Gómez-Acebo Pombo and Gold Abogados instructed on Busining deal

Private equity firm Sherpa Capital was advised by Gomez-Acebo & Pombo on the acquisition of a majority stake in Spanish co-working space provider Busining.

Gold Abogados advised Busining on the transaction.

Sherpa Capital will fund a €20 million expansion plan aimed at turning Busining into the “co-working spaces operator with the largest presence nationwide”, according to sources.

Sherpa Capital will own a majority stake in Busining, while founder Óscar García Toledo will continue as general manager of the company and will retain a “significant stake”, a statement said.

Haya Capital has also taken a minority stake in Busining.

Busining currently offers more than 12,000 square metres of workspace in five locations in Madrid.

Co-working office space in cities such as Madrid and Barcelona, currently accounts for between 0.5 per cent and 1 per cent of the total office stock, but industry sources anticipate this will increase to 10 per cent in the medium term.

 

Gómez-Acebo Pombo and Gold Abogados instructed on Busining deal

Ben Cook

iberianlawyer.com

Iberian Lawyer, is a monthly digital magazine, published by LC Publishing, available in Spanish and English. It represents the main source of information in the legal business sector in Spain and Portugal. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website www.lcpublishinggroup.com

Iberian Lawyer
Registered office: C/ Manuel Silvela, 8 - Oficinas 1 Dcha 28010 Madrid España

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram