OHLA Executes Successful €50 Million Capital Increase
Deal News | Jun 18, 2025 | Iberian Lawyer

OHLA, a prominent global player in infrastructure and concessions, successfully completed a €50 million capital increase, with the offering not only fully subscribed but also significantly oversubscribed, demonstrating strong investor trust in the firm’s strategic direction. The transaction, concluded without any additional allotment need, highlights the market's confidence in OHLA’s business plan which targets substantial revenue and EBITDA growth by 2029. Leading law firm Pérez-Llorca provided comprehensive legal advisory for this capital raise, with experts led by Iván Delgado and involving numerous specialists across corporate, capital markets, and tax domains. The capital injection aligns with the company's strategy for sustainable growth, focusing on high-margin projects in the U.S., Latin America, and Central Europe, alongside significant operational efficiency improvements anticipated to save €40 million through better project control and cost optimization. OHLA's journey to fiscal health is evidenced by dramatic financial upgrades since 2019, including halving their leverage ratio and expanding their project backlog.
Sectors
- Infrastructure
- Legal Services
Geography
- Spain – OHLA, the target company, is based in Spain.
- United States – OHLA targets growth in key geographies including the U.S.
- Latin America – OHLA is focused on enhancing its operations in Latin America as part of its strategic growth plan.
- Central Europe – Central Europe is identified as a key target geography for OHLA's expansion and growth strategy.
Industry
- Infrastructure – The article is focused on OHLA, which operates within the global infrastructure and concessions sector.
- Legal Services – Pérez-Llorca, the legal advisor mentioned in the article, represents the legal services industry.
Financials
- €50 million – The amount raised by OHLA through the capital increase.
- 5 billion – Targeted revenue in OHLA's Business Plan by 2029.
- 300 million – Targeted EBITDA in OHLA's Business Plan by 2029.
- 40 million – Expected cost savings from OHLA's Operational Efficiency Improvement Plan.
- 534 million – The amount of debt repaid by OHLA since 2019.
- 9.2 billion – The current project backlog value for OHLA.
Participants
Name | Role | Type | Description |
---|---|---|---|
OHLA | Target | Company | A global infrastructure and concessions group undertaking a €50 million capital increase. |
Pérez-Llorca | Legal Advisor | Company | The legal firm advising OHLA on its capital increase, led by a partner and several specialists. |
Iván Delgado | Corporate Partner | Person | Leading the legal advisory team from Pérez-Llorca for OHLA's capital increase. |
Francisco León | Of Counsel | Person | Part of Pérez-Llorca's advisory team for OHLA's capital raise. |
Yolanda Azanza | Capital Markets Partner | Person | Provided capital markets expertise from Pérez-Llorca for the OHLA transaction. |
Yi Zhou | Tax Lawyer | Person | Provided tax support from Pérez-Llorca for the capital increase. |