Peru

IFLR1000 Reviews

Financial and corporate
Garrigues

International law firm Garrigues was founded in 1941 in Spain. Since then, it has expanded to 34 offices across 13 countries. In Peru, the firm is located in Lima and is known for its outstanding work in financial practice areas. 

  

Focusses / specialisms  

Garrigues’ Peruvian arm has top tier banking and finance and capital market practices. It also has highly regarded M&A and project development practices. 

In banking, the firm acts for lenders and borrowers in project finance, acquisition finance, refinance and corporate finance matters.  

The capital markets practice works on both the debt and equity side, representing issuers, underwriters and initial purchasers. In debt capital markets, the firm works on investment grade, high yield, municipal, sovereign and green bond issuances. The equity capital markets practice has experience with IPOs and tender offers. 

The M&A team works with buyers and sellers in strategic, private equity assets and company acquisitions, divestments and mergers. It also advises firms in strategic investments.  

In project development, the team acts for concessionaires, developers and financial sponsors in all steps of project development, from financing to construction. It works on PPP and private projects in the energy, social infrastructure, port, transportation and oil and gas industries.  

  

Key clients  

Key clients for the firm include Credicorp, Scotiabank, Banco de Crédito del Perú, Citigroup, BBVA, Bank of America, Intercorp Financial Services, SK Innovation, Arval Relsa, Corporación Andina de Fomento, Torres Unidas, Alupar Inversiones, Consorcio Trecca, Auna Group and Santander. 

  

Research period review: 32nd edition (2021/2022)  

During the research period, the banking team acted more on the lender side, mostly in corporate financing, but also participated in project and acquisition financing. In project financing specifically, the team was active in the transportation infrastructure and energy industries. 

In capital markets, the team worked on both debt and equity transactions, representing issuers, underwriters, dealer managers and arrangers. On the debt side, the team worked on high yield, investment grade and project bond issuances as well as securitizations and tender offers. In equity, the team had a leading role in IPO work. In addition to transactional matters, the capital markets team also provided regulatory advice. 

The M&A team evenly represented acquirers and sellers in acquisitions. It also worked on business incorporations across a variety of industries. 

The project development team represented sponsors, financiers, concessionaires and government institutions in both private and PPP projects. Many of these projects were in the infrastructure industry, especially concerning airports, highways and ports. 

  

Deal highlights: 32nd edition (2021/2022)  

American Tower $9.4 billion acquisition of Telxius  

Auna NYSE/BVL IPO  

Caja Municipal de Ahorro/Crédito de Arequipa $16 million social bond issuance  

Crédito del Perú/Credicorp Capital/Scotiabank $191 million financing 

Metro de Lima Línea 2 $811 million financing 

 

Client feedback: 32nd edition (2021/2022)   

Capital markets: Equity 

"Commitment, creativity and relationships." 

 

M&A 

"Great knowledge, great sense of solving problems, availability and quick response." 

"It is a first-tier firm with lead professionals in every area. They are business-oriented, practical and have thorough knowledge. Quick responses and reputed." 

"Knowledge, flexibility, commercial approach." 

"High-level quality work to the highest standards." 

 

Sergio Amiel 

"Know-how, experience." 

"He is knowledgeable attorney with a business-oriented approach and a 'get the deal done' mentality. He is thorough, clear and a great negotiator. Always available and extremely hands-on." 

"Knowledge, understanding of client requirements." 

"NY law qualified M&A lawyer." 

 

Thomas Thorndike 

"Communication and knowledge." 

Hernández & Cía

Full-service firm Hernández & Cía does outstanding work according to their peers and clients. The firm was founded in 1992 and is located in Lima. It is a member of the Legalink alliance.  

  

Focusses / specialisms 

The firm boasts excellent teams across all practice areas. In banking and finance, the team advises lenders and borrowers in syndicated loans, credit agreements and bridge loans related to project financing, corporate financing, refinancings and acquisition finance. 

The capital markets team regularly advises issuers in debt and equity related deals, specifically tender offers, public offerings, secondary offerings, bond issuances and delistings. The team also works with structuring investment funds. 

The M&A team has experience with both public and private M&A transactions. It advises primarily private equity investors in acquisitions, restructurings and investments, but does also work with strategic investors. 

The project development team advises public and private developers and sponsors in the infrastructure, oil and gas, mining and energy industries.  

  

Key clients  

Key clients for the firm include the Carlyle Group, Bank of China, BBVA, Credicorp, Graña y Montero, Faro Capital, W Capital, Grupo Wiese, Deloitte, Proinversion, IFC and Contugas. 

