Clifford Chance, a Magic Circle firm with offices in both Madrid and Barcelona, is active across a broad range of industries, having handled standout deals in the sports, telecoms, energy, healthcare, finance and pharmaceutical sectors. The group has recently witnessed a couple of noteworthy developments, namely Luis Alonso’s promotion to practice head and the appointment of Javier Amantegui as leader of the firm’s European financial investors practice. Former practice head Javier García de Enterría remains active in the team as an of counsel, and the department is also able to leverage the considerable experience of Jaime Velázquez, managing partner of the firm’s Spain operations. Beyond the partner level, senior associate Pablo Murcia has been particularly active in the department's recent workload, which encompasses multi-jurisdictional M&A, public takeovers, joint ventures, restructurings, corporate governance and general commercial matters.
Commercial, corporate and M&A in Spain
Clifford Chance
Practice head(s):
Luis Alonso
Other key lawyers:
Javier Amantegui; Javier García de Enterría; Jaime Velázquez; Pablo Murcia; Guillermo Guardia; Samir Azzouzi; Javier Olabarri Azagra
Testimonials
‘It is an excellent team with extensive experience in the sector. They are fast, agile, and very smart.’
‘Luis Alonso is our reference partner in Spain. He is a very hard-working and intelligent person. He is able to understand complex industry / business issues fairly quickly and generates a lot of value by bringing fresh perspectives to discussions. He is not a partner that only executes what is ordered but generates a lot of value in the solution itself. I would also highlight Pablo Murcia.’
‘It is a very competent team, with a lot of experience and with very good availability and treatment.’
‘Experience, knowledge and dedication.’
‘The sum of Luis Alonso and Javier Olabarri in M&A transactions seems to me like a ticket that today has no equivalent in any office. To the excellence of each one of them individually, is added the fact that there is a perfect coordination between them and that they have personal characteristics that complement each other perfectly.’
‘The team stands out for the extraordinary academic preparation of its members and the solid professional experience in all areas of commercial law, with an excellent relationship with all stakeholders, including the competition. In addition, they adapt perfectly to the demands of the client and their times.’
‘Experience and pragmatic approach always. The glass will always be half full and never half empty. The problems that arise are always accompanied by practical, never theoretical, alternative solutions. I’d highlight Luis Alonso and Javier García de Enterría.’
Key clients
ACS
Telefónica
Cellnex
Masmovil
Elliott
KKR
Finerge
Cinven
Cubico
Real Madrid
Key Capital
Vauban (formerly known as Mirova Infrastructure)
Cecabank
Total
Macquarie Infrastructure and Real Assets
Galp
Permira
Banco Inversis
Sabanci
Abanca
ACS
Telefónica
Cellnex
Masmovil
Elliott
KKR
Finerge
Cinven
Cubico
Real Madrid
Key Capital
Vauban (formerly known as Mirova Infrastructure)
Cecabank
Total
Macquarie Infrastructure and Real Assets
Galp
Permira
Banco Inversis
Sabanci
Abanca
Work highlights
- Advised Telefonica on the merger of its UK subsidiary O2 with Liberty Global’s Virgin Media.
- Advised Masmovil on the friendly €2bn takeover bid made over Euskaltel and, previously, on the friendly €5bn takeover bid made over Masmovil by KKR, Cinven and Providence.
- Advising the promoters of the European Super League on the legal aspects concerning the project, including the foundational agreements, the €4bn financing committed by JPM, and corporate, antitrust and regulatory matters.
Garrigues
A local firm highlighted for its 'absolute mastery of matters' and with a far-reaching international network, Garrigues is able to leverage its overseas offices in Brussels, London, Lisbon, Warsaw, China, New York, Morocco and Latin America when engaged on multi-jurisdictional transactions. The team excels across an array of transactions, including public takeovers, public M&A, joint ventures, disposals and corporate restructurings, and demonstrates the capabilities to support on all relevant considerations, including competition, antitrust and corporate governance. Mónica Martín de Vidales has overseen countless deals pertaining to private and listed companies; she leads the practice jointly with Àlvaro López-Jorrín, a lawyer who brings over 20 years of experience advising on large deals to the table. Fernando Vives, the firm’s executive chairman and managing partner, remains an active member of the team, complementing his transactional expertise with a track record in advising boards of directors and at shareholders’ meetings. Other standouts include up-and-coming partner Sergio González Galán, especially well regarded within the telecoms, audiovisual and energy sectors, and principal associate Beatriz Amillo, noted as ‘an important pillar of the team'.
Practice head(s):
Mónica Martín de Vidales; Álvaro López-Jorrín
Other key lawyers:
Fernando Vives; Sergio González Galán; Beatriz Amillo
Testimonials
‘The Garrigues team is of unmatched excellence and professionalism. They care about thoroughly understanding the client’s business, and knowing what the specific concerns and objectives of the operation are, planning and executing it with attention to detail but without losing sight of the full picture. They also approach every project with humanity and empathy, always looking for a win-win solution.’
‘Sergio Gonzalez Galan is undoubtedly my lawyer of reference within the firm, he is always available to help. He is a deeply human and empathetic person who is capable of putting himself in the client’s shoes. He has a great capacity for understanding the situation and the client’s problems and is capable of anticipating and solving the most complex problems, making even a complicated solution seem easy. Beatriz Amillo, who is another important pillar of the team, also stands out.’
‘Identification with the client and its practicality in approaching the issues. As a client I feel that they are part of the team and that being excellent professionals they make an additional effort to integrate into the project and team up with the client. I would also highlight their culture of service, they try to help in everything you need.’
‘It is a plus as an office. As a client, putting yourself in their hands gives you maximum peace of mind and confidence.’
‘Total empathy with the client and their needs. Absolute mastery of matters. Flexibility. Availability. Monica Martín de Vidales and Beatriz Amillo are standouts.’
Key clients
Telefónica
Banco Bilbao Vizcaya Argentaria
IAG (International Airlines Group)
Iberdrola
Red Eléctrica
Enel
Blackstone
Bankinter
Prosegur
Merlin Properties
Work highlights
- Provided advice to Telefónica and Telxius on the sale of Telxius’ tower division to American Tower Corporation, comprising approximately 31,000 existing telecommunication tower sites in Europe and Latin America, for €7.7bn.
- Advised Bankia on its merger by absorption with CaixaBank; the deal created approximately €16.6bn of combined market capitalisation and €650bn of combined total assets.
- Advised Iberdrola on the acquisition (by way of merger) by Iberdrola’s US listed affiliate Avangrid Inc of PNM resources for $4.3bn.
Linklaters
At Magic Circle firm Linklaters, the lawyers ‘stand out for their technical excellence and considerable experience in the field of M&A’. The department is home to vast sector expertise, with a particular emphasis on highly regulated industries, and is headed by Víctor Manchado, a star name for both public and private deals. Senior partner Alejandro Ortiz is a go-to partner for major takeover bids, and Carmen Burgos excels in M&A, joint ventures and commercial agreements, particularly those within the TMT industry. Also integral to the offering is Alexander Kolb, a public M&A specialist who often works on listed company mergers and public-to-private transactions, as well as energy and infrastructure expert Lara Hemzaoui. Esteban Arza, who was promoted to partner effective May 2022, is establishing a prominent reputation for cross-border acquisitions, auction processes and restructurings.
Practice head(s):
Víctor Manchado
Other key lawyers:
Alejandro Ortiz; Alexander Kolb; Lara Hemzaoui; Carmen Burgos; Esteban Arza; José Giménez; Jaime Zurita; Jesús Alfaro
Testimonials
‘Agile team capable of adapting to the particular circumstances of the project and the client. They have been quick to propose alternatives to problems that arise with the project underway, without penalizing the result.’
‘Teamwork with the rest of the areas of its own office and coordination with the client.’
‘The lawyers stand out for their technical excellence and considerable experience in the field of commercial and corporate law and M&A.’
‘Excellent technical knowledge, extensive experience, proactivity in the search for solutions. I’d highlight Alejandro Ortiz and Esteban Arza.’
Uría Menéndez
Uría Menéndez benefits from having a broad domestic network in addition to overseas offices in London, Brussels, Lisbon, New York and locations in South America. Key points of differentiation for the practice include its notably low leverage ratio, fielding 30 partners to 100 lawyers, as well as its proficiency in deals which involve Latin American jurisdictions. Francisco San Miguel is particularly accomplished when it comes to deals in the finance sector and co-heads the practice alongside Manuel Echenique, who serves as counsel to a number of Spain’s largest listed entities. The ‘outstanding’ Rafael Núñez-Lagos is a favourite among clients and is a key contact for infrastructure-related deals, in addition to corporate governance and corporate conflict issues.
Practice head(s):
Manuel Echenique; Francisco San Miguel
Other key lawyers:
Juan Francisco Falcón; Christian Hoedl; Antonio Herrera; Rafael Núñez-Lagos; Juan Martín Perrotto; Jaime Pereda; Pedro Ravina; Eduardo Bagaría; Martín Jordano
Testimonials
‘I’d highlight their great knowledge of the subjects, their availability, their adaptation to changing or supervening circumstances.’
‘Standout names include Juan Martín Perrotto and Rafael Núñez-Lagos.’
‘They form an extraordinary team, well coordinated and very solid.’
‘Outstanding partners: Juan Martín Perrotto, Rafael Nuñez-Lagos. Outstanding associate: Martín Jordano.’
‘Uría Menéndez’s is a broad team whose performance does not change despite operations extending over time: team members may vary but delivery is the same.’
‘They offer a plus of creativity in the solutions, and they present them with naturalness and simplicity; they do not seek to complicate the answers but to give the practical essence. Rafael Nuñez-Lagos is a star name.’
Key clients
CaixaBank
Telefónica
GIC
Global Infrastructure Partners
Unicaja
Banco Santander
Apax Partners
Helia Renovables
Bridgepoint
Global Payments
Plenium Partners
Eurazeo
China Three Gorges
Prisa
Grupo Santillana
GPF Capital
Ferrovial
GlovoApp23
Allen & Overy
‘An excellent team’ with ‘a commercial orientation and focus on closing the deal’, Magic Circle firm Allen & Overy excels in a wealth of M&A transactions, including opportunistic, strategic, inbound, private and public deals. A key point of differentiation for the practice, owing to the dedicated expertise of Ignacio Hornedo, among others, is its first-rate reputation for energy-related transactions. Fernando Torrente is a specialist in corporate governance, reorganisations and joint ventures, often acting on big-ticket transactions with the support of counsel Teresa Méndez. Iñigo Del Val is noted as ‘one of the best M&A professionals in Spain’, while at the senior associate level, Bosco De Checa is an up-and-coming lawyer with exposure to a number of different sectors, including media and retail.
Practice head(s):
Fernando Torrente; Íñigo del Val; Ignacio Hornedo; Pablo Mayor
Other key lawyers:
Teresa Méndez; Bosco De Checa
Testimonials
‘They are an excellent firm in this practice. Excellence in execution. They focus on the important points. Commercial orientation and focus on closing the deal.’
