The powerhouse corporate group at McConnell Valdés LLC remains a market leader, channeling the experience of its team to advise insurers and national and multinational financial institutions and corporates, across such sectors as hospitality, energy, health, media, entertainment, financial services, aviation and infrastructure, on high-value, cross-border transactions. The practice’s full service covers matters ranging from M&A, public-private partnerships for major infrastructure projects, restructurings and insolvency to municipal financing, creditors’ rights, government affairs and securities. The team is led by Rubén Méndez-Benabe, an expert in representing national banks, institutional lenders, financial institutions and borrowers in complex financings, and corporate group vice-chair Lizzie Portela-Negrón. Fellow vice-chair Ricardo García-Negrón specialises in capital-raising transactions and securities regulatory compliance. Other key figures include Samuel T. Céspedes Jr., who leads the M&A and corporate and public finance groups; Ernesto Mayoral, who brings strength to financial and insurance entities acquisitions; and Jaime González-Suárez, who manages complex municipal finance transactions.
Corporate, commercial and banking in Puerto Rico
McConnell Valdés LLC
Responsables de la pratique:
Rubén Méndez-Benabe; Lizzie Portela-Fernández
Principaux clients
Abertis Infraestructuras
Aerostar Airport Holdings
AmeriNational Community Services
Destilería Serrallés
FirstBank Puerto Rico
Guayacan Fund of Funds VI
Insigneo Financial Group
Liberty Latin America
Principaux dossiers
- Represented the Abertis Consortium, as local counsel, in connection with the request for proposals for the financing, operation, maintenance and improvement of the four toll roads issued by the Puerto Rico Public-Private Partnerships Authority.
- Advised Reden Solar, a French photovoltaic plant developer and operator (a subsidiary of France-based investment companies InfraVia and Eurazeo), and its subsidiary operating companies of Fonroche Energy America, in a $78m credit facility for the financing of two photovoltaic utility-scale solar projects.
- Advised VRM Penzini Fund I on the purchase of GFC Holdings, owner of Biomass Gren Fuels, a landfill gas facility that exploits renewable landfill methane gas in Puerto Rico.
O'Neill & Borges
O'Neill & Borges remains a force in the marketplace, harnessing the experience of its team to advise government agencies, insurers, domestic and multinational financial institutions and corporates (including Costco and T-Mobile) on a diverse spectrum of corporate and banking matters. The group’s active client base spans such sectors as retail, media, hospitality, telecoms, financial services, tech, education and transport. The practice’s comprehensive offering encompasses M&A, restructurings and government contracts, commercial lending, public offerings and private placements of municipal securities, as well as matters involving investment company and asset-backed securities. The practice is headed by Javier Vázquez-Morales, while Alfredo Alvarez-Ibañez, who brings expertise to commercial lending, secured transactions and asset-based finance, is also a prominent practitioner in the group. Other key figures include Rosa Lázaro, who specialises in M&A and regulatory matters; Edgardo Nieves Quiles, who handles workouts, restructurings and discounted pay-off transactions; senior counsel Julio Pietrantoni, who displays proficiency in municipal securities and corporate debt and equity securities matters; and Nicole Berio Dorta, who manages the granting of credit facilities to both public and private entities. The practice was further bolstered by the December 2023 promotion of Josué González to partner.
Responsables de la pratique:
Javier Vázquez-Morales
Principaux clients
Medical Card System (MCS)
Nave Bank
Costco Wholesale
Interlink Group
Acrecent Financial
Parliament Capital Management
Braemar Hotels & Resorts
T-Mobile
Toyota Credit de Puerto Rico
Principaux dossiers
- Represented the owner (BHR Dorado) and operating lessee (BHR TRS Dorado), of the Dorado Beach Ritz Carlton Reserve Hotel, a luxury hotel in Dorado, Puerto Rico, in connection with a syndicated term loan and revolving credit facilities transaction valued at $200m (with the opportunity to expand borrowing capacity to $400m), granted by, among other lenders, Bank of America.
- Serving as the lead Puerto Rico counsel to the Financial Oversight and Management Board for Puerto Rico (FOMB) in the bankruptcy of the Commonwealth of Puerto Rico and several of its public corporations.
- Assisted MHR Fund Management in the due diligence process, drafting and negotiation of transaction documents and successful purchase of a portfolio of motor vehicle and charged-off consumer loans from Oriental Bank, valued at $31m.
DLA Piper Puerto Rico
The team at DLA Piper Puerto Rico coordinates with its US offices to advise domestic and multinational corporates and financial institutions (including UBS and Citibank) involved in high-value, cross-border transactions. The practice’s active client roster spans such sectors as energy, food and beverages, financial services, tech, construction, education, government, logistics and entertainment. The team’s full offering covers matters ranging from public-private partnerships, M&A, debt financing, bank licensing and regulatory matters to private placements, fund formation, administrative law, project finance, spin-offs and corporate reorganisations. The practice is led by Nikos Buxeda who, in addition to international transactions, assists with the organisation of local mutual funds, private equity funds and distribution agreements. Other key figures include banking regulatory expert José Sosa-Lloréns; managing partner and energy sector specialist Miriam Figueroa, who brings strength to infrastructure projects and public law matters; and associates Adriana Pérez-Rentas, Rubén Fernández Agramonte and Iván Garau González.
Responsables de la pratique:
Nikos Buxeda
Les références
‘DLA Puerto Rico has a team of first-rate professionals, who are also great people.’
