Eversheds Sutherland advises on three deals in Spain
Eversheds Sutherland has started December with advisory roles in three transactions involving the automotive, infrastructure and technology sectors in Spain.
The firm advised Cox Automotive on the acquisition of the 50% stake held by Bergé in Manheim Directo, the joint venture the two companies had created in Spain. With this deal, Cox Automotive now owns 100% of the company, which specialises in digital and mobile vehicle auctions, as well as fleet management and inspection services for OEMs, fleet operators and finance companies. The corporate team involved in this deal included partner Juan E. Díaz, of counsel David Williams, legal director María Ramalle and lawyer Ana Orihuela.
Eversheds Sutherland also supported Colliers on its acquisition of a controlling interest in Astris Infrastructure LLC, a global investment banking firm focused on infrastructure and energy transition. While the transaction was led by the firm’s US office, due diligence outside the US was coordinated by Eversheds Sutherland UK, with the Spanish team advising on the local legal aspects. The corporate team involved partner Carlos Pemán, David Williams and lawyer Mercedes Olmedo.
In a third mandate, the firm advised Arcwide, the joint venture between BearingPoint and IFS, on its acquisition of Cedar Bay Ibérica, a Spanish provider of enterprise solutions specialised in IFS software. The shares were purchased from founders Gustavo Brito and Luis Llopis. The deal was handled by a multidisciplinary team including corporate lawyers Carlos Pemán, David Williams and lawyer Clara Calzado, along with associate Javier Juan from the public law team.
On the picture, Juan E. Díaz and Carlos Pemán.
