Cuatrecasas has advised Banco Inversis, a subsidiary of Banca Marcha, on its investment in the Luxembourg-based Adepa Group.
Adepa specialises in investment asset management services and operates in Spain, Luxembourg, Italy and Chile.
Through this agreement, which is still subject to approval, Inversis will take a 40% stake in a special purpose vehicle in which Adepa will hold the remaining 60% of the capital.
The deal also includes the possibility for Inversis to acquire 100% of the Adepa Group within 7 years, as well as the concentration of all administration services provided to investment and pension fund management companies in Adepa’s Spanish subsidiary.
By this alliance, both firms will accelerate their international expansion plans by creating a unique business and service model in the financial sector.
The team from Cuatrecasas advising Banco Inversis was formed by the partner, Fernando Mínguez (pictured) and the lawyers, Carlota Tojo, Julián Ruan, Valentín García, Miguel Sánchez, Miguel Ángel Castaño, Mariano Núñez and Juan Gómez, from the Madrid office.