Mergers and Acquisitions

The rationale of a business acquisition can answer to multiple reasons: growth, market share consolidation, break into new markets, widen the product range, vertical integration, obtain financial synergies, adapt to social, political and legal changes, etc.

Similarly, the sale of a business can be driven by different motivations. From family succession, diversification of assets and the search of new capital to shareholder issues.

Both processes require an expert and experienced advisor to maximize the deal success and reduce any existent risk. Proven experience, comprehensive multidisciplinary knowledge and a worldwide network confirms NORGESTION's reputable advice on any Corporate Finance transaction.

Year after year, NORGESTION, is among the most active advisory firms in Mergers and Acquisitions, boasting over 75 deals closed in recent years.

Finance by Private equity investors

Private equity investors provide financing to companies looking to grow.

NORGESTION advises companies searching equity financing by identifying potential investors, introducing the business to selected investors and defining the deal structure that bests defends our client's interests.

NORGESTION has been advising in private equity deals since the beginning of these kinds of transactions in Spain over 20 years ago.

Management buy-outs (MBOs) and management buy-ins (MBIs)

Both MBO'S, acquisition of a business by the company's existing managers and MBI's, acquisition of a business backed by an outside management team, are complex processes that require specialized advice to properly manage at the same time the interests of the management team on one hand and shareholders on the other.

These types of transactions are normally backed by private equity houses or private investors. NORGESTION has a strong record advising private equity backed deals, defining the business plan, designing the adequate financial structure, identifying potential investors, working closely with the management team to obtain the most favorable deal conditions and offering law and tax advisory in house.

Financial restructuring

NORGESTION has been playing an active roll in financial restructurings since its foundation in 1972. Many companies from various sectors and with different profiles have trusted in NORGESTION to restructure their balance sheets under down-turn situations or special corporate projects.

In these assignments, NORGESTION assesses the business situation, elaborates the business plan, defines a financial strategy based on this plan, deals with creditors and banks, defines refinancing agreements.

Business valuation and fairness opinion

Business valuation is typically provided as part of an M&A process but can also be offered as an independent service when there are disputes between shareholders, when a share issue is planned or if the company wants an internal reference of value.

NORGESTION has a proven record offering this service to companies, considering the peculiarities of each business and consequently using the most suitable valuation method.

Due diligence coordination

In any M&A process, when an investor or acquirer is interested in buying a business and after signing of a "letter of intent", the due diligence process starts, to confirm the reliability of the information provided by the sellers.

The main objective of a due diligence process is to minimize the risk of an M&A transaction by identifying any contingencies and hidden liabilities in the business acquired. A due diligence process not only applies to the company's financials but also to operating aspects of the business, professionalism of the board, tax and legal compliance, ..

NORGESTION can coordinate any due diligence, defining its scope and best way to approach the process.