International financial advisory firm Eight Advisory has expanded its footprint in the European market with the launch of a new office in Spain.

In a statement, it said Spain has become the seventh European market where Eight Advisory is based, with the new office in Madrid located on Paseo de la Castellana.

Outside of Europe, Eight Advisory also has a hub in the United States.

“This strategic move further strengthens our geographic reach,” said Eric Demuyt, managing director and partner at Eight Advisory, “and will allow us to respond to our clients’ growing interest in the Spanish market.”

The consulting firm has been working for clients in the country since 2012 through a Spanish speaking team staffed from its other offices, mainly in the area of deals and restructuring.

Eight Advisory provides financial due diligence and transaction support services to mid-market companies, family-run businesses and private equity funds.

“We are fully committed to supporting deals up to their execution. Our approach as an independent advisory is an integral part of our DNA and enables us to maintain close working relationships with our clients and with all the stakeholders involved during the due diligence process,” said Gennat Mouline, who leads the Madrid office.

Headquartered in France, Eight Advisory has a team of over 850 consultants.