The value moved in Portugal in the business of mergers and acquisitions of companies soared 273% in January, when compared to the same month of 2019. In only one month, the transactions that had the amounts disclosed totaled 2,6 billion euros, according to the data released this Thursday by the international directory Transactional Track Record (TTR).

Of these more than 2 billion euros, 800 million euros are linked to investments made by private equity funds and 13 million euros to venture capital funds.

The purchase of OMTEL by the Spanish Cellnex Telecom, for 800 million euros, was the transaction that stood out in January. The business in question had the legal and financial advice of Vieira de Almeida (VdA), SRS Advogados, Gómez-Acebo & Pombo, Uría Menéndez - Proença de Carvalho and Linklaters, PwC, Santander Corporate Investment Banking and Lazard.

“Within the scope of operations cross-border inbound [of foreign investors and foreign investments by Portuguese companies], in which foreign companies invested in companies based in Portugal, Spanish companies were the protagonists in 2019, however 2020 started with French companies leading, with two transactions targeting companies Coverflex and Frula

Source: O Jornal Económico - Portugal