Spanish asset management and investment banking firm Alantra will combine with London-based Catalyst in a deal worth £30m, it was confirmed last night.
Global advisory business Catalyst will rebrand to be called Alantra UK and be driven by existing Catalyst partners, 15 of whom are taking a shareholding in the combined group.
The move, which is subject to the approval of both the FCA and Alantra’s shareholders, extends the Spanish Stock Exchange-listed company’s London footprint. The group said this will allow it greater reach into the financial investor community.
Santiago Eguidazu, executive chairman at Alantra said: “The UK is the most important M&A market in Europe and, as such, for a number of years we have had the strategic target to strengthen our M&A and debt presence in the country.”
Catalyst has advised on deals such as the sale of Addison Lee to Carlyle and KKR’s £325m buyout of Travelopia from TUI.
Following this transaction, the combined Alantra Group will be present in 21 countries.