Carlos Federico Heredia Tapia, Francisco Fernandez Diez, Luis Fernandez Santos & Borja Martinez Corral

KPMG advises Sepi on a €111m financing transaction

KPMG Abogados has advised Sociedad Estatal de Participaciones Industriales (Sepi) on a €111m financing to Air Nostrum Group.

Air Nostrum is an airline that was founded in Valencia in 1994. It currently has more than 75,000 flights and 5.2 million passengers per year. It has an annual turnover of more than €500m and approximately 1,450 employees.

By this deal, Fondo Estatal de Apoyo a la Solvencia de las Empresas Estratégicas, through Sepi, has granted an equity loan for a total amount of €111m.

The team from KPMG advising Sepi was led by the partner, Luis Fernandez Santos (pictured bottom right) and Javier Lopez Crespo, as associate, both of the corporate-finance team of KPMG Abogado’s Madrid office, together with the director, Borja Martinez Corral (pictured bottom left), the partners, Carlos Federico Heredia Tapia (pictured top right), Francisco Fernandez Diez (pictured top left) and the senior manager, Ana Garriz Garcia-Santamarina, from the areas of public, tax and labour law.

Irina Wakstein