Firms To Watch: Commercial, corporate and M&A

The corporate and M&A practice at Chevez Ruiz Zamarripa was significantly strengthened in September 2022 by the addition of the now practice head Guillermo Bueno. Bueno, who joined from Araoz & Rueda, possesses a solid track record in domestic and cross-border M&A, PE and VC deals.
Under the leadership of Ignacio Domínguez Mateos (a former Latham & Watkins LLP counsel) since 2021, Simmons & Simmons‘ M&A department in Spain, which excels in high-value M&A, joint ventures, commercial contracts, and corporate restructuring, was reinforced by the November 2022 arrival of Francisco De León , singled out for his experience in M&A involving the insurance and financial services sectors, from Ashurst LLP.

Commercial, corporate and M&A in Spain

A&O Shearman

A&O Shearman is regularly turned to by an impressive roster of international and Spanish blue-chip clients across a variety of industries, including energy, infrastructure, TMT, life sciences and real estate, to name a few. The ‘highly prepared team‘, which is equally adept in public and private M&A deals, showcases strength in high-value, and cross-jurisdictional mergers, acquisitions, disposals, and strategic joint ventures. At the helm of the practice sits Iñigo del Val, a seasoned M&A and private equity practitioner, who is especially proficient in transactions involving the infrastructure and energy sectors. These are also key areas of focus for Ignacio Hornedo, whose broad knowledge covers all aspects of corporate and M&A work, from high-value deals to corporate reorganisations. Both listed and closely-held businesses routinely seek Bosco de Checa‘s assistance in transactional matters concerning the infrastructure, energy and media segments. Other noteworthy individuals include Reka Palla, who has recently advised on a number of significant M&A deals in the Spanish market, and Patricia Figueroa, who handles a mix of M&A deals, asset transfers and commercial contracts.

Practice head(s):

Íñigo del Val; Ignacio Hornedo; Bosco de Checa

Other key lawyers:

Pablo Méndez; Reka Palla; Patricia Figueroa; Nicolás Sierra


‘Very professional. Great experts in M&A. With a great vocation for service. Among the best in Spain.’

‘I highlight Bosco de Checa as a partner of the corporate team. A reference for good service.’

‘Highly prepared team, with a lot of experience in this space. Ability to question the client’s approach in an attempt to improve them. They integrate well with client teams and adapt to client dynamics.’

‘Iñigo Del Val is a born leader, with a great ability to focus on essential issues. Bosco De Checa is a great lawyer, very prepared and with a great disposition towards the client.’

‘I would especially highlight Ignacio Hornedo and Patricia Figueroa’s  professionalism, knowledge, empathy and proactivity.’

‘Iñigo del Val is an excellent professional.’

Key clients


Siemens Gamesa

Igneo Infrastructure Partnes

Saudi Aramco

AD Ports


Intermediate Capital Group




Banco Santander






Work highlights

  • Advised Repsol on the sale of 25% of its upstream business (E&P Exploration & Production) worldwide, assisting with part of the prior reorganisation that had to be conducted in order to sell the E&P business.
  • Acted for FCC in the sale of 24.99% of its environmental subsidiary, FCC Servicios Medio Ambiente Holding, S.A.U., to the Canadian pension fund CPPIB.
  • Advised Cepsa on the sale of a minority stake in Cosmo Abu Dhabi Energy Exploration & Production to TotalEnergies.

Clifford Chance

One of the preeminent law firms in Spain for transformative M&A, Clifford Chance routinely handles a significant volume of large-cap deals in a variety of industries on behalf of major multinational and domestic public corporations, privately-held companies, and financial investors. With a strong presence in the country’s two transactional centres, the M&A practice has been particularly active in the energy, infrastructure, TMT, insurance, financial services and sports sectors as of late. Lauded by clients for his ‘strong negotiation skills and strategic advice‘, department leader Luis Alonso is a reference for energy and sports-related deals. The latter is a key area of activity for counsel Pablo Murcia. Managing partner Jaime Velázquez remains a key point of contact for global and Spanish blue-chip clients. With a special focus on financial investors and private equity matters, Javier Amantegui is another name to note in the team. Javier Hermosilla and Miguel Barredo possess a proven track record in domestic and cross-border business transactions. Guillermo Guardia oversees the corporate group in Barcelona, and is singled out for his experience in both M&A and financing deals.

Practice head(s):

Luis Alonso

Other key lawyers:

Jaime Velázquez; Javier Amantegui; Samir Azzouzi; Guillermo Guardia; Pablo Murcia; Javier Hermosilla; Javier Olabarri; Miguel Barredo; Samuel Rosas


‘Clifford Chance is my law firm of reference as in my opinion, they have the best corporate team in the Spanish market. I would highlight that they integrate very well with our internal teams, they understand and know our business well and provide commercially oriented and practical advice.’

‘Luis Alonso’s very strong negotiation skills and strategic advice set him apart. He makes a very good team with counsels Pablo Murcia and Javier Hermosilla who are also excellent M&A lawyers.’

‘Luis Alonso has the unique ability to negotiate and protect the interests of his clients. ’

‘Strengths: technical knowledge, availability, innovative solutions, negotiating and strategic capacity, language proficiency, firm with an extensive network of offices in different countries.’

‘Guillermo Guardia: technical knowledge, innovative solutions, and strategic negotiation skills.’

‘Samuel Rosas: a technically impeccable professional with great communication skills, who makes it very easy to understand the operations and legal risks for the company’s interlocutors and the people who make the decisions. Always establishes clear recommendations taking into account the client’s business reality. Jaime Velázquez: great negotiation skills. Technically outstanding, very quick in analysis and decision making.’

‘It is a complete and multidisciplinary team that goes hand in hand with the client, not only providing solutions but also anticipating the problems that arise. Diligent. Continuous and proactive collaboration. They facilitate the understanding of problems and provide imaginative solutions.’

‘Pablo Murcia – Exceptional commitment to the projects, always focusing on the client’s needs. Our go-to guy who takes care of everything in the best possible way from a lawyer, manager and entrepreneur perspective.’

Key clients





Real Madrid C.F.


Banco Santander

F.C. Barcelona

European Super League Company



Sixth Street

Värde Partners

Norges Bank



China Three Gorges


A22 Sports Management

Key Capital Partners

Arjun Infrastructure Partners

Esdec Solar Group



RES (Renewable Energy Systems)

Work highlights

  • Advised Norges Bank, through its investment branch Norges Bank Investment Management, on its acquisition of a 49% interest in a 1.3 GW portfolio of solar plants and onshore wind farms in Spain from Iberdrola.
  • Advised Generali on the acquisition of Liberty Seguros from Liberty Mutual for €2.3bn.
  • Continues to act for European Super League Company and A22 Sports Management in all aspects related to the ongoing formation of The Super League.


Boasting an extensive national platform, Garrigues is seen with great regularity advising major Spanish clients, including a large share of IBEX-35 companies, on industry-defining transactions. The firm is noted for its proficiency in high-value M&A deals across an array of sectors, ranging from energy to TMT and financial services. The corporate and M&A practice is led by a capable duo: the ‘very professional and knowledgeableMónica Martín De Vidales, who acts for both private and public listed companies in high-end M&A; and Àlvaro López-Jorrín, who boasts a strong track record in transactions involving the banking sector. Managing partner Fernando Vives, ‘undoubtedly one of the best lawyers in Spain‘, remains active advising on sophisticated M&A and corporate governance issues concerning Spanish listed companies. With almost two decades’ experience in this space, Arnau Tapias is trusted by insurers and listed companies seeking guidance on contracts, corporate restructurings, acquisitions and disposals. Outsourcing transactions are a notable strength for Sergio González Galán, who heads up the firm’s corporate governance team.

Practice head(s):

Mónica Martín de Vidales; Álvaro López-Jorrín

Other key lawyers:

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


‘Garrigues provides a very good service. The team is highly efficient and pragmatic. They are approachable and knowledgeable of corporate law matters.’

‘Mónica Martín De Vidales is very professional and knowledgeable. She is efficient in providing advice and drafting.’

‘Availability for any client need; great technical-legal and financial sector knowledge; experience in complex transactions; they perfectly understand the client’s needs and even anticipate them.’

‘One of the three best law firms in Spain in this field. They have extensive knowledge of M&A and the client’s business.’

‘Fernando Vives is undoubtedly one of the best lawyers in Spain. He has the ability to address legal work with a degree of precision and detail, as well as experience, that is practically unique. Arnau Tapias is a great professional with commendable dedication and precision in his judgments. ’

‘The Garrigues team has characteristics that make it one of the best in this area. The team possesses the appropriate diversity of professional skills, seniority, and client care skills to provide first-class services. They are very flexible and adaptable and have the ability to quickly and adequately understand clients’ needs. It is a team which it is very easy to work with.’

‘Sergio González Galán stands out above all, but Beatriz Amillo is also outstanding.’

‘The outstanding partners are Fernando Vives and Alvaro Lopez-Jorrín. They differ from competitors in their knowledge of the sector and the business, and their proactive ability to offer practical solutions to problems with a business vision.’

Key clients


Banco Bilbao Vizcaya Argentaria

IAG (International Airlines Group)


Red Eléctrica





Merlin Properties

Work highlights

  • Advised Matrix Renewables on the joint venture agreement with Rolwind Renovablesto for the creation of a new platform dedicated to the development and construction of 4 GW of green hydrogen projects in Spain in the following 10 years.
  • Advised the private shareholders on the sale of IVI RMA to KKR for €3bn.


Offering legal support to a stellar client base comprising multinational companies, financial investors and other active participants in M&A, Linklaters excels in big-ticket transactions at the domestic and international level. Singled out for its ‘excellent M&A track record and knowledge of corporate law‘, the team continues to attract instructions from an impressive number of new clients from the energy, life sciences, infrastructure and private equity spaces. Víctor Manchado, head of the corporate department in Madrid, is particularly skilled in public M&A mandates in the energy and financial services sectors; he is also proficient in M&A involving distressed assets and private equity. Energy and infrastructure-related deals are among Lara Hemzaoui‘s core areas of focus. The ‘fantasticCarmen Burgos is a key contact for domestic and cross-border M&A, joint ventures and commercial agreements. Other names to note include: M&A and PE specialist Esteban Arza; Jose María López, who plays a prominent role in renewable energy transactions; managing partner José Giménez, who shines on matters involving regulated sectors; and senior consultant Jaime Zurita, whose broad practice covers IPOs, public M&A and tender offers.

