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Iberian Market - Annual report 2021

SPAIN

There were 2,936 transactions worth a combined EUR 122.74bn in Spain in 2021, according to Transactional Track Record's Annual Report. The report provides a complete analysis of the most prominent cross-border transactions, as well as the sectors undergoing most consolidation, led by Real Estate with 578 deals. The league tables in the final pages of the report contain a ranking of the leading legal and financial advisors, based on transactions announced in 2021.

PORTUGAL

Transactional Track Annual M&A Report contains a breakdown of 553 deals announced or closed in 2021. The report also provides updated data on different aspects of the Portuguese M&A market, where Spain-based buyers led inbound investments. Spain was the preferred destination for outbound deals led by Portugal-based companies, meanwhile. The report also includes a breakdown of M&A activity by sector, alongside information and data related to Private Equity and Venture Capital investments. League tables in the final pages of the report rank the top legal and financial advisors by transactions announced in 2021.

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SPAIN

MásMóvil Ibercom exercises squeeze-out right to acquire 100% of Euskaltel

Advisors in this deal:

Financial Advisory:

• BNP Paribas
• Goldman Sachs
• Barclays Bank
• J.P. Morgan España
• Citigroup Global Markets

Legal Advisory:

• Clifford Chance Spain
• Castañeda Abogados
• Evergreen Legal
• Freshfields Bruckhaus Deringer España
• Deloitte Legal
• PwC Tax & Legal España
• Uría Menéndez España (Global)
• Pérez-Llorca
• Linklaters Spain

Due Diligence:

• PwC Tax & Legal España

Fairness Opinion:

• J.P. Morgan US

Legal Advisory Acquisition Finance

• Linklaters Spain
• Linklaters UK
• Simpson Thacher & Bartlett UK
• Simpson Thacher & Bartlett US

PORTUGAL

Sonae completes the sale of 24.99% stake in Sonae MC to CVC

Advisors in this deal:

Financial Advisory:

• Goldman Sachs
• PwC Portugal
• McKinsey & Company 

Legal Advisory:

• Morais Leitão, Galvão Teles, Soares da Silva & Associados
• Cuatrecasas Portugal
• Freshfields Bruckhaus Deringer US

Due Diligence:

• PwC Tax & Legal España
• Deloitte Portugal