About

Banco Sabadell’s knowledgeable and experienced legal team has developed dramatically in recent years, in line with the Catalan financial institution’s recent expansion. Seen as one of the strongest teams within the bank, the legal team has been an integral part of the growth of the company in the UK, supporting its recent £1.7bn acquisition of TSB. The swift and flawless execution of the transaction in 2015 has provided an exciting route into the UK retail banking sector, positioning it to compete with the country’s largest lenders. This step has been part of the bank’s plan to ‘internationalise’ in an attempt to diversify away from Spain and focus on other core European markets. Positioned at the heart of the commercial affairs of the bank, the legal team has been praised for influencing this strategy by closing key cross-border M&A, private equity and venture capital transactions. For example, facilitating the $1bn sale of Banco Sabadell’s US retail banking operations, in 2017, generated a big capital gain for the bank that enables it to continue focusing on key markets in Europe.