  

Research period review: 32nd edition (2021 / 2022)  

Over the research period, the banking team acted largely on the lender side in project, acquisition and corporate financing as well as restructuring in various industries. In project finance specifically, the practice was especially active in the renewable energy and social infrastructure industries. 

In capital markets, the practice gained experience on both the debt and equity side, representing issuers. In debt capital markets, the team participated in sovereign and corporate bond issuances. On the equity side, the team worked on reverse mergers, capital reductions and OTC transactions.  

The M&A practice participated in numerous public and private transactions, representing all sides. Many of these transactions involved private equity buyouts. It also represented a few companies in restructurings and divestments. 

In project development, the team worked on both private and PPP projects, representing mostly developers and public institutions. It was very active in mining and social infrastructure matters and also advised on the financing aspects of many of these transactions. A lot of the work done in the mining industry was related to regulatory aspects or concessions. On the other hand, most social infrastructure matters were related to water infrastructure. 

  

Deal highlights: 32nd edition (2021/ 2022) 

AB InBev/Backus $806 million reverse merger 

Fondo Mivienda $250 million corporate bond program  

Gildemeister $558 million restructuring 

Headworks and Conduction of Drinking Water Supply in Lima 

Republic of Peru $5 billion 2.783%, 3.3%, 3.55% and 1.25% sovereign bond issue 

 

Client feedback: 32nd edition (2021/ 2022) 

Project development: Mining 

"Proactive, excellent team members with excellent knowledge of the mining sector." 

 

Miyanou Dufour von Gordon 

"Proactive, excellent client service." 

Philippi Prietocarrizosa Ferrero DU & Uría

The most current iteration of full-service firm Philippi Prietocarrizosa Ferrero DU & Uría, or PPU, was formed in 2015 from the merger between Chilean firms Philippi, Yrarrázaval, Pulido & Brunner, Colombian firm Prietocarrizosa and Peruvian firms Ferrero Abogados and Delmar Ugarte. The Ibero-American firm maintains offices in Chile, Colombia and Peru, with additional offices in Spain, Portugal, New York, London and Brussels thanks to its partnership with Spanish and Portuguese firm Uría Menéndez. The firm is also part of the SCG Legal and World Law Group networks. In Peru, the firm has one office located in Lima. The office is best known for its work in debt capital markets and project development and financing. 

  

Focusses / specialisms  

Though PPU is most well-known for its capital markets and projects work, it also has notable M&A and banking practices. 

In M&A, the firm acts on behalf of buyers and sellers in acquisitions across numerous industries. It also works on strategic investments and joint ventures. 

In project development, the firm represents developers and concessionaires in projects in the energy, power, infrastructure and mining industries. The group has experience working with public and private projects. 

The firm also has a notable restructuring and insolvency practice, where the team represents debtors and creditors in out of court, cross border and domestic insolvency proceedings.  

  

Key clients  

Key clients for the firm include BHP, IDB Invest, Grupo BVL, Bolsa de Comercio de Santiago, Bolsa de Valores de Colombia and China Civil Engineering Construction. 

  

Research period review: 32nd edition (2021 / 2022)  

Throughout the research period, the firm was active in banking and finance, debt capital markets, M&A and project development. 

The banking team advised more borrowers than lenders. The work the firm did included corporate, acquisition and project financing with most of the work being focused on projects.  

The debt capital markets team primarily represented underwriters, but also fund managers in corporate bond issuances and investment fund placements. 

The M&A team was very active in the vast technology industryadvising buyers and sellers in strategic acquisitions and divestments respectively.  

In project development, the team represented mostly concessionaires in projects largely in the transportation infrastructure and energy industries. The concessions included water treatment plants, airports, railroads and highways 

  

Deal highlights: 32nd edition (2021 / 2022)  

Aeropuertos del Perú $114 million financing  

Avianca $1.6 billion exit financing 

Chinchero International Airport Cusco G2G agreement  

General Atlantic Service Company $70 million investment in Crehana 

Magna Asesores Financieros $27 million bond issuance 

Rebaza Alcázar & De Las Casas

Rebaza Alcázar & De Las Casas was founded in 2004 and since then has grown to have one of Peru’s leading M&A practices. The firm has two locations in South America: Lima, where it is headquartered and Santiago.

 

Focusses / specialisms 

Though the firm excels at M&A, it also does excellent work in banking, debt capital markets and project finance. The banking team participates in loan and credit facilities for agricultural financing and general corporate financing. The team advises both borrowers and lenders.

