MiguelBermúdez de Castro


Madrid + 34.91.520.3939

Miguel Bermúdez de Castro has more than 25 years of experience representing domestic and international clients on cross-border corporate and finance matters. His practice encompasses M&A, corporate restructuring, project finance, refinancing, and public concessions. Miguel has advised on transactions in a range of sectors such as infrastructure, technology, construction, food and beverage, energy, real estate, health care, sports, and media. He has worked with many Spanish companies on their international expansion into new markets such as Latin America.

Miguel's recent engagements include the representation of CBRE Global Investment Partners in the acquisition of an important portfolio of residential assets and the formation of a joint venture with Montepino, the acquisition of Tecnopol by the multinational MAPEI company, and the disinvestment of Bancalé in the distributor K-Tuin. He also has advised Grupo Paraguas, a well-known group of restaurants, on the sale of a minority investment to Dogus Group, as well as the project to expand their business in Spain and in different countries, and David Lloyd in connection with its European expansion plan and the establishment of several private leisure centers in numerous locations. Other clients he has advised on corporate and transactional matters include ABB, All Sports Media, Andbank, Banco Inversis, Bovis Project Management, Cunningham Lindsey, Filmmaster, Grupo Cofares, Grupo Facundo, Grupo Hima San Pablo, Grupo Netco, Hope Stores, Indra, Jennmar, Lend Lease, Nextel, Neuberger, Orange, PSMK, the Royal Spanish Football Federation, Santa María Polo Club de Sotogrande, Sherwin-Williams, Tedec-Meiji, Unificacion de Cartera Accionarial, and Vitania Residencial.

Miguel serves as secretary to the board of several companies and foundations and teaches at the IE Business School.


