ManuelVara Varea

Of Counsel

Madrid + 34.91.520.3954

Manuel Vara has more than 25 years of experience advising domestic and international clients on national and cross-border M&A/takeovers, buyouts, and private equity transactions across a variety of sectors. He counsels industrial and venture capital companies on a wide range of transactions including joint ventures, restructurings, and corporate governance issues. Manuel is frequently involved in multijurisdictional transactions in collaboration with other Jones Day offices worldwide. He is also general counsel and secretary of the board of several private companies.

Recent transactions where Manuel has participated include Investcorp's €605 million sale of Esmalglass, a leading producer of ceramic colors, to Lone Star; the representation of a syndicate of bank lenders in connection with a debt equity swap transaction in the context of the restructuring of nearly €2 billion debt owed by Grupo Isolux Corsan S.A., a listed construction and engineering company; and the representation of Thyssenkrupp in the distressed acquisition of a business unit of Thyssen Ros Casares, S.A., a company undergoing bankruptcy proceedings.

Other companies with which Manuel has worked on substantial matters include Abercrombie & Fitch, CareerBuilder, Celgene, Colt Telecom, Dole Foods, Lafarge, Lubrizol, Orange, BlackBerry, Review Rank, STERIS, Sumitomo Bakelite, Shiji, Total, and Viessmann and private equity firms such as WL Ross & Co, Ahorro Corporación, Elaia Partners, Fides Capital, and Granville Baird Capital Partners.

