Thursday, 10 June 2021 10:30

Three law firms advise on Aurica´s acquisition of a stake in Babel

Garrigues and EY Abogados have counselled Aurica on its investment in the digital consultancy Babel, while the sellers were advised by Alemany, Escalona & de Fuentes Abogados

Aurica has taken a minority stake in the capital of Babel, a company that Rafael López Clapés runs as CEO. The purpose of this investment is to accelerate both the organic and inorganic growth of a company that is already present in Spain, Portugal, Morocco, Mexico and the United States through its nine offices and a team of over 1,500 professionals, and, at the same time, to gain provide some liquidity to its shareholders.

Babel is a Spanish consultancy (Madrid-based) whose mission is to advise companies in their digitisation process, being its specialities Big Data, Transformación Digital, Agile, Blockchain, Microsoft, Soluciones Sectoriales, UX/UI, DevOps, Low Code, Mobile Services and SAP.

Aurica, owned by Ferran Conti, Ramón Mase and Iván Plaza with Sabadell having a minority stake, completes with this operation its third Private Equity fund, which was endowed with €200 million and announced itself as specialized in taking minority stakes in growing companies.

Aurica Capital's senior partner, Iván Plaza, has highlighted that Babel is "a great addition" to its portfolio as "the type of disruptive and resilient company that will have a solid performance in the post-Covid-19 world." Babel's CEO, Rafael López, said that: "The entry of Aurica Capital as a shareholder will boost the company's development."

Garrigues advised Aurica with a Barcelona office team led by Commercial partner Laura Muñoz (pictured left) and associate German Puente. On the other hand, EY Abogados assisted Aurica with the Legal Due Diligence with a Barcelona office M&A/Corporate team led by partner Simeon Garcia Nieto (pictured centre) and senior associate Silvia Rafols Romero.

From the sellers side the law firm advising was Alemany, Escalona & de Fuentes Abogados, with a team was led by partner Antonio Conde (pictured right) and also involved associate Miguel López-Angulo.

Iberian Lawyer
N.105 • June 2021

IL98 cover SP IL94 cover EN

The Latin American Lawyer
N.19 • May - June 2021

IL98 cover SP IL94 cover EN

IpTmtAwardsSpain 2021 300x100 finalists 1

IL LatamAwards STD 300x100 1

IL LatamAwards STD 300x100 1

IL LatamAwards STD 300x100 1

IL LatamAwards STD 300x100 1

IL LatamAwards STD 300x100 1

IL LatamAwards STD 300x100 1

IL LatamAwards STD 300x100 1

IL LatamAwards STD 300x100 1

IL LabourAwardsPT 300x100 Finalists3

This website uses cookies

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on the IberianLawyer website. However, you can change your cookie settings at any time. Learn more

I agree

What do I need to know about cookies?

A cookie is a small text file that’s stored on your computer or mobile device when you visit a website. We use them to:

  • Remember your preferences
  • Tailor our sites to your interests.

There are different types of cookies

First party cookies

These are set by the website you’re visiting. And only that website can read them.  In addition, a website might use a separate company to analyse how people are using their site. And this separate company will set their own cookie to do this.

Third party cookies

These are set by someone other than the owner of the website you’re visiting. 

Some IberianLawyer web pages may also contain content from other sites like Vimeo or Flickr, which may set their own cookies. Also, if you Share a link to a IberianLawyer page, the service you share it on (e.g. Facebook) may set a cookie on your browser.

The IberianLawyer has no control over third party cookies.

Advertising cookies

Some websites use advertising networks to show you specially targeted adverts when you visit. These networks may also be able to track your browsing across different sites.

IberianLawyer site do use advertising cookies but they won’t track your browsing outside the IberianLawyer.

Session cookies

These are stored while you’re browsing. They get deleted from your device when you close your browser e.g. Internet Explorer or Safari.

Persistent cookies

These are saved on your computer. So they don’t get deleted when you close your browser.

We use persistent cookies when we need to know who you are for more than one browsing session. For example, we use them to remember your preferences for the next time you visit.

Other tracking technologies

Some sites use things like web beacons, clear GIFs, page tags and web bugs to understand how people are using them and target advertising at people.

They usually take the form of a small, transparent image, which is embedded in a web page or email. They work with cookies and capture data like your IP address, when you viewed the page or email, what device you were using and where you were.

How does the Iberian Lawyer use cookies?

We use different types of cookies for different things, such as:

  • Analysing how you use the IberianLawyer
  • Giving you a better, more personalised experience
  • Recognising when you’ve signed in

Strictly Necessary cookies

These cookies let you use all the different parts of Iberian Lawyer. Without them services that you have asked for cannot be provided.

Some examples of how we use these cookies are:

  • Signing into the IberianLawyer
  • Remembering previous actions such as text entered into a registration form when navigating back to a page in the same session
  • Remembering security settings which restrict access to certain content.

Performance cookies

These help us understand how people are using the IberianLawyer online, so we can make it better. And they let us try out different ideas.
We sometimes get other companies to analyse how people are using the IberianLawyer online. These companies may set their own performance cookies You can opt out of these cookies here.Some examples of how we use these cookies are:

  • To collect information about which web pages visitors go to most often so we can improve the online experience
  • Error management to make sure that the website is working properly
  • Testing designs to help improve the look and feel of the website.
Cookie nameWhat it's for
Google DoubleClick The IberianLawyer uses Google DoubleClick to measure the effectiveness of its online marketing campaigns.Opt-out of DoubleClick cookies
Google Analytics From time to time some IberianLawyer online services, including mobile apps, use Google Analytics. This is a web analytics service provided by Google, Inc. Google Analytics sets a cookie in order to evaluate use of those services and compile a report for us.Opt-out of Google Analytics cookies