Allen & Overy > Madrid, Spain > Firm Profile

Allen & Overy
Serrano 73
28006 MADRID
Spain

Spain > Banking and finance Tier 1

A heavyweight in the banking and finance space, Allen & Overy‘s Madrid office is praised for its ‘impeccable technical knowledge and workmanship‘, assisting a prestigious client list, particularly multinational banks and financial institutions. Real estate financing is a key strength, and the team advised the banks on the financing of the €1.3bn acquisition of online real estate platform Idealista from Apax, one of the biggest private equity deals in Spain in recent years. Six lawyers share leadership duties: Ignacio Ruiz-Cámara, a frequent presence in the biggest takeover financings; funds expert Juan Hormaechea; the ‘technically very good‘ Jimena Urretavizcaya, who excels in international transactions; Salvador Ruiz Bachs, who stands out for financial regulatory advice; Charles Poole-Warren, whose focus is on the Iberian market; and Vanessa Cuellas, who made partner in May 2021 and is already an experienced name in energy-sector financings.

Practice head(s):

Ignacio Ruiz-Cámara; Juan Hormaechea; Jimena Urretavizcaya; Charles Poole-Warren; Salvador Ruiz Bachs; Vanessa Cuellas

Testimonials

‘Best banking team in Spain, involved in all the top mandates.’

‘High knowledge of the market and very good technically.’

‘Technically very good – Jimena Urretavizcaya.’

‘Team oriented to offer a continuous and comprehensive service, really managing to relieve internal lawyers from work and from the need to be worrying so that the objectives are met.’

‘Impeccable technical knowledge and workmanship and continuous attention to matters, offering practical solutions to problems and offloading the in-house attorneys. In this regard, I must highlight the work of Juan Hormaechea.’

Key clients

Banco Santander

EQT

CaixaBank

Barclays

BBVA

Banco Sabadell

Goldman Sachs

JP Morgan

BNP Paribas

CVC

Redexis

Bestinver

UBS

Via Célere

Almirall

Work highlights

  • Advised BNP Paribas as the sole arranger in respect of debt financing and guarantee facilities for IFM Investors’ €5.06bn offer for 22.69% of the shares in Naturgy Energy Group.
  • Assisted the syndicate of banks, with CaixaBank as agent, with the renewal of a €2,000m loan linked to sustainable criteria granted to Naturgy.
  • Advised the banks on the financing the €1.3bn acquisition of online real estate platform Idealista from Apax.

Spain > Capital markets: Debt Tier 1

Allen & Overy has considerable experience in the Spanish debt capital markets sphere, regularly assisting heavyweight financial institutions, both as issuers and underwriters, with debt transactions of all kinds. Banks and IBEX 35 companies instruct the team on complex debt issues, and both green bond issues and ESG transactions have been areas of recent growth, reflecting the diversification of the Spanish market. Charles Poole-Warren and Salvador Ruiz Bachs co-lead the debt capital markets practice, while Ignacio Ruiz-Cámara is the main contact for securitisation, with ‘top professionalAlfonso Gutiérrez supporting at counsel level. Senior associates Cristina Pablo-Romero and Alvaro Rojo are further names to note.

Practice head(s):

Ignacio Ruiz-Cámara; Charles Poole-Warren; Salvador Ruiz Bachs

Other key lawyers:

Testimonials

‘A&O has an exceptional and always attentive team. Industry savvy and available.’

‘Alfonso Gutierrez is a top professional who working with is always very easy. A&O stands out for its knowledge and its proximity, with few national firms that can compete with them.’

‘I worked with this team on securitization transactions. The team is excellent and has a very strong knowledge of the securitization product.’

‘The team has a global view of the securitization product.’

Key clients

Santander

Citigroup

BBVA

Morgan Stanley

Amadeus

Caixabank

JP Morgan

Bank of America Merril Lynch

Work highlights

  • Acted for J.P. Morgan and the rest of the managers in the standalone bond issue of €1bn senior notes (two tranches) by Amadeus IT Group.
  • Assisted Bank of America and the rest of the managers and dealer managers on the €1.5bn hybrid bond issuance performed by Repsol, and on the simultaneous tender offer to buy back Repsol’s existing €1bn hybrid bond.
  • Advised BNP Paribas, Banco Santander and Natixis, as arrangers, on the 2021 renewal and update of the €2bn asset-backed debt issuance programme by Columbus Master Credit Cards, Fondo de Titulización.