The capital markets team only works on debt matters such as bond offerings and programs and represents both issuers and underwriters. The team also works with clients to structure investment funds.

In M&A, the team advises private equity investors and strategic buyers and sellers in acquisitions.

The project development team advises public and private developers and sponsors in projects in the oil and gas, infrastructure, port and energy industries. 

 

Key clients 

Key clients for the firm include Grupo Wiese, Camposol, Scotiabank Peru, Fondo MiVivienda, Banco Bilbao Viscaya Argentaria, Coöperatieve Rabobank, HSBC, Grupo El Comercio, Volcan Compañía Minera, Proinversion, Petroperu and Monte Azul.

 

Research period review: 31st edition (2020 / 2021) 

During the research period, the banking team worked on a couple of new corporate financing deals, but mostly worked on refinancing transactions, representing more borrowers than lenders.

In capital markets, the team participated in many debt transactions, specifically investment grade and high yield bond issuances. It also represented numerous investment fund managers in fund formations.

The M&A group acted for largely buyers and sellers in acquisitions, both whole company and asset acquisitions. It also worked on some asset sales, all in different industries.

 

Deal highlights: 31st edition (2020 / 2021) 

Cerro de Pasco Resources $30 million acquisition of Empresa Administradora de Cerro, Óxidos de Pasco and Remediadora Ambiental

Edpyme Acceso Crediticio $210 million refinancing

Hudbay Minerals $600 million 6.125% bond issue

 

Client feedback: 31st edition (2020 / 2021)

Banking

“Proactive and deal friendly in order to have a successful transaction in a tight term.”

 

Investment funds

“Attention 24/7, excellent and very clear recommendations. Fast and accurate responses.”

 

M&A

“Great acknowledgement of M&A legislation and processes. Experienced.”

“They are really hands on and find solutions to every issue. They also accompany you to the very last step of the way.”

 

Alessandra Orbezo

“She really knows what she is doing, and if she doesn’t, she finds the answer really fast.”

 

Daniel Gonzales

“Experienced. Good acknowledgement of legislation. Good English speaker. Good communication. Good negotiation skills.”

“He is an excellent lawyer that manages very well the relationship between creditor and debtor. He is deal friendly and helps parties to close the transaction.”

 

Fiorella Atoche

"She really took on the heavy weight of the deal. She is able to be senior as a partner, and do the ground work as a junior lawyer, if needed."

 

Rafael Alcázar

“Transparent. Extremely intelligent. Easy to work with.”

Rodrigo Elías & Medrano Abogados

Rodrigo Elías & Medrano Abogados is one of Peru’s premier firms. The full-service firm was founded in 1965 and is located in Lima. The firm prides itself on its commitment to diversity and has an outstanding mentoring program.  

  

Focusses / specialisms  

The firm has top tier practices across the board. In banking, the team represents borrowers and lenders in leasing financing, refinancing, project finance and acquisition financing. 

The capital markets team works on both the debt and equity side, representing issuers and underwriters in bond offerings, delistings, tender offers and securitizations. 

In M&A, the team works on acquisitions and corporate reorganization matters, where it represents private equity investors and strategic buyers and sellers. The team has experience in public and private M&A across a wide array of industries. 

In project development, the firm has expertise in oil and gas, mining, energy and infrastructure industries. It represents concessionaires and financial sponsors.  

  

Key clients  

Key clients for the firm include Compañía Minera Antamina, Minsur and LATAM Airlines in bankingIn capital markets Luz del Suris a key client. In project development the key clients include Republic of Ecuador, BNP Paribas   

  

Research period review: 32nd edition (2021 / 2022)  

Over the research period, the banking team saw deals related to acquisition, project, DIP and corporate financing, representing borrowers and lenders equally. Most of these deals were cross-border financing. In project financing specifically, mining, transportation infrastructure and solar energy projects saw the most activity.  

In capital markets, the group worked mainly on debt transactions, representing issuers almost exclusively. In debt capital markets, the team worked on high yield bond issuances including convertible bonds. The team also participated in multiple tender offersOverall, the deals were evenly cross-border and domestic. 

In project development, the practice was busy acting for mostly developers and concessionaires in domestic projects in the infrastructure, power, energy and mining industries. In the infrastructure industry notably, the team worked on mostly transportation infrastructure projects as well as hydropower plants and water treatment facilities.   

