Firms To Watch: Commercial, corporate and M&A

Bufete Escura handles an array of transactional, contractual and day-to-day operational affairs, catering to a client base of family businesses, international subsidiaries and a distinctive number of Italian companies, owing to its dedicated Italy desk.
Grant Thornton fields lawyers across Madrid, Barcelona, Vigo, Murcia and the Canary Islands; its team, which has recently added a significant number of new clients to its ranks, is well-versed in acquisitions, takeovers, restructurings, corporate regulations and commercial agreements.
GTA Villamagna Abogados is handling an increasing number of deals within the €20-€60m bracket, operating across a roster of M&A, private equity, strategic investment and capital raising transaction, in addition to corporate governance and shareholder activism mandates.
Laffer Abogados has seen significant growth of late, operating from its offices in Madrid, Bilbao and Pamplona, and is home to lawyers well-versed in M&A, divestments, private equity deals, commercial contract affairs and corporate governance.
Toda & Nel-lo is home to a rapidly expanding corporate and M&A department with specialist know-how in sports, infrastructure, transport, media, mobility and telecommunications; its workload spans M&A, general corporate and business matters, contractual affairs and corporate governance.

Commercial, corporate and M&A in Spain

Clifford Chance

One of the illustrious Magic Circle firms, Clifford Chance is routinely involved in heavyweight transactions throughout the telecoms, energy, infrastructure, financial services, sports, entertainment and media sectors. The seven-partner team is spearheaded by Luis Alonso who holds the distinction of having overseen the creation of the proposed and highly-publicised football competition, The Super League; he operates across M&A, takeover, joint venture and corporate finance transactions and is supported by Jaime Velázquez who is a formidable name on both the transactional and corporate governance fronts, honing his focus on highly regulated industries. Javier Amantegui provides the group with expertise in LBO transactions, meanwhile consultant Javier García De Enterría is a seasoned name for takeover bids and corporate restructurings. Elsewhere, Guillermo Guardia is a standout name in the Barcelona market with both transactional and finance capabilities and the team is also home to two promising counsels in the form of Pablo Murcia and Javier Hermosilla, both of whom have played an active role in several market leading deals of late. Clients also recommend senior associate Miguel BarredoJorge Martín is no longer at the firm.

Practice head(s):

Luis Alonso

Other key lawyers:

Jaime Velázquez; Javier Amantegui; Javier García De Enterría; Guillermo Guardia; Pablo Murcia; Javier Hermosilla; Samir Azzouzi; Miguel Barredo; Patricia Puertas; Javier Montañes


‘Clifford Chance provides a 360° service with a deep business understanding of the issues. They are always available to provide solutions in deadlock situations during a negotiation.’

‘The team formed by Luis Alonso and Pablo Murcia is unrivalled in the industry. Miguel Barredo also stands out among the youngest lawyers.’

‘In my experience, they are the best law firm I have ever worked with. I especially value his efficiency and his ability to get up to speed with complex business issues and integrate as one of the team. I also appreciate the ability to comfort ideas looking for the best possible solution for the client.’

‘Luis Alonso: He is the partner responsible for M&A and our reference lawyer. I especially value his strength in negotiations and ability to find commercial solutions to all the problems that arise in operations. He also has an amazing ability to understand and give an opinion on the financial and strategic aspects of the operation. Pablo Murcia: He is an outstanding associate with great career potential. Javier Hermosilla: Another outstanding associate to highlight. I would also highlight younger associates such as Miguel Barredo.’

‘Javier Amantegui – very commercial lawyer, focusing on the key topics without wasting time on less relevant topics. Patricia Puertas and Javier Montañes are also of note.’

‘Clifford’s Corporate and M&A team led by Luis Alonso surpasses its competitors in experience and professionalism; borders on excellence. With extensive experience in complex transactions, they have the ability to offer innovative and imaginative solutions for the benefit of the client. They also incorporate Artificial Intelligence tools, especially in terms of due diligence, which makes them highly competitive. Another noteworthy element would be the diversity in the composition of the teams associated with a project, both in terms of knowledge and, above all, and it is something that I would especially like to highlight, in terms of gender.’

‘Our work was mainly with Pablo Murcia, from the corporate team. The experience has been very, very good. He perfectly understood our needs and was essential for the conclusion of the operation. He advised us from the beginning to the closing and we can say that the issue would not have been closed without his intervention.’

‘Extraordinary global vision of the specific needs and problems, in a transversal way with different legal practices, in a context of very high tension and stress, with enormous pressure of closing schedule, complying with all the very demanding requirements of maturities and deadlines. I have not had such a complete and consolidated professional experience with any other firm, neither national nor international.’

Key clients



Allianz Capital Partners (ACP)

Altamar Capital Partners


Athletic Club de Bilbao

Asterion Industrial Partners

BNP Paribas


Caisse de Dépôt et Placement du Québec (CDPQ)


China Three Gorges


Corporación Financiera Alba

Cubico Sustainable Investments



European Super League

F.C. Barcelona


Key Capital




Real Madrid C.F.


Sixth Street

Stirling Square Capital Partners



Värde Partners

Vauban Infrastructure Partners

Work highlights

  • Advised the ACS group on all aspects of the sale of its global industrial division, including Cobra (active in more than 50 jurisdictions) to the French group Vinci for a consideration of EUR 5.5 billion and the subsequent creation of a joint venture at global scale between ACS and Vinci for the acquisition and operation of mature renewable energy assets worldwide.
  • Advised Masmovil (and its shareholders KKR, Cinven and Providence) on the takeover bid over Euskaltel for a consideration of EUR 2 billion. As a result of the successful completion of the offer, Masmovil acquired 100% of Euskaltel share capital.
  • Advised financial investor Ardian on the acquisition from EQT of 100% of Adamo, one of the fastest growing fibre optic operators and platforms in the Spanish market, focused on rural areas and supported by an open access wholesale business model, for an estimated value of EUR 1 bn.


Garrigues is a leading domestic firm with offices throughout Europe and South America, in addition to sites in China, New York, Beijing, Shanghai and Morocco; its corporate and M&A team is naturally active on the cross-border front, serving clients from over 85 countries, and excels on public takeovers, private M&A, joint ventures, disposals and restructurings. Mónica Martín De Vidales provides leading input at all stages of transactions, from negotiations through to regulatory concerns, and serves as practice co-head alongside Àlvaro López-Jorrín, a practitioner with over 20 years’ worth of experience in this space who is especially knowledgeable of the financial institutions sector. Fernando Vives, the firm’s executive chairman and managing partner, delivers long-standing expertise in mergers, tender offers, public offerings and private equity transactions, including related financing, meanwhile Sergio González Galán’s track record encompasses major deals within the energy, audio-visual and telecommunications sectors. Aranau Tapias is a more junior partner who provides the team with in-depth knowledge of the insurance sector, with principal associate Beatriz Amillo providing proficiency within the hotel, real estate and automotive fields.

Practice head(s):

Mónica Martín De Vidales; Àlvaro López-Jorrín

Other key lawyers:

Fernando Vives; Sergio González Galán; Aranau Tapias; Beatriz Amillo


‘The best commercial law firm in Spain. It has extensive experience in all types of sectors, particularly energy.’

‘Great involvement of the partners in the issues with a deep knowledge of the issues. In addition, extraordinary involvement of the members of the offices.’

Key clients


Banco Bilbao Vizcaya Argentaria

IAG (International Airlines Group)


Red Eléctrica





Merlin Properties

Work highlights

  • Acted as international private equity firm, Cinven, and Restaurant Brands Iberia agreed for Cinven to acquire a majority stake in Restaurant Brands Iberia.

Uría Menéndez

Uría Menéndez combines a broad national footprint with overseas offices offices in London, New York, Lisbon, Brussels and South America. The team, which represents numerous Fortune 500 and Ibex 35 companies, consists of 30 partners and 100 overall lawyers and is distinctly able to offer on-site English law expertise in addition to Spanish. Manuel Echenique  serves as lead advisor to many of Spain’s largest listed corporates and serves as practice co-head alongside Francisco San Miguel , an expert in both public and private M&A who serves as key port of call for leading financial entities; the duo are supported by Rafael Núñez-Lagos who complements his transactional prowess with knowledge of corporate governance, conflict and regulatory affairs, as well as Juan Martín Perrotto  who is well-placed to support on cross-border deals involving China and Latin America.

Practice head(s):

Manuel Echenique; Francisco San Miguel

Other key lawyers:

Rafael Núñez-Lagos; Eduardo Bagaría; Pedro Ravina; Jaime Pereda; Juan Martín Perrotto; Antonio Herrera; Christian Hoedl


‘The level of technical quality is very homogeneous among the different lawyers of the firm and is the highest in the market. Also, you get the feeling working with them that they really run things in anticipation of the client’s needs.’

‘Juan Marín Perrotto combines a great technical capacity with personal relationship skills that greatly help to bring the operations to a successful conclusion. He is the type of lawyer you want to have on your side in a complex operation.’

‘Technical knowledge, coordination between different areas of the office.’

‘Commitment and technical knowledge. Outstanding Partner: Christian Hoedl.’

