Transações ganham impulso no setor químico

Posted on
TTR-Deal-Tracker

TTR Deal Tracker
www.TTRecord.com

BRASIL

 O TTR Deal Tracker Brasil é um email mensal que contém tendências do mercado transacional  brasileiro, além de incluir um ranking  Year to Date (YTD) dos principais assessores jurídicos e financeiros.

BRASIL: Transações ganham impulso no setor químico

O volume de transações envolvendo empresas que atuam no setor químico ganhou impulso nos cinco primeiros meses de 2016, com um aumento de 38,5% no número de transações, se comparado com o mesmo período de 2015, segundo dados do TTR (www.TTRecord.com).
Os investidores internacionais continuam interessados nesse setor, onde foram registradas 13 transações de aquisição de empresas brasileiras por parte de empresas estrangeiras até agora em 2016, frente as cinco registradas no mesmo período de 2015.

Rankings / League Tables

Brasil Ranking – 2016

Assessoria Financeira – Year to Date (YTD)

O Banco BTG Pactual lidera o Ranking TTR de Assessores Financeiros, elaborado com dados de janeiro a maio de 2016, com oito mandatos e um valor agregado de USD 9,3bi, o que representa uma diminuição de 11% em volume e 63% em valor agregado se comparado ao mesmo período de 2015, onde esteve em segunda posição. O BTG Pactual destituiu o Banco Itaú BBA da sua posição de líder de um ano atrás graças apenas ao maior valor agregado em 2016 YTD, já que o banco rival também tem oito mandatos até agora em 2016, com um valor agregado de USD 6,3bi, o que representa uma redução de 50% no volume e de 85% no valor agregado de um ano atrás, quando liderou o ranking com 16 negócios no valor de USD 41bi. O Banco Bradesco BBI ocupa a terceira posição, com sete mandatos, frente aos cinco negócios assessorados um ano atrás. O BAML ocupa a quarta posição na tabela, também com quatro mandatos,  depois de não aparecer entre os top 10 no mesmo período de 2015. O BR Partners, em quinto, também assessorou quatro transações nos cinco meses de 2016, o mesmo volume que tinha registrado no final de Maio de 2015, entretanto registrou um aumento de 400% no valor agregado saltando de USD 895m para USD 4,5 bi. O Morgan Stanley segue em sexto com três mandatos no acumulado do ano, empatado em volume com o Vinci Partners que está em sétimo. O IGC Partners Assessoria Empresarial está em oitavo, a Magma está em nono e Ártica Investimentos em décimo. Destes últimos, apenas o IGC esteve classificado entre as top 10 de um ano atrás, quando tinha assessorado em quatro transações.

Assessoria Jurídica – Year to Date (YTD)

O Souza, Cescon, Barrieu & Flesch Advogados lidera ranking TTR de assessoria jurídica do Brasil no final de maio, com 24 mandatos no acumulado do ano com um valor agregado de USD 3,1bi. Há um ano atrás o escritório ocupou a terceira posição com 17 transações assessoradas com um valor total de USD 3,9bi. O Pinheiro Neto Advogados ocupa o segundo lugar com 21 mandatos nos primeiros cinco meses do ano com um valor total de USD 2,9bi, tendo subido desde a quinta posição no final de maio de 2015, quando assessorou 15 transações pelo valor total de USD 8,7bi. O Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados está em terceiro lugar com 19 mandatos no valor de  USD 1,6bi. O Machado, Meyer, Sendacz e Opice Advogados, que estava em primeiro lugar há um ano atrás, ocupa a quarta posição com 16 transações assessoradas com um valor agregado de USD 510m, o que representa uma queda de 11% em volume e uma queda de 96% em valor agregado. O TozziniFreire Advogados subiu uma posição em relação ao ano passado, ocupando agora a quinta posição com 16 transações cujo valor agregado é de USD 323m. O Barbosa, Müssnich, Aragão, na sexta posição, desceu duas posições em relação ao ano passado, tendo no acumulado do ano 14 mandatos com valor agregado de USD 909m, frente aos USD 8,6bi de um ano atrás. O Stoche, Forbes, Padis, Filizzola, Clapis, Passaro, Meyer e Refinetti Sociedade de Advogados está em sétimo, com 13 negócios no valor de USD 103m, colocando-o entre os Top 10, já que não estava entre eles há um ano atrás. O Lefosse Advogados, que está em oitavo, também esteve ausente do ranking de maio de 2015. O Demarest aparece em nona posição com 10 mandatos cujo valor agregado é de USD 675m, frente aos 11 mandatos no valor de USD 79m no total, um ano atrás. O Lobo & de Rizzo Advogados completa os top 10 com nove mandatos que em conjunto somam USD 286m, um aumento de 80% em volume e 129% em valor agregado em comparação com um ano atrás.

