Monthly M&A Insider - Mergermarket

Top deals
Top 15 Iberian announced deals for YTD March 2009
Iberia
Announced Status Target company Sector Bidder company Seller company Exit multiples (x) Bid premia
Revenue EBITDA P/E
1-day
before
21-Feb-09 P Endesa SA (25.01%
stake)
20-Feb-09 P Endesa SA (renewable
energy generation
assets)
31-Mar-09 P Compania Espanola de
Petroleos SA (32.5%
stake)
30-Jan-09 C Metrovacesa S.A.
(65.4% stake)
31-Mar-09 P Compania Espanola de
Petroleos SA (5% stake)
14-Jan-09 C Fomento de
Construcciones y
Contratas SA (3.4%
stake)
5-Jan-09 C Fomento de
Construcciones y
Contratas SA (3.4%
stake)
27-Feb-09 P Bami SA Inmobiliaria
de Construcciones y
Terrenos (49% stake)
12-Jan-09 C Cuarzo Producciones
SLC (51% stake)
Energy,
Mining &
Utilities
Energy,
Mining &
Utilities
Energy,
Mining &
Utilities
Deal
value
(€m)
Enel S.p.A. Acciona SA 2.6 8.2 5.9 68.5% 11,107
Acciona SA Endesa SA - 2,890
International
Petroleum Investment
Company
Real Estate Banco Bilbao Vizcaya
Argentaria SA; Banco
de Sabadell SA; Banco
Espanol de Credito
SA; Banco Popular
Espanol SA; Caja de
Ahorros y Monte de
Piedad de Madrid;
and Santander Central
Hispano SA
Energy,
Mining &
Utilities
Industrials &
Chemicals
Industrials &
Chemicals
21-Jan-09 C Alhama Solar, S.L Energy,
Mining &
Utilities
14-Mar-09 C Costa Salinas Apartment;
and Taburiente Playa
Hotel
11-Feb-09 C Self Bank SA Financial
Services
5-Feb-09 C Aseguramiento Tecnico
de Calidad SA
16-Jan-09 C Hospimar 2000 SL (31%
stake)
27-Feb-09 P Lisboa TV - Informacao
e Multimedia SA (40%
stake)
International
Petroleum Investment
Company
Royal Bank of
Scotland Group Plc
Santander Central
Hispano SA
32.1 4.8% 2,870
7.1 0.5 2,601
Union Fenosa SA 32.1 - 442
Inmobiliaria
Colonial SA
CALYON Inmobiliaria
Colonial SA
Real Estate SIF Espagne Joaquin Rivero;
and Juan Bautista
Soler (private
investors)
TMT Banijay Entertainment Ana Rosa
Quintana (private
investor)
Fotowatio S.L Solaria energia y
medio ambiente
s.l.
Leisure Nuevos Hoteles
Agrupados SL
Industrials &
Chemicals
Boursorama SA; and
La Caixa
Ahorro Corporacion
Desarrollo SGECR SA
Pharma,
Medical &
Biotech
TMT Sociedade
Independente de
Comunicacao SA
Corporacion H10
Hotels SL
Dinamia Capital
Privado SCR SA;
and N+1
0.4 130
0.3 130
- 108
- 50
- 43
- 41
n/a n/a - 39
- 28
Bancaja - 23
ZON Conteudos
- Actividades
de Televisao e
de Producao de
Conteudos S.A
- 20
C = Completed; P = Pending; L = Lapsed Source: mergermarket
Monthly M&A report – 161