‘Rafael Núñez-Lagos and Juan Martín Perrotto. They are both great professionals. His experience, technical and practical knowledge, ability to organize the team and his analytical and problem-solving vision stand out.’

‘We worked with Uria on a handful of smaller bolt on transactions. Uria continues to provide top quality, best-in-class legal services. We are used to working with the most sophisticated firms in the UK and US market, and Uria is right up there with the best of the best in those markets.’

‘We worked extensively with Manuel Echenique- he is a very personable partner to work with, who combines both good commercial savvy with technical skill. He is very well known within the market and is very close to what is going in the market, both commercially and technically.

‘Francisco San Miguel: Impressive dedication and focus. It withstands the pressure of the negotiation very well. He knows when to intervene and lead part of the negotiation and when to leave the leading role to the client. Excellent attorney.’

Key clients


Lone Star Funds



Neinor Homes



Renta Corporación Real Estate



Work highlights

Allen & Overy

One of the UK’s illustrious Magic Circle firms, Allen & Overy‘s team in Spain is spearheaded by a trio of partners, namely Ignacio Hornedo, Iñigo del Val and Bosco de Checa. Torrente possesses over 30 years’ worth of experience in public and private M&A, in addition to corporate governance, meanwhile del Val serves as one of the market’s foremost names for private equity-backed deals. Hornedo is especially accomplished within the energy, infrastructure, banking and financial institution industries whereas de Checa, who made partner in May 2022, handles the full array of transactions in sectors such as media and retail. The team is also home to considerable depth beyond partner level, as represented by senior associates Reka Palla and Patricia Figueroa, both of whom have played an active role in high-end transactions of late. Former co-head Fernando Torrente left the firm in July 2023.

Practice head(s):

Íñigo del Val; Ignacio Hornedo; Bosco de Checa

Other key lawyers:

Reka Palla; Patricia Figueroa


‘From my point of view, the dedication and closeness to the client and their advisors, as well as the extra-mile in their work, are some of the main characteristics that define A&O. They also have human and technological resources to provide an excellent service.’

‘From my point of view, the associates I have dealt with and consider excellent include Íñigo del Val. Their character together with intelligence, experience, availability, and predisposition to always go further and provide the best solution to our clients is differential.’

‘Closeness in the dialogue and coordination of countries from Madrid.’

‘Total availability and deep knowledge of the subject.’


Key clients

Banco Santander




Santander Consumer Finance







Work highlights

  • Advised The Board of Directors of Siemens Gamesa in relation with the voluntary takeover bid launched by its majority shareholder Siemens Energy AG (Siemens).
  • Advised American Tower Corporation on its agreed acquisition of the towers division of Telxius Towers business in Europe and LatAm from Telefónica S.A. (Telefónica) (which implied the acquisition of certain subsidiaries of Telxius developing such business line, including in Spain Telxius Towers España, S.L.U. and Inmosites S.L.U.), KKR and Pontegadea.
  • Acted for Repsol which will be selling a 25% to EIG (or any other fund) in the Holding company owning all the upstream (E&P Exploration & Production) business worldwide. Assets valued at more than 25 billion Euros.


Cuatrecasas is a domestic firm with a far-reaching international network which spans offices in London, New York and Brussels in addition to sites throughout Latin America, Portugal, Africa, China and the Middle East; its team has handled flagship deals within the private equity, energy and industrial sectors of late and is co-led by Alejandro Payá, also well-versed in biotechnology, finance, insurance and infrastructure industries, along with José Luis Rodríguez who works on M&A, restructuring, takeover bid and corporate governance affairs. Juan Aguayo serves as a star names for equity capital markets-related deals with Javier Villasante and Javier Martí-Fluxá often involved in deals intersecting the US and Latin American markets.

Practice head(s):

Alejandro Payá; José Luis Rodríguez

Other key lawyers:

Juan Aguayo; Javier Villasante; Javier Martí-Fluxá

Key clients



















Work highlights

  • Acted for Vinci, on a €4.9 billion acquisition of the energy business of ACS, Actividades de Construccion y Servicios.
  • Represented Platinum Equity, on a €3.5 billion acquisition of Urbaser.
  • Acted for Bain Capital, on a €1.7 billion acquisition of ITP Aero.

Latham & Watkins LLP

At Latham & Watkins LLP, a US headquartered firm, the team in Spain hones its focus on deals within the private equity, energy, real estate, healthcare and telecoms sector. Ignacio Pallarés  handles acquisitions and divestitures related to both public and private companies, regulatory transaction on transactions which intersect the North American, Asian, Latin American and European markets; he co-leads the team alongside María José Descalzo who is particularly acclaimed for matters within the energy and infrastructure sectors. The team was significantly bolstered in September 2022 as Alejandro Ortiz, one of the market’s leading dealmakers, joined from Linklaters.

Practice head(s):

María José Descalzo; Ignacio Pallarés

Other key lawyers:

Ignacio Gómez-Sancha; José Antonio Sánchez Dafos; Alejandro Ortiz

Work highlights


Linklaters is a Magic Circle firm with an expansive international M&A department; its team in Spain is routinely involved in market defining public M&A and private equity transactions and is home to Víctor Manchado, a go-to for blockbuster deals within the finance and energy industries. Elsewhere, Lara Hemzaoui is frequently active on infrastructure and energy-related deals and is particularly accomplished in transactions intersecting the LatAm region, while Carmen Burgos is a standout for her transactional work, including general M&A and joint ventures, though also frequently acts on commercial contracts. Esteban Arza made partner in May 2022 and is developing a prominent reputation for his work on cross-border M&A, private equity, restructuring and capital market transactions. At counsel level, Jose María López is well-regarded among clients and is frequently active on renewable energy deals. Sebastián Albella re-joined the firm in September 2022. Alexander Kolb left the firm in September 2023.

Practice head(s):

Víctor Manchado; Lara Hemzaoui; Carmen Burgos; Esteban Arza; Jose María López; José Giménez; Jaime Zurita; Jesús Alfaro


‘Linklaters function like a well-oiled machine in every aspect of complex M&A transactions. They have a wealth of industry-specific experience not limited to the core M&A documents (such as SPAs and APAs) but also complex carve-out agreements.’

‘Jose Maria Lopez is a tireless worker, who always has an answer to any question. He fights for his client’s position and provides clear advice which provisions are market standard.’

‘Great competence, commitment and responsiveness.’

‘Jose-Maria Lopez and the team handle the quiet formalistic M&A process in Spain brilliantly.’


Work highlights


Pérez-Llorca leverages a presence in Madrid and Barcelona, in addition to overseas sites in New York, London and Brussels, to support on a broad array of leading domestic and cross-border transactions. Javier Carvajal  serves as practice head, brining over 20 years’ worth of experience in energy, financial services, industrial and infrastructure deals to the table; he is supported by Pedro Pérez-Llorca  who has overseen some of the market’s landmark M&A, public takeover, privatisation and multi-jurisdictional transactions, as well as Iván Delgado , previously of the New York office, who notable heads the LatAm desk and international practice. Recent developments in the team include the arrival of Teresa Méndez from Allen & Overy and Javier Bau from KPMG, in January 2023, and the promotions of Florence Legeay and Pablo Hontoria to partner.

Practice head(s):

Javier Carvajal

Other key lawyers:

Pablo González Mosqueira; Alfredo Lafita; Julio Lujambio; Carmen Reyna; Teresa Méndez; Javier Bau; Pablo Hontoria; Florence Legeay

Key clients

CVC Capital Partners



Banco Santander

AM& Capital Europe

Cellnex (Ibex 35)

Grupo Prisa

Indra Sistemas (Ibex 35)

Rhone Capital

Iberdrola (Ibex 35)

Work highlights

  • Advised Masmovil on the negotiation and execution of the irrevocable undertaking through which its fully owned subsidiary, Zegona Limited irrevocably committed to tender the shares it owns in Euskaltel.
  • Pérez-Llorca advised PreZero throughout the sale and purchase on the acquisition of Ferrovial’s environmental services businesses in Spain and Portugal, for a consideration of €1.133 billion.
  • Advised CVC in relation to its 20% stake in Naturgy and the partial takeover bid for this company announced on 26 January 2021 by the Australian fund IFM, for an amount of €5.06 billion.

Ashurst LLP

Ashurst LLP, a Silver Circle firm, operates across M&A, joint venture, private equity and corporate restructuring transactions, demonstrating a tenacity for representing real estate, energy, financial institution, fund and insurance clients, among others. The team is led by María José Menéndez who is highly reputed for her deal making within heavily regulated sectors and is also active on commercial contract affairs; she is supported by Jorge Vázquez who serves as co-head of the firm’s global corporate division and is naturally active on a number of sizeable cross-border transactions. Francisco De León and Francisco Vázquez are no longer at the firm.

Practice head(s):

María José Menéndez

Other key lawyers:

Andrés Alfonso; Pedro Ester; Jorge Vázquez


‘Jorge Vázquez (partner) is a brilliant and commercial negotiator, who does not miss any detail in the transactions. His availability and delivery is total with the client.’

‘They know the market and its precedents and practices very well.’

‘Great availability and technical solvency. Very nice treatment.’

Key clients

Apollo Infrastructure Opportunities

Artá Capital S.G.E.I.C., S.A.


