Dentons with Adepa Global in the jv with Inversis

Dentons has advised Adepa Global Services on a joint venture with Banco Inversis (“Inversis”), whereby Inversis will invest to have an interest in a new entity in which Adepa will contribute part of its business and assets.

The wholesale investment bank, owned by Banca March, has acquired 40% of the Luxembourg group Adepa through the purchase of the aforementioned minority stake from its controlling shareholder and the subscription of new shares via capital increase. The agreement is conditional on the approval of the Luxembourg supervisor (CSSF).

The acquisition includes the option for Inversis to take 100% control of Adepa within seven years

It was a cross border deal which involved lawyers from Spain, Italy and Luxembourg. In Spain the team was led by partners Jesús Durán (pictured left) and Fernando Gutierrez (pictured right) with the assistance of associates Jorge Carmona and Álvaro Barturen.