Press Release

White & Case Advises Goldman Sachs International on Banco de Sabadell's Takeover Bid for TSB

Global law firm White & Case LLP has advised Goldman Sachs International, as financial adviser, on the proposed £1.7 billion public cash offer by Banco de Sabadell S.A. for TSB Banking Group plc, and as underwriter to Banco de Sabadell's rights issue, which raised gross proceeds of approximately €1.6 billion. The proposed offer is subject to obtaining certain regulatory and shareholder approvals.

The proposed offer by Banco de Sabadell, a leading Spanish bank, for one of the UK's major banks represents one of the largest cross-border banking acquisitions since the financial crisis.

"Our cross-border team combined the Firm's M&A and capital markets capabilities to support our client in one of the most eye-catching banking takeovers of recent years," said Madrid-based White & Case partner Juan Manuel de Remedios, who led the team which advised on the transaction.

The White & Case team which advised on the transaction included partners Juan Manuel de Remedios (Madrid), Philip Broke, Inigo Esteve, Laura Sizemore, Gavin Weir (all London) and Denise Cerasani (New York), local partner Yoko Takagi (Madrid) and associates Laura Gonzalez (Madrid), Nicholas Quarrie, Ozlem Dowling and Jasmine Grewal (all London).

Press Contact
For more information please speak to your local media contact.