Lighthouse Plc

PIB Group

Nazca Capital S.G.E.I.C.,S.A.


Castellana Properties Socimi

Haya Real Estate

DIF Capital Partners

Corsair Capital

Work highlights

  • Aadvised Apollo on the acquisition of a 49,99% stake in Primafrio, a Spanish cold chain road transport and logistics company. This is the first investment by Apollo’s infrastructure fund in Spain.
  • Advised funds managed by Artá Capital and Favelma Investments, S.L.U., on the sale of Satlink S.L. to funds managed by Ergon Capital, together with the partial reinvestment by the Artá funds and Favelma Investments, which have kept an indirect minority stake in Satlink S.L.
  • Advising CEPSA in relation to the potential sale, within a competitive process, of a portfolio of cogeneration plants located in Spain

Baker McKenzie

Headquartered in Chicago, Baker McKenzie leverages a large international footprint to support on an array of mid- and high-value deals, both domestic and cross-border. The team has recently overseen prominent transactions in sectors such as healthcare, education, pharmaceuticals and biotech and is co-led by Luis Casals  and Javier Menor , a lawyer who also possesses food and beverage, IT, retail and tourism capabilities. Elsewhere, Jorge Adell  covers a broad range of transactions, including M&A, strategic alliances and corporate real estate, whereas Maite Diez  serves as a key port of call for IT and telecommunications clients. Fernando Torrente joined from Allen & Overy in July 2023.

Practice head(s):

Luis Casals; Javier Menor

Other key lawyers:

Enrique Carretero; Jorge Adell; Maite Diez; Cristina Rios

Key clients

Walgreens Boots Alliance

Sanifit Therapeutics, S.A.

Iberdrola, S.A.


SCG Packaging Plc.

Autodistribution SAS

Safran Engineering Services S.A.S.


Westfort Capital Limited

María Isabel Torrent Ortega

Siemens, S.A.

Westinghouse Electric Company




The Crosby Group

Del Monte

Work highlights

  • Advised the Swiss construction chemicals group Sika AG on the acquisition of MBCC Group (Master Builders Construction Chemicals), the former BASF Construction Chemicals division for EUR 5.2 billion.
  • Advised Sanifit Therapeutics S.A. a clinical-stage cardio-renal biopharmaceutical company on the sale of its entire share capital to global pharmaceuticals company Vifor Pharma Participations AG.
  • Advised Thailand-based packaging solutions provider, SCG Packaging Public Company Limited, on the acquisition of a 100% stake of Deltalab, S.L., a recognized Spanish manufacturer and distributor of high-quality medical supplies and labware.

CMS Albiñana y Suárez de Lezo

CMS Albiñana y Suárez de Lezo forms a piece of a global corporate and M&A team with over 1,000 practitioners across 43 counties. The practice, which is particularly accomplished within the energy, food and beverage, automotive, transport, infrastructure, telecommunications, retail and real estate sectors, is well-placed to act for French and German-speaking clients owing to dedicated desks and lawyers with fluency in each languages. Managing partner César Albiñana leads the practice, receiving support from merger, reorganisation, tender offer and LBO expert, Rafael Suárez de Lezo . In addition, Luis Miguel de Dios often advises overseas investors on renewable energy-related acquisitions.

Practice head(s):

César Albiñana

Other key lawyers:

Rafael Suárez de Lezo; Luis Miguel de Dios; Carlos Peña; Mariano Bautista; Ignacio Zarzalejos; Elena Aguilar; Ignacio Cerrato; Pedro Ferreras; Irene Miró


‘The team is very professional, committed and capable of reacting to needs in any area of law that is necessary. In addition to the above, we must highlight the understanding of the characteristics and needs of the client and the ability to make a joint team that makes the difference with other firms.’

‘The ability to assemble a team with the client and be all completely aligned on the project.’

‘Closeness to the client and perfect understanding of the “value for money” of each differentiated field of advice.’

‘In the right balance between provision of quality service and abstraction of the “obsession” for billing hours in order to reach a favourable solution for both parties.’


Key clients

Bluegem Capital

Siemens Gamesa

E2OPEN Parent Holdings

Fomento Urbano de Castellón





Boluda Corporación Marítima

WSP Global

Nexus Energía


Ditec Automóviles

CAM Alternatives

OMNES Education

Rentokil Initial

Work highlights

  • Advising listed renewable energy multinational Siemens Gamesa on sale of a major portfolio of wind farms located in Spain (31 projects), France (19 projects), Italy (9 projects) and Greece (14 projects), with a total capacity of 3.46 GW to SSE Renewables worth €580m.
  • Advised E2open Parent Holdings, a leading network-based provider of a 100% cloud-based, mission-critical, end-to-end supply chain management platform, on its USD 1.7 billion acquisition of BluJay Solutions, a leading cloud-based, logistics execution platform.
  • Advised Fomento Urbano de Castellón, a Spanish company dedicated to the management and acquisition of real estate and urban land, on the sale of a 10% stake in its subsidiary Aguas de Valencia to Spanish investment fund Incus Capital.

DLA Piper

One of the globe’s most active corporate and M&A teams, DLA Piper’s offering in Spain is helmed by Jose Maria Gil-Robles, a specialist in private equity and restructuring; he is supported by two additional partners in the form of cross-border, LBO and MBO transaction expert, Joaquín Echánove, and Enrique Chamorro, noted for his prowess within the technology, education, retail, real estate and healthcare industries.

Practice head(s):

José María Gil-Robles

Other key lawyers:

Joaquín Echánove; Enrique Chamorro; Marta Vizcaíno


‘Joaquin Echanove and Hector Gomez are recommended.’

‘Enrique Chamorro: Knowledge of the sector, ability to relate to the counterpart, availability and closeness.’

Key clients


Cube Infrastructure

Nazca Capital


Infravia Capital

Nutreco Iberia

Waterland Private Equity

Link Mobility


Finnfjord AS

Taurus Capital

Adamo Telecom (Ardian)

Top Tier Capital


Big Language Solutions


Sotavento Capital

Tilden Investments

Eon Partners

Arista Partners

D’Ella Capital

Navega Capital

Work highlights

  • Advised Cube Infrastructure Fund, focused on public services and infrastructure companies, on the multi-jurisdictional sale of a diversified renewables portfolio composed by hydro and wind assets to a consortium backed by White Summit Capital, IST3 Investment Foundation, and Reichmuth & Co.
  • Advised Further Underwriting International, S.L., a leading digitally enabled specialist in the design and development of niche health insurance products and service solutions, in the sale of 100% of its shares to Silverstone HoldCo, S.A., subsdiary of AnaCap Financial Partners.
  • Advising Nutreco on (i) the sale by Grupo Sada, p.a. S.A. (seller) of 100% of the shareholding of Sada,.p.a Canarias, S.A. to Frimancha Canarias, S.L.U. (purchaser); and on (ii) the sale of 75% of the shareholding of Grupo Sada, p.a., S.A. by Nutreco Iberia, S.L. (seller) to Pondex, S.A.U.

Gómez-Acebo & Pombo

The team at Gómez-Acebo & Pombo leverages an in-depth knowledge of transactions within the insurance, retail, technology, venture capital, energy, pharmaceutical, and financial services sectors. Led by Álvaro Mateo, an expert in M&A, private equity and venture capital, the group is also home to managing partner Iñigo Erláiz, who hones his focus on food, retail and manufacturing-related deals, as well as Guillermo Guerra , a lawyer famed for his corporate governance and takeover bid prowess. At senior associate level, Andrés Castro and Jacobo Palanca frequently provide their input on the team’s major deals. The practice was reinforced by the arrival of highly regarded partner Alexander Kolb from Linklaters and of counsel Jorge Martín from Clifford Chance in September 2023.

Practice head(s):

Álvaro Mateo

Other key lawyers:

Iñigo Erláiz; Guillermo Guerra; Pablo Fernández Cortijo; Estibaliz Aranburu; Andrés Castro; Jacobo Palanca; Alexander Kolb; Jorge Martín


‘Extraordinary team, closeness, excellence and high quality in solutions and knowledge. Good value for Money.’

‘High technical quality, business understanding, availability, Excellent team with good distribution of work. Access to transparent billing, empathy with the client’

‘Practical nature of its solutions making the deal possible. Excellent business sense. Especially partner Pablo Fernandez Cortijo.’

‘The team is really all-round and capable to deal with any issues in a very short term.’

‘24/7 availability and detailed follow-up of pending issues.’

Key clients



PAI Partners

Miura Partners



Zardoya Otis


Bonsai Partners

Work highlights

  • Advice to Zardoya Otis on the takeover bid launched by the parent company, Otis Group, for the 49.99% it does not control in its Spanish subsidiary, with the aim of delisting it from the stock exchange.
  • Advice to Crédit Agricole Assurances on the acquisition of the 97,33% of Eolia Renovables together with Engie from the Canadian company AIMCo.
  • Advice to an Ad hoc group of noteholders on the restructuring of the (approx.) EUR 1,1bn of bonds issued by Codere Group, which has been completed November after several months of negotiations. Following the restructuring, the bondholders have taken a 95% ownership stake in the group’s new Luxembourg-based parent company after capitalizing EUR 350m of debt and injecting an additional EUR 225m into the company through new bond issues.

