Firms To Watch: Commercial, corporate and M&A

Cases&Lacambra‘s offering covers M&A, commercial law and corporate law matters, operating across a range of industries such as hospitality, retail, energy and healthcare; Lucas Palomar leads the department, which is home to dedicated desks for the Middle East, Latin America, Eastern Europe and Turkey.
Founded in 1989, boutique firm RLD supports clients through the full spectrum of business-related issues, including M&A and corporate law; the practice is led by Rafael López-Diéguez Gamoneda, with Fernando Gómez y Gómez-Calcerrada another key practitioner, and enjoys strong connections with the Latin American and Middle Eastern markets.
Squire Patton Boggs illustrated its commitment to, and investment in, the Spanish market with the hire of M&A and private equity expert Teresa Zueco from DLA Piper in November 2021, who joined along with a six-strong team of legal directors and associates.
Principally active in the real estate, biotech, industrial and energy sectors, Zurbarán Abogados handles company acquisitions and dispositions, related financings and corporate governance mandates, among others; Ángel Zamora and Ricardo Astorga Morano co-lead the practice.
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Commercial, corporate and M&A in Spain

Clifford Chance

Clifford Chance, a Magic Circle firm with offices in both Madrid and Barcelona, is active across a broad range of industries, having handled standout deals in the sports, telecoms, energy, healthcare, finance and pharmaceutical sectors. The group has recently witnessed a couple of noteworthy developments, namely Luis Alonso’s promotion to practice head and the appointment of Javier Amantegui as leader of the firm’s European financial investors practice. Former practice head Javier García de Enterría remains active in the team as an of counsel, and the department is also able to leverage the considerable experience of Jaime Velázquez, managing partner of the firm’s Spain operations. Beyond the partner level, senior associate Pablo Murcia has been particularly active in the department's recent workload, which encompasses multi-jurisdictional M&A, public takeovers, joint ventures, restructurings, corporate governance and general commercial matters.

Practice head(s):

Luis Alonso

Other key lawyers:

Javier Amantegui; Javier García de Enterría; Jaime Velázquez; Pablo Murcia; Guillermo Guardia; Samir Azzouzi; Javier Olabarri Azagra

Testimonials

‘It is an excellent team with extensive experience in the sector. They are fast, agile, and very smart.’

‘Luis Alonso is our reference partner in Spain. He is a very hard-working and intelligent person. He is able to understand complex industry / business issues fairly quickly and generates a lot of value by bringing fresh perspectives to discussions. He is not a partner that only executes what is ordered but generates a lot of value in the solution itself. I would also highlight Pablo Murcia.’

‘It is a very competent team, with a lot of experience and with very good availability and treatment.’

‘Experience, knowledge and dedication.’

‘The sum of Luis Alonso and Javier Olabarri in M&A transactions seems to me like a ticket that today has no equivalent in any office. To the excellence of each one of them individually, is added the fact that there is a perfect coordination between them and that they have personal characteristics that complement each other perfectly.’

‘The team stands out for the extraordinary academic preparation of its members and the solid professional experience in all areas of commercial law, with an excellent relationship with all stakeholders, including the competition. In addition, they adapt perfectly to the demands of the client and their times.’

‘Experience and pragmatic approach always. The glass will always be half full and never half empty. The problems that arise are always accompanied by practical, never theoretical, alternative solutions. I’d highlight Luis Alonso and Javier García de Enterría.’

Key clients

ACS

Telefónica

Cellnex

Masmovil

Elliott

KKR

Finerge

Cinven

Cubico

Real Madrid

Key Capital

Vauban (formerly known as Mirova Infrastructure)

Cecabank

Total

Macquarie Infrastructure and Real Assets

Galp

Permira

Banco Inversis

Sabanci

Abanca

ACS

Telefónica

Cellnex

Masmovil

Elliott

KKR

Finerge

Cinven

Cubico

Real Madrid

Key Capital

Vauban (formerly known as Mirova Infrastructure)

Cecabank

Total

Macquarie Infrastructure and Real Assets

Galp

Permira

Banco Inversis

Sabanci

Abanca

Work highlights

  • Advised Telefonica on the merger of its UK subsidiary O2 with Liberty Global’s Virgin Media.
  • Advised Masmovil on the friendly €2bn takeover bid made over Euskaltel and, previously, on the friendly €5bn takeover bid made over Masmovil by KKR, Cinven and Providence.
  • Advising the promoters of the European Super League on the legal aspects concerning the project, including the foundational agreements, the €4bn financing committed by JPM, and corporate, antitrust and regulatory matters.

Garrigues

A local firm highlighted for its 'absolute mastery of matters' and with a far-reaching international network, Garrigues is able to leverage its overseas offices in Brussels, London, Lisbon, Warsaw, China, New York, Morocco and Latin America when engaged on multi-jurisdictional transactions. The team excels across an array of transactions, including public takeovers, public M&A, joint ventures, disposals and corporate restructurings, and demonstrates the capabilities to support on all relevant considerations, including competition, antitrust and corporate governance. Mónica Martín de Vidales has overseen countless deals pertaining to private and listed companies; she leads the practice jointly with Àlvaro López-Jorrín, a lawyer who brings over 20 years of experience advising on large deals to the table. Fernando Vives, the firm’s executive chairman and managing partner, remains an active member of the team, complementing his transactional expertise with a track record in advising boards of directors and at shareholders’ meetings. Other standouts include up-and-coming partner Sergio González Galán, especially well regarded within the telecoms, audiovisual and energy sectors, and principal associate Beatriz Amillo, noted as ‘an important pillar of the team'.

Practice head(s):

Mónica Martín de Vidales; Álvaro López-Jorrín

Other key lawyers:

Fernando Vives; Sergio González Galán; Beatriz Amillo

Testimonials

‘The Garrigues team is of unmatched excellence and professionalism. They care about thoroughly understanding the client’s business, and knowing what the specific concerns and objectives of the operation are, planning and executing it with attention to detail but without losing sight of the full picture. They also approach every project with humanity and empathy, always looking for a win-win solution.’

‘Sergio Gonzalez Galan is undoubtedly my lawyer of reference within the firm, he is always available to help. He is a deeply human and empathetic person who is capable of putting himself in the client’s shoes. He has a great capacity for understanding the situation and the client’s problems and is capable of anticipating and solving the most complex problems, making even a complicated solution seem easy. Beatriz Amillo, who is another important pillar of the team, also stands out.’

‘Identification with the client and its practicality in approaching the issues. As a client I feel that they are part of the team and that being excellent professionals they make an additional effort to integrate into the project and team up with the client. I would also highlight their culture of service, they try to help in everything you need.’

‘It is a plus as an office. As a client, putting yourself in their hands gives you maximum peace of mind and confidence.’

‘Total empathy with the client and their needs. Absolute mastery of matters. Flexibility. Availability. Monica Martín de Vidales and Beatriz Amillo are standouts.’

Key clients

Telefónica

Banco Bilbao Vizcaya Argentaria

IAG (International Airlines Group)

Iberdrola

Red Eléctrica

Enel

Blackstone

Bankinter

Prosegur

Merlin Properties

Work highlights

  • Provided advice to Telefónica and Telxius on the sale of Telxius’ tower division to American Tower Corporation, comprising approximately 31,000 existing telecommunication tower sites in Europe and Latin America, for €7.7bn.
  • Advised Bankia on its merger by absorption with CaixaBank; the deal created approximately €16.6bn of combined market capitalisation and €650bn of combined total assets.
  • Advised Iberdrola on the acquisition (by way of merger) by Iberdrola’s US listed affiliate Avangrid Inc of PNM resources for $4.3bn.

Linklaters

At Magic Circle firm Linklaters, the lawyers ‘stand out for their technical excellence and considerable experience in the field of M&A’. The department is home to vast sector expertise, with a particular emphasis on highly regulated industries, and is headed by Víctor Manchado, a star name for both public and private deals. Senior partner Alejandro Ortiz is a go-to partner for major takeover bids, and Carmen Burgos excels in M&A, joint ventures and commercial agreements, particularly those within the TMT industry. Also integral to the offering is Alexander Kolb, a public M&A specialist who often works on listed company mergers and public-to-private transactions, as well as energy and infrastructure expert Lara Hemzaoui. Esteban Arza, who was promoted to partner effective May 2022, is establishing a prominent reputation for cross-border acquisitions, auction processes and restructurings.

Practice head(s):

Víctor Manchado

Other key lawyers:

Alejandro Ortiz; Alexander Kolb; Lara Hemzaoui; Carmen Burgos; Esteban Arza; José Giménez; Jaime Zurita; Jesús Alfaro

Testimonials

‘Agile team capable of adapting to the particular circumstances of the project and the client. They have been quick to propose alternatives to problems that arise with the project underway, without penalizing the result.’

‘Teamwork with the rest of the areas of its own office and coordination with the client.’

‘The lawyers stand out for their technical excellence and considerable experience in the field of commercial and corporate law and M&A.’

‘Excellent technical knowledge, extensive experience, proactivity in the search for solutions. I’d highlight Alejandro Ortiz and Esteban Arza.’

Uría Menéndez

Uría Menéndez benefits from having a broad domestic network in addition to overseas offices in London, Brussels, Lisbon, New York and locations in South America. Key points of differentiation for the practice include its notably low leverage ratio, fielding 30 partners to 100 lawyers, as well as its proficiency in deals which involve Latin American jurisdictions. Francisco San Miguel is particularly accomplished when it comes to deals in the finance sector and co-heads the practice alongside Manuel Echenique, who serves as counsel to a number of Spain’s largest listed entities. The ‘outstanding’ Rafael Núñez-Lagos is a favourite among clients and is a key contact for infrastructure-related deals, in addition to corporate governance and corporate conflict issues.

Practice head(s):

Manuel Echenique; Francisco San Miguel

Other key lawyers:

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

Testimonials

‘I’d highlight their great knowledge of the subjects, their availability, their adaptation to changing or supervening circumstances.’

‘Standout names include Juan Martín Perrotto and Rafael Núñez-Lagos.’

‘They form an extraordinary team, well coordinated and very solid.’

‘Outstanding partners: Juan Martín Perrotto, Rafael Nuñez-Lagos. Outstanding associate: Martín Jordano.’

‘Uría Menéndez’s is a broad team whose performance does not change despite operations extending over time: team members may vary but delivery is the same.’

‘They offer a plus of creativity in the solutions, and they present them with naturalness and simplicity; they do not seek to complicate the answers but to give the practical essence. Rafael Nuñez-Lagos is a star name.’

