Clifford Chance > Madrid, Spain > Firm Profile

Clifford Chance
PASEO DE LA CASTELLANA 110
28046 MADRID
Spain

Spain > Banking and finance Tier 1

Singled out by one client as ‘one of the leading firms in the market‘, Clifford Chance is renowned for the breadth of its global financial markets practice, which covers leveraged and acquisition finance, debt restructuring, real estate finance, asset finance and syndicated lending. The team also has significant strength in structured finance; practice head Eduardo García, the ‘knowledgeableJosé Manuel Cuenca and newly promoted counsel Jesús Quesada are particularly active in this space. Other key areas of expertise include project finance, with a focus on the renewable energy industry, and financings in the sports sector, where the team counts the European Super League among its clients. Epifanio PérezRodrigo Uría and project finance experts José Guardo and Eugenio Fernández-Rico, who made partner in May 2022, are further notable contacts in the sizeable team. Recently promoted counsels Felipe Font, who specialises in refinancings and real estate finance, and María Sabau, an acquisition finance expert, also provide key support.

Practice head(s):

Eduardo García

Testimonials

‘Hiring the firm is always a guarantee of success. Experience, knowledge, proximity to clients and leadership in the market are their main strengths. In addition, it should be added that they are one of the leading firms in the market, which gives their lawyers a deep understanding of the dynamics of the sector.’

‘Epifanio Pérez and Ignacio Magariños make a very well-rounded partnership capable of leading complex operations at the highest level, striving to reach agreements between the parties without losing sight of their role as adviser to each party.’

‘A team with deep legal knowledge, which is very experienced, established (they have been working together for many years) and knowledgeable about the market. In addition, the office can provide support in other areas if necessary (for example, with derivatives).’

‘Epifanio Pérez and Felipe Font stand out.’

‘José Manuel Cuenca has an outstanding view of the banking and financial industry. He is very knowledgeable about existing legal issues. That makes all the difference to his advice.’

‘The team stands out for its proximity to clients, rigour and timely handling of matters.’

‘Great availability to assist clients and facilitate a good outcome in a timely manner.’

‘Ignacio Magariños provides a great service and is always willing to collaborate.’

Key clients

European Super League

CaixaBank

Natixis

Banco Santander

Morgan Stanley

Credit Agricole Corporate and Investment Bank

EQT

Pemberton Asset Management

Brookfield

Värde Partners

Work highlights

  • Advising a number of Spanish listed companies, including Cellnex Telecom and Enagas, on the remediation of all syndicated and bilateral facilities which reference USD LIBOR, GBP LIBOR and CHF LIBOR for the purpose of the IBOR transition.
  • Advising a pool of approximately 30 financial institutions, led by NatWest as agent, on the refinancing of Telefónica’s €5.5bn revolving syndicated facility, which is linked to two key ESG performance indicators (social and environmental).
  • Advised Real Madrid on the additional financing granted to fund the costs of unforeseen works in the initial remodelling project of the Santiago Bernabéu stadium in Madrid.

Spain > Capital markets: Debt Tier 1

With 'great knowledge of the sector, market and regulator', the team at Clifford Chance is noted for its advice to foreign and domestic banks and financial institutions on the issuance of various instruments, with significant experience in sovereign bonds; in a recent highlight, the practice advised the managers on the Kingdom of Spain's €5bn inaugural green bond issuance. Another key area of strength is in securitisations, with the team advising Spanish originators and international arrangers on both domestic and pan-European transactions. Eduardo García heads the global financial department, while other key contacts include Yolanda Azanza, José Manuel Cuenca, a specialist in securitisation, derivatives and financial regulation, and UK-qualified Antonio Henríquez, who focuses on international capital markets transactions. Securitisation specialist Jesús Quesada, who was promoted to counsel in May 2022, and senior associates Francisco Pizarro and Leonardo Fernández are also names to note.

Practice head(s):

Eduardo García

Testimonials

‘Clifford Chance is always a safe bet for fixed income trading matters. It is present in the most demanding operations and has an experienced team that has been together for many years, which demonstrates excellent coordination.’

‘I would like to highlight Yolanda Azanza and Francisco Pizarro. They have excellent technical quality. They propose creative solutions to the most complex problems and always go above and beyond, providing support in other matters aside from the legal issues.’

‘Leonardo Fernández Rodríguez is very responsive and practical, and I appreciated the good working relationship he maintained with opposing counsels, which often prevented legal issues from becoming commercial bottlenecks.’

‘When hiring a firm, what we are looking for is excellence, rigour and availability – all aspects that we have found in this team. It also has the sensitivity to understand the client, both from a business perspective and during the transaction.’

‘I would like to highlight the personal treatment of clients by all the people in the team and, especially, Yolanda Azanza and Francisco Pizarro. The difference with respect to other competitors lies in their availability, friendliness and resilience – since in this type of operation there are always last-minute changes that are not always favourable and the team have always been available.’

‘Excellent work by the entire team, from the participating partners to the most junior lawyers. Great knowledge of the sector, market and regulator. The value for money is very good for the time spent and the expertise received.’

‘I would especially highlight Antonio Henriquez for his enormous knowledge and experience in bond issuances, and his close communication and availability when required on our part.’

Key clients

Barclays Bank

Caixabank

HSBC

Mapfre

Kutxabank

Goldman Sachs

Abanca

Crédit Agricole

Eurocaja Rural

Citigroup

Banco Santander

Carrefour Servicios Financieros EFC

European Investment Bank

Altamar

BBVA

CACIB

Nomura

Work highlights

  • Advising the managers (Banco Santander, BBVA, Barclays, Credit Agricole, Deutsche Bank and JP Morgan) on the €5bn inaugural green bond issuance of the Kingdom of Spain.
  • Advising Banco Santander (as originator, protection buyer, paying agent and servicer) regarding the securitisation fund Pymes Magdalena 5 in connection with the synthetic securitisation of a portfolio of corporate loans.
  • Advising BBVA, as originator, and Europea de Titulización, as management company, on the securitisation of mortgage loans assigned to the public Spanish securitisation fund BBVA RMBS 20 Fondo de Titulización by means of the issuance of CTHs (certificados de transmisión de hipoteca).

Spain > Commercial, corporate and M&A Tier 1

One of the illustrious Magic Circle firms, Clifford Chance is routinely involved in heavyweight transactions throughout the telecoms, energy, infrastructure, financial services, sports, entertainment and media sectors. The seven-partner team is spearheaded by Luis Alonso who holds the distinction of having overseen the creation of the proposed and highly-publicised football competition, The Super League; he operates across M&A, takeover, joint venture and corporate finance transactions and is supported by Jaime Velázquez who is a formidable name on both the transactional and corporate governance fronts, honing his focus on highly regulated industries. Javier Amantegui provides the group with expertise in LBO transactions, meanwhile consultant Javier García De Enterría is a seasoned name for takeover bids and corporate restructurings. Elsewhere, Guillermo Guardia is a standout name in the Barcelona market with both transactional and finance capabilities and the team is also home to two promising counsels in the form of Pablo Murcia and Javier Hermosilla, both of whom have played an active role in several market leading deals of late. Clients also recommend senior associates Miguel Barredo and Jorge Martín.

