The Spanish M&A market in 2013

Integral service around a transaction
BY : Diego GutiérrezJanuary Wed, 2014
mergers and acquisitions2013 has been a good year in terms of mergers and acquisitions, 1,183 operations, amounting to €70.955M. This represents an increase in operations of 29.57% over the previous year.


M6AMost active sectors

The 3 most active sectors have been the Internet, the financial sector and the technology sector, with a variety of differences between them.

While the internet is the sector with the highest number of transactions, 178 transactions, the total amount, €952M, is well below the amount that the financial sector moved, €22,826M, in just 107 transactions. In the technology sector, a total of 105 transactions were carried out for €556M.

"The increase in M&A activity contrasts with the decline in Private Equity activity. It is a reflection of the fact that the current moment is an opportunity for corporations that can contribute much more than money to the growth of investees," analyses Diego Gutierrez of Abra Invest.
Most active buyers

The most active buyers have been Telefónica, with a total of 6 acquisitions including E-plus, making it Europe's second largest telco in terms of mobile customers.
The second place, with 5 acquisitions, is occupied by Joyvio Spain. Joyvio who belongs to the group  Lenovo is the agricultural arm of the holding company and specialises in fruit, tea and wine.

Mitsui & cohas accumulated a total of four acquisitions, including the purchase of the 30% business from the Spanish company Gestamp in America.

Most active vendors

Among the most active vendors are, FCCThe sale of half of its renewable energies business to the fund, with 8 operations, included Plenium Partners.

Renfethe second most active seller in 2013, has completed six transactions, including the sale of the 40% he held at Alfil Logistics a DammThe company's other shareholder, which thus acquires 100% of the company's capital for €1.34 million.

Telefónica, in addition to being the largest buyer, is also the third largest seller with 5 transactions, including the sale of 65.9% for a total cash consideration of €2,467M of the share capital of Telefónica Czech Republic, which includes the activities in Slovakia.

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?