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Michael J. Willisch
Partner

Mr. Willisch is a partner in Davis Polk’s Corporate Department, a member of the Spain and Latin America Practice Group and the head of our Madrid office. He advises U.S. and non-U.S. companies on capital markets transactions, mergers and acquisitions, private equity investments and credit transactions.

Work Highlights

Significant Capital Markets Transactions
  • Has advised on most initial public offerings completed in Spain since 2004, including those of Aedas, Unicaja, Prosegur Cash, Cellnex Telecom, Aena, Logista, Lar, Hispania, Bankia, Banca Cívica, Amadeus, Rovi, Fluidra, Criteria Caixa Corp., Codere, Almirall, Realia, Clínica Baviera, Vueling, Vocento, Bolsas y Mercados Españoles (the owner of the Spanish stock exchanges), Parquesol, Renta Corporación, Grifols, Corporación Dermoestética, Fadesa, Telecinco and Cintra
  • Rights offerings by Colonial, Banco Sabadell, Banco Popular, Banco Espírito Santo, OHL and Telefónica
  • High-yield and SEC-registered equity offerings by Abengoa and Atlantica Yield
  • Banco Bilbao Vizcaya Argentaria on equity, debt and hybrid SEC-registered offerings
  • Telefónica on over $10 billion in SEC-registered notes offerings

Mr. Willisch also has advised on some of the largest capital markets transactions ever by Spanish issuers, including:

  • Inditex (the owner of Zara and five other fashion chains) on its €2.4 billion initial public offering
  • The underwriters on Telefónica Móviles’ €3 billion initial public offering
Significant Mergers and Acquisitions Transactions
  • TiGenix on its $624 million pending acquisition by Takeda
  • Ferrovial on its merger with Cintra
  • Banco Bilbao Vizcaya Argentaria on its $10 billion acquisition of Compass Bancshares
  • Telefónica on its respective mergers with Telefónica Móviles and Terra Networks
  • Banco Bilbao Vizcaya Argentaria on its €4.1 billion cash tender offer for the remaining stake in BBVA Bancomer, Mexico’s largest bank

He has also advised on a number of in-bound or private equity investments in Spain, including:

  • Hamilton Lane on its investment in Grupo Multiasistencia
  • Royal Caribbean Cruise Lines on its acquisition of Pullmantur
  • Quadrangle Capital Partners on its investment in Group Ono
Significant Credit Transactions
  • Westbourne Capital on its notes facility with Atlantica Yield
  • An Oaktree-sponsored vehicle on a leveraged loan secured by its interest in Eolia

Recognition

Mr. Willisch is consistently recognized for his work in the legal industry:

  • Chambers Global 2018 and Chambers Europe 2018 – Band 1, Spain: Banking & Finance (U.S.-Qualified Experts)  
  • Chambers Global 2018 and Chambers Europe 2018 – Band 1, Spain: Capital Markets (U.S. Law) 
  •  Chambers Global 2014 – Foreign Expert, U.S. Expertise Based in Spain: Capital Markets Debt & Equity
  • IFLR1000 Spain: Capital Markets Debt & Equity

He is recognized as a leading lawyer in several legal industry publications, including:

  • Chambers Global
  • Chambers Europe
  • Practical Law Company’s Cross-border Capital Markets Handbook and Cross-border Finance: Secured Lending Handbook
  • Legal Media Group’s Expert Guide to the World’s Leading Capital Markets Lawyers
  • Legal 500 EMEA

Professional History

  • Partner, 2002-present
  • Associate, 1995-2002
  • London office, 1997-2001
  • Madrid office, 2002-present

    Contact

    • Paseo de la Castellana, 41
      Madrid
      28046
      P: +34 91 768 9610
      F: +34 91 768 9710

    Bar Admissions

    • State of New York

    Education

    • B.S., Finance, University of Utah, 1991
      • cum laude
    • B.A., Spanish, University of Utah, 1991
      • magna cum laude
    • J.D., Northwestern University School of Law, 1994
      • cum laude
      • Note and Comment Editor, Northwestern University Law Review

    Languages

    • Spanish