Practice head(s):

Luis Alonso

Testimonials

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

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

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

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

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

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

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

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

Key clients

Abanca

ACS

Allianz Capital Partners (ACP)

Altamar Capital Partners

Ardian

Athletic Club de Bilbao

Asterion Industrial Partners

BNP Paribas

Brookfield

Caisse de Dépôt et Placement du Québec (CDPQ)

Cellnex

China Three Gorges

Cinven

Corporación Financiera Alba

Cubico Sustainable Investments

Eni

EQT

European Super League

F.C. Barcelona

Iberdrola

Key Capital

KKR

Masmovil

Mubadala

Real Madrid C.F.

Santander

Sixth Street

Stirling Square Capital Partners

Telefónica

Ufinet

Värde Partners

Vauban Infrastructure Partners

Work highlights

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

Spain > Dispute resolution Tier 1

Clifford Chance has a well-established reputation in Spain, and its 'very sophisticated' litigation and arbitration department is no exception. Blue-chip companies, investment funds and venture capital firms regularly seek the team's assistance in complex disputes, including those with €1bn+ at stake. Given the international firm's broad geographic presence, it is no surprise to see it handling litigation with multi-jurisdictional aspects, and its Madrid office is an integral part of the firm's cross-office Latin America practice, acting for Spanish and global clients with operations in that region. Ignacio Diaz has an active role in the LatAm initiative. The firm also fields a dispute resolution team in Barcelona, which is particularly focused on IP litigation; Miquel Montañá and Josep Montefusco are key contacts in that office. International arbitration is another core area of focus for the department as a whole. Practice head Fernando Irurzun 'combines a great technical rigor with a great knowledge of human psychology, which makes him unique for the resolution of legal disputes'. Fernando Giménez-Alvear, who was promoted to counsel in May 2022, and associate Adrián Crespo are also singled out for praise.

Practice head(s):

Fernando Irurzun

Other key lawyers:

Iñigo Villoria; Ignacio Díaz; Miquel Montañá; Josep Montefusco; Alexandra Borrallo; Fernando Giménez-Alvear; Adrián Crespo; Eduardo Hernández

Testimonials

‘Very good knowledge of Spanish law and international arbitration, very good client service, with pragmatism and incomparable response time.’

‘The experience of working with the arbitration team at Clifford Chance has been magnificent.’

‘In addition to being great professionals, they know their client well and offer legal solutions that are in line with commercial or business needs.’

‘The different teams of lawyers at Clifford Chance Barcelona with whom I have been working are lovers of their profession, which translates into dedication to study and understand matters in depth, in the continuous study of legislative and/or jurisprudential developments, as well as in learning about how the market moves in a certain sector; they are educated and well prepared. They have the capacity and resources to take on litigation of a certain complexity and scope, which clearly makes them stand out.’

‘Adrián Crespo, due to his knowledge and way of working and raising issues, has become a trusted person in the Group.’

‘Fernando Irurzun is a great professional who combines a great technical rigor with a great knowledge of human psychology, which makes him unique for the resolution of legal disputes.’

‘It is a team highly specialised in litigation and arbitration. In addition, it is very sophisticated, keeping up to date with advances and changes (especially in arbitration). They have also been able to quickly understand very specific problems.’

‘Fernando Irurzun and Fernando Giménez-Alvear have been two absolutely exceptional lawyers for me. With them on my side, I feel calm.’

Key clients

Airbus Group

Athletic Club

A22 Sports Management, S.L.

Banco Santander, S.A.

BDO Auditores, S.L.

Construtora Queiroz Galvão S.A.

Distrito Castellana Norte, S.A.

Ernst & Young España

European Super League Company, S.L.

Fútbol Club Barcelona

Grenergy Renovables, S.A.

H.I.G. Capital

HSBC Bank plc

Ilustre Colegio de Abogados de Madrid (Madrid Bar Association)

Indra Sistemas, S.A.

Instalaciones Inabensa, S.A. (Abengoa Group)

L’Oréal España, S.A.U.

Mediacomplex, S.A. (Hines group)

Mibansa, S.A. and Locatio Inversiones

Moncobra, S.A.

Nokia Spain, S.A.

Patentes Talgo, S.L..

Pierre & Vacances

Real Madrid Club de Fútbol

S.A. de Obras y Servicios, Copasa

Samsung Electronics Iberia, S.A.U.

Siemens Rail Automation S.A.U.

Steag GmbH

Unibail Rodamco Westfield

Vingroup

Vodafone España, S.A.U.

Work highlights

  • Advising the European Super League in legal proceedings against UEFA and FIFA requesting a declaration that they are abusing their dominant position in the European internal football market.
  • Acting as counsel to HSBC Bank in highly publicised lawsuits brought by an individual against Banco Santander and HSBC as a result of his removal from the management bodies of Abengoa.
  • Representing Vingroup in a post-M&A dispute related to its acquisition of a 51% stake in Mundo Reader through its subsidiary Vintech.

Spain > EU and competition Tier 1

Clifford Chance's 'stellar' practice assists an impressive roster of Spanish and international clients with high-profile EU and competition matters in the sports, TMT, food, industrial, energy and aviation sectors. In particular, the team stands out for its expertise in multi-jurisdictional merger control cases involving key players in the telecoms industry. Other areas of strength include state aid, cartel and abuse of dominance cases before the EU and Spanish competition authorities and courts. Practice head Miguel Odriozola is highlighted for his 'vast knowledge' of competition law, with a focus on restrictive practices and merger control in the TMT sector. Counsels Begoña Barrantes and Belén Irissarry, who was promoted in May 2022, senior associate Ana Latorre and associate Diego Doménech are also names to note.

Practice head(s):

Miguel Odriozola

Testimonials

‘Clifford Chance has a stellar competition practice with an incredible team, who are open minded and ready to offer the best quality advice in the Spanish market. They are extremely cooperative and integrate seamlessly with clients’ in-house teams.’

‘Miguel Odriozola has vast knowledge of competition law and works together with his team to successfully resolve problems through a detailed study of the issues, always providing value-added solutions. He also has a great understanding of the issues and of clients’ needs. The rest of the team is also very impressive. Begoña Barrantes and Ana Latorre are both fundamental to the team and are very practical in their approach.’

‘Begoña Barrantes stands out for her great technical strength.’ 

‘A large team backed by a multidisciplinary firm that allows specialists from other areas of law to be brought in when the situation so requires.’

‘The Clifford Chance competition and EU law team is unique because of its close relationships with the client and level of involvement in each case, which I have never seen before. The team’s focus on looking out for the client’s interests, knowing the case perfectly and seeking out what is best for the client is unprecedented.’

‘The lawyers get involved in the case with a passion that I haven’t seen before. They want to help and put themselves in the client’s shoes. I would highlight the work of Ana Latorre and Diego Doménech in this regard.’

‘Clifford Chance’s competition and EU law practice remains a benchmark for us in Spain. It is the team we go to for matters that are most important to the company. This decision is the result of recognising the team’s technical excellence and intelligence in its strategic approach to matters before the European or Spanish competition authorities.’

