Best Acquisition / Leveraged Finance Lawyers in Arona

1. About Acquisition / Leveraged Finance Law in Arona, Spain

Acquisition and leveraged finance involve funding large business purchases using a combination of debt and equity. In Arona, a municipality on Tenerife in the Canary Islands, these transactions typically involve syndicated loans, asset or share acquisitions, and sometimes mezzanine financing. Spanish law governs the structure, security, and enforcement of these deals through national statutes and regional considerations specific to the Canary Islands.

In practice, a lawyer in this field helps with deal structuring, due diligence, negotiating term sheets, drafting financing and security documents, regulatory compliance, and post-closing integration. The local context in Arona includes cross-border aspects, tax considerations unique to the Canary Islands, and alignment with Spain-wide corporate and securities law. An experienced solicitor can ensure that the financing aligns with the target’s corporate structure and with applicable Canary Islands and Spanish law.

2. Why You May Need a Lawyer

When seeking acquisition or leveraged finance in Arona, you may encounter specific, concrete situations where legal counsel is essential. Below are real-world examples tied to the Arona context.

• A local SME in Arona plans a leveraged buyout funded by a syndicated loan. You need counsel to structure the SPV, negotiate the debt facilities, and tailor a security package including hypoteca, prenda, and personal guarantees where applicable.
• A purchaser intends to acquire a Canarian target with multiple creditors. You require a lawyer to coordinate intercreditor agreements, waterfall provisions, and debt syndicate documentation to ensure enforceability in Spain and regional courts.
• A fundraising round involves issuing notes or mezzanine debt alongside senior facilities. Legal counsel must draft subscription agreements, intercreditor arrangements, and ensure compliance with the Spanish Securities Market Law (LMV) and related regulations.
• The target company in Arona has complex ownership through Spanish and Canarian entities. You need due diligence on corporate structure, related-party transactions, and potential regulatory exposure before signing a term sheet.
• You are negotiating a cross-border acquisition with lenders in other EU jurisdictions. A lawyer will coordinate cross-border financing documents, language of contracts, and applicable governing law and dispute resolution provisions.
• Considerations around the Canary Islands tax regime for financing structures. A legal adviser can identify VAT, IGIC, and ZEC implications and how they affect the overall cost of capital and post-close planning.

3. Local Laws Overview

These laws and regulations form the backbone of Acquisition and Leveraged Finance in Arona. They are applicable across Spain and are enforced with local adaptation in the Canary Islands.

Ley de Sociedades de Capital (Royal Legislative Decree 1/2010, de 2 de julio)

This is the core framework for corporate governance, capital management, and corporate reorganizations in Spain. It governs the formation of companies, board duties, capital increases, and liability for directors. It is especially relevant for structuring leveraged acquisitions through Spanish SPVs and for defining rights and remedies among shareholders and lenders.

Real Decreto Legislativo 4/2015, de 23 de octubre, por el que se aprueba el texto refundido de la Ley del Mercado de Valores

The consolidated Securities Market Law regulates the issuance of securities, public offerings, market conduct, and supervision by authorities such as the CNMV. It is key when financing involves equity-linked instruments, convertible debt, or public debt instruments tied to an acquisition. This law sets disclosure standards, liability for misrepresentation, and market transparency requirements.

Ley 22/2003, de 9 de julio, Concursal (reformas recientes)

The Insolvency Law provides the framework for debtor protection and creditor rights in Spain. It governs insolvency proceedings, restructurings, and escape clauses for failed investments. In 2022 and 2023, reforms aimed to accelerate procedures and facilitate restructurings-relevant for leveraged finance portfolios and post-closing risk management in Arona and Canary Islands companies.

"The consolidated framework for corporate finance includes corporate governance rules, securities regulation, and insolvency procedures that are central to acquisition financing in Spain."

"European-level supervision and harmonized disclosure standards impact how leveraged finance and cross-border securities offerings are conducted within member states, including Spain."

4. Frequently Asked Questions

5. Additional Resources

The following official sources provide authoritative information on acquisition and leveraged finance in Spain and the Canary Islands.

• Boletín Oficial del Estado (BOE) - official publication of Spanish law
• European Securities and Markets Authority (ESMA) - European regulatory guidance
• Gobierno de Canarias - regional government information and guidance
• Banco de España - banking supervision and financial stability
• Comisión Nacional del Mercado de Valores (CNMV) - Spanish securities regulator
• European Union - unified market framework and cross-border considerations

6. Next Steps

1. Define deal scope and goals. Clarify target, financing size, and expected closing timeline within 2 weeks.
2. Identify local and cross-border lenders. Gather term sheets and initial covenants for comparison within 3 weeks.
3. Engage a dedicated Acquisition / Leveraged Finance solicitor in Arona. Obtain a written engagement letter and outline deliverables within 1 week.
4. Commission due diligence with your legal counsel. Ensure corporate, contractual, tax, and regulatory diligence within 4-6 weeks.
5. Draft and negotiate term sheet and initial credit agreement. Align security packages and intercreditor arrangements within 2-3 weeks.
6. Address regulatory and tax considerations (IGIC, potential ZEC incentives). Obtain preliminary regional guidance within 2 weeks.
7. Close the deal and implement post-close governance. Confirm all filings and registrations within 1-3 weeks after signing.