CaixaBank, S.A. (CATS:CABK) agreed to acquire the remaining 1.02% stake in Banco de Valencia SA (CATS:BVA) from the minority shareholders for €25 million in a share swap on April 4, 2013. Under the terms of the deal, the minority shareholders will receive one share of CaixaBank in exchange of 479 shares of Banco de Valencia. Caixabank's Board also approved the purchase of subordinated bonds convertible into Banco de Valencia shares and has agreed to pay each of the close ... to 4,000 bondholders €450 per bond. The transaction is subject to approval at the general meeting of shareholders of Banco de Valencia, approval by the Ministry of Finance and Competition, the merger document being presented to the National Stock Market Commission (CNMV), the merger entered into the Barcelona Commercial Registry. The transaction was approved by the Boards of CaixaBank and Banco de Valencia SA. Banco de Valencia's integration process into Caixabank is expected to be completed by the end of July 2013. Juan Gich, Antonio Villalon, Jacobo Gomez, Michelle Labarthe, Lucía Romay and Manuel Rein of Rothschild Gestión Agencia De Valores, S.A. acted as fairness opinion provider for Banco de Valencia.
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Sociedad de Gestión de Activos Procedentes de la Reestructuración Bancaria, S.A. announced that it intends to conduct a private placement of common shares with new investor, Iberdrola Inmobiliaria, S.A.U. for gross proceeds of €2,500,000 on February 11, 2013. The agreement will be signed in the coming days.

CaixaBank, S.A. (CATS:CABK) agreed to acquire 50% stake in Cajasol Vida y Pensiones, Caja Canarias Vida y Pensiones and Cajasol Seguros Generales, Sociedad De Seguros Y Reaseguros, S.A. from Caser Seguros SA for approximately €220 million on January 25, 2013. The deal is subject to the approval from Direccion General de Seguros (DGS) and Comisión Nacional de la Competencia (CNC) and is expected to close in the first quarter of 2013. Iñigo Erlaiz and Alvaro Mateo of Gómez-Acebo ... & Pombo Abogados, S.L.P.acted as legal advisors to Caser Seguros SA. On March 9, 2013, Caja Canarias Vida y Pensiones was acquired by CaixaBank.
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CaixaBank, S.A. (CATS:CABK) agreed to acquire Monte de Piedad of La Caixa from Caixa d'Estalvis i Pensions de Barcelona on July 9, 2012. KPMG Asesores S.L., Corporate Finance acted as financial advisor for Caixa d'Estalvis i Pensions de Barcelona and CaixaBank, S.A.

Credigy Solutions Inc. agreed to acquire non performing unsecured portfolio from CaixaBank, S.A. (CATS:CABK) on November 4, 2012. KPMG Asesores S.L., Corporate Finance acted as financial advisor for CaixaBank, S.A.

Inmobiliaria Carso, S.A. de C.V. acquired 439 office buildings in Spain from CaixaBank, S.A. (CATS: CABK) for approximately €430 million in a sale and leaseback transaction on December 18, 2012. CaixaBank, S.A. has signed a contract giving it the option to buy the 439 Office Buildings in Spain back if it is able and willing to do so in the future, and has earned €200 million euros in gross capital gains as a result.