‘Good value for money. Excellent customer support.’
‘Bosco De Checa is a very good lawyer who cares about his client.’
‘Both Iñigo del Val and Ignacio Hornedo are some of the best M&A professionals in Spain. Of them I highlight their flexibility, customer service and putting themselves in our shoes, their excellent predisposition and character.’
‘Iñigo del Val is a very close partner; always available and knowing how to understand well the interests of their clients, what is important and what is not, etc.’
‘Iñigo del Val is outstanding.’
‘Team very involved in all points of view of the operation. Very proactive.’
‘Beyond availability, the team stands out for its knowledge of the sector and, in particular, for focusing on practical solutions that facilitate the achievement of objectives.’
Key clients
EQT
Repsol
Banco Santander
Iberdrola
Eolia Renovables
AMP Capital
Advent
Banco Sabadell
Santander Consumer Finance
Acciona
Corporación Masaveu
Infracapital
Work highlights
- Advised EQT on the acquisition of Idealista, the online real estate classifieds platform, from fund Apax Partners LLP for an amount of €1.35bn.
- Advised Liberty Global on its £31.4bn joint venture with Telefónica to merge Virgin Media and O2’s fixed, broadband and mobile businesses in the UK.
- Advised global communications infrastructure leader American Tower Corporation (American Tower) on its agreed acquisition of the towers division of Telxius Towers business in Europe and LatAm from Telefónica.
Cuatrecasas
Highly regarded domestic firm Cuatrecasas is particularly active on the cross-border front, owing to an expansive office network spread across Iberia, the UK, the US, Latin America, Africa, Asia and the Middle East. Madrid-based partner Javier Villasante, noted for his expertise in energy and infrastructure-related deals, jointly leads the practice with Victor Xercavins, who operates from Barcelona, having previously served as managing partner of the firm’s New York office. The practice is often instructed on the market’s largest transactions and is especially well equipped to handle transactions affected by Spain’s new FDI controls, introduced in March 2020.
Practice head(s):
Javier Villasante; Víctor Xercavins
Other key lawyers:
Federico Roig; Raimundo Segura; Juan Aguayo; Alejandro Payá
Key clients
SANOMA
EL CORTE INGLÉS
TERMINALES PORTUARIAS
MUTUA MADRILEÑA
DELIVERY HERO
MEDIA MARKT SATURN
GRUPO CATALANA OCCIDENTE
QUABIT INMOBILIARIA
PERNOD RICARD
SONNEDIX
Work highlights
- Advising Vinci on the acquisition of the energy business of ACS, Actividades de Construccion y Servicios.
- Advising Platinum Equity on acquiring Urbaser.
- Advising Kensington Capital Acquisition, a special purpose acquisition company, on a merger agreement with Wallbox, and its subsequent admission to trading on the New York Stock Exchange.
Gómez-Acebo & Pombo
Gómez-Acebo & Pombo’s ‘excellent’ M&A practice has handled transactions across a broad range of sectors recently, including in the hospitality, insurance, retail, technology, pharmaceutical and energy industries. Iñigo Erláiz has specialist experience in respect of restructuring and insolvency-led transactions; he leads the practice jointly with Fernando de las Cuevas, a lawyer who is particularly focused on inbound work, serving as co-head of the French desk and lead of the China desk. Guillermo Guerra Martín is the resident takeover bid and corporate governance expert; meanwhile, Augusto Piñel is the go-to for deals in the financial services sector, often working alongside the finance and tax practices on the structuring and financing of major deals.
Practice head(s):
Iñigo Erláiz; Fernando de las Cuevas
Other key lawyers:
Augusto Piñel; Estibaliz Aranburu; Guillermo Guerra Martín
Testimonials
‘The team is really excellent. In my opinion, it is not only their experience in this area, but also their high level of empathy when it comes to perceiving our needs and the evaluation of risks in the negotiation.’
‘It differs in the advice provided and in its proximity to the client, flexibility and in the search for practical business-oriented solutions.’
‘Guillermo Guerra is a brilliant professional. Excellent technically and in relation to dealing with the client.’
‘Specialists in corporate law of listed companies.’
‘Closeness, client/business orientation. High availability, especially Guillermo Guerra.’
‘Guillermo Guerra is undoubtedly an outstanding lawyer in corporate and corporate governance matters and especially in relation to listed companies. His knowledge of this area makes him stand out.’
‘It is a team with a lot of experience that adapts perfectly to the needs of the client and the specific operation. They form a team with the rest of the participants in the transaction and dedicate as much time as necessary, regardless of the size of the operation. High quality of work and follow-up of the result.’
‘Since the entry of Augusto Piñel, the practice has been reinforced with a greater orientation towards collaboration and client follow-up.’
Key clients
CASER
Meridiam
Grupo Prisa
Cellnex Telecom
BFA Tenedora de Acciones (BFA)
Mediterráneo Vida
Elliot Advisors
LOGISTA
NIKE
IVECO
HYUNDAI
Work highlights
- Advising BFA Tenedora de Acciones (a 100% FROB entity and owner of 61.81% of Bankia) on all aspects related to the merger process between Bankia and CaixaBank.
- Provided advice to Meridiam Investments on the acquisition by Meridiam Investments and Bestinver of the participations of Acciona Concesiones, Acciona Servicios Hospitalarios and Acciona Construccion in eight Spanish concessions.
- Advised SEPI in connection with the temporary financial assistance to be provided to Duro Felguera.
Pérez-Llorca
In addition to its Madrid offices, local independent firm Pérez-Llorca is present in Barcelona, New York and London; its corporate and M&A offering is fronted by Javier Carvajal, a veteran who has advised on numerous takeover bids, joint ventures and cross-border M&A transactions. Senior partner Pedro Pérez-Llorca has played a role in some of the market’s largest deals throughout his illustrious 25-year career, and the team also includes Alfredo Lafita, a practitioner with a focus on M&A, shareholder and purchase agreements, corporate governance mandates, joint ventures and restructurings. At the more junior end of the partnership spectrum, Carmen Reyna acts for both domestic and international clients, guiding them at all stages of the transactional process, from letters of intent to resulting shareholders’ agreements. In a recent development, corporate and commercial law expert Nasif Hamed was promoted to partner in January 2022.
Practice head(s):
Javier Carvajal
Other key lawyers:
Pedro Pérez-Llorca; Alfredo Lafita; Carmen Reyna; Pablo González Mosqueira; Julio Lujambio; Nasif Hamed
Key clients
CVC Capital Partners
Blackstone
Oaktree
Banco Santander
LetterOne
Cellnex
Grupo Prisa
Indra Sistemas
Rhone Capital
Iberdrola
Work highlights
- Advising CVC in relation to its 20% stake in Naturgy and the partial takeover bid for this company announced on 26 January by IFM, for an amount of €5.06bn.
- Advising Volotea on the first transaction in the airline sector where a fix-it-first solution has been proposed within the framework of a concentration at a European level.
- Advised Trilantic Capital Partners throughout the whole M&A process on the sale of 100% of its shares in Vertex Bioenergy, alongside 100% of the minority shareholders’ stake, to DWS Group.
Araoz & Rueda
Araoz & Rueda, an independent firm which started out as a corporate transactions boutique, demonstrates a strong capacity to handle a range of transaction types, including M&A, spin-offs, joint ventures, national and international contracts and day-to-day commercial affairs. Pedro Rueda and Israel De Diego jointly front the practice, which is home to specialist knowledge in the health, food and beverage, pharmaceutical, construction, media, transport, logistics and renewable energy sectors. The recently promoted Guillermo Bueno is a key practitioner in the team, often acting on the due diligence and contract drafting components of transactions.
Practice head(s):
Pedro Rueda; Israel de Diego
Other key lawyers:
Alejandro Fernández de Araoz; Francisco Solchaga; Guillermo Bueno; Vicente Paramio
Testimonials
‘The team was very responsive, even late at night and provided a level of service akin to London City law firms.’
‘The firm provided a very seamless service on a complex M&A transaction, with Pedro Rueda very much leading from the front and being the key contact at all times, obtaining input from specialists as and when needed. Strong, partner led team that anticipated what we wanted and how we like to work. They spend time building the relationship and their style is very much a trusted adviser. They make deals easier, especially for those with less experience of the Spanish market.’
‘Pedro Rueda is very strong, pragmatic, calm, charming and statesman like – someone we were very pleased to have on our side in difficult negotiations. Someone we trusted from the outset. Provided very clear, straightforward advice on complex issues and was always ready with solutions to issues that arose.’
‘Vicente Paramio is a strong performer, always available and conscious of the need to explain Spanish-market specific practices to us.’
‘Araoz has a team with a lot of experience, they answer any request in less than 24 hours and with an irrepressible quality.’
‘I have already worked with Pedro Rueda and Guillermo Bueno; they are all exceptional, considering the experience of each one. Organisation, control of the entire process and responsiveness is common to all.’
‘The main singularity is that they combine the capacity of large firms with the efficiency and craftsmanship of medium-sized firms, always dedicating adequately dimensioned team.’
‘They are all very solid lawyers with great experience, which means that they are always very focused on the economic-business context of the operations with a fluent handling and creativity of the law.’
Key clients
Molecor Tecnología
Affluence Corporation
Strategy Analytics
Abantos Desarrollo Empresarial
Bomi Italia, SpA
Assa Abloy Global Solutions Ibérica
Winchannel
The Phone House Spain
Axway Software Iberia
Avanza Spain
Amundi Private Equity
A Contracorriente Films
ENI
Vivendi
Work highlights
- Provided advice to ENI on the acquisition of Spanish electricity and gas trading company Aldro Energía.
- Advised Grupo Orpea on the acquisition of Hestia hospital group.
- Provided advice to the French fund Amundi Private Equity Funds on the acquisition of the group of companies led by the Spanish company The Reffeer Group.
Ashurst LLP
Silver Circle firm Ashurst LLP is equipped to support on the full spectrum of corporate transactions, namely M&A, joint ventures and partnerships, corporate restructurings and private equity deals. Under the leadership of María José Menéndez, a specialist in the financial services and insurance industries, the team includes infrastructure deal expert Jorge Vázquez, as well as Pedro Ester, who is especially active in the field of real estate-related M&A. The four-partner team is rounded off by Andrés Alfonso, who provides the group with an in-depth knowledge of the energy industry and is often engaged in transactional work pertaining to Latin America.
Practice head(s):
Maria Jose Menéndez
Other key lawyers:
Jorge Vázquez; Pedro Ester; Andrés Alfonso
Testimonials
‘Cohesive, very proactive team with the ability to anticipate client needs’.
‘Personalised treatment, listening skills, dynamism, closeness to teams and professionals at all levels of the organisation.’
‘Pedro Ester and the team provide us with an excellent service, with attention to detail and, above all, the most important, he understands the needs of his client and his business. Exemplary legal services.’
