Salaverri, Dellatorre, Burgio & Wetzler Malbrán is one of the leading business law firms in Argentina, with a reputation for providing sophisticated and high-quality legal services in both local and international matters. The firm is widely recognised for its expertise in mergers and acquisitions, private equity, capital markets, banking and financing, restructuring and insolvency, and dispute resolution.
Main areas of practice
Banking and finance: The firm represents international and local lenders and borrowers in all kinds of financings, including acquisitions finance, leveraged buyout finance, project finance and equity investments. SDBWM’s partners have continually represented Pampa Energía and its subsidiaries in a number of sophisticated financings. Further, they have been repeatedly engaged by their private equity clients to leverage some of their most significant acquisitions, and by market-leading financial institutions to advise them on cross-border and local, secured and unsecured, syndicated and non-syndicated credit facilities.
Capital markets: The firm has extensive experience in securities law, regularly representing leading financial institutions as well as corporate issuers in local and international equity and debt offerings. For example, the partners of the firm and the firm have regularly represented Pampa Energía and its subsidiaries in several local and cross-border equity and debt offerings and tender offers.
Dispute resolution: The firm handles civil and commercial litigation, national and international arbitration, with specific focus on complex cases. The firm’s team draws significant experience from tenures at national courts and has earned a reputation for their innovative strategies and business-oriented approach. Recent cases include advising AEI and, subsequently, Pampa Energía on the cross-litigation between CIESA and certain of its shareholders in connection with CIESA’s financial debt, and IEASA on certain arbitration proceedings initiated by EDF International before the ICC’s International Court of Arbitration.
General corporate: The firm provides comprehensive advice to a range of local and foreign clients, advising them on most aspects of their business activities in Argentina, including, among others, on corporate governance and restructurings, commercial agreements and government contracts.
Insolvency/debt restructuring: The partners of SDBWM played a significant role in the debt restructurings of the principal Argentine private sector borrowers that took place after the devaluation of the Argentine peso in 2002, including proceedings involving Telecom, Edenor, EASA, Cablevisión, Multicanal, Transener, Fargo, Havanna, OCA, CIESA and Interbaires. Recently, the firm represented financial creditors in the reorganisation proceedings of Metrogas and Gas Argentino.
Mergers and acquisitions/private equity: The firm’s team has represented leading strategic and private equity players, as well as financial institutions, in several of the largest and most complex mergers and acquisitions that have taken place since Argentina’s 2001 economic crisis, including, among others, acquisitions of controlling or significant equity stakes in Pampa Energía, Edenor, TGS and several Coca-Cola products bottling and distribution companies. Likewise, they have been actively involved in divestitures carried out by its clients, such as in Southern Cross Group’s sale of a controlling stake in CGC. Lately, the firm represented Sophia Capital in its acquisition of Lupatech’s Argentine assets and Petrolera Pampa in its Vaca Muerta joint investments with YPF.
International work: The firm and its partners have regularly advised their clients in cross-border transactions. In particular, they have led several multi-jurisdictional M&A deals along with New York based firms – such as Southern Cross Group’s investments in Ultrapetrol (Bahamas) Ltd and Estrella International Energy Services – and counselled international clients in acquisitions in other Latin American countries, such as Arca Continental and Coca-Cola in their joint acquisition of a controlling interest in Holding Tonicorp in Ecuador. Recently, the firm advised Arca Continental in its landmark acquisition of a controlling interest in Corporación Lindley, the sole Coca-Cola brand beverages bottler in Perú.