Bank of Ireland opens leveraged acquisition finance office in Madrid – Leaders League

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The new office will focus on supporting domestic and international private equity sponsors with financing in the region.

Bank of Ireland said the opening of the office in Spain “reflected the continued growth of leveraged buyouts in the region, where Bank of Ireland already has a positive track record”.

Beltran Paredes (pictured) has been appointed head of the new office – which is located in Calle José Ortega y Gasset, in the Salamanca district of Madrid – and the Spanish team will complement teams in Dublin, London, Paris and Frankfurt in “addressing the financing needs of private equity clients across Europe,” a Bank of Ireland statement said. It added that the team will also work on transatlantic transactions in conjunction with US colleagues in Stamford, Connecticut and Chicago.

Francesca McDonagh, Bank of Ireland group chief executive said: “Madrid is an important strategic location for us and we are pleased to announce our new office and team. We have seen increased activity in the Spanish market in recent years and having a local team on the ground reinforces our support for this market. I have no doubt that our team here will enjoy continued success as we further establish ourselves, support our clients and grow the business.”

Peter Mullen, global head of leveraged acquisition finance at Bank of Ireland corporate banking said: “Our leveraged acquisition finance team has a wealth of experience in supporting private equity firms across all sectors in the market. Having staff of the calibre of Beltran and his team to manage our growing operation in Spain is a strong demonstration of our commitment to the local market. The new Madrid office also complements our existing office network and demonstrates our continuing commitment to the wider European leveraged acquisition finance market.”

 

Bank of Ireland has acted as mandated lead arranger (MLA) on several major deals in Spain in 2019, including:
 

–        Intermediate Capital Group’s buyout of business process outsourcing specialist Grupo Konecta

–        the buyout by MCH Private Equity of leading Spanish food producer Grupo Palacios Alimentación

–        EQT’s buyout of global women’s health and reproductive genetic services specialist Igenomix

–        joint MLA of the Super Senior RCF facility supporting Advent International’s buyout of leading Spanish dental clinics group Vitaldent

–       MLA, and sole TLB (term loan B arranger), on the refinancing of Investcorp’s portfolio business Agromillora, a leading developer and distributor of high yielding plants and trees.

 

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