‘Pedro Ester and the team are a 24/7 service with the right response and the right strategy at all times. With a deep understanding of the business and its ramifications.’
Key clients
Iridium
La Verdosa
KKR Credit Advisors (EMEA) LLP
Solarig Global Services, S.A.
InfraVia Capital Partners
Liberbank
ABE Capital Partners SGEIC, SA
Castlelake LLP
Sonnedix
Lightsource
Aegon
Cobega
Work highlights
- Advised La Verdosa on the sale of a 5.6% stake in Acciona.
- Advising KKR Credit Advisors on the acquisition from Banco Sabadell of a portfolio of non-performing and re-performing loans and REOs.
- Advised Cobega on the sale of a 50% stake of Grupo Cacaolat SL to SA Damn.
Baker McKenzie
Headquartered in Chicago, international firm Baker McKenzie is acclaimed for its ‘deep knowledge of the tourism sector’ and has also recently handled standout deals in the consumer goods, retail, healthcare, education, energy and real estate industries. Enrique Carretero focuses his practice on public M&A and takeovers, while Javier Menor, who co-heads the group with Carretero, is a specialist in private M&A, corporate reorganisations, corporate governance and competition matters. Other practitioners of note include Jorge Adell, a key contact for IT, pharmaceutical and healthcare mandates, as well as Maite Diez, who is often active on commercial contracts matters.
Practice head(s):
Enrique Carretero; Javier Menor
Other key lawyers:
Laura García Fuster; Jorge Adell; Maite Diez; Luis Casals; Enrique Valera
Testimonials
‘High knowledge of the particularities of this area. Total dedication to the operation. Ability to find solutions in moments when it seems that an operation may get stuck.’
‘Javier Menor and his team have shown dedication and absolute dedication in the resolution of the file, showing commendable negotiation skills. Its ability to resolve the matter entrusted has been superior to others.’
‘Considering the importance of the matter in economic terms, the dedication and availability of Javier Menor and Laura García-Fuster has been excellent. Their understanding of the situation and the ability to negotiate with multiple parties with competing interests have been essential to the satisfactory resolution of the matter for our company.’
‘In our case, they carried out the sale of our company, and we saw exceptional project teamwork. They guided us and provided us with the maximum information. In addition to making the whole process very agile.’
‘Javier Menor, his personalised treatment and his great professionalism as well as all his team.’
‘Deep knowledge of the tourism sector, solid experience in M&A. Ability to propose imaginative solutions to conflicts. Negotiation skills with empathy and firmness. Flexibility and availability with the client. Quick advice for agile decisions. Attention to detail and perfect organisation of projects.’
‘Javier Menor is an excellent lawyer, with a great ability to understand complex businesses and the environment in which they are circumscribed and thus provide enormous added value to projects. He demonstrates his solid experience in M&A operations in each meeting he attends, contributing not only from a legal perspective but also from a business and sector perspective. Close, flexible and very practical.’
Key clients
BDT Capital Partners
Puig
Idealista
Adient
Cemex Latam Holdings, S.A.
Siemens Gamesa
Odre 2005, S.L.
Capital Dynamics Limited
Vithas
Cirsa
Trinasolar
Aperture Travel, S.L.U
Marcel Robbez Masson SA
Fort Partners
Securitas
CBRE Global Investors
Safran
Splitmania
Asabys Partners
Afterpay
Work highlights
- Advised BDT Capital Partners on the €6bn acquisition of global consumer water services provider Culligan International Group from Advent International and Centerbridge Partners.
- Advised Idealista on the sale to EQT, a Swedish private equity firm.
- Advised Iberdrola on the creation of a joint venture with Mapfre, to which Iberdrola will contribute solar photovoltaic and wind power assets with a potential joint production capacity of 1,000 megawatts.
CMS Albiñana y Suárez de Lezo
Acclaimed for its ‘extensive knowledge in M&A’, CMS Albiñana y Suárez de Lezo also excels in commercial contract, corporate governance and general corporate law matters. Managing partner César Albiñana leads the department, which is also home to Luis Miguel de Dios, a lawyer principally active in the energy sector, who serves as the key point of contact for German companies looking to enter the Spanish market. The team is also knowledgeable of the banking, food and beverage, automotive and infrastructure sectors, among others, and includes senior associate Guillermo Donadeu, who is increasingly instructed on high-end contractual mandates, including shareholder agreements.
Practice head(s):
César Albiñana
Other key lawyers:
Rafael Suárez de Lezo; Luis Miguel de Dios; Jose María Rojí; Carlos Peña; Mariano Bautista; Antonio Pino; Pedro Ferreras; Guillermo Donadeu
Testimonials
‘Good knowledge of the area. CMS has a plus over other firms.’
‘High specialisation. Very client focused.’
‘The team is very well led by senior attorneys who are involved, in depth and with dedication, in the client’s affairs. They are creative (they contribute very productive and viable ideas) and they work with order and technical seriousness.’
‘In general, the legal technical capacity is very high and full dedication; very satisfied on both counts.’
‘CMS has always been up to the task and well above the circumstances. Without a doubt, we will continue to count on CMS for future operations and Corporate / M&A issues. In addition to their extensive knowledge in M&A / corporate matters, they know the real estate sector very well and have a vision that goes beyond the pure legal point (commercial, business), which, without a doubt, helps a lot in this type of transactions. They have handled very complex situations with great ease and are always available and anticipate the needs of their clients. Whenever I can, I seek to work with them.’
‘The team are willing to invest in relationships, focus on commercial aspects of the law/transaction, ensuring that the clients interests remain in focus.’
‘Carlos Peña – focssed, determined and relationship driven.’
‘Pedro Ferreras has a great capacity for conflict resolution, a good disposition and excellent professionalism.’
Key clients
Macquarie Capital
Northland Power
Nordex
Hermes Infrastructure
Eni
Real Asset Advisers Limited
KKR
Iberdrola
Rubis Terminal
Boluda Corporación Marítima
Labelys Group
Mutares
Savills Aguirre Newman
Vueling Airlines
CAM Alternatives
Macquarie Capital
Northland Power
Nordex
Hermes Infrastructure
Eni
Real Asset Advisers Limited
KKR
Iberdrola
Rubis Terminal
Boluda Corporación Marítima
Labelys Group
Mutares
Savills Aguirre Newman
Vueling Airlines
CAM Alternatives
Work highlights
- Advised Macquarie Capital on the acquisition of a majority stake in the fibre optic network in rural areas owned by MásMóvil, which will cover more than 1.1m Spanish households.
- Advised Northland Power on its entry into the Spanish market through the purchase of a portfolio of renewable energy projects for a value of €1.06bn.
- Provided advice to Eni on the disinvestment of its 50% shareholding in Union Fenosa Gas (UFG), sold to Spanish energy company Naturgy, which owned the other 50%.
DLA Piper
Hailed for its ‘technical knowledge and experience, coupled with a deal-maker profile’, international firm DLA Piper is home to one of the largest M&A practices globally. Its offering in Spain is spearheaded by José María Gil-Robles, who thrives in all stages of the M&A process, from tax and legal structuring through to due diligence and transaction documentation; he possesses a notable track record in leveraged buyouts and distressed M&A and is supported by Joaquín Echánove, noted for his ‘problem solving orientation’. The team routinely draws upon the expertise of its colleagues in tax, financial services regulation, corporate governance and employment to deliver a full-service offering.
Practice head(s):
José María Gil-Robles
Other key lawyers:
Joaquín Echánove; Enrique Chamorro
Testimonials
‘Technical knowledge and extensive experience coupled with a deal-maker profile that sets them apart from others.’
‘Joaquín Echánove stands out for his technical knowledge and extensive experience, through his problem solving orientation and innovative solutions.’
‘Very pragmatic, efficient, responsive.’
Key clients
Avenue Capital
Allianz Real Estate
Waterfall Asset Management
DDM-Group
Globant España Sau
Lineage Logistics Holdings
Nemetschek
Renta Garantizada
Formentor Capital Partners
La Saleta Care
Waterland Private Equity
Polhem Infra
Starwood Capital Europe Advisers
GED Iberian Private Equity
Adamo Telecom (EQT)
Colisée Patrimoine Group SAS (“Colisée”)
Sherpa Capital
Baluarte Capital
Cognita
Iberica Partners
Syna Capital Partners
Oxy Capital, SGFCR
Work highlights
- Provided advice to companies owned by funds managed by Avenue Capital in the debt restructuring of listed company Quabit, and the subsequent merger of Quabit and Neinor and certain acquisitions of assets from the merged entity by Avenue Capital.
- Advised Allianz Real Estate on the €140m acquisition of Elix Vintage Residential Socimi from KKR.
- Advised Globant on the separate acquisition processes of Spanish companies BlueCap, Habitant and Walmeric.
EY Abogados
EY Abogados, hailed for its ‘profound and sound M&A experience’, is led by Francisco Aldavero, an M&A, commercial contracts and commercial disputes expert. He is supported by Susana Gómez Badiola, who is well versed in due diligence procedures, as well as Simeón García-Nieto, who focuses on the Catalonia market. Other key names include renewables sector specialist Pablo Tramoyeres and José Carnerero, who is especially active in the life sciences, audiovisual, retail and consumer fields.
Practice head(s):
Francisco Aldavero
Other key lawyers:
Susana Gómez Badiola; Simeón García-Nieto; Pablo Tramoyeres; Francisco Silván; José Carnerero
Testimonials
‘Professionals, very close and committed to helping their client.’
‘Rigorous when showing, explaining and writing the reports.’
‘Francisco Aldavero is one of the best M&A lawyers in Spain.’
‘Francisco Aldavero is outstanding in M&A / Private Equity.’
‘They have very profound and sound M&A experience and are very good and level-headed negotiators.’
‘Very dedicated team that was always on top of things with exremely short respone time.’
Key clients
Fielmann AG
Jakala S.p.a.
SCP Sintersa
Gens Aurea S.p.A.
VASS Consultoría de Sistemas, S.L.
Lácteas Garcia Baquero, S.A.
Intelligence Partners
Cellnex
Iberdrola
Repsol
Mobius Group
Fielmann AG
Jakala S.p.a.
SCP Sintersa
Gens Aurea S.p.A.
VASS Consultoría de Sistemas, S.L.
Lácteas Garcia Baquero, S.A.
Intelligence Partners
Cellnex
Iberdrola
Repsol
Mobius Group
Work highlights
- Advised the shareholders of Angulas de Aguinaga on the sale of a majority stake in the company to Pai Partners and the partial reinvestment in the vehicle set up by Pai Partners.
- Provided advice to Czech EP Corporate Group and VESA Equity Investment on the acquisition of 50% interest in the supermarket and consumer goods chains Caprabo and Cecosa from Eroski.
- Advised Fielmann on the acquisition of an 80% equity ownership stake in Óptica & Audiología Universitaria.
