Davis Polk advises some of the largest corporations, fund sponsors, banks and other financial institutions in Spain and Latin America on a comprehensive range of capital markets, mergers and acquisitions, private equity, lending and project finance transactions, and international dispute resolution matters. Our in-depth regional knowledge of business practices and regulatory requirements allows us to effectively deliver the legal advice our clients need.

Our dedicated resources in Spain and Latin America include: 

• Our Spain and Latin America Group. The Group consists of 36 lawyers, including 15 partners resident in Madrid, São Paulo, New York, Menlo Park and Paris offices, with most members fluent in Spanish or Portuguese. The Group spans our unsurpassed global practice in the most sophisticated transactional areas and lawyers in the group have advised on many of the largest, most complex and first-of-their-kind transactions ever completed in Spain and across Latin America.
  
  
• Our Madrid Office. Established in 2001, our Madrid office continues to serve our extensive list of Spanish and international clients. Staffed by lawyers in our Spain and Latin America Practice Group, the office regularly represents leading Spanish companies, as well as various of their Latin American affiliates and subsidiaries. Read more about our Madrid office. 
  
  
• Our São Paulo Office. The launch of our office in Brazil in 2011 reinforces our extensive Latin American capabilities for handling the most sensitive and complex transactions in the region and beyond. Expanding our market-leading position among international law firms in Brazil and Latin America more generally, two leading international project finance practitioners recently joined our core team of senior lawyers resident in the São Paulo office. Read about our Brazil practice.

The long-standing client relationships that we have built with many major Spanish and Latin American companies are a testament to our success in and strong commitment to the region.

• 1^st tier in Latin America-wide capital markets – Chambers Latin America 2013
  
  
  
• Clients say, “Accomplished practitioners and a strong firm, very respected in Brazil.” – Chambers Latin America 2012
  
  
  
• Clients say, “There is little more the firm can do to improve – they’re fully committed to the interests of their clients.” – Chambers Global 2012
  
  
  
• 1^st tier in Spanish Capital Markets: US Law transactions – Legal 500 EMEA 2010-2011: “The firm is regularly seen on the market’s most complex and high-value US capital markets transactions.”
  
  
  
• “Corporate Finance Deal of the Year” (OGX high-yield bond offering) – Latin Lawyer Deal of the Year Awards 2012
  
  
  
• “Finance Deal of the Year” (Embraport’s financing for Brazil’s Santos Port Project) – Latin Lawyer Deal of the Year Awards 2012
  
  
  
• 2^nd among U.S. law firms in completed Latin American M&A transactions – Thomson Reuters 2011

Arcos Dorados

• $1.4 billion SEC-registered IPO – this was the largest IPO by a Latin American issuer in 2011
• $1 billion follow-on offering
• R$400 million ($225 million) Rule 144A/Regulation S offering and R$275 million ($146 million) reopening of Brazilian-real-denominated senior notes

Banco Civica

• €600 million/$849 million Rule 144A/Regulation S IPO of ordinary shares

Banco Santander

• €7.2 billion underwritten rights offering of ordinary shares
• $2.72 billion investment in Banco Santander (Brasil) by Qatar Holding
• $2.5 billion acquisition of Bank of America’s 24.9% stake in Santander’s Mexican unit
• $2.5 billion takeover of Alliance & Leicester
• $1.9 billion acquisition of Sovereign Bancorp
• $56 million acquisition of the remaining outstanding shares that it did not already own of Santander BanCorp., Santander’s Puerto Rican unit
  Banco Santander (Brasil)
• $7.5 billion SEC-registered IPO of units, including in the form of ADSs. The offering was the largest global IPO in 2009 and the largest-ever IPO in Latin America
  Banco Santander (Chile)
• $1.25 billion aggregate offering of Rule 144A/Regulation S senior notes offering and concurrent Chilean-peso-denominated senior notes offering
• $948 million SEC-registered secondary offering of Banco Santander Chile by Teatinos Siglo XXI Inversiones, as selling shareholder
• $750 million Rule 144A/Regulation S senior notes offering

Banco Santander (Mexico)

• $4.1 billion IPO of ADSs and Series B common stock – this is the largest equity offering in Latin America so far in 2012, the largest-ever debut to take place on the Mexican market, and the second-largest IPO in the world so far in 2012
• Acquisition of GE Capital’s consumer mortgage business in Mexico

