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Linklaters

ALMAGRO, 40, 28010 MADRID, SPAIN
Tel:
Work +34 91 399 6000
Fax:
Fax +34 91 399 6001
Web:
www.linklaters.com
Abu Dhabi, Amsterdam, Antwerp, Bangkok, Beijing, Berlin and 25 more

Spain

Banking and finance
Banking and finance - ranked: tier 1

Linklaters

Linklaters’ team has a proven track record acting for local and international corporations, private equity firms and financial institutions. Alejandro Ortiz, José Giménez and Carmen Burgos led assistance to CLH Healthcare with the sale of 20% of its share capital, held by Omán Oil Company and AMP Capital, in a €917m transaction, which also included advising the sponsor and borrower on sponsoring the acquisition. Ben Crosse acted for a syndicate of lenders on the amendment of an existing €1.7bn facility agreement connected to Merlín’s and Metrovacesa’s merger in a €1.8bn transaction. Pedro de Rojas and Juan Barona are also recommended.

Leading individuals

Ben Crosse - Linklaters

Juan Barona - Linklaters

Pedro de Rojas - Linklaters

Next generation lawyers

Begoña Martínez - Linklaters

Cosme Colmenero - Linklaters

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 1

Linklaters

Linklaters’ ‘top-notch’ practice is praised for ‘its industry knowledge, agility, pragmatism and quick responses’. The practice advised Siemens on merging its wind power business with Gamesa, in the largest M&A transaction of 2016. It also assisted a consortium of institutional investors, including JP Morgan, the Abu Dhabi Investment Council, Swiss Life and Covalis Capital, with the acquisition of Naturgás and its subsidiaries with a transaction value of approximately €2.6bn. Alejandro Ortiz, Alexander Kolb, Víctor Manchado, and José Giménez, who heads the firm’s public law department, are key contacts.

Leading individuals

Alejandro Ortiz - Linklaters

Alexander Kolb - Linklaters

Next generation lawyers

Esteban Arza - Linklaters

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Dispute resolution
Dispute resolution - ranked: tier 2

Linklaters

Linklaters’ team is ‘fully prepared and proactive, strong in dealing with employment law conflicts’. The firm recently advised FCC on the Spanish scheme of arrangement relating to its high-profile refinancing agreement, and is subsequently acting for the client in a judicial review filed by creditors challenging the scheme of arrangement. Other clients include Punto Fa (Mango) and Abeinsa (part of Abengoa). The key contacts are Vicente Sierra and Borja Fernández de Trocóniz.

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EU and competition
EU and competition - ranked: tier 2

Linklaters

At Linklaters, the team stands out for its ‘complete availability and very fast response times – it always goes the extra mile’. It acts on complex, high-value matters in the competition space, particularly with respect to key merger control mandates; recent highlights include advising a consortium of investors on the acquisition of Naturgas and its subsidiaries from EDP. Jaime Pérez-Bustamante is the name to note.

Leading individuals

Jaime Pérez-Bustamante - Linklaters

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Private equity
Private equity - ranked: tier 1

Linklaters

Highlights for Linklaters’ team included acting for a consortium of institutional investors on the €2.6m acquisition of natural gas distribution corporation Naturgas and its subsidiaries from Energías de Portugal. Other work included Victor Manchado acting for Banco Santander and others on the €1.8bn sale of Allfunds Bank to funds affiliated with Hellman & Friedman and GIC. The seven-lawyer group is led by Alejandro Ortiz. Alexander Kolb, Lara Hemzaoui and Carmen Burgos and associate Esteban Arza are also noted.

Leading individuals

Alejandro Ortiz - Linklaters

Next generation lawyers

Esteban Arza - Linklaters

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Projects and energy
Projects and energy - ranked: tier 1

Linklaters

Linklaters advises key players in the energy sector on issues ranging from regulatory to financing matters. The team advised Abengoa and 48 group companies on the implementation of a global restructuring aimed at reducing its existing debt from €8.9bn to €2.6bn. Other clients include Siemens, Iberdrola, Gas Natural and Enagás. José Giménez, Alejandro Ortiz, Juan Barona and Pedro de Rojas are noted.

Leading individuals

José Giménez - Linklaters

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Public law
Public law - ranked: tier 2

Linklaters

At Linklaters, practice head José Giménez is a ‘prestigious’ name in the market. The group advises clients including Iberdrola, Telefónica, Enagás, Siemens and OTTP on a variety of matters, including administrative and regulatory issues.