* Os Rankings TTR deste report são elaborados com transações anunciadas e/ou concluídas em 2016 Year to date. Estão incluídas transações de investimento e desinvestimento de Private Equity / Venture Capital, compra/venda de ativos e formação de Joint Ventures. Os Rankings de assessores jurídicos do México e do Brasil consideram apenas assessorias nas respectivas leis locais. Em todos os rankings são considerados apenas deals onde alguma empresa do respectivo país tenha sido target na transação, no caso do ranking LATAM, algum país latinoameircano. No ranking LATAM não há especificação sobre a lei da assessoria, além disso o filtro considera apenas firmas de UK/US.

Em caso de empate o critério de desempate é: empate por número de transações, se desempata com o valor total; empate por valor total, se desempata por número de transações. E quando exista um empate em número e valor, será mantida a mesma posição e a ordem será alfabética.

Agribusiness deal volume up in Brazil

Posted on
TTR-Deal-Tracker

TTR Deal Tracker
www.TTRecord.com

LATIN AMERICA

TTR Deal Tracker is a monthly email update identifying M&A trends in Latin America and compiling YTD rankings of leading financial and legal advisors

BRAZIL: Agribusiness fertile ground for deals

Agribusiness transactions have shot up 143% in the first four months of 2016 relative to the corresponding period in 2015, according to TTR data (www.TTRecord.com).

The number of international buyers in the space fell in relative and real terms, however, from four of seven in the first four months of 2015 to one of 17 YTD.

MEXICO: Healthcare deal volume triples

Heathcare, hygiene and cosmetics deal volume has increased 200% in the first four months of 2016 compared to the same period in 2015, according to TTR data (www.TTRecord.com).

International bidders have demonstrated appetite for the space this year, with three of nine transactions led by overseas investors whereas none of the three deals in the corresponding period of 2015 were cross-border.

Rankings / League Tables

Latin America Ranking – 2016

Financial Advisory – Year to Date (YTD)

Brazil’s Banco Itaú BBA holds its position at the top of TTR’s Latin America financial advisory ranking at the close of April with nine mandates YTD worth a combined USD 3.7bn, a 40% decline by volume and a 19% dip in aggregate value compared to its performance in the first four months of 2015 when it’d advised on 15 deals together worth USD 4.6bn. Banco BTG Pactual follows close behind with six mandates in the first four months of 2016 on deals worth a combined USD 1.3bn, representing a 33% decline in volume and an 83% fall in aggregate value relative to its nine mandates on deals worth USD 7.9bn in aggregate in the first four months of 2015, when it also placed second in the chart. Citigroup ranks third with five deals worth USD 2.4bn in aggregate after not placing among the top 10 of the regional ranking at the close of April 2015. BBVA jumped two positions to take fourth, also with five deals YTD, in its case worth USD 1.9bn, compared to four worth USD 1.3bn a year ago when it ranked sixth. Banco Bradesco BBI ranks fifth, also with five mandates YTD, the same volume as at the close of April 2015, the aggregate value of its deals dropping 91% meanwhile from USD 9.1bn to USD 806m. BR Partners ranks sixth with four advisory mandates YTD worth USD 1.1bn combined, and Ártica Investimentos seventh, also with four deals under its belt. Neither placed among the top 10 at the close of April 2015, nor did BAML, in eighth, Vinci Partners in ninth nor Goldman Sachs, in tenth.