Practice head(s):

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


‘Innovative in structure, excellent technique and tireless in execution.’

‘Victor Manchado is capable of reaching agreements on complex issues, maintaining the general vision of the project but going down to detail.’

‘They perfectly understand the client’s needs and anticipate them.’

Uría Menéndez

One of the best in the market‘, Uría Menéndez works with a broad range of strategic clients, including Fortune 500 and Ibex-35 companies, on a wealth of headline-grabbing transactions. With a strong presence in the Spanish and Portuguese-speaking world, the firm is a prime destination for M&A deals in Iberia and those with links to Latin America. The highly regarded Manuel Echenique is trusted by many Spanish listed companies and private equity firms in domestic and cross-border M&A and financing transactions. He oversees the corporate and commercial practice alongside Francisco San Miguel, who excels in public and private M&A, and is a key contact for large and mid-market private equity players. Bringing together expertise in M&A, corporate law and governance issues, Rafael Núñez-Lagos is often engaged in mandates involving financial institutions and the infrastructure segment. Guillermo del Río stands out at senior associate level for his regular involvement in sophisticated M&A, joint ventures and strategic investments.

Practice head(s):

Manuel Echenique; Francisco San Miguel

Other key lawyers:

Rafael Núñez-Lagos; Jaime Pereda; Pedro Ravina; Guillermo del Río; Sara García Vázquez


‘Manuel Echenique and Guillermo del Rio are excellent M&A lawyers, technically and commercially.’

‘Highly prepared team, very client-oriented, with the ability to fully integrate into the client’s teams and dynamics.’

‘Uría’s team is one of the best in the market, with great preparation of its lawyers and a high predisposition towards the client. Francisco San Miguel is one of the best lawyers I have worked with; he stands out for his impressive work capacity, impeccable client service and indescribable resistance.’

‘A united and compact team. In addition to being very rigorous, it is a delight to work with them because they are respectful, collaborative, friendly, hard-working, as well as very good technically, they always seek to get the best out of the project. They are a great team.’

‘I have worked with Sara García Vazquez primarily and I find her outstanding. She is very dedicated.’

‘Experienced professionals with a breadth of knowledge.’

‘Super responsive and very reliable commercial approach.’

Key clients


Siemens Gamesa Renewable Energy



Swiss Life



Plenium Partners

Thoma Bravo



Cuatrecasas is routinely sought out by a litany of Spanish and international corporates across the retail, consumer goods, life sciences, insurance, industrial and energy sectors. The practice has continued to concentrate its position as an adviser in high-end domestic and cross-border M&A, benefitting from its strong network of offices stretching across Latin America, New York and London. The department is under the joint leadership of Alejandro Payá, who regularly advises on M&A deals, joint ventures and strategic alliances in the financial services, infrastructure and life sciences segments, and José Luis Rodríguez, a reference for domestic and multijurisdictional acquisitions and corporate restructurings. Javier Villasante focuses on M&A and PE matters, while Javier Martí-Fluxá maintains a broad practice covering M&A, joint ventures, ECM deals and takeover bids.

Practice head(s):

Alejandro Payá; José Luis Rodríguez

Other key lawyers:

Juan Aguayo; Javier Villasante; Javier Martí-Fluxá

Key clients


Anacap Financial Group

Bain Capital

Acciona Energias Renovables


General de Alquiler de Maquinaria (GAM)


Söderberg & Partners


Volkswagen Group España

Work highlights

  • Advised Bain Capital on the acquisition of ITP Aero for €1.6bn.
  • Acted for Sacyr in the sale of Valoriza Servicios Medioambientales for €734m.
  • Advised Brown-Forman on the acquisition of the Diplomático rum trademark in Spain, Portugal and Panama.

Gómez-Acebo & Pombo

Home to ‘a very professional, competent and stable team of lawyers‘, Gómez-Acebo & Pombo possesses ‘extensive experience in M&A transactions‘ in key economic sectors, including TMT, banking and energy. Leading the department, Álvaro Mateo shines on private equity deals and M&A involving the technology segment. Managing partner Iñigo Erláiz marries in-depth knowledge of corporate and commercial law with significant experience in M&A, PE and insolvency mandates. Guillermo Guerra Martín is the name to note for corporate governance matters, which is also an area of expertise for Estibaliz Aranburu. Pablo Fernández Cortijo takes the lead on energy-related deals. The practice was recently reinforced by the May 2023 addition of Alexander Kolb, a seasoned M&A and PE practitioner who joined from Linklaters, and by the arrival of counsel Jorge Martín from Clifford Chance in September 2023.  Martín is especially active in the PE, infrastructure, TMT and energy sectors.

Practice head(s):

Álvaro Mateo

Other key lawyers:

Iñigo Erlaiz; Guillermo Guerra Martín; Estibaliz Aranburu; Pablo Fernández Cortijo; Alexander Kolb; Jorge Martín


‘Cohesive and very professional team.’

‘The team has a lot of experience in M&A. It is also a very agile team with vision and high business sense. ’

‘Pablo Fernández Cortijo is an excellent lawyer with more than proven experience in the M&A arena in Spain. When supporting negotiations, he always has a pro-deal attitude and is very proactive. Due to his experience, he is very agile and respected, and generates a lot of security when defending the interests of his clients. ’

‘Ability to work in both English and Spanish; extensive experience in M&A transactions and associated requirements regarding commercial diligence.’

‘Gómez-Acebo & Pombo has a very professional, competent and stable team of lawyers who cares and is involved in knowing the company’s activity, its strengths and weaknesses in each negotiation, to design the best strategy in transactions.’

‘Gómez-Acebo & Pombo’s lawyers work tirelessly to respond to the client promptly. They are always concerned with providing a solution to the problem posed and not just limiting themselves to listing the risks. Technically the solutions are brilliant and adapted to the company’s market. I particularly highlight Álvaro Mateo.’

‘Very specialised and senior teams depending on the client’s needs.’

‘High professional competence accompanied by the human element always at the core. Professional ethics and vocation for service at its finest.’

Key clients

Siemens Gamesa

Miura Partners

Bonsai Partners

PAI Partners










Work highlights

  • Advised Orange Bank on the merger between Orange and MásMóvil Ibercom.
  • Advised Q-Energy on the sale to Verbund, an Austria-based energy company, of a 4,500-MW photovoltaic portfolio.
  • Advised Vista Equity Partners on the acquisition of Duck Creek Technologies for approximately €2.4bn.

Latham & Watkins LLP

Latham & Watkins LLP, which has recently made waves in the Spanish M&A market with the hiring of dealmaker Alejandro Ortiz from Linklaters in September 2022, is prepared to handle high-end M&A on behalf of household name clients from the worlds of telecoms, energy, healthcare, private equity and infrastructure, among other sectors. The team possesses a ‘practical and complete transactional vision‘ which is ‘complemented by a strong legal knowledge of commercial, corporate and M&A matters‘. The group is jointly led by María José Descalzo, a key contact for energy and infrastructure-related deals, and Ignacio Pallarés, who excels in cross-border divestitures and acquisitions involving public and private entities. Ignacio Gómez-Sancha is adept at assisting with M&A, capital markets, takeovers and restructuring matters, while Jose Antonio Sánchez Dafos stands out for his strong track record in PE and venture capital investments in Iberia.

Practice head(s):

María José Descalzo; Ignacio Pallarés

Other key lawyers:

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


‘Seamless interaction between offices and practice areas, wide range of specialty areas covered.’

‘A team with a very practical and complete transactional vision that is complemented by a strong legal knowledge of commercial, corporate and M&A matters. ’

‘Not only does their extensive legal knowledge and experience in the matter differentiate them, but their orientation towards achieving the best transactional negotiation makes them the perfect team for large-scale and complex deals. In addition, the team has a close relationship that creates a very good working environment with clients. Immediate availability, efficiency and quick response are other factors that make them stand out. I particularly recommend Ignacio Pallarés and María José Descalzo.’

‘All the lawyers we have spoken with were completely up to date not only with the legislation that applies to our sector and specific problems, but also with regard to the expected standards. The level of collaboration between lawyers from different geographical regions for international transactions is also incredible.’


International funds, financial investors and major listed companies routinely turn to Pérez-Llorca for advice on high-end public and private M&A transactions. The team, which often collaborates with the firm’s regulatory, competition, litigation and tax specialists, is also well placed to handle joint ventures, venture capital matters and minority investments. Rated for its ‘high technical level‘ and ‘commercial capacity in complex transactions‘, the group is overseen by Javier Carvajal, who brings over two decades’ experience advising Spanish and international clients from the financial services, industrial, energy and infrastructure sectors. Pablo González Mosqueira is noted for his proficiency in cross-border matters and deals involving listed companies, while Julio Lujambio handles a mix of M&A and PE matters. With offices in Barcelona, London, New York, Brussels and Singapore, the firm is also particularly well positioned to handle transactions with ties to Latin America; Iván Delgado takes the lead on this type of work. Managing partner Pedro Pérez-Llorca is also part of the core corporate and M&A practice, as is Carmen Reyna.

Practice head(s):

Javier Carvajal

Other key lawyers:

Pedro Pérez-Llorca; Pablo González Mosqueira; Iván Delgado; Julio Lujambio; Carmen Reyna


‘PLL’s commercial team is unique in the market. They have a very close, almost familiar way of integrating into teams. They are capable of offering simple and creative solutions to the most complex problems.’

‘Their involvement in matters, their technical capabilities and their closeness to the client. They have inexhaustible professionals. Pablo González Mosqueira is an extraordinary partner, with unusual technical and work capabilities.’

‘Our reference partner in the Pérez-Llorca commercial team, Javier Carvajal, is a magnificent lawyer, focused on achieving reasonable agreements and with a very solid legal basis.’

‘Javier Carvajal has in-depth knowledge of the subject, total availability for clients and practical approach in documents and negotiations.’

‘The team is very precise, fast, practical and capable of reaching commercial solutions balancing the risks together with the client. It gives me great peace of mind to know that they are with me in the negotiation and review of contracts. I would highlight the high technical level and the commercial capacity in complex transactions to find solutions.’