Key clients

CaixaBank

Telefónica

GIC

Global Infrastructure Partners

Unicaja

Banco Santander

Apax Partners

Helia Renovables

Bridgepoint

Global Payments

Plenium Partners

Eurazeo

China Three Gorges

Prisa

Grupo Santillana

GPF Capital

Ferrovial

GlovoApp23

Allen & Overy

‘An excellent team’ with ‘a commercial orientation and focus on closing the deal’, Magic Circle firm Allen & Overy excels in a wealth of M&A transactions, including opportunistic, strategic, inbound, private and public deals. A key point of differentiation for the practice, owing to the dedicated expertise of Ignacio Hornedo, among others, is its first-rate reputation for energy-related transactions. Fernando Torrente is a specialist in corporate governance, reorganisations and joint ventures, often acting on big-ticket transactions with the support of counsel Teresa Méndez. Iñigo Del Val is noted as ‘one of the best M&A professionals in Spain’, while at the senior associate level, Bosco De Checa is an up-and-coming lawyer with exposure to a number of different sectors, including media and retail.

Practice head(s):

Fernando Torrente; Íñigo del Val; Ignacio Hornedo; Pablo Mayor

Other key lawyers:

Teresa Méndez; Bosco De Checa

Testimonials

They are an excellent firm in this practice. Excellence in execution. They focus on the important points. Commercial orientation and focus on closing the deal.’

‘Good value for money. Excellent customer support.’

‘Bosco De Checa is a very good lawyer who cares about his client.’

‘Both Iñigo del Val and Ignacio Hornedo are some of the best M&A professionals in Spain. Of them I highlight their flexibility, customer service and putting themselves in our shoes, their excellent predisposition and character.’

‘Iñigo del Val is a very close partner; always available and knowing how to understand well the interests of their clients, what is important and what is not, etc.’

‘Iñigo del Val is outstanding.’

‘Team very involved in all points of view of the operation. Very proactive.’

‘Beyond availability, the team stands out for its knowledge of the sector and, in particular, for focusing on practical solutions that facilitate the achievement of objectives.’

Key clients

EQT

Repsol

Banco Santander

Iberdrola

Eolia Renovables

AMP Capital

Advent

Banco Sabadell

Santander Consumer Finance

Acciona

Corporación Masaveu

Infracapital

Work highlights

  • Advised EQT on the acquisition of Idealista, the online real estate classifieds platform, from fund Apax Partners LLP for an amount of €1.35bn.
  • Advised Liberty Global on its £31.4bn joint venture with Telefónica to merge Virgin Media and O2’s fixed, broadband and mobile businesses in the UK.
  • Advised global communications infrastructure leader American Tower Corporation (American Tower) on its agreed acquisition of the towers division of Telxius Towers business in Europe and LatAm from Telefónica.

Cuatrecasas

Highly regarded domestic firm Cuatrecasas is particularly active on the cross-border front, owing to an expansive office network spread across Iberia, the UK, the US, Latin America, Africa, Asia and the Middle East. Madrid-based partner Javier Villasante, noted for his expertise in energy and infrastructure-related deals, jointly leads the practice with Victor Xercavins, who operates from Barcelona, having previously served as managing partner of the firm’s New York office. The practice is often instructed on the market’s largest transactions and is especially well equipped to handle transactions affected by Spain’s new FDI controls, introduced in March 2020.

Practice head(s):

Javier Villasante; Víctor Xercavins

Other key lawyers:

Federico Roig; Raimundo Segura; Juan Aguayo; Alejandro Payá

Key clients

SANOMA

EL CORTE INGLÉS

TERMINALES PORTUARIAS

MUTUA MADRILEÑA

DELIVERY HERO

MEDIA MARKT SATURN

GRUPO CATALANA OCCIDENTE

QUABIT INMOBILIARIA

PERNOD RICARD

SONNEDIX

Work highlights

  • Advising Vinci on the acquisition of the energy business of ACS, Actividades de Construccion y Servicios.
  • Advising Platinum Equity on acquiring Urbaser.
  • Advising Kensington Capital Acquisition, a special purpose acquisition company, on a merger agreement with Wallbox, and its subsequent admission to trading on the New York Stock Exchange.

Gómez-Acebo & Pombo

Gómez-Acebo & Pombo’s ‘excellent’ M&A practice has handled transactions across a broad range of sectors recently, including in the hospitality, insurance, retail, technology, pharmaceutical and energy industries. Iñigo Erláiz has specialist experience in respect of restructuring and insolvency-led transactions; he leads the practice jointly with Fernando de las Cuevas, a lawyer who is particularly focused on inbound work, serving as co-head of the French desk and lead of the China desk. Guillermo Guerra Martín is the resident takeover bid and corporate governance expert; meanwhile, Augusto Piñel is the go-to for deals in the financial services sector, often working alongside the finance and tax practices on the structuring and financing of major deals.

Practice head(s):

Iñigo Erláiz; Fernando de las Cuevas

Other key lawyers:

Augusto Piñel; Estibaliz Aranburu; Guillermo Guerra Martín

Testimonials

‘The team is really excellent. In my opinion, it is not only their experience in this area, but also their high level of empathy when it comes to perceiving our needs and the evaluation of risks in the negotiation.’

‘It differs in the advice provided and in its proximity to the client, flexibility and in the search for practical business-oriented solutions.’

‘Guillermo Guerra is a brilliant professional. Excellent technically and in relation to dealing with the client.’

‘Specialists in corporate law of listed companies.’

‘Closeness, client/business orientation. High availability, especially Guillermo Guerra.’

‘Guillermo Guerra is undoubtedly an outstanding lawyer in corporate and corporate governance matters and especially in relation to listed companies. His knowledge of this area makes him stand out.’

‘It is a team with a lot of experience that adapts perfectly to the needs of the client and the specific operation. They form a team with the rest of the participants in the transaction and dedicate as much time as necessary, regardless of the size of the operation. High quality of work and follow-up of the result.’

‘Since the entry of Augusto Piñel, the practice has been reinforced with a greater orientation towards collaboration and client follow-up.’

Key clients

CASER

Meridiam

Grupo Prisa

Cellnex Telecom

BFA Tenedora de Acciones (BFA)

Mediterráneo Vida

Elliot Advisors

LOGISTA

NIKE

IVECO

HYUNDAI

Work highlights

  • Advising BFA Tenedora de Acciones (a 100% FROB entity and owner of 61.81% of Bankia) on all aspects related to the merger process between Bankia and CaixaBank.
  • Provided advice to Meridiam Investments on the acquisition by Meridiam Investments and Bestinver of the participations of Acciona Concesiones, Acciona Servicios Hospitalarios and Acciona Construccion in eight Spanish concessions.
  • Advised SEPI in connection with the temporary financial assistance to be provided to Duro Felguera.

Pérez-Llorca

In addition to its Madrid offices, local independent firm Pérez-Llorca is present in Barcelona, New York and London; its corporate and M&A offering is fronted by Javier Carvajal, a veteran who has advised on numerous takeover bids, joint ventures and cross-border M&A transactions. Senior partner Pedro Pérez-Llorca has played a role in some of the market’s largest deals throughout his illustrious 25-year career, and the team also includes Alfredo Lafita, a practitioner with a focus on M&A, shareholder and purchase agreements, corporate governance mandates, joint ventures and restructurings. At the more junior end of the partnership spectrum, Carmen Reyna acts for both domestic and international clients, guiding them at all stages of the transactional process, from letters of intent to resulting shareholders’ agreements. In a recent development, corporate and commercial law expert Nasif Hamed was promoted to partner in January 2022.

Practice head(s):

Javier Carvajal

Other key lawyers:

Pedro Pérez-Llorca; Alfredo Lafita; Carmen Reyna; Pablo González Mosqueira; Julio Lujambio; Nasif Hamed

Key clients

CVC Capital Partners

Blackstone

Oaktree

Banco Santander

LetterOne

Cellnex

Grupo Prisa

Indra Sistemas

Rhone Capital

Iberdrola

Work highlights

  • Advising CVC in relation to its 20% stake in Naturgy and the partial takeover bid for this company announced on 26 January by IFM, for an amount of €5.06bn.
  • Advising Volotea on the first transaction in the airline sector where a fix-it-first solution has been proposed within the framework of a concentration at a European level.
  • Advised Trilantic Capital Partners throughout the whole M&A process on the sale of 100% of its shares in Vertex Bioenergy, alongside 100% of the minority shareholders’ stake, to DWS Group.

Araoz & Rueda

Araoz & Rueda, an independent firm which started out as a corporate transactions boutique, demonstrates a strong capacity to handle a range of transaction types, including M&A, spin-offs, joint ventures, national and international contracts and day-to-day commercial affairs. Pedro Rueda fronts the practice, which is home to specialist knowledge in the health, food and beverage, pharmaceutical, construction, media, transport, logistics and renewable energy sectors. The recently promoted Guillermo Bueno is a key practitioner in the team, often acting on the due diligence and contract drafting components of transactions. Former practice co-head Israel De Diego has left the firm.

Practice head(s):

Pedro Rueda

Other key lawyers:

Alejandro Fernández de Araoz; Francisco Solchaga; Guillermo Bueno; Vicente Paramio

Testimonials

‘The team was very responsive, even late at night and provided a level of service akin to London City law firms.’

‘The firm provided a very seamless service on a complex M&A transaction, with Pedro Rueda very much leading from the front and being the key contact at all times, obtaining input from specialists as and when needed. Strong, partner led team that anticipated what we wanted and how we like to work. They spend time building the relationship and their style is very much a trusted adviser. They make deals easier, especially for those with less experience of the Spanish market.’

‘Pedro Rueda is very strong, pragmatic, calm, charming and statesman like – someone we were very pleased to have on our side in difficult negotiations. Someone we trusted from the outset. Provided very clear, straightforward advice on complex issues and was always ready with solutions to issues that arose.’

Vicente Paramio is a strong performer, always available and conscious of the need to explain Spanish-market specific practices to us.’

‘Araoz has a team with a lot of experience, they answer any request in less than 24 hours and with an irrepressible quality.’

‘I have already worked with Pedro Rueda and Guillermo Bueno; they are all exceptional, considering the experience of each one. Organisation, control of the entire process and responsiveness is common to all.’

‘The main singularity is that they combine the capacity of large firms with the efficiency and craftsmanship of medium-sized firms, always dedicating adequately dimensioned team.’

‘They are all very solid lawyers with great experience, which means that they are always very focused on the economic-business context of the operations with a fluent handling and creativity of the law.’

Key clients

Molecor Tecnología

Affluence Corporation

Strategy Analytics

Abantos Desarrollo Empresarial

Bomi Italia, SpA

Assa Abloy Global Solutions Ibérica

Winchannel

The Phone House Spain

Axway Software Iberia

Avanza Spain

Amundi Private Equity

A Contracorriente Films

ENI

Vivendi

Work highlights

  • Provided advice to ENI on the acquisition of Spanish electricity and gas trading company Aldro Energía.
  • Advised Grupo Orpea on the acquisition of Hestia hospital group.
  • Provided advice to the French fund Amundi Private Equity Funds on the acquisition of the group of companies led by the Spanish company The Reffeer Group.

Ashurst LLP

Silver Circle firm Ashurst LLP is equipped to support on the full spectrum of corporate transactions, namely M&A, joint ventures and partnerships, corporate restructurings and private equity deals. Under the leadership of María José Menéndez, a specialist in the financial services and insurance industries, the team includes infrastructure deal expert Jorge Vázquez, as well as Pedro Ester, who is especially active in the field of real estate-related M&A. The four-partner team is rounded off by Andrés Alfonso, who provides the group with an in-depth knowledge of the energy industry and is often engaged in transactional work pertaining to Latin America.