Sociedad de Gestión de Activos Procedentes de la Reestructuración Bancaria, S.A. announced that it will raise funding from Banco Santander, S.A., Banco Popular Espanol S.A., Sabadell Capital, Fund for Ordered Bank Restructuring, CaixaBank, S.A., and Kutxabank S.A on December 12, 2012. On the same day, the company announced that it has received €884 million in an equity round of funding from new investors. The company received €57 million in funding from Banco Popular ... Espanol S.A., Sabadell Capital invested €66 million, CaixaBank, S.A. invested €118 million, Kutxabank S.A invested €25 million, Banco Santander, S.A. invested €164 million, and Fund for Ordered Bank Restructuring invested €397 million in the transaction. Belén Romana García and and Walter Luis de Luna from Fund for Ordered Bank Restructuring will join the board of directors of the company along with several others. Fund for Ordered Bank Restructuring will appoint four directors in total. Santander Investment Banking acted as the financial advisor to Banco Santander, S.A. On December 13, 2012, the company announced that it will raise an additional €2,862.2 million in this round of funding. The company will issue 28,622 not guaranteed contingently convertible subordinate notes of €0.1 million each at 100% value of the notes, convertible into ordinary shares of the company. The transaction was approved at the extraordinary general meeting of shareholders of the company. The convertible subordinate notes are freely transferrable and will be represented by book-entry method and will be registered in the corresponding accounting records under Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, Sociedad Anónima Unipersonal and its authorized participant institutions. The convertible subordinate notes will all belong to a single series, all of them having the same terms and conditions and allocating, therefore, identical rights to its holders. The subscription period will extend from December 28, 2012 up to December 31, 2012, and the payment date being December 31, 2012. The notes will amortize till November 27, 2027. The subordinated debt will be subscribed by investors Banco Santander, S.A., Banco Popular Espanol S.A., Fondo de Reestructuracion Ordenada Bancaria (FROB), Kutxabank S.A., CaixaBank, S.A., Sabadell Capital, and other investors in proportion to their equity holdings. On December 18, 2012, the company closed the third and final tranche of the equity part of the transaction. The company has raised a total of €1,361 million from 19 investors, consisting of national and international banks and insurance companies, including additional €524 million in funding from eight Spanish banks and three Spanish insurers that are new investors Grupo Catalana Occidente SA, Investment Arm, Mutua Madrileña Inmobiliaria, Mapfre Inversión Dos S.A. SGIIC and new investors Deutsche Bank AG, Barclays PLC, and AXA Group. Fund for Orderly bank restructuring would also invest €431 million in the company in future. Banco Santander, S.A., now owns 17.8%, Banco Popular Espanol S.A. owns 6.2%, Fondo de Reestructuracion Ordenada Bancaria (FROB) owns 43.1%, Kutxabank S.A. owns 2.7%, CaixaBank, S.A. owns 12.8%, and Sabadell Capital owns 7.2% among others pursuant to the transaction. Alvarez & Marsal, LLC, Goldman Sachs Gestión SGIIC, S.A., Citibank Espana S.A., Barclays PLC, Nomura Holdings, Inc., and N+1 Corporate Finance served as the financial advisors to Fund for Ordered Bank Restructuring. Cuatrecasas, Gonçalves Pereira, S.L.P. served as the legal advisor to Fund for Ordered Bank Restructuring. Uría Menéndez Abogados, S.L.P. served as the legal advisor to Banco Santander, S.A., CaixaBank, S.A., and Banco Popular Espanol S.A. with a team led by Francisco San Miguel, Fernando Azofra, Ramiro Rivera, and Juan Miguel Goenechea. KPMG Asesores S.L., Corporate Finance served as the financial advisor to the company on the part of the convertible bonds.
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CaixaBank, S.A. (CATS:CABK) agreed to acquire a 98.9% in Banco de Valencia SA (CATS:BVA) from Fondo de Reestructuracion Ordenada Bancaria (FROB) for €1 on November 27, 2012. The execution of the acquisition is subject to the corresponding authorizations and national administrative approvals by Banco de España, Min. De Economía, European commission and commission of competition and capital injection of €4.5 billion by Fondo de Reestructuracion Ordenada Bancaria (FROB). ... The transaction is also subject to process of due diligence completed satisfactorily, Banco de Valencia SA divesting its assets, transfer of eligible assets to the SAREB, active management of the current hybrid shareholders and instruments including preferred shares and subordinated debt and asset protection scheme with a duration of 10 years that covers the losses in the portfolio of SMEs/individual businessmen in a shared loss provision (72.5% FROB and 27.5% Banco de Valencia SA). After this transaction, it is estimated that CaixaBank will hold close to 99% of BdV’s shares, or at a minimum, 90% of Banco de Valencia SA share capital, in the event of a high degree of participation of minority shareholders in the capital increase. The transaction is expected to close in first quarter of 2013. According to details provided by the EC statement published on November 27, 2012, Banco de Valencia SA will cease to exist as an independent entity and will be fully integrated into CaixaBank. Eduardo Pérez, Sergio Martín and Raúl López of BDO Corporate Finance and Nomura International plc acted as financial advisors while Garrigues acted as legal advisor to Fondo de Reestructuracion Ordenada Bancaria. Víctor Xercavins, Fernando Mínguez, Gerard Correig, Marco Antonio Sanz, Cani Fernández, Adolfo Rovira and Miguel Cases of Cuatrecasas, Gonçalves Pereira, S.L.P. acted as legal advisors for CaixaBank, S.A. J.P. Morgan Espana S.A. acted as financial advisor for CaixaBank, S.A. Ernst & Young Transaction Advisory Services España acted as financial advisor to Nomura International plc and CaixaBank, S.A.
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