Herbert Smith Freehills LLP
A Silver Circle firm, Herbert Smith Freehills LLP demonstrates a capacity for the full array of corporate and M&A matters; its lawyers are instructed on joint ventures, corporate governance and commercial contract matters, among a plethora of high-end transactions, and have recently deployed the firm’s far-reaching network to support on matters in Europe, Latin America, the UK and Australia, among other locations. Pablo García-Nieto jointly leads the offering alongside Alberto Frasquet, who was recently appointed as leader of the firm’s regional EMEA corporate practice. Nicolás Martín supports the duo, bringing over 30 years of transactional experience and an intimate knowledge of the energy and TMT sectors to the table.
Practice head(s):
Alberto Frasquet; Pablo García-Nieto
Other key lawyers:
Nicolás Martín
Testimonials
‘Very good. Much client focus and extensive knowledge.’
‘They have a lot of client focus. Pablo Garcia Nieto is the partner I work with.’
Key clients
Pamplona Capital Management
Antin Infrastructure Partners
PAI Partners
Cristian Lay
Asterion Industrial Partners
Magnum Capital Partners
DIF Infrastructure
BD Capital Limited
Blantyre Capital
Aventicum Capital Management
Cygnus Capital
Abac Capital
DeA Capital
Oquendo Capital
Peninsula Capital Partners
Alten Energías Renovables
Work highlights
- Advised Antin Infrastructure Partners on the acquisition of a majority interest in Miya Group, a leading global efficiency-oriented water operator, from Bridgepoint.
- Advised PAI Partners on the acquisition of a majority stake in Angulas Aguinaga Group.
- Advised DIF Infrastructure on the acquisition of 33.34% of OHL’s stake in Nuevo Hospital de Toledo.
King & Wood Mallesons
A multinational firm headquartered in Hong Kong, King & Wood Mallesons is naturally active on the cross-border front, counting its excellent knowledge of the energy sector as a key distinguishing feature. Practice co-head Roberto Pomares works across a range of deals including acquisitions, disposals and restructurings; he is supported at partner level by Pablo Díaz, who is well versed in corporate governance matters, as well as Germán Cabrera, who is active in the infrastructure and sports fields. At the more junior end, counsel Teresa García is ‘great at facilitating multi-jurisdictional operations’.
Practice head(s):
Roberto Pomares; Carlos Pazos
Other key lawyers:
Pablo Díaz; Germán Cabrera; Teresa García
Testimonials
‘Very technical commercial/M&A team. Large team with lawyers with very relevant experience. Very active in many relevant operations in ESP. Very well set up team and with a lot of continuity among the senior KWM team. Known in the market and very effective. The backbone of the team has been together for many years and it shows in the quality of execution and coordination.’
‘Roberto Pomares: Great executor and safe pair of hands in any complex execution. Makes delivery of the firm in all its breadth, capacity to internally mobilise all KWM resources. A lot of experience. Good communicator and negotiator.’
‘Teresa Garcia has enormous potential to become KWM’s next partner after a long stint at the firm. Ability to execute complex transactions and simultaneously execute/generate her own clients and transactions. A lot of experience in infrastructure operations, renewable energy, telecommunications, education. Fluent English and French, greatly facilitating multi-jurisdictional operations.’
‘KWM distinguishes itself due to the profound knowledge of its clients and close working relationship that almost make it part of the internal team. Key team strengths and capabilities are the broad knowledge and expertise of its professionals, as well as absolute dedication and availability.’
‘I highlight the work of Roberto Pomares who provides a high level of excellence and dedication. He knows how to put himself in the client’s place and understands their needs perfectly.’
Key clients
Hayfin Capital
Hispasat
Artá Capital
Office Depot
Seaya Ventures
MAPFRE
Cargacoches
Centro Europeo de Estudios Profesionales (CEEP)
Comess Group
EDP Group
Galp
Sonae
Glendower Capital
Alantra
Capza
MCH Private Equity
Finerge
First Sentier Investors (formerly First State)
DWS
Portobello Capital
GED Capital
CMA CGM
Aurelius Group
Moira Capital Partners
Vocento
Axis Participaciones Empresariales
EDF Fenice
Dorsia Group
Work highlights
- Provided advice to EDP on the transaction agreed with Macquarie that included the acquisition of Viesgo Distribution (75.1%), Viesgo Renewables (100%) and Viesgo Coal (100%) and the transfer of 24.9% of EDP’s Distribution business (E-Redes).
- Advised Portuguese company Galp on the cross-border acquisition of the solar photovoltaic business of ACS Group in Spain, with a deal value of €2.2bn.
- Advised Portobello Capital on the direct transaction of its portfolio companies Angulas Aguinaga and Industrias Alimentarias de Navarra (IAN) to a new fund in Luxembourg whose majority investor is HarbourVest Partners.
Latham & Watkins LLP
US firm Latham & Watkins LLP is praised for its ‘experience in significant energy-related transactions’, and it is equally formidable in the telecoms, real estate, hospitality and healthcare sectors. Practice head Ignacio Pallarés calls upon the firm’s extensive international footprint to support on matters throughout Europe, Asia, Latin America and North America; he is supported by M&A and joint venture expert José Antonio Sánchez-Dafos, as well as managing partner Ignacio Gómez-Sancha, whose track record includes takeover transactions, restructurings and special situations.
Practice head(s):
Ignacio Pallarés
Other key lawyers:
Jose Antonio Sánchez Dafos; Ignacio Gómez-Sancha
Testimonials
‘It is a very well coordinated team, led with great reliability by Ignacio Pallarés and very proactive in all phases of operations. I especially highlight its ability to find solutions that allow reaching agreements and successfully conclude negotiations.’
‘Absolute availability, great technical capacity and enormous practicality and creativity when approaching legal problems. I mainly highlight the work of Ignacio Pallarés.’
‘Experience in significant transactions in the energy sector, given the previous track record of the team’s top attorneys.’
‘The attention, speed and dedication of its lawyers. The technique and knowledge of the issues.’
‘Ignacio Pallarés differs in his dedication and knowledge of the subjects.’
Key clients
Telefónica
Repsol
Sener
Orange
X-Elio
Partners Group
Autogrill
Ric Energy
Wallbox
Demant A/S
Applus
Seaya Ventures
Work highlights
- Advising Wallbox in its $1.5bn combination with Kensington Capital Acquisition Corp. II and subsequent listing in the NYSE.
- Advising Telefónica on two joint ventures with KKR to create open access fibre optic networks in Colombia and Chile, for approximately $1bn.
- Advising Platinum Equity on its €3.5bn of Spanish waste management company Urbaser.
Ramón y Cajal Abogados
At Ramón y Cajal Abogados, the team demonstrates a tenacity for private M&A, company law, commercial contracts, corporate governance and group reorganisations. The practice, which is especially knowledgeable of the finance, energy, property, infrastructure, TMT, IT and gaming sectors, is jointly led by Miguel García Stuyck, Alberto Alonso Ureba and Alvaro Bertrán. The team is frequently active on multi-jurisdictional deals, and is home to a number of lawyers with experience at international firms.
Practice head(s):
Miguel García Stuyck; Alberto Alonso Ureba; Álvaro Bertrán
Other key lawyers:
Alfonso Cárcamo; José Blanco; Antonio de Mariano
Testimonials
‘Consolidated and cohesive team. It allows agility and speed in the management of the issues.’
‘Closeness to the client. Tailor-made advice.’
‘Great experience of all members both in general and specific areas of each one of them. Proactivity and anticipation to manage the process. Availability and agility in responding to all requirements.’
‘All the people who participated in the process demonstrated great professionalism and deep knowledge of the subject. The leadership and coordination of Alberto Alonso Ureba was very effective. At all times I had the peace of mind of being advised by great professionals with total confidence in their recommendations.’
‘The team at Ramón y Cajal is excellent. Their availability, speed of response and quality of their documents are very good.’
Key clients
FROB (National Resolution Agency or Authority)
Liberbank
Royo Group
Abengoa
HANWHA Q CELLS, GMBH
Biosearch
Carmila España
Editorial Ecoprensa
Repsol Group
Enerparc
Solaer Holding
Openspring
Healthy Poke
Seur
Forestalia
QEnergy (Qualitas)
Spotlight Sports Group
Mediaset
Ayco
Vestas
Work highlights
- Advised Bankinter and the purchaser (an SPV) on the acquisition of Montepino Logística and, indirectly, of 18 top logistics assets in Spain.
- Acted as legal advisors to FROB, as the main shareholder of Bankia in its merger with CaixaBank.
- Legal advisors to Liberbank on its merger with Unicaja.
Watson Farley & Williams LLP
Watson Farley & Williams LLP, originally founded in London, is geared to support on a variety of deal types, from share and company acquisitions, disposals and auction sales through to joint ventures, restructuring and project development. María Pilar García Guijarro is principally focused on the energy and infrastructure sector, with a track record of supporting on major deals in Europe, Latin America and the Middle East.
Practice head(s):
María Pilar García Guijarro
Other key lawyers:
Ana Lorenzo; Gonzalo Aranzabal
Testimonials
‘Professionalism, agility, dedication, diligence. The WFW team combines those qualities that are decisive when it comes to carrying out a successful business operation.’
‘Availability and professionalism. Business vision that allows aligning the client’s objectives with the firm’s actions. It translates into a very high efficiency in the legal process and therefore ensures the success of the operation.’
‘They must know not only the most advantageous and efficient rule in order to implement transactions, but also the most interesting negotiation conditions for the client based on the client’s profile and strategy. I think that the added value that the WFW team provides lies in its ability to advise commercially and economically, in addition to offering the best legal coverage.’
‘I recommend the team for its vision of the business, based on experience and the ability to put itself in the client’s situation beyond legal aspects. The constant availability of the partners, and especially the managing partner of the firm, who have supervised the smooth progress of the negotiations at all times.’
‘WFW team always demonstrated a deep knowledge of the market and its players which helped a lot my company in successfully growing in the country. The attention to the clients needs and the reliability are some of the key factors which make WFW one of the preferred firms to work with.’
‘Maria Pilar Garcia Guijarro is a serious and competent professional with great communication and negotiation skills. Passionate but also very rational when the situation requires. Very goal driven.’
‘It is a very competent team as well as commercial, they face problems from a practical point of view, proposing solutions and alternatives. They are proactive and decisive. Great experience in the energy sector and especially renewables.’
‘Office with international support, first-line service on par with other large offices of the Magic Circle but at reasonable prices and a very close treatment. Especially good in negotiation processes where they are proactive and very collaborative with our corporate legal teams.’
Key clients
Bluefield Partners
Cerberus Capital Management
Caisse de dépôt et placement du Québec
Capital Dynamics Ltd
Copenhagen Infrastructure Partners (CIP)
CPPIB (Canada Pension Plan Investment)
Falck Renewables
Helios Energy Investment
Macquarie Capital
Noy Infrastructure & Energy Investment Fund
Octopus Renewables Infrastructure Trust plc
Ontario Pension Trust
Plenium Partners
Predica Enérgies Durables
REEF Development
Sonnedix
T-Solar
Work highlights
- Advised Grupo T-Solar Global and its M&A advisors in relation to the due diligence tasks for the potential sale of Grupo T-Solar Global and thus, its portfolio of renewable assets in Spain and Italy.
