Twitter Logo Youtube Circle Icon LinkedIn Icon

The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
Click here for more details

Spain > Capital markets: Equity > Law firm and leading lawyer rankings

Editorial

Index of tables

  1. Capital markets: Equity
  2. Leading individuals
  3. Next generation lawyers

Leading individuals

  1. 1

Next generation lawyers

  1. 1

Who Represents Who

Find out which law firms are representing which Capital markets: Equity clients in Spain using The Legal 500's new comprehensive database of law firm/client relationships. Instantly search over 925,000 relationships, including over 83,000 Fortune 500, 46,000 FTSE350 and 13,000 DAX 30 relationships globally. Access is free for in-house lawyers, and by subscription for law firms. For more information, contact david.burgess@legal500.com.

CLICK HERE TO VISIT THE WHO REPRESENTS WHO SITE

As well as public offerings, Clifford Chance handles equity-linked capital markets products such as rights issues, convertible bonds and private placements. On behalf of Barclays, it assisted the managers with an additional tier 1 issue by Ibercaja Banco and, in a separate matter, advised Elaia Investment Spain on its listing on the alternative stock market (MAB). Antonio Henríquez, Yolanda Azanza and Javier García de Enterría are recommended. Former senior associate Laura Fernández left in February 2018 to become general counsel at Aliseda Inmobiliaria.

Freshfields Bruckhaus Deringer¬†is regularly involved in large equity capital markets deals. Recent examples include assisting Solaria Energ√≠a y Medio Ambiente¬†with¬†the primary and secondary offering of shares that raised ‚ā¨96.7m, and advising Unicaja Banco on the IPO of shares to¬†institutional investors for gross proceeds of ‚ā¨756m. The group also acts for underwriters, such as advising Morgan Stanley and Deutsche Bank on Metrovacesa's IPO.¬†Armando Albarr√°n¬†leads the team and¬†Alfonso de Marcos¬†made partner in May 2018.

J&A Garrigues SLP¬†advised clients such as Galil Capital, Greenalia and¬†Kingbook Inversiones on their IPOs on the MAB. It also handled several voluntary tender offers, for example advising¬†CriteriaCaixa as main shareholder of Abertis on two tender offers over the latter's shares, and assisting¬†Saeta Yield with the tender offer launched by Terraform.¬†√Ālvaro L√≥pez-Jorr√≠n¬†and¬†M√≥nica Mart√≠n¬†co-lead the team, which also includes managing partner¬†Fernando Vives, Jos√© Luis Palao¬†and Gonz√°lo Garc√≠a-Fuertes.

Linklaters'¬†'comprehensive' capital markets team provides 'sound judgement' and is 'commercial, pragmatic and proactive'. It was busy handling real estate sector transactions, such as¬†advising the global coordinators, Citigroup Global Markets and Goldman Sachs, on the initial offering by Aedas Homes of ‚ā¨734m¬†newly issued and existing shares. The group also assisted Banco Santander and Morgan Stanley, as global coordinators, with the ‚ā¨563m rights issue of media conglomerate Prisa.¬†I√Īigo Berricano¬†and¬†Jorge Alegre¬†are the names to note, as well as recently promoted counsel Juan Mar√≠a Lamo.

Ur√≠a Men√©ndez¬†covers the full range of equity work, including¬†IPOs, follow-on offerings, rights issues, accelerated bookbuild offerings, equity-linked instruments and public M&A. It assisted the board of directors of Abertis with the voluntary tender offer by Hochtief. IPO work included advising Metrovacesa and the selling shareholders as well as - in a separate deal - Aedas Homes and its sole shareholder. Managing partner¬†Luis de Carlos¬†and Javier Redonet¬†are co-leaders of the practice, with¬†Gabriel N√ļ√Īez Fern√°ndez¬†and¬†Alfonso Ventoso¬†also recommended.

Allen & Overy¬†has a broad practice advising issuers and underwriters on matters such as equity-linked instruments and high-yield and hybrid capital. Highlights were advising¬†Mubadala and Cepsa on the oil and gas company's potential IPO, and assisting an international fund with a Spanish real estate company's IPO.¬†Fernando Torrente,¬†Salvador Ruiz Bachs¬†and¬†I√Īigo del Val¬†are recommended. Counsel Teresa M√©ndez¬†joined from Cuatrecasas¬†in July 2018.

Under the leadership of Juan Aguayo, Cuatrecasas fields a large equity capital markets team including José Rodríguez and newly made-up partner Ignacio Escrivá de Romaní. It acted on several IPOs on the MAB, such as assisting Banco Santander with REIT Témpore Properties' listing. In other work, the group advised Acciona Real Estate on a non-monetary capital increase.

