MP Ascensores Secures €60.9 Million Financing with Legal Support
Deal News | Jun 09, 2025 | Iberian Lawyer
Montero Aramburu & Gómez-Villares Atencia has successfully facilitated a significant financial deal for MP Ascensores, a leading elevator company based in Seville, Spain. With over 30 years of industry experience and ranking as the seventh-largest operator in Europe within its sector, MP Ascensores has secured €60.9 million from five financial institutions. This financial boost will help refinance €28 million in existing liabilities and support the company’s 2025-2027 strategic plan. The plan focuses on strengthening the company’s presence in key European markets, such as Germany and Italy, launching innovative products, and developing intelligent systems underpinned by proprietary software. The company's legal advisory for this transaction was led by Maite Cerezo Montañez, alongside Juan Manuel Martínez Carpio and Andrea Jiménez Mateos. Established in 1988 by Valentín de Madariaga, MP Ascensores remains a family-owned business with 1,150 employees.
Sectors
- Manufacturing and Engineering
- Legal Services
- Financial Services
Geography
- Spain – MP Ascensores is based in Seville, Spain, and the legal advisory firms are also likely to operate primarily within this geography.
- Germany and Italy – These are key markets MP Ascensores aims to strengthen its commercial presence, as mentioned in the strategic plan.
- Europe – MP Ascensores is the seventh-largest operator in the European elevator sector.
Industry
- Manufacturing and Engineering – The article centers on MP Ascensores, a company involved in the manufacturing and engineering of elevators.
- Legal Services – Montero Aramburu & Gómez-Villares Atencia provided legal advisory services for the financing deal.
- Financial Services – The involvement of five financial institutions in providing financing to MP Ascensores highlights participation within the financial services industry.
Financials
- €60.9 million – Total financing secured by MP Ascensores from five financial institutions.
- €28 million – Portion of financing used to refinance existing liabilities.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| MP Ascensores | Target Company | Company | A company specializing in the manufacture, installation, and maintenance of elevators, based in Seville, Spain. |
| Montero Aramburu & Gómez-Villares Atencia | Legal Advisor | Company | A legal firm that advised MP Ascensores on the financing transaction. |
| Maite Cerezo Montañez | Lead Legal Advisor | Person | Partner in the Corporate and M&A Department who led the legal team. |
| Juan Manuel Martínez Carpio | Legal Advisor | Person | Supported the legal team in the transaction. |
| Andrea Jiménez Mateos | Legal Advisor | Person | Supported the legal team in the transaction. |
| Five Financial Institutions | Financiers | Company | Provided €60.9 million financing to MP Ascensores. |