Spain: Country on the brink of merger boom, says consulting firm

Professional Business Service firm EY, along with the Spanish Association for Venture Capital (ASCRI) have announced they expect for Spain to offer an important opportunity for growth and investment over the coming months, with the imminent formation of a new government after over a year of political uncertainty.

EY’s study expects a new wave of mergers and acquisitions in spain, with over 40% of Spanish firms saying they would like to conclude or initiate M&A deals in the near future.

More than 90 major international investment and private funds, such as Portobello Capital, Bank of America Merril Lynch, Citi, Goldman Sachs, Accel Partners, Intel Capital, Highland Capital Partners, The Carlyle Group, PAI, Harbourvest, VidaCaixa and the European Investment Fund gathered at EY’s London offices during the third edition of the “Investment Opportunities in Spain Summit”, where EY and ASCRI expressed their outlook.

Spain appears to have regained the confidence of major private equity funds, finding itself among the top markets for investment in 2016, said Iñigo Fernandez, Secretary of State for the Economy and Business Support. The imminent formation of a government has in recent weeks further bolstered their confidence.

Full Content: Confilegal

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.