Companies contemplating a sale or acquisition in the current business market need to understand that deal valuations and strategies that may have worked only a year ago are now totally outdated, says Fernando Torrente, cohead of corporate at Cuatrecasas.
Even in the midst of the current economic crisis, and fragility of many business sectors, with the right motivation deals can still be done, say Vanda Cascão and Sofia Barata of Vieira de Almeida (
Despite the collapse of highly leveraged private equity activity, start-up and venture capital investment remains active says Isabel Dutilh, managing partner of Dutilh Abogados in Madrid. But while investments rely much less on bank financing
The past few months may have seen Portuguese and Spanish investors freeze their international expansion, in line with uncertainty over company and asset values and finance availability, but the latter half of 2009 will likely see
Lessons from the past can help consortia prepare for future Portuguese projects, says Maria Castelos, partner in the PLMJ project team.
The Iberian deal market has seen a definite slow down in the scale of transactions, say lawyers, nonetheless opportunities remain for those that can adapt to the new environment.
The credit crunch has prompted not only a change in the relative power of vendors, purchasers and banks in transactions, but also the emphasis each is placing on the terms of deals, say partners Fernando
As the costs associated with a full takeover have risen so therefore has the emphasis on maximising interference, notably through access to a company Board, says João Vieira de Almeida, managing partner of Lisbon-based
Spain’s 2005 revision of its private equity law brought with it an increase not only in awareness among private equity houses (PEHs) of the benefits of the jurisdiction for fund formation but also an upturn
As the buyers of Portuguese transactional legal services become increasingly sophisticated, changes are evident in the expertise demanded of external legal advisers, says Dulce Franco, partner at AAA Advogados in Lisbon. Firms have therefore to
