Ester del Valle Izquierdo
  1. Counsel

Ms. del Valle Izquierdo is counsel in Davis Polk’s Corporate Department, practicing in the Madrid office. Her practice includes representing companies and investment banks in international capital markets transactions, including IPOs, rights issues and investment-grade debt and high-yield bond offerings. She also advises non-U.S. companies on general corporate matters, including with respect to corporate governance, SEC reporting and other compliance matters.

Work Highlights

Significant Capital Markets Transactions
  • Initial public offerings of AEDAS Homes, AENA, Lar, Bankia and Logista
  • €5.1 billion SEC-registered rights offering by Banco Bilbao Vizcaya Argentaria
  • €3 billion SEC-registered rights offering by Telefónica
  • Rights offerings by Cellnex Telecom, Banco Sabadell, Banco Popular, Lar, OHL and Colonial
  • High-yield and SEC-registered equity offerings by Abengoa, including Abengoa’s €450 million SEC-registered initial public offering
  • SEC-registered debt offerings by Telefónica and Banco Bilbao Vizcaya Argentaria
  • Secondary equity offerings of YPF
Significant Mergers and Acquisitions Transactions
  • Ferrovial’s merger with Cintra


  • Iberian Lawyer – 40 Under Forty, 2017

Professional History

  • Counsel, 2016-present
  • Associate, Davis Polk, 2007-2016
  • New York office, 2007-2008
  • Cuatrecasas (Madrid, Barcelona, and São Paulo), 2004-2007

Practice Focus

Bar Admissions

  • State of New York


  • J.D., Universidad Carlos III de Madrid, Facultad de Ciencias Sociales y Jurídicas, 2004
  • B.A., Economics, Universidad Carlos III de Madrid, Facultad de Ciencias Sociales y Jurídicas, 2004
  • LL.M., New York University School of Law, 2007
    • Fulbright scholar
    • Hugo Grotius Scholar
    • Graduate Editor, NYU Journal of International Law and Politics
  • Advanced Professional Certificate, New York University, Leonard N. Stern School of Business, 2007
    • John L. Vogelstein Scholar


  • Spanish
  • French