Next Generation Partners

Firms To Watch: Capital markets

Demonstrating particular experience in debt capital markets' transactions, the two partner team at Cuatrecasas advises on takeover bids, securities issuances (& placements) and IPOs, along with associated corporate governance and transparency matters; practice head Diego Carrión is the key contact, with younger partner Kiomi Osorio providing additional experience, particularly as regards international offerings under Rule 144A/Reg S.
The capital markets group at EY Peru is jointly led by Maria Del Pilar Sabogal, Mercedes Fernández and Maria Luisa Peña, and regularly acts for listed companies, banks and financial corporations, which turn to the team for its expertise in regulatory and transactional matters.

Capital markets in Peru

Estudio Echecopar member firm of Baker McKenzie International

The well-rounded capital markets practice at Estudio Echecopar member firm of Baker McKenzie International is active across the engineering, real estate and energy sectors. The team demonstrates skill in the structuring of shares in investment funds, complex bond issuances, and private and public offerings of senior notes and securitised bonds, often representing international investment banks and broker-dealers. Pablo Berckholtz spearheads the team and focuses on acquisition financing and corporate restructuring. Alonso Miranda is a key member of the group and concentrates on securitisation, real estate investments, complex debt instruments and liability management transactions. Senior associate Adrian Tovar is noted for his knowledge of bilateral and syndicated financing, the regulation of the securities market, and the structuring of investment funds.

Responsables de la pratique:

Pablo Berckholtz


Les références

‘The capital markets practice is unique because of the transactional experience and in-depth knowledge of the securities market. They present a competitive advantage over other firms.’

‘The team is very collaborative. We coordinate with Alonso Miranda who centralises our requirements.’

‘The specialisation they have. Our main contact is Alonso Miranda who always brings innovative, simple legal solutions and also has extensive knowledge of the market. His extensive experience allows us to resolve some issues based on other market backgrounds.’

Principaux clients

Santander Investment Securities


Banco BTG Pactual


Citigroup Global Markets


HSBC Securities (USA)


J. P. Morgan Chase


ISDA – International Swaps and Derivatives Association


Larrain Vial


Credicorp Capital Servicios Financieros


Banco Internacional del Perú – Interbank


Scotiabank


Citibank


Bank of America


Grupo BVL


Principaux dossiers


  • Acted as legal counsel to Banco Internacional del Peru in connection with its issuance of its 7.625% Subordinated Notes due 2034 under Rule 144-A and Regulation S of the US Securities Act of 1933.
  • Acted as legal counsel to Banco Internacional del Peru in connection with the tender offer to purchase all its outstanding 6.625% Fixed-to-Floating Rate Subordinated Notes due 2029.
  • Advised Grupo BVL on all regulatory aspects under Peruvian law in connection with the international integration of the stock exchanges in Peru, Chile and Colombia, with an exchange of shares between shareholders of the client that adhered to the Acuerdo Marco de Integración, and Holding Bursatil Regional.

Garrigues

Garrigues is highly regarded for its expertise in capital markets deals and is frequently involved in international cross-border debt transactions, often acting as local counsel for leading domestic and global banks and investors. The firm is well equipped to handle complex ECM and DCM transactions, namely project bonds, investment-grade bonds and IPOs. Elsewhere, the team handles international note exchanges, bond issuances and the offering of securities by first-time issuers. The experienced Oscar Arrús leads the department and concentrates on local securities regulation and debt transactions. Sergio Amiel focuses on equity capital markets and IPO work, while Thomas Thorndike covers liability management and international debt offerings by Peruvian issuers, and José Francisco Meier works on domestic capital markets deals. Diego Harman is noted for his activity across the US and Latin American markets and focuses on representing sponsors in future-flow backed securities and private placements. At the principal associate level, Jorge Fuentes handles cross-border debt transactions; Miluska Gutierrez Vega is well versed in regulatory issues; and Monica Yrrarazabal assists clients with the structuring of private investment funds.

