Freshfields advises Warburg Pincus on Singular Bank sale
Freshfields has advised Warburg Pincus, the private equity firm, on the sale of its majority stake in Singular Bank, a Spanish private banking group. The transaction marks Warburg Pincus’s exit from the Spanish private banking sector.
Singular Bank operates in the private banking and wealth management sector in Spain. The sale of Warburg Pincus’s majority stake represents a shift in the bank’s ownership structure, though further details on the buyer and the specific terms of the transaction were not made available in the information provided.
The cross-border Freshfields M&A team comprises partner Patrick Ko, senior associate Alex Ryan and associate Charmaine Ho in London, and partner David Franco, counsel Carla Gómez and associate Xabier León in Madrid. London partner James Smethurst supported on regulatory matters whilst Madrid partner Bosco Montejo and senior associate Javier Sánchez advised on tax matters.