  • Iridium Concesiones de Infraestructuras, S.A. (ACS group) sells 80% stake in Nuevo Hospital de ToledoJones Day advised Iridium Concesiones de Infraestructuras, S.A. (ACS group) in the €58 million sale of its 80% interest in Nuevo Hospital de Toledo, S.A. to BSIP Spain HoldCo, S.L., a company managed by Brookfield.
  • Cascades sells controlling interest in Reno De Medici to ApolloJones Day represented Cascades Inc. (TSX: CAS) in the sale of its 57.6% interest in dual-listed Reno De Medici S.p.A., a recycled cartonboard manufacturer listed on the Italian stock exchange (BIT: RM) and on the Madrid stock exchange (BME: RDM) with a market cap in excess of €500 million, to an affiliate of funds managed by Apollo Global Management, Inc. (NYSE: APO) for an all-cash purchase price of €1.45 per share, corresponding to an overall consideration of €315.3 million.
  • Solmax acquires TenCate GeosyntheticsJones Day advised Groupe Solmax Inc. (Solmax), the global leader in the production of high-quality polyethylene geomembranes for industrial and environmental applications, and its shareholders (including institutional investors Caisse de dépot et placement du Québec and Fonds de Solidarité FTQ), in connection with Solmax’s acquisition of TenCate Geosynthetics Holding B.V., a global provider of geosynthetics and industrial fabrics, from Dutch conglomerate Koninklijke Ten Cate (Royal Ten Cate, the Netherlands), and advised on the related senior secured financing to support the acquisition.
  • CBRE Global Investors disposes of Spanish logistics portfolio to BankinterJones Day advised CBRE Global Investors, on behalf of its value-add fund European Value Partners (EVP 2), and its joint venture partner Valfondo (a developer and manager of Montepino logistics assets in Spain) on the sale to Bankinter of a portfolio of 22 Spanish logistics assets, totaling 865,000 sqm, together with a development pipeline of a further 13 logistics assets.
  • Hornblower Group acquires WalksJones Day advised Hornblower Group, Inc. in its acquisition of Walks, a technology-enabled services platform for sightseeing tours and travel activities.
  • Uniphore acquires Emotion Research Labs, S.L.Jones Day represented Uniphore Technologies Inc., an early leader in Conversational Service Automation (CSA), in its acquisition of Emotion Research Labs, S.L., a leading software developer that uses AI and machine learning, to identify emotion and engagement levels in real-time over video-based interactions.
  • Financial institution establishes joint venture investment vehicle for acquisition of receivables portfoliosJones Day advised an independent financial institution on the setup of a joint venture investment vehicle with EBN Banco for the acquisition of receivables portfolios of Spanish public administration.
  • Belden completes Grass Valley divestitureJones Day acted as Spanish counsel to Belden Inc. in the sale of its Live Media business ("Grass Valley") to Black Dragon Capital.
  • CBRE Global with Azora and Tamerlane acquires "Heart" of Vicente CalderonJones Day advised CBRE Global Investment Partners in its acquisition with Azora and Tamerlane to acquire and develop the best two plots in the Green Corridor of Madrid Rio, owned by the Football Club Atletico de Madrid and located in the former Vicente Calderon Football Stadium premises.
  • BANCALE, the Spanish Family Office divests 100% stake in distributor K-TuinJones Day provided legal advice to Bancale in the divestment of 100% stake in the distributor K-Tuin.
  • CBRE Global Investment Partners acquires 6,458-unit portfolio of Spanish residential properties for €870 millionJones Day advised CBRE Global Investment Partners in connection with its acquisition of a 6,458-unit portfolio of Spanish residential properties valued at €870 million.
  • Mapei acquires TecnopolJones Day advised Mapei S.p.A. in its acquisition of Tecnopol Sistemas, S.L.U., a Spanish chemical company leader in the production and distribution of waterproofing and insulation systems for the construction industry.
  • Montepino Logística to acquire and develop portfolio of prime assets in Guadalajara, Spain.Jones Day advised Montepino Logística in order to acquire and develop a portfolio of prime assets in Guadalajara, Spain.
  • CBRE Global Investors and Montepino form joint venture to develop portfolio of prime assets in core locations in SpainJones Day advised CBRE Global Investors in its formation of a joint venture with Montepino to develop a portfolio of prime assets in core locations in Spain.
  • Comienzos Siglo XXI sells minority investment in Grupo Paraguas to Dream International B.VJones Day advised Comienzos Siglo XXI, S.L. in connection with the sale of a minority investment in Grupo Paraguas, a well-known group of restaurants in Madrid, as well as the project to expand their business in Spain and in different countries and cities, to Dream International B.V (Dogus Group).
  • Jennmar enters into acquisitions and divestitures agreement with DYWIDAG Systems InternationalJones Day advised Jennmar in its agreements to conduct a series of international acquisitions and divestitures with DYWIDAG Systems International ("DSI").
  • Lend Lease sells its equity interest in Hospital MajadahondaJones Day represented Lend Lease in the sale process of its equity interest in the concessionaire company Hospital de Majadahonda S.A. and the infrastructure company, Sociedad Hospital de Majadahonda Explotaciones S.L., for the concession of the construction and operation of the Puerta de Hierro Majadahonda Hospital, Madrid.
  • David Lloyd Leisure acquires Club de Tenis AravacaJones Day represented David Lloyd Leisure Espãna II, S.L. in its acquisition of Club de Tenis Aravaca, a tennis sport club in Madrid, Spain, and in the refurbishment and construction of a new club to be opened in 2017.
  • Orange successfully completes $4.4 billion tender offer for JazztelJones Day advised Orange SA, a leading global telecommunications company, in connection with the €3.4 billion (US$4.4 billion) friendly tender cash offer at €13 ($16) a share for the acquisition of Jazztel, a listed Spanish company and fourth operator in the telecoms market in Spain.
  • Minorbis closes shareholder's agreement for operation and exploitation of €303 million Aznalcollar mine in Seville, SpainJones Day represented Minorbis S.L.U. in the closing of a shareholder's agreement for the operation and exploitation of the €303 million Aznalcollar mine in Seville, Spain, between Grupo Mexico and Minorbis.
  • Speaking Engagements

    • 25 de mayo, 2016
      Las multas a los directivos por infracción de la normativa de Competencia y la Responsabilidad Penal