Responsables de la pratique:

Oscar Arrús


Les références

‘Garrigues has provided valuable assistance to our firm. Their wide array of expertise, which ranges from M&A legal advisory to financing agreements and capital markets, played a key role in the progress obtained so far.’

‘I would highlight the participation of Sergio Amiel and Miluska Gutierrez in the guidance which they provided to us.’

‘Oscar Arrus and Monica Yrrarazabal were outstanding.’

Principaux clients

Bank of America


Credicorp Capital Servicios Financieros


Hunt Oil Company of Peru


Monachil Capital Partners


Citibank del Perú


Banco BTG Pactual


UBS (formerly Credit Suisse)


Inter-American Investment Corporation


AI Inversiones Palo Alto I


Intercorp Financial Services


Principaux dossiers


  • Advised Santander US Capital Markets, HSBC Securities (USA), Citigroup Global Markets and Banco BTG Pactual on the exchange of the 6.50% senior notes due 2025 for newly issued 10.00% senior secured notes due 2029, issued by Auna.
  • Advised Hunt Oil Company of Peru on the framework of a liability management process carried out through a tender offer.
  • Advised Hunt Oil Company of Peru on an 8.550% Trust Enhanced Senior Notes issuance due 2033.

Miranda & Amado

Miranda & Amado has a well-established reputation in the capital markets field, and as such has an impressive client base, which includes leading local and international financial institutions and conglomerates. Working in tandem with its tax department, the team advises on international debt and equity offerings, and offerings by national banks under Rule 144A and Reg S. Gabriela Dañino leads the group, drawing from her expertise in cross-border finance transactions and project finance know-how. Industry veteran Juan Luis Avendaño is well regarded for his experience in securitisations, asset and company acquisition financing structures, and international offerings of debt instruments. José Miguel Puiggros concentrates on the structuring of financing transactions, takeover bids and public exchange offers, while Alvaro Del Valle often represents corporate borrowers and securities issuers in acquisition financing and syndicated loan matters.

Responsables de la pratique:

Gabriela Dañino


Les références

‘The Miranda and Amado team is different from other firms due to the experience of its partners, as well as their continuous participation in operations, as well as the creativity to provide solutions to complex problems.’

‘The plus is definitely the availability and closeness they have with their clients, in my case in particular it was always very easy to contact them, even outside office hours.’

‘We recommend José Miguel Puigross and Juan Luis Avendaño. Their service is excellent. The organisation, anticipation, and proactivity of the firm in capital market issues is optimal.’

Principaux clients

Bank of America


JP Morgan


Citibank


Citibank del Perú


Banco Bilbao Vizcaya Argentaria


Banco BBVA Perú


Bank of Nova Scotia


Scotiabank Perú


The Bank of Nova Scotia (London)


Banco Santander


Banco Santander Perú


Credicorp Capital Servicios Financieros


Banco de Crédito del Perú


Complejo Agroindustrial Beta


Magna Asesores Financieros


Compass Group


Principaux dossiers


  • Advising BofA Securities, JP Morgan Securities and Santander US Capital Markets, as underwriters, on the offerings made by Banco de Crédito del Perú of its first series 5.85% fixed-rate notes due in 2029 for $500m, and its second series 7.85% fixed-rate notes due in 2029 for $311m.
  • Advising the Bank of Nova Scotia (London) as underwriter of the 9.125% Senior Unsecured Notes due 2023 issued by Sites del Perú for up to PEN872.08m under Regulation S of the US Securities Act 1933.
  • Advising Financiera Oh! on the filing and registration with the Peruvian Superintendency of Capital Markets of its Fifth Program of Negotiable Deposit Certificates for PEN500m, and of the first issuance of negotiable deposit certificates for PEN300m, and the issuance of Series A of negotiable deposit certificates for PEN60m.