‘The team have the intelligence to convince the authorities and resolve our cases. They work with us to facilitate the formation of a project team with our in-house lawyers. They have excellent technical legal training and business knowledge, and the team is led by a partner (more so than in any other law firm we have worked with). Miguel Odriozola and Belén Irissarry deserve to be highlighted.’

Key clients

Telefónica

Samsung

Superleague (Key Capital)

Oracle

Carrefour

Çimsa (Sabanci Group)

Saint Gobain

easyJet

IAG

Endesa

Banco Santander

Cartonajes International, S.L. (International Paper)

Nokia

Värde Partners

Software AG

Iberdrola

Ontex

Cirrus (currently DTN)

Megasa

Freyssinet

Ardian

Brookfield

Cinven

Restaurant Brands Iberia (Burger King)

Work highlights

  • Advising Key Capital on the creation of the Super League, a new European football competition launched as an alternative to the UEFA Champions League, including representing the client in a hearing before the European Court of Justice relating to UEFA’s potential monopoly position.
  • Advised Telefónica Tech on a series of merger control cases, including in relation to its €350m acquisition of Germany company BE-terna and related notification to the German competition authority.
  • Represented Megasa in an investigation before the CNMC into a cartel for the purchase of scrap metal and successfully achieved the closure of the case.

Spain > Industry focus: Healthcare and life sciences Tier 1

The healthcare and life sciences department at Clifford Chance remains a ‘go-to’ firm in this space, fielding a team ‘made up of very experienced lawyers in the sector’ benefiting from extensive knowledge ‘about the problems of the industry’. In particular, clients seek the team for its ‘excellent quality of work’, with key areas of expertise including IP, patent litigation, regulatory work and M&A transactions. The group is led by a four-partner team in Barcelona; ‘benchmark‘ partner Miquel Montañá and Josep Montefusco head the dispute resolution offering, Guillermo Guardia spearheads corporate matters, while Carme Briera showcases a strong specialism on the regulatory front. Associate Adrián Crespo combines IP and dispute resolution experience to support the team on IP and unfair competition proceedings.

Other key lawyers:

Testimonials

‘The team is made up of a group of very experienced lawyers in the sector, knowledgeable about the problems of the industry and with a portfolio of clients that allows them to benchmark. Especially strong in the drug pricing and reimbursement system, among other specialties. Very few teams in other firms in Spain have the industry knowledge that Clifford Chance has.’

‘The experience acquired after years of specialization is an important plus for this team. The team has the figure of Miquel Montaná, a benchmark in Spain and Europe in his specialty. Miquel is fully involved in the firm’s affairs and contributes his knowledge from decades of full dedication to the life sciences sector.’

‘They are lawyers with a lot of experience and knowledge in the matter. Excellent quality of work.’

‘Clifford Chance attorneys are very efficient. The quality of their work is excellent as well as their response time. They are very close with the client and have the ability to explain technical issues to legal and business profiles.’

‘The Clifford Chance IP team is one of the ‘go-to’ teams for Life Sciences/IP work in Spain. Their pragmatic and responsive approach, combined with their depth of knowledge means that they are often a key part of the multi-jurisdictional teams a client may assemble.’

‘Josep Montefusco, Adrian Crespo and Ana Beneto are a formidable team advising on technical and strategic IP matters in the Life Sciences sector. Their depth of knowledge, coupled with their responsiveness and their pragmatic approach makes them extremely effective and highly valued by clients.’

Key clients

Exact Sciences

Illumina Cambridge Limited

Edwards Lifesciences

UCB Pharma

Esteve Pharmaceuticals

Bial Portela & Cª

AstraZeneca

Pfizer Inc

Novartis

F. Hoffmann-Roche

GlaxoSmithKline

BioNtech

Theratecnologies

Grunenthal

Daiichi Sankyo

Menarini

Teva

Biogen

Boehringer Ingelheim

Astellas

Nutrition & Santé

Phunciona Gestión Hospitalaria

Work highlights

  • Representing a world-leading provider of genomic-based diagnostic tests in the field of cancer in patent infringement proceedings against competing entities accused of patent infringement.
  • Representing Illumina in patent infringement proceedings against MGI Latvia Tech SIA and Commercial Rafer.
  • Representing Pfizer in a reorganisation project involving the separation of its consumer health division.

Spain > Intellectual property: Copyright Tier 1

With an international network of offices to rely on for additional expertise, the renowned Clifford Chance‘s IP team offers comprehensive advice on licensing, market strategy, infringement and litigation in relation to copyright issues. Sought by clients operating in a wide variety of sectors, the firm is retained by national and multinational consumer goods, retail, biotechnology, media, pharmaceutical, telecoms and industrial companies. Seasoned IP expert Miquel Montañá leads the Barcelona-based practice, with extensive experience in IP dispute resolution. Josep Montefusco, co-head of the firm’s tech practice, supports the team in litigation, unfair competition and advertising law, with senior associate Juan Cuerva de Cañas also noted.

Practice head(s):

Key clients

Sixth Street

ILovePdf

Nippon Telegraph and Telephone Corporation

Tencent

Abanca

Key Capital Partners

Nikken Sekkei

Nord Anglia Education

HILTI Corporation

Lilly

Barcelona City Council

Work highlights

  • Advised Sixth Street on the acquisition of a 10% share of F.C. Barcelona’s LaLiga audiovisual rights for 25 years.
  • Advised the promoters of the European Super League on the design of the structure of (i) copyright and (ii) audiovisual rights.
  • Advised Abanca on the acquisition of Novo Banco in Spain, including handling all copyright and IT issues resulting from the acquisition.

Spain > Intellectual property: patents Tier 1

The intellectual property team at Clifford Chance is recognised for its extensive cross-border patent litigation expertise, offering ‘real depth‘ when protecting a range of clients' assets. With a notable focus on the life sciences and healthcare sector, the firm’s client portfolio features a mix of domestic and international clients from the consumer goods, retail, biotechnology, media, pharmaceutical and telecoms industries. As a ‘star player‘ in the market, Miquel Montañá leads the team’s efforts in Barcelona, working alongside the ‘extremely knowledgeableJosep Montefusco, who acts as the co-head of the firm’s tech practice, and associate Adrián Crespo, noted for his ‘great analytical mind‘.

Practice head(s):

Other key lawyers:

Josep Montefusco; Adrián Crespo; Fernando Cerdà Belda

Testimonials

‘They have the best patent litigation lawyer in Spain, which is Miquel Montañá. The technical level of the people that make up the team is excellent, as is their knowledge of the pharmaceutical sector.’

‘They are simply the best Spanish IP litigators, both in counselling and in representation before court.’

‘Miquel Montañá has an incredibly sharp mind, is very experienced and is a great fighter for his client’s interests in court. Couldn’t wish for a better lawyer.’

Josep Montefusco is extremely knowledgeable in patent matters and an excellent counsellor for all Spanish IP matters.

Adrián Crespo is a great analytical mind with excellent knowledge of both English and German.

