Company valuations are a useful tool in various situations:

• Sale and purchase transactions between shareholders of a company
• Shareholding reorganisations in corporate groups
• Exchange ratios in mergers
• Inheritances
• Tax reasons
• Preliminary step to a sale transaction

We conduct independent valuations of companies, businesses and business assets, based on their economic-financial projections, which we will have analysed previously or developed jointly with the companies.

English Sales Transactions
These transactions represent a key moment for sellers, who seek to capitalise on the accumulated value of their companies, often after years of effort. To achieve a successful closing, it is essential to identify and contact the right candidates (whether industrial or financial, both within and outside Spain), and have accurate knowledge of the market terms that best suit each company and sector.

Purchase Transactions
Companies increasingly opt for growth through strategic acquisitions, whether to expand their product or service offerings, access new geographic markets, innovate or integrate a competitor.

In these processes, it is crucial to have the right experience and resources in order to identify and access target companies. Our involvement in managing these operations brings with it professionalism and rigor and, consequently, instils confidence in the seller, ensuring a solid transparent negotiation.

Sometimes, companies face large projects or strategies the financial implications of which require specific financing, or even a comprehensive restructuring of their financial structure. This involves projecting capital needs and defining the instruments and amounts necessary to achieve strategic objectives.

Financing can take the form of equity or external resources and can be public or private.

Specifically, external financing has evolved significantly in recent years, expanding the variety of financing instruments that complement traditional financial institutions. Being aware of the characteristics and conditions of each option is key to accessing the most suitable ones.

We advise our clients on designing the best financing structure, and on searching for, negotiating and obtaining the necessary funds through:

• Capital Increases
• Participating Loans
• Mezzanine Debt
• Bank Debt
• Project Finance

We have extensive experience and knowledge of the following, among others:

• Venture Capital Funds
• Family Offices and Private Investors
• Public Entities
• Debt Funds and Financial Institutions

We can also complement these financial services with the necessary legal advice in order to implement and execute the corresponding operations.

English At Auren Corporate, we help our clients achieve comprehensive (financial and legal) solutions for their debt structure, managing complex processes and collaborating with multiple financial institutions that may start off from diverse initial positions.

Refinancing or debt restructuring processes are complex, with rules that have evolved in recent years, especially regarding legislation, specifically, the new bankruptcy law. These processes require specialised knowledge and an in-depth understanding of current sector dynamics. It is essential to have an expert financial advisor who is well aware of what the achievable objectives are, has direct access to financial institutions and is perceived to be a valid reliable interlocutor. The stages of these processes are as follows:

• Analysis and diagnosis of the company’s initial situation and its indebtedness
• Collaboration in the preparation of the business/viability plan
• Design of the refinancing proposal and presentation to the entities
• Negotiation with financial institutions and their advisors
• Closing of the operation

IBRs (Independent Business Review)
We are sometimes asked by companies or financial institutions to prepare these types of reports.

We have extensive experience in advising Venture Capital Funds (VCFs), understanding their needs at each stage: from supporting them in negotiations and technical analyses to financial modelling, as well as offering availability and flexibility in our responses. We also provide key assistance in preparing internal committees, facilitating the decision-making process.

Sales Transactions
We know how to structure these sales processes optimally, contacting and inviting the right candidates, whether industrial or financial. We take care of preparing detailed materials and generating the necessary competitive tension in order to optimise the fund’s exit conditions. We also assist fund members with preparing the necessary documentation for their internal committees.

We are part of the international network of specialised Corporate Finance firms, CFI, which allows us to have the best international coverage.

Transaction Financing
Our knowledge and experience in financing transactions encompasses not only the financial perspective of the Corporate area but also the legal perspective provided by our Auren Legal division. This comprehensive view allows us to advise throughout the entire process of structuring, negotiating and documenting the financial mechanisms needed in order to support any acquisitions or recapitalisations, optimising resources for any corporate transactions our client may wish to undertake (purchases or recaps).