6th February 2023

Pemberton supports A&M Capital Europe-backed Ayesa’s refinancing and its acquisition of Ibermática


Pemberton, a leading alternative credit specialist, has provided refinancing to support the growth trajectory of A&M Capital Europe’s (“AMCE”) portfolio company Ayesa, the leading international provider of IT and engineering services, and its acquisition of Spanish IT services company Ibermática.

Headquartered in Spain, Ayesa is a global provider of IT and engineering consulting services. The company’s IT services division provides software implementation and maintenance, digital transformation and managed services, to a range of clients across verticals such as utilities, public administration, financial services and manufacturing. The company’s engineering services division engages in project supervision and design services for the civil and industrial engineering markets,
with a strong focus on transportation and water. Ayesa employs more than 11,000 people in over 20 countries across Europe, Latin America, the Middle East and Asia.

Ibermática is one of the leading IT services providers for large corporates in Spain. The company offers a wide-ranging portfolio of solutions spanning IT consultancy, cybersecurity, cloud computing and data analytics. Following the transaction, Ayesa will be able to consolidate its position in the Spanish IT services market, becoming one of Spain’s foremost service providers. The combined group will benefit from enhanced technological capabilities, broad and complimentary sector coverage, a deeper nationwide presence, and a reinforced international footprint. Under AMCE’s ownership, Ayesa has undergone a significant transformation and to date, the company has more than doubled its revenue through the acquisitions of technology and engineering businesses Byrne Looby, M2C and most recently Ibermática, all within the first 12 months since AMCE’s investment.

The transaction marks Pemberton’s first deal with A&M Capital Europe. Pemberton supported the transaction through its Mid-Market Debt and Strategic Credit Funds.

We look forward to partnering with the exceptional Ayesa team and A&M Capital Europe as they look to accelerate the company’s organic growth and acquisition strategy. AMCE is the ideal partner for Ayesa, having deep expertise in the sector and in scaling business service platforms globally. Ayesa is a global business with an impressive track record of delivering outstanding engineering and technology solutions spanning over five decades, and the acquisition of Ibermática further enhances those capabilities. Ayesa now has an even stronger platform for further growth in what is a highly attractive industry. We are proud to be backing Ayesa through the exciting growth journey ahead, and to have completed our first deal with AMCE.

– Leticia Ruenes, Head of Spain at Pemberton

Pemberton provided a thoughtful and bespoke financing structure for Ayesa to concurrently refinance its acquisition bridge facilities and acquire Ibermática. We look forward to partnering with Pemberton to continue driving Ayesa’s organic and inorganic growth strategy across its two business units.”

– Charles Grimm, Managing Director at A&M Capital Europe

About the author

Leticia Ruenes

Managing Director, Head of Spain