Global Excellence Awards 2018

Acquisition International - Global Excellence Awards 2018 81 Acquisition International - Issue 5 2018 23 financial restructuring in April 2018. By doing this, the company which has accumulated a debt of $9billion, avoids the largest bankruptcy proceeding in the history of Spain. The retail sector which is under a deep transformation process, will keep on presenting opportunities for foreign investors, both in pre- insolvency and in insolvency. For example, Toys R Us Iberia Real Estate, subsidiary of Toys R Us Iberia, has filed a request in the Commercial Courts of Madrid, to be declared in bankruptcy. The company has 53 stores and 1,600 employees. The strict Spanish Labour Regulation is actually a big challenge in order to manage insolvency proceedings of retail companies. Regarding this matter, Abencys has an impressive track record in complex operational reorganisations which include agreements with labour unions, having helped many multinational companies in this area. In short, the world economy has started 2018 with a firm pulse, in a context of contained inflation and favourable financial conditions and due to these factors, we are going to see opportunities in the Spanish market for buying or investing and an increase of mergers and post-merger integrations or as we call it, solvent restructuring, where again Abencys is clearly a leader in the market. As partner of Abencys, I do believe in lasting relationships with our clients based on transparency, honesty and total fulfilment of commitments. Abencys is truly Independent from financial institutions and multinationals and we work hard to achieve excellence in everything we do. Ultimately, this is only possible if all professionals have excellent relationships between them and pursue the same goal together, since teamwork benefits both our clients and our organisation. To do this, we are proud in developing leading methodologies and experiences that simplify processes and bring the necessary dynamics to achieve excellent results. Achieving Excellence