BBVA’s Investment in Atom Bank

Clifford chance advised Spanish Bank BBVA on its further investment in Britain’s Atom Bank.

The investment, which is subject to shareholder approval, is part of a GBP 50 million capital raise undertaken by Atom Bank.

This investment follows previous rounds of funding by BBVA in Atom.

Atom Bank is a digital financial company and challenger bank. It provides banking services through a smartphone app.

Banco Bilbao Vizcaya Argentaria, S.A., better known by its initialism BBVA, is a multinational Spanish banking group based in Madrid and Bilbao, Spain. It is one of the largest financial institutions in the world, and is present mainly in Spain, North America, South America and Turkey.

The Clifford Chance team was led by corporate partners, Gareth Camp (Picture) and Daud Khan, and senior associate Erik O’Connor, working with associates Fiona Coffee and Dan Bomsztyk, with support from regulatory partner Owen Lysak.

Involved fees earner: Dan Bomsztyk – Clifford Chance; Gareth Camp – Clifford Chance; Fiona Coffee – Clifford Chance; Daud Khan – Clifford Chance; Owen Lysak – Clifford Chance; Erik O’Connor – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Banco Bilbao Vizcaya Argentaria (Bbva);