BlancaPuyol Martínez-Ferrando

Of Counsel

Madrid + 34.91.520.3939

Blanca Puyol has more than 20 years of experience advising domestic and multinational companies, investors and their portfolio companies, financial institutions, venture capital, and private equity funds on a range of domestic and cross-border transactions, buyouts, corporate restructurings, and joint ventures. She represents emerging companies and their managers and investors in various transactions, private and public M&A deals, shareholders' agreements, carve-outs, and other corporate matters, including directors and officers' duties and liabilities. She also acts as secretary to the board of directors for many Firm clients.

She advises on regulatory measures being taken by the Spanish government in relation to many M&A transactions including authorizations of foreign direct investments (FDIs).

Blanca has advised clients in numerous sectors such as technology, manufacturing, construction, energy, and retail. Her recent experience has focused on telecommunications including the €18.6 billion merger between Orange and Masmovil and Orange's $432 million acquisition of the internet service provider Ya.com from Deutsche Telecom AG. Other recent representations include advising Deutsche Balaton and Bridgepoint on the sale of Web Financial Group, S.A. to Allfunds; advising Partners Group on its divestment in Softonic International, S.A.; advising Active Venture Partners and BDMI in the granting by Cipio Partners of a venture loan to their portfolio company Whisbi Technologies; and Entravision Communications Corporation in its acquisition of Headway, a leading provider of performance digital marketing solutions.

In addition, Blanca lectures on the responsibility of corporate directors as part of the law program at Instituto de Empresa.

Blanca was recognized by TTR (Transactional Track Record) as the best woman Legal Dealmaker for M&A in Spain in 2022.

Experience

  • OX2 Holdings acquires four photovoltaic projects in Andalucia, SpainJones Day advised OX2 Holding New Markets AB in the acquisition of four photovoltaic projects in Andalucia, Spain, for a total capacity of 151.54 MWp.
  • Orange and Masmovil to combine in €18.6 billion mergerJones Day is advising Orange, S.A. ("Orange"), one of the world's leading telecommunications operators, on the combination of their telecom business in Spain with Masmovil, one of the leading telecommunications operators in Spain, for an enterprise value of €18.6 billion (€7.8 billion for Orange Spain and €10.9 billion for Masmovil).
  • Web Financial Group sells all its technology business to AllfundsJones Day represented Web Financial Group, S.A. in the sale of all its technology business to Allfunds, one of the world’s leading B2B WealthTech platforms for the fund industry.
  • 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.
  • Ferro Corporation sells its global Tile Coatings Business to Lone Star Funds for $460 millionJones Day advised Ferro Corporation, a leading global supplier of technology-based performance materials, in the sale of its global Tile Coatings Business to Pigments Spain, S.L., a portfolio company of Lone Star Funds, for $460 million in cash, with potential earnout payments of up to $32 million in cash based on the performance of the business pre-closing, subject to customary adjustments.
  • Entravision Communications acquires majority stake in RedmasJones Day represented Entravision Communications Corporation (NYSE: EVC) in the acquisition of a 51% interest in Redmas owned by the Cisneros Interactive Group.
  • Lincoln Electric responds to COVID-19Jones Day advised Lincoln Electric regarding compliance with government orders around the world regulating essential businesses and business activities during the COVID-19 pandemic.
  • Ferro expands receivables purchase programJones Day advised Ferro Corporation, a leading global supplier of technology-based functional coatings and color solutions, in connection with the expansion of its receivables purchase program with ING Belgium in Europe.
  • Whisbi receives €5 million investment from Cipio PartnersJones Day advised Whisbi in connection with the €5 million investment in Whisbi by Cipio Partners, a private equity fund.
  • Softonic sells 34% stake to U.S. investor Michael Levit and German group EyeoJones Day advised the shareholders of Softonic International S.A. in the sale of a 34% stake to the U.S. investor Michael Levit and German multinational Eyeo.
  • Whisbi Technologies obtains term loan facility and negotiates Share Option AgreementJones Day represented Whisbi Technologies, S.L. in connection with a term loan facility agreement provided by Columbia Lake Partners Growth Lending I (Luxco), S.à.r.l. and negotiation of a Share Option Agreement by virtue of which the shareholders of Whisbi granted a share option right and an equity investment right to Columbia Lake Partners, in connection with the financing granted by them to Whisbi.
  • Ferro acquires Quimicer SAJones Day advised Ferro Corporation in its acquisition of Quimicer S.A.
  • Spanish construction and services company Sacyr and Marguerite Fund refinance one of its Spanish road infrastructure assetsJones Day provided legal advice to Sacyr, Valoriza Conservación de Infraestructuras and Marguerite Silver in connection with the refinancing, through a bond issuance listed in Frankfurt, of the Arlanzón highway project located in Spain.
  • Ferro acquires Endeka CeramicsJones Day represented Ferro Corporation, a leading global supplier of technology-based performance materials, in connection with its acquisition of Endeka Group, a global producer of high-value coatings and key raw materials for the ceramic tile market.
  • Entravision Communications acquires HeadwayJones Day advised Entravision Communications Corporation in its acquisition of Headway, a leading provider of mobile, programmatic, data, and performance digital marketing solutions primarily in Argentina, Mexico, and the rest of Latin America, the United States, Spain, and Israel.
  • 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).
  • Edmmond & Co Shop sells minority interest to registered investment advisory firmJones Day advised Edmmond & Co Shop, S.L. in connection with its sale of a minority interest to a registered investment advisory firm.
  • Ferro acquires Pinturas BenicarlóJones Day advised Ferro Corporation in its acquisition of Pinturas Benicarló, S.L., a manufacturer of organic paints for container glass.
  • Aberdeen Infrastructure seeks counsel involving acquisition of certain stakes in share capital of three concessionaire companiesJones Day advised Aberdeen Infrastructure (HoldCo) B.V. in connection with the acquisition of a certain stake in the share capital of three concessionaire companies through a joint venture incorporated by client with Somague Concessôes.
  • Ferro acquires Nubiola for €149 million (US$165 million)Jones Day advised Ferro Corporation in its €149 million (US$165 million) acquisition of Barcelona-based Nubiola Pigmentos, a worldwide producer of specialty inorganic pigments and the world’s largest producer of Ultramarine Blue, a high-value pigment for plastics and construction industries due to its durability, unique color attributes, and its whitening capability.
  • Additional Publications

