Beccar Varela


IFLR1000 Reviews

Financial and corporate

Founded in 1897 and one of the country’s oldest firms, Beccar Varela is a full service firm well-known in the Argentine market, especially for its top tier M&A practice. Horacio Beccar Varela serves as the managing partner of the firm, which has two offices in Buenos Aires. It is part of numerous international networks, and is a founding member of the Club de Abogados Iberoamérica. The firm’s international presence is helped by a German desk and the ability to communicate with clients in Spanish, English, French, German, Italian and Portuguese. The firm only practices Argentinian law.

Although best known for M&A, the firm also does great work in banking and capital markets. The banking team mostly works on the lender side but is known to also advise borrowers. Because of the firm’s strong relationship with banks, it advises more underwriters in the capital markets practice area than issuers. The M&A team mostly advises buyers but will also advise sellers. All the firm’s team do a lot of work in the agribusiness, energy and oil and gas sectors. 

Key clients that the M&A team advise include Prisma Medios de Pago, YPF Ventures, Telemundo, Unilever and WeWork. The banking and finance team’s key clients include Banco de Galicia y Buenos Aires, Coöperatieve Rabobank, Citibank, HSBC Bank, Banco Santander, Morgan Stanley and PNC Bank. 

Over the research period the banking team advised a number of developers for renewable energy project financings. The capital markets team mostly worked for underwriters and issuers on debt transactions in the oil and gas industry. The M&A team worked across all industries, with an emphasis on oil and gas and agribusiness transactions, where they mostly represented strategic buyers. 

In 2019, the firm launched a fintech practice, which is becoming increasingly active.


Deal highlights

Advent International $724 million acquisition of Prisma Medios de Pago 

Banco Galicia AR$4.18 billion 4% bonds issue

Total Eran Malaspina I 50.4MW wind farm 

Vista Oil & Gas NYSE IPO 

YPF Ventures acquisition of Sustentator


Client feedback

Financial services regulatory

“They offer a full service and are open when discussing fee arrangements. They are creative and give fast responses.”

“The team that handles our account are fully committed to our business, agile, proactive, and empathetic.”



“[We value their] high quality work-product, responsiveness, and timeliness.”

“It was a complex transaction. The negotiations are always very hard and demanding and of the type in which you would not obtain a reasonable result for all parties involved if you don’t have a reasonable legal advisor opposite side of the table.”


Daniel Levi

“Always available, great knowledge of market and regulation, and provides creative solutions. Speaks fluent English and Portuguese (in addition to his native Spanish).”


Juan Luchia Puig 

“Diligent, responsive, proactive, committed, empathetic and innovative.”


Lucia Degano

“Very hands-on and determined.”


Maria Shakespear 

“Responsive and high-quality work-product.”


Ramon Moyano

“Has a deep understanding of legal issues involved with a great overall view of the underlying business, which allows a constructive negotiation and avoids unnecessary superfluous discussions very characteristic of many lawyers in the market.”


Tomas Allende

“Diligent, responsive, proactive, committed, empathetic and innovative.”

“Responsive and high-quality work-product.”