Market: Peru

Deal of the Year Winner: Project Finance (Infrastructure)

Featured in 15th Annual Awards

Peruvian port operator Tramarsa’s US$132million syndicated loan funded the modernisation of the Salaverry port, which is the country’s first public-private partnership (PPP) port project. In accordance with PPP regulation, the country’s private investment promotion agency ProInversión had to approve the financing structure before it could close. This was the first time the agency had issued such approval, setting a precedent for future deals. It is our infrastructure project finance Deal of the Year.

24 May 2021

Petroperú seals natural gas supply deal for Talara refinery

Rodrigo, Elías & Medrano Abogados has helped Gases del Norte de Perú (Gasnorp) sign a distribution agreement with Petroperú to deliver natural gas to the state-owned gas company’s Talara oil refinery.

21 May 2021

Deal of the Year Winner: Private Equity

Featured in 15th Annual Awards

CVC Capital Partners’ acquisition of Peruvian cash management business Hermes Transportes Blindados required a two-pronged approach. To clinch the deal, CVC had to undertake a public tender offer to purchase the majority of the listed company’s shares directly – from counterpart The Carlyle Group – at the same time as reaching separate, private, deal for the remainder. The multi-layered transaction between two of the world’s largest private equity investors played out over the Lima Stock Exchange and established sophisticated deal-making and compliance standards. It is our private equity Deal of the Year.

21 May 2021

Peruvian state agency seeks to halt liquidation of oil consortium

A Peruvian state agency has filed an International Court of Arbitration (ICC) claim against an oil consortium, accusing it of using liquidation proceedings to escape its contractual and environmental obligations.

17 May 2021

Rodrigo Elías helps Spain’s Celeo Redes win Peruvian power projects

Rodrigo, Elías & Medrano Abogados has helped Spanish power company Celeo Redes win a bid to build two power projects in Peru.

13 May 2021

Latin Lawyer announces Elite 2021

Featured in Latin Lawyer Elite 2021

Latin Lawyer Elite firms have each carved out their own paths towards excellence and demonstrate unique areas of strength. Here, we reveal this year’s Elite.

12 May 2021

Multiple firms in cross-border Andean Tower financing

Cleary Gottlieb Steen & Hamilton LLP in New York and São Paulo and Garrigues in Chile, Colombia and Peru have helped digital infrastructure provider Andean Telecom Partners (ATP) obtain a US$420 million financing through a capital market issuance and a loan.

11 May 2021

Peru's presidential frontrunner proposes ditching ICSID

Peruvian presidential frontrunner Pedro Castillo has pledged to withdraw the country from the International Centre for Settlement of Investment Disputes (ICSID) and other Investor-State Dispute Settlement (ISDS) mechanisms and create a new regional arbitration centre for South American nations if he wins a runoff vote in June.

10 May 2021

Peruvian gold miner digs out second loan extension

Peruvian law firm Payet, Rey, Cauvi, Pérez Abogados has advised Gold Fields La Cima, the local subsidiary of South African miner Gold Fields, on its second extension of a US$150 million loan obtained in 2017.

07 May 2021

Honorato Delaveau helps Andean fund get IDB and IFC backing

Honorato Delaveau has helped a fund controlled by Chilean investment management company HMC Administradora General de Fondos (HMC-AGF) receive a US$40 million cash injection from IDB Invest and the International Finance Corporation (IFC).

28 April 2021

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