Milbank, Tweed, Hadley & McCloy LLP is ranked the #1 international law firm for Latin America energy/infrastructure transactions in Inframation’s league tables for the first half of 2018. Milbank closed multiple high-profile transactions in numerous industries, including the largest transaction in the region. The projects span Mexico, Brazil, Chile, Colombia and other countries, and include collaboration with sponsors, lenders, private equity funds and institutional investors.
- Milbank represented the institutional investors in the private placement refinancing of the Nueva Era Pipeline Project, a natural gas pipeline connecting sites in Texas and Monterrey, Mexico, with pipeline capacity being sold to Mexico’s CFE.
- Milbank advised EIG Global Energy Partners and its subsidiary Cerro Dominador in connection with the financing of a concentrated solar thermal power plant and photovoltaic solar power plant in Chile.
- Milbank advised Actis in its acquisition (and the related acquisition financing) of InterGen's Mexican portfolio of businesses, including 2,300+ megawatts.
- Milbank advised the lenders in connection with a financing provided to Brookfield to fund the acquisition of a controlling interest in Gas Natural S.A. ESP, the second largest gas distribution network in Colombia.
- Milbank advised the lenders in connection with a financing provided to Glenfarne Group, LLC to fund the construction of a portfolio of power plants in Chile.
- Milbank represented Mitsui & Co. Ltd. and Técnicas de Desalinización de Aguas, S.A., a subsidiary of Cobra Instalaciones y Servicios, S.A. as sponsors in connection with the greenfield project financing of a major water desalination project (“Spence”) in Chile.
- Milbank represented the lenders to Pemcorp, S.A.P.I de C.V. in connection with the construction financing of a major gas-fired power plant in the state of Nuevo Leon in Mexico.
- Milbank represented the lenders in connection with the financing of the Fruta del Norte gold project, located in Ecuador.
- Milbank represented the investors in connection with a private placement financing of an open cycle natural gas-fired power plant project in Mexico.
In addition to the aforementioned financings, Milbank has recently also advised on:
- Marking the largest cross-border energy related transaction in Brazil in recent years and the largest LNG-to-Power deal completed in Latin America to date, Milbank advised CELSE – Centrais Elétricas de Sergipe on the financing for the Porto de Sergipe I Thermoelectric Complex.
- Advised Allianz Global Investors U.S. LLC (acting on behalf of its clients) and a commercial bank group as lenders and institutional investors in connection with the bank and bond re-financing of a 420-kilometer natural gas transportation pipeline owned by leading Mexico infrastructure builder and operator Fermaca Pipeline El Encino, S. de R.L. de C.V.
- Advised the lenders in connection with the financing of the acquisition of multiple power plants in Chile by the EDF Group and AME, a Chilean IPP.
- Advised the lenders in connection with the financing of Jinko Solar’s Viborillas Solar Park in Mexico, a utility scale photovoltaic solar power plant.
Dan Bartfeld, Practice Group Leader of Milbank’s Global Project, Energy and Infrastructure Finance Group, said: “Milbank’s involvement in the majority of Latin America’s landmark energy and infrastructure transactions over the past few months reflects our clients’ dedication to making significant investments in many countries and industries in the region. We expect this level of activity to increase over the coming months as our clients recognize the opportunities that the region offers.”
