Mergers & Acquisitions

Spain: An Attractive Destination for Foreign Venture Capital Funds

Spain is consolidating as an increasingly attractive destination for Venture Capital Funds. Economic stability, internal market consistency, and governmental support, among other factors, drive a constant growth in profitability for both national and foreign investors.

Key Clauses in Investment Rounds

In an investment round of a startup, the shareholders usually sign an investment and/or a shareholders’ agreement to establish the guidelines for their arising relationship. Although the specifics may differ based on each company and its shareholders, these agreements usually contain some key clauses. In this article, Carla Rissmann provides an explanation of the content and purpose of these clauses.

The Economic Unit: Fundamental Pillar in Partial Spin-offs

The economic unit encompasses the active and passive elements constituting a ‘company’ or ‘autonomous productive unit’ within the company. The transfer of an authentic economic unit is an essential requirement for partial spin-offs in Spain.

Key Issues and Clauses for Venture Capital Funds in Financing Rounds

Venture capital funds provide companies with the necessary liquidity for their growth and development, typically through a process known as a funding round. In these processes, it is essential to assess the key issues and contractual clauses that these entities must consider to ensure the success of their investments.

Differences between mergers and spin-offs in Spain

Merger and spin-offs of companies in Spain are two corporate restructuring operations. Law 3/2009 defines and differentiates each of these transactions, determining the procedure to follow for the proper execution in each case.

Global transfer of assets and liabilities in Spain

The global transfer of assets and liabilities is a type of corporate restructuring transaction that differs from similar operations in various ways, including its consideration. The straightforward nature of this procedure makes it a popular choice for companies seeking to transfer ownership or wind up their operations.

What are the buyer protection mechanisms in company acquisitions?

Due diligence and representations and warranties clauses allow the buyer to ensure that the seller has provided accurate information about the target company. Based on this information, the buyer can identify any risks involved in the transaction and establish a liability regime in the event of non-compliance.