Eight Advisory enters Spanish market with new office in Madrid

05 April 2024 Consultancy.eu 2 min. read
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International financial advisory firm Eight Advisory has expanded its footprint in the European market with the launch of a new office in Spain.

Spain becomes the seventh European market where Eight Advisory is based, with the new office in Madrid located on one of the city’s most iconic boulevards (Paseo de la Castellana). Outside of Europe, Eight Advisory also has a hub in the United States.

In a statement, Eight Advisory’s leadership team said that establishing a base in Spain aligns with the firm’s growth strategy to become a full-on Europe-wide player and comes in response to growing demand from local and international clients to serve the domestic market.

Eight Advisory enters Spanish market with new office in Madrid

“This strategic move further strengthens our geographic reach,” said Eric Demuyt, Managing Director and Partner at Eight Advisory, “and will allow us to respond to our clients’ growing interest in the Spanish market.”

Spain is by no means new to Eight Advisory – the consulting firm has been working for clients in the country since 2012 through a Spanish speaking team staffed from its other offices, mainly in the area of deals and restructuring, confirmed Demuyt. “We have worked on a significant number of projects for European clients in Spain.”

Supporting financial transactions will be the key area of focus for the Madrid team. Eight Advisory provides financial due diligence and transaction support services to mid-market companies, family-run businesses and private equity funds.

“We are fully committed to supporting deals up to their execution. Our approach as an independent advisory is an integral part of our DNA and enables us to maintain close working relationships with our clients and with all the stakeholders involved during the due diligence process,” said Gennat Mouline, who leads the Madrid office.

“There are many indications that the M&A market in Spain will continue to generate interest from both European and international investors. Many sectors are proving attractive, including business services and software, education, agri-food, and healthcare. Despite the difficulties faced by the European M&A sector, the Spanish market has demonstrated its capacity to harbour hidden gems,” he added.

In later stages of the office’s growth, Eight Advisory will seek to build its restructuring and transformation offerings in Spain, mirroring its international portfolio.

Headquartered in France, Eight Advisory today has a team of over 850 consultants. In its home market, the firm is on the verge of acquiring Mawenzi Partners.