Cleary Gottlieb Steen & Hamilton leads TTR’s Latin America legal advisory ranking at the close of April with nine advisory mandates YTD on deals worth a combined USD 1.2bn. The top international firm in the region was not among the leading 10 at the close of April 2015. Baker & McKenzie is tied by volume but lags far behind by aggregate value, the combined consideration of its deals worth USD 194m, a 97% decline from the USD 795m its 11 deals were together worth a year ago when it also ranked second. Jones Day fell to third from first with five mandates YTD together worth USD 70m compared to 13 worth USD 2.3bn in the first four months of 2015. Clifford Chance climbed one position to take fourth, though its deal volume remained constant. Skadden, Arps, Slate, Meagher & Flom ranks fifth, with three advisory mandates YTD, tied by volume with Davis & Gilbert, Linklaters, White & Case and Latham & Watkins, of which only White & Case placed among the top 10 in the first four months of 2015 when it advised on four deals together worth USD 983m to take fourth in the chart. Simpson Thacher & Bartlett brings up the rear, advising on two deals YTD after not appearing among the top 10 for the four-month period ending a year ago.

Financial Advisory – Year to Date (YTD)


Brazil’s top three banks, Banco Itaú BBA, Banco BTG Pactual and Banco Bradesco BBI hold to their first-, second- and third-place positions of a year ago in TTR’s Brazil financial advisory ranking at the close of April 2016. All three faced a heavy decline in aggregate deal value, which fell 71%, 83% and 91%, respectively, though only Itaú’s deal volume declined as that of its peers remained constant. BR Partners ranks fourth after not appearing among the top 10 for the first four months of 2015. Vinci Partners climbed from seventh to fifth, its deal volume remaining constant in each four-month period while the aggregate value of its three deals grew from USD 22m to USD 282m. Ártica Investimentos, BAML, Moelis & Company and Citigroup, in sixth, seventh, eighth and ninth, respectively, were not among the top 10 at the close of April 2015. IGC Partners Assessoria Empresarial fell five positions to bring up the rear, its deal volume cut in half.

Legal Advisory – Year to Date (YTD)


Souza Cescon Advogados leads TTR’s Brazil legal advisory ranking for the first four months of 2016 with 18 deals together worth USD 2.1bn, representing a 64% increase in volume and a 42% decline in aggregate value relative to its 11 deals worth a combined USD 3.6bn a year ago when it ranked fourth. Pinheiro Neto Advogados follows in second, up from sixth a year ago, its deal volume growing 70% from 10, its aggregate deal value up 538% from USD 271m. Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados lost one position in the chart to rank third, despite growing volume by two deals. Its aggregate deal value fell 85% from USD 7.8bn, meanwhile. TozziniFreire Advogados climbed two positions in the ranking to take fourth, its deal volume up 67% from nine and its aggregate deal value down 44% from USD 570m. Machado, Meyer, Sendacz e Opice Advogados fell from first to fifth as it lost one transaction compared to its performance in the first four months of 2015 and aggregate deal value dipped 84% from USD 3.2bn. Barbosa, Müssnich, Aragão fell from third to sixth in the chart, despite adding one deal to its count of a year ago. The combined value of its deals dropped 92% from USD 7.8bn in the first four months of 2015. Stocche, Forbes, Padis, Filizzola, Clapis, Passaro, Meyer e Refinetti Sociedade de Advogados ranks seventh, Lefosse Advogados eighth and Lobo & de Rizzo Advogados ninth, none of the three having appeared among the top 10 by the close of April 2015. Demarest Advogados brings up the rear, its volume down by one, the aggregate value of its deals up 214% from USD 79m a year ago when it ranked eighth.