Practice head(s):

Maria Jose Menéndez

Other key lawyers:

Jorge Vázquez; Pedro Ester; Andrés Alfonso

Testimonials

‘Cohesive, very proactive team with the ability to anticipate client needs’.

‘Personalised treatment, listening skills, dynamism, closeness to teams and professionals at all levels of the organisation.’

‘Pedro Ester and the team provide us with an excellent service, with attention to detail and, above all, the most important, he understands the needs of his client and his business. Exemplary legal services.’

‘Pedro Ester and the team are a 24/7 service with the right response and the right strategy at all times. With a deep understanding of the business and its ramifications.’

Key clients

Iridium

La Verdosa

KKR Credit Advisors (EMEA) LLP

Solarig Global Services, S.A.

InfraVia Capital Partners

Liberbank

ABE Capital Partners SGEIC, SA

Castlelake LLP

Sonnedix

Lightsource

Aegon

Cobega

Work highlights

  • Advised La Verdosa on the sale of a 5.6% stake in Acciona.
  • Advising KKR Credit Advisors on the acquisition from Banco Sabadell of a portfolio of non-performing and re-performing loans and REOs.
  • Advised Cobega on the sale of a 50% stake of Grupo Cacaolat SL to SA Damn.

Baker McKenzie

Headquartered in Chicago, international firm Baker McKenzie is acclaimed for its ‘deep knowledge of the tourism sector’ and has also recently handled standout deals in the consumer goods, retail, healthcare, education, energy and real estate industries. Enrique Carretero focuses his practice on public M&A and takeovers, while Javier Menor, who co-heads the group with Carretero, is a specialist in private M&A, corporate reorganisations, corporate governance and competition matters. Other practitioners of note include Jorge Adell, a key contact for IT, pharmaceutical and healthcare mandates, as well as Maite Diez, who is often active on commercial contracts matters.

Practice head(s):

Enrique Carretero; Javier Menor

Other key lawyers:

Laura García Fuster; Jorge Adell; Maite Diez; Luis Casals; Enrique Valera

Testimonials

‘High knowledge of the particularities of this area. Total dedication to the operation. Ability to find solutions in moments when it seems that an operation may get stuck.’

‘Javier Menor and his team have shown dedication and absolute dedication in the resolution of the file, showing commendable negotiation skills. Its ability to resolve the matter entrusted has been superior to others.’

‘Considering the importance of the matter in economic terms, the dedication and availability of Javier Menor and Laura García-Fuster has been excellent. Their understanding of the situation and the ability to negotiate with multiple parties with competing interests have been essential to the satisfactory resolution of the matter for our company.’

‘In our case, they carried out the sale of our company, and we saw exceptional project teamwork. They guided us and provided us with the maximum information. In addition to making the whole process very agile.’

‘Javier Menor, his personalised treatment and his great professionalism as well as all his team.’

‘Deep knowledge of the tourism sector, solid experience in M&A. Ability to propose imaginative solutions to conflicts. Negotiation skills with empathy and firmness. Flexibility and availability with the client. Quick advice for agile decisions. Attention to detail and perfect organisation of projects.’

‘Javier Menor is an excellent lawyer, with a great ability to understand complex businesses and the environment in which they are circumscribed and thus provide enormous added value to projects. He demonstrates his solid experience in M&A operations in each meeting he attends, contributing not only from a legal perspective but also from a business and sector perspective. Close, flexible and very practical.’

Key clients

BDT Capital Partners

Puig

Idealista

Adient

Cemex Latam Holdings, S.A.

Siemens Gamesa

Odre 2005, S.L.

Capital Dynamics Limited

Vithas

Cirsa

Trinasolar

Aperture Travel, S.L.U

Marcel Robbez Masson SA

Fort Partners

Securitas

CBRE Global Investors

Safran

Splitmania

Asabys Partners

Afterpay

Work highlights

  • Advised BDT Capital Partners on the €6bn acquisition of global consumer water services provider Culligan International Group from Advent International and Centerbridge Partners.
  • Advised Idealista on the sale to EQT, a Swedish private equity firm.
  • Advised Iberdrola on the creation of a joint venture with Mapfre, to which Iberdrola will contribute solar photovoltaic and wind power assets with a potential joint production capacity of 1,000 megawatts.

CMS Albiñana y Suárez de Lezo

Acclaimed for its ‘extensive knowledge in M&A’, CMS Albiñana y Suárez de Lezo also excels in commercial contract, corporate governance and general corporate law matters. Managing partner César Albiñana leads the department, which is also home to Luis Miguel de Dios, a lawyer principally active in the energy sector, who serves as the key point of contact for German companies looking to enter the Spanish market. The team is also knowledgeable of the banking, food and beverage, automotive and infrastructure sectors, among others, and includes senior associate Guillermo Donadeu, who is increasingly instructed on high-end contractual mandates, including shareholder agreements.

Practice head(s):

César Albiñana

Other key lawyers:

Rafael Suárez de Lezo; Luis Miguel de Dios; Jose María Rojí; Carlos Peña; Mariano Bautista; Antonio Pino; Pedro Ferreras; Guillermo Donadeu

Testimonials

‘Good knowledge of the area. CMS has a plus over other firms.’

‘High specialisation. Very client focused.’

‘The team is very well led by senior attorneys who are involved, in depth and with dedication, in the client’s affairs. They are creative (they contribute very productive and viable ideas) and they work with order and technical seriousness.’

‘In general, the legal technical capacity is very high and full dedication; very satisfied on both counts.’

‘CMS has always been up to the task and well above the circumstances. Without a doubt, we will continue to count on CMS for future operations and Corporate / M&A issues. In addition to their extensive knowledge in M&A / corporate matters, they know the real estate sector very well and have a vision that goes beyond the pure legal point (commercial, business), which, without a doubt, helps a lot in this type of transactions. They have handled very complex situations with great ease and are always available and anticipate the needs of their clients. Whenever I can, I seek to work with them.’

‘The team are willing to invest in relationships, focus on commercial aspects of the law/transaction, ensuring that the clients interests remain in focus.’

‘Carlos Peña – focssed, determined and relationship driven.’

‘Pedro Ferreras has a great capacity for conflict resolution, a good disposition and excellent professionalism.’

Key clients

Macquarie Capital

Northland Power

Nordex

Hermes Infrastructure

Eni

Real Asset Advisers Limited

KKR

Iberdrola

Rubis Terminal

Boluda Corporación Marítima

Labelys Group

Mutares

Savills Aguirre Newman

Vueling Airlines

CAM Alternatives

Macquarie Capital

Northland Power

Nordex

Hermes Infrastructure

Eni

Real Asset Advisers Limited

KKR

Iberdrola

Rubis Terminal

Boluda Corporación Marítima

Labelys Group

Mutares

Savills Aguirre Newman

Vueling Airlines

CAM Alternatives

Work highlights

  • Advised Macquarie Capital on the acquisition of a majority stake in the fibre optic network in rural areas owned by MásMóvil, which will cover more than 1.1m Spanish households.
  • Advised Northland Power on its entry into the Spanish market through the purchase of a portfolio of renewable energy projects for a value of €1.06bn.
  • Provided advice to Eni on the disinvestment of its 50% shareholding in Union Fenosa Gas (UFG), sold to Spanish energy company Naturgy, which owned the other 50%.

DLA Piper

Hailed for its ‘technical knowledge and experience, coupled with a deal-maker profile’, international firm DLA Piper is home to one of the largest M&A practices globally. Its offering in Spain is spearheaded by José María Gil-Robles, who thrives in all stages of the M&A process, from tax and legal structuring through to due diligence and transaction documentation; he possesses a notable track record in leveraged buyouts and distressed M&A and is supported by Joaquín Echánove, noted for his ‘problem solving orientation’. The team routinely draws upon the expertise of its colleagues in tax, financial services regulation, corporate governance and employment to deliver a full-service offering.

Practice head(s):

José María Gil-Robles

Other key lawyers:

Joaquín Echánove; Enrique Chamorro

Testimonials

‘Technical knowledge and extensive experience coupled with a deal-maker profile that sets them apart from others.’

‘Joaquín Echánove stands out for his technical knowledge and extensive experience, through his problem solving orientation and innovative solutions.’

‘Very pragmatic, efficient, responsive.’

Key clients

Avenue Capital

Allianz Real Estate

Waterfall Asset Management

DDM-Group

Globant España Sau

Lineage Logistics Holdings

Nemetschek

Renta Garantizada

Formentor Capital Partners

La Saleta Care

Waterland Private Equity

Polhem Infra

Starwood Capital Europe Advisers

GED Iberian Private Equity

Adamo Telecom (EQT)

Colisée Patrimoine Group SAS (“Colisée”)

Sherpa Capital

Baluarte Capital

Cognita

Iberica Partners

Syna Capital Partners

Oxy Capital, SGFCR

Work highlights

  • Provided advice to companies owned by funds managed by Avenue Capital in the debt restructuring of listed company Quabit, and the subsequent merger of Quabit and Neinor and certain acquisitions of assets from the merged entity by Avenue Capital.
  • Advised Allianz Real Estate on the €140m acquisition of Elix Vintage Residential Socimi from KKR.
  • Advised Globant on the separate acquisition processes of Spanish companies BlueCap, Habitant and Walmeric.

EY Abogados

EY Abogados, hailed for its ‘profound and sound M&A experience’, is led by Francisco Aldavero, an M&A, commercial contracts and commercial disputes expert. He is supported by Susana Gómez Badiola, who is well versed in due diligence procedures, as well as Simeón García-Nieto, who focuses on the Catalonia market. Other key names include renewables sector specialist Pablo Tramoyeres and José Carnerero, who is especially active in the life sciences, audiovisual, retail and consumer fields.

Practice head(s):

Francisco Aldavero

Other key lawyers:

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

Testimonials

‘Professionals, very close and committed to helping their client.’

‘Rigorous when showing, explaining and writing the reports.’

‘Francisco Aldavero is one of the best M&A lawyers in Spain.’

‘Francisco Aldavero is outstanding in M&A / Private Equity.’

‘They have very profound and sound M&A experience and are very good and level-headed negotiators.’

‘Very dedicated team that was always on top of things with exremely short respone time.’

Key clients

Fielmann AG

Jakala S.p.a.

SCP Sintersa

Gens Aurea S.p.A.

VASS Consultoría de Sistemas, S.L.

Lácteas Garcia Baquero, S.A.

Intelligence Partners

Cellnex

Iberdrola

Repsol

Mobius Group

Fielmann AG

Jakala S.p.a.

SCP Sintersa

Gens Aurea S.p.A.

VASS Consultoría de Sistemas, S.L.

Lácteas Garcia Baquero, S.A.

