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SPAIN

There were 3,336 transactions worth a combined EUR 103.09bn in Spain in 2025, according to TTR Data's Annual Report. The report provides a complete analysis of the most prominent cross-border transactions, as well as the sectors undergoing most consolidation, led by Real Estate with 705 deals. The league tables in the final pages of the report contain a ranking of the leading legal and financial advisors, based on transactions announced in 2025.

PORTUGAL

There were 655 transactions worth a combined EUR 17.6bn in Portugal in 2025, according to TTR Data's 2025 Annual Report. The report provides a complete analysis of the most prominent cross-border transactions, as well as the sectors undergoing most consolidation, led by Real Estate with 105 deals over the course of the year. The league tables in the final pages of the report contain a ranking of the leading legal and financial advisors, based on transactions announced throughout 2025.

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SPAIN 

Liberty Media closes acquisition of Dorna

Advisors in this deal:

Financial Advisory:

• BNP Paribas
• Deloitte España
• Goldman Sachs
• Moelis & Company

Legal Advisory:

• Garrigues España
• KPMG Abogados
• Latham & Watkins
• Latham & Watkins España
• Latham & Watkins UK
• O'Melveny
• Pérez-Llorca
• Uría Menéndez España

Due Diligence:

• KPMG España

PORTUGAL 

Galp completes sale of 10% stake in upstream assets in Mozambique

Advisors in this deal:

Legal Advisory:

• Baker McKenzie UK
• PLMJ

Due Diligence:

• PwC Portugal