Leading individuals

José Giménez - Linklaters

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Real estate and construction
Real estate and construction - ranked: tier 2

Linklaters

Linklaters, which provides ‘commercially oriented’ advice, acts for domestic and international clients at all stages of the real estate cycle and is applauded for its technical excellence and broad coverage. In one highlight, it advised Neinver and TH Real Estate on the acquisition of the Nassica Shopping Centre from KKR. Intu Properties, Apollo Global Management, Cerberus Capital Management and UBS are clients. Practice head Rafael Molina is the key contact. Managing associate Gabriel Cabello is also noted.

Leading individuals

Rafael Molina - Linklaters

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Restructuring and insolvency
Restructuring and insolvency - ranked: tier 1

Linklaters

Linklaters is particularly active in areas such as corporate and real estate restructuring, assisting with the two largest restructurings in Spain; Pedro de Rojas recently acted for Abengoa and the ad hoc group of bondholders in the Isolux case. Other highlights include acting for Bank of America Merrill Lynch (BAML) on the insolvency proceedings of Hotel Puerta Castilla.

Leading individuals

Pedro de Rojas - Linklaters

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Tax
Tax - ranked: tier 2

Linklaters

Linklaters’ team has ‘deep knowledge of the latest market developments’ and extensive experience in the tax aspects of capital market transactions and restructurings. Javier García-Pita recently led advice to a consortium of investors on tax matters relating to the acquisition of Naturgas and assisted Centerbridge with the sale of Vela Energy to Sonnedix. María Cortizas, formerly a consultant with the firm, joined Dentons as a partner in 2019.

Leading individuals

Javier García-Pita - Linklaters

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Spain: Capital markets

Debt
Capital markets: Debt - ranked: tier 1

Linklaters

Linklaters’ capital markets team is praised for its ‘knowledge of the sector and fast response to clients’ queries’. Federico Briano, Jorge Alegre and Iñigo Berricano led advice to BNP Paribas, as the bookrunner, on Telefónica’s hybrid bond issue valued at €1bn. Other clients include Abengoa, OHL, Bank of America and Banco Santander. Associates Juan María Lamo and Pablo Medina are noted.

Leading individuals

Iñigo Berricano - Linklaters

Jorge Alegre - Linklaters

Next generation lawyers

Juan María Lamo - Linklaters

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Equity
Capital markets: Equity - ranked: tier 1

Linklaters

Linklaters’ team is praised for its ‘responsiveness, commitment and knowledge of the sector’. Highlights included advising UBS, as global coordinator, bookrunner and underwriter, on Banco Santander’s capital increase via a rights issue (intended for the acquisition of Banco Popular); the team also assisted Credit Suisse Securities (as global coordinator and bookrunner) on the €780m initial offering of 60% of the share capital in Neinor Homes. Iñigo Berricano, Federico Briano and Jorge Alegre are recommended. Associate Juan María Lamo is also noted.

Leading individuals

Iñigo Berricano - Linklaters

Next generation lawyers

Juan María Lamo - Linklaters

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Spain: Industry focus

TMT
Industry focus: TMT - ranked: tier 3

Linklaters

Linklaters is well-respected in the telecoms sector; José Giménez is leading advice to Telefónica on regulatory matters and to BT on legislation relating to the monitoring and prevention of malicious communications. Other notable work includes advising beIN Sports on its tender process to acquire audio-visual rights relating to the Spanish football league.

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Further information on Linklaters Business Services

Please choose from this list to view details of what we say about Linklaters Business Services in other jurisdictions.

United Arab Emirates

Offices in Dubai and Abu Dhabi

Angola

Belgium

Offices in Brussels and Antwerp

China

Offices in Shanghai and Beijing

Germany

Offices in Berlin, Frankfurt, Munich, and Dusseldorf

Spain

Offices in Madrid

France

Offices in Paris

Hong Kong

Offices in Hong Kong

Iran

Indonesia

India

Italy

Offices in Rome and Milan

Japan

Offices in Tokyo

London

Offices in London EC2Y and London EC2Y

Luxembourg

Offices in Luxembourg

Myanmar

Morocco

Malaysia

Mozambique

Netherlands

Offices in Amsterdam

Philippines

Poland

Offices in Warsaw

Portugal

Offices in Lisbon

Russia

Offices in Moscow

Sweden

Offices in Stockholm

Singapore

Offices in Singapore

South Korea

Offices in Seoul

Saudi Arabia

Offices in Riyadh

Thailand

Offices in Bangkok

Tunisia

United States

Offices in New York and Washington, D.C.

Vietnam

Legal Developments in Spain

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