Transactions by BANKIA SA (BNKXF) in the last 6 months

Banco de Credito e Inversiones (SNSE:BCI) signed a definitive agreement to acquire City National Bank of Florida Inc. from Bankia, SA. (CATS:BKIA) for approximately $880 million on May 24, 2013. This purchase price would be financed by an issuance of common shares, subordinated debt and senior debt in order to maintain capital ratios similar to the current ones. The sale is part of an agreement with European financial regulators to recapitalize Banco de Credito e Inversiones. ... City National Bank will remain a locally-based community bank operating under City National Bank brand. As of March 31, 2013, City National Bank of Florida had total assets of $4.74 billion, deposits of $3.48 billion and tangible equity of $607 million. For the year ended December 31, 2012, City National Bank posted a profit of $190 million. The deal is subject to the approval of the regulatory authorities of the United States, Spain and Chile and is expected to close between the last quarter of 2013 and first quarter of 2014. The transaction will have a positive impact on Bankia's results and capital. The Goldman Sachs Group, Inc. (NYSE:GS) acted as financial advisor for Bankia, SA. and City National Bank of Florida. LXG Capital S.A.C, Landmark Capital S.A. and White Cap Private Equity Management, LLC acted as financial advisors for Banco de Credito e Inversiones. Mitchell S. Eitel, Sergio J. Galvis, Werner F. Ahlers, Jared P. Roscoe, H. Rodgin Cohen, Marc Trevino, Maria C. Charon, Allison H. MacDonald, Daniel W. Whitney, Ronald E. Creamer Jr., King Kai Chu, Spencer F. Simon, Stephen E. Miller and Matthew J. Brennan of Sullivan & Cromwell LLP acted as legal advisor to Bankia, SA. Andrew Levine and Manan Shah of Jones Day acted as legal advisor for certain members of senior management of City National Bank of Florida. Avila Rodriguez Hernandez Mena & Ferri LLP and Carey y Cía acted as legal advisors for Banco de Credito e Inversiones.
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Bankia, SA. (CATS:BKIA) agreed to acquire the remaining 30.02% stake in Bancaja Inversiones, S.A. from Deutsche Bank AG, Investment Arm and Guggenheim Capital, LLC on April 8, 2013. Rothschild Gestión Agencia De Valores, S.A. acted as financial advisor and J&A Garrigues, S.L.P. acted as legal advisor to Bankia, SA. Allen & Overy Spain acted as legal advisor to Deutsche Bank AG, Investment Arm and Uría Menéndez Abogados, S.L.P. acted as legal advisor to Guggenheim Capital, ... LLC.
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Apollo Investment Europe II, managed by Apollo Global Management, LLC (NYSE:APO), agreed to acquire Finanmadrid E.F.C., S.A. from Bankia, SA. (CATS:BKIA) for €1.6 million on March 22, 2013. Under the terms of agreement, transaction will also include the transfer of the 124 employees that work in Finanmadrid. The deal is subject to regulatory approval, approval from competition authorities and other customary closing conditions. The transaction is expected to close within ... four months. Charles Zehren of Rubenstein Associates acted as public relation advisor for Apollo Global Management. Rafael Molina, Adolfo Guerrero, Paulina Antunez, Ana Galindo, Paula Navarro, Victor Manchado, Jose María Lopez, John Livesey, Javier-García Pita, Alejandro Meca, Naiara Rodríguez-Escudero, Belén Lavandera, Jaime Pérez-Bustamante, Juan Passás and Miguel Prado of Linklaters LLP (USA) acted as legal advisors for Apollo Global Management, LLC.
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Sumarroca family acquired an additional 12% stake in COMSA EMTE SL from Sabadell Capital and Bankia, SA. (CATS:BKIA) on February 8, 2013. After the deal, the Sumarroca family assumes the control of 30% of the capital of Comsa Emte. Prada y Fernández Fornesa acted as legal advisor for Sumarroca family.

Bankia, SA. (CATS:BKIA) announced a private placement of contingent convertible bonds for gross proceeds of up to €10,700,000,000 from existing investor Banco Financiero y de Ahorros S.A. on December 26, 2012. Pursuant to the recapitalization round of financing, the bonds will be convertible into common shares of the company at the beginning of 2013, when there will be a capital reduction at the company. The bonds will exclude the pre-emptive rights. Gabriel Núñez, Alfonso ... Ventoso, and Noelia Martínez from Uría Menéndez Abogados, S.L.P. served as legal advisors to the company.
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