Blog - Maraz Corporate Finance
In a constantly evolving financial environment, from the Maraz Corporate Finance Blog, we share analysis, trends and key insights on corporate finance, financing, corporate restructuring, valuation, company acquisitions and sales, and business strategy.
Red Flags in Financial Due Diligence: 15 Warning Signs That Reprice or Break a Deal
Red Flags in Financial Due Diligence: In every company sale there comes a moment when the numbers stop telling their…
Monte Carlo Simulation in DCF: What It Adds to Business Valuation
Monte Carlo Simulation: Imagine being asked what your company is worth and answering with a single, exact figure: “€12,437,000.” It…
From the FDD report to the SPA: Earn-outs, reps & warranties and indemnities
From the FDD report to the SPA: There is a moment in every company sale when the analytical work turns…
Quality of Earnings: How to analyse EBITDA quality in Due Diligence
Quality of Earnings: When a buyer says they are paying "seven times EBITDA", what they are really buying is not…
Turnaround Management: Steps to turn a company around
Turnaround Management: Few decisions test a management team as much as admitting that the company has stopped working the way…
Lost Profits vs Consequential Damage: Quantifying an Economic Loss
Lost Profits vs Consequential Damage: Quantifying an economic loss A distributor whose contract is terminated overnight. A partner arbitrarily squeezed…
Competitive Advantages and Economic Moats
Competitive Advantages and Economic Moats Almost every business owner I meet knows whether their company makes money. Far fewer know…
Can Financial Debt increase your company's value? Optimal Capital Structure
Financial Debt and its impact on valuation: The “Zero-Debt” Myth In many family-owned businesses in the middle market, there is…
Importance of an Expert Advisor (M&A) to sell your company well
Why an expert advisor (M&A) matters when selling a company Selling a company is, for the vast majority of business…
Cross-Border Transactions - expanding without borders
Cross-Border Transactions: Acquiring a company in another country is the fastest way to gain, in one move, the market share,…
Financial Mentoring by a Fractional CFO for your financial team
Financial mentoring: In the Spanish industrial mid-market and in large family groups — those companies with turnover ranging between €20…
Refinancing Companies in Distress: a Middle-Market Guide
Refinancing Companies in Distress: When a company runs into trouble, the clock starts working against it. The 2022 reform of…
The Role of Expert Forensic Opinion in Shareholder Disputes
When a conflict between partners breaks out, the first instinct is usually legal: the bylaws, the shareholders’ agreement and the…
Benchmarking: How to analyse the competition to improve your strategy
Benchmarking: How to Analyse the Competition to Improve Your Strategy Almost every business owner I know can tell whether their…
Revenue Recognition: Spanish GAAP vs. IFRS 15
Revenue Recognition: a matter of contractual architecture Revenue recognition has ceased to be a matter of general accounting policy and…
Internal Fraud in Business: An Action Guide
Interan Fraud in Business Discovering that someone on the inside — a trusted employee, an executive, even a business partner…
Family Business Succession Plan in Spain: 7 Pillars | Maraz
Nine out of ten Spanish companies are family-owned, yet only one in three survives the handover to the second generation.…
Capital Allocation for CEOs: ROIC, WACC and the 5 Levers
Capital Allocation: There is an invisible frontier that separates the companies that merely grow from those that multiply their value.…
Participating Loans: The Complete Guide for Directors, Shareholders and Board Members
Participating Loan: Few financial instruments generate as much confusion —and as much potential— as the participating loan. For the Commercial…
Companies in crisis and the going concern principle
Companies in crisis and the going concern principle: there is one question almost no board asks in time, and yet…
Separating operating real estate into a Family SOCIMI: Legal and tax engineering
In successful family businesses, it is common for successive generations to diverge. What in the first generation was a single,…
EBITDA Multiples by Sector in Spain (2026 Guide) | Maraz
EBITDA Multiples by Sector: 2026 There is a question that, sooner or later, every family business owner asks: how much…
Locked Box vs. Completion Accounts: Which price-closing mechanism best protects the seller?
Locked Box vs Completion Accounts: Imagine that, after years at the helm of your family business, you receive a purchase…
How to design a Strategic Plan in the Family SME: Phases, tools and mistakes
The compass that almost no one has You look at most Spanish family SMEs and you wonder the same thing:…
