The feature film debut of Fabienne Berthaud, Frankie follows the vicissitudes of a top fashion model, played by Diane Kruger, who co-produced.
The film was sold by MK2 and played at Toronto and Edinburgh.
Princesses tells the story of a rollercoaster friendship between two prostitutes, and is directed by Fernando Leon de Aranoa (Mondays In The Sun).
The film was nominated for nine Goya awards and won three, including Best Actress for Candela Pena and Best Newcomer for Micaela Nevarez.
Sold by Sogepaq, the film premiered at Sundance earlier this year. "We are delighted to be releasing Princesses in the UK," Mannion said.
"This acquisition confirms our commitment to being one of the biggest champions of Spanish cinema in the UK, having previously successfully released Take My Eyes, The Other Side Of The Bed and Carmen."
Swipe's distribution arm will theatrically release the films in the UK and Ireland in spring next year.
The company currently has the Star Trek documentary, Earthlings, in release, and is in post-production on the supernatural thriller Reverb starring Leo Gregory and Eva Birthistle.