Spain > Dispute resolution Tier 1

Decisive and efficient‘, Allen & Overy fields a sizeable team of ‘proactive, practical lawyers who understand well the clients and their concerns‘. The department is well versed across commercial litigation, financial litigation, arbitration and special situations (covering insolvencies and the enforcement of securities), and stands out in particular for its leading practice in investment treaty arbitration involving the Energy Charter Treaty (ECT), where it has represented a large number of clients in cases against the Kingdom of Spain. As befits the firm’s global reputation in the financial services sector, the Madrid office acts for a number of high-profile banks and financial institutions, as well as household name Spanish and international companies in a range of other sectors. Clients are well served at the partner level by dispute resolution expert Antonio Vázquez-Guillén, highly regarded for his arbitration practice in particular, employment disputes specialist Silvia Bauzá, Javier Mendieta and Javier Castresana. The senior, non-partner-level team grew organically in May 2021, with the promotions of José Luis Terron to counsel and Pablo Torres to senior associate. Counsel Emma Morales, whose expertise covers commercial litigation and commercial and investment arbitration, is another name to note.

Practice head(s):

Antonio Vázquez-Guillén; Javier Mendieta; Javier Castresana; Silvia Bauzá

Other key lawyers:

José Luis Terrón; Emma Morales; Pablo Torres; Alexandre Fichaux; Javier Fernández; David Ingle

Testimonials

‘In my opinion, they stand out in their agility and availability towards the client and also in terms of the originality and efficiency of the proposals they make to resolve certain issues. It seems to me that the litigation team is very agile and above all decisive and efficient.’

‘I would like to highlight José Luis Terrón. He seems to me to be a great professional, available to the client at any time and at any time, very proactive at work and provides very useful solutions in procedures. I would definitely recommend him to anyone.’

‘Team with great experience, vocation of customer service and strategic vision.’

‘José Luis Terrón has great technical knowledge and strategic vision. In addition, it goes to the maximum in each case.’

‘The A&O team is a must in litigation. Both Antonio Vázquez and Emma Morales know how to defend with excellence and measure the interests of their clients in highly complex and multi-jurisdictional matters. They have a perfect coordination between their different offices to be able to give the client a turnkey product.’

‘I’d highlight the customer orientation and customer benefit.’

‘Allen is a firm with proactive, practical lawyers who understand well the clients and their concerns, who are always available. It is a pleasure to have them because you feel in very good hands.’

Key clients

BBVA

Bankia

Mubadala

JCDecaux España

Globalvía

Distrito Castellana Norte

Bridgepoint

Associated British Foods

Iberdrola

Repsol

Work highlights

  • Acted for Distrito Castellana Norte (DCN), as co-defendant together with BBVA, in a €700m claim filed by Baraka Group Holding arising out of an alleged rights over certain properties.
  • Acted for Mubadala/IPIC in the context of an international arbitration arising out of the termination of the sponsorship agreement entered into between IPIC and Real Madrid Club de Fútbol in October 2014.
  • Acting for PV Investors, RWE Innogy Aersa, S.A.U. and RWE Innogy, among others, in ECT claims against the Kingdom of Spain.

Spain > Capital markets: Equity Tier 2

Allen & Overy's equity capital markets work is coordinated by Fernando Torrente, an expert in M&A and equity transactions with over 30 years of experience advising corporate clients, investment banks and private equity funds. He is supported on all matters by capital markets specialist Teresa Méndez, an experienced lawyer in IPOs in Spain, who also advises on follow-on offerings, accelerated bookbuild offerings and takeover bids.

Practice head(s):

Fernando Torrente

Other key lawyers:

Key clients

OHL

Banco Santander

Mediapro

Citigroup

Goldman Sachs

Mubadala

Cepsa

Work highlights

  • Advised a group of financial institutions acting as joint global coordinators in the €150m rights issue carried out by Millenium Hotels.
  • Acting for OHL in its restructuring, leading on the equity capital markets aspects of the transaction, which include a rights issue, a private placement and three debt-to-equity capital increases.

