Spain | White & Case LLP International Law Firm, Global Law Practice



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.



"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.