@Manuel D. Mora This does work in Europe too - there are some nuances with some countries were there are more complex rules than say the US. For example in Spain n Spain: leveraged buyouts face restrictions because of the financial assistance prohibition under the Spanish Companies Act. A company cannot provide loans, guarantees, pledges, or any other form of financial support to help a buyer acquire its own shares. This rule applies strictly to private limited companies (S.L.) and, while there are limited exceptions for public limited companies (S.A.), it makes it impossible to structure an LBO in Spain in the same way you might in the UK or US where target company assets can be pledged at closing. Because of this, the acquisition is typically financed at the level of a holding company or SPV, with lenders taking security over the shares in the target rather than the target’s own assets. After completion, it is sometimes possible to restructure by refinancing or merging the SPV with the target to push debt down, but this must be carefully structured. Any guarantees or security provided by the Spanish operating company must demonstrate a clear corporate benefit and usually require shareholder approval. If the rules are breached, the transaction can be declared void and directors risk personal liability. In practice, the market workaround is a two-step approach: fund the acquisition via an SPV, then carry out a post-acquisition refinancing or merger to integrate the debt into the group in a way that complies with Spanish law. This document summarises some of the EU countries were it is difficult, workable or more straight forward.

@Manuel D. Mora no problem. We can definately help with UK deals but thats the only country we are set up to help with funding in 'Europe'. We also look at US, Canada and Australia.

Great progress @Martin Sprange

@Martin Sprange the community is quite international maybe a virtual summit for UK members that you could arrange?