Spain > Commercial, corporate and M&A Tier 2

‘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:

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.

Spain > EU and competition Tier 2

Reputed market expert Antonio Martínez heads the solid eight-strong competition and EU law department at Allen & Overy's Madrid office, which shows prowess handling a wide range of matters, including preventive work and merger control proceedings before the European Commission and the CNMC. The department also has considerable expertise in damages claims for competition law infringements. In addition, Martínez brings to the practice a deep knowledge of the enforcement of competition rules in the tobacco and life sciences industries. He is closely supported by counsel Jaime Rodríguez and senior associate Enrique Ferrer.

Practice head(s):

Other key lawyers:

Testimonials

‘The combination of quality and efficiency of the service.’

‘In our experience, they have a very solid practice because their advice is always closely linked to the M&A team and therefore very focused on the needs of the client in their M&A process.’

‘Strong points are the availability of the entire team from partners to associates as well as the own knowledge in the matter. Of course, the Allen & Overy team can be proud of its capabilities.’

‘Our contacts have been Antonio Martínez and Jaime Rodríguez. Both have given outstanding attention to the issues that have arisen throughout our collaboration; I would highlight the ability to resolve important and urgent issues.’

Constant experience on practice and criteria of the CNMC and the Courts.’

Key clients

Altadis (Imperial Brands)

American Tower Corporation

Santander Consumer

PwC

Thales

Google

Liberty Global

Accenture

Hanson Hispania (HeidelbergCement)

Burger King Spain

EQT

Portuguese Republic

ICG

Advent

Naspers

Geopost (Seur)

Mubadala

Talgo

NMC Health

AMP

Masaveu Group

Grupo Monbake

Red Eléctrica de España

Work highlights

  • Represented Altadis (the Spanish subsidiary of Imperial Brands Plc) in its appeal before the Audiencia Nacional regarding the inspections the CNMC carried out in Altadis’s premises related to the investigations into the cigarettes industry in Spain.
  • Advised American Tower Corporation in relation to the merger control aspects of its acquisition of mobile tower infrastructure business of Telxius in several countries.
  • Advised Santander UK on the notification to the European Commission of a joint venture with Volvo in the UK.

Spain > Private equity Tier 2

Allen & Overy, one of the Magic Circle firms, is home to ‘great practical knowledge of M&A operations in the area of private equity’. Iñigo Del Val demonstrates a notable track record in representing some of the market’s largest fund investors and private equity houses, supporting them on both traditional and venture capital investments. Ignacio Hornedo co-heads the practice alongside Del Val, and the pair are particularly proficient when it comes to deals in the real estate, energy and infrastructure sectors.

Practice head(s):

Íñigo del Val; Ignacio Hornedo

Testimonials

‘Great practical knowledge of M&A operations in the area of private equity. They participate in numerous international operations and, consequently, have experience in the latest trends in the sector.’

Key clients

EQT

ICG

OEP (One Equity Partners)

Riverside

Advent

AMP

Sinia Renovables

Apax

Infracapital

Work highlights

  • Advised EQT on the sale of Igenomix to Vitrolife.
  • Advised EQT on the acquisition of Idealista, the online real estate classifieds platform, from fund Apax Partners, for an amount of €1.35bn.
  • Advised ICG on the acquisition by ICG of a majority stake in the share capital of Alvinesa Natural Ingredients, for a deal value of €320m.

Spain > Projects and energy Tier 2

Allen & Overy's experienced projects and energy practice garners praise for its ability to ‘handle complex operations and adapt to demanding timings’, showing great dexterity advising on a wide range of financing, litigation and M&A mandates, while also boasting excellent capabilities in the management of projects (both domestic and cross-border) and arbitration. The firm is home to outstanding practitioners like finance experts Jimena UrretavizcayaCharles Poole-WarrenIgnacio Ruiz-Cámara and Vanessa Cuellas, who was appointed partner in 2021. Additional expertise is brought to the practice by Iñigo Del Val and Ignacio Hornedo, who handle M&A; Pablo Mayor, who handles regulatory work; and senior associate Nuria Ferré.

