Department profile
CMS

Corporate/M&A: High-end Capability

Europe Guide 2026 : Spain

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CMS

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About

Provided by CMS

CMS Albiñana & Suárez de Lezo's Corporate team has advised on some of the leading corporate M&A transactions in Spain in recent years. 


The team advises large listed, mid-size and small companies on all areas of corporate law including M&A, venture capital, outsourcing, capital markets, group restructuring and privatisation. The team has particular standout experience in the energy, banking and finance, infrastructure, telecommunications, insurance, pharmaceutical, real estate hotels and leisure, technology and the media

Chambers Review

Provided by Chambers

Corporate/M&A: High-end Capability - Spain

Band 4

What the Team is Known For
CMS leverages its longstanding role as governance adviser for major Spanish corporates to attract roles on high-profile M&A and restructuring mandates. Its capabilities extend to advising on high-end cross-border joint ventures. CMS is particularly popular among leading Spanish infrastructure, telecommunications and energy clients; the team also acts for important foreign corporates and private equity funds. The law firm maintains strong ties to the German market thanks to the reputations both of its European offices and of its experienced Madrid-based partners as well.
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Work Highlights

Provided by Chambers

  • CMS represented Carlyle in the USD3.8 billion acquisition of Vantive.

Strengths

Provided by Chambers

  • CMS is pragmatic and solution-oriented, with a high level of professional expertise.

    Corporate/M&A: High-end Capability respondentEurope

  • The team is very responsive, maintained good communication fluently and in multiple languages.

    Corporate/M&A: High-end Capability respondentEurope

  • CMS stands out for its strong negotiation skills, which have been particularly valuable in complex transactional contexts. It combines legal expertise with a pragmatic, solution-oriented approach.

    Corporate/M&A: High-end Capability respondentEurope

  • CMS offers in-depth knowledge of market practices.

    Corporate/M&A: High-end Capability respondentEurope

  • The knowledge and experience of the partners is very important to us, giving us peace of mind with their absolute availability.

    Corporate/M&A: High-end Capability respondentEurope

Notable Practitioners

Provided by Chambers

  • César Albiñana Cilveti
    César Albiñana Cilveti

    César Albiñana Cilveti

    Managing Partner César Albiñana Cilveti is a longstanding practitioner in the M&A space, frequently advising on transactions with cross-border elements.

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  • Luis Miguel de Dios Martínez
    Luis Miguel de Dios Martínez

    Luis Miguel de Dios Martínez

    Luis Miguel de Dios frequently advises German clients on the sale and acquisition of share capital in Spanish companies in the renewable energy, manufacturing and infrastructure sectors.
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  • Elena Aguilar
    Elena Aguilar

    Elena Aguilar

    Elena Aguilar is recognised for her expertise in conducting cross-border acquisitions, representing clients in the financial and retail sectors.

    • It is a pleasure to have a partner like her leading matters. She makes it simple, comfortable and you feel supported. She shares risks but advises on alternatives so you can make informed choices.

      Corporate/M&A: High-end Capability respondentEurope

    • Elena Aguilar is a great M&A lawyer with a clear client-oriented approach and great character to cope with the difficulties of transactions.

      Corporate/M&A: High-end Capability respondentEurope

    • Elena's excellent commercial acumen and tremendous ability to handle complex and sophisticated matters, are notable. She provides attentive and friendly service.

      Corporate/M&A: High-end Capability respondentEurope
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  • Ignacio Cerrato
    Ignacio Cerrato

    Ignacio Cerrato

    Ignacio Cerrato is recognised in the rankings on the basis of strong market support. He handles a variety of transactional and joint venture matters, both domestic and cross-border.

    • Ignacio has a great capacity for response and commitment.

      Corporate/M&A: High-end Capability respondentEurope

    • He stands out for his involvement in the details. He has a really high level of involvement and commercial judgement, with a good team behind.

      Corporate/M&A: High-end Capability respondentEurope

    • Ignacio is a great professional with a solid background in Corporate/M&A.

      Corporate/M&A: High-end Capability respondentEurope

    • Ignacio Cerrato has strong technical knowledge and rigour which makes him very reliable and efficient.

      Corporate/M&A: High-end Capability respondentEurope
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  • Ignacio Zarzalejos
    Ignacio Zarzalejos

    Ignacio Zarzalejos

    Ignacio Zarzalejos handles high-value sales and acquisitions in the infrastructure and telecommunications sectors.

    • He is very meticulous with a great capacity for finding solutions. He is also very open to finding possibilities, offering practical, firm and clear advice.

      Corporate/M&A: High-end Capability respondentEurope

    • Ignacio is very friendly and willing to adapt to the client's request.

      Corporate/M&A: High-end Capability respondentEurope

    • Ignacio Zarzalejos's availability is one of his greatest strengths.

      Corporate/M&A: High-end Capability respondentEurope
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  • Rafael Suárez de Lezo
    Rafael Suárez de Lezo

    Rafael Suárez de Lezo

    Rafael Suárez de Lezo represents corporates in the sale and acquisition of companies in the renewable energy and infrastructure sectors.

    • Rafael Suárez de Lezo's seniority, experience and practical approach allow him to add enormous value.

      Corporate/M&A: High-end Capability respondentEurope

    • Rafael is a very complete professional with a global vision.

      Corporate/M&A: High-end Capability respondentEurope
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Ranked Individuals at CMS (6)

Spain

  • Profile image of César Albiñana Cilveti

    César Albiñana Cilveti

    Corporate/M&A: High-end Capability

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  • Profile image of Luis Miguel de Dios Martínez

    Luis Miguel de Dios Martínez

    Corporate/M&A: High-end Capability

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  • Profile image of Rafael Suárez de Lezo

    Rafael Suárez de Lezo

    Corporate/M&A: High-end Capability

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Members

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