People
Ishtar Sancho
Biography
Ishtar has more than 20 years of experience in tax advice in national and international transactions and is part of the international taxation group of the Firm.
She has advised on international tax planning transactions and tax issues related to national and international financing and re-financing deals, capital markets and debt issues and liability management. She advises in asset finance and structured operations processes. She has a deep understanding and is very experienced in advice to national and international financial institutions.
She has participated on the tax aspects and restructuring issues in venture capital operations carried out in Spain, in mergers, acquisitions and group restructurings advising on the tax implications and structuring issues.
In addition, Ishtar advises on property taxation, the investment and divestment in real estate assets, and provides tax advice in relation to the acquisition and sale of both secured and unsecured debt packages, performing loan portfolios and non-performing loan portfolios.
Practice areas
- Tax
- Private equity
- Funds and asset management
- Asset finance
- M and A litigation
- Private client
- Structured finance, securitizations and CLOs
- Real estate
Sectors
- Aviation
- Real estate
- Banks
- Private capital
- Private equity
- Energy
- Infrastructure
Selected experience
- Blackstone Real Estate Debt Strategies (BREDS) on the tax and legal aspects of the financing granted to Brookfield for the acquisition of Selenta Group and its hotel Portfolio.
- The financial entities on the takeover of Hispania including the refinancing of the hotel portfolio.
- Signal Capital Partners both on the structuring of the Joint Venture with Banco Santander and on the acquisition of the luxury hotel Sheraton La Caleta for c.EUR80m.
- APG, on the tax aspects of the creation of a joint venture with Renta Corporación for the creation of the Socimi Wellder, specialized in residences for the elderly.
- BBVA in connection with the refinancing of Metro Ligero del Oeste (MLO).
- A multinational financial institution, BBVA and Caixabank in connection with the financing to Forestalia Renovables in the construction and development of wind farms in Aragon for 300MW.
- Banking syndicate (arrangers, lenders, and hedging Banks) on the setting up of a new €1.2 billion financing in Europe for Phoenix Tower International.
- Bookrunners and underwriters on the debt financing for the EUR5 billion acquisition of Vodafone Spain by Zegona. The financing marks one of the largest committed financing of its kind in Europe in 2023.
- Megaworld on the acquisition and lease of Torre Espacio in Madrid, one of the real estate transactions with highest value over the last years, with a value in excess of EUR 500m.
Education
- Law Degree, Universidad de Navarra, 2002
Admissions
- Spain, Ilustre Colegio de la Abogacía de Madrid, 2005
Languages
- Catalán
- English
- Spanish