A&M Capital Europe's majority investment in Ayesa
Arias, Fábrega & Fábrega has advised A&M Capital Europe, a London-based private equity firm, with the Panamanian matters related to the acquisition of a majority stake in Ayesa, an international provider of technology and engineering services.
ARIFA has also advised Ayesa with the Panamanian aspects related to the transaction, including an extensive due diligence review of the corporate, intellectual property and employment matters and the commercial contracts related to the ongoing operations of Ayesa in Panama. Such review included assessment with respect to the public procurement contracts and issues arising in connection with the proposed transaction. Headquartered in Seville, Ayesa has 5,400 employees in 17 countries across Europe, Latin America, Asia and the Middle East.
Ayesa generated record sales of EUR256 million in 2020. Through a combination of European market consolidation within digital services and continued expansion of the firm’s engineering division, Ayesa plans to double its turnover to over EUR500 million over the next five years. The delivery of the company’s growth plans will be led by current CEO, José Luis Manzanares Abásolo, with the support of his global management team, in close partnership with A&M Capital Europe.
This partnership with A&M Capital Europe will enable Ayesa to consolidate its positioning as a provider of digital services and to reach its full potential in emerging technologies such as artificial intelligence, big data, data analytics, cybersecurity and cloud computing, amongst others. It will also accelerate the growth of its engineering business, which is recognised internationally for its leadership in areas such as urban transport and water supply, as well as its geographical diversification strategy.