 

Deal highlights: 32nd edition (2021 / 2022)  

Compañía Minera Antamina $1 billion financing 

Minsur $300 million refinancing 

LATAM Airlines $750 million debtor-in-possession financing 

Luz del Sur $569 million public bid 

San Martín Solar project  

Sopladora 487 MW Hydroelectric Power Plant  

 

Client feedback: 32nd edition (2021 / 2022) 

Banking 

"They have a high level of knowledge of the subject matter, the sector and the country's risks. They are always available for the client, and the relationship with them is very close." 

 

Leveraged finance 

"The firm is a powerhouse. Its service levels are outstanding, and it provides high-quality advice. It has tons of experience in complex financing transactions, and the partners are closely involved in them." 

 

M&A 

“Highly professional. Excellent team of professionals.” 

“Highly professional.” 

 

Project development: Energy 

"Experience, knowledge, speed." 

"A firm that dominates in all specialties of law.” 

 

Project development: Mining 

“Solid and integral legal counsel. In my opinion, it’s the best law firm in the country.” 

 

Project finance 

"They are always available for a call and they anticipate every issue that might arise during the deal." 

 

Jean Paul Chabaneix 

"Creative, thoughtful, analytical and pragmatic." 

 

Richard Inurritegui 

"Highly professional." 

“He’s an excellent lawyer. Knows his material very will. He’s ingenious and knows public institutions.” 

 

Veronica Sattler 

"Her work in each of the transactions in which she has advised us has been characterized by her knowledge of the sector, her high professional commitment and her personal closeness. We value her absolute availability and the quality of the services she provides." 

“Domain and experience in the electricity sector, quality in the products that she delivers and speed of attention, always available.” 

"Efficiency, knowledge." 

"She has vast experience in project finance deals in the country, she knows where the issues may arise in every kind of contract and she can reach almost everyone inside the public administration, which is very useful." 

 

Francisco Tong 

“Professional with dynamism and assertiveness, empathy and a holistic vision that contributes a lot in the comprehensive risk management of our activities.” 

Arbe Abogados

Arbe Abogados is located in Lima. The firm specializes in corporate and financial law, especially in banking, debt capital markets and M&A.

 

Focusses/specialisms

In addition to its work in banking, capital markets and M&A, the firm also has experience with the project development practice. In banking, the team acts for borrowers in the banking and financial institutions industry regarding project finance and corporate finance matters. It also advises on regulatory compliance and investment fund related matters.

 

The capital markets practice has experience on both the debt and equity side, representing issuers. The equity capital markets team helps with public M&A transactions, as well as with investment fund related matters, while the debt capital markets practice advises on bond issuances. The team also has a lot of experience with securitizations. 

 

In M&A, the firm represents strategic firms in buy and sell side acquisitions. It also advises companies in reorganizations and incorporations. 

 

In project development, the firm represents developers with PPP projects in the energy and infrastructure industries. 

 

Key clients

Key clients for the firm include Glide Master Fund, Global Factoring, Moody’s, AV Proyectos & Construcciones, Los Portales, Energy Development Corporation, Rinno Lab, Plataforma D’Iniciatives, Proinversión and Gestora Peruana de Hospitales.

 

Client feedback: 32nd edition (2021/2022)

Capital markets         

"cercania con el cliente, disponibilidad, conocimiento, practicidad"

 

M&A    

"Responsive, and have the business sense always present"

Dentons Gallo Barrios Pickmann Abogados

One of the world’s largest law firms, Dentons is truly a global law firm, with 193 locations across 77 countries. In Peru, the firm has one office in Lima.

 

Focusses/specialisms

The Peruvian office of Dentons is best known for its work in banking, M&A and project development. Though it is capable of working in numerous industries, it is especially prevalent in the real estate and manufacturing industries.

In banking, the firm represents lenders and borrowers in real estate financing, import financing and general working capital financing. 

The M&A practice represents strategic firms in asset and firm acquisitions on the buy side, as well as mergers. It also helps companies with incorporations and corporate reorganizations.

The project development practice works largely in the infrastructure and mining industries, representing concessionaires and developers in public procurement and private projects.

 

Key clients

Key clients for the firm include Natixis, Oikocredit, Banco do Brasil, Minera Bateas, Megacentro, JCDecaux, Wenco, GEA Holding, Autoland, Lactalis Group, Aeropuertos del Perú, GyM Ferrovías and Fresenius Medical Care.

 

Client feedback: 32nd edition (2021/2022)

Bank lending    

"They have excellent knowledge in the industry, ability, attention to detail, very responsive,"

 

M&A    

"Hands on approach. Excellent local network and knowledge of the market. Insightful advice."

