Garrigues advised Inverseguros on its acquisition by asset manager Dunas Capital.
Dunas Capital was advised by Ashurst on the deal.
The transaction was valued at €50 million, according to Mergermarket data.
The transaction is subject to regulatory approval by Comisión Nacional del Mercado de Valores (CNMV) and Banco de España.
Inverseguros shareholders include the insurance companies Allianz, Grupo Catalana Occidente, and Zurich.