Herbert Smith Freehills LLP

Herbert Smith Freehills LLP leverages its Silver Circle status and expansive international network to support on M&A, joint ventures, LBOs and MBOs, corporate governance and contractual affairs. The team is is proficient in industries such as TMT, pharma, healthcare, energy, real estate, agribusiness, consumer products and industrial. Nicolás Martín is a key practitioner with knowledge of mergers, private equity deals, acquisitions, restructurings and insolvencies. Pablo García-Nieto is no longer at the practice.

Other key lawyers:

Alberto Frasquet; Nicolás Martín

Key clients


Kunshan Technology Investment (HK)

DIF Infrastructure

Magnum Industrial Partners


BD Partners

Península Capital

Blantyre Capital

Alantra Capital


Plataforma Legal

Egis Projects

H.I.G. Capital

Work highlights

  • Acting for Engie, together with Crédit Agricole Assurances, on the acquisition of up to 100% of the share capital of the Spanish company Eolia Renovables from Alberta Investment Management Corporation.
  • Acting for the ultimate shareholders on the debt restructuring and recapitalisation of Mediapro group.
  • Acting for DIF Infrastructure on the acquisition of Itevelesa, the second largest private Spanish provider of vehicle periodic technical inspection (PTI) services, with 72 inspection centres and 20 mobile units in 11 regions.

Hogan Lovells International LLP

Hogan Lovells International LLP leverages its vast international footprint to support on matters in the UK, France and Germany through to Latin America, the US and China. The team is led by Alex Dolmans , an energy, transport, retail, e-commerce and life sciences expert, and is also home to Lucas Osorio  whose experience makes him a go-to for strategic alliances, corporate governance and M&A affairs within the public sector. Beyond the partnership, counsel Eduardo Pérez provides distinct knowledge of the aerospace and defence industries.

Practice head(s):

Alex Dolmans

Other key lawyers:

Lucas Osorio; Eduardo Pérez; José María Balañá; Graciela Llaneza

Key clients

Korelya Capital

Tresmares Capital


Infravía Inversión

Acon Investments

Engineered Stone Group



Mutua Madrileña





Pizzerias Carlos


Work highlights

  • Advising Iberia and Maresa Logistica on the sale of its air cargo subsidiary, Cacesa, to Spanish private equity fund Talde Private Equity.
  • Advising Tresmares on the financing and investment in the vehicle led by Fremman Capital for the acquisition of The Natural Fruit Company.
  • A cross-border team advised IBM in its international restructuring to create the new technology group, Kyndryl. Up to 31 firm offices were involved in the transaction.

Watson Farley & Williams LLP

Watson Farley & Williams LLP counts its focus on the energy sector as a key distinguisher, frequently acting on industry specific asset and project acquisitions, MBOs, LBOs, joint ventures and debt restructurings, among other matters. Practice head María Pilar García Guijarro has also transacted M&A and private equity deals throughout Spain, Europe, the Middle East and Latin America.

Practice head(s):

Maria Pilar Garcia Guijarro

Other key lawyers:

Ana Lorenzo; Gonzalo Aranzabal; Javier Ester


‘Ana Lorenzo very good lawyer with persuasive negotiation techniques. Legally sound.’


Key clients

Caisse de dépôt et placement du Québec (“CDPQ”)

Cerberus Capital Management

Copenhagen Infrastructure Partners (CIP)

Northleaf Capital Partners

Green Arrow Capital SGR (GAC)

Grupo T-Solar Global

Noy Infrastructure & Energy Investment Fund (“Noy Fund”)



Renewable Power Capital

Vinefield Capital

Vortex Energy

Helios Energy Investment


Plenium Partners

Ventient Energy

Afcon Renewable Energy

R.Green Invest

Work highlights

  • Advised CIP on the €1.2bn 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, Spain.
  • Advised Vortex Energy on its €625 million acquisition of up to 49% stake in Ignis Energy Holdings which has a portfolio of 14 GW renewable energy projects under development in Spain and a further 8 GW across the rest of Europe, North America and the Asia Pacific region.
  • Advised Green Arrow Capital SGR (“GAC”) on the acquisition of a portfolio of solar PV projects under development in Spain with an overall expected capacity of 508 MW and a total value of €400m+ from Progressum Energy Development (PED), through its subsidiary Green Arrow Infrastructure of the Future (GAIF) Fund.

White & Case LLP

White & Case LLP is particularly well-placed to support on cross-border deals, owing to its far-reaching international footprint and ability to offer on-site Spanish, US and UK law advice. The team operates across public and private M&A, joint venture and private equity deals, honing its focus on the TMT, energy, infrastructure, financial institution and healthcare fields. Juan Manuel De Remedios leads the practice and, owing to his dual qualification to practice in the US, is a premiere choice for American clients. Yoko Takagi is a key contact for deals intersecting the UK market, meanwhile Carlos Daroca is a key contact for transactions within the real estate field.

Practice head(s):

Juan Manuel de Remedios

Other key lawyers:

Javier Monzón; Yoko Takagi; Carlos Daroca; Álvaro Manzanos


‘In my opinion, the quality of the service provided by White & Case professionals in the commercial, corporate and mergers and acquisitions area is simply unbeatable. Their technical level is second to none, and they know each of their clients in detail and what is expected of them in each operation. All this translates into a work environment at the highest level of technical demand, but always cordial and relaxed.

‘Juan Manuel De Remedios is an extraordinary lawyer. He especially shines when dealing with complex issues and marshals the firm’s immense resources, nationally and internationally, to provide his clients with impeccable advice. In this context, I have been able to see first-hand how Juan Manuel has an exceptionally positive influence on the conduct of the operations in which he advises and on the organization and coordination of his teams.’

‘Yoko Takagi (Partner) Very client-oriented, always accessible and willing to think creatively to find solutions to the problems that arise, Yoko is one of the greatest experts in Spain in M&A operations with international ties. Her advice, always clear, direct and practical, is highly appreciated by the clients she provides his services to. In short, a very, very solid lawyer who knows what she is doing.’

‘In my opinion, what distinguishes White & Case in Spain, in this practice, is its ability to understand the client’s needs and provide creative solutions to problems, greatly facilitating the task of in-house lawyers. I would also highlight the full involvement of the partner.’

‘Involvement of the partner, negotiating skills, quick and solvent response. They make life easier for the client and apply the law with great common sense. I highlight the work of the M&A and corporate partner Carlos Daroca.’

Key clients


Cubico Sustainable Investments

Founders and managers of Universal Clinics and Genera

Advanz Pharma

Macquarie Global Infrastructure Fund SCSp

Goldman Sachs Group Inc.

Amadeus IT Group, S.A.

Ebro Foods S.A.

Legrand SA

Nordic Capital VIII Limited

BTS Group AB


Triton Partners

Yondr Group Holdings, B.V.

Global Technical Realty SARL



Key Capital Impact

Work highlights

  • Represented ABB in the acquisition of the Spanish company ASTI Mobile Robotics Group (ASTI), a leading global autonomous mobile robot (AMR) manufacturer with a broad portfolio across all major applications enabled by the company’s software suite. This will expand ABB’s robotics and automation offering, making it the only company to offer a complete portfolio for the next generation of flexible automation.
  • Represented Cubico Sustainable Investments in the acquisition of Cobra’s wholly-owned subsidiary, Zero-E Dollar Assets, S.L.
  • Represented the founders and managers of Universal Clinics and Genera, a Pan-European group active in the healthcare and human fertility, in connection with the €600 million sale jointly with Investindustrial of their shareholdings to the KKR funds and their reinvestment alongside KKR.


A global law firm, Andersen fields lawyers in Madrid, Barcelona, Seville and Valencia, providing buy- and sell-side representation in M&A and reorganisations throughout the energy, infrastructure, agri-food and real estate industries, among many others. Ignacio Aparicio leads the firm’s Iberian corporate and M&A practice, and is also notably head of its dedicated Cuban desk.

Practice head(s):

Ignacio Aparicio

Other key lawyers:

Javier Bustillo; Jaime Aguilar; Santiago Fuertes


‘A well-cohesive team with effective coordination and leadership from the partner Ignacio Aparicio, guaranteeing a quick response adjusted to the needs of each situation and the client.’

‘The main difference with other firms is the absence of “prima donnas”, therefore, the accessibility of the team members, their good disposition and the ease of dialogue and direct, close treatment with the partners and senior associates.’

‘Andersen differs from the rest of the firms that we have worked with in giving us extensive coverage in our business area at all levels. Itsavailability to our team is absolute. The quality of their work is very satisfactory and the time I spend adjusts to our needs.’

‘For our part, we do not have in-house lawyers and they handle a large part of the legal matter for us. The Andersen team work very well, deliver things on time and add value to transactions. They are generally competitive on price and flexible on billing and rates are reasonable.’

‘Santiago Fuertes is very attentive to his clients and provides good service, his predisposition is total at all times, he is flexible in negotiations and polite and defends the client’s interests very well.’

‘Andersen has an extraordinary Corporate and M&A team, very solid and agile, which is capable of adapting to the particular circumstances of each project. The coordination and availability of the team with the client is total.’

