A&M Capital Europe takes stake in Ayesa

Posted Monday, October 18th 2021
A&M Capital Europe takes stake in Ayesa

A&M Capital Europe (AMCE) has acquired a stake in Ayesa, an international provider of technology and engineering services. The objective of AMCE's investment is to create a leading Spanish group in digital services, doubling its turnover to EUR500m in five years.

Ayesa is a provider of technological services and one of the largest engineering companies in the world. Headquartered in Seville, the firm has a presence in 17 countries in Latin America, Europe, Asia and the Middle East. In 2020, it recorded EUR256m in sales and a staff of 5,400 professionals globally.

Ayesa used DC Advisory as financial advisor and Cuatrecasas as legal advisor. AMCE used JB Capital as financial advisor, with Houlihan Lokey as debt advisor and Pérez-Llorca and Weil, Gotshal & Manges as legal advisors.

The deal will allow Ayesa to strengthen itself as a digital services platform and exploit its potential in emerging technologies such as artificial intelligence, big data, data analysis, cybersecurity and cloud computing, among others. The investment will also promote the growth of the engineering business.

According to the agreement with AMCE, José Luis Manzanares Abásolo, the current CEO, will continue to lead the company with his same management team.