Mergermarket Private Equity and M&A Forum Spain

Mandarin Oriental Ritz, Madrid

04 Jun

Panel: Iberian leveraged finance and private credit trends

Leveraged finance activity in Spain, particularly related to M&A and LBOs decreased significantly in 2023 due to the depressed deal activity seen in the region and a risk averse approach by banks. Banks have been cautious about financing new deals, with many reducing exposure to debt as syndication has become more challenging with investors demanding higher discounts and showing a reluctance to non-investment grade paper. However, the cautious approach of mainstream banks has created opportunities for international banks and private debt funds. Chinese banks have shown interest in buying portions of loans that would have otherwise been syndicated. Panellists will discuss: 

  • With the slowdown in M&A activity and risk-averse behaviour among banks, how can companies seeking leveraged finance adapt their strategies to secure funding for growth or acquisitions in Spain? 
  • What factors are driving tighter lending conditions? How can companies mitigate the challenges posed by these conditions? What advantages do alternative lenders offer? 
  • How can businesses leverage private credit funds? What implication does the international interest in Spanish assets have on the landscape and how might it impact competition and lending practices in the region?
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  • Speakers keyboard_arrow_down
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    Miguel González Moyano Partner, Co-Head of Senior Debt Oquendo Capital Bio
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    Alonso Torre de Silva Managing Director, Madrid Ares Asset Management Bio
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    Nicolas Escribano Sanchez Director MV Private Credit Partners Bio
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    Jose Maria Martinez de Haro Senior Advisor, European Private Credit Carlyle Bio
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    Alfredo Barona Partner, Corporate & Finance Hogan Lovells Bio