‘Miquel Montañá is a star player in Spain. His depth of knowledge of IP law is unrivalled. He is creative, practical and very client friendly.’

‘The team has real depth to its subject matter expertise – i.e. skilled legal professionals who are also completely on top of the business sector. They also work in partnership with the in-house team and understand the commercial realities of any given situation.’

‘Josep Montefusco is an outstanding patent lawyer and patent litigator. Fernando Cerdà Belda, under the tutelage of Josep, looks like a rising star within the patents team.’

Key clients

Novartis

UCB Pharma

F. Hoffman-La Roche

Glaxosmithkline

Sanofi

Bial-Portela

Pfizer

Janssen

Amgen

Regeneron

Illumina Inc.

Edwards Lifesciences

Exact Sciences

Laboratorios Esteve

Daiichi Sankyo

Bristol-Myers Squibb

Biogen

Astrazeneca

Eli Lilly

Henkel

Grunenthal

Viatris

Love Digital Factory

Biontech

Nokia

Samsung

Work highlights

  • Representing a provider of genomic-based diagnostic tests for cancer in patent infringement proceedings against competing entities accused of patent infringement.
  • Representing Illumina in patent infringement proceedings regarding two patents.
  • Representing Nokia in multi-jurisdictional patent enforcement proceedings brought in Europe against two major Chinese mobile manufacturers in relation to telecoms patents.

Spain > Private equity Tier 1

One of the illustrious Magic Circle firms, Clifford Chance is coveted by private equity houses, in addition to infrastructure and pension funds, for headline deals across the telecommunications, energy, healthcare, consumer, infrastructure and industrial sectors. Javier Amantegui leads the practice, routinely acting on big-ticket MBOs and LBOs, and is supported by Samir Azzouzi who provides the team with an in-depth knowledge of banking and natural resourced-related deals. Beyond partner level, Javier Hermosilla made counsel in May 2022, and is particularly accomplished within the retail and financial services sectors, meanwhile associate Patricia Puertas and senior associate Jorge Martín have accumulated significant exposure to major deals, domestic and cross-border alike.

Practice head(s):

Javier Amantegui

Testimonials

‘They are very commercial and understand the strategy and priorities of the clients.’

‘All team members are very well-prepared and contribute.’

Key clients

Allianz Capital Partners (ACP)

Altamar Capital Partners

Ardian

Arjun Infrastructure

Artá Capital

Asterion

AXA IM

Blackstone

Brookfield

Caisse de Dépôt et Placement du Québec (CDPQ)

Cinven

Corporación Financiera Alba

EQT

Hedosophia

Key Capital Partners

KKR

Mubadala

Partners Group

Sixth Street

Stirling Square Capital Partners

Swiss Life

Värde Partners

Vauban Infrastructure

Work highlights

  • Advised Cinven’s portfolio company RB Iberia on its the purchase of 158 Burger King restaurants located in Portugal and Spain from Ibersol; and, previously, advised Cinven on the agreement reached with RB Iberia’ shareholders for its EUR 1 billion acquisition of a majority stake in RB Iberia’s share capital.
  • Advised Masmovil, which is controlled by Cinven, KKR and Providence, on the friendly takeover bid over Euskatel, with an enterprise value of EUR 3.4 billion and equity value of EUR 2 billion. This has been the most significant transaction in the Spanish telecommunications market in 2021.
  • Advised Mubadala and Trafigura on the sale of Minas de Aguas Teñidas (MATSA) to Australian mining and exploration company Sandfire Resources, for USD 1.9 billion. This was the 8th largest global mining M&A deal globally in 2021.

Spain > Projects and energy Tier 1

Clifford Chance‘s energy department has an impressive reputation in the field, with ‘perfect command’ of complex regulatory, corporate and M&A, global financial markets and dispute resolution work, complemented by a ‘very reliable knowledge of the industry’ and a ‘very fine understanding’ of issues in the field. Such matters encompass administrative procedures, financing and market-defining acquisitions, with transactions and greenfield projects in the clean hydrogen and hydrogen transport sectors representing growing areas of work for the team, which is co-led by Jaime Almenar and José Guardo, active in dispute resolution and global financial markets matters, respectively. Also noted are regulatory specialist José Luis Zamarro and the recently promoted Eugenio Fernández-Rico, an expert in energy transactions. Regulatory efforts are backed by Clara Alcaraz, a key figure from the senior associate ranks.

Practice head(s):

Other key lawyers:

José Luis Zamarro; Eugenio Fernández-Rico; Clara Alcaraz; Eduardo Sanchez; Gabriel Miranda; Alejandro Cubillo

Testimonials

‘It is a well-prepared team with an excellent technical level. It fully understands the business.’

‘Its particular knowledge of the business and excellent legal advice. They perfectly understand the sensitivity of the client.’

‘The Clifford Chance team has a perfect command of the subject and also puts at the client’s disposal tools and documents that greatly facilitate the work and the successful outcome of the operation.’

‘The Clifford Chance team have extensive experience structuring transactions of all kinds and always provide prompt and excellent support.’

‘Eduardo Sánchez is one of the best lawyers both in the field of structured financing with project and PPA negotiation. Alejandro Cubillo also provides excellent treatment and support with great attention to detail and practical solutions to get transactions closed in a timely manner.’

‘Very reliable knowledge of the industry, very fine understanding of the complex integrated green hydrogen system, creativity regarding the design of legal and financial solutions.’

‘Its qualities are an ability to listen to the needs of all stakeholders and to design adapted solutions.’

‘Eduardo Sanchez stands out enormously by combining great commercial capacity and negotiating skills with solid technical knowledge and a high degree of involvement. He has great leadership skills. Gabriel Miranda has great technical knowledge and know-how. Jose Guardo contributes a lot of value and lets his great team shine. Its great reputation is well deserved.’

Key clients

Iberdrola

Endesa

Soladvent

Repsol Renovables

Eni

Grenergy Renovables

China Three Gorges

Galp Energia Group

Finerge

Elawan

AIP Management

Atlas Renewable Energy

Grenergy

Cubico

Banco Santander

Natixis

Forestalia

Ardian

Vauban

Solarpack

Solaria Energía

Work highlights

  • Advising Hydeal Asturias on a project consisting of the construction and operation of a full-value-chain green hydrogen project, comprising generation, transportation and supply.
  • Advising Iberdrola on highly strategic regulatory issues as members of the exclusive group of its regulation committee.
  • Advising Mubadala on the sale, jointly with Trafigura, of Matsa.

Spain > Public law Tier 1

Clifford Chance‘s public law department, which often collaborates with the litigation and dispute resolution group at the firm, is ‘exceptional in both its knowledge and its pragmatic approach to matters‘ surrounding regulatory aspects of headline-grabbing transactions. Among recent highlights, the team successfully represented Endesa before the Supreme Court in an appeal based on public procurement rules, while also acting as a consistent member of Iberdrola’s regulation committee. Jaime Almenar, ‘an impressive lawyer because of the solidity of his knowledge‘ heads the team, with high involvement in energy regulation, financial regulation, public procurement and environmental law matters. Supporting him in Madrid is José Luis Zamarro, with counsel Carme Briera another standout practitioner, backing the team from Barcelona; senior associate Clara Alcaraz is also recommended.