Other key lawyers:

Nuria Ferré; Marina Jiménez; Laura Cabezas; Paloma Asegurado; Patricia Figueroa

Testimonials

‘It is a serious firm capable of carrying out complex operations and adapting to the demanding timings set by banks.’

‘Good availability and knowledge. The best: Vanessa Cuellas, Ignacio Ruiz Cámara, Nuria Ferrer.’

‘Allen & Overy has a highly qualified and perfectly synchronised Project and Energy team, in such a way that each member has their role and their specific degree of involvement. Also noteworthy as differentiating elements are its extensive experience and participation in relevant transactions within the sector and its ability to react to offer viable alternatives in the face of adversities that may arise during the course of the operation.’

‘Consolidated experience, advanced knowledge within the sector and a high degree of participation in negotiation sessions are some of the features that, in our opinion, make A&O’s Projects and Energy team stand out. Other distinctive qualities would be: the high degree of involvement of its partners (based on our experience, we highlight Charles Poole-Warren and Vanessa Cuellas), who demonstrated a great capacity to substantiate their position in the negotiations (proving to be benchmarks in the sector) and the security with which the entire team had controlled at all times each specific aspect of the project in which they advised us (also highlighting Nuria Ferré, Marina Jiménez, Laura Cabezas and Paloma Asegurado).’

‘Great experience and knowledge of the sector. Operation very coordinated with other practices.’

‘They are close and experienced people. They put themselves in the client’s shoes. Working with them is easy, they help the deal move forward.’

‘Ignacio Hornedo and Patricia Figueroa perfectly understand client needs and have a high capacity to analyse and detect problems in any negotiation both from a legal and business point of view.’

Key clients

Naturgy

Banco Santander

Caixabank

Globalvía

Eliantus Energy

European Investment Bank

BBVA

Infracapital

Eolia

Cepsa

Eolia Renovables

Advent

Banco Sabadell

Acciona Energía

Corporación Masaveu

Infracapital

Bruc Energy

Repsol

Matrix Renewables

Gransolar

Work highlights

  • Advised BNP Paribas as the sole arranger in respect of debt financing and guarantee facilities for IFM Investors’ €5.06bn offer for 22.69% of the shares in Naturgy Energy Group.
  • Advised Santander and Sabadell on the refinancing through project bond financing of the debt of 13 solar PV plants owned by Eolia Renovables.
  • Advised BNP Paribas, BBVA, Banco Santander and Mizuho on a €600m guarantee line to Siemens Gamesa in relation to offshore wind project Hornsea 2.

Spain > Public law Tier 2

Allen & Overy is highlighted for its ‘extensive knowledge and experience in public law’. Pablo Mayor and counsel Victoria Martín are standout practitioners in the team, which has a reputation for being well versed in ‘the workings of public administration’, and covers the gamut of administrative and regulatory issues, with a particular focus on sectors such as TMT, energy, transport and infrastructure.

Practice head(s):

Other key lawyers:

Victoria Martín; Oscar Vives

Testimonials

Allen & Overy has a team of a large technical level, easy and quick in giving a quality response to the customer’s advice and legal dispute needs and at competitive prices. They are always willing to quickly resolve the client’s needs.’

The outstanding aspect is that they are great specialists in administrative and regulatory law, accompanying the client in all their legal disputes from the beginning to the end, covering the administrative and judicial routes. They know the functioning of the public administration very well.’

‘Closeness, immediate attention, constant updating of knowledge. I’d highlight Pablo Mayor, Victoria Martín and Oscar Vives.’

‘The team is valued for its extensive knowledge and experience in public law, which places them at the forefront.’

‘The experience and vast knowledge allow them a quick and accurate approach to the approach of the issues. Despite the volume of work, the team is always available immediately.’

‘Great knowledge of the subject and a lot of experience in handling matters related to public law and especially public contracts.’

‘Collaboration and closeness with the internal lawyers of the companies. I would recommend Pablo Mayor, Victoria Martin and Alvaro Sánchez Bordona.’

