Euroconsult S.A. (CATS:ECG) signed an agreement to acquire 51% stake in Proes Consultores Sa from the management on November 26, 2014. The consideration will be paid through a share swap wherein Euroconsult will carry out a non-monetary capital increase that will be subscribed by the shareholders of Proes. Pursuant to the transaction, the management will hold 10% stake in Euroconsult S.A. The transaction is divided into two stages: in the first stage, Euroconsult will acquire 51% of Proes and the rest of Proes Consultores will be acquired in January 2017.

On February 26, 2015, it was announced that Euroconsult S.A. satisfactorily concluded the process of due diligence and Euroconsult S.A will proceed to convene the appropriate general meeting of shareholders, whose approval the capital increase is subject to. Inley acted as legal advisor and QRenta acted as consultant for Euroconsult. MV Auditores provided due diligence in the transaction.