Latham & Watkins LLP's track record includes advising JP Morgan, Morgan Stanley, Banco Santander, BBVA, CaixaBank and UBS, as underwriters, on a rights issue. Practice head Ignacio Gómez-Sancha is a well-known practitioner in the capital market sphere. Within his team, Ignacio Pallarés is also recommended.

Recently,¬†P√©rez-Llorca¬†acted on listings on the MAB. Other work included assisting Banco Santander with the acquisition of Banco Popular, with the client completing a rights issue for a total amount of ‚ā¨7bn. It also advised packaging company DS Smith on all Spanish law matters relating to the voluntary tender offer for 100% of the issued share capital of Europac at an offer price of ‚ā¨16.80 per share.¬†Javier Carvajal¬†and¬†Pablo Gonz√°lez Mosqueira¬†are standout practitioners in¬†Julio Lujambio's team.¬†Javier G√≥mez¬†made partner in January 2018.

Ram√≥n y Cajal Abogados' capital markets team is made up of seven lawyers handling the full range of matters. Recent work includes advising¬†Inmobiliaria¬†Colonial on the public tender offer to acquire 100% of¬†Axiare¬†Patrimonio's¬†share capital, and assisting¬†the client with a¬†‚ā¨416m¬†accelerated bookbuild offering.¬†Francisco Pal√° Laguna¬†and¬†Andr√©s M√°s¬†are recommended.

A highlight for White & Case LLP¬†was assisting¬†Deutsche Bank, as global coordinator, with a¬†‚ā¨500m rights issue of, and¬†a ‚ā¨121.5m private placement by way of an accelerated book-building process for, Liberbank.¬†In a quiet local market,¬†Yoko Takagi¬†was active advising on several London Stock Exchange and New York Stock Exchange IPOs.¬†Juan Manuel de Remedios¬†heads the group, which saw the departure of¬†Jos√© Blanco, who joined¬†Ram√≥n y Cajal Abogados¬†in October 2018.

Baker McKenzie's 'always available' team is 'solution oriented' and 'knows the capital markets product'. It recently advised on a potential listing on the MAB. Enrique Carretero leads the team and associate Ignacio Corujo 'looks out for the client's interests' and 'handles even the most complex of issues'.

A highlight for¬†CMS Albi√Īana y Su√°rez de Lezo¬†was acting for Lazard on Abertis' IPO. The capital markets team also assisted¬†Fundaci√≥n Bancaria Unicaja, the major shareholder of Unicaja, with the latter's ‚ā¨757m IPO process.¬†Carlos Pe√Īa¬†is recommended. Counsel¬†Ignacio Ramos¬†joined from¬†Clifford Chance¬†in July 2018, while former partner Curra Munuera¬†left in May 2018 to work in house at¬†Banco Caminos.

DLA Piper LLP¬†handled an IPO on the MAB and advised¬†Abengoa on¬†five share capital increases for an effective amount of up to ‚ā¨7.5m in the context of its financial restructuring.¬†I√Īigo G√≥mez-Jordana¬†is recommended.

Clients appreciate that Gómez-Acebo & Pombo's capital markets team is 'very flexible' and 'very available for follow-up questions'. It has recently handled some finance and refinance transactions and counts numerous banks and funds, such as BBVA, Banco Sabadell and Zambal Spain, as clients. Santiago Gómez-Acebo, Miguel Lamo de Espinosa and Guillermo Guerra are noted.

Herbert Smith Freehills LLP acts for corporations, investment banks and other financial institutions on a variety of capital markets instructions. Recent work includes assisting P3 Spain Logistic Parks with its listing on the MAB. Alberto Frasquet and Pablo García-Nieto are the key names.

KPMG Abogados¬†advised M√°sM√≥vil on its listing in the Spanish stock market - the first time a company previously listed on the MAB transferred to the Mercado Continuo. It also assisted biotech company ADL Bionatur with a share capital increase.¬†Augusto Pi√Īel Rubio¬†led the advice on both matters.

ONTIER assisted digital learning platform Netex with its listing on the MAB and regularly acts for listed companies on corporate governance matters. Ramón Ruiz de la Torre Esporrín's 'negotiation capacity and deep knowledge of the market and its players' are 'very valuable' to clients.

Interview with...

Law firm partners and practice heads explain how their firms are adapting to clients' changing needs

International Law Firm Networks

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

GC Powerlist -
Europe

International Law Firm Networks

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments in Spain

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to