CMS Advises Libeen on Listing of Its SOCIMI

"CMS Albiñana & Suárez de Lezo advised Libeen — a Spanish rent-to-own company backed by Andbank and German fund Cusp Capital — on the listing of its SOCIMI on the Portfolio Stock Exchange. The firm structured a debt and contractual restructuring to enable financing rounds; Libeen has reached €4.1m in share capital and expects to exceed €5m, with a planned €25m investment."

CMS Albiñana & Suárez de Lezo advised Libeen, a Spanish company specialised in rent-to-own and backed by Andbank and the German fund Cusp Capital, on the listing of its SOCIMI on the Portfolio Stock Exchange. The transaction involved a tailored debt and contractual restructuring designed by CMS to enable and articulate several rounds of financing. This restructuring allowed the firm to coordinate closely with the other advisers to Libeen during the market entry process. To date, the company has reached share capital of approximately €4.1 million corresponding to equity already invested, and it expects to continue increasing that capital in the coming months with a commitment to exceed €5 million. An investment of €25 million is also anticipated in the near term. CMS Albiñana & Suárez de Lezo represented client Libeen with a team composed by: partner Alfonso Codes (Public Law and Regulated Sectors), of counsel Carlos Peña (Corporate/M&A), senior associate David Jódar (Corporate/M&A), and lawyers Alejandra Martín (Corporate/M&A) and Ana López (Public Law).

CMS Advises Libeen on Listing of Its SOCIMI

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