- Advised CIP on the acquisition, from Forestalia Group, of a portfolio of renewable wind assets under development with an aggregate capacity of c. 1,130 MW, located in the autonomous community of Aragón.
- Advised CDPQ on its acquisition from Q-Energy group of a large-scale photovoltaic brownfield operating portfolio.
White & Case LLP
White & Case LLP has on-site Spanish and English law capabilities and is led by Juan Manuel de Remedios, a lawyer whose dual qualification in US and Spain makes him a go-to for transactions which involve the US market. He is supported by Carlos Daroca, a specialist in real estate-related M&A; Yoko Takagi, who ‘has an excellent technical grasp‘ of major transactions; and Julio Peralta, who is active across M&A, disposals, joint ventures and general corporate advisory mandates. The practice has handled a wealth of both public and private M&A transactions of late, though has been particularly busy in the renewables sector.
Practice head(s):
Juan Manuel de Remedios
Other key lawyers:
Carlos Daroca; Yoko Takagi; Julio Peralta
Testimonials
‘White & Case LLP is one of the most respected international firms in the Spanish legal market. The firm’s Madrid office has an excellent M&A team and maintains a strong foothold in the Spanish top-tier deals with a strong transnational link.’
‘Carlos Daroca has an outstanding understanding of both the practice area and his clients’ business and can be strategic and tactical. On top of that, Carlos is an impressive M&A lawyer; he is smart and cuts through the peripheral issues to give clear and practical legal advice. I always enjoy working with him.’
‘Yoko Takagi has an excellent technical grasp and is always willing to go the extra mile for her clients. She is excellent — in addition to being very efficient, she is practical and has a calm approach to the business of lawyering which gives her an edge over her peers.’
‘Julio Peralta is a rising star in the Spanish corporate market who generates acclaim for his strong grasp of public and private company M&A and governance work. He is also very practical, has good judgement and stays calm under fire.’
‘White & Case stands out for the quality of the service and the excellent advice it offers. They achieve this because Carlos Daroca is fully involved in the matters and offers advice that is difficult to match by other firms.’
‘What makes the White & Case team stand out is Carlos Daroca, without a doubt. Qualities: excellent service, a lot of experience, great ability to solve problems, great negotiator, high technical quality, total involvement’
‘Basically, what makes it unique is the quality of service that White & Case offers along with excellent legal advice. Carlos Daroca is completely involved and thereby manages to provide a much better service than other firms with which I have worked.’
‘Carlos Daroca has extensive experience in M&A, fully understands legal and business issues and is capable of offering solutions to any problem that may arise. His ability to negotiate and unblock situations that seemed unsolvable stands out.’
Key clients
Arjun Infrastructure Partners
Tink S.A.
Panasonic Corporation
Espiga Equity Partners SGEIC, SA
WAG Payment Solutions
Societe des Produits Nestle
Avangrid
Goldman Sachs
Eurazeo
CVC Capital Partners
JP Morgan
PQ Corporation
SoftBank
AMP Capital Investors Ltd.
IHS Holding Limited
Symrise
Altor Fund V
The strawberry Group
Klepierre
TDR Capital
ABB AG
Work highlights
- Represented Arjun Infrastructure Partners on its acquisition of 49% of CI III Monegros Energy Holdco, which is the owner of 12 onshore wind farms in Aragon.
- Represented J.P. Morgan, financial advisor to the Board of Directors of ACS Actividades de Construcción y Servicios, in ACS’s $5.75bn (€4.9bn) sale of its energy business to Vinci.
- Represented ABB in the acquisition of the Spanish company ASTI Mobile Robotics Group.
Andersen
Lawyers at Andersen are adept in all facets of M&A, from both a buy-side and sell-side perspective, and are able to draw upon the firm’s wider proficiency in banking, privacy, fintech and regulatory matters when required. Practice head Ignacio Aparicio was recently appointed global leader of the firm’s corporate legal service line; he is extremely active on the multi-jurisdictional front and also leads the Cuban desk, supporting on inward investments into the nation’s infrastructure, agribusiness and funds sectors.
Practice head(s):
Ignacio Aparicio
Other key lawyers:
Javier Cubillo; Javier Bustillo; Jaime Aguilar
Testimonials
‘They are a team that reacts very quickly and flexibly to the requirements that arise in the day-to-day of our company. They cover all angles, with a highly competent multidisciplinary team.’
‘Jaime Aguilar has experience, availability and a lot of resolution capacity.’
‘Continuous monitoring of issues, client support, prompt attention and availability, the results obtained. Outstanding Partner: Javier Cubillo.’
‘Good communication between partners and lawyers. They provide international solutions, specifically with Costa Rica. They study different alternatives and scenarios in the meetings and always defending the interests of the client.’
‘We have met outside of business hours. They have answered all my questions and have been rigorous in the negotiation, always watching over my interests. Seriousness, professionalism, agility, speed and commitment define Ignacio Aparicio’s team.’
‘High knowledge of the subject, very good predisposition of the team and always positive attitude to seek solutions for the company.’
‘The proximity or closeness to the company team, their high preparation and the very active predisposition to help the company. I would highlight Ignacio Aparicio.’
‘The practice is very transversal, the areas work closely in a very consolidated way and also with a financial component that helps a lot in operations, with an area of accounting law that works directly with the financial advisers of the other party, without the need for attend, very helpful in pricing discussions.’
Key clients
Grupo Arum
The Island Rum Company SAS
Enerpac Corporation
Lladró
Enel Green Power, S.L.
Thales España
Imperial Brands
CompuGroup Medical SE
Brooklyn Fitboxing International
Aena Desarrollo Internacional SME, S.A.
Avanttic
Peoople
Nimgenetics
Selenta Group
EOS Spain
Repsol
Igenomix shareholders
SAS Fertilizantes
Mondo TV Studios
Work highlights
- Represented Imperial Brands in the process for the sale of the premium cigars division of Spanish affiliate Tabacalera.
- Advised Selenta Group on the sale of the company to the Canadian fund Brookfield Asset Management.
- Advised Repsol in the constitution of Ekiluz, a joint venture created with the Krean Group, experts in structuring renewable projects, to promote citizen cooperatives for renewable energy generation.
Deloitte Legal
Lawyers at Deloitte Legal’s Spain offices form part of a 600-lawyer strong global corporate and M&A department, spread across 80 countries. The team is naturally extremely active on the cross-border front and is proficient at every stage of the transaction lifecycle, from negotiation through to execution. Practice head Sharon Izaguirre notably serves as company secretary for numerous corporations and is well versed in acquisitions, joint ventures, restructurings and divestments.
Practice head(s):
Sharon Izaguirre
Other key lawyers:
Ignacio Echenagusia; Francisco Mayor; Ignacio Sanjurjo; Cloe Barnils
Testimonials
‘The Deloitte Legal team were very knowledgeable about M&A practices and procedures.’
‘Sharon Izaguirre is outstanding and provides total involvement.’
‘It is necessary to have technical credibility in the areas of application. The Deloitte team has it; it is one of its great strengths. In addition, the high capacity for client orientation and their needs. Another very important competence is resolution, speed in the response and success in it. A clear qualitative difference is perceived in responding to all the client’s needs in a cross-cutting and multidisciplinary way. Another unmistakable strength.’
‘They work in a coordinated manner with different groups of specialised advisers in each of the aspects that are required at each moment of an operation. With that global vision, they give their recommendation, evaluating better pros and cons. In addition, they are concerned with knowing in detail the needs and characteristics of the advised company, which enriches their advice.’
‘Cloe Barnils is undoubtedly an exceptional professional, with diverse areas of expertise, both locally and internationally. This makes her advice more agile and focused on the needs of the client. Her approach, on the other hand, always eminently practical, looking for the best alternative in each case. She also monitors the topics, even when they are finished, to ensure that the objective has been reached.’
‘Their service was agile and close, They were always available to give their support regardless of the schedule, Very professional service,’
‘We needed a commercial team very coordinated with the tax team. At Deloitte the coordination was perfect. They also turn to the client, availability 24/7.’
‘I highlight Sharon Izaguirre for her availability and technical quality.’
Key clients
SAREB
GRUPO ILUNIÓN (ONCE AND FUNDACIÓN ONCE)
SILICIUS REAL ESTATE, S.L
ABAC CAPITAL, S.L
REPSOL
IDEALISTA, S.A.U
EL CORTE INGLÉS
RED ELECTRICA DE ESPAÑA
ENAGAS
ATRES ADVERTISING, S.L.U (ATRESMEDIA GROUP)
LEASYS SpA (FIAT GROUP)
ARTA CAPITAL
SIEMENS GAMESA
GRUPO PIÑERO
EROSKI
ADIDAS
BANCA MARCH
GRUPO BINTER
PRODUCTOS SUR, S.A (PROSUR)
Work highlights
- Advised EROSKI Group on the drafting, negotiation and signing of the relevant legal documents for the transfer of 50% of the share capital of EROSKI Group’s business in Catalonia and the Balearic Islands.
- Rendered legal advice to a client in the auction process for the sale (MBO) of PRODUCTOS SUR (PROSUR).
- Advised GRUPO ILUNION on the negotiation and implementation of an investment agreement with Enagas, acquiring 20% of Gas2Move.
Dentons
Dentons, one of the largest firms globally, is well equipped to advise on all aspects of major transactions, providing specialist expertise in the energy, infrastructure, financial services, TMT and real estate sectors. Practice head Jesús Durán handles a mixture of M&A, buy-outs and divestment strategy matters, and has also carved out distinct expertise in the field of transactional insurance.
Practice head(s):
Jesús Duran
Other key lawyers:
Israel de Diego; Diego Pol; Nieves Briz; Natalia Ontiveros
Testimonials
‘Great professionalism and proximity, in addition to great availability.’
‘The ability to abstract and communicate the issues to be dealt with in a dynamic and proactive way, looking for the best scenarios for the purposes of results.’
‘The know-how of Diego Pol Longo is a differential point that gives a plus to the office.’
‘The team strength is about their expertise, and to their level of execution and excellence, with a global view always, but giving confidence as they look through every single detail with the proper diligence.’
‘I would mention that Nieves Briz and Natalia Ontiveros make the difference as per their ability to coordinate and collaborate internally and with the client. They are able to deliver a state of the art support and advice and they align internally to be coordinated constantly. You feel you have one only advisor in front of you.’
‘Competent, commercial, user friendly.’
‘Nieves Very is very practical, a deal maker.’
‘They are responsive, patient and capable of listening to clients.’