Practice head(s):

Testimonials

‘The team has a high level of technical training and what makes them different from other firms is the number of senior officials who not only have extensive knowledge of the subject, but also have information on the functioning of the Administration and the area of competence of each department.’

‘They have expanded the subject matters of this practice, incorporating expert lawyers so that they provide a comprehensive and very complete service, something that clearly differentiates them from other firms.’

‘Their status as State Lawyers and experts in the field and their availability to attend to emergencies and queries that may arise. Jaime Almenar and José Manuel Cuenca are held in high regard.’ 

‘Clifford Chance’s public law team is exceptional in both its knowledge and its pragmatic approach to matters. Couldn’t be happier with them for the results they get.’

‘They know the matter in detail, they are very fast and agile. Jaime Almenar is an impressive lawyer because of the solidity of his knowledge in a way that you are always sure you are going to get the best possible result.’

‘Jaime Almenar’s contributions are certainly of great value, they have complemented the work of other lawyers and help the client find solutions to very complex problems.’ 

‘Its practical vision to find solutions. Leadership in meetings. Mastery of public contracting and its final results.’

‘It is worth highlighting the work of Fernando Irurzun and Clara Alcaraz.’

Key clients

Iberdrola

Endesa

Hydeal Asturias

British Telecom

Dragados

Cellnex

Sacyr

Fertiberia

Ares Capital

Grupo Moove

King Street, Taconic, SVP and Attestor

Phunciona Gestión Hospitalaria

Gestión y Técnicas del Agua

Construcciones y Auxiliar de Ferrocarriles

Griñó Ecologic

Red Eléctrica de España

UTE Analiza

Abertis Mobility Service

Ercros

Mubadala

Denarius Metals

Oracle

Delivery Hero

Bytedance

Work highlights

  • Advising Cellnex on public procurement and telecoms matters, including a number of cassation claims before the Spanish Supreme Court.
  • Secured a landmark ruling in favour of Endesa on public procurement rules in the electricity sector.
  • Advising Hydeal Asturias on the feasibility phase of a project consisting in the construction and operation of a full-value-chain green hydrogen project in Spain.

Spain > Real estate and construction Tier 1

The multidisciplinary team at Clifford Chance is able to call on the firm's global office network in cross-border matters, and shows particular expertise in portfolio acquisitions, disposals, development, joint ventures and corporate acquisitions. The department extends its service to a variety of clients, including insurance, property and development companies, as well as international funds. Carlos Portocarrero de las Heras leads the team and represents a breadth of international real estate investors, while María Pradillo is particularly knowledgeable in real estate finance, and Andrés Berral is a senior associate to note.

Practice head(s):

Carlos Portocarrero

Other key lawyers:

Testimonials

‘Experience, knowledge of the market, availability, and speed.

‘They are professional, and have resources from other areas as it is a multi-disciplinary team.’

‘Knowledge of the business and pro-deal focus.’

‘Clifford’s lawyers in addition to their magnificent legal training, connect with the client and their needs, and are always looking for solutions.’

Key clients

Banco Santander

Cerberus

AXA

BentallGreenOak

Unibail Rodamco Westfield

Sareb

Schroders Capital

Värde Partners

Carrefour

Prologis

Kennedy Wilson

AIG Asset Management

Emin Capital

GMP

Primonial

Hellenic Bank

NWH REIT

Zanda Reim

Numa stays

Tendam

Work highlights

  • Advised an institutional investor on a build-to-rent transaction consisting of the creation of a joint venture with Azora to develop, own and manage 8,000 residential units in Spain.
  • Advised Cerberus on the acquisition of a portfolio of approximately 2,400 assets from Banco Santander.
  • Advised AXA on the joint sale by AXA, CBRE IM and Greystar of the largest student residences platform in Spain to PGGM for an approximate aggregate value of €800m.

Spain > Capital markets: Equity Tier 2

Clifford Chance‘s equity capital markets team has a strong track record of advising on IPOs and rights issues, private placements, delistings and share capital increases (including by means of accelerated bookbuild offerings), with experience in cross-border transactions. The team also frequently works alongside the firm’s tax and real estate departments to advise on the listing and delisting of Socimis. Eduardo García leads the global financial markets practice, while Yolanda Azanza and consultant Javier García de Enterría, who is noted for his ‘great technical knowledge’, are also key contacts.

Practice head(s):

Eduardo García

Other key lawyers:

Testimonials

‘The team has great flexibility and response times, as well as always being available. In addition, the team has direct access to the regulator and other actors related to the capital markets, which is very helpful as it facilitates certain aspects of very complex transactions.’

‘Javier García de Enterría has a great technical knowledge and great negotiating skills, and is fully involved in the matters he is responsible for, with a prestigious reputation that is recognised by other lawyers in the market.’

Key clients

Eletrobras

Masmovil

EQT

CaixaBank

Grupo Ezentis

HSBC Continental Europe

P3 Spain Logistic Parks SOCIMI

Allianz Real Estate

Codere

Hadley Investment SOCIMI

Work highlights

  • Advising Centrais Elétricas Brasileiras S.A. (Eletrobras), Latin America’s largest utility, as issuer in connection with its international offering and placement of its common shares outside Brazil.
  • Advising Citigroup and others on the share capital increase by means of an accelerated bookbuild offering with the exclusion of pre-emption rights of Grenergy Renovables.

Spain > Environment Tier 2

A one-stop shop for projects, the team at Clifford Chance advises clients on all aspects of environmental law. The firm is well versed in project financing, transactional work and M&A, and often advises its clients on the complex environmental aspects of commercial and property transactions, renewable energy projects and sustainable financing. Public law specialist Jaime Almenar heads the team, while Jaime Velázquez is noted for his expertise in M&A and corporate law. Senior associate Clara Alcaraz leads the firm’s Clean Hydrogen Taskforce and is actively involved in the environmental practice.

Practice head(s):

Testimonials

‘This is a very new practice that requires continuous study and updating by lawyers. The international dimension of the firm, compared to others of a local scope, allows knowing the trends in other geographies and anticipating possible regulatory initiatives, as well as transferring business opportunities to the client in the transition towards a low-carbon economy.’

‘Jaime Velázquez and Jaime Almenar have been pioneers in this practice and are permanently updated on the applicable regulations, which are very detailed and profuse. They are two very complete, experienced, and highly trained lawyers, with a transversal vision and very focused on the client.’

Key clients

Iberdrola

Endesa

Hydeal Asturias

Red Eléctrica Española (REE)

Fertiberia

Gestión y Técnicas del Agua (Gestagua)

Griñó Ecologic

Mubadala (Matsa)

Denarius Metal

ACS

China Three Gorges (EDP, Nexwell)

EQT

Sterling Square Capital Partners (SAS)

Eni

Steag

Work highlights

  • Advised green hydrogen project Hydeal Asturias on the feasibility phase of the project, comprising generation, transportation and supply.
  • Advised the managers on the inaugural green bond of the Kingdom of Spain (€5bn) due 30 July 2042.
  • Advised chemical products manufacturer Fertiberia in relation to the provision of a guarantee of €65.9m required by the Spanish National Court to ensure the execution of restoration/environmental regeneration works under the project to close decanting basins in Huelva.