Payet, Rey, Cauvi, Pérez Abogados

The highly regarded capital markets offering at Payet, Rey, Cauvi, Pérez Abogados counts local and international banks, mutual funds and private pension fund administrators among its clients. The group’s portfolio of work includes the structuring of public offerings, employee stock option plans, takeover bids, exchange offers and the delisting of securities. The team is co-led by the experienced José Antonio Payet, who handles complex capital markets transactions, and Eduardo Vega, an expert in banking instruments with experience acting for both local and international entities. Principal associate Rocio Gordillo is a key contact.

Responsables de la pratique:

José Antonio Payet; Eduardo Vega


Principaux clients

BNP Paribas


JP Morgan Securities


Merrill Lynch International


BofA Securities


Santander Investment Securities


Morgan Stanley & Co


Banco Santander


Citigroup


Credit Suisse


Patrimonio en Fideicomiso DS 093-2002-EF


Volcan Compañia Minera


Principaux dossiers


  • Advised BBVA Securities, BofA Securities and Goldman Sachs, the initial purchasers, in connection with a tender offer by BBVA Peru to purchase all of its outstanding 5.250% Subordinated Notes due 2029, and the offering of its $300m Subordinated Notes due 2034 pursuant to Rule 144A and Regulation S.
  • Advised Banco de Crédito del Perú, as issuer, in connection with an offering of $500m 5.850% Fixed Rate Notes due 2029, and an offering of PEN1,150m 7.850% Fixed Rate Notes due 2029.
  • Advising Andean Crown on the structuring and registration with the SMV, the Third Program of Sustainable Short-Term Instruments Bosques Amazónicos for up to $50m.

Hernández & Cía

Hernández & Cía is a popular choice for investment funds and financial institutions, which turn to the team for a range of transactional securities work, ECM and DCM transactions such as public tender offers and takeover bids, as well as advice on regulatory matters and listings on the Lima Stock Exchange. Recently, the firm advised the Republic of Peru on its first sustainable issuance. The reputed Juan Luis Hernández heads the department and has a track record in advising leading banks and investment funds on private capital placements and the creation of innovative security market structures. Corporate lawyer José Manuel Abastos advises on project financing, sovereign financing and various M&A deals. Senior associate Gloria Zubizarreta is noted for advising international clients with local portfolio listed companies on Peruvian capital markets transactions, while Erick Calla is well versed in regulatory issues related to the stock market. Andrea Limón and Verónica Balta are also key contacts at the senior associate level.

Responsables de la pratique:

Juan Luis Hernandez


Les références

‘Hernández is a first-class firm, and we are very happy with the service they have provided us.’ 

‘Their extensive knowledge, experience and client focus. They are always attentive to whether the answer they gave us satisfies our need, if we need any clarification or precision or if we need to delve deeper into some aspect of the topic.’

‘The team is very specialised and handles both knowledge and cases. A very well-led team and above all with a high standard of client orientation.’

Principaux clients

Republic of Peru


AB InBev Group/ Backus


The Carlyle Group


Andino Investment Holding


Ernst & Young Peru


Grupo Romero Investment Office


BBVA Peru


Interseguro Compañía de Seguros


Falabella Group


Telefonica Factoring


The Carlyle Group – Liderman


The Carlyle Group – Coney Park


Gildemeister Group


Faro SAF


Zest Capital Perú


Salaverry S29


BD Capital Sociedad Titulizadora


Inversiones Platinum


Principaux dossiers


  • Advised the Republic of Peru on the issuance of sovereign bonds in local currency for $2.5bn, to exchange certain series of sovereign bonds in dollars.
  • Advised the Andino Group in the execution of its internationalisation and expansion to Europe.
  • Advising The Carlyle Group on the entry of Copen Inversiones to the Peruvian capital market.

Rebaza, Alcázar & De Las Casas

At Rebaza, Alcázar & De Las Casas, the reputed capital markets team advises an array of domestic and international clients from the tech and mining sectors on various high-value transactions. The group’s workload includes public and private securities offerings, regulatory matters concerning corporate governance, the development of new businesses, and the management of investment and mutual investment funds. Notably, the practice leverages its strong tax expertise to advise on capital markets-related tax issues. The offering is jointly led by the experienced Rafael Alcázar, who handles complex cross-border finance deals, and Daniel Gonzáles, who draws on his transactional expertise to advise on distressed finance mandates. Luis Miguel Elias concentrates on transactions in the mining sector, and Víctor Valdez covers structured finance matters. At the senior associate level, Fiorela Ccahua handles securitisations, while Valeria Sánchez demonstrates strength in bond and note issuances.