DLA Piper Perú

Business firm DLA Piper was born in 2005 from the largest ever merger in the legal industry between Gray Cary Ware & Freidenrich, Piper Rudnick and DLA. The international law firm has offices in almost every region in the world. In Peru, the firm is located in Lima. 

 

Focusses/specialisms

The Peruvian arm of the firm is active in the banking, debt capital markets, M&A and project development practice areas.

In banking, the team advises lenders in project and corporate financing. In corporate financing matters, the firm has a lot of experience with development financing.

The capital markets practice works with underwriters and issuers in debt capital markets matters, including bond issuances. 

The M&A practice advises strategic buyers and sellers in firm and asset acquisitions. The firm also represents banking and financial institutions in strategic financial investments.

In project development, the firm acts for concessionaires and developers in projects in the infrastructure, mining and energy industries. It has experience with PPP projects as well as private and public ones.

 

Key clients

Key clients for the firm include United Stated DFC, Itaú Corpbanca, ICBC Perú Bank, Japan International Coorperation Agency, BTG Pactual, Credicorp Capital Servicios Financieros, Banco Santander, Giddings Fruit, American Tower Corporation, IDB Invest, ADAMA Agriculture, Grupo Bancolombia, Ministerio de Transportes & Comunicaciones del Perú, Convial Sierra Norte, Concesionaria Hidrovía Amazónica and EPC Consortium.

 

Client feedback: 32nd edition (2021/2022)

Project development    

"interpretation of contractual clauses in the framework of construction projects"

 

Restructuring   

"La rapida reacción ante las consutlas y resultados positivos"

 

Estudio Echecopar member firm of Baker McKenzie International

Global law firm Baker McKenzie has 76 offices spread across six continents. In Peru, the firm known as Estudio Echecopar is located in Lima and is best known for its outstanding work in capital markets, project development and project financing. 

 

Focusses/specialisms

Though the firm is known for its top tier work in capital markets, project development and project financing, it also has highly regarded banking and M&A practices. 

In banking, the firm acts for borrowers and lenders in project financing, acquisition financing, real estate financing and general corporate financing. 

The capital markets team is active across both debt and equity, representing issuers. The debt capital markets has experience with sovereign bond, investment grade, high yield and green bond issuances. On the equity side, it works on public offerings. It also has experience with investment fund formations and securitizations.

The M&A practice acts on the sell and sell side in strategic and private equity acquisitions across a wide variety of industries. It also acts for firms in strategic investments. 

In project development, the firm acts for developers and sponsors in PPP and private projects. It is very prevalent in the social infrastructure, sanitation, energy, oil and gas, mining and transportation industries. It works on both financing and development aspects of the projects.

 

Key clients

Key clients for the firm include Ergon Perú, Inversiones Centenario, Banco Santander, Scotiabank, Republic of Peru, Banco Internacional del Perú, Fondos Sura, Consorcio Transmantaro, Fypasa Construcciones, COSAPI, Citibank and Sinia Capital.

 

Client feedback: 32nd edition (2021/2022)

Capital markets: Debt

“Its partner, Alonso Miranda, has impressive knowledge on Capital Markets and he is always available.”

 

M&A

“They are deeply knowledgeable, customer focused and with good commercial sense.”

Estudio Muñiz - Muñiz Olaya Meléndez Castro Ono & Herrera Abogados

Full service firm Estudio Muñiz was founded in 1981. Since then it has become well known for its work in corporate law. It has also grown to 11 offices across Peru, with the main office being in Lima.  

 

Focusses/specialisms

The firm does notable work in banking, debt capital markets, M&A, project development and project finance.

In banking, the team represents borrowers and lenders in acquisition finance, project finance and corporate finance. It also acts for banks and financial institutions in regulatory matters.  The project development and finance team is especially known in the mining industry.

The capital markets practice advises issuers in bond issuances. It also helps out with equity matters stemming from public M&A transactions and investment fund formations.

The M&A practice acts for strategic and private equity firms in acquisitions on the buy and sell side. Many of these transactions are related to project development matters. It also advises on joint ventures and corporate reorganizations. 

 

Key clients

Key clients for the firm include China Three Gorges, Goldman Sachs, Silvestre Perú, BBVA, Gemini Trust Company, the Peruvian Department of Social Security, Arca Continental, Citibank, Whitehelm Capital, China Yangtze Power, Cerámica Lima, HNG Group and Backus and Johnston.

 

Client feedback: 32nd edition (2021/2022)

M&A

“They are the top M&A firm in the Peruvian market. They provide sophisticated advice in several industries (which as an investment office we truly value). The depth of the team is also exceptional.”