Intelligence Partners

Cellnex

Iberdrola

Repsol

Mobius Group

Work highlights

  • Advised the shareholders of Angulas de Aguinaga on the sale of a majority stake in the company to Pai Partners and the partial reinvestment in the vehicle set up by Pai Partners.
  • Provided advice to Czech EP Corporate Group and VESA Equity Investment on the acquisition of 50% interest in the supermarket and consumer goods chains Caprabo and Cecosa from Eroski.
  • Advised Fielmann on the acquisition of an 80% equity ownership stake in Óptica & Audiología Universitaria.

Herbert Smith Freehills LLP

A Silver Circle firm, Herbert Smith Freehills LLP demonstrates a capacity for the full array of corporate and M&A matters; its lawyers are instructed on joint ventures, corporate governance and commercial contract matters, among a plethora of high-end transactions, and have recently deployed the firm’s far-reaching network to support on matters in Europe, Latin America, the UK and Australia, among other locations. Pablo García-Nieto jointly leads the offering alongside Alberto Frasquet, who was recently appointed as leader of the firm’s regional EMEA corporate practice. Nicolás Martín supports the duo, bringing over 30 years of transactional experience and an intimate knowledge of the energy and TMT sectors to the table.

Practice head(s):

Alberto Frasquet; Pablo García-Nieto

Other key lawyers:

Nicolás Martín

Testimonials

‘Very good. Much client focus and extensive knowledge.’

‘They have a lot of client focus. Pablo Garcia Nieto is the partner I work with.’

Key clients

Pamplona Capital Management

Antin Infrastructure Partners

PAI Partners

Cristian Lay

Asterion Industrial Partners

Magnum Capital Partners

DIF Infrastructure

BD Capital Limited

Blantyre Capital

Aventicum Capital Management

Cygnus Capital

Abac Capital

DeA Capital

Oquendo Capital

Peninsula Capital Partners

Alten Energías Renovables

Work highlights

  • Advised Antin Infrastructure Partners on the acquisition of a majority interest in Miya Group, a leading global efficiency-oriented water operator, from Bridgepoint.
  • Advised PAI Partners on the acquisition of a majority stake in Angulas Aguinaga Group.
  • Advised DIF Infrastructure on the acquisition of 33.34% of OHL’s stake in Nuevo Hospital de Toledo.

King & Wood Mallesons

A multinational firm headquartered in Hong Kong, King & Wood Mallesons is naturally active on the cross-border front, counting its excellent knowledge of the energy sector as a key distinguishing feature. Practice co-head Roberto Pomares works across a range of deals including acquisitions, disposals and restructurings; he is supported at partner level by Pablo Díaz, who is well versed in corporate governance matters, as well as Germán Cabrera, who is active in the infrastructure and sports fields. At the more junior end, counsel Teresa García is ‘great at facilitating multi-jurisdictional operations’.

Practice head(s):

Roberto Pomares; Carlos Pazos

Other key lawyers:

Pablo Díaz; Germán Cabrera; Teresa García

Testimonials

‘Very technical commercial/M&A team. Large team with lawyers with very relevant experience. Very active in many relevant operations in ESP. Very well set up team and with a lot of continuity among the senior KWM team. Known in the market and very effective. The backbone of the team has been together for many years and it shows in the quality of execution and coordination.’

‘Roberto Pomares: Great executor and safe pair of hands in any complex execution. Makes delivery of the firm in all its breadth, capacity to internally mobilise all KWM resources. A lot of experience. Good communicator and negotiator.’

‘Teresa Garcia has enormous potential to become KWM’s next partner after a long stint at the firm. Ability to execute complex transactions and simultaneously execute/generate her own clients and transactions. A lot of experience in infrastructure operations, renewable energy, telecommunications, education. Fluent English and French, greatly facilitating multi-jurisdictional operations.’

‘KWM distinguishes itself due to the profound knowledge of its clients and close working relationship that almost make it part of the internal team. Key team strengths and capabilities are the broad knowledge and expertise of its professionals, as well as absolute dedication and availability.’

‘I highlight the work of Roberto Pomares who provides a high level of excellence and dedication. He knows how to put himself in the client’s place and understands their needs perfectly.’

Key clients

Hayfin Capital

Hispasat

Artá Capital

Office Depot

Seaya Ventures

MAPFRE

Cargacoches

Centro Europeo de Estudios Profesionales (CEEP)

Comess Group

EDP Group

Galp

Sonae

Glendower Capital

Alantra

Capza

MCH Private Equity

Finerge

First Sentier Investors (formerly First State)

DWS

Portobello Capital

GED Capital

CMA CGM

Aurelius Group

Moira Capital Partners

Vocento

Axis Participaciones Empresariales

EDF Fenice

Dorsia Group

Work highlights

  • Provided advice to EDP on the transaction agreed with Macquarie that included the acquisition of Viesgo Distribution (75.1%), Viesgo Renewables (100%) and Viesgo Coal (100%) and the transfer of 24.9% of EDP’s Distribution business (E-Redes).
  • Advised Portuguese company Galp on the cross-border acquisition of the solar photovoltaic business of ACS Group in Spain, with a deal value of €2.2bn.
  • Advised Portobello Capital on the direct transaction of its portfolio companies Angulas Aguinaga and Industrias Alimentarias de Navarra (IAN) to a new fund in Luxembourg whose majority investor is HarbourVest Partners.

Latham & Watkins LLP

US firm Latham & Watkins LLP is praised for its ‘experience in significant energy-related transactions’, and it is equally formidable in the telecoms, real estate, hospitality and healthcare sectors. Practice head Ignacio Pallarés calls upon the firm’s extensive international footprint to support on matters throughout Europe, Asia, Latin America and North America; he is supported by M&A and joint venture expert José Antonio Sánchez-Dafos, as well as managing partner Ignacio Gómez-Sancha, whose track record includes takeover transactions, restructurings and special situations.

Practice head(s):

Ignacio Pallarés

Other key lawyers:

Jose Antonio Sánchez Dafos; Ignacio Gómez-Sancha

Testimonials

‘It is a very well coordinated team, led with great reliability by Ignacio Pallarés and very proactive in all phases of operations. I especially highlight its ability to find solutions that allow reaching agreements and successfully conclude negotiations.’

‘Absolute availability, great technical capacity and enormous practicality and creativity when approaching legal problems. I mainly highlight the work of Ignacio Pallarés.’

‘Experience in significant transactions in the energy sector, given the previous track record of the team’s top attorneys.’

‘The attention, speed and dedication of its lawyers. The technique and knowledge of the issues.’

‘Ignacio Pallarés differs in his dedication and knowledge of the subjects.’

Key clients

Telefónica

Repsol

Sener

Orange

X-Elio

Partners Group

Autogrill

Ric Energy

Wallbox

Demant A/S

Applus

Seaya Ventures

Work highlights

  • Advising Wallbox in its $1.5bn combination with Kensington Capital Acquisition Corp. II and subsequent listing in the NYSE.
  • Advising Telefónica on two joint ventures with KKR to create open access fibre optic networks in Colombia and Chile, for approximately $1bn.
  • Advising Platinum Equity on its €3.5bn of Spanish waste management company Urbaser.

Ramón y Cajal Abogados

At Ramón y Cajal Abogados, the team demonstrates a tenacity for private M&A, company law, commercial contracts, corporate governance and group reorganisations. The practice, which is especially knowledgeable of the finance, energy, property, infrastructure, TMT, IT and gaming sectors, is jointly led by Miguel García Stuyck, Alberto Alonso Ureba and Alvaro Bertrán. The team is frequently active on multi-jurisdictional deals, and is home to a number of lawyers with experience at international firms.

Practice head(s):

Miguel García Stuyck; Alberto Alonso Ureba; Álvaro Bertrán

Other key lawyers:

Alfonso Cárcamo; José Blanco; Antonio de Mariano

Testimonials

‘Consolidated and cohesive team. It allows agility and speed in the management of the issues.’

‘Closeness to the client. Tailor-made advice.’

‘Great experience of all members both in general and specific areas of each one of them. Proactivity and anticipation to manage the process. Availability and agility in responding to all requirements.’

‘All the people who participated in the process demonstrated great professionalism and deep knowledge of the subject. The leadership and coordination of Alberto Alonso Ureba was very effective. At all times I had the peace of mind of being advised by great professionals with total confidence in their recommendations.’

‘The team at Ramón y Cajal is excellent. Their availability, speed of response and quality of their documents are very good.’

Key clients

FROB (National Resolution Agency or Authority)

Liberbank

Royo Group

Abengoa

HANWHA Q CELLS, GMBH

Biosearch

Carmila España

Editorial Ecoprensa

Repsol Group

Enerparc

Solaer Holding

Openspring

Healthy Poke

Seur

Forestalia

QEnergy (Qualitas)

Spotlight Sports Group

Mediaset

Ayco

Vestas

Work highlights

  • Advised Bankinter and the purchaser (an SPV) on the acquisition of Montepino Logística and, indirectly, of 18 top logistics assets in Spain.
  • Acted as legal advisors to FROB, as the main shareholder of Bankia in its merger with CaixaBank.
  • Legal advisors to Liberbank on its merger with Unicaja.

Watson Farley & Williams LLP

Watson Farley & Williams LLP, originally founded in London, is geared to support on a variety of deal types, from share and company acquisitions, disposals and auction sales through to joint ventures, restructuring and project development. María Pilar García Guijarro is principally focused on the energy and infrastructure sector, with a track record of supporting on major deals in Europe, Latin America and the Middle East.

Practice head(s):

María Pilar García Guijarro

Other key lawyers:

Ana Lorenzo; Gonzalo Aranzabal

Testimonials

‘Professionalism, agility, dedication, diligence. The WFW team combines those qualities that are decisive when it comes to carrying out a successful business operation.’

‘Availability and professionalism. Business vision that allows aligning the client’s objectives with the firm’s actions. It translates into a very high efficiency in the legal process and therefore ensures the success of the operation.’

‘They must know not only the most advantageous and efficient rule in order to implement transactions, but also the most interesting negotiation conditions for the client based on the client’s profile and strategy. I think that the added value that the WFW team provides lies in its ability to advise commercially and economically, in addition to offering the best legal coverage.’

‘I recommend the team for its vision of the business, based on experience and the ability to put itself in the client’s situation beyond legal aspects. The constant availability of the partners, and especially the managing partner of the firm, who have supervised the smooth progress of the negotiations at all times.’

‘WFW team always demonstrated a deep knowledge of the market and its players which helped a lot my company in successfully growing in the country. The attention to the clients needs and the reliability are some of the key factors which make WFW one of the preferred firms to work with.’

‘Maria Pilar Garcia Guijarro is a serious and competent professional with great communication and negotiation skills. Passionate but also very rational when the situation requires. Very goal driven.’

‘It is a very competent team as well as commercial, they face problems from a practical point of view, proposing solutions and alternatives. They are proactive and decisive. Great experience in the energy sector and especially renewables.’

‘Office with international support, first-line service on par with other large offices of the Magic Circle  but at reasonable prices and a very close treatment. Especially good in negotiation processes where they are proactive and very collaborative with our corporate legal teams.’

