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Corporate / M&A

The life of a business never remains static. Corporate activity drives the business world and attracts ever increasing scrutiny and regulation. The outlook for M&A is changing and the biggest issue is how to deal with more distressed M&A than ever before, while focusing on thinking on green field investments versus international acquisitions.

Way beyond the boundaries of any prediction, different scenarios are now unfolding, from the optimisation of processes and cash flow to stabilisation programmes or, in some cases, bankruptcy. Companies face the emergency of another level of complexity from the sudden arrival of a raft of previously unforeseen circumstances with far-reaching implications for businesses and their people.

Whatever your opportunities or challenges may be, our team is specially designed to understand your business needs and provide crucial advice in each transaction.

We can help you shape your strategy, manage risks and make the most of business opportunities in these areas:

  • Mergers, Acquisitions and Investments
  • Private Equity (LBOs, MBOs and MBIs)
  • Companies Restructurings
  • Corporate Finance
  • Joint Ventures and Strategic Alliances
  • Corporate Governance
  • Privatisations
  • Restructuring and Reorganisations of National and International Groups

We have an in-depth knowledge of how corporate M&A law applies in practice across different markets and with cross-disciplinary teams, we work to provide advice close to our clients’ needs.


Employment issues in M&A transactions in Portugal
A. Share Deal There are no consequences on employment conditions in this case and no notifications are necessary as there is no change of employer. Although there is no obligation arising directly from...
Turning the Corner? CMS European M&A Outlook 2024
We are pleased to share with you the 2024 edition of the European M&A Outlook, published by CMS in association with Mergermarket.
Law and regulation of private placement of common stock in Portugal
1. Prospectus requirement Offer to the public. Admission to trading of securities on a regulated market. 2. Prospectus exemptions Key exemptions (subject to further requirements not detailed below)...
Boom & Gloom? CMS European M&A Outlook 2023
We are pleased to share with you the 2023 edition of the European M&A Outlook published by CMS in association with Mergermarket.
CMS Next
What’s next? In a world of ever-ac­cel­er­at­ing change, staying ahead of the curve and knowing what’s next for your business or sector is essential. At CMS, we see ourselves not only as your legal advisers but also as your business partners. We work together with you to not only resolve current issues but to anticipate future challenges and innovate to meet them. With our latest publication, CMS Next, our experts will regularly offer you insights into and fresh perspectives on a range of issues that businesses have to deal with – from ESG agendas to restructuring after the pandemic or facing the digital transformation. We will also share with you more about the work that we are doing for our clients, helping them innovate, grow and mitigate risk. To be able to provide you with the best support, we immerse ourselves in your world to understand your legal needs and challenges. However, it is equally important that you know who we are and how we can work with you. So, we invite you to meet our experts and catch a glimpse of what is happening inside CMS. Enjoy reading this publication, which we will update regularly with new content. CMS Executive Team
Meet the Law - Profit Participation Loan
On 13 January, entered into force the legal regime of the Profit Participation Loans (RJEP), approved by Decree-Law No. 11/2022, of 12 January. The Profit Participation Loan (PPL) is presented as an instrument...
The transparency register in the 4th AML directive in Portugal
1. What is the current legal basis of the Transparency Register? To what extent has the Directive been implemented? The Directive was implemented recently by means of Law 58/2020, which came into force...
Legal guide for company directors and CEOs in Portugal
ESG obligation for Directors and CEOs 1. Do existing directors’ duties contain obligations that apply to matters that could be categorised as an ESG consideration, e.g. the environment, employee welfare? ...
IFLR 1000 highlights CMS Portugal's M&A and Restructuring & Insolvency...
CMS Portugal is, once again, recognised in the ranking of the prestigious international directory, IFLR 1000, this time in the M&A and Restructurings & Insolvency practices. The individual distinctions...
Meet the Law
Payment and electronic currency institutionsOn 9 April 2021, it was published Bank of Portugal Notice no. 2/2021 (Notice 2/2021), which sets out the regulatory framework applicable to the activity of...
Meet the Law - COVID-19 exceptional and temporary measures
In accordance with Decree-Law no.22-A/2021, March 17th, in force since 18 March:-  General meetings of commercial companies, associations or cooperatives, which must be held due to legal or statutory...
Meet the Law - Wind and Solar Power Stations – Property Tax
The Portuguese Tax Authorities (“PTA”) have issued a new understanding – Circular no. 2/2021 of March 3, 2021 – regarding the controversial issue of Property Tax on wind and solar power stations...