GA_P advises a syndicate led by Banco Sabadell on the financing granted to SOAKI for the development of a life sciences hub in San Sebastián
Gómez-Acebo & Pombo has advised on the €64.5 million financing granted to SOAKI, an investment vehicle backed by Quercus Investments and Columbus Venture Partners, for the development of its life sciences hub in Illunbe (San Sebastián).
The transaction is structured in two tranches: €50.5 million in senior financing granted by a syndicate of financial institutions led by Banco Sabadell and comprising Abanca, Banca March, Laboral Kutxa and the Basque Finance Institute (IVF); and €14 million in subordinated financing granted by Buenavista NextGen Urbano, a vehicle managed by Buenavista Equity Partners with funds from NextGeneration EU.
The financing represents one of the most significant recent closings in Spain’s life sciences segment and reflects the growing interest among financial institutions in specialised real estate assets linked to biotechnology, healthcare and innovation.
The GA_P team was composed of Antonio Ramírez, Irene Medina and Carmelo Morales, partner and associates from the Banking and Finance practice.
Antonio Ramírez – Partner
Irene Medina – Associate
Deal
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