The Spanish transactional market registered up to the third quarter of the year a total of 2,001 mergers and acquisitions, between announced and closed, for an aggregate amount of €88,810 million, according to TTR's quarterly report (www.TTRecord.com) in collaboration with Intralinks. These figures represent a 10% decrease in the number of transactions and a 6% decrease in the number of transactions compared to the same period in 2021.

In terms of sectors, Real Estate is the most active sector of the year, with a total of 468 transactions, and has recorded an increase of 34% compared to Q3 2021; followed by the Internet, Software and IT Services sector, with 235 transactions and a year-on-year decrease of 14%, and the Business and Professional Support Services sector, which recorded 126 transactions and a decrease of 39% compared to Q3 2021.

Cross-Border

As regards the Cross Border market, up to the third quarter of the year, Spanish companies have chosen the United States, the United Kingdom, and Portugal as the main destinations for their investments, with 40, 34 and 28 transactions, respectively. In terms of amount, the United States is the country in which Spain has made the largest disbursement, with an aggregate amount of €4,997m.

Source: Legal Dealmaker