Key clients
Idealista
Imperial Brands
Statkraft
Kaisserwetter
Grupo Naturener
Hromatka Group
NexTracker
Sumitomo Corporation
Shanghai Electric Power Co.,
Applus
Sellers of Numintec Comunicaciones, S.L.
Apple
Vitrolife
Archroma
Idealista
Imperial Brands
Statkraft
Kaisserwetter
Grupo Naturener
Hromatka Group
NexTracker
Sumitomo Corporation
Shanghai Electric Power Co.,
Applus
Sellers of Numintec Comunicaciones, S.L.
Vitrolife
Archroma
Work highlights
- Advised the management of Idealista on the €1.32bn sale of the company to EQT, a Swedish-based global investment company.
- Advised private equity purchasers on the acquisition of Imperial Brands’ £1.1bn hand-rolled cigar business.
- Advised Vitrolife – a Sweden-headquartered multinational focused on medical devices for in vitro fertilization (IVF) – on the acquisition of 100% of the share capital in Igenomix for €1.25bn.
DWF-RCD
The result of a 2019 merger, DWF-RCD distributes its expertise across public and private M&A, joint ventures, restructurings, day-to-day advisory matters and business establishment, from both an inbound and outbound perspective. Barcelona-based duo Adolf Rousaud and Ignasi Costas co-head the practice; the former also serves as DWF’s global head of corporate and is an expert in the automotive, innovation and sports sectors, while the latter is a go-to advisor for entrepreneurs seeking strategic alliances.
Practice head(s):
Adolf Rousaud; Ignasi Costas
Other key lawyers:
Iñigo Montesino-Espartero; Javier Olmos; Eduardo Nebot
Testimonials
‘The team is excellent, they have a lot of experience and they offer creative, focused and business-minded solutions. They are one of the best legal teams I have ever worked with.’
‘It is a team that is very easy to work with, they perfectly understand our needs, they have always been available when we have needed them and we fully trust them. I especially highlight Ignasi Costas, an exceptional lawyer who is a leader in his practice.’
ECIJA
Home to ‘top professionals’, ECIJA’s sizeable team consists of 50 lawyers and 20 partners locally; it recently added further depth to its ranks through the arrival of Borja Díaz-Guerra, former practice head of Benow Partners S.L.P., who joins with 14 years’ worth of experience in mergers, spin-offs, dissolutions, due diligence processes and restructurings. The ‘first-class’ Emilio Prieto is particularly integral to the practice and has garnered praise for his work on TMT-related deals.
Other key lawyers:
Magdalena Bertram; Emilio Prieto; Leticia Domínguez; Borja Díaz-Guerra
Testimonials
‘I would say that Écija is at the top of experts who know the world of startups and scaleups in Spain and therefore it requires less effort to involve them in operations because they are already up to date with the main parameters.’
‘Closeness, strength, agility, ability to adapt.’
‘The ECIJA team has great virtues: 1. They work side by side with the client as if they were one 2. They do not focus on fees, dedicating the hours necessary for the success of the project. 3. Great technical knowledge, in all matters.’
‘Borja Diaz is our lawyer of reference. 1 Closeness to the client. 2 Empathy with the customer. 3 Adaptation to customer needs. 4 Search for the optimal solution for the client.’
‘Pragmatic, timely and quality advice. Excellent value for money.’
‘Emilio Prieto is a first-class corporate lawyer and at ease with a wide variety of cross-border commercial transactions. He is great partner to work with on difficult deals.’
‘We are extremely satisfied with Écija, they are great professionals who know the sector very well and know how to air problem areas in companies (be it labor, balance, tax, etc.) of which many times we were not at all aware. In my experience, they are always available for a contact, and are very flexible in case a change of situation forces you to change your approach to work midway through. We have worked especially with Magdalena Beltrán.’
‘Borja Díaz Guerra is without doubt a high-flyer given, in particular, his relative young age. He has an understated approach to his work, meticulous attention to detail and always retains in mind the big picture for the client – very commercial. We also appreciate his international background and know-how which gives significant comfort to our international investors.’
Key clients
Jenoptik AG
The Boeing Company
Deutsche Boerse AG
Enimbos
Globomedia
Honeywell
Yahoo
Pfizer
M&C Saatchi
Melia Hotel Group
Sony
PREMO GROUP
BDI Group
CORPORATION SERVICE COMPANY (CSC)
GM Food Iberica
DHL
Atlético de Madrid Football Club
EOLIA
Conexo Ventures
Jenoptik AG
The Boeing Company
Deutsche Boerse AG
Enimbos
Globomedia
Honeywell
Yahoo
Pfizer
M&C Saatchi
Melia Hotel Group
Sony
PREMO GROUP
BDI Group
CORPORATION SERVICE COMPANY (CSC)
GM Food Iberica
DHL
Atlético de Madrid Football Club
EOLIA
Conexo Ventures
Work highlights
- Advised Deutsche Boerse on a $15m investment round in Clarity AI, which is a Spanish fintech company that leverages Big Data and machine learning (ML) to help investors and traders understand the social impact of their investment portfolios.
- Represented Jenoptik in the purchase of the entire share capital of Broxburn, holding company of a robotic group operating in the the automotive sector.
- Advised on the purchase and sale of majority stake of Good Mood Productions to Mediawan.
Eversheds Sutherland
The lawyers at Eversheds Sutherland demonstrate proficiency in the full spectrum of corporate and M&A work. The practice has noted an uptick in its work of late, particularly on the cross-border front, and has responded through the hire of Ignacio Balañá, an expert in M&A carve-outs, joint ventures, corporate reorganisations and project finance; he serves as practice co-head jointly with Juan Díaz Hidalgo, an energy, finance and infrastructure sector specialist, as well as Carlos Pemán, who focuses his practice on the food, healthcare, technology and diversified industrials fields. Counsel Diego Cruz-Villalón provides the group with additional expertise in commercial contracts, demergers and shareholder agreements.
Practice head(s):
Juan Díaz Hidalgo; Carlos Pemán; Ignacio Balañá
Other key lawyers:
Diego Cruz-Villalón
Testimonials
‘The closeness of the entire team, including Juan Díaz Hidalgo and Carlos Pemán. In addition, they always provide the most effective and practical solution for each case that arises.’
‘Juan is always available and demonstrates a deep knowledge of the banking sector. We carried out an operation with him in the middle of a pandemic and the treatment and execution of the project was unbeatable. Of course, because of his knowledge, he has been a benchmark when making decisions internally.’
‘Speed, understanding of the problem, prudence and professionalism.’
‘Juan Diaz Hidalgo: the most remarkable thing is the professionalism, the discretion, the focus on the problem or issue to be dealt with and the realistic and honest feedback.’
Key clients
Sonnedix
Snozone
Singular Bank
ThechnipFMC
Sinclair Pharma
Nokia
Room Mate
Goal Systems
Avis
Northgate
Work highlights
- Advised Sonnedix on the acquisition from Danish institutional investors of a photovoltaic plant portfolio consisting of 15 solar plants with a total capacity of 15.7 MW.
- Advised Sinclair Pharma in relation to its acquisition of the Cocoon Medical group of companies.
- Advised the US subsidiary of Japanese diversified group Sojitz Corporation on the acquisition from Spanish Grupo T-Solar of 51% of the share capital in two Peruvian companies which hold two solar PV plants.
Hogan Lovells International LLP
With an extensive office network, Hogan Lovells International LLP thrives in both inbound and outbound transactions, counting its knowledge of the technology, infrastructure, retail, life sciences and healthcare sectors as a key distinguisher. Practice head Alex Dolmans handles an array of M&A, commercial agreements, strategic alliances and joint ventures and is supported by Lucas Osorio, a lawyer who complements his transactional capabilities with extensive project knowledge, particularly within the PPP sphere. Counsel Eduardo Pérez is a lawyer to watch, often acting on secondary market transactions, corporate reorganisations and cross-border M&A. In a recent development, Felipe Vázquez was promoted to counsel in January 2022.
Practice head(s):
Alex Dolmans
Other key lawyers:
José María Balañá; Graciela Llaneza; Eduardo Pérez
Testimonials
‘Quality of the team, speed of responses and recommendations. Always focused on customer satisfaction and needs.’
‘Focus on the customer. Technically very prepared. A lot of experience in similar cases.’
‘They give you accurate and fast advice.’
‘Eduardo Pérez is our main contact. He is agile in answering and always provides a practical point of view according to our needs.’
‘Without a doubt, Hogan Lovells is a reference when looking for a legal advisor for transactions in the world of infrastructure.’
‘Lucas Osorio is an extraordinary lawyer and he knows how to carry a client-side transaction from start to finish.’
Key clients
TIIC Capital
HNA Group
Cintra (Ferrovial)
Mahou San Miguel
Alantra Partners, S.A.
Waterland
Acon Investments, L.L.C.
Rhenus SE & Co. KG
Korelya Capital
Mirae Asset – Naver Asia Growth Investment
Cranemere Group Limited
Vinccler
Sheela Foam Limited
RiverRock European Capital Partners LLP
Mutua Madrileña
Ardian
Tikehau Capital
AXA
Tresmares Private Equity
Portwest Unlimited Company
Sacyr
Codere, S.A.
InfraVia Capital Partners
Crédit Agricole
TIIC Capital
HNA Group
Cintra (Ferrovial)
Mahou San Miguel
Alantra Partners, S.A.
Waterland
Acon Investments, L.L.C.
Rhenus SE & Co. KG
Korelya Capital
Mirae Asset – Naver Asia Growth Investment
Cranemere Group Limited
Vinccler
Sheela Foam Limited
RiverRock European Capital Partners LLP
Mutua Madrileña
Ardian
Tikehau Capital
AXA
Tresmares Private Equity
Portwest Unlimited Company
Sacyr
Codere, S.A.
InfraVia Capital Partners
Crédit Agricole
Work highlights
- Advised Acon Investments on its acquisition of a majority stake in Formación Alcalá, an e-learning platform for health professionals.
- Advised Korelya Capital, a French investment fund, on the signing of an investment agreement worth $840m in used goods marketplace Wallapop.
- Acted as part of a cross-border team which advised NYSE-listed AmerisourceBergen on its acquisition of Alliance Healthcare Businesses from Walgreens Boots Alliance, a $6.5bn transaction.
Jones Day
US firm Jones Day has an extensive global M&A platform, totalling 400 lawyers in 17 different countries; its Spanish offering directs its emphasis towards mid- and large-sized transactions, both domestic and international. The department acts across M&A, restructuring, corporate compliance and governance, company formation and joint venture mandates. Practice head Miguel Bermúdez de Castro often supports domestic players on their overseas expansion, especially in Latin America, and is accomplished within the infrastructure, construction, energy, real estate, media and healthcare sectors, among others.
Practice head(s):
Miguel Bermudez de Castro
Other key lawyers:
Federico Merino; Blanca Puyol
Testimonials
‘Very personal and business-oriented service.’
‘Miguel Bermúdez de Castro and Blanca Puyol are recommended.’
‘Very expert and up to date on everything.’