Responsables de la pratique:

Rafael Alcázar; Daniel Gonzales


Les références

‘The Rebaza, Alcazar & De las Casas firm has a high level of commitment to what is requested, serving as an active advisor at each stage of the operation, as well as supporting in an ideal manner the responses they provide.’

‘The level of structuring and ensuring that the operation is in accordance with the regulation and with the objective sought, not only focusing on indicating the standard but also ensuring that the legal structuring is in accordance with what the market is looking for.’

‘The Rebaza Alcazar & De las Casas team is an exceptional team, very collaborative and always looking for solutions to complex problems in times that fit the transaction.’

Principaux clients

Grupo Energía Bogotá


Latam Private Partners


Total Servicios Financieros Empresa de Créditos


Magna Asesores Financieros


ACRES Sociedad Agente de Bolsa


ACRES Sociedad Administradora de Fondos de Inversión


Prestamype Group


Core Capital Sociedad Administradora de Fondos


Principaux dossiers


  • Advised ACRES SAFI on the structuring and launch of its new and first factoring investment fund, Fondo de Inversión de Factoring Fast Capital.
  • Advised Grupo Energía Bogotá and its Peruvian branches in the issue of senior notes due in 2033, under the guidelines of the Securities Act of the US.
  • Advised Core Capital on the structuring and launch of Fondo Edifica V, a public investment fund that conducts investments of equity, investment and mutual funds.

Rodrigo, Elías & Medrano Abogados

Rodrigo, Elías & Medrano Abogados’ capital markets team counts leading domestic banks and foreign export credit agencies among its clients. The group advises on ECM and DCM transactions, project bonds, sovereign issues and international securitisation processes, as well as offering regulatory and compliance know-how. The experienced Jean Paul Chabaneix leads the department and is well versed in the issuance of private notes and the exchange of senior notes. Chabaneix is ably supported by Nydia Guevara, who concentrates on structuring finance and equity transactions, in addition to handling hybrid instruments and subordinated debt. Jorge Trelles is reputed for his work on several Rule 144A and Reg S deals, while senior counsel Paul Castritius focuses on securities and various financial regulatory matters.

Responsables de la pratique:

Jean Paul Chabaneix


Les références

‘Rodrigo is a powerhouse. Their level of delivery is excellent, and they constantly demonstrate levels of excellence rarely seen in the market.’

‘Jean Paul Chabaneix and Jorge Trelles have accompanied us in the most emblematic, complex and significant deals of the group in the region. Both stand out for their business acumen and their excellent responsiveness and availability.’

‘Estudio Rodrigo’s practice in Capital Markets is very specialised and has high-level professionals.’

Principaux clients

Southern Copper Corporation


Renta 4 Sociedad Agente de Bolsa


Nexa Resources Perú


BBVA Sociedad Titulizadora


CVC, Abu Dhabi Investment Authority (ADIA)


UBS


Aenza


Luz del Sur


Auna


International Finance Corporation (IFC)


Sites del Perú


Compass Group


Principaux dossiers


  • Advised Auna in connection with the offer to exchange its existing 6.500% Senior Notes due 2025 for its newly issued 10.000% Senior Secured Notes due 2029, and the liability management of its previously issued secured private notes for up to $505m.
  • Advised International Finance Corporation in connection with a private issuance of Subordinated Bonds by Protecta Compañia de Seguros in the amount of up to $25m.
  • Advised Sites del Perú in connection with the offer and sale by the company of S/872,080,000 9.125% Senior Notes due 2033, issued and governed by New York law, and offered in reliance on Regulation S.