"It is a firm highly specialized in M&A matters, which is reflected in the number of transactions of this type in which it has participated and in the excellent service they have provided us. Has highly qualified professionals, from the most experienced lawyers to the youngest lawyers with whom we have interacted."

Estudio Olaechea

Estudio Olaechea is a Peruvian firm with an international presence and expert associates.

 

Focusses/specialisms

The firm is well versed in banking, capital markets and M&A.

The banking team advises international lenders in the infrastructure sector.

In capital markets, the firm advises investment banks and other foreign investors in real estate financing especially.

M&A work is bolstered by a team that possesses expertise in the energy infrastructure sectors.

 

Key clients

Some of the firm’s key clients include JP Morgan, Deutche Bank, BlackRock, HSBC, Jefferies Group, Caterpillar International Services del Peru and Credit Suisse.

García Sayán Abogados

García Sayán has over 130 years of experience in financial and corporate law. It is located in Lima and is a member firm of Meritas.

 

Focusses/specialisms

The firm is well known for its work in the banking and finance practice. It advises borrowers on project financing, corporate financing and refinancing matters. In project financing specifically, the firm is very experienced in the mining industry.

 

Key clients

Key clients for the firm include Compañía de Minas Buenaventura, Inversiones Colquijirca, Empresa de Generación Huanza, Proveedora de Productos Marinos and Deutsche Investitions-und Entwicklungsgesellschaft.

 

Client feedback: 32nd edition (2021/2022)

M&A

“They are very professional, specialized and fulfilled in the issues that we request, it is very helpful to have their advice.”

Luis Gastañeta provides advice that goes beyond what is normally expected, expanding on his own initiative the look towards the business under evaluation, raising unseen issues and even proposing to improve the initial approach.”

Martinot Abogados

Martinot Abogados is located in Lima. It is a member of several international alliances including Lexwork.

 

Focusses/specialisms

The firm has many focuses but is well known for its work in the M&A and project development practices. In M&A, the firm acts for buyers and sellers in private whole firm and asset acquisitions. It also works on other corporate matters including restructurings, joint ventures and strategic investments.

In project development, the firm is especially active representing developers in the mining and real estate industries in projects and project acquisitions.

 

Key clients

Key clients for the firm include Minera CRC, Distribuciones Diesel Peru, Costeño Alimentos Oriente, Mochica Resources, SMC Toropunto, Inversiones Hausser and Avla.

 

Client feedback: 32nd edition (2021/2022)

M&A

“Experienced team with attention to detail and outstanding negotiation skills. Impressive working ethics committing and delivering on extremely short timelines. Great judgment identifying relevant matters to be discussed and not allowing minor matters to become issues in the negotiation. Broad range of experience in a number of industries.”

Excellent knowledge of bankruptcy and restructuring.

Miranda & Amado

Prominent firm Miranda and Amado was founded in 1999. It has since grown to become one of Peru’s top firms. It maintains one office in Lima and is a member of the Affinitas alliance.

 

Focusses/specialisms

The firm is skilled in banking, capital markets, M&A and projects.

The banking team often advises international banks and collaborates with the project finance team on various infrastructure matters.

The capital markets department works with investors in corporate bonds and other debt securities.

The M&A team participates in transactions in a wide range of sectors such as retail, energy, food and beverages, real estate and pharmaceuticals.

Along with the project finance team, the firm also has a project development department that focuses on projects in mining and energy.

 

Key clients

The firm’s key clients include HSBC, JP Morgan, Bank of America, Citigroup, Banco Santander, SSA Marine, ENGIE and Transportadora de Gas del Perú.

Osterling Abogados

Full service firm Osterling Abogados was founded in 1980. It has since become known for their work in the corporate practice, operating out of their office in Lima. 

 

Focusses/specialisms

The firm has a notable M&A practice. Team members act for strategic firms on the sell side of asset and firm acquisitions. The firm also works on other corporate matters including corporate reorganizations. It also has some experience with securitization and derivatives matters. 

 

Key clients

Key clients for the firm include Wester Construction, Cabo Merlin, Gol TV LatinAmerica and Corpac.

Payet Rey Cauvi Pérez Abogados

Founded in 1996, Payet Rey Cauvi Pérez Abogados is a full service firm highly regarded in the market. The firm is located in Lima, but has an international presence thanks to its affiliation with the World Law Group. 

 

Focusses/specialisms 

The firm is best known for its top tier work in banking, debt capital markets and M&A. However, it also does excellent work in equity capital markets and projects. In banking, the team advises borrowers and lenders in loan agreements for refinancing, acquisition finance, project finance and corporate financing matters. 

