Deudafix Secures €25M Financing Deal with BBVA Spark
Deal News | Mar 27, 2025 | Iberian Lawyer
Deudafix, a specialist in mediation and debt cancellation services under the Second Chance Law in Spain, has secured a significant financial agreement with BBVA Spark for €25 million. This financing, comprising a Term Loan and a Revolving Credit Facility, allows Deudafix to scale its operations and reinforce its leadership in providing financial relief to economically vulnerable individuals. The deal underpins Deudafix's strategic goal of expansion and innovation within the financial sector. Cases & Lacambra provided legal counsel to Deudafix with a team led by partners and associates specializing in financial services and corporate M&A. BBVA Spark was advised by DLA Piper, which also assembled a team of partners and associates to assist in negotiating the agreement.
Sectors
- Financial Services
- Legal Advisory
Geography
- Spain – Deudafix operates under the Second Chance Law in Spain, and the agreement involves Spanish legal firms.
Industry
- Financial Services – The article discusses a financing agreement involving companies providing financial products and services.
- Legal Advisory – Legal firms are key participants in advising the financing agreement.
Financials
- €25 million – Total value of the financing agreement between Deudafix and BBVA Spark.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Deudafix | Target | Company | A company specializing in mediation and debt cancellation services under Spain’s Second Chance Law. |
| BBVA Spark | Bidding Companybuyer | Company | A financial services provider entering into a financing agreement with Deudafix. |
| Cases & Lacambra | Legal Advisor | Company | Provided legal advice to Deudafix for the financing agreement. |
| DLA Piper | Legal Advisor | Company | Provided legal advice to BBVA Spark in the transaction. |