• Pragmatismo

  • Experiencia

  • Confianza


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Más de 600 operaciones concluidas con éxito


Somos una firma internacional especializada en la prestación de servicios de asesoramiento personalizado a empresas de tamaño medio en el área de finanzas corporativas. Venimos desarrollando nuestro servicio desde el año 1987, y somos el referente en España del mercado Mid-market de Fusiones y Adquisiciones. Contamos con una extensa especialización sectorial y amplia experiencia en banca de inversión en España y a nivel internacional.

Experiencia

Sabemos lo que hacemos...

Hemos concluido exitosamente más de 600 operaciones a nivel mundial, y aun así podemos decir que nuestro mayor orgullo es brindar siempre un servicio personalizado y a la medida de nuestros clientes.

Servicios y Resultado

... en su industria.

Nuestra filosofía esta basada en el servicio personalizado al cliente y en la obtención de resultado. Por eso, durante todo el proceso prestaremos asesoría financiera especializada y a su medida dotada del conocimiento que otorga la experiencia que hemos adquirido. Desempeñaremos un rol de liderazgo constante, participando activamente en cada una de las fases, de acuerdo con sus necesidades, y asegurando el éxito de cada operación.

Independencia

Estamos para usted...

Hay operaciones que requieren de la participación, especialmente durante las últimas fases del proceso, de profesionales de otras especializades (auditores, abogados, instituciones de crédito, etc.). Lideraremos con total independencia, sin conflicto de interés de ningún tipo y de acuerdo con las necesidades de nuestro cliente, la formación de estos equipos multidisciplinares que resultan necesarios para el cierre de cualquier operación.

Alcance Mundial

... aquí y donde nos necesite.

Nuestras oficinas en Madrid y Barcelona nos permiten una cobertura adecuada del mercado español. Participando activamente en operaciones en Portugal y Andorra. De igual forma, contamos con Partners estratégicos, líderes a nivel internacional en el asesoramiento de fusiones y adquisiciones, que compraten nuestra vocación de servicio para poder brindarle un servicio local allá donde tenga sus intereses.

Relación a largo plazo

Seguiremos con usted...

Nuestra vocación es crecer con usted, basando nuestra asesoría en la confianza y profesionalidad. Seleccionamos a nuestros clientes atendiendo a criterios de ética profesional con el objetivo de garantizar una relación mutuamente satisfactoria y duradera.

Discreción

... para ser su socio de confianza.

Sabemos que los procesos requieren, para su conclusión exitosa, una gestión discreta y con exigentes compromisos de confidencialidad por parte de los agentes implicados. Por eso desarrollamos los proyectos con una metodología enfocada a gestionar de forma segura y eficiente toda la información intercambiada y generada durante el proceso. Su confianza es nuestro bien más preciado.

NUESTRO EQUIPO


Contamos con el apoyo de 14 profesionales divididos en dos Áreas de Negocio: M&A e Inversiones

Josep M. Romances

Chairman

José Álvarez

Managing Director Madrid

Jorge Scherk

Managing Director Barcelona

Xavier Mallafré

Chief Executive Officer

Sectores


La amplia experiencia en la mayoría de sectores, tanto a nivel nacional como internacional, constituye uno de nuestros pilares básicos del éxito.

Automotive and Aerospace

El grupo Automotive & Aerospace se fundó en Los Angeles (EE.UU.) en 1998.

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Business support services

El grupo Business Support Services fue creado en Copenhague (Dinamarca) en 1989.

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Construction & Engineering Services

Construction & Engineering Services nació en Dallas (EE.UU.) en 1998.

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Energy

Energy fue creado en Atlanta (EE.UU.) en 1998.



 

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Equity Capital Markets

Equity Capital Markets fue creado en Londres (Reino Unido) en 1999.



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Food & Beverage

Food and Beverage fue creado en Atlanta (EE.UU.) en 1998.




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Healthcare

Healthcare nació en París (Francia) en 1998.




 

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Real Estate

Real Estate fue fundado en Hamburgo (Alemania) en 2001.



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Retail

Retail nació en Hamburgo (Alemania) en 1988.





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Technology

Technology fue creado en Boston (EE.UU.) en 1999.





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Servicios


Cuando la especialización es garantía de éxito

Actualmente disponemos de un portfolio de servicios destinado a satisfacer las necesidades de sus clientes. Nuestro equipo de profesionales asesorará al cliente en la toma de decisiones velando por sus intereses

No somos la fuerza de uno, somos la fuerza de un equipo

Finanzas corporativas

Especialistas en finanzas

  • Fusiones y Adquisiciones
  • Restructuraciones
  • Valoraciones
  • Privatizaciones
  • IPOS nat/internat
  • Fairness Opinion

Gestión de Patrimonio

Garantía de éxito

  • Planes de negocio
  • Asesoramiento accionistas
  • Private placement
  • Análisis portfolio
  • Assets allocation nat/internat
  • Private equity

Consultoría

La fuerza de un equipo

  • Estructuras Internacionales
  • Restructuraciones
  • Apoyo a equipos directivos
  • Situaciones de Iliquidez
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Nuestra Experiencia Internacional desde 1987

- 3658proyectos en el mundo
- 628proyectos en usa
- 268proyectos en españa
- 2741proyectos en los últimos 10 años

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Últimas Transacciones


Consulta nuestras últimas transacciones.

Últimas Noticias


  • Project with Grupo Godo

    Grupo Godo has reached an agreement with a selection of reputable companies to provide quality information to its audience. This new group called FORO EMPRESARIAL is composed of CLOSA (as financial advisor), AXIS CORPORATE (business consultancy), BBVA (for funding), ILV SILVER (integral support transactions), VIALEGIS (legal and tax advice) and WOLTERS KLUWER (information and software services). It is issued quarterly as a separate print of La Vanguardia´s Saturday´s issues, the first number dealt with company size and the second one on the process of transformation.

