Ignacio Pallarés advises private equity funds and leading Spanish companies on all aspects of corporate law, with a particular emphasis on complex, cross-border M&A.

Mr. Pallarés draws on a sophisticated understanding of the local market and long-standing client relationships spanning multiple industries to execute:

  • Private equity investments in Spanish targets
  • M&A transactions in Spain involving Spanish companies
  • Cross-border transactions for Spanish multinational clients

He approaches client relationships with an eye toward long-term growth and crafts strategic solutions that resonate across markets. Mr. Pallarés leverages his commercial pragmatism to help clients anticipate and address issues that may arise during negotiations.

Mr. Pallarés’ experience includes advising:

Private Equity

  • Platinum Equity on acquiring:
    • Urbaser, one of the world’s largest environmental services providers, from China Tianying for an enterprise value of approximately US$4.2 billion
    • Iberconsa, a global provider of frozen seafood products
  • Triton Partners on acquiring Fertiberia, a Spain-based company that manufactures and markets fertilizers and agricultural chemicals, from Grupo Villar Mir
  • The Carlyle Group on acquiring:
    • A majority stake in Garnica Group, a leading global manufacturer of premium plywood solutions, from ICG
    • Altadia Group, a leading Spanish ceramic products manufacturer, for €1.9 billion
    • A majority stake in Codorníu, the oldest family-owned cava producer in Spain
    • Gleva Cellars, a major wine producer based in Spain
    • Digitex Informática Holding, a business process outsourcing services provider in Spain and Latin America
    • Applus Servicios Tecnológicos, Spain’s largest inspection, certification, and technological services company, for €1.48 million
  • Solum Partners on acquiring Agrupa Lettuce, a leading Spanish agricultural holding company
  • L Catterton on:
    • Selling El Ganso, a major Madrid-based fashion brand
    • Acquiring an 80% stake in Goiko Grill, a fast-casual restaurant chain headquartered in Madrid
  • Partners Group on:
    • Creating a €400 million joint venture with Dunas Capital to invest in real estate assets in Spain
    • Selling its stake in Softonic, a Spain-based operator of a software downloading website
    • Creating the joint venture Aristeas Logística, a platform for investing in logistic real estate assets

Mergers & Acquisitions

  • Telefonica on selling:
    • Its business in El Salvador to General International Telecom 
    • A majority stake in its fiber optic network in Chile and Colombia to KKR
    • Telefónica Costa Rica, one of Costa Rica’s largest mobile service providers, to Liberty Latin America
  • Prosegur Cash, a Spanish-listed company, on acquiring a majority stake in the ChangeGroup, an international group dedicated to foreign exchange activities
  • Sener and Masdar on selling Torresol Energy Investments, a company in the thermosolar energy industry, to Q-Energy
  • X-Elio Energy, a Spain-based renewable energy services provider, on selling its solar asset portfolio to China Three Gorges
  • Iberdrola on selling a 40% stake in East Anglia ONE offshore wind farm to Green Investment Group 
  • Cerner, a US-based information technology company, on its US$1.3 billion acquisition of Germany-headquartered Siemens AG’s hospital information system solution
  • Repsol, a Spanish energy company, on:
    • Acquiring 100% of the share capital of Asterion Energies and its subsidiaries in Spain, France, and Italy
    • Selling its upstream business in Ecuador to New Stratus Energy 
    • Selling a 49% stake in the Valdesolar photovoltaic project to The Renewables Infrastructure Group 
    • Selling a 49% stake in its Delta wind farm portfolio to Pontegadea
    • A placing agreement for 5% of its treasury stock through an accelerated book built offering
    • Selling 40% of its Brazilian subsidiary to Sinopec, a Beijing-based oil and gas enterprise, for US$17.8 billion
    • Its €2.2 billion disposal of a stake in YPF, an Argentine energy company, to Argentine conglomerate Grupo Petersen

Bar Qualification

  • Spain (Abogado)


  • LLM, Duke University School of Law, 2000
  • BA (Law), Universidad de Barcelona, 1997

Languages Spoken

  • English
  • Spanish
  • Catalan