The equity capital markets team at Hogan Lovells Spain supports clients in a wide range of mandates spanning IPOs, bookbuild offerings, and capital increases. The team is under the joint leadership of Iñigo Berricano, a seasoned ECM practitioner who is regularly turned to by leading financial institutions, listed companies, and sponsors seeking assistance with large-cap transactions, and structured finance specialist José Luis Vázquez. Álvaro Albors, who joined from Linklaters in January 2025, is also noted for his experience in advising issuers and underwriters on IPOs, accelerated bookbuild offers, rights issues and block trades.
Legal 500 Editorial commentary
Accolades
Client satisfaction: Sector knowledge
Client satisfaction: NPS ®
Testimonials
Collated independently by Legal 500 research team.
- ‘The partner in charge and their team provide outstanding technical expertise. Probably the best value for money in all of Spain.’
- ‘Iñigo Berricano is a leading figure in the sector and one of the best equity capital markets lawyers in Spain. He possesses exceptional training and technical expertise. Álvaro Albors also deserves special mention for his outstanding quality and expertise.’
- ‘They are technically excellent lawyers with pre-eminent knowledge and experience of ECM market practice and ECM product structures, disclosure standards, contract negotiation and problem solving. Superb with clients - they actively listen to client needs and wants and tailor advice and solutions and processes accordingly.'
- 'They are equally impressive acting for issuers, sellers and underwriters - navigating with consummate skill and experience through domestic Spanish and international standards to efficiently and effectively reach the best outcome, compliant with all regs and standards and successfully ensuring the most conducive conditions for a successful capital raise or sell-down.'
- ‘Iñigo Berrícano has been the ECM expert and go-to expert for the local market for the past two decades.'
Key clients
- Deoleo, S.A.
- El Corte Inglés, S.A.
- Obrascón Huarte Laín, S.A.
- Puig Brands, S.A.
- Madrileña Red de Gas, S.A.U.
- Sacyr, S.A.
- Tendam Brands, S.A.
- Barclays Bank
- Banco Santander, S.A.
- Bank of America Merril Lynch
- BNP Paribas
- CaixaBank, S.A.
Work highlights
Advising Puig Brands, S.A. and the selling shareholder (Puig, S.L.) on its c. €3,000m initial public offering of Class B shares.
Advising the Joint Global Coordinators and the rest of underwriters on the initial public offering of Tendam Brands, S.A. (cancelled).
Lawyers
Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Practice head
Íñigo Berrícano; José Luis Vázquez
Other key lawyers
Álvaro Albors