  • The shades of the Spanish economy

    The Bank of Spain has published recently its annual report depicting what we can call the 50 shades of the Spanish economy.
    Starting with the evolution of the domestic demand  to be the engine driving GDP growth in 2014 and 2015, with an emphasize on the domestic consumption´s role. This rebound in consumption is tailored towards durable goods, for which the Spaniards have postponed purchasing during the financial crisis (such as changing TV, fridge…).

    However, this rebound in consumption is still higher than the growth in real wages, which could indicate that the actual growth in GDP is due to a momentary effort in household consumption. Today, the wages are far from what they were before the crisis keeping in mind that the inflation is negative.

    In terms of GDP, foreign demand has been falling in 2014 and 2015, while the last time we saw a fall in foreign demand was in 2007 which could be alarming. Spain seems to be performing better, but if the major economies are not doing well, this can have a contagious effect on Spain sooner or later.

    Looking at gross wealth, today it is still far from 2008 levels. The main investment of Spaniards is real estate but it is still far from recovering from the golden years levels reached in full bubble.

    When it comes to debt, the national debt has already exceeded 100% of GDP and the EU average despite having been well below the level of debt of the Eurozone. Warnings were in place several years ago while some claimed that Spain was solvent due to its low level of debt.

  • Takeaway and Delivery Acquisitions

    Just Eat Plc (LSE: JE.), the world´s leading digital marketplace for takeaway food delivery announced in February 2016 that it has agreed on acquiring four businesses from competitors Rocket Internet and Foodpanda for an aggregate of €125Million to be funded from existing cash resources.

    The target businesses are online takeaway food companies residing in Spain (La Nevera Roja), Italy (PizzaBo/ hellofood Italy), Mexico (hellofood Mexico) and Brazil (hellofood Brazil). The new acquisition is regarded as highly complementary to Just Eat´s existing portfolio and thus is in line with its strategic growth plan to become the market leader in the geographical environment in which it operates. Studies have estimated that the takeaway food delivery in these targeted territories is worth over € 9.9 billion.

    Previous operations in this market, such as the successful consolidation in 2014 of Just Eat in Brazil, demonstrates the effectiveness of M&A transactions in this sector. Through their joint venture with Movile and iFood, they became market leaders in Brazil and processed more than 1.1 million orders in December 2015, a 150% increase year-on-year according to company sources. The benefits include enlarged business volume and scale, with a bigger customer base that would enjoy a larger choice of restaurants, as well as economical synergies established with time that would in turn lead to increased sustainable margins. Just Eat expects the acquisition, in net terms, to adjust 2016 EPS and to add € 6.18 million to 2017 EBITDA.

    The other side of the story shows that a trend of divestments has been taking place in the industry: Rocket Internet has sold quickly La Nevera Roja when it had acquired it only one year ago for € 80 million, Just Eat´s CEO David Buttress also sold 60% of his shares in March 2016, so as the finance director Mike Wroe who decreased his ownership by 55%. What seems to be behind the selling trend is mainly the business model of the companies: these start-ups, by providing the independent restaurants a web and online platform to manage their fleet of delivery people, are in fact being related in consumers ‘minds to the quality of food delivered which is mostly low-end fast food. As they don´t handle the food at any point, they charge a low fee of around 10-15% of the order price, and since they are limited in their food choice and price, they cannot optimize the speed and quality of delivery.

  • Best Investment in start-ups since the dot-com boom

    U.S. Venture Capital firms have raised $12.0Billion for 57 funds during the first quarter of 2016 translating into a 59% increase in dollar terms from last year´s first quarter and a 17% decrease in terms of the number of funds raised, according to the National Venture Capital Association (NVCA). This quarter investments has marked the best start to a year since the dot-com boom in 2001 and the strongest quarter since the 2nd quarter of 2006 when 79 funds raised $14.3Billion.

    What is worth reflecting on is that the market considered 2015 to be the worst year for Tech IPOs since 2009: just 28 companies entered the U.S. public markets according to Dealogic compared to 62 in 2014 and 48 in 2013, 131 unicorns (companies valued at $1Billion or more by Venture Capitalists such as Uber, Xiaomi and Airbnb) opted to remain private for a longer period and half of the tech companies that went public have traded at below their IPO price.

    Regardless, this data is surely good news for the Venture Capital industry that managed to gather the most money in a decade, money which will eventually need to get invested into American entrepreneurs businesses thus encouraging innovation.

    Lyft, the American transportation network company that facilitates peer-to-peer ridesharing, completed a $1Billion financing round, seizing the largest deal of the quarter. Following, is the 3D computer-generated virtual reality start-up Magic Leap that raised $794Billion, and rounding the top 5 are Sunnova Enegry, Uber and Flatiron Health. The top 10 companies have raised 25% of total funds.

    In terms of sectors, the most attractive was Software which gathered $5.1Billion, Biotechnology raised $1.8Billion whereas Media and Entertainment came in 3rd place with $930Million. More experienced start-ups were more successful in gaining more flows while early stage investments decreased by 18% in volume compared to the previous quarter.

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Contacte con nosotros


Consulte sus dudas con nosotros. Estaremos encantados de ofrecerle soporte.

 Av. Diagonal, 652, Esc. C, 6a - 08034 BCN
 Velázquez, 10, 2º izda. - 28001 MADRID
 (+34) 93 241 80 08
 (+34) 913 198 366