Saturday, December 2, 2023

Law firm trio advice on minority stake acquisition in Altamar by Permira

KPMG Abogados and Linklaters have assisted Permira with the acquisition of a 40% stake in AltamarCam, legally advised by Clifford Chance


AltamarCam is considered the largest private independent funds manager firm in Spain, with a portfolio of assets under management valued at around €18 billion.

The capital contributed by Permira Growth Opportunities II replaces almost the entire position of the current financial shareholders, as well as a small stake in the shareholding of some of the executive shareholders. The transaction is expected to be completed by the end of 2023. AltamarCAM Partners is a global investment manager focused on private market investments, which has more than €18 billion in assets committed by investors. With offices in Madrid, Cologne, Barcelona, New York, London, Santiago de Chile, and Munich and a team of more than 250 people, AltamarCAM Partners also provides independent investment banking and merchant banking services and direct and efficient access to funds from a selection of international managers.

María Sanz, Partner – Chief Legal Officer at AltamarCAM Partners, said: “The Clifford Chance team handled professionally all legal aspects throughout the project and made us feel at ease with full commitment and excellent delivery under a tight timetable. They also adapted well to AltamarCAM Partners’ specific standards, which we greatly appreciated.”

KPMG Abogados has assisted the British global investment firm Permira with the Tax side of the acquisition with a team formed by partner Pedro Ruiz and senior manager Jesús Casado.

From left to right, starting from the top: Javier Amantegui, Ildefonso Alier, Carme Briera, Begoña Barrantes, Patricia Puertas, Beatriz Melo and María Viñas

The Clifford Chance team advising certain shareholders of AltamarCAM Partners on the transaction was led by Madrid M&A Private Equity partner Javier Amantegui and supported by senior associates Patricia Puertas, Beatriz Melo and María Viñas. The team also comprised other members, including partner Ildefonso Alier (Funds & Investment Management), senior counsel Carme Briera (Regulatory) and counsel Begoña Barrantes (Antitrust).

Linklaters’ team advising Permira was led by Carmen Burgos (pictured), together with Bárbara Victoria González Gutiérrez, Gonzalo Díaz Monreal, Jose Buigues and Laura Plana Ventura.

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