Experience

  • Guardian Europe S.à r.l. sold Guardian Automotive glass business to PARTER Capital Group AGJones Day advised Guardian Europe S.à r.l., a subsidiary of Koch Industries, Inc., in the sale of its Guardian Automotive aftermarket glass fabrication and distribution business to PARTER Capital Group AG.
  • Pepper Group to sell Pepper European Servicing to Link Group for €165 millionJones Day is advising Pepper Group Limited, a leading diversified global consumer finance business, in connection with its sale of Pepper European Servicing (PES) to Link Group.
  • Merchant banking firm and Fortress Credit provide secured credit facility to Win SystemsJones Day represented a merchant banking firm and Fortress Credit Corp. in connection with a secured credit facility provided to Win Systems, an international developer of gaming machines software and manufacturer of gaming machines.
  • Greystar acquires student accommodation portfolio in SpainJones Day advised Greystar Real Estate Partners, LLC in its joint venture with AXA Investment Managers - Real Assets, acting on behalf of its clients, and CBRE Global Investment Partners (CBRE GIP), also acting on behalf of its clients, in its acquisition of a portfolio of 37 student residences in Spain (33 operating and 4 under development) owned by Grupo RESA (Spain's market leader in student accommodation), from Azora, Arta Capital, Banca March, and Mutua Madrileña.
  • One Equity Partners acquires OneLinkJones Day represented One Equity Partners in connection with its acquisition of OneLink Holdings, S.A., a provider of business process outsourcing services.
  • Investcorp sells Esmalglass to Lone Star for €605 million (US$695 million)Jones Day advised Investcorp, a leading provider and manager of alternative investment products, in the €605 million (US$695 million) sale of Esmalglass, a leading producer of ceramic colors and glazes, to Lone Star.
  • International Automotive Components and Shanghai Shenda complete joint venture transaction forming AuriaJones Day advised International Automotive Components Group S.A. ("IAC") in the formation of Auria Solutions Ltd., a new global supplier of soft trim and acoustical products for the automotive industry and joint venture with Shanghai Shenda Co. Ltd. ("Shenda") .
  • Cardinal Health acquires leading patient product portfolio from Medtronic for $6.1 billionJones Day advised Cardinal Health on the acquisition of Medtronic's Patient Care, Deep Vein Thrombosis and Nutritional Insufficiency businesses for $6.1 billion in cash.
  • Euronext attempts to acquire LCH.Clearnet SAJones Day advised Euronext N.V. in its attempted €510 million (US$530 million) all-cash offer to LCH.Clearnet Group Limited and London Stock Exchange Group plc to acquire LCH.Clearnet SA, a leading EMIR-authorized central counterparty serving Euronext's markets, pan-European electronic trading platforms, and OTC markets, which is headquartered in Paris with branches in Amsterdam and Brussels, as well as a representative office in Porto.
  • Syndicate of lenders led by Banco Sabadell and Bankia provide debt restructuring to Grupo SeguriberJones Day advised a syndicate of lenders led by Banco Sabadell and Bankia in connection with the debt restructuring of the Spanish entity Grupo Seguriber which included advancing new money and creating a quasi equity instrument.
  • Review Rank d/b/a ReviewPro sells majority stake to Shiji TechnologyJones Day represented Review Rank, S.A. d/b/a ReviewPro, a leading provider of guest intelligence solutions to the hospitality industry, in connection with its sale of a majority stake to Shiji Technology, a large hotel technology company.
  • Syndicate of lenders provides financing to Grupo Isolux Corsan for its restructuring of debtJones Day provided legal advice to a syndicate of Lenders (excluding bondholders) in a financing transaction to Grupo Isolux Corsan S.A., a listed global Spanish construction and engineering company, in the restructuring of nearly €2 billion debt owed by the worldwide-based group of companies.
  • Investcorp International acquires Agromillora CatalanaJones Day advised Investcorp International Ltd. in its acquisition of a majority stake in Agromillora Catalana, S.A., parent holding company of an international group engaged in the production, propagation, and genetic development of woody trees species and rootstocks for agricultural use, from Nazca.
  • Tenneco sells business related automotive production plant in Gijon, Spain to Quantum Capital PartnersJones Day represented Tenneco GmbH, a developer, manufacturer, and supplier of exhaust systems to automotive manufacturers, in connection with its sale of the business related to the automotive production plant in Gijon, Spain to Quantum Capital Partners AG.
  • Nokia Growth Partners purchases Convertible Notes in videogame developer focused on tablets and mobile platformJones Day advised Nokia Growth Partners, L.P. in connection with its Convertible Note financing to a videogame developer focused on tablets and mobile platforms.
  • GfK sells animal and crop health divisionJones Day is representing GfK SE, a market research provider, in connection with the sale of its global animal and crop health division to a consortium consisting of Inflexion, a private equity investor, and the current management.
  • Cardinal Health acquires Cordis for $1.9 billionJones Day advised Cardinal Health, Inc. in its acquisition of Johnson & Johnson's Cordis business, a leading global manufacturer of cardiology and endovascular devices, for $1.9 billion in cash.
  • Large automotive interior components supplier obtains $300 million and €175 million senior secured global revolving credit facilitiesJones Day represented a large automotive interior components supplier in connection with the negotiation and documentation of $300 million and €175 million (US$196.7 million) senior secured global revolving credit facilities with a syndicate of banks led by CF Lending, LLC as administrative agent and GE Capital Markets, Inc. as lead arranger.
  • Schibsted sells Grupo 20 MinutosJones Day advised Schibsted ASA in the sale of the business of Spanish subsidiary Grupo 20 Minutos, S.L. which is engaged in the business of publishing the free newspaper 20 Minutos both in print and online.
  • Teradyne acquires Universal Robots for $285 millionJones Day advised Teradyne, Inc. in its $285 million acquisition of Universal Robots, a leading supplier of collaborative robots: low-cost, easy-to-deploy, and simple-to-program robots that work side by side with production workers to improve quality and increase manufacturing efficiency.
  • Additional Publications

    • July 2013
      Inquietudes de financiadores y compradores en recientes operaciones de LBO en relación con cobertura de «reps & warranties», inscripción registral de garantías y «due diligence» del área de «compliance», 2013 Práctica Mercantil para Abogados. Los casos más relevantes en 2012 de los grandes despachos

    Speaking Engagements

    • April 28, 2015
      Planificación Fiscal EEUU-EU: Retos y Oportunidades, Jones Day's Madrid Office
    • March 24, 2014
      Assessing Investment Opportunities in Spain: An Outlook for 2014
    • December 16, 2004
      Spanish legal regulation of M&A (I), Master of International Law at San Pablo CEU University
    • July 14, 2004
      The Importance of the Shareholders' Agreement, Cibernos TV
    We use cookies to deliver our online services. Details of the cookies and other tracking technologies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you consent to our use of cookies.