 

The debt capital markets team represents issuers and underwriters in bond offerings. Regarding equity capital markets deals, the team participates in public offerings.

In M&A, the team advises strategic buyers, sellers and private equity investors in acquisition related matters.

The project development team represents developers in the port, mining, power, telecommunications and social infrastructure industries. Many of these projects had a financial aspect that the banking team assisted with. The firm also has experience with both PPP and private projects. 

 

Key clients 

Key clients for the firm include The Carlyle Group, Banco de Crédito del Perú, Scotiabank Perú, Administradora Prime, Inmobiliaria JyD, Creditcorp, Empresas CMPC, Grupo Gold Fields Comercio, Aksiom Partners, Proinversion, Cosco Shipping Ports Chancay Perú and Conselsur.

 

Client feedback: 31st edition (2020/2021)

Bank lending: Lender side

"Excellent technical solutions. Quick responses. Solid support."

 

Capital markets

"I believe the most important attribute of the firm is its deep knowledge of the different issues involved in the proceeding. In addition, the members of the firm had a very positive and constructive approach on any of the problems that arose during the proceeding. "

"Excellent expertise and track record on the Peruvian capital markets legal framework."

"The firm exceeds my expectations. I usually interact with Jose Antonio Payet, Eduardo Vega, Juan Antonio Eguez and Alan Garcia. Alan Garcia in particular is very accessible, diligent, and dependable when it comes to me and my company's legal needs. Jose Antonio Payet is very knowledgeable on capital markets and his opinions are very reliable. He is always our go-to lawyer when it comes to difficult, edgy situations. I have used multiple attorneys in the past and this relationship has lasted for more than 10 years because of their professionalism."

 

Investment funds: Private equity funds

"Knowledge of the matter."

 

M&A

"Knowledge, good service, dedication"

"Knowledge, deal-oriented. "

"Excellent advice and constant monitoring of moving forward the deal."

 

Project development: Energy

"Knowledge of the energy sector."

"They demonstrated important knowledge in this state bidding process, considering and preparing all information required. In conclusion, they were very good advisers."

 

Project development: Mining

"Excellent specific knowledge in areas associated with exploration and mining; support on negotiations; support on legal due diligence."

Rubio Leguia Normand

Rebuio Leguía Normand is a skilled firm that was established 4 decades ago.

 

Focusses/specialisms

The firm specializes in project development, typically advising on concession agreements, public tenders and bidding processes. The mining and energy industries are where the firm is most familiar.

 

Key clients

Some of the firm’s key clients include Minera Yanacocha, Nexa Resources, Orion Resources Partners, Compañia Minera Santa Luisa, Minera Toro de Plata and Hartree Metals.

 

Client feedback: 32nd edition (2021/2022)

Bank lending : Lender side

"Excellent knowledge of the market; very strong technically as to legal issues; responsive, creative, commercial. "

 

Bank lending : Borrower side    

"Knowledge"

 

Santivañez Abogados

Since its founding in 1964, Santiváñez Abogados has expanded to two offices in Peru. Though its main hub is in Lima, the firm has another location in Piura.

 

Focusses/specialisms

The firm has notable corporate and project development practices. In M&A, the firm acts for acquirers and sellers in strategic and private equity acquisitions, mergers and joint ventures. It also works on general corporate financing transactions, acting for borrowers.

 

The project development team acts for public and private developers and sponsors in project development and finance matters in the energy, mining and oil and gas industries.

 

Though the firm works across multiple industries, they are especially skilled in the energy industry, specifically electricity. 

 

Key clients

Key clients for the firm include Inkia Energy, Blue Water Worldwide, Electro Dunas, Syneos Health, Proinversion, Nexa Resources, Anglo American Quellaveco and Tarucani Generating Company.

 

Client feedback: 32nd edition (2021/2022)

M&A    

"They are available 24/7  "

 

Project Development: Energy

“Santivañez has the top team on energy practice in Perú. They had the responsibility for all the Regulatory Framework on Energy on such M&A deal.”

 

Sumara Hub Legal

Since its founding in 2018, Sumara Hub Legal has quickly become known as an up and coming firm in Peru for banking and capital markets. The firm is headquartered in Lima.

 

Focusses/specialisms

The firm specializes in banking, finance and capital markets law. It works with numerous startup, venture capital and fintech companies. 

 

In banking, the team acts for lenders and borrowers in acquisition financing and corporate financing transactions. 

 

The capital markets team has experience largely in investment funds. It acts for investment fund managers in fund formation, management, development and acquisition matters. It has experience with securitization matters. It also works on capital raises and fundraising matters.

