White & Case LLP > Madrid, Spain > Firm Profile

White & Case LLP
Calle Velázquez 86D, 3rd floor
28006 Madrid

Spain > Banking and finance Tier 3

A popular destination for international financial institutions, White & Case LLP excels in cross-border syndicated lending, refinancing and restructuring matters, with a special emphasis on transactions with ties to Latin America. Working in collaboration with a sizeable team of finance lawyers based around the globe, the team is well equipped to advise an array of stakeholders, including banks, credit funds, alternative capital providers, sponsors and borrowers. At the helm of the practice, dual-qualified Fernando Navarro is counsel of choice for Spanish banks, international financial institutions and funds seeking assistance in syndicated and bilateral loans, structured products and debt capital markets. Jaime Rossi has significant experience in leveraged acquisition finance, real estate finance, syndicated lending and restructurings, both at the domestic and international level. Alfonso García Freire, who was promoted to counsel in January 2023, is also part of the core banking and finance practice.

Practice head(s):

Fernando Navarro

Other key lawyers:

Jaime Rossi; Julio Peralta; Alfonso García-Freire


‘Team with extensive experience in the energy sector.’

‘We work with Fernando Navarro and Alfonso García Freire. They are both very friendly and, as a positive point, very transparent with their invoices. ’

‘This firm is an example of collaboration, client service and diversity.’

‘Technical quality, availability, dedication to service and diversity. Alfonso García Freire is recommended.’

Key clients

Swiss Life Asset Managers and AXA investment Managers

Lenders to Apollo

Lenders to Stirling Square Capital

Benteler Group

International Commercial Banks

Banco Santander and Kommunalkredit Austria AG

Macintyre Wind Farm

Morgan Stanley Infrastructure Partners

Lenders in connection with the issuance of Nordic Bonds by Global Agrajes, S.L.U.


Naviera Armas

Lender and LC Provider


Credit Suisse International

Lightsource BP

Work highlights

  • Advised the lenders to Apollo in connection with its €2.1bn voluntary takeover bid over 100% of the shares in Applus.
  • Advised the lenders on the financing of Stirling Square Capital Partners for the acquisition of Grupo Gtt from AnaCap Financial Partners.
  • Acted for Swiss Life Asset Managers and Axa Investment Managers in connection with the acquisition of a 66% stake in Lyntia Networks from Antin Infrastructure Partners.

Spain > Capital markets: Debt Tier 3

Spain > Commercial, corporate and M&A Tier 3

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

Practice head(s):

Juan Manuel de Remedios


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

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

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

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

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

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

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

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

Key clients

Morgan Stanley Infrastructure Partners


Waterland Private Equity

MEDIAN Unternehmensgruppe

Naviera Bandama

Tikers Content Factory S.L.

Blantyre Capital


Lenders to Apollo

Axa – Swiss Life

Global Technical Realty


Serena Industrial Partners

Biosynex, S.A.

Work highlights

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

Spain > EU and competition Tier 5

White & Case LLP‘s antitrust and competition service offering was bolstered by the arrival of José Antonio de la Calle and Swedish-qualified Sanna Orkan in October 2023, following the integration of boutique firm DelaCalle Abogados. The firm now counts with a strong team of competition law specialists, who are skilled at handling a variety of mandates in this space, including merger control, damages claims, and litigation at the national and EU level. The group also provides assistance to clients with the design and implementation of European antitrust compliance programmes.

Practice head(s):

Sanna Orkan; José Antonio de la Calle

Key clients


A&G Private Bank

FSN Capital Partners

Electrolux AB

Median Unternehmensgruppe

Plukon Food Group

Rameder Anhängerkupplungen Und Autoteile

Snap-On Inc./ Snap-On Business Solutions

Tresmares Capital

Waterland Private Equity Invetments

Work highlights

  • Advised Waterland Private Equity and the Median Group on the acquisition of sole control over Hestia Group, providing representation in the merger control investigation before the CNMC.
  • Advised Tresmares and Qualitas on the acquisition of Avanzare Innovación Tecnológica and its subsidiaries.
  • Advised ANFAC on the antitrust implications of the Spanish Government’s incentive plan for electric and hybrid vehicle purchases to ensure compliance with regulations and promote fair competition in the market.

Spain > Projects and energy

Spain > Dispute resolution

White & Case LLP has an impressive international arbitration practice led by Ignacio Madalena, and continues to develop its commercial litigation practice under the leadership of the 'extraordinary' Francisco Málaga.

White & Case is an international law firm that serves companies, governments and financial institutions. Our long history as a global firm means we are uniquely placed to help our clients resolve their most complex legal challenges wherever they are.

Learn about the breadth of our industry experience

Explore how we deliver results for our clients

Discover where we work with our clients globally

Photo Name Position Profile
Carlos Daroca photo Carlos Daroca Partner
Alfonso García Freire photo Alfonso García Freire Counsel
Francisco Málaga photo Francisco Málaga Partner
Fernando Navarro photo Fernando Navarro Partner
Sanna Orkan photo Sanna Orkan Counsel
Ignacio Paz photo Mr Ignacio Paz Ignacio Paz is a partner in the Firm’s Global M&A / Corporate…
Julio Peralta photo Julio Peralta Counsel
Jaime Rossi photo Jaime Rossi Partner
Yoko Takagi photo Yoko Takagi Partner
Juan Manuel de Remedios photo Juan Manuel de Remedios Partner
José Antonio de la Calle photo Mr José Antonio de la Calle José Antonio heads the White & Case Antitrust and Competition practice in…