Fernando Torrente

Biography

Fernando Torrente has over 35 years of experience and is a leading practitioner of corporate and equity capital markets law in Spain. He has extensive experience in advising corporate clients, investment banks and private equity funds in M&A, including public take-overs and private acquisitions of shares and business, and equity capital markets, including IPOs, primary and secondary equity offerings, as well as reorganizations, joint ventures and general corporate work. Expert also in corporate governance, Fernando formed part of the group of lawyers that advised the Comisión Nacional del Mercado de Valores (CNMV) in preparing the Code of Good Governance of Listed Companies approved in February 2015.

Practice Focus

Fernando's practice focuses on M&A, public and private, and equity capital markets. His broad ECM practice includes IPOs, primary and secondary offerings and block trades.

Representative Legal Matters

Advised in some of the most prominent public M&A transactions, including Atlantia on the takeover bid over Abertis (€ 34,5 bn), the board of directors of Siemens Gamesa Renewables Energy, S.A. on the takeover bid launched by Siemens AG (€ 3,153 bn); Axiare on the takeover bid launched Colonial (€ 1,442 bn): the controlling shareholders of GAM on the takeover bid over such company (€ 57,2 m); Enel on the joint takeover bid over ENDESA (€ 42,11 bn) and the subsequent acquisition by Enel of the remaining 25 % stake owned by Acciona; Iberia Líneas Aereas de España on the takeover bid over Amadeus by BC Partners and Cinven (€ 4,6 bn); Banco Popular on the takeover bid over Banco Pastor (€ 1,34 bn).
Advised also some of the most recent relevant private M&A deals, including American Tower on the acquisition of Telxius Europe and Telxius Latham (7,7 bn); CLH on the acquisition of Inter Terminals Limited (€ 420 m); FCC on the sale of a 24,9 % interest in FCC Servicios Medio-ambiente to CPPG (€ 965 m); controlling shareholder of Restaurant Brands Iberia (Burger King Spain) on its sale in favour of Cinven (€ 1 bn); Imperial Brands on the sale of its cigars division (€ 1,225 bn); Mubadala on the sale of a 42% stake in Medgaz to Naturgy and Sonatrach (€ 550 m); Mubadala on the sale of a 37% stake in Cepsa to Carlyle (€ 2,9 bn).
More than 30 IPOs, including the privatization of state owned companies Iberia and Aldeasa, secondary offers of Repsol, Endesa and Telefónica; Applus+, Euskaltel, Talgo, Unicaja, Neinor, Axiare and the intended IPO of CEPSA.

Professional Honors

Band 1, Capital Markets: Equity and M&A, Chambers and Partners
Highly regarded, Capital Markets: Equity and M&A, IFLR1000

Professional Associations and Memberships

Madrid Bar Association

Corporate Responsibility

Chairman of Fundación Lo Que De Verdad Importa, since 2014

Admissions

Madrid~Spain

Education

Universidad CEU San Pablo (Law) (1986)

Languages

English
Spanish

He is the author of several legal publications such as, “The green shoe option in Spanish law” (1997); “Competing takeover bids: some pending questions” (2005); “Principles of the new takeover bid law” (2006); “Proposals for the new takeover bid law” (2006) “Takeover bids regulation: optional breakthrough regime for defensive measures against takeover bids. Comments on article 29 of the Takeover bid Spanish Code” (2008); “Mandatory takeover bid: vicissitudes affecting control of listed companies: loss, recovery and transformation of the way through which control can be exercised” (2010).