Carlos Daroca

Local Partner, Madrid

Biography

Clients say that Carlos: “Apart from advising purely on the legal matters he understands that there are other elements in a transaction.” “He understands the key issues of the deal and gets straight to the point.”
Chambers Global

Overview

Carlos Daroca is a partner in the Firm's M&A, Private Equity, Real Estate and Corporate practice in Madrid.

He has participated in many of the most significant Private Equity and Real Estate transactions executed in Spain over the last decade. Carlos has extensive national and international experience representing companies, real estate funds and credit entities on a wide range of transactions and corporate matters. Carlos has been recommended for Private Equity/M&A in legal directories and was nominated to Iberian Lawyer's "Best 40 under 40" awards. He is a recommended lawyer for Corporate/M&A in the Chambers Rankings in Europe.

Carlos is a professor of IE University, he teaches the subject named "The Art of M&A".

Bars and Courts
Spain (Abogado)
Education
Dual Degree in Law and Economics & Management
ICADE E-3
International Business and Mathematics for Finance
University of California, Berkeley
Languages
Spanish
English

Experience

Experience in Private Equity and Merger & Acquisitions:
 

Carlos represented Samsung in the acquisition of the Spanish company Zhilabs, S.L., a company engaged in the business of network analytics for telecoms.

Carlos represented Ciech S.A., a leading company in the chemical sector in Central and Eastern Europe, on the acquisition of 100% of the shares of Proplan Plant Protection Company, S.L., a Spanish supplier of plant protection products.

Carlos represented Wren House Infrastructure (the investment arm of the Kuwait Investment Authority) on its USD550 million investment in the global (excluding North American and Europe) electricity generation business of the Spanish utility giant, Gas Natural Fenosa ("GNF"). Wren House takes a 25% stake in GNF's global electricity generation business, GPG2.

Carlos represented Nordic Capital in the acquisition of Lindorff, a leading European debt collection company headquartered in Oslo, Norway.

Represented Espiga Capital in the acquisition of Union de Industrias C.A., a Spanish leading rubber manufacturer.

 

Experience in Real Estate and NPLs:
 

Carlos represented Klépierre, the leading European shopping center platform, in the disposal of the Gran Via de Hortaleza retail mall located in Madrid (Spain) to Carmila. The disposal also involved the sale of the Grand Vitrolles retail mall located near Marseille (France) also to Carmila. The disposal of both retail malls was for a total consideration of €212.2 million (including transfer duties).

Carlos represented Nomura in connection with the refinancing of non-performing loans (NPL) made up of predominantly residential portfolio of properties in Spain. The underlying sponsor of the borrower/guarantor is Bain Capital.

Carlos represented Klépierre in connection with the acquisition of 100% of Plenilunio, one of the main shopping centers in Madrid, from an entity 100% indirectly owned by the Orion European Real Estate Fund III C.V., a real estate fund sponsored by Orion Capital Managers. Value: €375,000,000.

Carlos represented Mediobanca in the financing of a real estate secured portfolio acquired by Oaktree Capital Management.

Carlos represented Goldman Sachs in the acquisition of a portfolio of more than 100,000 loans.

 

Publications

Purchase and sale of shopping centers: practical issues from a legal point of view. Diario la Ley, 2016.

Market Standards in M&A and Private Equity transactions. Usual loopholes. Diario la Ley, 2015.

The Private Equity Review 2012, London: Law Business Research, 2013, Kirk August Radke (Editor)

Private Equity: legal aspects, challenges and trends, AA. VV. Cizur Menor (Navarra): Aranzadi, 2012

The Private Equity Review 2011, London: Law Business Research, 2012, Kirk August Radke (Editor)

Awards and Recognition

Recommended lawyer: Corporate/ M&A - Spain, Chambers Europe 2018, Chambers Global 2018.

Nominated to Iberian Lawyer's "Best 40 under 40" awards.

Chambers Global 2016, Chambers Europe 2016
"Apart from advising purely on the legal matters he understands that there are other elements in a transaction." "He understands the key issues of the deal and gets straight to the point."