01 · Corporate Finance

Comprehensive advisory on corporate transactions

We support entrepreneurs and investors through every stage of merger, acquisition, divestment and financing processes, with a focus on aligning interests, maximising value, and structuring and timing each process.

Divestment process

Sell-Side Mandate

(sell-side)

  • 01 We analyse the business in depth, identify the universe of potential investors, value the company, and define the value proposition and the optimal structure for the transaction.
  • 02 We prepare the transaction narrative and the sale materials to generate investor interest and maximise value for our client.
  • 03 We define the best-fit investors and the approach strategy, and we manage and support the management team through meetings and site visits.
  • 04 We receive and assess non-binding offers, negotiate terms, oversee and coordinate the due diligence phase and resolve investors' queries.
  • 05 We coordinate the final steps of the transaction, from signing the agreements and fulfilling the conditions precedent through to the effective closing of the deal.
Inorganic business growth

Buy-Side Mandate

(buy-side)

  • 01 Together with the client, we define the strategic rationale for the transaction, its fit with the client's vision and the operating framework of the mandate (strategy, timeline, deal structure and investment criteria).
  • 02 We analyse the market and the key value drivers, prioritising targets according to the defined criteria and scheduling outreach.
  • 03 We approach the selected targets, explain the project to them and request the information needed to identify and quantify the potential synergies and efficiencies that will create value.
  • 04 We present and negotiate the non-binding offers, sign an exclusivity period and coordinate the due diligence process.
  • 05 We review the due diligence findings and, where appropriate, present and negotiate the binding offer.
  • 06 We work with legal advisers on drafting the contracts, negotiate the terms and conditions and support the process through to signing before a notary.

Beyond M&A

Further transactions we advise on

Debt & financing

We design efficient debt and capital structure solutions aligned with our clients' financial needs and growth objectives, from sourcing financing to supporting distressed situations, including restructurings and refinancings.

Private Equity

We advise companies, shareholders and private equity funds on transactions where private capital can act as a growth driver, a liquidity route or an investment vehicle.

Investor search

We work alongside companies and shareholders to raise capital that funds growth plans, international expansion, acquisitions or new investment projects.

Areas of practice

Family businesses and SMEs

We advise owners of SMEs and family businesses on sales, equity partner entry or generational succession, with full respect for the company's history and culture.

Private equity funds

We manage acquisition, carve-out and divestment processes for investment funds, coordinating multidisciplinary teams and meeting the tight deadlines demanded in competitive processes.

Cross-border transactions

Experience in international transactions: we identify counterparties outside Spain, coordinate local advisers and manage the regulatory specificities of each jurisdiction.

MBO and MBI

We advise management teams on acquiring the company they run (MBO) or entering a new company as manager-investors (MBI), including structuring the financing.

Venture and growth

We support startups and growth companies in equity financing rounds, preparing the process, documentation and negotiation with institutional investors and family offices.

Mergers and demergers

We advise on business integration or separation transactions: synergy analysis, corporate structure, exchange ratio valuation and tax compliance throughout the process.

FAQs

Frequently asked questions

How long does an M&A process take?

A structured company sale process typically takes between 6 and 12 months, from the preparation of documentation to closing. The timeframe depends on the complexity of the transaction, the number of candidates in the process and negotiations with the counterparty. At ALS Value we manage the process so that the owner dedicates as little time as possible, without neglecting their business during the transaction.

How is my company valued before going to market?

Before going to market we carry out a reference valuation that defines a realistic price range and the value proposition for buyers. We apply recognised methodologies — discounted cash flow (DCF) and comparable transaction multiples in the sector — and adjust the result to the specific characteristics of the business, its management team and its growth prospects.

What is the information memorandum and what is it for?

The information memorandum (cuaderno de venta) is the main document presenting the company to potential buyers. It includes the business description, key figures, competitive positioning, management team and financial outlook. It is the basis on which candidates submit their offers and one of the factors that most influences the price achieved.

Do you charge a fixed fee or a success fee?

Our fee structure combines an initial retainer covering the preparation work and process launch, with a success fee linked to closing the transaction. This structure aligns our interests with those of the client: the better the outcome, the greater our remuneration. We tailor the terms to each transaction and agree them transparently from the outset.

Do you work only with Spanish companies?

No. Although most of our mandates originate in Spain, we have experience in cross-border transactions with European buyers and sellers, and we have a presence in Luxembourg to serve clients with international structures. We coordinate local advisers when the transaction requires it.

Do you guarantee confidentiality throughout the process?

Confidentiality is a non-negotiable principle in any M&A transaction. From the outset we control who receives what information and when. Potential buyers sign a non-disclosure agreement (NDA) before receiving any documentation, and we structure the process to minimise the seller's exposure in the market. If the process does not result in a transaction, sensitive information remains protected.

ALS Value

Tell us about your transaction. We respond with technical judgement and total confidentiality.

Let's discuss your transaction