Spain > Industry focus: TMT Tier 2

Clifford Chance is recognised for its ability to stay ‘up to date on technology‘, with a strong foothold in the telecoms, media and technology spaces, an offering spearheaded by dispute resolution specialist Jaime Almenar, who has a ‘very quick, sharp and practical mind‘. Also active on the dispute resolution front, Barcelona-based counsel Carme Briera is a key figure, with corporate specialist Luis Alonso also noted.

Practice head(s):

Other key lawyers:

Testimonials

‘What makes Clifford Chance’s practice unique is that in addition to knowing about TMT, they are solid lawyers in other practices (this is civil and administrative law), which differentiates them.’

‘They are up to date on technology and have good contacts in the regulator. They are the most robust and reliable on the market.’

‘Legal solidity, the speed with which they resolve issues and the breadth of their knowledge.’

‘In my opinion they are number one in TMT in Spain. Jaime Almenar is a brilliant lawyer. What sets Jaime apart from the other attorneys is that he has a very quick, sharp and practical mind. He is a very solid lawyer.’

Key clients

KKR

Másmóvil

Cellnex Telecom

Ufinet

Ardian

Arjun Infrastructure Partners

FMC GlobalSat Holdings

Vodafone

British Telecom

Talkdesk

European Super League Company

A22 Sports Management

Real Madrid

FC Barcelona

Athletic de Bilbao

Tencent

Sixth Street

ITV Studios Limited

Telefónica Cybersecurity & Cloud Tech

Abertis Mobility Services

Key Capital Partners

Work highlights

  • Advised KKR on the sale by Telxius of its telecoms towers division to American Towers Corporation for €7.7bn.
  • Advised Ardian Infrastructure on the agreement reached with EQT to acquire 100% of Adamo.
  • Advised Vodafone on a new tender to allocate rights of use for radio spectrum for 5G.

Spain > Insurance Tier 2

The insurance department at Clifford Chance advises major pension funds, banks, insurance brokers and distributors on the full array of contentious, regulatory and corporate matters. The team is particularly adept in multi-jurisdictional insurance and reinsurance corporate transactions, and closely collaborates with the firm's antitrust, M&A and real estate departments, among others, to assist insurance clients. Jaime Velázquez is well versed in corporate governance and M&A in the energy, telecoms and financial sectors, and leads the team with senior associate Miguel Barredo. Associate Juan Valcárcel often advises on insurance undertakings in joint ventures, bancassurance agreements and portfolio transfers.

Practice head(s):

Jaime Velázquez; Miguel Barredo

Other key lawyers:

Testimonials

‘Clifford Chance’s insurance team has extensive industry operations experience and members who have been dedicated to this area since its inception. They work very well with other offices.’

‘Clifford Chance’s team has delivered outstanding work regarding insurance to us. They have thorough knowledge of the sector and take advantage of their full service offering to provide top notch and complete advice. They provide detailed and solid advice very swiftly and are particularly knowledgable and proficient in insurance regulatory matters and insurance M&A.’

‘Miguel Barredo is an outstanding lawyer. He is fast paced, but always on point, and has deep knowledge of the sector.’

‘Juan Valcárcel has good skills in insurance law.’

Key clients

Abanca

Admiral

AXA Partners

Domestic & General

Fidelidade

JP Morgan

Mapfre

Mutua Madrileña

Reassure

Reliance National Insurance Company

Swiss Re

WiZink Bank

Zurich

CGICE

Work highlights

  • Advised Zurich on the sale of its Spanish medical malpractice insurance run-off business to UK-based reinsurer Riverstone by means of an innovate transaction structure.
  • Advised Mapfre on its successful €500m subordinated notes issue intended to qualify as a Tier 3 instrument for the purposes of insurance solvency regulations.
  • Advised Admiral Group on the sale of Admiral’s price comparison business, including Confused.com in the UK and Rastreator.com in Spain, and the group’s technology operations, Admiral Technologies.

Spain > Restructuring and insolvency Tier 2

The 'very solid' team at Clifford Chance is experienced in advising creditors and debtors on high-profile restructurings and insolvency proceedings. The team counts domestic and cross-border matters as core strengths, and is also active in transactions involving distressed companies. Eduardo García, who heads the firm's global financial markets department, leads the restructuring side of the practice. Other key contacts include Epifanio Pérez, the 'exceptional' Rodrigo Uría and counsel Felipe Font. Iñigo Villoria heads the insolvency practice, with key support from senior associate Alexandra Borrallo.

Practice head(s):

Iñigo Villoria; Eduardo García

Testimonials

‘Very good knowledge of the subject matter.’

‘A very solid team with great knowledge of the restructuring and insolvency practice area. Their work is very organised and this gives clients a feeling of security about the management of these files, which in most cases are very complex. I fully trust the team, who are always seeking to contribute ideas and solutions.’

‘The team members are great lawyers and very committed to their work. Always available to assist and provide the best service. I would like to highlight Felipe Font, with whom I have had the pleasure of being able to work on several projects. I have always had a very good experience.’

‘The team stand out for their specialist knowledge, technical credibility and effectiveness. They give you confidence in their advice. They have extensive knowledge of the subject and are very up to date with the regulatory changes. They get to know their clients well so they can adapt advice to their requirements. Good management of resources, immediate responses and the ability to resolve issues.’

Reliability and technical strength with great knowledge of the client. The best customer service. Rodrigo Uría and Felipe Font are exceptional.’

‘The team is very professional, experienced and solid. Having them on board is an asset.’

‘Both Eduardo Garcia and Felipe Font have a deep understanding of restructuring and insolvency matters. Eduardo is a seasoned professional with a lot of experience. Felipe is an outstanding lawyer with strong legal skills. Working with both of them is a great opportunity to learn from professionals with a lot of experience.’

Key clients

Angelo Gordon

Eroski

Codere

Banco Santander

King Street

Strategic Value Partners

Taconic

Attestor

BBVA

HSBC

ING Bank

Raiffeisen Bank International

Amsterdam Trade Bank

Magnetar Capital

Pepe Jeans

Bank of America Merril Lynch International DAC

Varde (Vía Celere)

Blackstone (Fidere)

Eurona Wireless Telecom/Global Satelite Technologies

Work highlights

  • Advised Angelo Gordon and Westmont Hotels on the pre-pack acquisition of Spanish hotel group Room Mate, following the insolvency declaration and completion of the company’s restructuring.
  • Advised the Codere Group on the restructuring round which resulted in a change of the ownership structure.
  • Advised a global investment manager on the €157m refinancing of Hotels & Resorts Blue Sea group’s debt.

