Turtle
Turtle

Complex Corporate Matters and Restructurings

We are deliberately smaller than most, if not all, of the law firms we regularly see across the table. But this is no barrier to the size and sophistication of the clients who place their considerable trust in us. In fact, we have adopted this model because we want to be their trusted and strategic legal adviser.

Our emphasis on senior lawyer involvement means that our skills are best suited towards complex M&A, private equity and restructuring transactions where creativity, dedication, and efficiency are more important than the size of the team involved.

If a matter requires specialist tax, labour, antitrust or regulatory advice we are able to co-ordinate with comparable first-class boutiques with which we have strong and trusted relationships.

Given our decades’ of international experience, we are often chosen to co-ordinate cross-border matters, selecting law firms in other jurisdictions or cherry picking teams from larger law firms. In addition, we are also often called upon to provide a discrete second opinion on clients’ sensitive or complicated transactions or disputes.

Reflective of the success of our approach, since the launch of J. Almoguera Abogados we have assisted clients in some of Spain’s most sophisticated and groundbreaking transactions, including advising:

  • Advising a major US hedge fund, in relation to the refinancing of one of the largest European apparel groups.

  • Advising one of the main bond holders in relation to the Banco Popular resolution scheme.

  • Advising the Spanish subsidiary of the UK based insurance group Howden Broking Group in the acquisition of the 100% of the share capital of a specialised insurance broking company Bergé Correduiría de Seguros.

  • ING in the assignment of its claims in a number of Spanish toll roads concessionaire companies under insolvency proceedings.

  • Grupo Isolux, in relation to several matters of Spanish law concerning the insolvency process of its Dutch subsidiary and issuer of the “Isolux convertible bonds”.

  • Abac Capital, on the competitive process to sell the Vitaldent business.

  • Atlántica Yield, on the Abengoa’s restructuring agreement.

  • Ramius LLC, in relation to its stake in Eolia Renovables, one of Spain’s largest renewable energy companies, and the acquisition by Oaktree Capital of a majority stake in the same company.

  • ING, as one of the main creditors in the insolvency proceedings involving a number of Spanish toll roads concessionaire companies, as well as the sector rescue plan pursued by the Spanish Government – considered among the most legally challenging and sophisticated insolvency matters in recent years, which prompted two consecutive legal reforms.

  • Grupo Blanco, an international leading fashion retailer, through its €300m out-of-court negotiations with the creditor banks and the subsequent formal insolvency, where a groundbreaking restructuring and sale of the business was carried out in less than a year. The turnaround structure developed by our firm has since become a precedent for similar insolvencies and inspired the reform of Spain’s Insolvency Law that took place through Royal Decree-law 11/2014.

  • Two unrelated and well-known real estate groups, on their out-of-court debt restructurings.