Rubio Leguía Normand

Benefitting from a steady pipeline of international equity and debt capital market deals, the capital markets department at Rubio Leguía Normand frequently leads in high-profile and international transactions. Often acting for major global investment banks, the group continues to advise on sovereign transactions and complex securitisation deals. Seasoned finance practitioner Andrés Kuan-Veng stands out for his expertise in the execution of foreign public and private securities offerings, covering IPOs and issuances under Regulation S and Rule 144A. Gerardo Guzmán offers M&A experience, while consultant Eliana Peláez specialises in corporate finance and project finance, advising on both Peruvian and New York law. Senior associate Luis Miguel Garrido is a key contact for banking and capital markets regulation, while associate Sheerley Cárdenas focuses on international corporate financing. Carlos Arata left the firm.

Responsables de la pratique:

Andrés Kuan-Veng


Principaux clients

Kallpa Securities


Neoagrum


Banco Interbank


Protecta Compañia de Seguros


Arca Continental Lindley


Citibank


Credicorp Capital


JP Morgan Chase


HSBC Securities


Petroperu


Principaux dossiers


  • Advised Citibank, JP Morgan, HSBC and Santander, as arrangers, on a transaction involving the Republic of Peru’s sovereign bonds on the international market.
  • Advised Credicorp on its first issuance of securitisation bonds of up to $1.08bn.
  • Advising Macroinvest on a multimillion-dollar structure which aims to set up an investment fund that obtains financing through the placement of debt certificates.

Benites, Vargas & Ugaz

At Benites, Vargas & Ugaz, the capital markets offering covers contract negotiations, risk evaluations, and acting as transactional counsel for key matters. The team is noted for its strengths in the regulatory elements of the capital markets, and also assists clients with asset securitisation work and innovative financing. The well-regarded Jeanette Aliaga leads the department and concentrates on representing top domestic and international companies on project financing, securities offerings and private equity investments. Associate Enzo Rodríguez Mendoza is a key member of the firm and routinely handles complex capital markets transactions involving banking trusts and public offerings.

Responsables de la pratique:

Jeanette Aliaga


Les références

‘The team offers professional guarantee in the various branches we use, at the same time the coordination between them means that the results obtained from the various specialties can align their work together and aligned towards the objectives we seek.’

‘We recommend Jeanette Aliaga for her expertise, dynamism, and clarity.’

‘They have demonstrated mastery of the subject that was assigned to them and the proximity of the advice and openness for consultations stands out.’

Principaux clients

CAVALI


Financiera Confianza


La Positiva Vida Seguros y Reaseguros


Pacífico Compañía de Seguros y Reaseguros


Interseguro Compañía de Seguros


Protecta S.A. Compañía de Seguros


Caja Municipal de Ahorro y Crédito de Maynas


Toleman (Altozano Group)


Linklaters Paris


Apoyo Clasificadora de Riesgos


Core Capital SAFI


Popular – Sociedad Administradora de Fondos de Inversión


Prival Bank


Enabling Qapital


Macrocapitales


Cooperativa de Ahorro y Crédito San Francisco


Ajeper


Principaux dossiers


  • Advised various insurance companies involved in the Rutas de Lima toll concession issue, where the Metropolitan Municipality of Lima sought to terminate the concession and regain toll collection control.
  • Advised CAVALI, which involved assessing the administrative and civil liabilities of a management company following CAVALI’s investment in share units of an investment fund and its underlying vehicle, which resulted in devaluation due to credit events in Mexico.

CMS Grau

Ideally situated within a globally integrated network, the capital markets team at CMS Grau advises on international bonds, local bond and commercial paper offerings, as well as regulatory, operational and tax matters. The firm counts financial institutions, private and public investors, and domestic investment funds among its key clients. The leadership trio comprises Miguel Viale, Diego Peschiera and Juan José Hopkins. Viale’s key strengths include bank lending and stock market transactions, while Peschiera handles senior and subordinated debt issues under Rule 144A/Reg S, and Hopkins assists fintech start-ups with their entry into the Peruvian market.

