Posts Tagged ‘private equity’

Spain Commercial Premises Investment Grows

Spain Commercial Premises Investment Grows

Investment in commercial premises in Spain rose to 1.33 billion euros in 2014, an increase of 330 million euros from a year earlier, fuelled by attractive rental yields and the positive economic outlook. Financial services providers like family offices and investment funds were the most active players in the market, according to a May report by property consultants Aguirre Newman. And as Spain’s economic recovery continues, boosting consumer demand, top domestic and international retailers have been jostling for positions in prime areas in capital cities like Madrid and Barcelona.

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AXA Completes Buy of Santander Assets

AXA Completes Buy of Santander Assets

Axa Real Estate has given a vote of confidence to Spain’s recovering property market with the acquisition of 381 branch offices from the country’s biggest bank Santander. Axa Real Estate, the largest real estate portfolio and asset manager in Europe, brokered the 308 million euros deal on behalf of a joint venture involving two of its institutional clients. Most of the offices are located in major cities like Madrid, Barcelona and Malaga, but there are also some in prime locations in smaller towns across Spain.

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Spain M&A Sector Continues Growing

Spain M&A Sector Continues Growing

Companies across the globe are expected to show increased appetite for M&A in 2015, continuing the positive trend registered last year, consultancy firm KPMG said in its February M&A Predictor report. As the impact of the financial crisis has eased over the last two years or so, firms have been able to pay down debt and start building up cash to fund fresh acquisitions. Easier access to credit has also been a factor influencing the rise in deals in 2014.

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France’s Ardian Mulls Opening Madrid Office

France’s Ardian Mulls Opening Madrid Office

Independent French private equity (PE) firm Ardian is reported to be considering opening an office in Madrid, in a move which demonstrates Spain’s increasing importance as a hub for international investment. Ardian, formerly Axa Private Equity, already has a range of investments in Spain, including a 15 percent stake in energy company CLH.

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Spain M&A Boosted by Growing Optimism

Spain M&A Boosted by Growing Optimism

Spain has been a hub of M&A activity over the last 12 months and the outlook for 2015 is rosy as the economy continues to improve. Renewed foreign investor interest in Spanish assets, combined with local companies’ expansion ambitions at home, have helped fuel an increase in acquisitions across a range of sectors.

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Spain property market still attracts investors

Spain property market still attracts investors

Foreign investors continue to snap up Spanish real estate assets, even though the market is beginning to show signs of a fledgling recovery. So are there still bargains to be had? There certainly are in and around the country’s coastal areas, where prices took the worst beating when the massive property bubble burst in 2008.

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2014 M&A Trends In Spain

2014 M&A Trends In Spain

The number of M&A transactions completed in Europe has rebounded this year following the slump that occurred towards the end of 2013.
And Spain has been a hub of activity as the country’s recovering economy has rekindled investor confidence.

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Vodafone Snaps Up Spain’s ONO for $10 Billion

Vodafone Snaps Up Spain’s ONO for $10 Billion

Vodafone has taken another step towards achieving its goal of becoming a top European integrated communications provider with its recent swoop on Spanish cable operator ONO.

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Spain’s Banks Vie To Sell Property Management Businesses

Spain’s Banks Vie To Sell Property Management Businesses

Santander and Banco Popular are the latest lenders to dispose of their property management business, as they strengthen capital ahead of a Europe-wide review of assets next year. Santander, Spain’s largest bank, agreed last week to sell its real estate management division Altamira to US private equity group Apollo Global Management in a deal slated to be worth about 700 million euros.

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M&A in Spain on Up And Up in 2013

M&A in Spain on Up And Up in 2013

Spain has been a hub for M&A in 2013, a fact that is not surprising given the extent of deleveraging by its banks, forced to sell off assets to clean up their balance sheets and boost capital. But banks have not been alone in disposing of non-core assets.

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