The mergers and acquisitions in the month of May, continue the positive trend of which this market is the protagonist. According to TTR data, comparing the number of operations carried out this month with the same period last year, we see that the number of operations has increased by 40%, from 59 to 83.
Larger transactions
Among the largest deals closed this month were the sale of 11.86% of YPF by Repsol a Morgan Standley 901.34M and the sale of SIIC de Paris by SIIC de Paris for a total of Realia French-style Eurosic for €559M.
Most active sub-sectors by number of transactions
The technology sector, with operations such as the acquisition of the Spanish company Tapp by Flexiant, leads the list of the most active sectors, with 15 operations this month, 4 of which are cross-border operations.
The technology sector was followed by the internet sector, with 14 deals in May, such as the acquisition by Akamon of 25% of Xpinatora studio headed by Zvika Alon, former CTO of 888.com.
The metal, steel and industrial production industry, where a total of 6 operations have been carried out this month, is third on the list. So far this year, 22 operations have already been carried out in the sector.
"It seems to be a sector that is growing considerably, if we take into account that last year only 34 operations were closed in the whole year. One of the leading companies in this phenomenon is the industrial group Carbures, which is consolidating its position as the most active Spanish SME in corporate transactions, with eight acquisitions between 2013 and this year, with the purchase of German aXecp, a German engineering company specialising in safety and electronic development of high-end vehicles", says Diego Gutierrez, an expert in alternative financing at Abra Invest Group.
Cross-border market
With regard to the cross-border market, Spanish companies continue to attract the interest of the United States, which is the most active country with a total of six operations, followed by the Netherlands. For its part, Spain has also made acquisitions outside its borders, such as in Colombia and the United States, for a combined amount of 19.61 million euros.
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