Key clients

Distrito Castellana Norte (Formerly Desarrollo Urbanístico Chamartín)

Cellnex

MTV

Disney Channel

Abertis

JCDecaux

Alsa

Orange Espagne

SICE (ACS subsidiary)

T-systems

Saba Infraestructuras

Acciona

Work highlights

  • Advising BBVA on all the administrative law issues (including the implementation of the partial reform plan of Paseo de la Castellana, the main North-South avenue in Madrid).
  • Advised Cellnex on all matters relating to the services provided by the company, including consultations, administrative proceedings and contentious-administrative proceedings before the courts.
  • Advised Abertis on all matters regarding its public contracts, concessions in Spain, consultations, administrative proceedings and contentious-administrative proceedings before the courts.

Spain > Restructuring and insolvency Tier 2

Allen & Overy‘s ‘indispensable‘ team specialises in cross-border insolvency and restructuring issues, covering the full range of options, including US Chapter 11 reorganisations, UK and Spanish schemes of arrangement and debt for equity swaps. Indicative of the wider firm’s strengths, the practice frequently counsels major international and domestic banks, and also acts for a number of hedge funds and institutional investors that are becoming increasingly present in the Spanish market. Leadership is shared by four lawyers: Javier Castresana, whose recent focus has been on Spanish schemes and debt restructuring; expert in pre-insolvency debt restructurings Juan Hormaechea; broad finance specialist Ignacio Ruiz-Cámara; and Jimena Urretavizcaya, who focuses on restructuring, leveraged finance and real estate finance.

Practice head(s):

Javier Castresana; Juan Hormaechea; Ignacio Ruiz-Cámara; Jimena Urretavizcaya

Other key lawyers:

Sofía Sánchez-Calero

Testimonials

‘In the litigious subject in which I move, Javier Castresana stands out for his involvement in the matters and his ability to convey his position in judicial writings.’

‘Their adaptability, knowledge and strength of work make them indispensable to feel that problems are faced with total security.’

‘Javier Castresana is one of the two or three best lawyers in Spain in restructuring and insolvency from all points of view. His teammates accompany him perfectly to form a practically perfect team.’

‘Closeness and disposition.’

Key clients

Deutsche Bank

Bankia

BBVA

Davidson Kempner

Burford Capital

Credit Suisse

Grupo Villar Mir (GVM)

El Corte Inglés

Work highlights

  • Assisting Santander, BBVA, CaixaBank, Sabadell, Bankia and Kutxabank with insolvency proceedings against Grupo Adveo.
  • Advised a syndicate of 14 banks, led by BBVA, Santander and Caixabank, on all of the legal aspects of the refinancing and restructuring of Pepe Jeans Group.
  • Advising Sociedad de Gestión de Activos Procedentes de la Reestructuración Bancaria (Sareb) on its €741m claim against the insolvent company Reyal Urbis.

Spain > Tax Tier 2

The Madrid office is a key part of the international tax offering from Allen & Overy, which excels in complex transactional matters and frequently assists with some of the most prominent M&A deals involving Spanish stakeholders. The practice is led by Adolfo Zunzunegui, who has over 20 years of experience advising on domestic and cross-border finance transactions carried out in Spain, and advises on group restructurings and acquisition tax structures. Counsel Ishtar Sancho supports on the range of matters and is noted for advice to national and international financial institutions.

Practice head(s):

Adolfo Zunzunegui

Other key lawyers:

Testimonials

‘Very good knowledge of the market. Reactivity. Technical knowledge.’

Key clients

Auxadi Group

American Tower International

Goldman Sachs

Santander

Bank of America Merril Lynch

Morgan Stanley

EQT

Sabadell

CaixaBank

BBVA

Work highlights

  • Advised American Tower on its agreed $7bn acquisition of the towers division of Telxius.
  • Assisted the funders of Eolia Renovables de Inversiones on the tax aspects of the refinancing of 33 renewable assets.
  • Advised AXA Real Assets on its acquisition (together with Acciona) of 33% Acciona Energia from KKR.