Key clients


The Carlyle Group



Media For Europe

Credit Mutuel



Royal Caribbean

Oakley Capital

Work highlights

  • Advised Edizione Group and Blackstone Group on all Spanish legal aspects of the acquisition of Atlantia and, indirectly, of the Spanish company Abertis.
  • Advised Reichmuth & Co. and Amundi Energy Transition on its investment, alongside Alantra, in a special purpose holding company called N-Sun Energy for the acquisition, in different batches, of a group of companies from Solarig Global services, which in turn own a diversified portfolio of several photovoltaic plants in Italy and Spain with an aggregate estimated capacity of 1.9 GWs.

Ashurst LLP

The ‘proactive‘ corporate and M&A team at Ashurst LLP offers legal support to domestic and international companies, investors, financial institutions and PE funds in M&A, joint ventures, corporate restructurings and general corporate law issues. Steered by María José Menéndez, the team is particularly rated for its transactional capabilities in the energy, insurance and financial services sectors. Global co-head of the corporate group and managing partner of the Madrid office Jorge Vázquez is well versed in cross-border M&A, restructurings and distressed deals. Industrial and real estate clients regularly retain Pedro Ester in M&A and PE transactions, while Andrés Alfonso is the name to note for energy-related mandates.

Practice head(s):

María José Menéndez

Other key lawyers:

Jorge Vázquez; Pedro Ester; Andrés Alfonso; Tannia Rodríguez


‘Very client-oriented; good understanding of the sector.’

‘Business-oriented, practical, fast, exquisite in their advice. One of the best teams I have worked with.’

‘A really proactive team who thinks ahead in the transaction and is thus prepared and ready to act. Very friendly team who take you through every step of the transaction providing clear explanations and outlining potential concerns and risks.’

Key clients

Cerberus Capital Management

N-Sun Energy S.L. (Alantra Solar, Amundi, Reichmuth)

Mediterráneo Vida, S.A.U. de Seguros y Reaseguros

Babcock International Group plc

Alantra Private Equity

DWS Alternatives GmbH




BCN Monetize

BMS Group

Work highlights

  • Advised Cerberus on the sale by Haya Holdco 2 Plc of 100% of the share capital of Haya Real Estate S.A.U. to Intrum.
  • Advised N-Sun Energy on the gradual acquisition of a portfolio of solar PV projects located in Spain and Italy from Solarig with a total capacity of up to 1.9 GW.
  • Assisted Mediterráneo Vida in the acquisition of the Spanish subsidiary of CNP Assurances.

Baker McKenzie

Noted for its ‘skill in the negotiation of all contracts‘, the corporate and M&A practice at Baker McKenzie is particularly well versed in transactions involving the healthcare, pharmaceuticals, education and energy sectors. Spanish and international clients regularly turn to Javier Menor for assistance in M&A, strategic alliances and PE matters; he oversees the department from Barcelona with Madrid-based Luis Casals, who is highly regarded for ‘his extensive knowledge of corporate and M&A‘ mandates, including cross-border deals. Also in Madrid, Maite Diez stands out for her strong track record in matters involving the telecoms and IT industries, while Jorge Adell is a contact in Barcelona for business transactions, including real estate-related deals. Fernando Torrente, a seasoned M&A, capital markets and corporate governance specialist, joined from A&O Shearman in July 2023.

Practice head(s):

Luis Casals; Javier Menor

Other key lawyers:

Enrique Carretero; Jorge Adell; Fernando Torrente; Maite Diez; Cristina Rios


‘From the beginning, Baker McKenzie has given us complete support, understanding very well the needs of the client but also the needs and situation of the market in general.’

‘We found the team of lawyers assigned to our project very professional and dedicated. We were calm the entire time due to their total availability and skill in the negotiation of all contracts. ’

‘We highlight the firm’s extensive knowledge in different legal matters and the lawyers’ negotiation skills with a commercial profile that is not found in all international firms.’

Key clients

Acciona Energía


Advent International Corporation

Bluegem Capital Markets

Clarios Germany GmbH & Co. KGaA



E-Doctores Soluciones

Enagás and Fluxys


Grupo Navarro

Healthcare Activos Yield



Inspired Education Group

Insud Pharma


Minoryx Therapeutics


Reig Capital


Zpg Comparison Services Holdings UK and Rvu Group

Work highlights

  • Advised Iberdrola on its €1.2bn alliance with Norway’s sovereign wealth fund, managed by Norges Bank Investment Management, to invest in new renewable energy projects in Spain with an aggregate capacity of 1,265 MW.
  • Advised Insud Pharma on the €1bn sale of a majority stake in its biosimilar products division MabXience to Fresenius Kabi.
  • Advised Iberostar on a long-term hotel joint venture agreement with the IHG hotel group for the integration of the 70+ all-inclusive hotels within the sale and marketing structure of IHG, without an actual sale of shares or assets.

CMS Albiñana y Suárez de Lezo

Home to a sizeable corporate and M&A group split between Madrid and Barcelona, CMS Albiñana y Suárez de Lezo is a popular destination for blue-chip companies, private equity houses, investment funds, and startups operating in an array of sectors, most notably telecoms, consumer goods, life sciences, real estate and energy. The latter is a key area of strength for the group, which is particularly well positioned to handle M&A involving renewable energy assets. Practice co-head José María Rojí, a seasoned M&A practitioner, sits in the Barcelona office. Key individuals to note in Madrid include: managing partner César Albiñana; Rafael Suárez de Lezo, who maintains a broad practice covering M&A, securities, finance and competition; Luis Miguel de Dios, who heads up the firm’s German desk in Spain; and Ignacio Cerrato, who handles a mix of domestic and cross-border transactions, commercial agreements and contractual matters.

Practice head(s):

Jose María Rojí; César Albiñana

Other key lawyers:

Rafael Suárez de Lezo; Luis Miguel de Dios; Ignacio Zarzalejos; Elena Aguilar; Ignacio Cerrato; Elena Alcázar; Irene Miró


‘Irene Miró is responsive, hands-on, engaged.’

‘Young team with a good level of experience and client empathy.’

‘Important human treatment in the provision of the services. Elena Aguilar stands out.’

Key clients

Boluda Corporación Marítima and Boluda Towage

Boluda Shipping

BlueGem Capital

Siemens Gamesa

Siemens Energy




Omnes Education

United Robotics Group

Grupo Watio


Atlas Copco

Work highlights

  • Advised Avatel on the potential acquisition of Lyntia Access from Antin Infrastructure Partners.
  • Advised Siemens Gamesa on the €613m sale of a major portfolio of wind farms under development located in Spain, France, Italy, and Greece with a total capacity of 3.8 GW.
  • 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 1.1 million Spanish households.

DLA Piper

Led by Jose Maria Gil-Robles, DLA Piper‘s corporate and M&A practice in Spain is adept at handling both domestic and cross-border transactions, benefitting from the firm’s extensive international network. Gil-Robles is especially active in distressed deals and portfolio transactions. Joaquín Echánove is singled out for his strong track record in multijurisdictional transactions, while Enrique Chamorro, a key contact for education, healthcare, technology and real estate clients, is a name to note for matters with ties to Latin America. Energy and infrastructure-related mandates, as well as venture capital and PE investments are core areas of focus for Marta Vizcaíno.

Practice head(s):

José María Gil-Robles

Other key lawyers:

Joaquín Echánove; Enrique Chamorro; Marta Vizcaíno


‘I would highlight the quality of the work, the knowledge the lawyers have, and their availability. Excellent people.’

‘Human quality combined with excellent delivery. Special mention to Joaquín Echanove.’

‘José Maria Gil-Robles and Héctor Gómez Ferrero stand out.’

Key clients


International Flavors & Fragances (IFF)

Intercept Pharmaceuticals

Prim Group

SD Worx

Advent International

Macquarie Asset Management


Lenus Capital Partners


Work highlights

  • Advising Shell on the acquisition of a 2 GW solar portfolio through the execution of one or several call options over the shares of the companies owning the solar projects.
  • Advising Macquarie Asset Management on the acquisition of 50% of Quiport (Ecuador) and Opain (Colombia) from Grupo Odinsa.
  • Advising International Flavors & Fragrances on the sale of its microbial control business unit to Lanxess.

Herbert Smith Freehills LLP

Herbert Smith Freehills LLP fields an ‘exemplary‘ corporate and M&A group that is skilled in the gamut of transactional, commercial and corporate governance matters. Clients operating in a range of industries, such as TMT, energy, pharmaceuticals, real estate, and consumer goods, routinely seek the team’s advice on public and private M&A, corporate restructuring and joint ventures. Following the departure of former practice head Pablo García-Nieto in May 2023, the department is now led by Alberto Frasquet, a name to note for investment banks, private equity firms, and Spanish and international corporations. Senior partner Nicolás Martín is devoted to M&A, tax and PE matters.

Practice head(s):

Alberto Frasquet

Other key lawyers:

Nicolás Martín; Marcos Fernández-Rico; Amparo de Leyva


‘They are an exemplary team, always available, and with a very commercial mentality that always tends to solve problems.’

‘They are involved in the project from the beginning regardless of the size of the transaction or the client. At the senior level, the team has those who for us are the best professionals in their practice.’

‘Alberto Frasquet is a tireless lawyer and has experience that is difficult to find in other firms.’

Key clients

Magnum Industrial Partners

Abac Capital

Peninsula Capital

Engie/Credit Agricole Assurances


H.I.G Industrial Partners

Altano Energy


DIA – Distribuidora Internacional de Alimentación

Energy Infrastructure Partners

RPC – Renewable Power Capital

GPA Global

Lyntia Networks

PAI Partners

The Carlyle Group

Pamplona Capital

Work highlights

  • Advised Magnum Industrial Partners on the acquisition of a majority stake in Grupo Fernando Corral Salamanca, a Spanish manufacturer of meat-based products.
  • Advised Peninsula Capital on the acquisition of a majority stake in Dorsia from Capza and Nexxus Iberia.
  • Advised 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.

Hogan Lovells International LLP

Hogan Lovells International LLP‘s Madrid-based corporate and M&A team is singled out for its proficiency in transactions involving the infrastructure and mobility sectors, but is also equally adept at acting for clients operating in the TMT, life sciences, financial services, insurance, real estate and energy spaces. Drawing on the firm’s wider international presence, the team is often engaged in cross-border deals, showcasing particular strength in matters concerning Latin America. At the helm of the practice, Alex Dolmans assists international companies in M&A, joint ventures, and commercial agreements. M&A involving regulated sectors and corporate governance are core areas of activity for Lucas Osorio, while Eduardo Pérez is a reference for industrial, energy and defence clients.