Key clients

Bluefield Partners

Cerberus Capital Management

Caisse de dépôt et placement du Québec

Capital Dynamics Ltd

Copenhagen Infrastructure Partners (CIP)

CPPIB (Canada Pension Plan Investment)

Falck Renewables

Helios Energy Investment

Macquarie Capital

Noy Infrastructure & Energy Investment Fund

Octopus Renewables Infrastructure Trust plc

Ontario Pension Trust

Plenium Partners

Predica Enérgies Durables

REEF Development

Sonnedix

T-Solar

Work highlights

  • Advised Grupo T-Solar Global and its M&A advisors in relation to the due diligence tasks for the potential sale of Grupo T-Solar Global and thus, its portfolio of renewable assets in Spain and Italy.
  • Advised CIP on the acquisition, from Forestalia Group, of a portfolio of renewable wind assets under development with an aggregate capacity of c. 1,130 MW, located in the autonomous community of Aragón.
  • Advised CDPQ on its acquisition from Q-Energy group of a large-scale photovoltaic brownfield operating portfolio.

White & Case LLP

White & Case LLP has on-site Spanish and English law capabilities and is led by Juan Manuel de Remedios, a lawyer whose dual qualification in US and Spain makes him a go-to for transactions which involve the US market. He is supported by Carlos Daroca, a specialist in real estate-related M&A; Yoko Takagi, who ‘has an excellent technical grasp‘ of major transactions; and Julio Peralta, who is active across M&A, disposals, joint ventures and general corporate advisory mandates. The practice has handled a wealth of both public and private M&A transactions of late, though has been particularly busy in the renewables sector.

Practice head(s):

Juan Manuel de Remedios

Other key lawyers:

Carlos Daroca; Yoko Takagi; Julio Peralta

Testimonials

‘White & Case LLP is one of the most respected international firms in the Spanish legal market. The firm’s Madrid office has an excellent M&A team and maintains a strong foothold in the Spanish top-tier deals with a strong transnational link.’

Carlos Daroca has an outstanding understanding of both the practice area and his clients’ business and can be strategic and tactical. On top of that, Carlos is an impressive M&A lawyer; he is smart and cuts through the peripheral issues to give clear and practical legal advice. I always enjoy working with him.’

‘Yoko Takagi has an excellent technical grasp and is always willing to go the extra mile for her clients. She is excellent — in addition to being very efficient, she is practical and has a calm approach to the business of lawyering which gives her an edge over her peers.’

‘Julio Peralta is a rising star in the Spanish corporate market who generates acclaim for his strong grasp of public and private company M&A and governance work. He is also very practical, has good judgement and stays calm under fire.’

‘White & Case stands out for the quality of the service and the excellent advice it offers. They achieve this because Carlos Daroca is fully involved in the matters and offers advice that is difficult to match by other firms.’

‘What makes the White & Case team stand out is Carlos Daroca, without a doubt. Qualities: excellent service, a lot of experience, great ability to solve problems, great negotiator, high technical quality, total involvement’

‘Basically, what makes it unique is the quality of service that White & Case offers along with excellent legal advice. Carlos Daroca is completely involved and thereby manages to provide a much better service than other firms with which I have worked.’

‘Carlos Daroca has extensive experience in M&A, fully understands legal and business issues and is capable of offering solutions to any problem that may arise. His ability to negotiate and unblock situations that seemed unsolvable stands out.’

Key clients

Arjun Infrastructure Partners

Tink S.A.

Panasonic Corporation

Espiga Equity Partners SGEIC, SA

WAG Payment Solutions

Societe des Produits Nestle

Avangrid

Goldman Sachs

Eurazeo

CVC Capital Partners

JP Morgan

PQ Corporation

SoftBank

AMP Capital Investors Ltd.

IHS Holding Limited

Symrise

Altor Fund V

The strawberry Group

Klepierre

TDR Capital

ABB AG

Work highlights

  • Represented Arjun Infrastructure Partners on its acquisition of 49% of CI III Monegros Energy Holdco, which is the owner of 12 onshore wind farms in Aragon.
  • Represented J.P. Morgan, financial advisor to the Board of Directors of ACS Actividades de Construcción y Servicios, in ACS’s $5.75bn (€4.9bn) sale of its energy business to Vinci.
  • Represented ABB in the acquisition of the Spanish company ASTI Mobile Robotics Group.

Andersen

Lawyers at Andersen are adept in all facets of M&A, from both a buy-side and sell-side perspective, and are able to draw upon the firm’s wider proficiency in banking, privacy, fintech and regulatory matters when required. Practice head Ignacio Aparicio was recently appointed global leader of the firm’s corporate legal service line; he is extremely active on the multi-jurisdictional front and also leads the Cuban desk, supporting on inward investments into the nation’s infrastructure, agribusiness and funds sectors.

Practice head(s):

Ignacio Aparicio

Other key lawyers:

Javier Cubillo; Javier Bustillo; Jaime Aguilar

Testimonials

‘They are a team that reacts very quickly and flexibly to the requirements that arise in the day-to-day of our company. They cover all angles, with a highly competent multidisciplinary team.’

‘Jaime Aguilar has experience, availability and a lot of resolution capacity.’

‘Continuous monitoring of issues, client support, prompt attention and availability, the results obtained. Outstanding Partner: Javier Cubillo.’

‘Good communication between partners and lawyers. They provide international solutions, specifically with Costa Rica. They study different alternatives and scenarios in the meetings and always defending the interests of the client.’

‘We have met outside of business hours. They have answered all my questions and have been rigorous in the negotiation, always watching over my interests. Seriousness, professionalism, agility, speed and commitment define Ignacio Aparicio’s team.’

‘High knowledge of the subject, very good predisposition of the team and always positive attitude to seek solutions for the company.’

‘The proximity or closeness to the company team, their high preparation and the very active predisposition to help the company. I would highlight Ignacio Aparicio.’

‘The practice is very transversal, the areas work closely in a very consolidated way and also with a financial component that helps a lot in operations, with an area of accounting law that works directly with the financial advisers of the other party, without the need for attend, very helpful in pricing discussions.’

Key clients

Grupo Arum

The Island Rum Company SAS

Enerpac Corporation

Lladró

Enel Green Power, S.L.

Thales España

Imperial Brands

CompuGroup Medical SE

Brooklyn Fitboxing International

Aena Desarrollo Internacional SME, S.A.

Avanttic

Peoople

Nimgenetics

Selenta Group

EOS Spain

Repsol

Igenomix shareholders

SAS Fertilizantes

Mondo TV Studios

Work highlights

  • Represented Imperial Brands in the process for the sale of the premium cigars division of Spanish affiliate Tabacalera.
  • Advised Selenta Group on the sale of the company to the Canadian fund Brookfield Asset Management.
  • Advised Repsol in the constitution of Ekiluz, a joint venture created with the Krean Group, experts in structuring renewable projects, to promote citizen cooperatives for renewable energy generation.

Deloitte Legal

Lawyers at Deloitte Legal’s Spain offices form part of a 600-lawyer strong global corporate and M&A department, spread across 80 countries. The team is naturally extremely active on the cross-border front and is proficient at every stage of the transaction lifecycle, from negotiation through to execution. Practice head Sharon Izaguirre notably serves as company secretary for numerous corporations and is well versed in acquisitions, joint ventures, restructurings and divestments.

Practice head(s):

Sharon Izaguirre

Other key lawyers:

Ignacio Echenagusia; Francisco Mayor; Ignacio Sanjurjo; Cloe Barnils

Testimonials

‘The Deloitte Legal team were very knowledgeable about M&A practices and procedures.’

Sharon Izaguirre is outstanding and provides total involvement.’

‘It is necessary to have technical credibility in the areas of application. The Deloitte team has it; it is one of its great strengths. In addition, the high capacity for client orientation and their needs. Another very important competence is resolution, speed in the response and success in it. A clear qualitative difference is perceived in responding to all the client’s needs in a cross-cutting and multidisciplinary way. Another unmistakable strength.’

‘They work in a coordinated manner with different groups of specialised advisers in each of the aspects that are required at each moment of an operation. With that global vision, they give their recommendation, evaluating better pros and cons. In addition, they are concerned with knowing in detail the needs and characteristics of the advised company, which enriches their advice.’

‘Cloe Barnils is undoubtedly an exceptional professional, with diverse areas of expertise, both locally and internationally. This makes her advice more agile and focused on the needs of the client. Her approach, on the other hand, always eminently practical, looking for the best alternative in each case. She also monitors the topics, even when they are finished, to ensure that the objective has been reached.’

‘Their service was agile and close, They were always available to give their support regardless of the schedule, Very professional service,’

‘We needed a commercial team very coordinated with the tax team. At Deloitte the coordination was perfect. They also turn to the client, availability 24/7.’

‘I highlight Sharon Izaguirre for her availability and technical quality.’

Key clients

SAREB

GRUPO ILUNIÓN (ONCE AND FUNDACIÓN ONCE)

SILICIUS REAL ESTATE, S.L

ABAC CAPITAL, S.L

REPSOL

IDEALISTA, S.A.U

EL CORTE INGLÉS

RED ELECTRICA DE ESPAÑA

ENAGAS

ATRES ADVERTISING, S.L.U (ATRESMEDIA GROUP)

LEASYS SpA (FIAT GROUP)

ARTA CAPITAL

SIEMENS GAMESA

GRUPO PIÑERO

EROSKI

ADIDAS

BANCA MARCH

GRUPO BINTER

PRODUCTOS SUR, S.A (PROSUR)

Work highlights

  • Advised EROSKI Group on the drafting, negotiation and signing of the relevant legal documents for the transfer of 50% of the share capital of EROSKI Group’s business in Catalonia and the Balearic Islands.
  • Rendered legal advice to a client in the auction process for the sale (MBO) of PRODUCTOS SUR (PROSUR).
  • Advised GRUPO ILUNION on the negotiation and implementation of an investment agreement with Enagas, acquiring 20% of Gas2Move.

Dentons

Dentons, one of the largest firms globally, is well equipped to advise on all aspects of major transactions, providing specialist expertise in the energy, infrastructure, financial services, TMT and real estate sectors. Practice head Jesús Durán handles a mixture of M&A, buy-outs and divestment strategy matters, and has also carved out distinct expertise in the field of transactional insurance.

Practice head(s):

Jesús Duran

Other key lawyers:

Israel de Diego; Diego Pol; Nieves Briz; Natalia Ontiveros

Testimonials

Great professionalism and proximity, in addition to great availability.’

‘The ability to abstract and communicate the issues to be dealt with in a dynamic and proactive way, looking for the best scenarios for the purposes of results.’

‘The know-how of Diego Pol Longo is a differential point that gives a plus to the office.’

‘The team strength is about their expertise, and to their level of execution and excellence, with a global view always, but giving confidence as they look through every single detail with the proper diligence.’

‘I would mention that Nieves Briz and Natalia Ontiveros make the difference as per their ability to coordinate and collaborate internally and with the client. They are able to deliver a state of the art support and advice and they align internally to be coordinated constantly. You feel you have one only advisor in front of you.’