Bankia

• €3.1 billion ($4.4 billion) Rule 144A/Regulation S IPO of ordinary shares – this is the first IPO to be conducted by former Spanish savings banks and is the largest initial public offering in Spain since December 2007

BBVA

• $9.6 billion acquisition of Compass Bancshares
• €5.1 billion/$7.1 billion SEC-registered rights offering of ordinary shares
• $4.1 billion acquisition of the remaining stake it does not already own in Grupo Financiero BBVA Bancomer
• $2 billion SEC-registered notes offering
• $1.6 billion SEC-registered notes offering
• $700 million exchange offer to acquire the remaining stake in Banco Francés, an Argentine bank
• $500 million sale of its Puerto Rican operations to Oriental Financial Group

Cosan

• $12 billion joint venture with Shell International Petroleum Company Limited, a subsidiary of Royal Dutch Shell, in Brazil for the production of ethanol, sugar and power, and supply, distribution and retail of transportation fuels

Digicel

• $1.5 billion offering of high-yield notes
• $825 million acquisition of Digicel Pacific
• $215 million acquisition of an approximately 40% minority interest in Digicel Holdings (Central America)
• Acquisition of América Móvil’s Claro business in Jamaica
• Acquisition of Voilà, a Haitian wireless company

EBX

• $2 billion investment in Centennial Asset Brazilian Equity Fund and other offshore holding companies of Eike Batista by Mubadala
• C$1.2 billion acquisition of Ventana Gold, a Canadian mining company
• $300 million strategic investment in Centennial Asset Brazilian Equity Fund by GE
• Joint venture between MPX, EBX’s energy arm, and E.ON, a German power generation, natural gas, energy trading, retail and distribution
  Grupo Aval
• $1.9 billion acquisition of BAC Credomatic, a Central American banking group
• $1 billion Rule 144A/Regulation S senior notes offering
• $600 million debut Rule 144A/Regulation S senior notes offering

Grupo Bimbo

• $750 million unsecured revolving credit facility, including the re-pricing and the upsize of the commitment from $750 million to $1.5 billion
• $1.5 billion amended and restated revolving credit facility

Inversiones Air Products

• $767 million loan to finance the acquisition of a controlling stake in Indura

Mexichem

• $1.25 billion Rule 144A/Regulation S offering of common stock
• $1.15 billion Rule 144A/Regulation S high-yield senior notes offering
• $1 billion three-year revolving credit facility agented by J.P. Morgan

MMX

• Splitup into three companies and the subsequent $5.5 billion sale of one of the resulting companies to an affiliate of U.K.-based Anglo American

Odebrecht

• $400 million investment in Odebrecht Óleo e Gas by Temasek
• $110 million road construction project in which Odebrecht sold Government of Panama payment certificates issued upon the completion of construction milestones under an EPC contract relating to the Panama City Historic Heritage Preservation Project (Odebrecht Panama)

OGX

• $2.6 billion Rule 144A/Regulation S high-yield notes offering – this is the largest-ever high-yield notes offering by a Latin American issuer
• $1.06 billion Rule 144A/Regulation S high-yield notes offering of OGX Austria, a subsidiary of OGX Petróleo e Gás
• $1.3 billion sale of a stake to a group of investors

Petróleos de Venezuela

• Three $3 billion Rule 144A/Regulation S senior notes offerings
• $2.4 billion Rule 144A/Regulation S senior notes offering

Qualicorp

• $681 million Rule144A/Regulation S IPO
• $410 million Rule 144A/Regulation S secondary offering
• Acquisition of a controlling stake by The Carlyle Group

Telefonica

• $26.1 billion acquisition of its four Latin American subsidiaries –Telecomunições de São Paulo, Tele Sudeste Celular Participações, Telefónica de Argentina and Telefónica del Perú – as part of Telefónica’s restructuring
• $5.5 billion acquisition by SP Telecomunicações Participações, a Brazilian subsidiary of Telefónica, of shares of Vivo Participações, a Brazilian wireless telecommunications company, that Telefónica did not already own
• Acquisition of Telefónica of Argentina, a telecommunications company based in Argentina, in a going-private transaction
• $2.75 billion SEC-registered notes offering

Telemar/Oi

• $1 billion revolving credit facility

Vesta

• $255 million Rule 144A/Regulation S IPO of Corporación Inmobiliaria Vesta