Spain > Tax Tier 2

The ‘excellent‘ tax team at Clifford Chance advises on the tax aspects of large-scale M&A deals, corporate restructurings, debt capital markets and financial transactions, with a particular emphasis on the structuring of high-profile real estate investments. The practice, which counts a wide range of leading Spanish and international banks, financial institutions, funds and sovereign funds within its client roster, is also strong in advising on tax audits and litigation, and has notable expertise in international tax regulations. Pablo Serrano De Haro leads the team; he is supported by experienced counsel Roberto Grau, who focuses on the tax aspects of financial and capital markets transactions, and senior associates Fernando Escribano and Julia Villalón.

Practice head(s):

Pablo Serrano de Haro

Other key lawyers:

Testimonials

‘It is a firm with a very good international network and they are very aware of business practices in other countries.’

‘In our latest project, Pablo Serrano and Fernando Escribano have done an incredible job of coordinating with their foreign offices and have defended the interests of their Spanish client as if they were their own. And they have demonstrated a deep understanding of complex business structures and their tax implications.’

‘The team has great technical strength, in both tax and regulatory and corporate matters. It offers unified global advice which is seamless, exhaustive, thorough and at the same time concise. They are exceptional experts in tax relating to financial services and products, offering fast, practical and precise solutions.’

‘They stand out for their absolute availability to the client, the great support they provide without ever giving up their efforts, analysing the issues in depth and always thinking of the client’s perspective, and the kind treatment and humility with which they pass on their extraordinary knowledge, based on practice and experience. I would like to highlight Roberto Grau in the tax practice.’

‘An excellent understanding of tax practices in Spain. 100% availability and professionalism.’

‘The team stand out for their great capabilities, network and ability to find creative solutions in a short space of time. Deep knowledge of market practices’

‘The team is excellent.’

‘Great technical knowledge and practical strategies.’

Key clients

Värde Partner

Autonomy Capital

BentallGreenOak

Kennedy Wilson

Allianz Real Estate

P3 Spain Logistics Parks SOCIMI

Hadley Investments SOCIMI

Banco Santander

Cerberus

Work highlights

  • Advising P3 Spain Logistic Parks SOCIMI, S.A. on the tax aspects of a cross-border restructuring transaction.
  • Advising Real Madrid C. F. on the tax structuring of its strategic agreement with Sixth Street and Legends.
  • Assisting the European investment platform of several private investment funds managed by a large US financial entity, with the tax structuring of its Spanish investments.

Spain > Intellectual property: Trade marks Tier 3

With a unified global network to provide support, Clifford Chance‘s intellectual property team is often sought by clients with a presence in the healthcare and life sciences companies, banks, TMT companies, funds, and consumer goods manufacturers. Led by renowned IP dispute specialist Miquel Montañá in Barcelona, the team’s multidisciplinary approach covers advisory and litigation services, with infringement and nullity actions, trade mark license agreements and opposition proceedings taking centre stage. Other key contacts include dispute resolution expert Josep Montefusco, co-head of the firm’s tech offering, and senior associate Sonia Sebé.

Practice head(s):

Other key lawyers:

Key clients

Samsung

GB Foods

Uriach

Lindt

Honda

Philip Morris

Affinity Petcare

The European Super League

Vivo

L’Oréal

Westfarmers

Novartis

Henkel

Work highlights

  • Advising the organisers of the European Super League on the registration of the “Super League” trade marks and in cancellation proceedings brought by the Danish League of Football against one of said trade marks.
  • Representing a leading manufacturer of pet food products at the hearing of a trade mark case before the General Court of the European Union.
  • Representing one of Spain’s leading food and beverage companies in infringement proceedings concerning a food product.

Spain > White-collar crime Tier 3

Clifford Chance‘s corporate crime, compliance and internal investigations team offers expertise in bribery, money laundering, environmental crimes, internal investigations and regulatory compliance. Acting as an integrated branch of the firm’s litigation and dispute resolution group in the country and the wider regulatory investigations and financial crime global practice, the firm’s client list features a range of notable names in the TMT, manufacturing, real estate and banking industries. Dispute resolution expert Fernando Irurzun is accompanied by white-collar criminal law specialist Carlos Zabala at the helm of the department, benefitting from the support of senior associate Sonia Trendafilova, who is active in relation to criminal and regulatory enforcement.

Other key lawyers:

Testimonials

‘Excellent professional knowledge and empathy with the client.’

‘The team understands the business and is able to dimension the risks properly, giving advice consequently and carrying out investigations in a discreet and professional manner.’

‘They understand the client’s distress with different issues and makes them feel comfortable.’

Key clients

Vingroup

BT España

HIG

Stargroup

Saint Gobain

Samsung

Interbalear

Evolution

Vía Célere

AIG Europe

Matrix Renewables Spain

Nike

Lazard Asesores Financieros

Greenoak

Instituto de Empresa (IE)

Barclays

Elewan Energy

BBVA

Brookfield

Synlab Europe

Cinven

China Three Gorges Europe

Work highlights

  • Advising BBVA on international sanctions in relation to the situation in Ukraine.
  • Representing a leading telecoms company in criminal proceedings involving allegations of violation of corporate secrets, use of inside information, fraud and damages.
  • Representing China Three Gorges Europe in anti-bribery and corruption, anti-money laundering and sanctions related issues in the context of its acquisition of a Spanish solar plant portfolio.

Spain > Employment Tier 5

The tax, pensions and employment group at Clifford Chance is noted for advising leading companies in the pharmaceutical, banking, retail and energy sectors. Among its key areas of work, the team is often retained for matters regarding incentive plans, restructurings, contracts for senior management and the employment aspects of M&A transactions. Jorge Martín-Fernandez heads the department alongside Pablo Serrano De Haro. Former practice head Juan Calvente left the firm in October 2022.

Spain > Data privacy and data protection

Clifford Chance has a strong focus on dispute resolution, representing clients before the Spanish Data Protection Agency and in administrative proceedings before other relevant forums.

Latin America: International firms > Corporate and M&A

Clifford Chance has an extensive record in energy and infrastructure transactions in Latin America. It is also at the forefront of advising private equity and financial sponsors on their investments and divestments in the region. With Latin America M&A specialists in its Sao Paulo, New York and Madrid offices, it has a solid pipeline of corporate and M&A engagements. The practice continues to develop its standing in Brazil transactions, notably in the fintech area, which includes venture capital funding arrangements. The Latin America team has also successfully targeted growth markets such as Ecuador and has landed a series of engagements in telecoms and data centre transactions. Sao Paulo managing partner Anthony Oldfield is a seasoned corporate and M&A specialist with impressive connections to Brazilian corporates and investors. David Brinton has an extensive record in energy, infrastructure and natural resources transactions in Latin America, including private equity investments and divestments. Thais Garcia, who splits her time between New York and São Paulo, is a fast-emerging talent with a burgeoning record in Latin America M&A and private equity transactions, especially in Spanish speaking jurisdictions. Madrid’s Javier Amantegui and Samir Azzouzi are also active in Latin America deals. Senior associate Carla Ruggero is also noted. All named individuals are based in New York unless stated otherwise.

Practice head(s):

David Brinton; Anthony Oldfield; Javier Amantegui

Testimonials

The team is simply exceptional. In addition, each of its members are lawyers with deep knowledge of the issues, and above all it is pleasant to work with them.

