{"id":372350,"date":"2025-10-13T10:29:51","date_gmt":"2025-10-13T08:29:51","guid":{"rendered":"https:\/\/ga-p.com\/?post_type=noticia&p=372350"},"modified":"2025-10-13T11:06:03","modified_gmt":"2025-10-13T09:06:03","slug":"miguel-lamo-de-espinosa-analyses-the-rise-in-corporate-debt-purchases-following-the-celsa-case-el-confidencial","status":"publish","type":"noticia","link":"https:\/\/ga-p.com\/en\/news\/miguel-lamo-de-espinosa-analyses-the-rise-in-corporate-debt-purchases-following-the-celsa-case-el-confidencial\/","title":{"rendered":"Miguel Lamo de Espinosa analyses the rise of debt purchases following the Celsa case | El Confidencial"},"content":{"rendered":"
\n
\n
\n
\n
\n\n

Miguel Lamo de Espinosa, partner at G\u00f3mez-Acebo & Pombo, notes that an increasing number of funds are looking to acquire debt from companies facing financial difficulties, with the aim of later converting it into equity or intervening in the company.<\/h4>\n\n\n\n

Specialist debt vehicles and some private equity funds are increasingly interested in taking positions in companies with complex financial situations, with the possibility of converting that debt into equity following a restructuring. The strategy, supported by the insolvency framework introduced in 2022, allows intervention before companies enter pre-insolvency, preserving their long-term sustainability and avoiding blockages from shareholders or creditors.<\/p>\n\n\n\n

According to Lamo de Espinosa: \u201cFundamentally, the interest is in credit funds or special situations. Private equity funds show interest, but it is harder for them to enter these types of situations. It is a process of education: this is not about buying distressed companies, but buying healthy companies within a distressed process. The difference is considerable.\u201d<\/em><\/p>\n\n\n\n

The Celsa case was emblematic: bondholders capitalised debt despite opposition from shareholders and took control of the company. Other recent examples include Naviera Armas, Telepizza, Ezentis, and Mr. Wonderful. The trend is consolidating while traditional M&A activity remains stalled, and venture capital funds are beginning to explore this path as an alternative way to generate value and future returns.<\/p>\n\n\n\n

\n\n Read more<\/span>\n
\"icon\"<\/div><\/a>\n <\/div>\n\n<\/div>\n<\/div>\n\n\n
\n
\n\n\n
\n\n
\n
\n\n \n
\n
Lawyer mentioned<\/div>\n
\n

\n <\/span>\n Miguel Lamo de Espinosa<\/a>\n – Partner<\/span>\n <\/p>\n <\/div>\n <\/div>\n \n

\n
Category<\/div>\n

\n <\/span>\n Press mention<\/span>\n <\/p>\n <\/div>\n \n

\n
Areas and sectors<\/div>\n

\n <\/span>\n Restructuring and Special Situations<\/a>\n <\/p>\n <\/div>\n <\/div>\n<\/div>\n\n<\/div>\n<\/div>\n\n<\/div>\n\n <\/div>\n\n<\/div>\n\n\n\n

