Distressed M&A Transaction (Spain)

Published in Thomson Reuters

A Practice Note analysing the main aspects regarding the undertaking of a merger and acquisition (M&A) transaction in Spain with a target entity under financial distress.

The legal considerations of a distressed merger and acquisition (M&A) transaction necessarily vary depending on the level of distress suffered by the relevant target, which is a consequence of its shortfall in liquidity to pay off its current debts. Targets of these transactions are gradually running out of breathing space. The distressed transaction may occur during different stages of this timeline of progressive deterioration.

This article first appeared in Practical Law, and is reproduced by kind permission of the publication.

Update dated 23/02/2024 of the article originally published on 12/05/2022. Article published in Thomson Reuters Practical Law.