N+1, Mercapital Merger Creates Spain’s Biggest PE Firm

Law360, New York (July 10, 2012, 1:27 PM EDT) -- The private equity arm of Spanish investment bank N+1 and local buyout firm Mercapital will merge, the companies said Tuesday, in a move that will create a €1.7 billion ($2.1 billion) private equity portfolio, the largest in Spain.

The firms said they will begin raising a joint fund in 2013, when the transaction is expected to close, and will continue to operate separately until then. The combined group, to be called N+1 Mercapital, will manage investments for 26 clients, and will have annual revenue of about...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.