‘Ignacio Aparicio is our reference lawyer for all corporate operations of the group in Spain and internationally. He has great leadership skills in negotiations, even the most complex ones. He understands the development of the business and the sector, providing new perspectives and valuable solutions to each problem or project with great technical excellence.’

‘They always seek identification with the client and the most practical and profitable solution to each problem. They are excellent professionals who go the extra mile to integrate into the project and team up with the client. Their availability, agility and service capacity is exceptional. Also noteworthy is the teamwork both with the rest of the firm’s areas and with the client’s internal team.’

Key clients

Aena Desarrollo Internacional SME, S.A.


Imperial Brands


Enel Green Power, S.L.

Thales España

CompuGroup Medical SE

Brooklyn Fitboxing International

KONE Elevadores

Bregal Milestone

The Island Rum Company SAS

Homeria Open Solutions

Mondo TV Studios S.A.



The Natural Fruit Company (Fremman Capital)

Grupo Eurofins

Pet Media Group (Swedish company)

Work highlights

  • Advised Grupo Angal on the acquisition of a Spanish subsidiary of the Mercedes-Benz automotive group.
  • Advised Vicente Gallent on all the legal, tax and account implications of the sale of the company to the Danish DAT Schaub.
  • Advised the European fund Bregal Milestone on their entry in the capital of InfoCert, owned by the Italian company Tinexta.

Araoz & Rueda

Originally regarded as an M&A boutique, Araoz & Rueda has since evolved into a multi-disciplinary firm though naturally retains corporate transactions as its core pillar. The team is adept in all-manner of deals, from M&A, spin-offs and joint ventures through to private equity, venture capital and capital markets transactions. Sector focus includes health, food and beverage, construction, media and education, among others, with the practice headed by Pedro Rueda and Alejandro Fernández de Araoz. Senior associate Lucía Medina routinely leads on due diligence processes. Guillermo Bueno left the firm in 2022.

Practice head(s):

Pedro Rueda; Alejandro Fernández de Araoz

Other key lawyers:

Lucía Medina

Key clients

Amundi Private Equity Funds

A Contracorriente Films

H Capital Partners

Instituto de Religiosas San José de Gerona

Aceitunas Guadalquivir

Exclusivas JJL

La Casa Efervescente


Terra Firma

Baring Private Equity

Work highlights

  • Advice to the British private equity fund Charme Capital on the acquisition of Indiba, a medical equipment company for medical, physiotherapy and aesthetics professionals, from Magnum Capital fund.
  • Advice to Facundo Blanco, leading Spanish nut and snacks company, on the sale of the group to private equity fund Artá Capital.
  • Advice to Beka Finance, a global investment bank, on the acquisition of 100% of Trea Asset Management, the largest independent liquid asset manager in Spain.

Deloitte Legal

Deloitte Legal is home to a global corporate and M&A team of over 600 lawyers spread across 80 countries. The team in Spain provides a comprehensive array of services, from domestic and cross-border acquisitions through to joint ventures and exits, directing its focus towards the finance, travel and leisure, manufacturing and pharmaceutical sectors. Ignacio Sanjurjo leads the practice, which was bolstered by the arrival of Guillermo Donadeu, a lawyer with a track record in representing family-owned businesses, from CMS Albiñana y Suárez de Lezo in July 2022.

Practice head(s):

Ignacio Sanjurjo

Other key lawyers:

Guillermo Donadeu; Ignacio Echenagusia; Francisco Mayor; Sharon Izaguirre


‘Accessibility and availability. They provide solutions and are not limited to transcribing what is requested by the client.’

‘Knowledge of operations. Experience.’

‘The legal and business knowledge of the client. The commitment and honesty with the client. The effective and reasoned advice in decision-making.’

‘It is a team that is very close to the client, the dialogue is constant, and they are constantly interested in the situation of the company and its legal challenges. They take great care of the relationship and that translates into reasonable fees.’

‘I would highlight the mercantile practice and particulalry recommend Sharon Izaguirre.’

‘Exceptional involvement in projects, proximity, high technical level, initiative to propose solutions to problems.’

Key clients

















Work highlights

  • Advised Telefonica Tech (subsidiary of Telefonica, S.A.) on the acquisition of 100% of Geprom, a technology-based engineering company headquartered in Spain specialising in industrial automation and the digital transformation of existing factory production processes.
  • Advised Atresmedia Group in the framework of the acquisition of 100% of the share capital of the Spanish company, Diariomotor Medios Digitales, S.L.
  • Rendered legal advice to RCI Banque SA (Renault Group) on the acquisition of the entire share capital of Bipi Mobility, S.L.


Dentons, one of the largest firms globally, is present in both Madrid and Barcelona where it supports on M&A, divestments, joint ventures and corporate governance mandates. The practice, which often works in close tandem with the firm’s 20 offices throughout Latin America, is especially well-regarded for its work within the energy, life sciences, technology and fintech industries. Practice head Jesús Durán  is also distinctly knowledgeable of transactional insurance.

Practice head(s):

Jesús Durán

Other key lawyers:

Israel de Diego; Nieves Briz; Diego Pol


‘The team led by Diego Pol stands out for its professionalism and customer service. Not only do they have the expected technical competence, but they also have initiative, are creative and lead the negotiations and the closing. On the other hand, there is always a very good follow-up of the subject and a high capacity to adapt to the circumstances and idiosyncrasies of the client. As for the firm, it is a pioneer in many initiatives regarding diversity, strategy and leadership and offering free training to clients in small (virtual) groups.’

‘Without a doubt, the plus is Diego Pol. His involvement, honesty, ability to coordinate teams in offices in multiple jurisdictions, flexibility in negotiating fees is excellent. We have worked on issues in Spain, USA, Colombia, Asia. In all of them, the result has been optimal and largely thanks to their work.’

‘Unbeatable! Workers, adding ideas and alternatives, the truth is that I have no complaints!’

‘Versatility in the type of operations (sector, size, product) in which they can advise. True accompaniment, regardless of the size of fees they may receive.’

‘Attention to detail (not only legal), good knowledge of the transaction as a whole (big picture) and above all, of what is truly important to the client. Teamwork. Ease of having the opinion of several partners from different teams. Especially relevant is the professionalism of Israel de Diego.’

‘Israel de Diego has stood out for his experience, professionalism and attention to detail. In a tough negotiation, you have achieved excellent conditions for your client. I would like to highlight, compared to other firms, the direct involvement of the partner, investing many hours, something that other firms do not do, as well as his excellent coordination with the team of financial advisors who also advised the client with the aim of knowing all the details of the operation in search for the best contract for the client’

‘The team I worked with was highly competent and devoted to the task and the objectives. Time pressure was extreme but the team delivered on time, or before time.’

Key clients




FCC Aqualia

Grupo Probelte

Applus Servicios Tecnológicos

Serino Inversiones

EPAM Systems


New Stratus Energy

Parques Reunidos (EQT)


Work highlights

  • Advised Vitrolife AB on the acquisition of 100% of the share capital in Igenomix for €1,25 billion from EQT Fund, Charme Capital Partners and other shareholders.
  • Advising Sareb on the competitive auction process for the appointment of one or more service providers to manage, market and maintain its €30 billion portfolio of more than 100,000 financial and real estate assets.
  • Advised global insurance giant AIG on a hard staple warranty and indemnity (W&I) insurance policy in connection with Ferrovial International’s sale of Cespa to PreZero.


The team at DWF-RCD excels on the full array of corporate and commercial affairs, including public and private M&A, restructurings, business establishments, joint ventures and day-to-day operational advice. Adolf Rousaud , an expert within the real estate, hotel and technology fields, oversees the team alongside Ignasi Costas  who fronts the dedicated innovation and entrepreneurship sub-practice. Other key sectors include insurance, energy, sports, food and services, retail and financial services.

Practice head(s):

Adolf Rousaud; Ignasi Costas

Other key lawyers:

Iñigo Montesino-Espartero; Javier Olmos; Eduardo Nebot


‘I have been working with RCD for over 10 years. In that time the team has been growing, but we have always continued working with the same team. They know our company, the business, our objectives and therefore the needs we have. This facilitates conversations with other teams in the office as well.’

‘The team is very close and we have the peace of mind knowing that we can count on them when necessary. In recent years we have carried out different M&A operations in Europe, LatAm and Asia, with the support of the team.’

‘Flexibility of the legal team. Personalized treatment and understanding the client’s situation at all times. Maximum flexibility in billing (fixed part, recurring and extraordinary jobs).’

Work highlights


ECIJA transacts throughout an array of industries, from technology, clean energy and automotive through to aerospace, life sciences, financial services and automotive. The team is engaged on M&A, joint venture, company formation and corporate reorganisation matters and is home to Borja Díaz-Guerra, a practitioner who is notably dual-qualified to practice in both Spain and England/Wales.

Other key lawyers:

Miguel Sánchez; Leticia Domínguez; Emilio Prieto; Borja Díaz-Guerra


‘Technical knowledge, pro-deal, customer service.’