Spain > Employment Tier 3

Allen & Overy‘s team of ‘terrific professionals‘ in its employment and benefits department is led by Silvia Bauzá, an expert in collective and individual labour litigation, as well as restructuring processes and collective conflicts. She is supported by experienced senior associates Ana Hernández and Jose Antonio Segovia, since the latter's arrival from Garrigues in July 2021. The department assists a number of multinational clients with ongoing labour issues, Airbus being a new addition to that list in 2021.

Practice head(s):

Silvia Bauzá

Testimonials

‘Allen & Overy’s team stands out for its high technical level and commitment to the client. The service they offer is of high quality by answering questions accurately and clearly and quickly. They adapt their responses to the needs and particularities of the client. Unlike other firms, it has adapted to us, being a very complex company, in record time and perfectly understanding the problems we face on a day-to-day basis.’

‘Not only is it a team that stands out for its high technical level, but also for the involvement and commitment they have in each of the client’s issues. All the team members are exceptional.’

‘They are very professional lawyers, very close to the business and who strive to understand it well. Very close, transparent and with great knowledge. Availability 24/7. Great treatment, closeness, empathy / sympathy, flexibility. They support the processes from start to finish with great leadership and involvement. They know how to move very well within organizations at all levels (managers, executives, management committees, boards of directors). They have a great human quality and generate environments of full trust. They become true partners for the business.’

‘Our experience is that all the attorneys we have worked with at Allen & Overy are terrific professionals. They are highly qualified professionals and where you see that there is a harmony in the team in a very important way. I believe that it is an office that responds perfectly to any circumstance that we have had but that also bills in a very fair way. It is not for every minute of dedication. In addition, they are very accessible, close, they generate great trust in the client.’

‘Without a doubt, in addition to the fact that they are always technically very prepared, they give you the best advice on the actions to follow, even if it is to the detriment of the billing of the law firm. They look after the client more than their own interests, which makes them generate a lot of trust. In addition, in any matter they are always perfectly prepared and have everything carefully studied. We are delighted with them.’

‘The team is very well organized and takes into account the different areas that affect the matter. They have a very good deal and are 100% available to the client.’

‘Complete availability, unbeatable internal organization, practical solutions to problems that arise and good alternatives.’

Key clients

Airbus

JT International Canarias

Indra

Sabadell

Aquila Capital Market

Capgemini

Hisdesat

EQT

Coloplast

Volvo Trucks

Work highlights

  • Assisting Airbus with ongoing labour legal advice on relevant employment issues and judicial procedures.
  • Advising JTI International Canarias on an ongoing daily basis in relation to its factories in Spain.
  • Advised Indra on several employment-related matters, including complex judicial procedures and complex legal advice.

Spain > Real estate and construction Tier 3

With numerous offices and relationship firms worldwide, the real estate team at Allen & Overy combines its global strength with the local expertise of its team to assist international investors, corporates and financial institutions involved in high-value, cross-border real estate transactions. Led by corporate real estate expert Santiago De Vicente and backed by experienced senior associates Marta Orce and Andrés Candela and the newly promoted Javier González (May 2021), the group’s comprehensive service covers joint ventures, purchase options, due diligence, leases, sales and acquisitions of REO portfolios, forward purchase agreements, leaseback arrangements and construction. The team’s portfolio includes Banco Santander and Deutsche Finance International, and, in addition to finance and real estate, spans the energy and chemical sectors.

Practice head(s):

Testimonials

‘It is a highly practical and proactive team. Technical and legal excellence is guaranteed.’

‘Marta Orce stands out for her continuous availability, kindness in treatment and good work.’

Key clients

Davidson Kempner

Corestate

BBVA

Tilden Park

Eolia Renovables

Banco Santander

Banco Sabadell

Deutsche Finance International

Kutxabank

Work highlights

  • Advised Davidson Kempner on the acquisition of an 80% stake in a joint venture company with Unicaja in connection with a portfolio of real estate assets.
  • Advised BBVA on the sale to KKR of two portfolios, one of real estate owned assets and the other of non-performing loans.
  • Advised Banco de Sabadell on the sale to Oaktree of the real estate development company Solvia Desarrollos Inmobiliarios jointly with a massive residential asset portfolio.