Key clients
Portobello Capital Gestión SA SGEIC
David Lloyd
Montepino Logística
CBRE Global Investors
Ferro Corporation
Entravision Communications
Iridium Concesiones de Infraestructuras
Web Financial Group
Work highlights
- Advised Portobello Capital Gestion in connection with the acquisition by portfolio company Sitracon Spain of a majority stake in Legálitas Asistencia Legal.
- Advised Portobello Capital on the acquisition by portfolio company Sabater Spices of BDS Natural Products, a California -based producer of botanical and spice ingredients in the North American market.
RocaJunyent
Present in Madrid, Barcelona and Bilbao, among other major Spanish cities, RocaJunyent Spain handles a range of commercial contract, M&A, corporate governance, restructuring, merger control and antitrust matters. Xavier Altirriba and Carlos Blanco jointly lead the practice, which is especially accomplished in the banking and insurance fields, and is also involved in an increasing number of telecoms and technology-related deals.
Practice head(s):
Xavier Altirriba; Carlos Blanco
Other key lawyers:
Joan Roca; Alex Llevat; Xavier Costa
Testimonials
‘Flexibility and agility in the relationship. Maximum availability. Great network.’
‘High availability and accessibility. Quick responses. Multidisciplinary team. In my opinion, they are better than other prestigious firms we have worked with.’
‘You can discuss the issues with them in understandable language. They listen and value your opinion.’
‘Personal touch, very professional and amicable at the same time.’
‘The Roca Junyent team has great legal knowledge and understanding of business reality. The work is carried out with rigor, punctuality and always offering a suitable solution. The documentation is correctly classified and is well tracked.’
‘The firm’s lawyers have a very close approach and a high degree of involvement with our problems. They can also maintain spoken and written communication in English.’
‘Although startups / scaleups do not represent the majority of their clients, they perfectly understand our needs. In addition, they are super focused on things moving forward, with quality but also with agility.’
‘Carlos Blanco and his team are magnificent professionals: they define practical solutions and execute them quickly and with excellence. In addition to being talented and professional, they are close and 100% available.’
Key clients
BANCO SABADELL
PALEX MEDICAL
CAIXABANK
JULIÀ GROUP
SINCH
ABE CAPITAL GROUP
ABEX EXCELENCIA ROBOTICA
NIEHOFF STRANDING TECHNOLOGIES
BANIJAY GROUP
MERIDIA CAPITAL PARTNERS
Bird & Bird
London-headquartered firm Bird & Bird is home to considerable expertise in M&A, joint ventures, restructurings and spin-offs, in addition to general corporate and contract law matters. The retail, consumer and healthcare sectors have been particularly fruitful fields of activity for the team recently, though practice head Lourdes Ayala is also an expert in technology and life sciences-related deals.
Practice head(s):
Lourdes Ayala
Other key lawyers:
Diana Sendagorta; Santiago Lardiés
Testimonials
‘The Bird & Bird M&A team is a team with 100% availability, extraordinary professionalism and a fast and decisive response capacity.’
‘Lourdes Ayala is extraordinary. She is quick to understand the business and the main issues, is always available and is very decisive, without counting on her extraordinary negotiation skills and knowledge of M&A work.’
Key clients
ABS GROUP
ACCORD HEALTH GROUP (INTAS)
ACTIVE BIOREGENERATION TECHNOLOGIES, S.L.
AIRCALL
ALVOGEN ICELAND EHF
ALVOGEN PHARMA TRADING EUROPE
AMC FRESH GROUP FAST MOVING CONSUMER GOODS, S.L.
AORA HEALTH, S.L.
AUTONOMY SPAIN REAL ESTATE SOCIMI S.A.
BACOA HOLDING, S.L.
BIOTECH DENTAL SAS
BORGWARNER INC.
BUY MY CAR
CANAAN RESEARCH AND INVESTMENT
CELOR SAS
CENDRIS, S.L.
CHEMINOVA AGRO, S.A. (FMC GROUP)
CLICARS SPAIN, S.L.
COSTA COFFEE
DAYCO EUROPE AFTERMARKET, S.L.
DXC
EDENIC GAMES, S.L.
EDUCTRADE, S.A.
EMCURE PHARMA UK LIMITED
ENOPASIÓN ESTUDIOS DE INGENIERÍA ENOLÓGICA, S.L..
ENOFESTIVAL, S.L.
EUROLOAN (MASH FINANCE) GROUP
EXACT SPAIN, S.L.
FERTINAGRO GROUP
FINDANGO FINANCE SL
FLEETMATICS IRELAND (VERIZON COMMUNICATIONS GROUP)
FLEXTRONICS INTERNATIONAL USA, INC
FRUTAROM INTERNATIONAL
GAMMA TELECOM HOLDINGS LTD
GERANIUM AB
GLOBAL FEED, S.L.
GROUPE SEB IBÉRICA, S.A.
GSN GAMES INC.
GUS UK MANAGEMENT LIMITED
HANES FRANCE
HARD ROCK LIMITED
HESKA CORPORATION
HJ HEINZ GOODS SPAIN, S.L.
HOMESERVE SPAIN, S.L.U.
ICEYE OY
ING BANK
INTER IKEA SYSTEMS BV
JOB & TALENT
JOLLIBEE FOODS CORPORATION
KASPERSKY LAB UK LIMITED
KFC RESTAURANTS SPAIN, S.L.
KONAMI DIGITAL ENTERTAINMENT CO., LTD.
LENOVO (BELGIUM) BVBA
LLAOLLAO ESPAÑA S.L.
LYOPHILISATION SERVICES OF NEW ENGLAND, INC
MOTHERCARE UK LIMITED
MSA EUROPE GMBH
NCR CORPORATION
NEXTRACKER SPAIN, S.L.
NUANCE COMMUNICATIONS INC.
OMNICELL INC
PERFORM MEDIA SERVICES LTD.
PHARMACTIVE BIOTECH PRODUCTS, S.L.
PHONE SERVICE CENTER, S.L.
PIZZAEXPRESS (FRANCHISES) LIMITED
POMONA KEEPERS, SL
PPG INDUSTRIES SARL
PRECISION MEDICINE GROUP INC.
QLIKTECH IBÉRICA S.L.
QUARTIERS PROPERTIES AB
RAYNER SURGICAL S.L.
REGUS
SEEDTAG ADVERTISING, S.L.
SERVICIOS DE TRAMITACIÓN Y FORMALIZACIÓN, SL
SPIN MOBILITY, S.L.
TAX DOWN, S.L.
TEMPUR SEALY INTERNATIONAL LTD
TERRACYCLE
TERVALIS DESARROLLO S.A.
TEVA PHARMACEUTICALS EUROPE BV
THE NEEDO, S.L.
THERMO FISHER DIAGNOSTICS, S.L.
TOM TOM B.V.
TOOGOODTOGO
TRANSICS TELEMÁTICA ESPAÑA, S.L.U.
TRIMAS CORPORACIÓN
TROGLOBYTES GAMES, S.L.
TRIPADVISOR, LLC
UNION GROUP
UNITED BIOSOURCE CORPORATION, S.L.
URTHECAST IMAGING, S.L.
VEGAN JUNK FOOD
VERIZON UK LTD
WE ARE KNITTERS, S.L.
WIDEX A/S
WORLD BULK WINE EXHIBITIONS S.L.
ZUORA UK LTD
Work highlights
- Acting for PHARMACTIVE BIOTECH PRODUCTS in its entry into the share capital of the Pharmactive Group of the French investor SIPAREX GROUP.
- Advising Inter IKEA on the formalisation and negotiation of the business related to a key software solution in its business strategy and a software as a service contract to be acquired by IKEA.
- Advising Banco Santander as lead of the last equity round (series C) of Spanish start-up Housfy.
KPMG Abogados, Spain
Often active in cross-border deals, KPMG Abogados, Spain supports its clients through an array of disposals, acquisitions, joint ventures, corporate governance matters and share capital increase transactions. Eneko Belausteguigoitia Mateache leads the team, which possesses a notable track record in several different industries, such as media, retail, industrial and infrastructure.
Practice head(s):
Eneko Belausteguigoitia Mateache
Other key lawyers:
Rafael Aguilar; Luis Gómez; Javier Bau
Testimonials
‘Flexibility and dedication.’
‘Javier Bau. Dedication, perseverance, service and knowledge’
‘Great team, very solid and reliable, with extensive knowledge of the subject and relevant experience that allows us to offer clients solutions to the different challenges that arise.’
‘Rafael Aguilar, always ready to serve the client at any time and situation offering comfort and imaginative solutions.’
Key clients
COMSA Corporación de Infraestructuras, S.L.
Luarmia, S.L.
Healthcare Activos Yield Growth, S.L.U.
Telefónica Cybersecurity Tech, S.L.
Wasserman Group
Kuwait Petroleum Spain, S.L.
Repsol Nuevas Energías, S.A,
Mabena & Business, S.L.
Terrats Group, S.L.
Hitachi High-Tech Corporation
Work highlights
- Assisted leading infrastructure firm COMSA Corporación de Infraestructuras with the sale of 100% of its subsidiary ADASA Sistemas to German investment fund SKion.
- Acted on behalf of Luarmia, a leader in IVF services with 40 clinics across Europe and Latin America, on the €430m sale of a majority stake Eugin Group, of which Luarmia is part.
- Acted as the sole legal advisor of Healthcare Activos Yield Growth in its acquisition of the entire share capital of Maquavit Inmuebles and, indirectly, a 50% stake in Maquavit’s subsidiary Provitae Servicios Asistenciales.
López-Ibor Abogados
López-Ibor Abogados is instructed on a plethora of different matters, from commercial and distribution contracts through to M&A, corporate structure design and shareholder agreements, among many others. Marta Gil de Biedma is noted for her experience in ‘all kinds of M&A transactions’ and co-leads the practice with real estate and hospitality deal specialist Carlos Trénor. A number of international companies feature in the team's client roster, partly owing to its dedicated French, German and Chinese desks.
Practice head(s):
Marta Gil de Biedma; Carlos Trénor
Other key lawyers:
Fernando Ramos
Testimonials
‘It is a team with a lot of practical sense, that looks for solutions so that the operations go out. Agile, flexible and efficient. We are very satisfied with their work.’
‘It is a law firm with as much sophistication as any of the great ones and with a craftsmanship dedication. Marta Gil de Biedma is one of the lawyers with the most experience and competence in M&A that I know.’
‘Marta Gil de Biedma is an excellent lawyer: she has done all kinds of M&A operations for clients of all kinds and has great common sense and ability to find creative solutions.’
‘Knowledge and agility in the responses, especially Marta Gil de Biedma and Carlos Trenor.’
‘Approach to the matter with pragmatic look to find solutions and safe but simple approaches.’
‘I consider that they are very reliable because they have a lot of great experience. I would highlight Marta Gil de Biedma and Carlos Trenor.’
