Spain continues to gain ground in its economic recovery. Financial conditions are strengthening and a platform for long-term business and economic growth is forming. Increasing capital markets activity, financial and labour market reforms and a dynamic export sector are all contributing to positive momentum. For investors, optimism is tempered with caution.
Capitalizing on opportunity in such a complex business climate requires keen legal counsel, grounded in local knowledge with the benefit of a global perspective. Clients turn to us in Spain for the right balance of on-the-ground experience coupled with a multijurisdictional view. We have acted as counsel in major transactions for numerous Spanish companies, as well as for many European corporates, international investment banks and private equity firms, covering a broad range of industry and financial sectors.
Our lawyers are qualified to practice under Spanish, English and US law. We focus on inbound and outbound M&A, including public and privately-negotiated transactions, equity and debt capital markets, including regulatory and corporate governance issues, bank finance, restructuring, competition and disputes.
AWARDS & RECOGNITION
"Knowledgeable, experienced and easy to work with." (Juan Manuel de Remedios)
"Hard-working, thorough and very proactive in finding solutions." (Yoko Takagi)
Chambers Europe 2015
"Deep knowledge of M&A." (Carlos Daroca)
The Legal 500 2015
One of 2015's largest telecom acquisitions
J.P. Morgan, as financial advisor, in a €3.4 billion Jazztel takeover by Orange.
Largest cross-border banking acquisitions since 2007 financial crisis
Goldman Sachs International, as financial advisor, on a £1.7 billion public cash offer by Banco de Sabadell S.A. for TSB Banking Group PLC and, as underwriter, on a Banco de Sabadell SA rights issue that raised €1.6 billion in gross proceeds.
Spanish telecom M&A transaction
Citi, as financial advisor to Euskaltel, a listed Spain-based telecommunications company and provider of fixed and mobile telephone, Internet and cable television services, on a €1.2 billion acquisition of R Cable, a Spanish telephony, broadband/Internet and multi-channel thematic television solutions provider and the underwriters in Euskaltel's €255 million capital increase.
Sovereign fund investment in Spain's oil & gas sector
Wren House Infrastructure, the investment arm of the Kuwait Investment Authority, on a US$550 million investment in the global electricity generation business of the Spanish utility giant Gas Natural Fenosa.
One of the largest PE acquisitions in Spanish real estate
Klepierre, SA in a €375 million acquisition of 100% of Plenilunio (one of the main shopping centers in Madrid) from Orion European Real Estate Fund III CV, a real estate fund sponsored by Orion Capital Managers.