Global M&A Trends Report |
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Spain |
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(Europe)
Firm
Uría Menéndez
Contributors
Eduardo Geli |
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| With respect to private M&A, what are three things on top of mind for M&A practitioners in your jurisdiction? | Three things top of mind for private M&A practitioners in Spain are:
2023 has been a complex year for M&A. Activity went up and down during the year. This volatility was probably due to uncertainties generated by the global economic environment and geopolitical tensions and has caused a slowdown in transaction management. |
| With respect to private M&A, where does your jurisdiction see most deal activity? | Most private M&A deal activity is categorized as below mid-market. |
| With respect to private M&A, what sector sees the most deal activity in your jurisdiction? | Most private M&A deal activity is seen in the Real Estate sector. |
| What are your predictions for private M&A deal volume in your jurisdiction during 2024? | Private M&A deal volume in 2024 is predicted to be the same as 2023 deal activity, we expect another volatile year, with sectors (such as IT, Renewable Energies, infrastructure and Banking) where M&A activity should be high. |
| With respect to public M&A, what are three things on top of mind for M&A practitioners in your jurisdiction? | Three things top of mind for public M&A practitioners in Spain are:
The same factors mentioned above impacting private M&A have also impacted public M&A. |
| With respect to public M&A, where does your jurisdiction see most deal activity? | Most public M&A deal activity is categorized as top-tier. |
| With respect to public M&A, what sector sees the most deal activity in your jurisdiction? | Most public M&A deal activity is seen in the Technology, Media and Telecommunications, IT and Infrastructure sectors. |
| What are your predictions for public M&A deal volume in your jurisdiction during 2024? | Public M&A deal volume in 2024 is predicted to be greater than 2023 deal activity, the low listing value of some Spanish-listed companies should give room to takeovers. |
| Please share any other insights with respect to M&A in your jurisdiction: | While the existing geopolitical tensions and general economic environment will probably give rise to another volatile year, we expect solid M&A activity in certain sectors such as Real Estate, Energy, IT and Infrastructure. |
Global M&A Trends Report
Three things top of mind for private M&A practitioners in Spain are:
- General: economic environment
- Commercial: valuation expectation gaps
- Regulatory: national security and foreign investment restrictions
2023 has been a complex year for M&A. Activity went up and down during the year. This volatility was probably due to uncertainties generated by the global economic environment and geopolitical tensions and has caused a slowdown in transaction management.
Most private M&A deal activity is categorized as below mid-market.
Most private M&A deal activity is seen in the Real Estate sector.
Private M&A deal volume in 2024 is predicted to be the same as 2023 deal activity, we expect another volatile year, with sectors (such as IT, Renewable Energies, infrastructure and Banking) where M&A activity should be high.
Three things top of mind for public M&A practitioners in Spain are:
- General: economic environment
- Commercial: valuation expectation gaps
- Regulatory: national security and foreign investment restrictions
The same factors mentioned above impacting private M&A have also impacted public M&A.
Most public M&A deal activity is categorized as top-tier.
Most public M&A deal activity is seen in the Technology, Media and Telecommunications, IT and Infrastructure sectors.
Public M&A deal volume in 2024 is predicted to be greater than 2023 deal activity, the low listing value of some Spanish-listed companies should give room to takeovers.
While the existing geopolitical tensions and general economic environment will probably give rise to another volatile year, we expect solid M&A activity in certain sectors such as Real Estate, Energy, IT and Infrastructure.