The MAB, alternative financing that is making a comeback

Integral service around a transaction
BY : Diego GutiérrezNovember Mon, 2015
After a year in which the Gowex scandal meant that only Socimis were listed on the MAB, the strict regulation of the market has won back the support of investors and several companies are choosing this market as a way to grow. Today Agile Contents went public and last week Thinksmart.

What is the MAB?

MaB is a market oriented towards small-cap companies looking to expand, with tailor-made regulation designed specifically for them and costs and processes adapted to their characteristics, allowing them to benefit from the advantages of the market: financing, visibility, liquidity, valuation.....

To ensure transparency in the market it is necessary for each company to have a Registered Advisor, who assists the company in the whole process, from market entry to day-to-day trading.

Why is the MAB important for SMEs?

Facilitates access to finance.

They gain access to new investors, other than venture capital or business angels.

 It helps to grow faster, via mergers and acquisitions. acquisitions.

It is a letter of introduction to your internationalisation process.

Changing its corporate culture: more transparent and more professional.

Alternative for continuity in family businesses, by broadening their shareholder base and allowing the departure of founding partners. It offers shareholders liquidity by allowing their shares to be converted into cash. It does not involve losing control of the company.

It allows the value of the company to be determined, as the market fixes the price of the shares, incorporating business expectations into the price.

Companies listed on the MAB

There are currently 33 growing companies listed on the MAB. In addition to companies, SOCIMIS, SICAVS, venture capital companies and hedge funds are also listed on the MAB.

Focusing on growth companies, the sector with the largest presence on the MAB is biotechnology with a total of 7 companies, followed by software and engineering with 5 and 4 companies respectively.

"It is difficult for venture capital to invest in biotechnology in Spain, because venture capital invests in short terms, it wants to exit after four or five years, while the maturity of biotech projects is much longer. In addition, the valuation logic of a biotech is different because of the risk associated with the development of its product portfolio. That is why the MAB gives a light to these biotech companies that want to grow", says Diego Gutierrez from Abra-Invest.

By capitalisation, the engineering and project development sector is gaining weight in the total market and together with the telecommunications sector represents 46% of the stock market capitalisation; with €529.8M.


Mab participation grows in the last half of 2015

During the last half of 2015 we have witnessed how several companies have decided to break the ice and go public on the MAB one year after the Gowex scandal came to light in July 2014.

"companies that are coming out are hiring top-tier firms. to comply with regulatory requirements and this is boosting investor confidence, so much so that according to AemabIn 15 years' time there will be 500 listed companies, whereas today there are 33," says Diego Gutiérrez of Abra-Invest.

In the last half of 2015, 7 SMEs were listed on the MAB, compared to only one in the first half of the year.

New companies on the MAB


If you want to know more about this market, please contact us. Abra-Invest has a team with extensive experience in alternative financing. Call us on + 34 946424142 or fill in the contact form. 


Other posts that may interest you

Spanish biotech companies go public

ICO increases global Fondico to €1500M

October 2015: Funding for the biotech sector: InnoUp Farma and Oryzon Genomics and Mind The Byte


The M&A Professionals

Meet our services



Do you want to be up to date?


Our diferentiation

Market Research Technology
Our team of market analysis specialists is continuously analyzing the investments of the most active markets in the industry in order to unceasingly contribute ideas of the current market situation and identify the most relevant trends for senior management. We integrate the most relevant sources of information which allows us to discover the most interesting companies for venture capital and similarly helps us to identify the investors with the highest probability of involvement in an M&A process to ensure the success of our sell-side operations.

The reports and deductions of our advisors provide a broad view of the sector, both geographically and from the complementary or adjacent markets perspective.
Technology Data Analytics
for M&A
Advanced data anlytics is a weapon". Intelfin is an artificial intelligence tool we use for investing and creating value in SMEs through competitive analytics and the enterprise environment.

IntelFin consists of a cognitive system, which, through the application of advanced analytical technologies, facilitates the automation of investment and financing decisions in the field of non-listed companies and especially SMEs in high-growth sectors.

The information related to these companies is characterized by their lack of transparency and heterogeneity; thus, it is necessary to develop an advanced analysis which is as much predictive as prescriptive and is developed in a natural language custom, suitable to obtain greater clarity and knowledge of the investment scope.

The IntelFin system focuses especially on analyzing the variables that define and influence the competitive environment of a sector and the positioning of a company, analyzing their influence on future value creation. Therefore, IntelFin supports strategic decision-making to senior management by resolving questions such as:

¿What are my competitors' priorities, strategies and expansion plans? Who's my competition? Which competitor is most likely to grow at a higher rate?
Which areas of activity/business models will receive the most investment? Which sectors are most attractive to investors?
Which companies are going to experience the most growth in the near future? Which companies are most likely to receive investment or be acquired?
Training Methodology
We have developed training programs in an innovative set-up which guarantees our teams the acquisition of technical competences both in the field of corporate finance and in the field of psychology, that is much needed when it comes to negotiation processes.

We have a culture of continuous improvement of our processes, closely related to the use of information systems that allow the enhancement of internal communication between our teams, as well as external communication with our customers. Hence, we extend best practices identified internally in an efficient and rapid manner among our members.

Are you one of those who prefer to be well informed when making decisions?