ECIJA consolidates its position in the main transactions of the Spanish market in 2025

A growing market despite uncertainty

Despite an environment marked by geopolitical and economic uncertainty, transactional activity in Spain remained strong throughout 2025. The increase in the aggregate value of transactions reflects the resilience of the market and the appeal of certain strategic assets to international investors, especially in sectors such as energy, telecommunications, infrastructure, sports, and entertainment.

This dynamism has been accompanied by increasingly sophisticated transactions that require highly specialized legal advice, with a cross-cutting vision that combines expertise in corporate, regulatory, tax, and governance matters.

The role of ECIJA in one of the key transactions of the year

In this context, ECIJA played a significant role in the transaction in which Apollo Global Management acquired approximately 55% of the capital of Atlético de Madrid, a transaction that was completed in November 2025. The transaction valued the club at around €2.5 billion, making it one of the largest investments in professional sports in Spain.

The transaction enabled a top-tier institutional investor to become a shareholder of the club, while historical shareholders remained in the capital and the financial and growth structure of the entity was strengthened. The complexity of the deal, both due to the nature of the asset and its media, regulatory, and economic impact, required thorough and highly specialized legal advice, in which ECIJA contributed its experience in corporate transactions, international investment, and assets linked to the digital and entertainment economy.

Strategic positioning in high-impact transactions

ECIJA's participation in this historic operation reinforces its position as a firm capable of advising on large-scale strategic transactions with a high degree of complexity, especially in sectors where international investment, specific regulation, and high-value assets converge.

This milestone is part of the established trajectory of the firm in the mergers and acquisitions (M&A), private equity, and special transactions market, accompanying investors and companies in key processes for their growth, transformation, and global positioning.

Looking forward to 2026

The close of 2025 confirms a trend that is expected to continue into 2026: an active transactional market, with selective and increasingly sophisticated operations, in which specialized legal advice will be a decisive factor. In this context, ECIJA is consolidating its position as a key player in the ecosystem of major transactions, combining sector knowledge, an international perspective, and a clear focus on companies in the new economy.

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