‘The Ecija team communicates with the company mainly through Borja Diaz Guerra. The level of satisfaction is high and we consider Borja to be a leading lawyer in all areas, since although he is a corporate specialist, thanks to the rest of the Ecija team he manages the best solutions for us. Therefore, it offers us a comprehensive solution, managed by someone who has known our company and needs for years.’

‘ABorja Diaz Guerra is our reference lawyer. Borja’s great quality is that he puts himself in our shoes and reviews everything, anticipating future risks. Additionally, he has maximum proximity and availability.’

‘The preparation of its professionals. Dedicated and well-coordinated team.’

‘I have nothing to highlight more than the agility and closeness in the management of the operation.’

‘Ability to understand the operation, its potential problems, the reality that surrounds it, its empathy in the dialogue’

‘Highly dedicated group of professionals, differentiated from its peers by the hands-on approach from key partners, which is the key for us. This makes deals truly partner-led which is a significant value-add given the experience and pragmatism that brings.

Innovations: technologically-minded approach to corporate services (e.g. company secretarial roles) which creates a lot of flexibility and efficiency savings when dealing with international investors, including a number of digital tools and other provisions in this regard.’

Key clients


The Boeing Company

Deutsche Boerse






M&C Saatchi

Melia Hotel Group



BDI Group


Atlético de Madrid Football Club


Conexo Ventures


Amazing Sales Consulting




Inmobilaria Colonial

Morgan Stanley

Urban Share


Parlem Telecom

Oben Holding Group

Team Heretics

AE Industrial Partners

Kapsch TrafficCom Transportation



Work highlights

  • Advised Atlético de Madrid Football Club in with the inversion by Storm Investment, S.à.r.l., a fund managed by Ares Management Corporation, directly invested in ATLÉTICO HOLDCO, S.L. (and indirectly in CLUB ATLÉTICO DE MADRID, S.A.D) through a share capital increase for the acquisition of a 33,96% stake. All the new shares issued were fully subscribed and paid in cash by the investor.
  • Advised the Spanish multinational corporation Inmobiliaria Colonial, in 3 related matters during 2021, including the acquisition by Inmobiliaria Colonial, SOCIMI, S.A. from Predica (a Crédit Agricole entity) of a 13% of SFL, and subsequent non-monetary capital increase executed by Inmobiliaria Colonial, SOCIMI, S.A. to fulfil the consideration (22.494.701 new Inmobiliaria Colonial shares).
  • Advised the Spanish company BioSearch, specialized in ingredients and nutritional supplements of vegetable origin, in the takeover bid launched by the Irish firm Kerry Group on Biosearch. The transaction was launched on 100% of Biosearch shares at 2.2 euros per share, in a takeover bid thus valued at 127 million euros.

Eversheds Sutherland

In addition to its work for domestic companies, Eversheds Sutherland often deploys its broad international network to assist foreign investors and international clients with their transactions and operations in Spain. Juan Díaz Hidalgo enjoys a track record which spans major deals within the banking, public, energy and infrastructure sectors; he spearheads the offering alongside Ignacio Balañá and Carlos Pemán  who is knowledgeable of both transactional and governance affairs and has a keen-eye for healthcare, food, technology and diversified industrial-related matters.

Practice head(s):

Juan Díaz Hidalgo; Carlos Pemán; Ignacio Balañá

Other key lawyers:

Diego Cruz-Villalón; David Williams; Sixto de la Calle


‘High specialisation and efficiency in coordinating the firm’s work teams in other countries.’

‘I highlight Diego Cruz Villalón, for his resolving capacity when dealing with problems of commercial and corporate law.’

‘The Eversheds Sutherland team is approachable, business-oriented, flexible, fully capable of safely advising any complex legal matter, highly capable of conveying trust, and performing services with high standards of integrity and quality.’

‘It stands out for the close and personalized treatment. Eversheds Sutherland attorneys integrate and work as a team with internal legal departments, achieving high goals with a high level of collaboration.’

‘The team is excellent, diversified, with great analytical capacity and concrete in terms of needs and objectives.’

‘The ability to understand the industry, the approach and the availability to find suitable solutions.’

Key clients

Sinclair Pharma

Qivalio SAS (now known as EthiFinance)




Edged Energy

Goal Systems

Sherpa Capital


Allied Hydronics

Work highlights

EY Abogados

EY Abogados is adept in the full spectrum of corporate transactions, domestic and cross-border alike, and is headed by Francisco Aldavero, who operates across M&A and commercial contract matters, in addition to litigious affairs; he is supported at partner level by energy and TMT sector specialist, Susana Gómez Badiola, Simeón García-Nieto who is especially well-connected within the Catalonian market, and Francisco Silván who leverages over 20 years’ worth of experience. José Carnerero is a more junior partner with considerable exposure to multi-jurisdictional transactions.

Practice head(s):

Francisco Aldavero

Other key lawyers:

Susana Gómez Badiola; Simeón García-Nieto; Francisco Silván; José Carnerero

Key clients

EP Corporate Group

Fielmann AG

Jakala S.p.a.


Patatas Hijolusa

VASS Consultoría de Sistemas, S.L.

Lácteas Garcia Baquero, S.A.

Intelligence Partners

Mobius Group

Corporación Financiera Alba

Iberdiagnosis, S.L.


Umbrella Capital

Integrated Service Solutions Global Forwarding Spain, S.L. (ISSGF Spain)

Work highlights

  • Advised Czech EP Corporate Group and VESA Equity Investment on the acquisition of a stake of 50% in the supermarket and consumer goods chains Caprabo and Cecosa from the Basque retail group Eroski.
  • Advised the owner family of Patatas Hijolusa, a Spain-based producer of potatoes, on the sale of a stake of 50% in the company to ProA Capital.
  • Advised the shareholders of Bienzobas, a leading company in Spain in the provision and management of medical oncology services, in the sale of Bienzobas to Atrys Health, a global company that provides precision medical diagnostic and treatment services.

Jones Day

Fielding 400 M&A lawyers across 17 jurisdictions, Jones Day’s team in Madrid is adept in domestic and multijurisdictional M&A, joint ventures, company formations and corporate governance mandates. Miguel Bermúdez de Castro leads the team, having amassed over 15 years’ worth of experience, and is particularly accomplished within the construction, infrastructure, technology, energy, sports and media sectors, among others. Federico Merino  has recently retired and Beatriz Píriz is no longer at the firm.

Practice head(s):

Miguel Bermudez de Castro

Other key lawyers:

Blanca Puyol


‘The direct, close, personal treatment.’

‘Adaptability to the client and changes.’

‘Jones Day is a leading firm compared to the competition, especially due to both the skills and knowledge of its lawyers and the ability to cover all the necessary areas in a project or business at the highest level of quality.’

‘As outstanding legal partner I would like to highlight is Miguel Bermúdez de Castro Navarro. He and the team stand out from the competition because they always know how to go further and always get to the important detail without forgetting the big picture.’


Key clients

Portobello Capital Gestión SA SGEIC

ACS Group (Iridium Concesiones de Infraestructuras)

Montepino Logística

Dunas Capital

Web Financial Group

David Lloyd

Grupo Zaragoza

Greystar Real Estate Partners

Arsenal Capital Partners

EagleTree Capital

FLEETCOR Technologies, Inc.

Work highlights

  • Advised Orange, S.A., one of the world’s leading telecommunications operators, on the combination of their telecom business in Spain with Masmovil, one of the leading telecommunications operators in Spain, for an enterprise value of EUR 18.6 billion.
  • Represented Web Financial Group, S.A. in the sale of all of its technology business to Allfunds, one of the world’s leading B2B WealthTech platforms for the fund industry.
  • Advised Iridium Concesiones de Infraestructuras, S.A. (ACS group) on the EUR 58 million sale of 80% of its interest in Nuevo Hospital de Toledo, S.A. to BSIP Spain HoldCo, S.L., a company managed by Brookfield.

King & Wood Mallesons

Asia’s largest firm, King & Wood Mallesons benefits from a broad global network which has recently seen its team in Spain support on matters in the UK, Italy, France, US, China and Peru, among other locations. The team is well-placed to undertake the full array of transactions within the energy, natural resources, infrastructure, logistics, technology, agri-food and sports sectors and is co-led by Roberto Pomares who counts acquisitions, takeovers, IPOs and restructurings among his key fields of expertise. Promising senior associates Gonzalo Fernández and Victoria Ruenes have both accumulated impressive track records in deals valued in the hundreds of millions.

Practice head(s):

Roberto Pomares; Carlos Pazos

Other key lawyers:

Pablo Díaz; Germán Cabrera; Gonzalo Fernández; Victoria Ruenes


‘The team is very up-to-date with the best practices of the moment and with the ability to provide adequate responses in a very short time.’

‘There is a focus on carrying out the transaction, reformulating the agreements to reach a solution. Outstanding partners include Roberto Pomares.’