Practice head(s):

Alex Dolmans

Other key lawyers:

José María Balañá; Graciela Llaneza; Lucas Osorio; Eduardo Pérez; Enrique de Pablos


‘We collaborate on a recurring basis with the team of Lucas Osorio. We value their quality in legal advice in the context of complex corporate transactions in the field of energy.’

Watson Farley & Williams LLP

Singled out for its ‘in-depth knowledge of the Spanish renewable energy market‘, Watson Farley & Williams LLP is routinely engaged by corporations, financial institutions, industrial clients and investment funds in a variety of M&A work in this space. Typical mandates for the group range from share and asset deals, including portfolio transactions, to disposals, joint ventures and corporate restructuring. María Pilar García Guijarro, who spearheads the corporate and M&A department, specialises in energy-related M&A and PE deals, with a special focus on the renewables segment. Ana Lorenzo is also part of the core team, advising energy and infrastructure clients on the entire spectrum of corporate and M&A mandates.

Practice head(s):

María Pilar García Guijarro

Other key lawyers:

Ana Lorenzo; Javier Ester; Gonzalo Aranzabal


What makes this practice exceptional is its ability to offer ongoing assistance in resolving queries related to the interpretation and compliance of framework agreements, sales and purchase agreements and development agreements, as well as any other query related to the transaction, whether of a commercial, administrative, tax or commercial nature. The firm has extensive experience in photovoltaic contracts, which allows us to receive precise and effective guidance. They stand out for their ability to address complex issues and offer practical solutions in real-time.’

‘This firm has in-depth knowledge of the Spanish renewable energy market. The team focuses on achieving excellence in its service. They carefully select the best lawyers and encourage their training and continuous development.’

‘ What distinguishes the firm’s lawyers is their unique combination of proximity, speed and deep knowledge of renewables. It stands out for its ability to offer alternatives and always being available to satisfy our needs as a client. In particular, Héctor Suarez Martin stands out as an outstanding associate. Their experience and skills are an invaluable asset that allows them to provide high-level advice in the energy sector. Outstanding qualities of the firm’s lawyers include a client-focused approach, quick response, deep knowledge of renewable energy, and Hector’s experience, which sets them apart from the competition. ’

Key clients

Northleaf Capital

Foresight Group

Axpo Services AG


Green Arrow Capital

Encavis AG



Ventient Energy


Work highlights

  • Advising Northleaf Capital Partners (Canada) Ltd on the sale of a significant stake in the Holdco company NCP Mula Solar Spain SL to Q-Energy.
  • Advising Foresight Group on its sale of a portfolio comprising 12 operational solar PV plants in Spain and Portugal with a total installed capacity of 54.5 MWp to Infranity .
  • Advising Green Arrow Capital SGR on the acquisition of a portfolio of solar PV projects under development in Spain with an overall expected capacity of 508 MW from Progressum Energy Development, through its subsidiary Green Arrow Infrastructure of the Future Fund.

White & Case LLP

With extensive experience in ‘all areas of corporate and commercial law, including M&A and commercial contracts‘, White & Case LLP acts for a diverse client roster of private equity houses, financial institutions, and industrial players in multijurisdictional transactions across the worlds of energy, TMT, infrastructure and healthcare (among others). The practice experienced considerable growth in  headcount over the past year: Javier Monzón and Álvaro Manzanos joined from Freshfields Bruckhaus Deringer in June 2022 bringing a wealth of experience in M&A in the healthcare, private equity and real estate sectors, while former Herbert Smith Freehills LLP partners Ignacio Paz and Pablo García-Nieto arrived in July 2023, strengthening the firm’s capabilities in energy and infrastructure-related deals. Leading the team is Juan Manuel de Remedios, who focuses on corporate law and capital markets offerings. Widely recommended by clients, Yoko Takagi ‘operates at the forefront of colossal investments, divestments, and complex transactions involving listed companies‘.

Practice head(s):

Juan Manuel de Remedios

Other key lawyers:

Javier Monzón; Yoko Takagi; Álvaro Manzanos; Ignacio Paz; Pablo García-Nieto


‘Ignacio Paz: knowledge of the energy sector and its regulations, aware of the latest developments and trends. Great commercial vision and constructive approach in negotiations.’

‘Yoko Takagi operates at the forefront of colossal investments, divestments, and complex transactions involving listed companies.’

‘The team led by partner Yoko Takagi is outstanding, her team is very cohesive and they create a great relationship with the client. They get fully involved, following the partner’s example. Yoko addresses both the business team’s commercial needs and legal concerns.’

‘Yoko Takagi is a brilliant lawyer, exceptionally intelligent, and at the same time extraordinarily commercial and approachable. Her ability to synthesise and explain complex situations and their impact on the business, to negotiate and deal with all aspects of the transaction, and her very high legal technical skills provide peace of mind to the client.’

‘The White & Case corporate team is made up of a group of great professionals, with great work capacity and technical knowledge.’

‘The firm covers all areas of corporate and commercial law, including M&A and commercial contracts. Lawyers have extensive experience in dealing with tech companies and funds.’

‘White & Case’s commercial and M&A partners demonstrate solid knowledge and, above all, creativity to understand the complexities of a transaction and provide the best technical and business solution. In the various situations that we have found ourselves in, I have always considered the partners as an integral and internal part of the team.’

‘Yoko Takagi is a strategic thinker. She takes very complex issues and distils them down. Pragmatic and has a calming influence on the team, board of directors and counterparties. A strong ally and thoughtful advocate. She is just amazing.’

Key clients

Morgan Stanley Infrastructure Partners


Waterland Private Equity

MEDIAN Unternehmensgruppe

Naviera Bandama

Tikers Content Factory S.L.

Blantyre Capital


Lenders to Apollo

Axa – Swiss Life

Global Technical Realty


Serena Industrial Partners

Biosynex, S.A.

Work highlights

  • Advising Morgan Stanley Infrastructure Partners (MSIP) on the acquisition of 100% of the shares in Valoriza Servicios Medioambientales, S.A. (Valoriza) from Spanish construction group Sacyr S.A. (Sacyr) for a total consideration (enterprise value, including debt) of €734m.
  • Acted for Naviera Bandama and the Armas family, the majority shareholders of Naviera Bandama, in the context of a corporate restructuring transaction relating to NAT.
  • Assisted Abu Dhabi Future Energy Company (Masdar) in the formation of a joint venture with Iberdrola to jointly develop and operate project “Baltic Eagle”, a 476 MW offshore wind farm located in the German Baltic Sea near the island of Rügen.

Addleshaw Goddard

A go-to destination for listed companies and private equity funds, Addleshaw Goddard’s primary focus is energy-related M&A. In addition, the team is skilled at advising domestic and international players in buy-side and sell-side mandates across the retail, industrial, infrastructure and technology sectors. Department leader Roberto Pomares enjoys a strong reputation in the energy and private equity spaces; he excels in disposals, corporate restructurings, and PE investments at domestic and international levels. Also part of the core team, Pablo Díaz advises on the entire spectrum of corporate and M&A mandates. Senior associate Gonzalo Fernández stands out for his involvement in high-end M&A mandates in the energy and PE segments. Victoria Ruenes is another name to note.

Practice head(s):

Roberto Pomares

Other key lawyers:

Pablo Díaz; Germán Cabrera; Gonzalo Fernández; Victoria Ruenes


‘Closeness to the client; a lot of experience; knowledge of the sector; always available.’

‘Great availability. Roberto Pomares is recommended.’

‘Highly reactive and knowledgeable team with a good network. ’

Key clients

GreenVolt Energías Renováveis

Rich Audience

Gestión Remota

Afterpay Limited

Alantra Solar

Mill Reef Capital


GreenE Enterprise

EDP Renováveis

EDP Energías de Portugal


GED Capital

Headway Capital


Valencia Club de Fútbol

Seaya Ventures

Nadisla Investments

Iberian Sports Retail Group

Moira Capital Partners


Inmobiopres Holding

Axis Participaciones Empresariales


Aurelius Group

EDP Ventures

Suma Capital

Cubiq Food


Work highlights

  • Advised EDP Energías de Portugal and EDP Renováveis on the €2bn share capital increase subscribed through accelerated book building offering processes.
  • Advised Alantra Solar on the launch of N-Sun Energy, its new €1.7 bn cross-border investment platform for solar PV projects in Southern Europe.
  • Advised  Portuguese group Sonae on the sale of its stake of Iberian Sports Retail Group to JD Sports Fashion.


Andersen houses an ‘extremely dynamic, proactive and professional‘ team, which has recently experienced substantial growth across multiple of its offices in the country. Major to medium-sized corporates and private equity firms regularly seek its assistance in buy and sell-side M&A mandates as well as corporate reorganisations in a multitude of sectors, including energy, healthcare, real estate and agribusiness. Based in Valencia, Ignacio Aparicio oversees business transactions in Iberia and also leads the Cuban desk. Javier Bustillo Guzmán is a key name for venture capital funds, investors and entrepeneurs, while the ‘technically brilliantJaime Aguilar Mulet focuses on matters involving listed companies.

Practice head(s):

Ignacio Aparicio

Other key lawyers:

Javier Bustillo Guzmán; Jaime Aguilar Mulet; José Trujillo


‘Committed team and always attentive; proximity to clients; experienced lawyers.’

‘They are constructive and focused on finding the best solution for the client.’

‘Dedication and alignment with the client’s interests. Constant concern and extreme diligence in managing matters.’

‘In my opinion, it is the best law firm I have ever worked with. The great involvement of the partners, the commitment of the entire team to the client, the ability to find the best solutions and the deep knowledge of the sector, make Andersen my first choice in each deal. The ability to act internationally with an integrated team, at least in the energy area, is fundamental for every project in which we have been involved.’

‘My reference is Ignacio Aparicio and my confidence in his judgment is total due to his ability to act quickly in highly complex situations, the search for effective solutions and his ability to anticipate problems. He knows how to lead a negotiation and achieve the best results even in situations where the transaction is blocked.’

‘Jaime Aguilar Mulet is a technically brilliant lawyer, with great commercial capacity, adaptation to situations and high availability.’

‘The M&A practice is extremely dynamic, proactive and professional. International support for cross-border projects is essential and provides a lot of added value.’

