CMS advises Libeen on the listing of its socimi

CMS Albiñana & Suárez de Lezo has advised Libeen, a Spanish company specialising in rent-to-own properties and invested in by Andbank and the German fund Cusp Capital, on the listing of its socimi on the Portfolio Stock Exchange.

To date, the company has reached a share capital of around €4.1 million, corresponding to the equity already invested, and plans to continue increasing this, given the company’s commitment to exceed €5 million in capital in the coming months. An investment of €25 million is expected in the coming months.

To achieve this objective, CMS Albiñana & Suárez de Lezo has designed a debt and contractual restructuring that has enabled various rounds of financing to be arranged. The operation was led by Alfonso Codes, partner in Public Law and Regulated Sectors, together with of counsel Carlos Peña and senior associate David Jódar, both from the Corporate/M&A area. Lawyers Alejandra Martín and Ana López, from the Corporate/M&A and Public Law areas, respectively, also participated in the advisory process.