Mexico Ranking – 2016

Financial Advisory – Year to Date (YTD)

Citigroup leads TTR’s Mexico financial advisory ranking for the first four months of 2016 with three mandates worth a combined USD 2.4bn, up from one deal worth USD 1.2bn for the corresponding period ending a year ago when it ranked fifth. BBVA is tied by volume, its three deals worth USD 1.9bn. BBVA advised on the same number of transactions by the close of April 2015, its three deals then worth USD 1.3bn. Of the remaining financial advisors in the chart, only Rión M&A appeared among the top 10 for the corresponding period ending a year ago, when it had also advised on a single deal.

Galicia Abogados leads TTR’s Mexico legal advisory ranking for the first four months of the year with five mandates on deals worth a combined USD 2.4bn, the same volume as in the corresponding period ending a year ago when it ranked fourth. Its aggregate value is down by 12% from USD 2.7bn. Ritch Mueller follows in second with four deals worth a combined USD 82m. The firm did not place among the top 10 in the first four months of 2015. Santamarina y Steta Abogados ranks third, having added one transaction to its tally of a year ago and growing aggregate value by 746% from USD 227m. Creel, García-Cuéllar, Aiza y Enríquez, in fourth, fell from first place a year ago, its volume down 79% from 14 and its aggregate value down 93% from USD 3.6bn. Geenberg Traurig México ranks fifth after not appearing among the top 10 in the first four months of 2015. Robles Miaja Abogados, in sixth, Haynes Boone México, in seventh, Garrigues México in eighth, and Aziz & Kaye Abogados, in ninth, were also absent from the top 10 a year ago. Baker & McKenzie México lost two deals and fell one position in the chart to bring up the rear, its aggregate deal value declining slightly from USD 30m.

El capital movilizado por entidades de private equity en el primer trimestre crece un 163,84%

Posted on
http://www.ttrecord.com/es/publicaciones/informe-mensual-peninsula-iberica/Mercado-Iberico-Primer-Trimestre-2016/1597/

Informe trimestral sobre el mercado transaccional ibérico – España

  • Se registran 31 operaciones de private equity por EUR 1.980,52m
  • En el total de M&A se han contabilizado 381 operaciones por un importe de EUR 13.718,73m
  • El sector inmobiliario es el más activo del trimestre, con 99 transacciones
  • Reino Unido es el país extranjero que más interactúa con España en M&A

Madrid, 13 de abril de 2016.– El mercado transaccional español ha registrado durante el primer trimestre del año 2016 un total de 31 operaciones de private equity por importe de EUR 1.980,52m, lo que supone un aumento interanual del 3,33% en el número de operaciones y del 163,84% en el importe de las mismas, según el informe trimestral de TTR (www.TTRecord.com) en colaboración con Intralinks.

Respecto al total de operaciones de M&A, en el primer trimestre se han registrado 381 transacciones por importe agregado de EUR 13.718,73m. Estos datos suponen un decremento respecto al mismo período de 2015 del 15,71% en el número de operaciones y del 47,44% en el importe de las mismas.
De estas 381 operaciones, de las cuales 41 son transacciones de venture capital, hay 323 que han sido concluidas, mientras que el resto sigue aún en proceso de cierre.
En términos sectoriales, el sector inmobiliario es el que cuenta nuevamente con más dinamismo, al contabilizar un total de 99 operaciones. Le siguen el tecnológico, con 33, el de Internet, con 30, y el financiero y de seguros, con 24.

Ámbito cross-border
Por lo que respecta al ámbito cross-border, en el primer trimestre de 2016 las empresas españolas han elegido a Reino Unido (7), Portugal (6), Francia (6) y Chile (4) como los principales destinos de sus inversiones por número de operaciones. En términos de volumen de inversión, Chile y Estados Unidos son los grandes destacados, con un capital movilizado de EUR 2.964,80m y 922,91m respectivamente.
Por otro lado, son Reino Unido, con 19 operaciones, Francia, con 17, y Estados Unidos, con 12, los países que mayor número de inversiones han llevado a cabo en España. Por importe destaca nuevamente Reino Unido, con un desembolso de EUR 1.121,80m, Holanda, con 1.671,52m, y México, con EUR 1.352,37m.