‘Competent, commercial, user friendly.’

‘Nieves Very is very practical, a deal maker.’

‘They are responsive, patient and capable of listening to clients.’

Key clients

Idealista

Imperial Brands

Statkraft

Kaisserwetter

Grupo Naturener

Hromatka Group

NexTracker

Sumitomo Corporation

Shanghai Electric Power Co.,

Applus

Sellers of Numintec Comunicaciones, S.L.

Apple

Vitrolife

Archroma

Idealista

Imperial Brands

Statkraft

Kaisserwetter

Grupo Naturener

Hromatka Group

NexTracker

Sumitomo Corporation

Shanghai Electric Power Co.,

Applus

Sellers of Numintec Comunicaciones, S.L.

Vitrolife

Archroma

Work highlights

  • Advised the management of Idealista on the €1.32bn sale of the company to EQT, a Swedish-based global investment company.
  • Advised private equity purchasers on the acquisition of Imperial Brands’ £1.1bn hand-rolled cigar business.
  • Advised Vitrolife – a Sweden-headquartered multinational focused on medical devices for in vitro fertilization (IVF) – on the acquisition of 100% of the share capital in Igenomix for €1.25bn.

DWF-RCD

The result of a 2019 merger, DWF-RCD distributes its expertise across public and private M&A, joint ventures, restructurings, day-to-day advisory matters and business establishment, from both an inbound and outbound perspective. Barcelona-based duo Adolf Rousaud and Ignasi Costas co-head the practice; the former also serves as DWF’s global head of corporate and is an expert in the automotive, innovation and sports sectors, while the latter is a go-to advisor for entrepreneurs seeking strategic alliances.

Practice head(s):

Adolf Rousaud; Ignasi Costas

Other key lawyers:

Iñigo Montesino-Espartero; Javier Olmos; Eduardo Nebot

Testimonials

‘The team is excellent, they have a lot of experience and they offer creative, focused and business-minded solutions. They are one of the best legal teams I have ever worked with.’

‘It is a team that is very easy to work with, they perfectly understand our needs, they have always been available when we have needed them and we fully trust them. I especially highlight Ignasi Costas, an exceptional lawyer who is a leader in his practice.’

ECIJA

Home to ‘top professionals’, ECIJA’s sizeable team consists of 50 lawyers and 20 partners locally; it recently added further depth to its ranks through the arrival of Borja Díaz-Guerra, former practice head of Benow Partners S.L.P., who joins with 14 years’ worth of experience in mergers, spin-offs, dissolutions, due diligence processes and restructurings. The ‘first-classEmilio Prieto is particularly integral to the practice and has garnered praise for his work on TMT-related deals.

Other key lawyers:

Magdalena Bertram; Emilio Prieto; Leticia Domínguez; Borja Díaz-Guerra

Testimonials

I would say that Écija is at the top of experts who know the world of startups and scaleups in Spain and therefore it requires less effort to involve them in operations because they are already up to date with the main parameters.’

‘Closeness, strength, agility, ability to adapt.’

‘The ECIJA team has great virtues: 1. They work side by side with the client as if they were one 2. They do not focus on fees, dedicating the hours necessary for the success of the project. 3. Great technical knowledge, in all matters.’

‘Borja Diaz is our lawyer of reference. 1 Closeness to the client. 2 Empathy with the customer. 3 Adaptation to customer needs. 4 Search for the optimal solution for the client.’

‘Pragmatic, timely and quality advice. Excellent value for money.’

‘Emilio Prieto is a first-class corporate lawyer and at ease with a wide variety of cross-border commercial transactions. He is great partner to work with on difficult deals.’

‘We are extremely satisfied with Écija, they are great professionals who know the sector very well and know how to air problem areas in companies (be it labor, balance, tax, etc.) of which many times we were not at all aware. In my experience, they are always available for a contact, and are very flexible in case a change of situation forces you to change your approach to work midway through. We have worked especially with Magdalena Beltrán.’

Borja Díaz Guerra is without doubt a high-flyer given, in particular, his relative young age. He has an understated approach to his work, meticulous attention to detail and always retains in mind the big picture for the client – very commercial. We also appreciate his international background and know-how which gives significant comfort to our international investors.’

Key clients

Jenoptik AG

The Boeing Company

Deutsche Boerse AG

Enimbos

Globomedia

Honeywell

Yahoo

Pfizer

M&C Saatchi

Melia Hotel Group

Sony

PREMO GROUP

BDI Group

CORPORATION SERVICE COMPANY (CSC)

GM Food Iberica

DHL

Atlético de Madrid Football Club

EOLIA

Conexo Ventures

Jenoptik AG

The Boeing Company

Deutsche Boerse AG

Enimbos

Globomedia

Honeywell

Yahoo

Pfizer

M&C Saatchi

Melia Hotel Group

Sony

PREMO GROUP

BDI Group

CORPORATION SERVICE COMPANY (CSC)

GM Food Iberica

DHL

Atlético de Madrid Football Club

EOLIA

Conexo Ventures

Work highlights

  • Advised Deutsche Boerse on a $15m investment round in Clarity AI, which is a Spanish fintech company that leverages Big Data and machine learning (ML) to help investors and traders understand the social impact of their investment portfolios.
  • Represented Jenoptik in the purchase of the entire share capital of Broxburn, holding company of a robotic group operating in the the automotive sector.
  • Advised on the purchase and sale of majority stake of Good Mood Productions to Mediawan.

Eversheds Sutherland

The lawyers at Eversheds Sutherland demonstrate proficiency in the full spectrum of corporate and M&A work. The practice has noted an uptick in its work of late, particularly on the cross-border front, and has responded through the hire of Ignacio Balañá, an expert in M&A carve-outs, joint ventures, corporate reorganisations and project finance; he serves as practice co-head jointly with Juan Díaz Hidalgo, an energy, finance and infrastructure sector specialist, as well as Carlos Pemán, who focuses his practice on the food, healthcare, technology and diversified industrials fields. Counsel Diego Cruz-Villalón provides the group with additional expertise in commercial contracts, demergers and shareholder agreements.

Practice head(s):

Juan Díaz Hidalgo; Carlos Pemán; Ignacio Balañá

Other key lawyers:

Diego Cruz-Villalón

Testimonials

The closeness of the entire team, including Juan Díaz Hidalgo and Carlos Pemán. In addition, they always provide the most effective and practical solution for each case that arises.’

Juan is always available and demonstrates a deep knowledge of the banking sector. We carried out an operation with him in the middle of a pandemic and the treatment and execution of the project was unbeatable. Of course, because of his knowledge, he has been a benchmark when making decisions internally.’

Speed, understanding of the problem, prudence and professionalism.’

Juan Diaz Hidalgo: the most remarkable thing is the professionalism, the discretion, the focus on the problem or issue to be dealt with and the realistic and honest feedback.’

Key clients

Sonnedix

Snozone

Singular Bank

ThechnipFMC

Sinclair Pharma

Nokia

Room Mate

Goal Systems

Avis

Northgate

Work highlights

  • Advised Sonnedix on the acquisition from Danish institutional investors of a photovoltaic plant portfolio consisting of 15 solar plants with a total capacity of 15.7 MW.
  • Advised Sinclair Pharma in relation to its acquisition of the Cocoon Medical group of companies.
  • Advised the US subsidiary of Japanese diversified group Sojitz Corporation on the acquisition from Spanish Grupo T-Solar of 51% of the share capital in two Peruvian companies which hold two solar PV plants.

Hogan Lovells International LLP

With an extensive office network, Hogan Lovells International LLP thrives in both inbound and outbound transactions, counting its knowledge of the technology, infrastructure, retail, life sciences and healthcare sectors as a key distinguisher. Practice head Alex Dolmans handles an array of M&A, commercial agreements, strategic alliances and joint ventures and is supported by Lucas Osorio, a lawyer who complements his transactional capabilities with extensive project knowledge, particularly within the PPP sphere. Counsel Eduardo Pérez is a lawyer to watch, often acting on secondary market transactions, corporate reorganisations and cross-border M&A. In a recent development, Felipe Vázquez was promoted to counsel in January 2022.

Practice head(s):

Alex Dolmans

Other key lawyers:

José María Balañá; Graciela Llaneza; Eduardo Pérez

Testimonials

‘Quality of the team, speed of responses and recommendations. Always focused on customer satisfaction and needs.’

‘Focus on the customer. Technically very prepared. A lot of experience in similar cases.’

‘They give you accurate and fast advice.’

‘Eduardo Pérez is our main contact. He is agile in answering and always provides a practical point of view according to our needs.’

‘Without a doubt, Hogan Lovells is a reference when looking for a legal advisor for transactions in the world of infrastructure.’

‘Lucas Osorio is an extraordinary lawyer and he knows how to carry a client-side transaction from start to finish.’

Key clients

TIIC Capital

HNA Group

Cintra (Ferrovial)

Mahou San Miguel

Alantra Partners, S.A.

Waterland

Acon Investments, L.L.C.

Rhenus SE & Co. KG

Korelya Capital

Mirae Asset – Naver Asia Growth Investment

Cranemere Group Limited

Vinccler

Sheela Foam Limited

RiverRock European Capital Partners LLP

Mutua Madrileña

Ardian

Tikehau Capital

AXA

Tresmares Private Equity

Portwest Unlimited Company

Sacyr

Codere, S.A.

InfraVia Capital Partners

Crédit Agricole

TIIC Capital

HNA Group

Cintra (Ferrovial)

Mahou San Miguel

Alantra Partners, S.A.

Waterland

Acon Investments, L.L.C.

Rhenus SE & Co. KG

Korelya Capital

Mirae Asset – Naver Asia Growth Investment

Cranemere Group Limited

Vinccler

Sheela Foam Limited

RiverRock European Capital Partners LLP

Mutua Madrileña

Ardian

Tikehau Capital

AXA

Tresmares Private Equity

Portwest Unlimited Company

Sacyr

Codere, S.A.

InfraVia Capital Partners

Crédit Agricole

Work highlights

  • Advised Acon Investments on its acquisition of a majority stake in Formación Alcalá, an e-learning platform for health professionals.
  • Advised Korelya Capital, a French investment fund, on the signing of an investment agreement worth $840m in used goods marketplace Wallapop.
  • Acted as part of a cross-border team which advised NYSE-listed AmerisourceBergen on its acquisition of Alliance Healthcare Businesses from Walgreens Boots Alliance, a $6.5bn transaction.

Jones Day

US firm Jones Day has an extensive global M&A platform, totalling 400 lawyers in 17 different countries; its Spanish offering directs its emphasis towards mid- and large-sized transactions, both domestic and international. The department acts across M&A, restructuring, corporate compliance and governance, company formation and joint venture mandates. Practice head Miguel Bermúdez de Castro often supports domestic players on their overseas expansion, especially in Latin America, and is accomplished within the infrastructure, construction, energy, real estate, media and healthcare sectors, among others.

