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Federico Fruhbeck
Federico Fruhbeck
Partner — Mergers & Acquisitions and Capital Markets
Partner — Mergers & Acquisitions and Capital Markets

Federico Fruhbeck

Federico Fruhbeck
London

20 Fenchurch Street
24th Floor
London EC3M 3BY
United Kingdom

start quote symbolAs my career evolves, I have found myself becoming a trusted advisor to many of my clients. It’s exciting to be able to work continuously for the same people because they value my opinion, calling on me for guidance on strategic positions and transactions. It also allows me to act more effectively as counsel, and in turn, I’ve formed strong friendships.end quote symbol
Federico Fruhbeck

Federico Fruhbeck is an M&A and corporate finance lawyer who regularly represents clients across Europe and Latin America in complex, cross-border transactions. He advises private equity and corporate clients in the acquisition and sale of companies, as well as advises both issuers and underwriters on capital market transactions—in particular, high-yield issuances and initial public offerings.

Federico has experience in a range of industries, including the automotive, energy, consumer, manufacturing and financial services sectors, with a particular focus on Spain, Italy, Germany and Greece. A native Spanish speaker, Federico is a frequent panelist on discussions on private equity at universities in Spain, most notably at IE University, or Instituto de Empresa. In addition to Spanish, he is fluent in English, German and French.

Recent Experience Highlights

  • KKR in the sale of European Locomotive Leasing, a leading pan-European provider of electric locomotive leasing solutions, to AXA Investment Managers – Real Assets and Crédit Agricole Assurances

  • KKR in multiple acquisitions, divestments and joint ventures, including the acquisition of Välinge, the tender offer, acquisition and joint venture arrangements in connection with GfK SE, the acquisition and subsequent additional investment in Saba Aparcamientos, the sale of KION AG, the acquisition of PortAventura and Telxius, in the acquisition and subsequent merger of Mehilainen and Mediverkko, as well as representing KKR portfolio companies on multiple investments

  • Groupe Bruxelles Lambert, the Belgium-based investment holding company, in its acquisition of a majority stake in Webhelp, one of the world’s leading call centre operators headquartered in Paris; Deal values Webhelp at €2.4bn (enterprise value), making the acquisition both the largest LBO transaction in France in 2019 and the first for Groupe Bruxelles Lambert

  • Asterion Industrial Partners in several transactions, including: (i) their inaugural acquisition of Proxiserve, a French services business; and (ii) the acquisition of Energy Assets Group plc, a UK energy metering business, from Alinda and Hermes Infrastructure

  • An international investment fund in the acquisition of €3 billion in NPLs, REOs and other assets from a Spanish bank

  • An international investment fund in an acquisition and joint venture to acquire one of the largest fleets of feeder vessels in Europe, based in Greece

  • An institutional investment management firm on a line of equity investment into a UK telecom infrastructure provider and commercial contracts relating to the construction, management and marketing of 5G telecom infrastructure

  • The Blackstone Group in several acquisitions, including its acquisition of Alliance Automotive Group

  • First Reserve in the acquisition of a €300 million stake in Abengoa, a Spanish infrastructure and energy conglomerate

  • Sponsors and issuers in multiple high yield issuances, including KKR (Bond Aviation and KION AG), Blackstone (Alliance Automotive Group), Apax (Travelex and Rhiag), TDR Capital (IMO Carwash) and HG Capital (TeamSystem), as well as several Spanish issuers, including Gestamp Automocion, Grupo Antolin-Irausa and PortAventura

  • The initial purchasers in multiple high yield issuances, including Neptune, Tullow Oil, Aker BP, Kabel Deutschland, TVN/PTH, as well as in respect of Spanish issuers such as Cirsa, NH Hoteles, Empark and ENCE

  • OHL Concesiones, the seventh largest infrastructure concessions group in the world,  in its tender offer to acquire, together with IFM Global Infrastructure Fund, 100% of the outstanding public share capital OHL México for approximately $1 billion

  • Gestamp in its sale of its wind portfolio business in Brazil to Actis for €700 million

  • An international investment fund in the attempted bid to acquire the largest amusement park company in Spain

  • Representing issuers in multiple initial public offerings including Vitol Group and Helios Investment Partners in Vivo Energy’s £2 billion IPO in the London Stock Exchange, Gestamp Automocion in its €1 billion initial public offering on the Madrid Stock Exchange and representing KKR in the initial public offering of KION AG

  • Representing public entities, including KfW, in over 40 transactions for an aggregate value of over €150 billion

Credentials

  • Columbia Law School, New York, NY, LLM – Banking, Corporate, Finance and Securities Law, Harlan Fiske Stone Scholar
  • Comillas Pontifical University / ICADE, Madrid, Licentiate degree (JD equivalent). Law, Sobresaliente – Summa Cum Laude
  • Legal 500 UK, Finance: High Yield, 2020
  • Legal 500 UK, Corporate and Commercial, M&A Upper Mid Market and Premium Deals, 2018
  • Adviser of Fundación Albéniz, a Spanish foundation promoting young musicians
  • New York
  • Spain
  • Spanish (fluent), French (fluent), German (fluent) and Italian (proficient)
  • “The Role of Funds in Refinancing and Restructuring Transactions in Spain,” Restructuring and Refinancing Meetup Barcelona, June 18, 2019 (speaker)