Mercado de capitales
En el mercado de capitales español se han cerrado durante el primer trimestre de 2016 un total de 11 ampliaciones de capital con un importe conjunto de EUR 954,28mm, y cuatro salidas a Bolsa con un capital movilizado de EUR 210,03m.

Transacción del trimestre
Para el primer trimestre de 2016, TTR ha seleccionado como transacción destacada la adquisición de Grup Marítim TCB por parte de APM Terminals. La operación, que ha registrado un importe de aproximadamente EUR 911,33m, ha estado asesorada por la parte legal por GTA Villamagna Abogados, Garrigues España, Deloitte Abogados, Garrigues Colombia, Garrigues México, y Garrigues Portugal; y por la parte financiera por BNP Paribas Corporate & Investment Banking.

Ranking de asesores financieros y jurídicos
El informe publica los rankings de asesoramiento financiero y jurídico de 2016 de M&A, Private Equity y Mercado de Capitales, donde se informa de la actividad de las firmas destacadas por número de transacciones y por importe de las mismas.

Entrevista con Rivero & Gustafson
El Socio Fundador de la firma de abogados Rivero & Gustafson, Sebastián Rivero Galán, ha comentado para TTR sobre el mercado transaccional español: “El mercado español es un mercado natural y preferente para los inversores franceses”.

Daniel Hernández
TTR – Transactional Track Record
T (ES) +34 91 279 87 59
daniel.hernandez@ttrecord.com
www.TTRecord.com

VCs boost funding for tech startups

Posted on
TTR-Deal-Tracker

TTR Deal Tracker
www.TTRecord.com

LATIN AMERICA

TTR Deal Tracker is a monthly alert that identifies M&A trends and provides YTD rankings of the leading financial and legal advisors in Latin America.

BRAZIL: VCs boost funding for tech startups

Venture capital funds boosted their investments in Brazilian technology startups as 2016 got under way, with an 80% increase in the number of such transactions YTD compared to January 2015, according to TTR data. The total sum directed at technology companies has grown by more than 1,000%, meanwhile, with USD 64m invested so far this year compared to USD 5m in January 2015.

MEXICO: Real Estate asset deals on the rise

The number of transactions in Mexico’s real estate sector jumped from one in January 2015 to four YTD, a 300% increase, according to TTR data. Three quarters of the country’s real estate transactions this year have been asset trades.

Rankings / League Tables

Latin America Ranking – 2016

Financial Advisory – Year to Date (YTD)

Banco Itaú BBA leads TTR’s Latin America financial advisory ranking for January 2016 with three transactions YTD together worth USD 724m, representing a 50% decline in deal volume and a 230% increase in aggregate value compared to its six mandates worth USD 219m for the same month in 2015, when it also led the pack. BBVA is off to a great start with two deals under its belt worth USD 3.92bn combined after not placing among the top 10 financial advisors regionally in January 2015. Banco BTG Pactual holds firm to its third place ranking of January 2015 with two deals in both periods, worth USD 171m in aggregate then compared to 506m in the first month of 2016, a 196% jump. Ártica Investimentos follows in fourth, also with two deals, in its case both worth an undisclosed consideration. Deutsche Bank, JPMorgan, Morgan Stanley and Lazard follow, in fifth, sixth, seventh and eighth, respectively, none of the four having ranked among the top 10 in January 2015. BR Partners, in ninth, advised on one deal in January this year, as it did in the same month a year prior when it ranked seventh. Cobaltum Partners brings up the rear, also with one deal under its belt YTD, after not placing among the top 10 for any month in 2015.

Legal Advisory – Year to Date (YTD)

Baker & McKenzie leads TTR’s Latin America legal advisory ranking for January 2016 with two deals together worth USD 24m, up in volume from one advisory mandate in the same month a year prior, then worth USD 98m. Jones Day is close behind, also with two deals, in its case both of an undisclosed consideration. Of the other firms in the chart, only Gunderson Dettmer and Hogan Lovells were among the top 10 in January 2015 when they occupied the same sixth and seventh place positions, respectively.

