Important updates in the direct lending fund offerings

In the alternative financing market, the dynamism of some private debt fund managers stands out, leading to increasingly well-adapted direct lending financial solutions for the needs of medium-sized Spanish companies. In this post, we present a couple of proposals that can cover a wide range of financial needs for medium-sized companies:

  1. Loans with a term of up to 6 years to finance the development of company growth plans. The amounts range between 1 and 7.5 million euros. It is suitable for companies with more than 2 million euros in revenue, a minimum EBITDA of 500,000 euros, and more than 5 million euros in assets. The two main advantages are the flexibility in the amortization terms, depending on the company’s repayment capacity, and the absence of real guarantees.
  2. Loans of up to 12 months to meet any specific liquidity needs, with amounts starting from 500,000 euros. It is designed for companies with revenues exceeding 5 million euros, and no real guarantees are required.

To learn more about the characteristics of each of these solutions, you can contact your Altria Corpo consultant, click on, or write to

Do you want to know more about direct lending? In this document published by Altria in the well-renowned ODF  we explain it to you.

CFOs and Corporate Financing in the Face of Generative AI

CFOs face increasing challenges in corporate financing, which require agile decision-making in an increasingly complex environment. In this context, generative artificial intelligence (GAI) emerges as a powerful tool, revolutionizing how CFOs approach the financing and financial management of their companies.

Generative AI, which specializes in creating new content from existing data, can offer effective solutions for a wide range of financial needs. One of its most notable applications is the automation and optimization of financial planning. By analyzing large volumes of historical and real-time data, generative AI can identify patterns and trends that are not evident at first glance. This allows CFOs to develop more accurate financial forecasts and make informed strategic decisions.

Additionally, generative AI facilitates financial risk management. Traditionally, CFOs devoted a significant amount of time and resources to assessing the risks associated with different investment decisions. Now, with AI’s ability to analyze complex datasets and generate predictive models, CFOs can identify potential risks more accurately and quickly, and formulate more effective mitigation strategies.

In summary, generative AI is transforming the role of the CFO, enabling more informed and efficient decision-making, and redefining corporate financing. At Altria Corpo, we understand that adopting advanced technologies like generative AI is essential to remain competitive, and we are implementing it both in internal processes and in improving service to our corporate clients and financial suppliers.

If you found this topic interesting, you can find more information by reading this article from La Vanguardia: Los directores financieros ganan protagonismo con la IA generativa.

Bank Takeovers: How to Manage Them from Within the Company

The news of BBVA’s hostile takeover bid for Banco Sabadell has once again raised alarms about the high level of banking concentration occurring in Spain and the negative effects it may have on the business sector of our country. The financial function of a company plays a crucial role in this scenario, facing the challenge of managing these strategic changes effectively.

The bank takeover will surely alter the financial landscape for the client companies of the affected entities. These events lead to a consolidation in the banking sector that can result in fewer financing options for companies. Moreover, it is more than likely that the merged entities will choose to reduce their risk exposure by reevaluating their credit portfolios or modifying existing financing conditions. Given this situation, it is vital that the financial function of the company is prepared to act proactively.

Diversification of Financing Sources

Diversifying financing sources is a fundamental strategy to mitigate the risks associated with banking concentration. Companies should consider a broader spectrum of options, including not only traditional bank financing but also alternatives such as debt funds, fintech platforms, specialized financing in factoring or leasing, and private equity solutions. This diversification helps reduce dependency on a small number of banks and offers greater flexibility in capital management.

Anticipation of Changes

Anticipating market movements and trends in banking consolidation is another key component. Companies must constantly monitor the market to foresee future takeovers and understand their possible impacts. Scenario analysis and financial planning must incorporate these possibilities, preparing the company to act swiftly in the face of imminent changes.

Partnership with Experts

In these times of uncertainty and financial complexity, partnering with a consultant specialized in corporate finance is more important than ever. An expert consultancy can provide the necessary market intelligence, as well as strategic and operational advice to navigate the challenges presented by bank takeovers. From evaluating current financing conditions to searching for viable and sustainable alternatives, a debt advisory expert like Altria Corpo can play a decisive role in optimizing a company’s financial structure.

In summary, effectively managing a bank takeover from a company’s financial function requires proactive planning and a well-defined strategy. Diversifying financing sources, constant market monitoring, and collaboration with specialized debt advisory consultants are crucial components to ensure that your company not only manages but also benefits from the constantly evolving dynamics of the banking market. At Altria Corpo, we are prepared to help companies navigate this complex environment with expert advice and customized solutions that will protect and enhance the financial health of your business.

Watch the video commemorating our tenth anniversary


Altria Corpo has just celebrated its tenth anniversary, and we wanted to show in a video what our values are and how we help companies to project the best possible image in the financial market and to obtain the most suitable solutions for their financing needs.

In the video, the CEO of Altria Corpo Albert Gumà reflects on the importance of choosing a financing advisor who knows the company in depth and at the same time the solutions offered by the financial sector, in order to be able to find the ideal instrument that meets the financial needs of each company.


Ramiro Lama, partner and head of financing at Altria Corpo, explains how in recent years the reduction of banking institutions has been combined with the increase of alternative financing solutions, expanding the possibilities for the company to open its liabilities to non-bank suppliers.


Antonio Llera, head of singular operations, and Jesús Llurba, consultant in the corporate area, describe the process of getting to know the client’s reality and the search for all possible solutions, in order to configure a tailor-made suit for each company. We also align ourselves with the client’s objectives, linking most of our fees to the achievement of this financial solution.


Eloi Noya, managing director, describes the wide variety of companies that can find in Altria Corpo their ideal partner in the search for financing for their needs. From companies expanding their markets or wishing to increase their production capacity, to companies that for various reasons cannot find the right answer to their projects in their usual banks.


Finally, one of the companies we have advised, Optral, through its CEO Joan Martín, tells us how Altria Corpo has helped to discover new financing channels for the company and its high level of satisfaction with the solutions found, which, as they say, the company could hardly have achieved on its own.


As Jesús Llurba ends by pointing out, “our greatest satisfaction is to make possible what our client, at the beginning, thought was impossible“.

Real estate sale and lease back (2)

In a previous post we presented the sale and lease back as an operation that provides liquidity to the company. In this article we will assess its undoubted advantages and also some of the disadvantages it may have.

Advantages of sale and leaseback

Let us remember that the company that carries out a sale and lease back with a property it owns obtains several advantages:

– It obtains immediate liquidity derived from the fact that it receives the price of the sale of the property. This liquidity can be used to reduce existing debt or to undertake new investments.

– You can continue to occupy the property, no longer as the owner but as a tenant, so you can continue your business without having to move.

– You will have the option to repossess the property if you exercise the purchase option.

– There can be a balance sheet improvement as a fixed asset is converted into cash, which can be beneficial to the perceived financial health of the business.

Disadvantages of sale and leaseback

In addition to these advantages, there are also some disadvantages to be considered in this type of transaction:

Long-term cost: although sale and leaseback provides immediate liquidity, it usually entails a higher long-term cost than maintaining ownership and financing the asset through other means.

Loss of ownership and inability to benefit from future appreciation of the asset.

– The lease resulting from sale and leaseback ties the company to a long-term contract, which may limit its operational and financial flexibility. If the company’s needs change, it may find itself tied to an asset that no longer fits its operations or strategies.

– The sale and leaseback process can incur significant transaction costs, including legal fees, valuation fees and other administrative expenses. These costs should be considered when calculating the net benefit of the transaction.


In the third and final article on sale and leaseback, we will discuss the details and operation of sale and leaseback transactions.