Key clients
OSTENDORF KUNSTSTOFFE
NTS Navarra Tecnología de Software
EUROCEBOLLAS
Work highlights
- Acted for OSTENDORF KUNSTSTOFFE in complex negotiations with a seller due to sensitive environmental contingencies until closing of a deal.
- Avised NTS Navarra Tecnología de Software, a software solutions integration company specialised in mobility, on the transfer of a majority stock of the company.
- Advised Eurocebollas on its sale to the private equity fund NAZCA.
Marimón Abogados
Established in 1931, Marimón Abogados counts its German, French and Italian desks as key points of differentiation; the practice advises on both M&A and daily corporate advisory services, acting on matters such as due diligence, shareholder agreements and transaction-related documents. Begoña Redón and Anahita Tárrega co-lead the practice, which caters to a number of players from the retail, leisure, industrial, energy and FMCG sectors.
Practice head(s):
Begoña Redón; Anahita Tárrega
Other key lawyers:
Philipp Kirchheim; Luis Marimón
Testimonials
‘I’d highlight the level of care and service, as well as honesty.’
‘Accessibility, absolute comfort with their advice and work capacity to be in several operations at the same time without the quality of work deteriorating.’
‘Accessibility. They are didactic so that the opposite party, who is not always professional, understands the structure of the operation. They are pro-deal lawyers.’
‘Team with dedication and commitment to its clients. Very good service. Technical capacity. Ease of treatment and agility in response. Competitive price and flexibility in the approaches. They enter (and coordinate) other areas when appropriate.’
‘Closeness and technical capacity at a very reasonable cost. Total commitment to its clients. Versatility.’
‘It is a very dynamic and capable department. The lawyers demonstrated a high degree of service-mindedness and responsiveness.’
‘Philipp Kirchheim is dual qualified in Spain and Germany. He understand the mindset of both jurisdictions and is highly recommendable for cross-border matters involving Spain and German-speaking countries. Very responsive and service-minded!’
‘Closeness, availability, knowledge.’
Key clients
Campofrío
Aninpro
Servinform
Grupo Cide
SEPI
Valsoft
The Valley
De Ruy Perfumes
Heineken
Henkell Freixenet
Work highlights
- Acting for a healthcare industry client on the merger of two R&D centres of the Spanish holding in order to achieve a reorganisation of the business group.
- Advised ICC on the sale of IBERCA.
- Advised Story lab on the second round of its acquisition (the remaining 49% of shares) by leading Japanese Group DENTSU AEGIS.
ONTIER
ONTIER's corporate and M&A department handles a mix of domestic and cross-border transactions and is led by Pablo Enrile, a specialist in corporate law, transactions and financing, with specific expertise in the renewable energy, maritime and industrial sectors. The team is active in a number of infrastructure and energy projects across the Mediterranean and includes senior associate Víctor Artola Recolons, a lawyer who complements his prowess in M&A with an in-depth knowledge of private equity and capital markets matters.
Practice head(s):
Pablo Enrile
Other key lawyers:
María Jesús Dehesa; Víctor Artola Recolons; Francisco Fenoy; Bernardo Gutiérrez de la Roza
Testimonials
‘Immediacy, service, disposition and attention 24 hours.’
‘María Jesús Dehesa provides direct treatment, personal attention to the client and efficiency when solving problems; this makes her an essential ally to handle complex matters and solve them in a short time.’
Key clients
Fomento de Construcciones y Contratas, S.A. (FCC)
Inversora Carso, S.A. De C.V.
CMA CMG
Iberdrola
Iberdrola Renovables
Eliantus Energy
Ingenico
Duro Felguera
A&G
Grupo Dominion
Grupo Adelanta
Patentes Talgo
Ric Energy
Indra
Alstom
Cox Energy
Abei Energy Infraestructure
Kratos Integral
Ayesa
Innoliva
Work highlights
- Advising Patentes Talgo on the consortium between 12 Spanish companies for the development of the high-speed project between Meca and Medina in South Arabia.
- Advised Dentix on the sale of all of its Spanish business to Advent International.
- Advised Kratos Integral on the sale of its stake (100%) in Spanish renewable energy sector company Energías Renovables y Desarrollos Alternativos to the German group Robur.
Pinsent Masons LLP
Pinsent Masons LLP directs its focus towards M&A, joint ventures and commercial agreements, in addition to general corporate and company law affairs. The practice is led by Antonio Sánchez Montero, a lawyer with a notable track record in representing both domestic and international players, and is especially active in the energy, infrastructure, technology and healthcare sectors.
Practice head(s):
Antonio Sánchez Montero
Other key lawyers:
Diego Lozano; Inmaculada Castelló; Borja Martín Ariza
Testimonials
‘A team very oriented to the needs of the client and very agile in solving issues.’
‘The relationship with the lawyers, especially with the partner, is exceptional.’
‘High commitment, depth of knowledge of the sector, excellent ability to work under pressure, good interaction and negotiation, extensive experience in M&A.’
‘Recommended for their commitment, experience, knowledge of the sector and negotiating capacity.’
‘Great team and technical knowledge. Business-oriented.’
Key clients
Portobello Capital Fondo IV FCR
Atrys Health, S.A.
Andbank España, S.A.
Student Properties Spain SOCIMI, S.A.
Polaris Equity Partners
Queka Real Partners S.L.
Indigo Infra España, S.A.
France Élévateur
Clipiso Desarrollo, S.L.
Miranza Inversiones Oftalmológicas S.L.
La Finca Global Assets Socimi, S.A.
La Finca Asset Management, S.L.
Sabio Europe Holdings, S.L.U. (Horizon Capital)
Suanfarma, S.A.
Work highlights
- Advised Portobello Capital on the acquisition of a majority stake representative of 76.6% of the share capital of CAIBA.
- Advised Andbank España on the purchase of shares representing 100% of the share capital of Bank Degroof Petercam Spain and several subsidiaries.
- Advised Atrys Health on the acquisition of Global Telemed Systems, Lenitudes, Instituto de Estudios Celulares y Moleculares (ICM) and Aximed.
PwC Tax & Legal Services
PwC Tax & Legal Services handles an array of M&A, reorganisation and group rationalisation matters, commanding a particularly prominent reputation for its due diligence work. Javier Gómez Domínguez leads the practice, which is active in the finance, healthcare and retail industries, among others.
Practice head(s):
Javier Gómez Domínguez
Other key lawyers:
Jacobo Lavilla; Carmen Millán Cruz; Enrique Sánchez Herrero; Joaquín Serralta; Rafael Manchado
Testimonials
‘Total availability of the team, efficient, fast and complete service. It adapts perfectly to the needs and organisation of the company.’
Key clients
El Corte Inglés
Centros Comerciales Carrefour
Proeduca Altus
Gigas Hosting
CBRE GWS
Otsu Group
Envatios World
Kohlberg Kravis Roberts
Óptica del Penedés
Work highlights
- Acted as legal advisor to Carrefour on its acquisition of Grupo Supersol.
- Acted as legal advisor to Envatios World during the sale process of subsidiaries.
- Advised the former shareholders of Optica Penedés on the sale of the company, with more than 80 stores in Spain.
Simmons & Simmons
Lawyers at the Madrid office of Simmons & Simmons operate in close alignment with their colleagues in the Middle East, Asia, London and the wider European region. They handle cross-border and domestic M&A, joint ventures, auction sales, demergers and corporate restructurings, among other matters, with specific expertise in the TMT, life sciences and finance sectors. Ignacio Domínguez Mateos, who joined the firm in 2021, is highlighted for his ‘exceptional knowledge of transactions’. Carlos Jiménez de Laiglesia has left the firm.
Practice head(s):
Ignacio Domínguez Mateos
Testimonials
‘Closeness to the client and collaboration with them when closing the M&A operation’
‘Ignacio Dominguez, exceptional knowledge of transactions, exquisite treatment with the client and born negotiator with the counterpart.’
Key clients
IMV Technologies, SA
Plukon Food B. V.
Nadella S. p. A.
Lyreco Management SAS
BlackRock Inc
Barclays Plc
Goldman Sachs
JP Morgan
Stage Entertainment
China Telecom (Europe) Ltd
PCCW Global BV
Norgine de España S.L.U.
Amicus Therapeutics S.L.
Valentino Spagna, S.L
Wemass Media Audience Safe Solution
Polaris Inc.
Inflexion Capital Partners
Ric Energy
European Energy
Blue Arrow
Auxadi
Work highlights
- Acting for IMV Technologies in the acquisition of Tecnovet.
- Advising US animation and movie studies Skydance with regards to the acquisition of the animation studio from Spanish company Ilion.
- Advised Ric Energy on the sale of 300MW greenfield photovoltaic projects to Sonnedix.
Tribeca Abogados
Tribeca Abogados excels in commercial contract, M&A, private equity and corporate restructuring mandates. Practice co-head Juan Bezares brings over 20 years of experience to the table and is especially accomplished on the corporate advisory, joint venture and corporate reorganisation fronts. Core sectors of focus for the department include technology, healthcare and real estate.
Practice head(s):
Juan Bezares; Diego Ferreiro; José Miguel Mayayo
Testimonials
‘Tribeca Abogados is undoubtedly an outstanding firm that is distinguished by excellence in its professional advice. All the lawyers in the firm stand out for their technical solvency and extensive experience. The quality that makes them unique is their agility and precision to analyse and propose with the utmost diligence the optimal alternative in the defense of the interests of their client.’
‘Resolute when it comes to proposing solutions and putting them in motion. Focused on what is important and not delaying decision making. The partners I have worked with and who stand out in this section are Juan Bezares and José Miguel Mayayo.’
‘Very good availability and quick responses to the questions raised with explanations of the reasons for the recommendations and their legal bases. Monitoring of pending issues and monitoring of third parties involved. Better partner accessibility than other firm teams I have worked with.’
‘Listening to our goals, a plan was presented and clear explanations on how to properly set up and intelligently enter Spain were outlined. Tribeca is like family for not just me, but the entire team.’
‘Perfect knowledge and synchronisation with the client’s needs: they understand what the client needs and provide a robust and practical solutions.’
‘I have worked mainly with José Miguel Mayayo. His availability, his dedication, and his ability to understand the commercial and legal problem and propose practical and creative solutions are at the level of the best lawyers I know in Spanish territory.’
‘The strongest point is the dedication of the partners themselves, regardless of the size of the client.’
‘Exceptional lawyers, agile, effective, precise, efficient, great consultants who accompany the client in decision-making, always maximizing the client’s interests in a comprehensive manner. José Miguel Mayayo, Juan Bezares and Diego Ferreiro are especially recommended.’
Key clients
PHI INDUSTRIAL GROUP
NANOGAP SUB-NM-POWDER, S.A.
PANGAEA ONCOLOGY, S.A.
ORCHARD FRUIT COMPANY, SL
ATALAYA GENERACIÓN EÓLICA, SL
CYGNUS CAPITAL, SL
DIMOLDURA GROUP