\n
\"Icono<\/figure>\n<\/div>\n\n\n
\n
\n
\n
\n
\n\n
\n\n\n
\n See previous \"icon\"\n <\/a>\n See next \"icon\"\n <\/a>\n <\/div>\n <\/div>\n<\/div>\n<\/div>\n\n<\/div>\n\n <\/div>\n\n<\/div>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Miguel Lamo de Espinosa, partner at G\u00f3mez-Acebo & Pombo, notes that an increasing number of funds are looking to acquire debt from companies facing financial difficulties, with the aim of later converting it into equity or intervening in the company.<\/p>\n","protected":false},"featured_media":0,"template":"","categoria":[273],"class_list":["post-372350","noticia","type-noticia","status-publish","hentry","categoria-press-mention"],"acf":[],"yoast_head":"\nMiguel Lamo de Espinosa analyses the rise in corporate debt purchases<\/title>\n<meta name=\"description\" content=\"Miguel Lamo de Espinosa, analyses how credit and private equity funds are looking into acquiring debt from struggling companies, with the aim of converting it into equity or taking an active role in the company after its restructuring.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ga-p.com\/en\/news\/miguel-lamo-de-espinosa-analyses-the-rise-in-corporate-debt-purchases-following-the-celsa-case-el-confidencial\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Miguel Lamo de Espinosa analyses the rise in corporate debt purchases\" \/>\n<meta property=\"og:description\" content=\"Miguel Lamo de Espinosa, analyses how credit and private equity funds are looking into acquiring debt from struggling companies, with the aim of converting it into equity or taking an active role in the company after its restructuring.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ga-p.com\/en\/news\/miguel-lamo-de-espinosa-analyses-the-rise-in-corporate-debt-purchases-following-the-celsa-case-el-confidencial\/\" \/>\n<meta property=\"og:site_name\" content=\"Despacho de abogados G\u00f3mez-Acebo y Pombo\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-13T09:06:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ga-p.com\/wp-content\/uploads\/2024\/09\/favicon.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ga-p.com\\\/en\\\/news\\\/miguel-lamo-de-espinosa-analyses-the-rise-in-corporate-debt-purchases-following-the-celsa-case-el-confidencial\\\/\",\"url\":\"https:\\\/\\\/ga-p.com\\\/en\\\/news\\\/miguel-lamo-de-espinosa-analyses-the-rise-in-corporate-debt-purchases-following-the-celsa-case-el-confidencial\\\/\",\"name\":\"Miguel Lamo de Espinosa analyses the rise in corporate debt purchases\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ga-p.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ga-p.com\\\/en\\\/news\\\/miguel-lamo-de-espinosa-analyses-the-rise-in-corporate-debt-purchases-following-the-celsa-case-el-confidencial\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ga-p.com\\\/en\\\/news\\\/miguel-lamo-de-espinosa-analyses-the-rise-in-corporate-debt-purchases-following-the-celsa-case-el-confidencial\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ga-p.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/favicon.png\",\"datePublished\":\"2025-10-13T08:29:51+00:00\",\"dateModified\":\"2025-10-13T09:06:03+00:00\",\"description\":\"Miguel Lamo de Espinosa, analyses how credit and private equity funds are looking into acquiring debt from struggling companies, with the aim of converting it into equity or taking an active role in the company after its restructuring.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/ga-p.com\\\/en\\\/news\\\/miguel-lamo-de-espinosa-analyses-the-rise-in-corporate-debt-purchases-following-the-celsa-case-el-confidencial\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ga-p.com\\\/en\\\/news\\\/miguel-lamo-de-espinosa-analyses-the-rise-in-corporate-debt-purchases-following-the-celsa-case-el-confidencial\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ga-p.com\\\/en\\\/news\\\/miguel-lamo-de-espinosa-analyses-the-rise-in-corporate-debt-purchases-following-the-celsa-case-el-confidencial\\\/#primaryimage\",\"url\":\"https:\\\/\\\/ga-p.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/favicon.png\",\"contentUrl\":\"https:\\\/\\\/ga-p.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/favicon.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/ga-p.com\\\/en\\\/news\\\/miguel-lamo-de-espinosa-analyses-the-rise-in-corporate-debt-purchases-following-the-celsa-case-el-confidencial\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\\\/\\\/ga-p.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Miguel Lamo de Espinosa analyses the rise of debt purchases following the Celsa case | El Confidencial\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ga-p.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/ga-p.com\\\/en\\\/\",\"name\":\"Despacho de abogados G\u00f3mez-Acebo & Pombo\",\"description\":\"G\u00f3mez-Acebo y Pombo es una firma de abogados independiente, con experiencia internacional, especializada en todas las \u00e1reas del derecho de los negocio.\",\"publisher\":{\"@id\":\"https:\\\/\\\/ga-p.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ga-p.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/ga-p.com\\\/en\\\/#organization\",\"name\":\"Despacho de abogados G\u00f3mez-Acebo & Pombo\",\"url\":\"https:\\\/\\\/ga-p.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ga-p.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/ga-p.