Brazil Ranking – 2016

Financial Advisory – Year to Date (YTD)


Banco BTG Pactual leads TTR’s Brazil financial advisory ranking for January 2016, up from third place in the corresponding month of 2015, with two transactions thus far this year together worth USD 506m compared to two a year ago worth USD 171m. Banco Itaú BBA is tied for first, having advised the counterparty on the same two transactions in January. Itaú led the chart with six deals in January 2015 worth USD 219m combined. BR Partners climbed one position in the ranking relative to January 2015, advising on one deal in both periods, this year of an undisclosed value, last year worth USD 75m. Ártica Investimentos also advised on one deal in January of an undisclosed consideration to tie for third place, after not appearing among the top 10 in the ranking at the close of January 2015.

Legal Advisory – Year to Date (YTD)


Souza Cescon Advogados leads TTR’s legal advisory ranking for January 2016 with two deals together worth USD 196m. The firm ranked second for the corresponding period in 2015, when it’d advised on four transactions together worth USD 158m. Pinheiro Neto Advogados ranks second, also with two advisory mandates in January, up from sixth in January 2015 when it’d advised on three deals together worth USD 16m. Lobo & de Rizzo Advogados ranks third, also with two deals under its belt YTD worth USD 5m combined, after not appearing among the top 10 in January 2015. Koury Lopes Advogados ranks fourth, up from ninth a year ago, advising on two transactions in both periods of undisclosed values. TozziniFreire Advogados, in fifth, was not among the top 10 a year ago, nor was Duarte Garcia, Caselli Guimarães e Terra Advogados, ranked sixth. Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados ranks seventh, with one deal YTD worth USD 310m, down from its leading position in January 2015 when it’d advised on six deals together worth USD 243m. PMKA Advogados, in eighth, was not among the top 10 for the corresponding period in  2015, nor was Ulhôa Canto, Rezende e Guerra, in ninth. Barbosa, Müssnich, Aragão, in tenth, lost one deal relative to its performance in the first month of 2015, while the USD 196m value of its sole transaction YTD compares favorably with its two deals valued at USD 8m in aggregate a year ago.

Mexico Ranking – 2016

Financial Advisory – Year to Date (YTD)

The four firms in TTR’s Mexico financial advisory ranking for January 2016 all advised on the same transaction and are thus tied neck and neck. None of the four ranked among the top firms for the corresponding period in 2015 when Barclays Bank led the chart.

Legal Advisory – Year to Date (YTD)

Galicia Abogados shares the lead with Santamarina y Steta Abogados in TTR’s Mexico legal advisory ranking for January 2016, both having advised counterparties of the same transaction. Galicia ranked third in the chart a year ago when it’d also advised on one transaction, then worth USD 2.5bn. Neither Baker & McKenzie nor Echanove y Asociados, ranked third and fourth, respectively, were among the top 10 for the corresponding period a year ago.

El importe de operaciones de M&A en España en 2015 aumenta un 45,97% respecto a 2014

Posted on
  •  Se contabilizan en 2015 un total de 1.956 operaciones por un importe agregado de EUR 136.405,66m
  •  El sector inmobiliario es el más activo del año, con 444 transacciones
  •  El último trimestre del año registra 523 operaciones por importe de EUR 26.358,39m

Madrid, 20 de enero de 2016.– El capital movilizado en el mercado transaccional español en 2015 ha experimentado un incremento interanual del 45,97%, hasta situarse en EUR 136.405,66m, según el informe anual de TTR, en colaboración con Intralinks.

