As a leading provider of tax and legal advice to private equity firms, their managers and other industry players, Garrigues has assembled a team of expert professionals who are capable of serving all of the industry’s needs. In addition to extensive experience in due diligence processes, our services include:
Creation of private equity managers and fundraising: we offer advice on all tax and legal aspects of processes for the creation and authorization of private equity managers and the set up of all kinds of private equity firms and funds. We act on behalf of both management teams and investors, designing tax efficient structures to channel the management and performance fees (carried interest) of managers and the position of national and foreign investors. We provide services to all types of funds (private equity, real estate, infrastructure, funds of funds, etc.) investing in Spain, Portugal or in any other market.
Seed capital and start-up transactions by venture capital firms: we advise funds, sponsors and executives on these types of investment and divestment, negotiating and documenting the typical ratchet provisions, preferential rights and employee stock option plans and other characteristic features of such transactions, such as exiting investments by disposal to industrial operators or IPOs on alternative markets.
LBOs and MBOs: we act on behalf of sellers, purchasing funds, managers and financing banks in all types of leveraged acquisitions. We perform due diligence reviews, prepare documentation on the structure, and draft and negotiate the transaction agreements. We are particularly active in acquisitions of listed companies with a view to their subsequent delisting, successive purchases in specific industries, secondary sales between funds, IPOs and sales to industrial operators. We also act in acquisitions of and processes to restructure companies in distress. Our teams are based in the main offices of our extremely extensive Spanish and international network, thereby finding the best mix between specialist expertise and local market knowledge. The private equity group also works in close collaboration with our other industry specialists, thus ensuring optimum quality in the analysis and resolution of the problems and issues specific to each acquisition and to each investee.