Deloitte advises on the acquisition of 25% of the concessionaire of the Autovía de los Viñedos motorway
Deloitte has advised Buenavista Equity Partners, specialised in infrastructure investment, on the acquisition of 25% of the concessionaire of the Autovía de los Viñedos motorway (CM-42) from Bestinver Infra. The remaining 75% belongs to Infra Invest Iberia, a vehicle managed by Meridiam, a European infrastructure fund manager.
The Autovía de los Viñedos (CM-42) is a 74.5 km shadow toll road connecting the municipalities of Consuegra (Toledo) and Tomelloso (Ciudad Real). It is a key axis in Castilla-La Mancha, serving the towns of Madridejos, Camuñas, Villafranca de los Caballeros, Herencia and Alcázar de San Juan, and connecting the city of Toledo with the A-43 motorway.
The road serves an area with a combined population of over 100,000 inhabitants. In 2024, 3 million vehicles travelled on it, 18% of which were heavy goods vehicles, underlining its importance for connecting the region and its productive fabric.
The concession was originally awarded in 2003 to a consortium led by Acciona, which set up Auvisa to manage the project. The company holds the rights to finance, operate and maintain the motorway until the end of the concession period in January 2033.
Advisors
Teams from Deloitte Legal and Transactions participated in the transaction, providing advice in line with the End-to-End M&A strategy. Specifically, the advice included financial, technical and traffic due diligence, legal, tax and labour advice, as well as legal advice on the sale and financing of the transaction.
The Transactions teams, led by Karolina Mlodzik (partner) and Antonio Castañeda Ruiz (partner), and the Deloitte Legal teams, led by Ignacio Echenagusia (partner) and Javier Pérez Olivares (partner), participated in this transaction.
Felipe Yannone Sierra (senior associate), Alberto Castilla (associate) and Nora Gorosabel Aranceta (associate) participated in the legal advice for the transaction. José Magán Ayuso (senior associate) and Pablo Muñoz Blázquez (associate) participated in the legal advice on financing.
Other members of the Deloitte team involved were Alvaro Fernandez Abaitua (manager) and David Parrilla Torres (assistant manager), in the preparation of the financial due diligence; Carlota Maestro (manager), in the traffic due diligence; Vasco Nunes (senior manager) in the technical due diligence; Alejandro Gil Miguel (senior associate) and Manuel Ramírez Ortega (associate) in the due diligence and tax structure; and Oihane Inchausti Olaeta (counsel) and Sandra Gómez (director) in the labour due diligence.
