Inocsa Secures €2,277 Million Financing for GCO Takeover Bid
Deal News | Jun 16, 2025 | Iberian Lawyer
Inocsa has successfully secured approximately €2,277 million in financing for its voluntary takeover bid to acquire the 37.97% of Grupo Catalana Occidente it doesn't yet own. The financing arrangement, initially announced by CaixaBank as the sole bookrunner and underwriter, includes contributions from major financial institutions such as Banco Santander, Bankinter, BBVA, and BNP Paribas. Legal and financial advisory services were provided by Cuatrecasas, whose team included partner Manuel Follia and lawyers Iigo Vrez and Antonio Ridao, along with the Equity Capital Markets team led by Gerard Correig and Roger Freixes.
Sectors
- Financial Services
- Legal Services
- Insurance
Geography
- Spain – The primary geographical focus is Spain, as the entities involved, such as Inocsa and Grupo Catalana Occidente, are based there, and the legal and financial transactions occurred within Spain.
Industry
- Financial Services – The financial services industry is relevant as it involves financing operations and banking institutions like CaixaBank, Banco Santander, Bankinter, BBVA, and BNP Paribas.
- Legal Services – Legal services industry is pertinent as the transaction was advised by the law firm Cuatrecasas.
- Insurance – The insurance industry is relevant because Grupo Catalana Occidente operates within this sector.
Financials
- €2,277 million – This is the amount of financing secured for Inocsa's takeover bid for Grupo Catalana Occidente.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Inocsa | Bidder | Company | Inocsa is the company initiating the takeover bid for Grupo Catalana Occidente. |
| Grupo Catalana Occidente | Target | Company | Grupo Catalana Occidente is the target of the takeover bid by Inocsa. |
| CaixaBank | Sole Bookrunner and Underwriter | Company | CaixaBank led and underwrote the financing deal. |
| Banco Santander | Financing Participant | Company | Banco Santander participated in the syndication of the financing. |
| Bankinter | Financing Participant | Company | Bankinter was involved in syndicating the financing. |
| BBVA | Financing Participant | Company | BBVA took part in the syndication of the financing. |
| BNP Paribas (Branch in Spain) | Financing Participant | Company | BNP Paribas' Spanish branch participated in the financing syndication. |
| Cuatrecasas | Legal Advisor | Company | Cuatrecasas advised Inocsa on legal aspects of the transaction. |