‘In my experience, partner Ignacio Aparicio, Andersen’s European and global M&A coordinator, is a fundamental asset in the deals we have carried out with the firm, since he has an accredited practice in managing the different teams in the different jurisdictions and a vision of the strategic transaction that undoubtedly gives added value.’

Key clients

Aena Desarrollo Internacional SME, S.A.

Mondo Tv Studios S.A.

Imperial Brands

37 America’s Cup

Squirrel Media

MFI, Medical Fomento Industrial

Kone Elevadores

Institut Marqués de Obstetricia y Ginecología

T3N Sport & Investment (T3N)

Work highlights

  • Providing corporate, commercial and sponsorship advice on the 37th edition of the America’s Cup to be held in Barcelona in 2024.
  • Advised T3N on the development of sports and educational complexes in Spain and abroad.
  • Advised Reig Capital Group on the sale of the Mandarin Oriental hotel in Barcelona to The Olayan Group.

Araoz & Rueda

Noted for being ‘reactive, pragmatic and solutions-driven‘, Araoz & Rueda manages a busy transactional workload where M&A features alongside PE deals, joint ventures and contractual matters. Its broad service offering is matched by an equally varied client base; companies from the healthcare, pharmaceuticals, infrastructure, media and transport sectors frequently retain the team in an array of corporate and M&A matters. The practice is jointly led by founding partner Pedro Rueda, who is active in buy and sell-side M&A, and the all-rounder Alejandro Fernández de Araoz.

Practice head(s):

Pedro Rueda; Alejandro Fernández de Araoz

Other key lawyers:

Laura Vintanel; María Nieto; Lucía Medina


‘Multidisciplinary teams prepared to answer all types of questions.’

‘Closeness, flexibility and high reaction capacity.’

‘Great knowledge of the subject.’

‘Close, committed and very practical team.’

‘They are very reactive, pragmatic and solutions-driven.’

‘I have worked with Laura Vintanel and Maria Nieto. Laura is very business-oriented, always trying to understand clients’ needs. Maria is very organised, efficient and reactive.’

‘The entire team around Alejandro Fernandez de Araoz is absolutely unique. All lawyers are extremely well-trained and helpful. The processes are well structured and I have never worked with a firm that gave faster feedback than Araoz. All lawyers know at least a little German, some even fluently. An absolutely recommendable law firm.’

‘The team is exceptionally experienced, commercial and a pleasure to work with. They are proactive, sensible and very competent in advising clients on negotiations. Unlike other larger firms, they are very down to earth and get things done. I would definitely hire them again on any commercial and M&A project in Spain.’

Key clients

Multiscan Technologies

Stemar Capital Partners

Tight Co.

Cargo Group

Creara Consultores

EF Solare Italy

Sopra Steria Group

Beka Finance

Exclusivas JJL

Rimon Group

Work highlights

  • Advised the listed Israeli company Rimon Group on the acquisition of the company Europea de Hincas Teledirigidas, S.A.U. from the Terratest Group.
  • Advised Tight Co., holding company of Indiba, on the acquisition of the Italian company Eltech K-Laser.
  • Assisted the shareholders of Multiscan Technologies in the sale of 100% of the company to Duravant.

Deloitte Legal

Commended for its ‘knowledge of the market‘ and ‘technical quality‘, Deloitte Legal’s sizeable corporate and M&A department is a go-to destination for buyers and sellers seeking assistance in domestic and cross-border transactions involving both private and listed companies. Leading the department is Barcelona-based Ignacio Sanjurjo, who focuses on M&A, corporate governance, commercial agreements and reorganisations, demonstrating notable skills in the real estate and private equity sectors, while Guillermo Donadeu is particularly active in the insurance space.

Practice head(s):

Ignacio Sanjurjo

Other key lawyers:

Sharon Izaguirre; Cloe Barnills; Agustín del Río; Carmen Muelas; Guillermo Donadeu


‘Strengths: Great flexibility and creativity in structuring and executing deals. Excellent coordination with other non-legal advisors involved in the transaction.’

‘Availability of senior lawyers and partners at critical moments of the transaction. Great creativity and commercial vision to manage the deal moving forward.’

‘Carmen Muelas: absolute professionalism and closeness. Very deep knowledge of my industry and contribution of practical and innovative ideas in corporate deals.’

‘Closeness to the client and understanding of needs. Carmen Muelas does exceptional work and understands our needs.’

‘The team is dynamic, coordinated, quick to react and well versed in procedures and laws. They have a wide network and good relationships with their offices in other countries, which facilitates the exchange of information and adequate response to doubts or questions.’

‘Chloe Barnils is a proven professional, with extensive vision and experience. She knows how to be at the client’s level and delve into their needs, being decisive.’

‘I think their availability, real experience in particular from having been in-house lawyers for relevant companies and their excellent knowledge makes the firm stand out.’

‘Knowledge of the market; technical quality; the efficiency and effectiveness of the deliverable; and the knowledge and diversity of its professionals.’

Key clients

Binter Canarias, S.A.

Hispasat, S.A.

Global Dairy Ventures, S.L. (ABAC CAP.)

Biovert, S.L.

Talde Gestión S.G.E.I.C., S.A.

Amplifon Ibérica, S.A.U.

Atresmedia Corporación de Medios de Comunicación, S.A.

GP Límite Andamur, S.L.

Waterland Private Equity

Work highlights

  • Advised the airline Binter Canarias on the purchase of five newly manufactured 72-600 model aircrafts from the European aircraft manufacturer ATR.
  • Assisted Hispasat in the acquisition of the Assess Networks group.
  • Advised Global Dairy Ventures on the acquisition of the share capita of Iber Conseil and indirectly of Unión Quesera Europea.


Covering the entire scope of M&A and corporate work, Dentons is well placed to act for a diversity of clients, ranging from public listed companies, to middle-market players and private equity funds. The department operates across a wide spectrum of industries, most notably energy, life sciences and technology. Focused on the structuring of funds, M&A, buy-outs and divestments, Jesús Durán spearheads the department. With extensive experience in both domestic and cross-border transactions, Israel de Diego is active in M&A and corporate restructurings, while Nieves Briz regularly advises on corporate, commercial and contractual matters.

Practice head(s):

Jesús Durán

Other key lawyers:

Israel de Diego; Nieves Briz; Natalia Ontiveros; Vicente Paramio


‘Dentons provides comprehensive legal advice. The dedication of its teams to create their own advisory solutions makes it stand.’

‘Israel de Diego stands out for his total dedication to ensuring that a deal is closed satisfactorily. In addition to being the lawyer with the greatest technical knowledge in his practice, he stands out for his client service and dedication while the deal is being executed.’

Key clients


Affidea Group B.V

Platinum Equity Advisors

Adepa Global Services

Eicher Motors Limited

CEI (Eskool Estudio Creativo)

Ktesios Real Estate Socimi, S.A. (listed on the Spanish stock exchange – BME Growth)


Work highlights

  • Advised Sareb on the competitive auction process for the appointment of one or more service providers to manage, market and maintain its €30bn portfolio of more than 100,000 financial and real estate assets.
  • Assisted private investment firm B-Flexion and Affidea Group in the sale of the group to Belgian investment firm Groupe Bruxelles Lambert (GBL).
  • Advised Platinum Equity Advisors 0n its acquisition of Calderys, a company that is part of Imerys SA’s High Temperature Solutions (HTS) business.


Split between Madrid and Barcelona, DWF-RCD stands out for its strength in transactions involving the IT, telecoms, biotech and pharmaceutical industries. Handling matters at both domestic and international level, the firm is a go-to choice for venture capital funding rounds, mid-market corporate transactions and PE investments. The department is under the leadership of a seasoned duo: Adolf Rousaud has over two decades’ experience in corporate law, predominantly advising pharmaceutical, energy and automotive clients on commercial agreements, while Ignasi Costas focuses on cross-border mandates involving start-ups and VC funds.

Practice head(s):

Adolf Rousaud; Ignasi Costas

Other key lawyers:

Iñigo Montesino-Espartero; Ignacio Aragón

Eversheds Sutherland

Able to draw on a wide international network of offices, Eversheds Sutherland is best known for its strong track record in mid-market M&A with multijurisdictional implications. The firm continues to expand its client roster, which features several well-known names from the energy, logistics, automotive, IT and financial services sectors. With a wealth of experience in M&A of all sizes, Juan Díaz Hidalgo is also skilled in restructurings and distressed deals. He oversees the practice with Carlos Pemán, who focuses on energy-related transactions, and Ignacio Balañá, who handles a mix of M&A, joint ventures, corporate reorganisations and carve-outs. Counsel Diego Cruz-Villalón often advises domestic and foreign clients on commercial and contractual issues.

Practice head(s):

Juan Díaz Hidalgo; Carlos Pemán; Ignacio Balañá

Other key lawyers:

David Williams; Sixto de la Calle; María Ramalle; Enrique Richard; María Isabel González; Diego Cruz-Villalón


‘The M&A team is organised and decisive. It is one of the best M&A teams that I have worked with in Spain. Good organisational capacity for the milestones that a complex process of due diligence, drafting of SPA, and other formal aspects may require.’

‘Availability, initiative and client service; at no time does the client have the feeling of losing control of the transaction. We feel highly secure working with them.’

‘The international network and their technical knowledge make them perfect to advise us anywhere in the world.’

‘Eversheds has a high specialisation and geographic presence. Collaboration and coordination between practices and different geographies is agile and efficient. ’

‘High specialisation and effectiveness in the coordination of transnational teams. Diego Cruz-Villalón is recommended.’

‘They stand out for their deep knowledge of the industry, honesty, professional excellence, closeness and strategic vision.’

‘David Williams has unique knowledge of English and Spanish legal systems.’ 

‘Maria Ramalle is a bright and articulate lawyer with great commercial awareness.’

Key clients


Nats (Services) Limited



Advantage Smollan

Artá Capital

Goal Systems




T.Y. Lin International China Limited

SYSTRA SA Société Anonyme à conseil de surveillance et directoire

SHELL Group (f.k.a. Royal Dutch Shell)

EthiFinance SAS (f.k.a. Qivalio SAS)

EY Abogados

EY Abogados fields an ‘interdisciplinary team that is highly efficient in managing M&A transactions‘, standing out for its strong track record in the energy space. Listed and closely-held businesses, private equity houses and debt funds routinely engage the group, which is also active in the healthcare and education sectors. Widely recommended by clients, co-head Susana Gómez Badiola is counsel of choice for TMT and energy companies. Fellow co-leader Francisco Silván handles large transactions, restructurings and joint ventures for private equity and industrial clients.

