CIE Automotive Launches Self-Takeover Bid With Cuatrecasas' Expertise
Deal News | Mar 26, 2025 | Iberian Lawyer
Cuatrecasas has successfully advised CIE Automotive on initiating a self-takeover by formulating a voluntary and partial tender offer for 9.6% of its share capital, amounting to a potential maximum of 278.9 million euros. This strategic financial maneuver is aimed at opening a liquidity window for CIE Automotive’s shareholders and improving the stock’s liquidity, potentially increasing its free float. The transaction, underpinned by Cuatrecasas' expertise in Spain's capital markets, was executed within a challenging time frame. Leading the advisory process at Cuatrecasas were lawyers José Ramón Berecibar, Santiago Bayo, Alejo Ortuño, and Juan Manuel Navajas, showcasing the firm's high-level service and sophistication.
Sectors
- Automotive Components Manufacturing
- Legal Advisory
- Capital Markets
Geography
- Spain – The transaction and advisory services are based in Spain, making this the relevant geographic context.
Industry
- Automotive Components Manufacturing – CIE Automotive is involved in the manufacture of automotive components, making this industry highly relevant.
- Legal Advisory – Cuatrecasas provided legal advice for the transaction, highlighting the role of legal services in capital markets and M&A activity.
- Capital Markets – The transaction involves opening a liquidity window and involves market considerations, placing it within the capital markets sector.
Financials
- 278.9 million euros – The maximum total amount for CIE Automotive's partial self-takeover bid of 9.6% of its share capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CIE Automotive | Target Company | Company | A business group specializing in the manufacture of automotive components, initiating a self-takeover bid. |
| Cuatrecasas | Legal Advisor | Company | A law firm advising CIE Automotive on the self-takeover bid, with expertise in capital markets. |
| José Ramón Berecibar | Lawyer | Person | Part of the Cuatrecasas legal team advising on the transaction. |
| Santiago Bayo | Lawyer | Person | Part of the Cuatrecasas legal team advising on the transaction. |
| Alejo Ortuño | Lawyer | Person | Part of the Cuatrecasas legal team advising on the transaction. |
| Juan Manuel Navajas | Lawyer | Person | Part of the Cuatrecasas legal team advising on the transaction. |