    • Marzo 2018
      Consecuencias prácticas del giro jurisprudencial en materia de retribución de consejeros, Expansión Jurídico
    • Abril 2017
      El deber de lealtad y el conflicto de interés del administrador. Actualidad Jurídica Aranzadi.
    • Mayo 2012
      Análisis de la Sentencia del Tribunal Supremo de 28 de febrero de 2011 (La Ley 4429/2011): valoración de la participación del socio que ejercita el derecho de separación, 2012 Práctica Mercantil para Abogados. Los casos más relevantes en 2011 de los grandes despachos
    • Marzo 2011
      De nuevo sobre la responsabilidad concursal de los administradores de sociedades, Cátedra José María Cervelló IE Law School
    • Marzo 2011
      El famoso artículo 5.3 de la vigente Ley Concursal, Cátedra José María Cervelló IE Law School
    • Febrero 2011
      V Premio José María Cervelló, Cátedra José María Cervelló IE Law School
    • Enero 2011
      El concurso de Musgo, Cátedra José María Cervelló IE Law School
    • January 2008
      El Proyecto de Ley de modificaciones estructurales, Expansión
    • June 2007
      Nueva regulación sobre las OPAS en España, Expansión
    • 2007
      Transposición de la Directiva sobre OPAS en Gran Bretaña, en RDBB, núm. 106, pgs. 214 y ss.
    • 2007
      El nuevo régimen español sobre las OPAS, Revista IURIS, pgs. 28 y ss.
    • 2007
      Régimen exoneración responsabilidad administradores”, Estudios de Derecho de Sociedades y Derecho concursal, Libro Homenaje Rafael García Villaverde, pgs. 582 y ss.
    • June 2006
      Nueva regulación sobre las OPAS en España, Cinco Días

    Speaking Engagements

    • March 9, 2012
      From Law Firm to Classroom
    • 9 de marzo 2012
      Cuando el Bufete se Tansforma en Aula