Practice head(s):

Susana Gómez Badiola; Francisco Silván

Other key lawyers:

Rosa Cañas Lorenzo; Carmen Esteban García-Bernalt


‘Maximum collaboration with the client, flexibility in approaches with the client and the counterparty, legal knowledge, and adaptability.’

‘Excellent legal professionals that efficiently apply their knowledge to advise the client on the best legal solution.’

‘EY has an interdisciplinary team that is highly efficient in managing M&A transactions in the energy field. Interaction with any of the areas concerned is simple to the extent that the responsible partner encourages such dialogues.’

Key clients





Finligh Corporate (Powen)

Baywa R.E. España (Baywa)

Umbrella Capital Investments

Lightsource Bp


Integrated Service Solutions Global Forwarding Spain

Aplifisa Global



AGR Biogas

Swing Biomethane

Ggtech Entertainment

Work highlights

  • Advised Umbrella Solar Investment on the sale to the French fund RGREEN of a minor stake in Infinity Solar Investment.
  • Assisted the shareholders of Aplifisa Global, S.L. in the sale of three Spanish companies, subsidiaries of Aplifisa Global, S.L.: Aplifisa, S.L.U.; Ticcyl Digital, S.L.U.; and Marclamara, S.L.
  • Advised Lightsource BP on the sale of Lightsource Renewable Energy Cariñera to Capital Dynamics.

Jones Day

‘Always focused on finding practical solutions’, Jones Day oversees a diversity of M&A – including mid-cap and large-scale deals – for sellers, buyers, investors and financial advisors. The department, which showcases particular strength in the real estate, infrastructure, energy, industrial and technology sectors, is also well versed in corporate governance issues, distressed deals and business restructurings. Miguel Bermúdez de Castro ‘is singled out for his great technical skills‘ in the context of M&A, PE deals and corporate restructurings. Blanca Puyol is a reference for cross-border transactions.

Practice head(s):

Miguel Bermudez de Castro

Other key lawyers:

Blanca Puyol; Priscilla Rojas; Carolina Naranjo


‘Miguel Bermudez de Castro and Blanca Puyol stand out.’

‘They are always willing to help with any obstacle encountered along the way with proactivity and without the need to push them.’

‘Great ability to relate in a cordial and constructive way with any profile of the counterpart. Miguel Bermúdez De Castro stands out.’

‘Always focused on finding practical solutions.’

‘Miguel Bermúdez de Castro is singled out for his great technical skills and availability. ’

‘Jones Day always stands out for its quality of lawyers, speed and quality in service that is difficult to beat.’

Key clients


Web Financial Group

EagleTree Capital

The Timken Company

Ahlstrom Capital B.V.


FleetCor Technologies, Inc.

Alantra Capital

Renewable Energy Holdings

J.M. Huber Corporation

Geely Holding Group

Work highlights

  • Advised Orange on the combination of its telecom business in Spain with Masmovil.
  • Advising Geely Holding Group (Geely Holding) and Geely Automobile Holdings Limited (Geely Auto HK.0175) on the creation of a 50/50 joint venture with Renault Group.

Pinsent Masons LLP

Demonstrating notable strength in PE transactions, Pinsent Masons LLP‘s Madrid-based team is well versed in domestic and cross-border mandates, benefitting from the firm’s vast international presence. The group manages a busy transactional workload which features M&A of all sizes, joint ventures, corporate and commercial agreements. Leading the department is Antonio Sánchez Montero, who acts for private equity funds and industrial clients operating in a variety of industries, from healthcare to technology. Francisco Aldavero, who joined from EY Abogados in September 2022, brings a wealth of experience in M&A, disposals, joint ventures and LBOs.

Practice head(s):

Antonio Sánchez Montero

Other key lawyers:

Diego Lozano; Inmaculada Castelló; Francisco Aldavero; Sergio Redondo


‘Very pragmatic approach and prompt advice. Francisco Aldavero and his team are excellent.’

Key clients


Intermediate Capital Group (ICG)

DUET Acquisition Corp

Quaero Capital

Fielmann AG

Nexxus Iberia SGEIC SA


L&G NTR Clean Power (Europe) Fund

Atrys Health



Grupo MYA

Hospitales Parque (Grupo CASER hospitals and medical centres)

Aldebarán Riesgo (backed and controlled by Grupo CASER)

Aire Networks del Mediterráneo

Asteria Group


aClinicas Avetmas

Work highlights

  • Advised INDITEX on the sale of its business in the Russian Federation to Daher group.
  • Assisted ICG Europe Fund VII on the transfer of one of its portfolio companies, Konecta.
  • Advised, together with Nelson Mullins Riley & Scarborough LLP, DUET Acquisition Corp on theclosing of a business combination agreement that will result in AnyTech365 becoming a publicly traded company.

Ramón y Cajal Abogados

Ramón y Cajal Abogados is equipped to support clients – chiefly companies operating in regulated sectors and financial institutions – in the full spectrum of M&A matters, excelling particularly in the middle market. Singled out for his significant experience in deals involving listed securities, Miguel García Stuyck jointly heads up the department with Álvaro Bertrán, an ‘excellent professional‘ recommended for M&A and equity investments in the industrial and renewables segments.

Practice head(s):

Miguel García Stuyck; Álvaro Bertrán

Other key lawyers:

Antonio de Mariano; Alfonso Cárcamo; Cristina Vidal; Javier Beltrán


‘They offer personalised treatment adapted to the client’s needs, which makes them stand out from other firms with more generic legal advice procedures.’

‘They have a high analytical and error detection capacity, which makes them greatly optimise response times compared to the competition. They have a high degree of experience in the sector.’

In this firm, you come into contact with the person who is going to carry out the services and they remain by your side until the end.’

‘Alvaro Bertrán is an excellent professional who provides support and creative solutions, especially in complex contractual issues.’

‘Antonio de Mariano and Javier Beltrán are excellent professionals with a commitment to the client, a taste for details and creative mindsets when it comes to finding solutions.’

‘We would like to highlight the specialisation and experience that Ramón y Cajal offers in fields such as corporate law, intellectual property, and litigation. Furthermore, the team’s ability to collaborate both within the firm and with other professionals and networks of contacts is a differentiating factor that makes them unique.’

‘They have an exceptional legal team that stands out for its focus on client service and ability to understand the needs and objectives of its clients. Special mention for Alvaro with whom we have worked very comfortably to close an important M&A transaction.’

‘Very prepared and responsible team.’

Key clients

Fondo de Apoyo a la Solvencia de Empresas (FASEE)


Benditas Drinks

Arena Green Power

Aurica Capital

Q Energy

Alacer Mas

Industrias Cárnicas Tello

DBR Group

Work highlights

  • Advising Arena Power on the sale of 100% of the shares of the SPVs owing a total of 40 PV projects, which amount to a total of 268MW.
  • Advising Solaer’s former shareholders on the sale of 100% of the shares of Solaer Group to Solarpack.
  • Assisting Alacer Mas in the sale and purchase of 100% of the share capital of Alacer Mas and 100% of the share capital of Montajes Técnicos de Inoxidable.

Bird & Bird

Demonstrating particular strength in the technology space, Bird & Bird is well versed in M&A, spin-offs, joint ventures and corporate restructurings. The firm attracts engagements from a variety of multinationals, institutional investors, emerging growth companies and entrepreneurs, and is a popular choice for venture capital, life sciences and healthcare-related matters. Lourdes Ayala, who heads up the corporate, M&A and venture capital department in Madrid, advises on domestic and cross-border deals. M&A and VC specialist Alberto Rodriguez is especially active in the tech, gaming, e-sports and life sciences sectors.

Practice head(s):

Lourdes Ayala

Other key lawyers:

Alberto Rodríguez

Key clients


Buy My Car


Guesty Group

Hard Rock Cafe

Homery Digital, S.L.

Homeserve Asistencia Spain, S.A.



Luceiro Capital

Phone Service Center




Tuinar Plots & Houses, S.L.

Vass Consultoría De Sistemas

We Are Knitters, S.L.

Work highlights

  • Advised Luceiro Capital on the structuring and implementation of the search fund shareholders’ agreement, under which shareholders contributed the funds required for the acquisition of Safetop Innovative Protection, S.L.
  • Advising Kambi Group on the Spanish law aspects of the acquisition of Shape Games, headquarted in Denmark.
  • Advising Fertinagro Biotech on the sale of 50% of the share capital of GlobalFeed to OCP Group.


Cases&Lacambra handles a variety of corporate law and transactional matters on behalf of clients operating in a multitude of sectors, most notably financial services, venture capital, private equity, energy, retail and manufacturing. Working in close collaboration with the tax and financial services groups, the team is skilled in M&A, commercial agreements and corporate governance. Department leader Lucas Palomar, who advises both buyers and sellers, excels in corporate restructurings, joint ventures and M&A.

Practice head(s):

Lucas Palomar

Other key lawyers:

Bojan Radovanovic; Jose Manuel Llanos Alperi


‘Cases & Lacambra offers top-tier M&A advice. Its diverse practices maintain a high level of experience, sophistication and professionalism. Its M&A team is made up of good players in the transactional market.’

‘Without a doubt, a great firm with top-level professionals. Jose Manuel Llanos Alperi is a great M&A lawyer, with years of experience in the sector, who helps clients understand the transaction and look for solutions.’

Key clients

Drake Food Service International

Creative Business Investments

Iskaypet Group


Axon Partners Group

Cuyna Gg Ez, S.L.

Blacksalt Asset Management & Dunas Capital.

Total Specific Solutions BV

Groupe Chalumeau

Work highlights

  • Advised one of the main shareholders of Glovoapp23, S.L., the Spanish company Drake Food Service International ETVE, S.L.U., on the sale of its stake in the company to another shareholder of Glovoapp23, S.L.
  • Advised Creative Business Investments, S.L. on the acquisition of a residential asset in Vilablareix (Girona), to develop a compound of 28 apartments and 6 terraced houses, parking spaces, storage rooms and common facilities.
  • Advised Central Borne Arques, S.L. on its joint venture agreement with Apetito AG for the development of Apetito business in Spain.

