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[]
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[null,"Prepared By:","Contributors:"]
[null,"Uría Menéndez","Eduardo Geli"]
[]
[]
[]
["Global M&A Trends Report"]
[]
["Report Generated: 11/19/2025"]
[]
["View your report results on next tab"]

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["Question","Spain"]
["Private M&A"]
["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:  \n \n General: economic environment \n Commercial: valuation expectation gaps \n Regulatory: national security and foreign investment restrictions \n \n 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. \n"]
["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. \n"]
["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.\n"]
["Public M&A"]
["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:  \n \n General: economic environment \n Commercial: valuation expectation gaps \n Regulatory: national security and foreign investment restrictions \n \n 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. \n"]
["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. \n"]
["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.\n"]
["Jurisdictional Insights"]
["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.\n"]