Key clients



Suma Capital

Terapias Médicas Domiciliarias


Afterpay Limited

Blue Marble Management


Cubiq Food

Eliance Holding Company

Patrick van der Linden

GreenE Waste to Energy


Krash Kosmetics


EDP Group

Nexxus Iberia


Seaya Ventures


Centro Europeo de Estudios Profesionales (CEEP)

Comess Group


Axis Participaciones Empresariales

Valencia Club de Fútbol

Dorsia Group

Moira Capital Partners


GED Capital

Glendower Capital

Headway Capital

Inmobiopres Holding

Portobello Capital

EDF Fenice

Work highlights

  • Advice to the listed Portuguese company EDP Renováveis on the €328 million sale of a 181 MW wind portfolio (12 wind farms) to the Chinese company China Three Gorges.
  • Advice to Iberian Sports Retail Group, joint venture between the English company JD Sports and the Portuguese group Sonae, on the acquisition of an 80% stake of Deporvillage.
  • Advice to Vapat on the sale of a renewable energy portfolio (443 MW) (wind and PV solar energy) to the British group Ventient Energy.

Ramón y Cajal Abogados

At Ramón y Cajal Abogados, the team is active in both the Madrid and Barcelona markets, operating across M&A, commercial contract, reorganisation, corporate finance and governance mandates. Miguel García Stuyck  thrives on all-manner of deals, and is distinctly well-versed in those within the infrastructure sector or with listed securities; he co-leads the team alongside Alvaro Bertrán  who directs a great deal of emphasis towards energy-related transactions.

Practice head(s):

Miguel García Stuyck; Álvaro Bertrán

Other key lawyers:

Antonio de Mariano; Alfonso Cárcamo; Javier Beltrán


‘The experience. The high quality of the work delivered.’

‘Empathy and availability. Common sense.’

‘Highly qualified team, efficient, quick response, accessible (especially the partner), prepared, and always available to our needs.’

‘The partner we work with, Miguel García Stuyck, is an example of professionalism, knowledge, availability and efficiency, without neglecting the vital human values for any relationship, such as empathy with us, closeness, and always being very pleasant in the deal.’

Key clients




Arena Green Power


Vinova Investments

Coreti shareholders

Industrias Cárnicas Tello

BayWa r.e. Projects España


Q Energy

Junca family

NT 310

Work highlights

  • Advising Seur (belonging to the GeoPost group) on the acquisition of 25% of the share capital of Alolomer SLU, a company in Spain that owns the PUDO network of smart lockers.
  • Advising the Junca family on the sale of 90% of the shares of Junca Gelatines and execution of a shareholders’ agreement.

Roca Junyent

Founded in 1996, Roca Junyent is present in Madrid, Barcelona, Tarragona and Girona where it operates across M&A, private equity, reorganisation and restructuring transactions. The practice comes especially acclaimed for its TMT, banking, insurance and venture capital-related deals and is led by Xavier Altirriba, who is also head of the firm’s dedicated French desk, and is likewise active within the automotive, food and beverage, healthcare and distribution industries.

Practice head(s):

Xavier Altirriba

Other key lawyers:

Alex Llevat; Francesc Baygual; Joan Roca


‘I highlight the technical quality of its professionals, the close treatment and the comprehensive service in the transaction, beyond the legal field. I especially highlight the work of Joan Roca, who accompanied the purchase and sale and whose strategic vision and attitude to favor the understanding of the parties was very important for the success of the operation.’

‘As I said, the mixture of technical quality in the service, strategic vision, availability, empathy and support in the process beyond the strictly legal is the main asset of this team. Not all firms are capable of offering a service of these characteristics.’

‘The lawyers demonstrated an intelligent, creative and effective way of working, helping the success of the results. In a few words, excellent.’

Key clients

Brunswick Corporation (BC)





Excom / Formentor Capital





KIC Innoenergy

ZANK’s founders






Work highlights

  • Advised H.I.G. Capital on the acquisition of a majority stake in Grupo Ransa.
  • Advised Banco Sabadell on the sale of its entire 51.6% stake in Banc Sabadell d’Andorra to Morabanc for EUR 68 million.
  • Advice to the online discount catalogue start-up Tiendeo on its sale to the Italian company Shopfully for EUR 35 million.

Bird & Bird

Bird & Bird, a London-headquartered international firm, is home to an in-depth knowledge of the retail, consumer, tech and comms, life sciences and healthcare industries. The practice often transacts on corporate venture, private equity and venture capital-led deals and is fronted by Lourdes Ayala who also thrives on M&A and joint ventures.

Practice head(s):

Lourdes Ayala


Good knowledge of our company and the subject matter.’

Capacity for resilience and work, especially Lourdes Ayala.’

Key clients

























Work highlights

  • Advising Lyophilization Services of New England (LSNE) on the bidding process for the sale of 100% of the share capital of the company for a company valuation of 1,5 billion USD to PCI Pharma Services.
  • Advising the automobile group Stellantis, through its subsidiary Aramis Group, on the 100% acquisition of the Spanish online car sales company Clicars.
  • Advising P101, venture capital fund, as lead investor in its investment in Mundimoto.


Cases&Lacambra is active in a number of industries, ranging from financial services, venture capital and private equity to retail, energy, healthcare and life sciences. The team handles a broad variety of M&A transactions, including many with a cross-border element, and fields dedicated desks for Eastern Europe and Turkey, Latin America and the Middle East. Lucas Palomar heads up the team, leveraging over 25 years of practice.

Practice head(s):

Lucas Palomar

Other key lawyers:

Pablo Echenique; Bojan Radovanovic; Jose Manuel Llanos Alperi

Key clients

Pig Improvement Company España

Globalmar Reefers, S.L.

Iskaypet Group

Ernesto Ventos

Morabanc Grup, S.A.

Drake Food Service International Etve, S.L.U.


Aquila Capital

Nereo Green Capital Partners

Ib Vogt

Azora Capital

Hedosophia Group Limited

Axon Partners Group

Cuyna Gg Ez, S.L.

Arledan Investments

Work highlights

  • Advised PIC on the acquisition of a farm animal business in Spain.

Fieldfisher JAUSAS

Fieldfisher JAUSAS continues to grow its presence in Spain and has handled a number of standout M&A transactions of late. The team is led by Rodrigo Martos , who is also noted for his corporate governance, unfair competition and shareholder agreement capabilities, and counts the pharmaceutical, medical device, insurance, financial, industrial and technology sectors as its key focuses.

Practice head(s):

Rodrigo Martos

Other key lawyers:

Xavier Miravalls; Paloma Mato; Ana Úbeda


‘The team is young and at first glance it may seem like a weakness until they prove to be a brilliant team, honest, clear and involved and committed to the client’s goals. They are smart and efficient.’

‘They differ by not being traditional; they are resourceful, up-to-date, willing and creative within the law.’

Key clients

The Objective

GBA Group

Grupo Magtel

Quantum Capital Partners

Almar Water Solutions

Albaugh LLC

InvestInvent AG

Work highlights

  • Acted on the acquisition of a majority stake of Kimoa, the fashion brand owned by the world-renowned Formula 1 racing driver Fernando Alonso.
  • Advised the managers of Health Transportation Group on the Management Warranty Deed’s negotiation, related to the contract for the sale of HTG from Proa Capital to Real Assets IM.
  • Advised Zynga on acquisition of Chartboost for a total purchase price of approximately $250 million in cash. We advised on the foreign investment authorization obtention in Spain for the acquisition of Chartboost’s international business.

KPMG Abogados, Spain

KPMG Abogados, Spain is home to a team active on M&A, disposals, joint ventures, share capital increases and corporate governance affairs. The practice, which is led by Eneko Belausteguigoitia and often collaborates with its colleagues across the firm’s overseas offices, is knowledgeable of a broad variety of sector, including the media, infrastructure, industrial and retail fields.

Practice head(s):

Eneko Belausteguigoitia

Other key lawyers:

Rafael Aguilar


‘Flexible team with a high capacity to adapt even in situations of lack of (human) resources and a great capacity to meet the deadlines that are asked of them.’

‘For me, one of the best qualities is their ability to provide solutions to complex situations.’


Key clients

Schenker Logistics, S.A.

Liga Nacional de Fútbol Profesional (LaLiga)

Magnum Capital Partners

Econocom Group S.E.

Viamed Salud S.L.

Luarmia S.A. (Eugin Group)

Saeta Yield

Beacon Rail Leasing Limited


Armonia SGR S.p.A.

Azimut SGR S.p.A.

Mutua Terrassa

Nortia Capital Investment Holding, S.L.

Work highlights

  • Acted as exclusive legal advisor to Enagás Renovable in the establishment of a joint venture with Grupo GeniaDabar for the development of several projects related to the anaerobic digestion of organic matter for the production of energy.
  • Assisting Italian asset management companies Armonia and Azimut Libera Impresa on the acquisition of Spanish corporate Petroplast S.A., a major manufacturer of packaging and other plastic products.
  • Acting as exclusive legal advisor to the shareholders of Altafonte Group on the sale of a stake in the company to US music investment fund Exceleration Music Partners LLC.

López-Ibor Abogados

The team at López-Ibor Abogados is co-led by Marta Gil de Biedma , a mid-market and cross-border deal specialist, alongside Carlos Trénor Löwenstein who is especially well-versed within the real estate and hotel sectors; the duo oversee a broad array of transactions including M&A, joint ventures, strategic alliances and restructurings.

Practice head(s):

Marta Gil de Biedma; Carlos Trénor Löwenstein


‘With the experience gained in recent years, they have become specialists in the granting of usufructs and in the purchase of lease contract rights.’