Ceca Magán Abogados

Highlighted by clients for its ‘absolute availability combined with high technical knowledge‘, Ceca Magán Abogados‘ corporate and M&A practice provides assistance to medium enterprises active in a wide range of sectors, including food and beverage, pharmaceuticals, construction, financial services and distribution. With extensive experience in internationalisation processes, co-head José María Pastrana is adept at advising foreign clients on the setting up and expansion of business operations in Spain. Fellow co-leader Alejandro Alonso Dregi possesses more than three decades’ experience in commercial matters and M&A deals, with a special focus on the retail and real estate sectors.

Practice head(s):

José María Pastrana; Alejandro Alonso Dregi

Other key lawyers:

Esther Pérez García; José Ramón Lora Gómez


‘I have been fortunate to work with the team led by partner Alejandro Alonso Dregi. Client treatment, team knowledge, dedication and technical skills are of the highest level of quality. Without a doubt, they become a strategic partner of the client, offering maximum peace of mind.’

‘The ability to read the key points much earlier and anticipate any eventuality. We felt supported by the partner and his team at all times. Alejandro Alonso Dregi is excellent.’

‘The team led by Alejandro Alonso Dregi has extensive experience and is results-oriented.’

Key clients

BMS Mediación Iberia Correduría De Seguros Y Reaseguros

AT La Espada (ES Solutions)

Almacenes y Servicios Portuarios del Sur

Work highlights

  • Advised BMS Iberia Mediación de Seguros y Reaseguros on the acquisition of Eisenar.
  • Advised At La Espada on its sale to an international truck road transport company.
  • Advised Almacenes y Servicios Portuarios del Sur on the takeover by Euroports TPS Port Spain, S.L.


Spanish and international clients, including venture capital and private equity investors, routinely turn to ECIJA for legal support in M&A, joint ventures and corporate reorganisations. Best known ‘for its strong reputation among its stable of tech clients‘, the firm, which maintains a strategic alliance with Taylor Wessing LLP, is also trusted by clients from the media, energy and financial services industries. A key contact for listed companies, credit institutios and state-owned entities, Alberto Alonso Ureba handles a combination of M&A, corporate governance and contractual issues. Emilio Prieto concentrates on M&A and PE transactions.

Other key lawyers:

Alberto Alonso Ureba; Emilio Prieto; Borja Diaz-Guerra


‘Attention, availability, and constant search for solutions. Alberto Alonso Ureba is recommended.’

‘It is a team with a lot of experience. There are several partners with many years of practice. They anticipate problems. They are didactic, and practical, with enormous knowledge of this branch of law. Always available.’

‘Alberto Alonso Ureba’s deep knowledge of legal matters translates into security for the clients. He conveys a lot of confidence to the client and in all the matters we have worked on.’

‘The firm in general has established itself as a leading boutique firm in the Spanish market, known for its strong reputation among its stable of tech clients in particular. We specifically worked with the corporate/M&A team under the expert guidance of Borja Díaz-Guerra. Borja leads a team of high-quality performing lawyers with excellent responsiveness and a willingness to go the extra mile.’

‘Borja Díaz-Guerra is our key contact and, in my view, despite his relatively young age, is a stand-out partner not only in the firm but the wider market. Borja is not only a brilliant and technically gifted lawyer, but he is reasoned and commercial, and has a pragmatic and solution-focused approach that we highly appreciate from a client perspective. Uniquely, Borja is also qualified as a Solicitor of England & Wales which is notable when, on occasion, we have tasked him with assisting on multi-jurisdictional and complex corporate transactions.’

‘Very fast and hands-on team with a calm and pragmatic approach that makes you feel like you’re in a very safe pair of hands. ’

Key clients

Jenoptik AG

Mahou San Miguel


Caledonia Investments


Real Zaragoza

KGAL ESPF 5 Holding S.A. R.L.

SpeedInvest VC

Legends Hospitality

Kapch TafficCom AG




Einzelnet Group


Statio BD

Shandong Rainbow Agrosciences, Co, LTD


AE Industrial Partners, LP


Fieldfisher is home to ‘a top-level team with extremely personalised attention and a very deep knowledge‘ of corporate law and M&A transactions at the domestic and international level. Clients from across a multitude of sectors, including manufacturing, retail and energy, seek regular advice on share and asset deals, private equity transactions and distressed matters. Practice head Rodrigo Martos handles the entire scope of M&A mandates on behalf of large companies, investment funds and high-net-worth individuals.

Practice head(s):

Rodrigo Martos

Other key lawyers:

Paloma Mato; Ana Úbeda; Javier Dáneo


‘During the transactions they have been very proactive, which is very important for the type of transactions we are carrying out. Javier Dáneo did exquisite work.’

‘A top-level team with extremely personalised attention and a very deep knowledge of the subject. The commercial team is diverse, with an equal composition between men and women providing different points of view and working in a very coordinated manner.’

‘Personal attention, deep knowledge, efficiency, and creativity. Rodrigo Martos and Javier Dáneo stood out in the process.’

Key clients

BMI Group

Controlling shareholders of Barcino Property Socimi, S.A

Albaugh LLC

Grupo Resinas Brasil

GBA Group

Almar Water Solutions, B.V.

Polar Express

Armati Ltd.

Simply Blue (FOW 2 UK), Ltd

SymphonyAI LLC

Avanade Europe Services Ltd.

InvestInvent AG

Work highlights

  • Advised BMI on the acquisition of Asfaltos Chova, S.A.U.
  • Advised Albaugh on the due diligence process and the negotiation of the acquisition of Industrias Afrasa and Fitoval.
  • Advised Luresa Resinas, S.L.  on all aspects related to the acquisition of Cafosa Gum, S.L.U.

KPMG Abogados, Spain

The ‘excellent professionals‘ at KPMG Abogados, Spain are equipped to handle all manner of corporate and M&A matters. Typical instructions range from disposals and acquisitions, to joint ventures, share capital increases and corporate governance issues. Based in Barcelona, Eneko Belausteguigoitia is active in corporate restructurings and in the negotiation of M&A contracts. Rafael Aguilar is a key contact in Madrid for private equity funds, private companies and public entities. Francisco Vázquez joined as partner from Ashurst LLP in May 2023.

Practice head(s):

Eneko Belausteguigoitia

Other key lawyers:

Rafael Aguilar; Borja Marqués Triay; Alejandro Blázquez; Francisco Vázquez


‘Excellent professionals, empathetic and with solid knowledge. Rafael Aguilar and Alejandro Blázquez are recommended.’

Key clients

Toppan Group

WMG Management Europe Limited (Wasserman)

VAM Investments Group s.p.a.

Plenius by Mirovia AB

Armònia SGR S.p.A.

Grupo Econocom España, S.L.

Telefónica Digital España, S.L.

López-Ibor Abogados

Rated for its partner-level involvement, ‘technical knowledge, work capacity and efficiency‘, López-Ibor Abogados provides legal support in the fields of corporate law, commercial agreements, contracts and M&A transactions. With extensive experience in corporate deals involving listed and privately held companies, Marta Gil de Biedma  ‘has a clear vision and masters the law‘. She oversees the practice with Carlos Trénor, who is noted for his proficiency in real estate transactions.

Practice head(s):

Marta Gil de Biedma; Carlos Trénor


‘López Ibor is an excellent commercial law and M&A law firm.’

‘Marta Gil de Biedma is one of the most complete Spanish lawyers. She is completely dedicated to the issues, has a clear vision and masters the law.’

‘I would say that the degree of involvement of the partners makes the firm stand out. For us, it is essential to know that partners are involved in the day-to-day running of our company and our needs.’

‘Proximity, direct dealings with partners, command of different languages.’

‘Mastery of different branches of law regardless of the specific speciality for which they have been nominated.’

‘They stand out for their attention to detail, technical knowledge, work capacity and efficiency.’

‘Marta Gil de Biedma is a very senior, intelligent, fast and charming lawyer. Very intuitive and with a very deep knowledge of commercial law.’

Key clients

Viessmann Investment Gmbh

Qwello Gmbh

Gebr. Ostendorf Kunststoffe GmbH

+ Simple S.A.S.

Ap Wireless Infrastructure Partners

Kibo Ventures Continuation Fund I

Factory 14 S.À.R.L.

Transdina Cargo Servicios Centrales, S.L.

Micappital Insurtech, Correduría de Seguros, S.L.

Work highlights

  • Advised the Viessmann Group on the acquisition of a minority stake in the KEYTER Group.
  • Advised Qwello GmbH on the negotiation and implementation of a joint venture and shareholders’ agreement with Acciona Energía.
  • Advised Ostendorf Kunststoffe GmbH on the acquisition of Crear Plast, S.L.

Marimón Abogados

Medium-sized multidisciplinary firmMarimón Abogados is well positioned to handle due diligence and negotiations of joint ventures and M&A. Clients from a variety of sectors, most notably IT, financial services and real estate, benefit from an ‘excellent access to partners and a quality junior team‘, all of whom are adept in domestic and cross-border transactions, especially those with ties to other European countries. Anahita Tárrega is a key name in Barcelona for Italy and France-related deals, while Begoña Redón in Madrid is often retained by family businesses in commercial contracts and corporate conflicts.

Practice head(s):

Begoña Redón; Anahita Tárrega; Antonio Marimón Prats; José Miguel Martín-Zamorano

Other key lawyers:

Philipp Kirchheim


‘Team is flexible, agile and involved. It benefits from a huge experience and is always proposing alternatives/solutions.’

‘They get involved in everything necessary to manage the transaction. They dedicate the time that is required, without limitations.’

‘Marimón is a medium-sized multidisciplinary firm with excellent customer service based on availability and access to senior resources and a very competitive quality-price ratio. We have worked with them on multiple occasions, mainly on M&A and corporate issues, although they have also given us support on other issues (labour, administrative or tax), and always in a satisfactory manner.’

Key clients

Senda Inversiones, S.L.

Shareholders of INNOCV SOLUTIONS, S.L.

Shareholders of Group Hotels Ferrer

Stef Group

Beta-Film GmbH

Comercial del Sur de papelería SL

Grupo New City Time Holding

COMPEI (Requena family office)

Wacker Neuson Group

Experientia Sports & Entertainment Group

Work highlights

  • Advised Valsoft on the acquisition of Protecmedia.
  • Advised Experientia Sports & Entertainment Group on the sale of a majority stake in their events business to Grupo Godó.
  • Assisted STEF Group in the acquisition of Transporte Temperatura Controlada, S.L. and TTC Logística Frigorífica, S.L.


