This unit provides financial advice on operations such as mergers, acquisitions and sales of companies and assets.
BBVA has consolidated its position as leading financial adviser in the Spanish mergers and acquisitions (M&A) market, with a total of 76 deals since 2009, according to Thomson Reuters. The following are some of the most important deals in 2013: the sale by CEPSA of 5% of CLH to Ardian; the sale of the stake held by FCC in Proactiva Medioambiente to Veolia Environment; and the advice given to the Board of Directors of Vueling in relation to IAG’s takeover bid.
BBVA also plans to replicate in Latin America the success of the Corporate Finance unit in the Spanish market and has reinforced its teams in the region in recent years. Of the operations carried out in 2013 in Latin America, the following are particularly worth highlighting: the acquisition of 50% of Office Depot by Grupo Gigante and the sale by ICA of 18.7% of the RCO network of toll roads to various Goldman Sachs funds. BBVA has also positioned itself as a benchmark in the Mexican M&A market and has just been named “Best Investment Bank in Mexico in 2013” by LatinFinance.
Main Corporate Finance transactions in 2013