 

Key clients

Key clients for the firm include La Fiduciaria, Capia Sociedad Administradora de Fondos de Inversión, Diaphanum SAFI, Acres SAFI, Angel Ventures Peru, Pestamype, RebajaTusCuentas, Adelantos Capital, Savar Agentes de Aguana, Global 66, Kambista and FintechLab.

 

Client feedback: 32nd edition (2021/2022)

Capital markets: Debt

“Understanding of the market and the business; deep knowledge of the topic.”

 

Investment funds: Private equity

“The Sumara team specialized in the venture capital industry and startups. That is extremely valuable for us. Also, they are always up to the date, and working with different stakeholders from the venture capital ecosystem to improve regulation for our sector.”

Vizquerra Córdova & Gálvez Abogados

Vizquerra Córdova & Gálvez Abogados was founded in 1984. Since then, it has grown into a notable firm, especially in the hydrocarbon industry, where the firm has special expertise. The firm is headquartered in Lima.

 

Focusses/specialisms

The firm does notable work in M&A and project development. In M&A, the team represents strategic sellers in acquisitions and joint venture matters. Though it has unique expertise in hydrocarbons, the firm also works in the agriculture industry.

The project development team represents developers in projects, largely exploration related, in the oil and gas industry.

 

Key clients

Key clients for the firm include Papelera Panamericana, Agrícola Valle del Sol, GCZ Energía and Grupo Rocio.

Financial and corporate
BBGS Sacovertiz & Landerer

BBGS Abogados has offices throughout Latin America, in Chile, Colombia, Mexico and Peru. Its Peruvian office operates under the name BBGS Sacovertiz Landerer, with a talented team consisting of 10 partners and 100 associates and consultants.

 

Focusses/specialisms

Banking is a major practice in the firm. It advises domestic and international clients such as financial institutions, investment funds and private equity firms.

In capital markets, the firm acts on the debt side. It advises clients on securitization trusts and sovereign bonds, among other matters.

The M&A team is particularly skilled in the real estate sector.

 

Key clients

The firm’s key clients include Credicorp Capital, Nexus Group, Banco de Comercio and San Miguel Industrias PET.

 

Client feedback: 32nd edition (2021/2022)

M&A

“They are very trained”

Carrizales Infraestructura & Servicios Publicos

Carrizales Infraestructura & Servicios Publicos is a specialized firm with offices in Lima, Arequipa and Cusco.

 

Focusses/specialisms

The firm is strong in the project development practice area, advising on projects in the water and sanitation, education, health and transport sectors.

 

Key clients

Some of the firm’s key clients include Agencia de Promoción de la Inversión Privada (PROINVERSION), Obrascon Huarte Lain, IDP Consultoría de Ingeniería, Medio Ambiente y Arquitectura and Consorcio Trecca.

Ernst & Young

The Ernst & Young network is established on an international level, making it unique in its ability to service its clients.

 

Focusses/specialisms

The firm specializes in capital markets and M&A work.

The capital markets team works on equity and debt transactions, advising international banks on real estate infrastructure, among other matters.

The M&A team skillfully services clients in the power, retail, agribusiness and telecommunications industries.

 

Key clients

Some of the firm’s key clients include Pfizer, Nexusgroup, Alicorp, CPP Investment Board, talanx, The Abraaj Group, Brookfield, Wuling Power, Unacem Corp Sociedad Anónima Abierta, Lima Gas and Petroc A G.

 

Client feedback: 32nd edition (2021/2022)

Capital markets

"Global reach."

M&A

“EY has the experience and very good deal tracking that grant us trust and certainty about the process is done properly and quiclkly.”

EY Law

The Ernst & Young network is established on an international level, making it unique in its ability to service its clients. 

 

Focusses/specialisms 

The firm specializes in capital markets and M&A work.  

The capital markets team works on equity and debt transactions, advising international banks onreal estate infrastructure, among other matters. 

The M&A team skillfully services clients in the power, retail, agribusiness and telecommunications industries. 

 

Key clients 

Some of the firm’s key clients include Pfizer, Nexusgroup, Alicorp, CPP Investment Board, talanx, The Abraaj Group, Brookfield, Wuling Power, Unacem Corp Sociedad AnónimaAbierta, Lima Gas and Petroc A G. 

 

Client feedback: 32nd edition (2021/2022)  

Capital markets 

"Global reach." 

 

M&A 

“EY has the experience and very good deal tracking that grant us trust and certainty about the process is done properly and quiclkly.”