Home to ‘a team of lawyers equipped with an excellent combination of legal knowledge, strategic thinking and communication skills‘, ONTIER is retained by a diverse mix of domestic and international clients from an array of sectors, including IT, private equity and consumer goods. Drawing on its vast footprint in Latin America, the firm has remained busy acting in M&A deals, business combinations, and joint ventures at the domestic and international level. Key individuals include Bernardo Gutiérrez De La Roza, Pablo Enrile, the versatile and ‘always availableJorge Perujo, and corporate and M&A specialist Víctor Artola Recolons.

Practice head(s):

Bernardo Gutiérrez De La Roza; Pablo Enrile; Jorge Perujo; Víctor Artola Recolons


‘ONTIER has a team of lawyers equipped with an excellent combination of legal knowledge, strategic thinking and communication skills. I would like to highlight the support that ONTIER provides us internationally, particularly in LATAM.’

‘In particular, I would highlight the human quality and professionalism of Jorge Perujo, who is always available to help us at all times and in any jurisdiction. ’

‘Great support, practical approach, client-oriented.’

Key clients

Sociedad Estatal de Participaciones Industriales

Real Sporting de Gijón

Frontal Trust (Gestora de Fondos Chile)


Comercial GYC, Rufi Rufi 06, and Lubeflo, family offices

Kevin Allbola International S.l

Indra Sistemas, S.A.


IMOFID – Fidelidade


Work highlights

  • Advised Real Sporting de Gijón on the sale of its majority stake (73.43%) in the Mexican group Orlegi Sports Global, S.L.
  • Assisted Frontal Trust in the implementation of its expansion strategy in Spain through a joint venture with the Chilean construction company Gibalbin Inversiones.

PwC Tax & Legal Services

Led by Javier Gómez Domínguez, the sizeable corporate and M&A practice at PwC Tax & Legal Services assists a growing number of clients from the healthcare, financial services, energy, retail and industrial in buy and sell-side mandates. Singled out for ‘his availability, attention and expertise‘, Jacobo Lavilla has a solid track record in M&A, joint ventures and corporate reorganisations.

Practice head(s):

Javier Gómez Domínguez

Other key lawyers:

Jacobo Lavilla; Carmen Millán Cruz; Joaquín Serralta Huerta


‘Dedicated team with great technical and practical knowledge of the issues.’

‘Total proactivity of the team in solving problems and collaboration with other areas of PwC. ’

‘Very complete team. Great availability and reactivity. Excellent customer service.’

Key clients


Norbel Inversiones, S.L.

Asefa, S.A. Seguros y Reaseguros & Atos

Masmovil Ibercom, S.A.U.

Grupo Konectanet, S.L.U.

Sener Grupo Ingeniería, S.A.


Shareholders of Bovis Project Management, S.A.,

Gigas Hosting, S.A. (“Gigas Hosting”)

Autocafler, S.L. (Cafler)


Iberdrola Redes España, S.A.U.

Samson Rope Technologies Inc.

Aquila Capital

NV Bekaert S.A.

Work highlights

  • Advised Iberdrola on the sale of 49% of the Wikinger offshore wind farm, located in the German waters of the Baltic Sea, to the investment fund Energy Infrastructure Partners (EIP) for €700m.
  • Advised Norbel Inversiones on the design and execution of a restructuring transaction for the simplification of its structure.
  • Advised Asefa and Atos on the sale and purchase of the insurance business, the medical business and a building located in Barcelona for a total amount of €37m.


A strong player in the Barcelona market, RocaJunyent handles nationally significant M&A, private equity investments and corporate reorganisations across a variety of sectors, with a special emphasis on TMT, financial services and insurance. Noted for its ‘great professionalism and legal knowledge‘, the group possesses strong capabilities in venture capital matters, and is often called upon by companies of all sizes, including multinationals and family-owned businesses. Xavier Altirriba is the main point of contact for French corporations looking for assistance with their investments in Spain. Managing partner Joan Roca is also recommended for M&A and contractual mandates.

Practice head(s):

Xavier Altirriba

Other key lawyers:

Joan Roca; Alex Llevat; Santi Pagès; Francesc Baygual


‘The Roca team has offered us personalised attention, availability and adaptability at all times. Transactions have always been carried out to the end, and they have always sought practical solutions.’

‘Great dedication of the team and ability to adapt to our needs.’

‘Great professionalism and legal knowledge.’

‘ We consider that their professionalism and interpretation of client needs are well above the average of other firms.’

‘A solid, dedicated, highly qualified team. They anticipate the client’s needs, which is why working with this team gives a lot of peace of mind.’

‘They know their client very well, they anticipate needs, they provide complete peace of mind.’

‘The internal coordination and the ability to work between teams makes this law firm a solid asset and makes it unique and leading.’

‘Francesc Baygual shows commitment, seriousness and reliability above expectations.’

Key clients

2m Holdings Limited

Indukern, S.A.U. (now Vidara Life Ingredients, S.A.U.)

Palex Medical, S.A.U.

Ersm Insurance Brokers Correduria De Seguros Y Reaseguros, S.A

Xta (Xarxes De Telecomunicacions Alternatives S.L.)

Adam Foods

Consorcio De La Zona Franca De Barcelona

Global Social Impact

Arthex Biotech

Work highlights

  • Advised Arthex Biotech on a €42m financing round.
  • Advised Indukern on the acquisitions of Promic, Galenicum Special Ingredients and Galenicum Special Ingredients Complementos Alimenticios España.
  • Advised XTA on the sale of the company to Teras Capital Investments Holding for €25m.

Squire Patton Boggs

Part of a multidisciplinary and international team‘, Squire Patton Boggs‘ Madrid-based corporate and M&A group experienced significant growth over the past year, both in headcount and turnover. The practice continues to advise middle-market and increasingly major clients from the worlds of TMT, healthcare, real estate, energy and infrastructure on the full slate of corporate transactions. Teresa Zueco, managing partner of the Madrid office, focuses on M&A and private equity matters, and is qualified to advise on Spanish and French law. Carlos Blanco, who joined from RocaJunyent in November 2022, possesses a strong track record in the telecoms sector.

Practice head(s):

Teresa Zueco

Other key lawyers:

Carlos Blanco; Rocío García; Pablo García


‘They have a very competent team in different areas; excellent services.’

‘They are fully involved in the projects until the end.’

‘Always available and very responsive. Strong presence of women in the team, especially in senior roles. Very commercial and flexible mentality, they go above and beyond in all aspects. ’

‘Rocío García – a very commercial and flexible lawyer who understands our business perfectly and knows what matters to us. Very good negotiator. ’

‘Squire Patton Boggs is part of a multidisciplinary and international team with a lot of experience in this space. They provide extensive knowledge and experience in corporate governance, M&A, corporate structures, among other matters. They always give us a creative, flexible and updated vision and are up-to-date with the latest practices. Always willing to delve to the bottom of each topic and committed like no other to their client.’

‘The Squire team is excellent in their professional as well as personal aspects. Rocío García, recognised as one of the best young lawyers in Spain, is a commercial expert with extensive experience in sectors such as healthcare, energy and real estate. Rocío is outstanding in her negotiation skills, intelligence, courage and legal knowledge.’

‘A close and committed team, with a lot of potential and extensive capabilities beyond the legal field.’

Key clients

Sherpa Capital

Bregal Milestone

Sherpa Capital Entidad Gestora and Taylor Kitchen Group

EZSA Sanidad Ambiental

Corialis Group


Miss Group

Epifi Investments

Grupo Prim


Hedonai group

Colisée Group

H.I.G Capital

Tecfire Spain



Fortescue Future Industries

TimeToAct Capital

Work highlights

  • Advised Sherpa Capital on the sale of the Portuguese luxury carpet company Ferreira de Sá to Artá Capital for over €70m.
  • Advised leading global alternative investment firm, H.I.G Capital, on the landmark merger of its portfolio company Grupo Ransa, a leading third-party logistics (3PL) player in Latin America, with Transportes Centroamericanos del Futuro (TCF).
  • Advised Miss Group, an international fast-growth web hosting business, on the acquisition of 100% of Sered Hosting, S.L.

Tribeca Abogados

Tribeca Abogados‘ workload is populated by several middle-market M&A, private equity deals and corporate restructurings across various industries, including technology, healthcare, manufacturing and energy. In addition to its transactional skills, the group also provides advice on general corporate law issues and commercial contracts. Commended for his ‘high level of involvement in each project‘, Madrid-based Juan Bezares acts for domestic and international companies, PE houses, investment firms, start-ups and venture capital funds in a host of corporate transactions. He oversees the group alongside Diego Ferreiro, who sits in the Madrid office and excels in joint ventures and corporate reorganisations, and José Miguel Mayayo in Zaragoza, whose knowledge covers M&A, commercial contracts and corporate law.

Practice head(s):

Juan Bezares; Diego Ferreiro; José Miguel Mayayo

Other key lawyers:

Ignacio Carrion; Hector Brito


‘Its best qualities are its technical capabilities, availability and its pedagogy when explaining the reasons for its positioning and recommendations.’

‘At Tribeca Abogados, lawyers are very involved in the projects and understand clients’ needs very well. They look for satisfactory solutions without losing sight of the global context of the transaction and the viability of said solutions, working in an extremely efficient manner.’

‘Juan Bezares has a high level of involvement in each project. He is also a great mediator, seeking whenever possible ways to reach agreements that satisfy all parties. His availability and involvement in each project stand out.’

Key clients

Pangaea Oncology, S.A.

Phi Industrial Group

Sunrgyze, SL

Fulcrum Technology Holding, BV

Corpfin Capital (Dimoldura Group)

Proaltus Capital Partners, Sl

Sanicen, S.A.U.

Nanogap Sub NM Powder, S.A.

Atalaya Generación Eólica, Sl

Transportes Ferroviarios Especiales S.A. (Transfesa)

HD Plus Insurance Broker, SL

Work highlights

  • Advised Pangaea Oncology, S.A. on the acquisition of 75.01% of the share capital of Pectus Respiratory Health S.L owned by Giromed Institute S.L.P.
  • Advised Fulcrum IT Partners on the acquisition of Viadex Global Ltd and its global subsidiaries by Fulcrum IT Partners as part of its effort to strengthen its presence in the UK technology market.
  • Advised Sunrgyze, S.L. on the joint venture between Repsol Energy Ventures, SA and Enagás Services Solutions SL.