Responsables de la pratique:

Miguel Viale; Diego Peschiera; Juan José Hopkins


Principaux clients

Credicorp Capital Servicios Financieros


Banchile Administradora General de Fondos


Interbank


Acres


Kallpa Securities


PDC Capital


Pareto Securities


Banco Internacional del Perú – INTERBANK


Nexa Resources


Banco Falabella


Migrante


Meridian Group Associated


Banco de Credito del Perú (BCP)


Principaux dossiers


  • Provided advice on the first inaugural issuance programme of short-term debentures and securitised bonds of Grupo Vega Distribución and Corporación Vega, up to the amount of S/70m.
  • Advising Caral on the structuring and execution of the divestment of the Paladin fund in the various real estate projects executed by Caral in Peru.

De Bracamonte - Haaker - Castellares

At De Bracamonte - Haaker - Castellares, the capital markets department advises on an array of matters, including the issuance and placement of debt securities, securitisation trust structures, real estate finance and private placements. The team is co-led by Ricardo Manuel Haaker Yori, who is experienced in domestic and international financing, syndicated loans and project bonds, and Christian Castellares Alfaro, who concentrates on representing issuers and sponsors in the public and private issuances of asset-backed securities. Senior associate Luis Fernando Edwards Rios is another name to note.

Responsables de la pratique:

Ricardo Manuel Haaker Yori; Christian Castellares Alfaro


Principaux clients

La Vitrina S


Activa Private Debt Perú


Banco Internacional de Costa Rica


Operadores Concentrados Peruanos


Principaux dossiers


  • Assisted Operadores Concentrados Peruanos in the drafting of a private programme of debt securities up to $18m.
  • Advised Activa Private Debt on the structuring of several securitisation trusts to issue private bonds in order to finance several real estate projects.
  • Advised Banco Internacional de Costa Rica on the restructuring of the securities and negotiation of repayment documents concerning the repayment of the financing of the bond holder, up to $10m.

DLA Piper Perú

The capital markets team at DLA Piper Perú leverages its international network of offices to advise local banks and other financial institutions on a range of matters, including securities placements, regulatory concerns and bond issuances. The firm also undertakes work relating to public equity and debt capital transactions, listings in international markets, offerings of high-yield bonds, and Rule 144A and Regulation S transactions. Sergio Barboza oversees the department and offers strong capital markets regulation know-how. Principal associate Nelly Espinoza is noted for her specialisation in the field, particularly within the financial and insurance areas. Associate Farah Torres handles the structuring of various loans and stock market regulations.

Responsables de la pratique:

Sergio Barboza


Les références

‘DLA has a very senior team of lawyers. We have dealt with 6 senior lawyers and one partner. It is a fantastic ratio for a law firm in Peru. This is a highly trained team that can handle multiple transactions simultaneously, independently.’

‘The DLA team knows not only the market and its regulation, but also understands and knows the client, which allows it to establish a strategy based on the company’s objectives and purposes. Sergio Barboza and Farah Torres and the entire team advise not only considering a comprehensive regulation but also recommending the best options that allow establishing a safe and real path.’

‘The lawyers on the banking & finance and capital markets team at DLA Peru are extraordinary. For example, Nelly Espinoza and Farah Torres are brilliant at providing advice on financial regulation and capital markets.’

Principaux clients

Credicorp Capital Servicios Financieros


Santander Consumo Perú


Inteligo SAB


BTG Pactual SAB


BTG Pactual SAF


Banco Interamericano de Finanzas


Qualitas Compañía de Seguros


Corporación Financiera de Desarrollo – COFIDE


Interfondos SAF


Los Portales


Financiera Efectiva


Principaux dossiers


  • Advised Inteligo on its role as arranger and underwriter of the Second Short-Term Instruments Programme of Santander Consumo Perú.
  • Advised Credicorp Capital, in its role as arranger, on the placement of the negotiable certificates of deposit corresponding to Series B, C, and D of the Third Issue of the Fourth Programme of Certificates of Deposit of the Banco Interamericano de Finanzas-BanBif.

Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados

Strengthened by the arrival of new practice head Carlos Enrique Arata, who joined from Rubio Leguía Normand, the capital markets department at Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados counts local and global financial institutions and investment funds among its key clients. Arata draws from his extensive experience in corporate transactions to advise on stock exchange listings, syndicate loans and securitisation structures, often across the real estate, retail and hydrocarbon industries. Rocio Izquierdo assists clients with the local issuances of bonds and the structuring of corporate bonds, as well as regulatory matters. Senior associate Alesandra Azcárate handles cross-border financing work, in addition to transactions under Rule 44A and Regulation S.

Responsables de la pratique:

Carlos Arata


Les références

‘Estudio Muñiz is a specialist in the legal due diligence process for investing in local and foreign investment funds. Additionally, part of their strengths is the immediate relationship to serve the client and seek solutions during the evaluation process. They provided me with support and advice in the transaction of private bond issues, showing agility, closeness and ability to solve problems.’

‘Rocío Izquierdo is an outstanding professional. The work is diligent, timely and impeccable.’

‘Rocío Izquierdo knows how to adapt and respond to our needs. We are very satisfied to work with a professional with her profile since she makes our work easier in every project we see with her.’

Principaux clients

China Yangtze Power


China Three Gorges Corporation


Banco BBVA Perú


Banco de Crédito del Perú


Insigneo Securities


U.S. Bank


Wilmington Trust


Citibank


Marsh Rehder


Credit Suisse


Banco Internacional del Perú – INTERBANK


Acres Finance


Volcom Capital


Protecta Security Compañía de Seguros


Fynsa


Macroconsult


Principaux dossiers


  • Advised Acres Finance and a group of insurance company investors on the structuring of a S/70m securitisation by Yobel Supply.
  • Advised the shareholders of Agrokasa Holdings on a $161m sale that occurred on the Lima Stock Exchange.

Philippi Prietocarrizosa Ferrero DU & Uria

Regarded for its strength in securities regulation, Philippi Prietocarrizosa Ferrero DU & Uria’s capital markets practice acts for a range of clients, including brokerage firms, issuers, fund managers and banks. The firm regularly advises on securitisation structures, regulatory matters and domestic bond issuances. The department is under the leadership of Antonio Guarniz, who handles equity issues, medium-term loans and syndicated loans. Senior associate Victor Bravo is noted for his work on finance leases and debt instruments, while associate Mario Arce covers financial regulation matters and the incorporation of fintech companies in Peru.

Responsables de la pratique:

Antonio Guarniz


Les références

‘Comprehensive advice, from start to finish. Very willing to resolve queries.’

‘In addition to experience, they are very good at scheduling meetings and delivering reports on time.’

‘We recommend Antonio Guarniz for the experience he brings to the projects, which is very enriching considering his experience in said public sector.’

Principaux clients

Grupo BVL


Bolsa de Comercio de Santiago


Bolsa de Valores de Colombia


Lumina Capital Management


CPPIB Credit Investments


Grupo Hame


Agrokasa Holdings


Empresa Azucarera El Ingenio


Popular Sociedad Administradora de Fondos de Inversión


Agro Industrial Paramonga


Redditus Capital


Faro Capital Sociedad Administradora de Fondos Mutuos


Banco de Crédito del Perú


Enfoca Sociedad Administradora de Fondos de Inversión


Grupo Coril


Grupo Visiva


Grupo Megacentro


LXG Capital


Core Capital


Grupo Lindcorp


Aosphere


Principaux dossiers


  • Advised Grupo BVL, Bolsa de Comercio de Santiago and Bolsa de Valores de Colombia on a deal aimed to integrate the three markets under a common holding company.
  • Advised Lumina Capital Management on a $490m senior secured notes programme issued by Auna and Hospital y Clínica OCA.
  • Acted as counsel to CFG Investment in the tender offer to redeem for cash its Variable Rate Senior Secured Notes due 2032, and purchase for cash its 10.00% Second Lien Notes due 2032, from previous issuances of notes.