El número de operaciones también se ha incrementado, desde las 1.650 contabilizadas en el año 2014 hasta las 1.956 registradas durante el año 2015. En términos porcentuales el incremento es de aproximadamente el 18,55%.
Por sectores, el sector inmobiliario es el que cuenta con un mayor número de operaciones, 444, seguido de lejos por el sector tecnológico, con 222 transacciones. Cierra el podio el sector financiero y de seguros, con un total de 162 fusiones y adquisiciones.
Por su parte, en el último trimestre del año se han registrado 523 operaciones con un importe agregado de EUR 26.358,39m, de las cuales 147 son operaciones de activos, 80 son de venture capital, y 70 son de private equity.

Ámbito cross-border
Por lo que respecta al ámbito cross-border, en 2015 las empresas españolas han elegido a Estados Unidos (35), Reino Unido (21) y Portugal (19) como los principales destinos de sus inversiones por número de operaciones. En términos de volumen de inversión, Reino Unido es el gran destacado, con un capital movilizado de EUR 26.498,34m, como consecuencia de operaciones como la fusión de las embotelladoras de Coca-Cola, o la adquisición de TSB por parte de Banco Sabadell.
Por otro lado, son Estados Unidos, con 79 operaciones, Reino Unido, con 71, y Francia, con 64, los países que mayor número de operaciones han realizado en España, y también los que mayor volumen de capital han desembolsado, con importes de EUR 9.183,91m, EUR 7.668,72m y EUR 8.023,89m respectivamente.
En términos trimestrales, en el último trimestre del año las empresas españolas han elegido a Estados Unidos (10), Chile (7), y Reino Unido (7) como los principales destinos de sus inversiones; mientras que son Estados Unidos, con 23 operaciones, Francia, con 21, y Reino Unido, con 20, los países que mayor número de inversiones han llevado a cabo en España.

Private equity y venture capital
En 2015 se han registrado 201 operaciones de private equity con un capital movilizado de EUR 12.251,13m. Estos registros superan a los de 2014 en número de operaciones (161 en 2014), aunque son inferiores en importe (EUR 21.436,12m en 2014).
Por su parte, se han registrado 304 transacciones de venture capital con un capital movilizado de EUR 1.053,12m, lo que supera ampliamente las 294 operaciones por importe de EUR 700,25m contabilizadas en 2014.
En el último trimestre del año se contabilizaron 70 operaciones de private equity por importe de EUR 4.786,89m, y 80 operaciones de venture capital por importe de EUR 207,68m.

Mercado de capitales
En el mercado de capitales español se han cerrado durante el año 2015 un total de 23 salidas a Bolsa y 32 ampliaciones de capital, con importes agregados de EUR 9.640,12m y EUR 16.638,62m respectivamente. De estas operaciones, cuatro ampliaciones de capital y siete salidas a Bolsa se produjeron en el último trimestre del año.
Transacción del trimestre
Para el cuarto trimestre de 2015, TTR ha seleccionado como transacción destacada la integración de UIL Holdings Corporation en el grupo Iberdrola, una operación valorada en aproximadamente EUR 2.747,83m. La transacción ha estado asesorada por la parte legal por Garrigues, Sullivan & Cromwell y Wiggin and Dana, y por la parte financiera por Morgan Stanley, Lazard y KPMG.

Entrevista con Rousaud Costas Duran (RCD)
El miembro fundador y socio director y responsable del Área Mercantil de RCD, Adolf Rousaud, ha comentado para TTR sobre el mercado transaccional español: “En 2015 hemos notado una mayor confianza en el mercado y más dinamismo en el ámbito de las fusiones”.
Ranking de asesores financieros y jurídicos
El informe publica los rankings de asesoramiento financiero y jurídico de 2015 de M&A, Private Equity y Mercado de capitales, donde se informa de la actividad de las firmas destacadas por número de transacciones y por importe de las mismas.

Para más información:
Daniel Hernández
TTR – Transactional Track Record
T (ES) +34 91 279 87 59
daniel.hernandez@ttrecord.com
www.TTRecord.com

TTR – Transactional Track Record es un servicio premium online de apoyo a las decisiones de inversores, empresarios y asesores. Incluye la mayor base de datos de transacciones del mercado hispano-portugués, así como el acceso a los detalles financieros de las empresas implicadas.