‘Pragmatic and focused on agile solutions to lead the client to achieve their goals. They avoid friction, bureaucracy and formalities beyond what is necessary. Great business vision to understand the people of the company and their needs.’

‘Experience with great common sense. Ability to generate good relationships with the client and the opposing party due to its flexibility and adaptation to circumstances. Well-coordinated teams that avoid inefficiencies and duplication.’

Work highlights

Marimón Abogados

Marimón Abogados is active on domestic and cross-border transactions alike, deploying dedicated desks for France, Italy and Germany. The team, which excels on corporate governance, due diligence, joint ventures, M&A, restructuring and contract law, is co-headed by Anahita Tárrega and Begoña Redón.

Practice head(s):

Begoña Redón; Anahita Tárrega

Other key lawyers:

Philipp Kirchheim; José Miguel Martín-Zamorano


‘I have met few firms worldwide who manage to combine a very human and personal approach with a very high level of excellence. Every partner and associate I had the pleasure to work with was excellent and, on top of this, super accessible and likeable. Also, their foreign language skills are impressive, whether German, French or English.’

Key clients






The Valley


Hoteles Ferrer


Atlas Copco

Work highlights

  • Advised the listed German company Wacker Neuson, a leading corporation in the field of manufacture of construction equipment, in the acquisition of Enar Group, a Spain-based manufacturer of concrete vibration equipment (Enarco S.A.) with several subsidiaries in North and South America, Europe and China
  • Acted on the purchase of 7Pines Resort Ibiza by the EV Leisure Hotel Fund 1 which has now acquired properties in Ibiza (Spain), Sardinia (Italy) and Scotland (The UK).
  • Acted as Stef Group acquired 2 companies Transporte temperatura controlada and PTC Logística frigorífica SL as well as two logistics warehouses in the same acquisition deal.


An international firm present in 14 countries, ONTIER is naturally active on a number of cross-border M&A deals. Jorge Perujo enjoys close ties to American, Chilean, Italian and Dominican Republic markets; he co-leads the team jointly with Víctor Artola Recolons, an associate who supplements his M&A prowess with knowledge of private equity, corporate finance and capital markets.

Practice head(s):

Víctor Artola; Jorge Perujo

Other key lawyers:

Bernardo Gutiérrez de la Roza; Pablo Enrile; María Jesús Dehesa


‘Commitment. Technical Knowledge. Flexibility and Solutions.’

‘Pablo Enrile is outstanding as a lawyer. Top level.’

‘The ONTIER Mercantile team is very professional, with extensive experience both in Spain and in other jurisdictions in which they provide us with services.’

‘Jorge Perujo stands out for his professionalism, experience, ability to work, flexibility and for his involvement with his clients, he is always open to finding solutions. All this makes it very easy to work with Jorge Perujo.’

‘Ontier’s corporate and M&A practice is extraordinary from every point of view. They advise on operations of enormous technical complexity, providing creative solutions and with the absolute involvement of the partners. The professionals that make up the team are exceptional personally and professionally and, of course, are on a par with the best law firms in the country.’

‘Ontier lawyers combine an enormous technical and human quality which allows them to adapt to all types of clients and matters. His most outstanding qualities are technical excellence, the ability to work and adapt to clients and issues, and extensive experience in highly complex issues. Among them, I highlight Pablo Enrile, Victor Artola, Jorge Perujo, Lucía Gonzalez and Maria Barbed.’

‘Being a smaller office, dealing with the client is more direct and personalized, so doubts are resolved sooner and responses are speeded up’

‘They are just as brilliant as many of the professionals from other firms, with the addition that dealing with the client is direct and they are aware of the matter that the client has contracted with them.’

Key clients

Culmia Desarrollos Inmobiliarios, S.L.

Inversora Carso, S.A. De C.V.

Asesores y Gestores Financieros, S.A. “A&G”

Gamechange Solar Corp

Grupo Sonae

Busining Desarrollos Empresariales (Subsidiary Sherpa)

Aenor Internacional, S.A.U.

Grupo Parques Reunidos

Varian Medical Systems

SKG Logistics Corp

Frontal Trust (Gestora de Fondos Chile)


Real Betis Balompié, S.A.D.


Work highlights

  • The firm’s M&A Energy Spain and Italy teams advised Matrix Renewables Spain, S.L. on the acquisition of a portfolio of PV projects with a capacity of approximately 450 MW located in different locations in Spain and Italy.
  • Secondment advice to the legal team of Parques Reunidos in the acquisition of the Adventureland complex (which includes an amusement park, a hotel and a campground) located in IOWA, USA.
  • Advice to Real Betis Balompié, S.A.D. on the constitution of the corporate vehicle for the construction and operation of the new sports city of Real Betis Balompié, which entails the analysis and, where appropriate, execution of complex operations.

Pinsent Masons LLP

Lawyers at Pinsent Masons LLP are noted for their prowess in M&A and private equity deals, in addition to joint ventures, commercial agreements and corporate/company law matters. The team, which is headed by Antonio Sánchez Montero, counts energy, healthcare, technology, industrial and infrastructure among its key sectors. Other names to note include Diego Lozano, Inmaculada Castelló, Borja Martín Ariza and Sergio Redondo.

Practice head(s):

Antonio Sánchez Montero; Diego Lozano; Inmaculada Castelló; Borja Martín Ariza; Sergio Redondo

Key clients

Intermediate Capital Group (ICG) PLC

Suan Farma, S.A.U.

DUET Acquisition Corp.

Atrys Health, S.A.

Andbank España, S.A.

La Finca Global Assets SOCIMI, S.A.

Enagás, S.A.

BayWa r.e. España

Clipiso Desarrollo, S.L.

Ørsted A/S

Ápices Soluciones, S.L.

Asteria Group

Sacyr Agua, S.L.

Idifarma Desarrollo Farmacéutico, S.L.

IDOVEN 1903, S.L.

La Finca Asset Management, S.L.

Aire Networks del Mediterráneo, S.L.

Oesía Networks, S.L.

Digitalent Group, S.L.

BontexGeo, NV

Work highlights

  • Advised ICG Europe Fund VII on the transfer of one of its portfolio companies Konecta.

  • Advised Atrys Health on the formulation of a takeover bid for the 100% of the shares of ASPY Global Services.
  • Advised the management team on the disposal of Suanfarma group to Archimed SAS.

PwC Tax & Legal Services

PwC Tax & Legal Services's team in Spain handles a large volume of domestic and international M&A, reorganisation and rationalisation transactions, catering to clients from industries including education, real estate, energy, pharma and transport. Javier Gómez Domínguez leads the practice.

Practice head(s):

Javier Gómez Domínguez

Other key lawyers:

Jacobo Lavilla; Carmen Millán Cruz


‘The team stands out for its great technical and work capacity, and especially for understanding the needs and priorities of the client and their ability to integrate into project teams. Lawyers are fast, efficient and practical.’

‘Their continuous training, the number of forums and events in which they participate, and the multidisciplinary nature of PwC are a plus that differentiates them from traditional firms.’

Key clients

Renfe Operadora

Naturgy and Enagas

Portobello Capital


Proeduca Altus

Gigas Hosting


Bovis Project Management, S.A.,

iZen Producciones Audiovisuales, S.L.

Sociedad Estatal de Participaciones Industriales (SEPI)

Neinor Homes

Work highlights

  • Advised Renfe on its expansion in Eastern Europe. Renfe Operadora has closed in Prague the acquisition of a significant stake in the Leo Express Group with the aim of expanding its international presence in the Czech Republic, Germany, Poland, and Slovakia. This operation arises because of the liberalization process of passenger rail transport
  • Advised Natury and Enagas in a joint venture greement in which both parties are bringing to an SPV their combined knowledge and experience in the sector in which they operate, to jointly promote, build and operate a plant for the generation of renewable energy.
  • Advised Portobello Capital on the acquisition of a majority stake in Caiba, a leading manufacturer of PET containers in Spain. Headquartered in Valencia and with three production plants strategically distributed in Spain (Valencia, Jaén and Toledo).

Squire Patton Boggs

Squire Patton Boggs welcomed Teresa Zueco from DLA Piper in November 2021 and has since leveraged her long-standing expertise and prominent market reputation to develop a practice which excels on infrastructure, energy, real estate, telecom, digital and healthcare-related transactions, honing its focus specifically on the mid-market.

Practice head(s):

Teresa Zueco

Other key lawyers:

Pablo García Oliván; Rocío García; Rafael Alonso; Carlos Blanco Morillo

Key clients

Groupe Colisée

Bregal Milestone

Corialis Group

Unnox Group

Sherpa Capital

Cube Infrastructure

Globant Group





Incara Lab


Divino Resort




Work highlights

Tribeca Abogados

Tribeca Abogados operates across M&A, private equity and venture capital transactions, leveraging an in-depth knowledge of the energy, technology, industrial and healthcare industries. The department is spearheaded by a trio of Juan Bezares, Diego Ferreiro and José Miguel Mayayo.

Practice head(s):

Juan Bezares; Diego Ferreiro; José Miguel Mayayo


‘High availability.’

‘Extensive knowledge in very diverse subjects and speed in carrying out the work.’


Key clients

















Work highlights