{"id":22797,"date":"2025-02-17T10:51:56","date_gmt":"2025-02-17T10:51:56","guid":{"rendered":"https:\/\/nk5.es\/special-situations-como-convertir-retos-financieros-en-oportunidades-de-inversion\/"},"modified":"2026-03-10T09:16:15","modified_gmt":"2026-03-10T09:16:15","slug":"special-situations-como-convertir-retos-financieros-en-oportunidades-de-inversion","status":"publish","type":"post","link":"https:\/\/nk5.es\/en\/special-situations-como-convertir-retos-financieros-en-oportunidades-de-inversion\/","title":{"rendered":"Special Situations: c\u00f3mo convertir retos financieros en oportunidades de inversi\u00f3n"},"content":{"rendered":"\r\n

El mercado de reestructuraciones ha estado marcado por la Pandemia, un per\u00edodo de tres a\u00f1os entre 2020 y 2022 en el que se pusieron a disposici\u00f3n de las compa\u00f1\u00edas cantidades muy relevantes de financiaci\u00f3n mediante estrategias como los pr\u00e9stamos con cobertura ICO o la financiaci\u00f3n directa de SEPI y Cofides, con importes que han superado los 150.000 millones de euros. Ahora, el desaf\u00edo es la devoluci\u00f3n de estos pr\u00e9stamos<\/strong>, lo que est\u00e1 marcando la agenda de reestructuraciones.<\/p>\r\n\r\n\r\n\r\n

En este contexto, Manuel Roca de Togores, <\/strong>socio fundador de NK5, <\/strong>apunta que “hay un mercado donde el subyacente, es decir, el negocio de las compa\u00f1\u00edas, est\u00e1 creciendo, pero donde los niveles de apalancamiento siguen siendo elevados para un buen n\u00famero de empresas del middle market. Este apalancamiento, junto con la complejidad que supone reestructurar cr\u00e9dito, las garant\u00edas p\u00fablicas y la antig\u00fcedad de la deuda, son los principales retos de las reestructuraciones\u201d. <\/p>\r\n\r\n\r\n\r\n

De esta manera, est\u00e1n surgiendo oportunidades de special situations<\/strong> en empresas donde se combina la necesidad de dinero nuevo junto a una reestructuraci\u00f3n de balance<\/strong>. \u201cCompa\u00f1\u00edas que han mantenido un alto apalancamiento durante bastantes a\u00f1os, han tratado de refinanciar o han refinanciado sus posiciones varias veces y, a pesar de que su negocio conserva potencial, mantienen una situaci\u00f3n no sostenible de balance\u201d, en palabras de Roca. Este tipo de situaciones presentan una buena oportunidad para inversores privados<\/strong> que, con su puesta a disposici\u00f3n de dinero nuevo, capacidad de comprar deuda en secundario y de entrar en capital, pueden facilitar tambi\u00e9n la reestructuraci\u00f3n del balance. <\/p>\r\n\r\n\r\n\r\n

Para leer el art\u00edculo completo, acceda al siguiente enlace: https:\/\/fundspeople.com<\/a><\/p>\r\n","protected":false},"excerpt":{"rendered":"

El mercado de reestructuraciones ha estado marcado por la Pandemia, un per\u00edodo de tres a\u00f1os entre 2020 y 2022 en el que se pusieron a disposici\u00f3n de las compa\u00f1\u00edas cantidades muy relevantes de financiaci\u00f3n mediante estrategias como los pr\u00e9stamos con cobertura ICO o la financiaci\u00f3n directa de SEPI y Cofides, con importes que han superado los 150.000 millones de euros.<\/p>\n","protected":false},"author":4,"featured_media":20698,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"acf":[],"yoast_head":"\nSpecial Situations: c\u00f3mo convertir retos financieros en oportunidades de inversi\u00f3n - NK5<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nk5.es\/en\/special-situations-como-convertir-retos-financieros-en-oportunidades-de-inversion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Special Situations: c\u00f3mo convertir retos financieros en oportunidades de inversi\u00f3n - NK5\" \/>\n<meta property=\"og:description\" content=\"El mercado de reestructuraciones ha estado marcado por la Pandemia, un per\u00edodo de tres a\u00f1os entre 2020 y 2022 en el que se pusieron a disposici\u00f3n de las compa\u00f1\u00edas cantidades muy relevantes de financiaci\u00f3n mediante estrategias como los pr\u00e9stamos con cobertura ICO o la financiaci\u00f3n directa de SEPI y Cofides, con importes que han superado los 150.000 millones de euros.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nk5.es\/en\/special-situations-como-convertir-retos-financieros-en-oportunidades-de-inversion\/\" \/>\n<meta property=\"og:site_name\" content=\"NK5\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-17T10:51:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-10T09:16:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nk5.es\/wp-content\/uploads\/2025\/02\/ManuelRocadeTogores.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"967\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"nacho.arrizabalaga@gmail.com\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"nacho.arrizabalaga@gmail.com\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nk5.es\/en\/special-situations-como-convertir-retos-financieros-en-oportunidades-de-inversion\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nk5.es\/en\/special-situations-como-convertir-retos-financieros-en-oportunidades-de-inversion\/\"},\"author\":{\"name\":\"nacho.arrizabalaga@gmail.com\",\"@id\":\"https:\/\/nk5.es\/en\/#\/schema\/person\/6cea63848dc0d7f25c3e3af3bb2575e0\"},\"headline\":\"Special Situations: c\u00f3mo convertir retos financieros en oportunidades de inversi\u00f3n\",\"datePublished\":\"2025-02-17T10:51:56+00:00\",\"dateModified\":\"2026-03-10T09:16:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nk5.es\/en\/special-situations-como-convertir-retos-financieros-en-oportunidades-de-inversion\/\"},\"wordCount\":313,\"publisher\":{\"@id\":\"https:\/\/nk5.es\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/nk5.es\/en\/special-situations-como-convertir-retos-financieros-en-oportunidades-de-inversion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nk5.es\/wp-content\/uploads\/2025\/02\/ManuelRocadeTogores.webp\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nk5.es\/en\/special-situations-como-convertir-retos-financieros-en-oportunidades-de-inversion\/\",\"url\":\"https:\/\/nk5.es\/en\/special-situations-como-convertir-retos-financieros-en-oportunidades-de-inversion\/\",\"name\":\"Special Situations: c\u00f3mo convertir retos financieros en oportunidades de inversi\u00f3n - 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