‘They stand out for their solid knowledge and contacts in all strata necessary for the discussion and solution of problems and situations that can suddenly arise due to the dynamics of the business.’
Principaux clients
Luma Energy
Sunrun
Preferred Capital Management
Puerto Rico Housing Finance Authority
FV Bank International
The Roundtable
Tea
Puerto Rico Banking Association
RioBlanco Capital
Stonecrest Investment Management
Atabey Capital
Puerto Rico Supplies
UBS
Nagnoi/Ingenia Health
Citibank
University of Puerto Rico
Bacardi Corporation
Acciona Construccion
Principaux dossiers
- Advised Luma Energy on the negotiation of vegetation management contracts in excess of $1bn to implement the preventive vegetation plan to minimise damage caused by storms and other weather events.
- Advised the Puerto Rico Housing Finance Authority on the issuance of federal tax-exempt obligations in order to issue 4% low income tax credits.
- Advised V Suarez as the investor on the negotiations of a $75m capital commitment arrangement with a PR fund manager.
ECIJA SBGB
The team at ECIJA SBGB harnesses the bench strength of its global network to assist commercial banks, government entities and non-profits, investors and multinational corporates across such sectors as IT, energy, shipping, retail and financial services with day-to-day corporate operations and high-value, multi-jurisdictional transactions. The practice’s comprehensive service covers matters ranging from M&A, joint ventures, corporate finance and estate planning to corporate governance and tax exemptions, as well as regulatory compliance. The practice is headed by office managing partner Fernando Berio, who brings expertise to real estate pre-development activities, tax credit equity procurement and deal negotiations, and experienced corporate counsellor Jorge Fernández-Reboredo, who manages compliance monitoring and real estate M&A at the retail and distribution levels. Milimar Landrón-Acevedo, who was promoted to partner in September 2023, specialises in employee benefits and compensation matters.
Responsables de la pratique:
Jorge Fernández-Reboredo; Fernando Berio
Les références
‘The team at ECIJA have diverse knowledge and experience in various areas of law, which makes them unique. Their prompt responses to enquiries ensure every client is happy and demonstrate impeccable diligence.’
‘The ECIJA team have extensive knowledge. Jorge Fernández-Reboredo is distinguished by his track record of experience in different fields of law. His team, including Milimar Landrón, are super efficient and have great legal knowledge and research skills.’
Principaux clients
NFEnergía (New Fortress Energy)
Luis A. Ayala Colón & Sucres
Banco Popular de Puerto Rico
Abarca Health
Aon Risk Solutions of Puerto Rico
Anthony Veder Group (Netherlands)
GeneraPR
Caribe Pharmacy Holdings
IOR Partners
Aspen Surgical Puerto Rico
IQTek Solutions Puerto Rico
CRL Capitol Bridge
Energeólica de Puerto Rico
Money Group
Balearia Puerto Rico
Amerijet International
Maximo Solar Products
Principaux dossiers
- Acting as Puerto Rico counsel for New Fortress Energy for its corporate subsidiaries as guarantors of its $856m aggregate principal amount of a senior secured term loan credit facility due 2028.
- Assisted Genera PR, a subsidiary of New Fortress Energy, in securing a 10-year operation and maintenance agreement with the Puerto Rico Electric Power Authority via a competitive process managed by the Puerto Rico Public-Private Partnerships Authority.
- Providing comprehensive legal assistance to Balearia Puerto Rico on a project to develop a passenger and cargo terminal in Mayagüez, Puerto Rico, for a daily route to San Pedro de Macorís in the Dominican Republic, involving a $100m investment in a new vessel and over $25m in terminal infrastructure.
Estrella LLC
Estrella LLC draws on the bench strength of its team to advise such household-name multinationals as Walmart, T-Mobile and Microsoft, involved in high-value, complex, cross-border transactions. With an active client base spanning sectors ranging from retail, tech, energy and aviation to telecoms, financial services, construction and entertainment, the firm’s comprehensive offering extends to stock and asset purchases and sales, joint ventures, restructurings, corporate governance, due diligence and litigation concerning control disputes among business owners, directors and officers. The practice is headed by José Meléndez Alfonzo, an expert in energy industry issues. Managing partner Alberto Estrella brings experience to commercial and contractual disputes, premises liability issues, franchise law, antitrust and business regulation, in addition to administrative law matters. Bankruptcy practice leader Carlos Infante utilises his gaming industry expertise. At the associate level, Mayra Artiles Fonseca assists with intellectual property, privacy law and data protection, and business immigration issues, in addition to general corporate matters; Alejandro García specialises in franchising and notarial law; and Rhayza Syd Rivera, who handles complex IT and hospitality industry matters.
Responsables de la pratique:
José Meléndez Alfonzo
Les références
‘José Meléndez’s risk analysis and mitigation proposals are balanced with a good commercial perspective.’
Principaux clients
Wal-Mart Puerto Rico
Copa Airlines
T-Mobile Puerto Rico
Tix.By
USA Opportunity Income One
Microsoft Caribbean
Star Power Systems
Ballers Puerto Rico Sportsbook
LMG Gaming
M&M Initiatives
Grupo Estrella
R. Franco Technologies
Nuvei
Principaux dossiers
- Advised an international company on due diligence and a company reorganisation valued at over $250m.
- Advised a client on the sale and due diligence of a new construction project valued in over $100m.