Broseta advises Aresol on Miriad Global stake
Broseta has advised Riojan renewable energy company Aresol and Fundación Funditec on Aresol’s acquisition of a 5% stake in Miriad Global, an industrial defense group specialized in ground and aerial drones and interceptor missiles. Aresol is owned by brothers Joaquín Sáenz and Raúl Sáenz.
The transaction marks Aresol’s entry into the defense sector, which is growing on the back of higher public and private investment, both domestically and internationally.
The deal also provides for the creation of an investment vehicle with a target size of €100 million, earmarked for defense projects. It will be structured through Renertia Investment, the energy-focused fund manager of the Sáenz brothers.
The team
Broseta’s M&A team led the transaction. It comprised Partner Rubén Aísa, Director Catalina Smith, Associate María Fernández and Lawyer María Carracedo.