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Logo-1-1.svg\",\"contentUrl\":\"https:\\\/\\\/ga-p.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Logo-1-1.svg\",\"caption\":\"Despacho de abogados G\u00f3mez-Acebo & Pombo\"},\"image\":{\"@id\":\"https:\\\/\\\/ga-p.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Miguel Lamo de Espinosa analyses the rise in corporate debt purchases","description":"Miguel Lamo de Espinosa, analyses how credit and private equity funds are looking into acquiring debt from struggling companies, with the aim of converting it into equity or taking an active role in the company after its restructuring.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ga-p.com\/en\/news\/miguel-lamo-de-espinosa-analyses-the-rise-in-corporate-debt-purchases-following-the-celsa-case-el-confidencial\/","og_locale":"en_US","og_type":"article","og_title":"Miguel Lamo de Espinosa analyses the rise in corporate debt purchases","og_description":"Miguel Lamo de Espinosa, analyses how credit and private equity funds are looking into acquiring debt from struggling companies, with the aim of converting it into equity or taking an active role in the company after its restructuring.","og_url":"https:\/\/ga-p.com\/en\/news\/miguel-lamo-de-espinosa-analyses-the-rise-in-corporate-debt-purchases-following-the-celsa-case-el-confidencial\/","og_site_name":"Despacho de abogados G\u00f3mez-Acebo y Pombo","article_modified_time":"2025-10-13T09:06:03+00:00","og_image":[{"url":"https:\/\/ga-p.com\/wp-content\/uploads\/2024\/09\/favicon.png","type":"","width":"","height":""}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/ga-p.com\/en\/news\/miguel-lamo-de-espinosa-analyses-the-rise-in-corporate-debt-purchases-following-the-celsa-case-el-confidencial\/","url":"https:\/\/ga-p.com\/en\/news\/miguel-lamo-de-espinosa-analyses-the-rise-in-corporate-debt-purchases-following-the-celsa-case-el-confidencial\/","name":"Miguel Lamo de Espinosa analyses the rise in corporate debt purchases","isPartOf":{"@id":"https:\/\/ga-p.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ga-p.com\/en\/news\/miguel-lamo-de-espinosa-analyses-the-rise-in-corporate-debt-purchases-following-the-celsa-case-el-confidencial\/#primaryimage"},"image":{"@id":"https:\/\/ga-p.com\/en\/news\/miguel-lamo-de-espinosa-analyses-the-rise-in-corporate-debt-purchases-following-the-celsa-case-el-confidencial\/#primaryimage"},"thumbnailUrl":"https:\/\/ga-p.com\/wp-content\/uploads\/2024\/09\/favicon.png","datePublished":"2025-10-13T08:29:51+00:00","dateModified":"2025-10-13T09:06:03+00:00","description":"Miguel Lamo de Espinosa, analyses how credit and private equity funds are looking into acquiring debt from struggling companies, with the aim of converting it into equity or taking an active role in the company after its restructuring.","breadcrumb":{"@id":"https:\/\/ga-p.com\/en\/news\/miguel-lamo-de-espinosa-analyses-the-rise-in-corporate-debt-purchases-following-the-celsa-case-el-confidencial\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ga-p.com\/en\/news\/miguel-lamo-de-espinosa-analyses-the-rise-in-corporate-debt-purchases-following-the-celsa-case-el-confidencial\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ga-p.com\/en\/news\/miguel-lamo-de-espinosa-analyses-the-rise-in-corporate-debt-purchases-following-the-celsa-case-el-confidencial\/#primaryimage","url":"https:\/\/ga-p.com\/wp-content\/uploads\/2024\/09\/favicon.png","contentUrl":"https:\/\/ga-p.com\/wp-content\/uploads\/2024\/09\/favicon.png"},{"@type":"BreadcrumbList","@id":"https:\/\/ga-p.com\/en\/news\/miguel-lamo-de-espinosa-analyses-the-rise-in-corporate-debt-purchases-following-the-celsa-case-el-confidencial\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Portada","item":"https:\/\/ga-p.com\/en\/"},{"@type":"ListItem","position":2,"name":"Miguel Lamo de Espinosa analyses the rise of debt purchases following the Celsa case | El Confidencial"}]},{"@type":"WebSite","@id":"https:\/\/ga-p.com\/en\/#website","url":"https:\/\/ga-p.com\/en\/","name":"Despacho de abogados G\u00f3mez-Acebo & Pombo","description":"G\u00f3mez-Acebo y Pombo es una firma de abogados independiente, con experiencia internacional, especializada en todas las \u00e1reas del derecho de los negocio.","publisher":{"@id":"https:\/\/ga-p.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ga-p.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ga-p.com\/en\/#organization","name":"Despacho de abogados G\u00f3mez-Acebo & Pombo","url":"https:\/\/ga-p.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ga-p.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/ga-p.com\/wp-content\/uploads\/2024\/09\/Logo-1-1.svg","contentUrl":"https:\/\/ga-p.com\/wp-content\/uploads\/2024\/09\/Logo-1-1.svg","caption":"Despacho de abogados G\u00f3mez-Acebo & Pombo"},"image":{"@id":"https:\/\/ga-p.com\/en\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/ga-p.com\/en\/wp-json\/wp\/v2\/noticia\/372350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ga-p.com\/en\/wp-json\/wp\/v2\/noticia"}],"about":[{"href":"https:\/\/ga-p.com\/en\/wp-json\/wp\/v2\/types\/noticia"}],"wp:attachment":[{"href":"https:\/\/ga-p.com\/en\/wp-json\/wp\/v2\/media?parent=372350"}],"wp:term":[{"taxonomy":"categoria","embeddable":true,"href":"https:\/\/ga-p.com\/en\/wp-json\/wp\/v2\/categoria?post=372350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}