Thais Garcia has a great knowledge of energy sector M&A in LATAM and is a trusted advisor for trans-frontier transactions.

Clifford Chance advises on M&A transactions. The experience arising from advising on relevant M&A operations in a wide variety of sectors is very valuable and contributes a lot to the quality of the advice offered by this firm. The fluency in the Spanish language of its lawyers facilitated the interaction with the different teams of the company.

Thais García and Carla Ruggero are two Clifford attorneys who stand out for their extensive experience in advising on M&A transactions. Their brilliant journey allows them to always give alternatives to clients in the face of situations that arise in operations. They are very kind people and always available when needed. The command of several languages is also a great advantage.

Great commercial and negotiation experience with international partners and counterparties.

Agility of execution, holistic view and quality of work.

Key clients

Actis

Ardian

Caisse de dépôt et placement du Québec (CDPQ)

Empresas Públicas de Medellín (EPM)

Fitesa

Interconexión Eléctrica (ISA)

Macquarie

Mitsubishi

Neon Pagamentos

Votorantim Cimentos

Work highlights

  • Advised Interconexión Eléctrica on its acquisition of minority interests in Internexa, a holding company in the telecoms sector in Latin America.
  • Advised affiliates of Brazil-based Fitesa on the acquisition of 100% of the equity of Tredegar Personal Care from Tredegar Corporation.
  • Advised Interconexión Eléctrica on its acquisition of the Costera Cartagena Barranquilla 4G toll road in Colombia.

The firm: Clifford Chance is one of the world’s pre-eminent law firms, with significant depth and range of resources across five continents. As a single, fully integrated, global partnership, it prides itself on its approachable, collegial and team-based way of working. The firm always strives to exceed the expectations of its clients, which include corporates from all the commercial and industrial sectors, governments, regulators, trade bodies and not-for-profit organisations. It provides them with the highest quality advice and legal insight, which combines the firm’s global standards with in-depth local expertise.

Types of work undertaken
Capital markets: the capital markets practice concentrates on securities transactions and other products sold into the capital markets. The practice is founded on a full-service US and UK securities law capability, complemented by local securities law expertise in each of the key financial centres. It provides practical, integrated legal advice covering the full spectrum of global capital raising activities including public and private domestic and international offerings of traditional debt and equity securities as well as convertible and other derivative and structured securities.

Corporate: the corporate practice handles some of the world’s largest and most complex M&A transactions. It combines global transaction capability with a full service of English, US and civil law expertise in the key financial centres across Europe, the Americas and Asia Pacific. In addition to mainstream M&A, the firm also encompasses leading specialist practices in: commercial contracts, competition and antitrust, communications, energy, healthcare, financial institutions, funds, investment banking, insurance, media and technology, and private equity.

Finance: Clifford Chance’s finance practice is the leading international finance practice of any law firm. The practice provides highly commercial and practical advice across the full spectrum of financial products including syndicated lending and leveraged and acquisition finance, asset finance, derivative products, project finance, financial regulatory, insolvency, restructuring and structured finance.

Litigation, dispute resolution and risk management: the firm has experience in virtually all segments of the business and financial markets across multiple jurisdictions. The lawyers work with clients to resolve disputes efficiently and effectively – whether through arbitration, litigation or other techniques.

Real estate: Clifford Chance’s leading real estate practice offers UK, European, Asian and US real estate capability. The practice advises the real estate industry’s leading players on the entire property ‘life-cycle’ from the initial acquisition, development, leasing, joint venturing and financing through to the final exit, as well as tax structuring, PFI/PPP, corporate outsourcing, planning, environment and litigation.

Tax, pensions, employment and incentives: Clifford Chance has one of the world’s largest international tax groups within a single law firm. The firm is uniquely placed to provide leading edge advice to clients, and the practice is structured on an integrated global basis. Local tax groups within the practice work closely with areas such as securitisation, securities, M&A, corporate restructuring, private equity, real estate and funds.

The pan-European VAT group advises on all areas of VAT and has particular strength advising on novel and complex issues in the structured finance, financial services, corporate finance and real estate sectors.

The team of experienced employment, employee benefits, ERISA, immigration and pensions specialists work with clients from a wide range of sectors to address local and cross-border issues.

International offices: Abu Dhabi, Amsterdam, Bangkok, Barcelona, Beijing, Brussels, Bucharest, Casablanca, Dubai, Düsseldorf, Frankfurt, Hong Kong, Istanbul, Jakarta*, London, Luxembourg, Madrid, Milan, Moscow, Munich, New York, Paris, Perth, Prague, Rome, São Paulo, Seoul, Shanghai, Singapore, Sydney, Tokyo, Warsaw, Washington, D.C., Riyadh**

*Linda Widyati & Partners in association with Clifford Chance

**Clifford Chance has a co-operation agreement with Abuhimed Alsheikh Alhagbani Law Firm in Riyadh

PhotoNamePositionProfile
Javier Amantegui photoMr Javier AmanteguiJavier Amantegui is a partner in Clifford Chance’s Corporate/M&A group, based in…
Javier  García de Enterría photo Javier García de EnterríaJavier García de Enterría specialises in corporate matters and equity capital markets.…
Carlos  Hernández-Canut photo Carlos Hernández-CanutCarlos Hernández-Canut’s main areas of practice are finance law, including banking and…
Alberto Manzanares photo Alberto ManzanaresAlberto Manzanares has over 30 years’ professional experience in the banking sector…
Miguel Odriozola photo Miguel OdriozolaMiguel Odriozola is the Head of the Clifford Chance Antitrust team in…
Carlos  Portocarrero de las Heras photo Carlos Portocarrero de las HerasCarlos Portocarrero de las Heras specialises in joint ventures, bidding process, sale…
Jaime Velázquez photo Jaime VelázquezJaime Velázquez specialises in M&A and corporate finance, mainly focused in regulated…
Number of partners : 550
Number of other fee-earners : 3,300

Advice To My Younger Self: Reflections of Successful Women Lawyers

Women lawyers open up about their careers and defining choices

Advice To My Younger Self: Reflections of Successful Women Lawyers is published by The Legal 500‘s GC Magazine in collaboration with Clifford Chance. Now in its second release, the book is a practical resource for anyone interested in charting a successful career path at a law firm or by moving in-house. It features interviews with 20 women partners, alumnae and in-house counsel, with additional contributions from members of Clifford Chance’s senior management and US-based recruiting team. Visit our website to learn more about practical tips for building your career.

http://www.legal500.com/clifford-chance/advice-to-my-younger-self


RISING LAWYERS open up about their priorities and strategies for success

Their Voices: Insights from Today’s Rising Lawyers by The Legal 500‘s GC Magazine in collaboration with Clifford Chance. Geared primarily for students and junior lawyers, the book is a practical resource for those considering law school or just beginning a legal career. Twenty junior lawyers offer diverse perspectives on what inspires them about the law, and the strategies that are helping them stay in touch with their priorities and define the future of their careers. Their Voices also provides insights for senior lawyers as they mentor the next generation of leaders.

http://www.legal500.com/clifford-chance/their-voices