Feliz año nuevo (fiscal)
17/01/2007. It promises to be a Happy New (Tax) Year for private equity investors active in Spain. Not only are investment conditions looking very strong - 2006 was an excellent year for buyouts, following a record breaking 2005 - but the beginning of this year also saw some significant tax changes, many of which will benefit the private equity industry.

Private equity in Spain
20/02/2006. Buy-out funds in Spain have never been busier, and the signs are that last year's boom is set to continue, says SJ Berwin. So it is timely that the industry has had a boost from a change to the law - widely sought by industry practitioners - aimed at stimulating even more activity in the Spanish market.

Spanish Transparency Act tightens up directors’ duties
05/10/2005. Whilst UK policymakers have increased the protection available to directors, there has been a trend in Spain to raise directors’ duties and liabilities, notes SJ Berwin's Spanish private equity team.

Analysing the opportunities available for private equity funds in the Spanish mid-market
20/10/2003. Private equity is likely to become the preferred financing alternative for non-quoted companies in Spain over the next few years, according to Felipe Oriol of Corpfin Capital.

Reform of Spanish takeover law
21/05/2003. Following a spate of high profile take over deals in Spain, in which the violation of anti-monopoly laws was only narrowly avoided, the Spanish parliament recently passed a resolution designed to increase the protection of minority shareholders. Freshfields Bruckhaus Deringer provides a detailed breakdown of the proposed reforms.

Private equity across Europe: the Spanish market
17/02/2003. The Spanish private equity market has grown substantially over the last four years. This growth has been reflected in the fact that numerous pan-European firms have opened offices there, hoping to take advantage of local deal flow. But Spain, like most other local markets, has its own way of structuring deals, argues Carlos Pazos of SJ Berwin's Madrid office.

Spanish tax
12/02/2003. The Spanish private equity industry has been attracting increasing attention amongst European players in recent months, with various large firms opening offices in the country. And, says SJ Berwin, a recent change in the law has made it easier for international private equity fund vehicles to do deals in Spain.

Venture Capital Entities in Spain
21/01/2003. Spain is set to be one of the most interesting markets in Western Europe over the next five years. In this overview of recent changes in the regulatory environment for venture capital entities, Maria Gracia Rubio of Baker & McKenzie's Madrid office highlights the different issues to watch out for.

2002 first semester Spanish private equity report
03/12/2002. According to José Martí of Web Capital Riesgo's latest report about private equity in Spain, total funds under management and investments decreased sharply in the first semester of 2002. The main figures are highlighted in the executive summary offered here.

Winning strategies for private equity in Spain
12/08/2002. The private equity market in Spain is raising its profile as it develops into a high-return market. If the market is to continue its success, however, it must learn a few lessons from the US model, says Jose Antonio Marco of Web Capital Riesgo. Only then can investors in the region fully understand and exploit the opportunities that are slowly evolving.

Private equity in Spain 2001
18/06/2002. The level of funding for Spanish private equity firms fell in 2001. They raised just E1bn, a 60 per cent drop from the E2.5bn figure recorded the year before, according to Jose Marti Pellon at the Universidad Complutense de Madrid in association with the Spanish Venture Capital Association and the European Venture Capital Association.

Leveraged buy-outs in Spain
12/02/2002. Legal and regulatory hurdles are often cited as the largest obstacle to growth of LBOs in Spain. But, argue Jose Maria Alvarez and Estibaliz Aranburu of Gomez Acebo & Pombo, other countries have managed to overcome similar hurdles. The main barrier must be cultural, they say, offering an outline of how Spanish LBOs may be structured.

Latest survey of private equity in Spain
09/01/2002. Total funds under management and investments rose in the first semester of 2001, according to José Marti's latest report about private equity in Spain. The main figures are highlighted in this executive summary.

Fund of funds take off in Spanish market
27/11/2001. The fund of funds market in Spain has experienced spectacular growth over the last few years, explains Paula Garrido of I&PE. This article offers an insight into how fund of funds in Spain can work for investors and discusses some of the regulatory issues surrounding this area of the Spanish market.

Private equity in Spain - 2001 update
25/09/2001. The Spanish private equity market continues to grow, following the record E2.35bn funds raised in 2000. The money now available should be enough to sustain increasing levels of investment throughout the next two years, according to this report by Professor Jose Marti of the University of Madrid.

View from Spain - an analysis of the Spanish market
25/09/2001. A comprehensive overview of the Spanish private equity market, analysing the future drivers for growth. In this presentation, Javier Loizaga of Mercapital provides an insight into the past development of the private equity market in Spain and how it will continue to develop into the future.

Private Equity Overview - Spain 2000
16/08/2001. Spain's private equity industry continues to prosper. New funds raised surpassed the E600m figure in 1998 and 1999 to E2.35bn in 2000. EVCA offers two explanations for this growth: a surge of investment in the internet and an interest in unquoted companies. However, there is still room for further growth as investments committed in 2000 represented only 0.2 per cent of GDP.

Private Equity in Spain 1999
29/05/2001. Spanish private equity is becoming increasingly important in the European market. Here, Jose Marti of the University of Madrid explains how the industry has evolved and looks at the current environment – from fund sources and investment patterns to exit opportunities.

Private equity overview - Spain 1999
29/05/2001. Spain's private equity market is continuing to thrive. Funds attracted more money from institutions – as opposed to government agencies – than ever before. This overview from EVCA provides background details and all the key market statistics.