Germany > Capital markets > Equity capital markets

Under the leadership of Knut Sauer, Allen & Overy LLP's EMC team has been able to further intensify its cooperation with the corporate practice; clients can therefore not only rely on the group's assistance with IPOs, rights offerings, capital increases, stock exchange listings and share-linked transactions, but also with related corporate issues. The client portfolio thus shows a concentration of issuer-side advice, but also entails banks and investors. In addition to its cross-practice capabilities, cross-location coordination – especially with the offices in Luxembourg, Amsterdam and London – is an essential feature of the group's advice. The close cooperation with Germany-based, US-licensed lawyers equips the team well for US-related instructions.

Practice head(s):

Other key lawyers:

Key clients

Berenberg Bank

Citi

Commerzbank

CORESTATE Capital Holdings AG

Credit Suisse

Deutsche Bank

Deutsche Beteiligungs AG

Evonik Industries AG

Gerry Weber AG

Goldman Sachs

Hello Fresh SE

IHO Verwaltung

J.P.Morgan

Morgan Stanley

ODDO BHF

ProSiebenSat.1 Media SE

Roland Berger

Senvion S.A.

Scout24 AG

SGL Carbon

UBS

Work highlights

  • Advising an online retailer on its planned IPO.
  • Advising TUI AG on the placement of a convertible bond.
  • Advising Gerry Weber International AG on its IPO (re-IPO) on the regulated market of the Frankfurt Stock Exchange as well as on a capital increase and the issue of a convertible bond as part of the company’s financial restructuring.

At Allen & Overy, clients are at the heart of the firm’s strategy and we aim to build long-term relationships where we are completely trusted to handle clients’ most complex legal problems. As well as first-rate legal knowledge and expertise, the firm aims to bring strategic and commercial insight based on a deep understanding of our clients’ businesses. Allen & Overy’s deeply rooted sector expertise allows it to understand the broader business, not just legal, issues faced by clients.

A&O in Spain is one of the country’s leading legal practices. Its lawyers have both international experience and an in-depth knowledge of the local market. The firm can leverage the resources and skills of a highly integrated worldwide network. Its office is led by 17 top-tier partners, each of whom has an exceptional track record of success and achievements across a range of industry sectors, supported by a dedicated team of experienced lawyers.

The firm’s clients are its top priority and they include financial institutions, public entities, high profile Spanish companies and international corporations with interests in Spain and beyond.

As a global elite practice, Allen & Overy is at the cutting edge of international legal and commercial insights. The firm’s teams are able to offer clients the support and advice needed to succeed in the changing national and global markets.

DepartmentNameEmailTelephone
Litigation and Arbitration Antonio Vázquez-Guillén
Banking & Finance Ignacio Ruiz-Cámara
Employment Silvia Bauzá
Litigation, Restructuring and Insolvency Javier Castresana
Banking & Finance Vanessa Cuellas
Corporate, M&A and Private Equity Íñigo del Val
Real Estate Santiago de Vicente
Banking & Finance Juan Hormaechea
Corporate, M&A and Private Equity Ignacio Hornedo
Competition and European Law Antonio Martínez
Public Law Pablo Mayor
Litigation and Arbitration Javier Mendieta
Banking & Finance and Capital Markets Charles Poole-Warren
Banking & Finance, Financial Services Regulatory and Capital Markets Salvador Ruiz Bachs
Corporate, M&A and Capital Markets Fernando Torrente
Banking & Finance, Restructuring and Insolvency Jimena Urretavizcaya
Tax Adolfo Zunzunegui
Patricia Razquin : Head of Marketing, BD and Comms
Spanish
English

We’re committed to supporting a culture that drives diversity and inclusion. Every day, we’re working hard to create an environment where everyone feels that they can bring their authentic selves to work. To be comfortable and confident to be who they are in the workplace. To feel like they belong. To be All In. We continually listen using tools such as focus groups and surveys, alongside input from our affinity groups, to understand the wide range of experiences and barriers that our diverse colleagues face. And we hold ourselves accountable, with data and transparency at the heart of our strategy. This enables us to both measure progress and be honest with ourselves when the progress is not what it should be. And our commitment extends beyond our walls, utilising our expertise on a wide range of global issues in collaboration with clients and other organisations.