Practice head(s):

Miguel Bermudez de Castro

Other key lawyers:

Federico Merino; Blanca Puyol

Testimonials

‘Very personal and business-oriented service.’

‘Miguel Bermúdez de Castro and Blanca Puyol are recommended.’

‘Very expert and up to date on everything.’

Key clients

Portobello Capital Gestión SA SGEIC

David Lloyd

Montepino Logística

CBRE Global Investors

Ferro Corporation

Entravision Communications

Iridium Concesiones de Infraestructuras

Web Financial Group

Work highlights

  • Advised Portobello Capital Gestion in connection with the acquisition by portfolio company Sitracon Spain of a majority stake in Legálitas Asistencia Legal.
  • Advised Portobello Capital on the acquisition by portfolio company Sabater Spices of BDS Natural Products, a California -based producer of botanical and spice ingredients in the North American market.

Roca Junyent

Present in Madrid, Barcelona and Bilbao, among other major Spanish cities, RocaJunyent Spain handles a range of commercial contract, M&A, corporate governance, restructuring, merger control and antitrust matters. Xavier Altirriba and Carlos Blanco jointly lead the practice, which is especially accomplished in the banking and insurance fields, and is also involved in an increasing number of telecoms and technology-related deals.

Practice head(s):

Xavier Altirriba; Carlos Blanco

Other key lawyers:

Joan Roca; Alex Llevat; Xavier Costa

Testimonials

‘Flexibility and agility in the relationship. Maximum availability. Great network.’

‘High availability and accessibility. Quick responses. Multidisciplinary team. In my opinion, they are better than other prestigious firms we have worked with.’

‘You can discuss the issues with them in understandable language. They listen and value your opinion.’

‘Personal touch, very professional and amicable at the same time.’

‘The Roca Junyent team has great legal knowledge and understanding of business reality. The work is carried out with rigor, punctuality and always offering a suitable solution. The documentation is correctly classified and is well tracked.’

‘The firm’s lawyers have a very close approach and a high degree of involvement with our problems. They can also maintain spoken and written communication in English.’

‘Although startups / scaleups do not represent the majority of their clients, they perfectly understand our needs. In addition, they are super focused on things moving forward, with quality but also with agility.’

‘Carlos Blanco and his team are magnificent professionals: they define practical solutions and execute them quickly and with excellence. In addition to being talented and professional, they are close and 100% available.’

Key clients

BANCO SABADELL

PALEX MEDICAL

CAIXABANK

JULIÀ GROUP

SINCH

ABE CAPITAL GROUP

ABEX EXCELENCIA ROBOTICA

NIEHOFF STRANDING TECHNOLOGIES

BANIJAY GROUP

MERIDIA CAPITAL PARTNERS

Bird & Bird

London-headquartered firm Bird & Bird is home to considerable expertise in M&A, joint ventures, restructurings and spin-offs, in addition to general corporate and contract law matters. The retail, consumer and healthcare sectors have been particularly fruitful fields of activity for the team recently, though practice head Lourdes Ayala is also an expert in technology and life sciences-related deals.

Practice head(s):

Lourdes Ayala

Other key lawyers:

Diana Sendagorta; Santiago Lardiés

Testimonials

‘The Bird & Bird M&A team is a team with 100% availability, extraordinary professionalism and a fast and decisive response capacity.’

‘Lourdes Ayala is extraordinary. She is quick to understand the business and the main issues, is always available and is very decisive, without counting on her extraordinary negotiation skills and knowledge of M&A work.’

Key clients

ABS GROUP

ACCORD HEALTH GROUP (INTAS)

ACTIVE BIOREGENERATION TECHNOLOGIES, S.L.

AIRCALL

ALVOGEN ICELAND EHF

ALVOGEN PHARMA TRADING EUROPE

AMC FRESH GROUP FAST MOVING CONSUMER GOODS, S.L.

AORA HEALTH, S.L.

AUTONOMY SPAIN REAL ESTATE SOCIMI S.A.

BACOA HOLDING, S.L.

BIOTECH DENTAL SAS

BORGWARNER INC.

BUY MY CAR

CANAAN RESEARCH AND INVESTMENT

CELOR SAS

CENDRIS, S.L.

CHEMINOVA AGRO, S.A. (FMC GROUP)

CLICARS SPAIN, S.L.

COSTA COFFEE

DAYCO EUROPE AFTERMARKET, S.L.

DXC

EDENIC GAMES, S.L.

EDUCTRADE, S.A.

EMCURE PHARMA UK LIMITED

ENOPASIÓN ESTUDIOS DE INGENIERÍA ENOLÓGICA, S.L..

ENOFESTIVAL, S.L.

EUROLOAN (MASH FINANCE) GROUP

EXACT SPAIN, S.L.

FERTINAGRO GROUP

FINDANGO FINANCE SL

FLEETMATICS IRELAND (VERIZON COMMUNICATIONS GROUP)

FLEXTRONICS INTERNATIONAL USA, INC

FRUTAROM INTERNATIONAL

GAMMA TELECOM HOLDINGS LTD

GERANIUM AB

GLOBAL FEED, S.L.

GROUPE SEB IBÉRICA, S.A.

GSN GAMES INC.

GUS UK MANAGEMENT LIMITED

HANES FRANCE

HARD ROCK LIMITED

HESKA CORPORATION

HJ HEINZ GOODS SPAIN, S.L.

HOMESERVE SPAIN, S.L.U.

ICEYE OY

ING BANK

INTER IKEA SYSTEMS BV

JOB & TALENT

JOLLIBEE FOODS CORPORATION

KASPERSKY LAB UK LIMITED

KFC RESTAURANTS SPAIN, S.L.

KONAMI DIGITAL ENTERTAINMENT CO., LTD.

LENOVO (BELGIUM) BVBA

LLAOLLAO ESPAÑA S.L.

LYOPHILISATION SERVICES OF NEW ENGLAND, INC

MOTHERCARE UK LIMITED

MSA EUROPE GMBH

NCR CORPORATION

NEXTRACKER SPAIN, S.L.

NUANCE COMMUNICATIONS INC.

OMNICELL INC

PERFORM MEDIA SERVICES LTD.

PHARMACTIVE BIOTECH PRODUCTS, S.L.

PHONE SERVICE CENTER, S.L.

PIZZAEXPRESS (FRANCHISES) LIMITED

POMONA KEEPERS, SL

PPG INDUSTRIES SARL

PRECISION MEDICINE GROUP INC.

QLIKTECH IBÉRICA S.L.

QUARTIERS PROPERTIES AB

RAYNER SURGICAL S.L.

REGUS

SEEDTAG ADVERTISING, S.L.

SERVICIOS DE TRAMITACIÓN Y FORMALIZACIÓN, SL

SPIN MOBILITY, S.L.

TAX DOWN, S.L.

TEMPUR SEALY INTERNATIONAL LTD

TERRACYCLE

TERVALIS DESARROLLO S.A.

TEVA PHARMACEUTICALS EUROPE BV

THE NEEDO, S.L.

THERMO FISHER DIAGNOSTICS, S.L.

TOM TOM B.V.

TOOGOODTOGO

TRANSICS TELEMÁTICA ESPAÑA, S.L.U.

TRIMAS CORPORACIÓN

TROGLOBYTES GAMES, S.L.

TRIPADVISOR, LLC

UNION GROUP

UNITED BIOSOURCE CORPORATION, S.L.

URTHECAST IMAGING, S.L.

VEGAN JUNK FOOD

VERIZON UK LTD

WE ARE KNITTERS, S.L.

WIDEX A/S

WORLD BULK WINE EXHIBITIONS S.L.

ZUORA UK LTD

Work highlights

  • Acting for PHARMACTIVE BIOTECH PRODUCTS in its entry into the share capital of the Pharmactive Group of the French investor SIPAREX GROUP.
  • Advising Inter IKEA on the formalisation and negotiation of the business related to a key software solution in its business strategy and a software as a service contract to be acquired by IKEA.
  • Advising Banco Santander as lead of the last equity round (series C) of Spanish start-up Housfy.

KPMG Abogados, Spain

Often active in cross-border deals, KPMG Abogados, Spain supports its clients through an array of disposals, acquisitions, joint ventures, corporate governance matters and share capital increase transactions. Eneko Belausteguigoitia Mateache leads the team, which possesses a notable track record in several different industries, such as media, retail, industrial and infrastructure.

Practice head(s):

Eneko Belausteguigoitia Mateache

Other key lawyers:

Rafael Aguilar; Luis Gómez; Javier Bau

Testimonials

‘Flexibility and dedication.’

‘Javier Bau. Dedication, perseverance, service and knowledge’

‘Great team, very solid and reliable, with extensive knowledge of the subject and relevant experience that allows us to offer clients solutions to the different challenges that arise.’

‘Rafael Aguilar, always ready to serve the client at any time and situation offering comfort and imaginative solutions.’

Key clients

COMSA Corporación de Infraestructuras, S.L.

Luarmia, S.L.

Healthcare Activos Yield Growth, S.L.U.

Telefónica Cybersecurity Tech, S.L.

Wasserman Group

Kuwait Petroleum Spain, S.L.

Repsol Nuevas Energías, S.A,

Mabena & Business, S.L.

Terrats Group, S.L.

Hitachi High-Tech Corporation

Work highlights

  • Assisted leading infrastructure firm COMSA Corporación de Infraestructuras with the sale of 100% of its subsidiary ADASA Sistemas to German investment fund SKion.
  • Acted on behalf of Luarmia, a leader in IVF services with 40 clinics across Europe and Latin America, on the €430m sale of a majority stake Eugin Group, of which Luarmia is part.
  • Acted as the sole legal advisor of Healthcare Activos Yield Growth in its acquisition of the entire share capital of Maquavit Inmuebles and, indirectly, a 50% stake in Maquavit’s subsidiary Provitae Servicios Asistenciales.

López-Ibor Abogados

López-Ibor Abogados is instructed on a plethora of different matters, from commercial and distribution contracts through to M&A, corporate structure design and shareholder agreements, among many others. Marta Gil de Biedma is noted for her experience in ‘all kinds of M&A transactions’ and co-leads the practice with real estate and hospitality deal specialist Carlos Trénor. A number of international companies feature in the team's client roster, partly owing to its dedicated French, German and Chinese desks.

Practice head(s):

Marta Gil de Biedma; Carlos Trénor

Other key lawyers:

Fernando Ramos

Testimonials

It is a team with a lot of practical sense, that looks for solutions so that the operations go out. Agile, flexible and efficient. We are very satisfied with their work.’

‘It is a law firm with as much sophistication as any of the great ones and with a craftsmanship dedication. Marta Gil de Biedma is one of the lawyers with the most experience and competence in M&A that I know.’

‘Marta Gil de Biedma is an excellent lawyer: she has done all kinds of M&A operations for clients of all kinds and has great common sense and ability to find creative solutions.’

‘Knowledge and agility in the responses, especially Marta Gil de Biedma and Carlos Trenor.’

‘Approach to the matter with pragmatic look to find solutions and safe but simple approaches.’

