HE 54% of executives Spanish companies They guarantee that they will make alliances or acquisitions in the coming months.despite the current complex market context, where uncertainty is causing managers to further scrutinize the effects of corporate operations in their hands.
One in four executives (25%) compared to only 11% of companies that made acquisitions in 2022, according to KPMG’s “Spain M&A Perspectives 2023” report, conducted in collaboration with the CEOE.missing some purchases to support the growth of their business.
Half of the companies (50%) among the reasons for the acquisition or merger good luck”. Geographical expansion is the most important factor for 36% of companies, followed by the opening of new business lines and the consolidation of their markets, which is the primary motivation for 35% of companies (the main argument of 34%). The proportion of managers who participated in the survey).
Concerning entering new markets, there are many business people who prefer a ‘joint venture’ to achieve this goal, which is their initial motivation (for 69% of companies) when implementing this type of operation.
On behalf of Noelle Cajigas, Partner in Deal Consulting at KPMG in Spain, Investors continue to watch 2023 with suspicion, but everything indicates that the second half of the year will be a little more active. “The Spanish managers’ plans include resorting to mergers and acquisitions to achieve greater growth and diversification,” he said.
Jose A. Zarzalejos, partner in Corporate Finance at KPMG in Spain, said for his part that the private equity segment is seen as “more focused” on the investment and asset management of portfolio companies, given the higher risk. currently requires the creation of new platforms.
several disposals
On the other hand, uncertainty is causing valuations to correct, meaning very few business people (only 15%) are considering investing or selling in the coming months.
Despite this heThe sale of non-strategic assets is always one of the options considered to gain liquidity.is the main reason for such operations for 62% of businessmen.
Among the difficulties in continuing both acquisitions and mergers, 41% felt that the lack of good assets was the reason that could slow their movement.
in order, just %27 points to the difficulty of securing financing as the biggest challenge to closing transactions and just 5% still considering the impact of Covid-19 on this market.