The Spanish Private Debt Market
Rafael Calvo and Nicolas Escribano discuss the Spanish Private Debt market and MV Credit’s leading role in some of Spain’s most recent deals
A particularity of the Spanish LBO market, “the size of Companies that we like at MV Credit which we define as the European ‘mid cap’ market (EBITDAs of €25m to €100m), is considered ‘large cap’ in Spain. We have been very successful in originating new opportunities in this space and will continue supporting our sponsors relationships in this attractive market.”
MV Credit funds recently completed the following transactions in Spain:
- Sole arrangers in the Second Lien backing Permira’s buyout of Universidad Europea, operator of higher education centres in Spain and Portugal.
- Sole arrangers in the Second Lien backing BC Partners’s buyout of Pronovias, global leader in wedding and party dress wear.
- Sole investor in the Incremental Term Loan B facility backing LGAM’s portfolio company Grupo BC’s acquisition of Qipert, both being leading outsourcing service providers for banks in Iberia and Latam.
- Participated in the Term Loan Bs of multiple other Spanish LBOs, including: Accelya, Dorna, Iberchem, Planasa, Monbake and Memora.