Madrid—Dentons Spain has advised Bayside Capital, a credit affiliate of H.I.G. Capital (as lender) on a mezzanine financing to Grupo Lar Real Estate BV, a Dutch subsidiary of Spanish property company Grupo Lar (as borrower) to be used for the refinancing of shopping and leisure centre Islazul (owned by the borrower and a subsidiary of Ivanhoe Cambridge on a 50-50 basis) and located at the outskirts of Madrid. 

Madrid partner Jesús Varela headed the deal in Spain. 

The loan was subject to Dutch law but it was negotiated by Dentons in Spain.  The security package was a combination of Dutch law securities and Spanish law securities and undertakings.  The Dutch advice was given by our best friend law firm Rutgers and Posch.

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