‘I consider that they are very reliable because they have a lot of great experience. I would highlight Marta Gil de Biedma and Carlos Trenor.’

Key clients

OSTENDORF KUNSTSTOFFE

NTS Navarra Tecnología de Software

EUROCEBOLLAS

Work highlights

  • Acted for OSTENDORF KUNSTSTOFFE in complex negotiations with a seller due to sensitive environmental contingencies until closing of a deal.
  • Avised NTS Navarra Tecnología de Software, a software solutions integration company specialised in mobility, on the transfer of a majority stock of the company.
  • Advised Eurocebollas on its sale to the private equity fund NAZCA.

Marimón Abogados

Established in 1931, Marimón Abogados counts its German, French and Italian desks as key points of differentiation; the practice advises on both M&A and daily corporate advisory services, acting on matters such as due diligence, shareholder agreements and transaction-related documents. Begoña Redón and Anahita Tárrega co-lead the practice, which caters to a number of players from the retail, leisure, industrial, energy and FMCG sectors.

Practice head(s):

Begoña Redón; Anahita Tárrega

Other key lawyers:

Philipp Kirchheim; Luis Marimón

Testimonials

‘I’d highlight the level of care and service, as well as honesty.’

‘Accessibility, absolute comfort with their advice and work capacity to be in several operations at the same time without the quality of work deteriorating.’

‘Accessibility. They are didactic so that the opposite party, who is not always professional, understands the structure of the operation. They are pro-deal lawyers.’

‘Team with dedication and commitment to its clients. Very good service. Technical capacity. Ease of treatment and agility in response. Competitive price and flexibility in the approaches. They enter (and coordinate) other areas when appropriate.’

‘Closeness and technical capacity at a very reasonable cost. Total commitment to its clients. Versatility.’

‘It is a very dynamic and capable department. The lawyers demonstrated a high degree of service-mindedness and responsiveness.’

‘Philipp Kirchheim is dual qualified in Spain and Germany. He understand the mindset of both jurisdictions and is highly recommendable for cross-border matters involving Spain and German-speaking countries. Very responsive and service-minded!’

‘Closeness, availability, knowledge.’

Key clients

Campofrío

Aninpro

Servinform

Grupo Cide

SEPI

Valsoft

The Valley

De Ruy Perfumes

Heineken

Henkell Freixenet

Work highlights

  • Acting for a healthcare industry client on the merger of two R&D centres of the Spanish holding in order to achieve a reorganisation of the business group.
  • Advised ICC on the sale of IBERCA.
  • Advised Story lab on the second round of its acquisition (the remaining 49% of shares) by leading Japanese Group DENTSU AEGIS.

ONTIER

ONTIER's corporate and M&A department handles a mix of domestic and cross-border transactions and is led by Pablo Enrile, a specialist in corporate law, transactions and financing, with specific expertise in the renewable energy, maritime and industrial sectors. The team is active in a number of infrastructure and energy projects across the Mediterranean and includes senior associate Víctor Artola Recolons, a lawyer who complements his prowess in M&A with an in-depth knowledge of private equity and capital markets matters.

Practice head(s):

Pablo Enrile

Other key lawyers:

María Jesús Dehesa; Víctor Artola Recolons; Francisco Fenoy; Bernardo Gutiérrez de la Roza

Testimonials

Immediacy, service, disposition and attention 24 hours.’

‘María Jesús Dehesa provides direct treatment, personal attention to the client and efficiency when solving problems; this makes her an essential ally to handle complex matters and solve them in a short time.’

Key clients

Fomento de Construcciones y Contratas, S.A. (FCC)

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

CMA CMG

Iberdrola

Iberdrola Renovables

Eliantus Energy

Ingenico

Duro Felguera

A&G

Grupo Dominion

Grupo Adelanta

Patentes Talgo

Ric Energy

Indra

Alstom

Cox Energy

Abei Energy Infraestructure

Kratos Integral

Ayesa

Innoliva

Work highlights

  • Advising Patentes Talgo on the consortium between 12 Spanish companies for the development of the high-speed project between Meca and Medina in South Arabia.
  • Advised Dentix on the sale of all of its Spanish business to Advent International.
  • Advised Kratos Integral on the sale of its stake (100%) in Spanish renewable energy sector company Energías Renovables y Desarrollos Alternativos to the German group Robur.

Pinsent Masons LLP

Pinsent Masons LLP directs its focus towards M&A, joint ventures and commercial agreements, in addition to general corporate and company law affairs. The practice is led by Antonio Sánchez Montero, a lawyer with a notable track record in representing both domestic and international players, and is especially active in the energy, infrastructure, technology and healthcare sectors.

Practice head(s):

Antonio Sánchez Montero

Other key lawyers:

Diego Lozano; Inmaculada Castelló; Borja Martín Ariza

Testimonials

‘A team very oriented to the needs of the client and very agile in solving issues.’

‘The relationship with the lawyers, especially with the partner, is exceptional.’

‘High commitment, depth of knowledge of the sector, excellent ability to work under pressure, good interaction and negotiation, extensive experience in M&A.’

‘Recommended for their commitment, experience, knowledge of the sector and negotiating capacity.’

‘Great team and technical knowledge. Business-oriented.’

Key clients

Portobello Capital Fondo IV FCR

Atrys Health, S.A.

Andbank España, S.A.

Student Properties Spain SOCIMI, S.A.

Polaris Equity Partners

Queka Real Partners S.L.

Indigo Infra España, S.A.

France Élévateur

Clipiso Desarrollo, S.L.

Miranza Inversiones Oftalmológicas S.L.

La Finca Global Assets Socimi, S.A.

La Finca Asset Management, S.L.

Sabio Europe Holdings, S.L.U. (Horizon Capital)

Suanfarma, S.A.

Work highlights

  • Advised Portobello Capital on the acquisition of a majority stake representative of 76.6% of the share capital of CAIBA.
  • Advised Andbank España on the purchase of shares representing 100% of the share capital of Bank Degroof Petercam Spain and several subsidiaries.
  • Advised Atrys Health on the acquisition of Global Telemed Systems, Lenitudes, Instituto de Estudios Celulares y Moleculares (ICM) and Aximed.

PwC Tax & Legal Services

PwC Tax & Legal Services handles an array of M&A, reorganisation and group rationalisation matters, commanding a particularly prominent reputation for its due diligence work. Javier Gómez Domínguez leads the practice, which is active in the finance, healthcare and retail industries, among others.

Practice head(s):

Javier Gómez Domínguez

Other key lawyers:

Jacobo Lavilla; Carmen Millán Cruz; Enrique Sánchez Herrero; Joaquín Serralta; Rafael Manchado

Testimonials

‘Total availability of the team, efficient, fast and complete service. It adapts perfectly to the needs and organisation of the company.’

Key clients

El Corte Inglés

Centros Comerciales Carrefour

Proeduca Altus

Gigas Hosting

CBRE GWS

Otsu Group

Envatios World

Kohlberg Kravis Roberts

Óptica del Penedés

Work highlights

  • Acted as legal advisor to Carrefour on its acquisition of Grupo Supersol.
  • Acted as legal advisor to Envatios World during the sale process of subsidiaries.
  • Advised the former shareholders of Optica Penedés on the sale of the company, with more than 80 stores in Spain.

Simmons & Simmons

Lawyers at the Madrid office of Simmons & Simmons operate in close alignment with their colleagues in the Middle East, Asia, London and the wider European region. They handle cross-border and domestic M&A, joint ventures, auction sales, demergers and corporate restructurings, among other matters, with specific expertise in the TMT, life sciences and finance sectors. Ignacio Domínguez Mateos, who joined the firm in 2021, is highlighted for his ‘exceptional knowledge of transactions’. Carlos Jiménez de Laiglesia has left the firm.

Practice head(s):

Ignacio Domínguez Mateos

Testimonials

‘Closeness to the client and collaboration with them when closing the M&A operation’

‘Ignacio Dominguez, exceptional knowledge of transactions, exquisite treatment with the client and born negotiator with the counterpart.’

Key clients

IMV Technologies, SA

Plukon Food B. V.

Nadella S. p. A.

Lyreco Management SAS

BlackRock Inc

Barclays Plc

Goldman Sachs

JP Morgan

Stage Entertainment

China Telecom (Europe) Ltd

PCCW Global BV

Norgine de España S.L.U.

Amicus Therapeutics S.L.

Valentino Spagna, S.L

Wemass Media Audience Safe Solution

Polaris Inc.

Inflexion Capital Partners

Ric Energy

European Energy

Blue Arrow

Auxadi

Work highlights

  • Acting for IMV Technologies in the acquisition of Tecnovet.
  • Advising US animation and movie studies Skydance with regards to the acquisition of the animation studio from Spanish company Ilion.
  • Advised Ric Energy on the sale of 300MW greenfield photovoltaic projects to Sonnedix.

Tribeca Abogados

Tribeca Abogados excels in commercial contract, M&A, private equity and corporate restructuring mandates. Practice co-head Juan Bezares brings over 20 years of experience to the table and is especially accomplished on the corporate advisory, joint venture and corporate reorganisation fronts. Core sectors of focus for the department include technology, healthcare and real estate.

Practice head(s):

Juan Bezares; Diego Ferreiro; José Miguel Mayayo

Testimonials

Tribeca Abogados is undoubtedly an outstanding firm that is distinguished by excellence in its professional advice. All the lawyers in the firm stand out for their technical solvency and extensive experience. The quality that makes them unique is their agility and precision to analyse and propose with the utmost diligence the optimal alternative in the defense of the interests of their client.’

Resolute when it comes to proposing solutions and putting them in motion. Focused on what is important and not delaying decision making. The partners I have worked with and who stand out in this section are Juan Bezares and José Miguel Mayayo.’

‘Very good availability and quick responses to the questions raised with explanations of the reasons for the recommendations and their legal bases. Monitoring of pending issues and monitoring of third parties involved. Better partner accessibility than other firm teams I have worked with.’

Listening to our goals, a plan was presented and clear explanations on how to properly set up and intelligently enter Spain were outlined. Tribeca is like family for not just me, but the entire team.’

‘Perfect knowledge and synchronisation with the client’s needs: they understand what the client needs and provide a robust and practical solutions.’

‘I have worked mainly with José Miguel Mayayo. His availability, his dedication, and his ability to understand the commercial and legal problem and propose practical and creative solutions are at the level of the best lawyers I know in Spanish territory.’

‘The strongest point is the dedication of the partners themselves, regardless of the size of the client.’

‘Exceptional lawyers, agile, effective, precise, efficient, great consultants who accompany the client in decision-making, always maximizing the client’s interests in a comprehensive manner. José Miguel Mayayo, Juan Bezares and Diego Ferreiro are especially recommended.’

Key clients

PHI INDUSTRIAL GROUP

NANOGAP SUB-NM-POWDER, S.A.

PANGAEA ONCOLOGY, S.A.

ORCHARD FRUIT COMPANY, SL

ATALAYA GENERACIÓN EÓLICA, SL

CYGNUS CAPITAL, SL

DIMOLDURA GROUP