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Latham & Watkins LLP

Veronica Relea

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Latham & Watkins LLP

Position

Veronica Relea is a partner in the Finance Department of the New York office of Latham & Watkins. Her practice focuses on representing commercial and investment banks, sponsors, developers and private equity firms in connection with the development, construction, operation and financing of energy, oil and gas and infrastructure projects (including LNG projects, fuel storage facilities, renewable energy assets and mining assets). She also has extensive experience in leveraged finance transactions, including acquisition financings, asset-based facilities, private equity transactions, mezzanine facilities and cross-border financings. Ms. Relea is also a member of the firm’s Latin America, Banking and Special Situations Practices.


Latin America: International firms

Banking and finance

Within: Next generation lawyers

Veronica Relea - Latham & Watkins LLP

Within: Banking and finance

Latham & Watkins LLP is primarily known for project finance in the energy and infrastructure spaces, although it has genuine credibility in acquisition and commodity finance; it is also experienced in hybrid financings involving capital markets components. Through its multiple offices in the US and solid presence in Houston, the firm has captured significant market share in Mexico, where it is at the forefront of energy sector reforms and associated financings. Argentina is a growth market for the practice and it also remains active in other key markets such as Chile, Colombia and Brazil. Clients include Repsol, Fermaca Global, Howard Energy Partners, First Reserve Corporation, Norddeutsche Landesbank, Sumitomo Mitsui Banking Corporation, Andes Mining & Energy, Credit Agricole and IFM Global Infrastructure Fund. The team advised US-based investment fund ICE Canyon, as the purchaser of senior secured notes issued by Stoneway Capital, to finance the construction of four Argentine power plants with an aggregate capacity of 686MW. It also advised the client on its $475m term loan facility for the acquisition of Inversora Eléctrica de Buenos Aires and the refinancing of existing debt; the target is a provider and distributor of electric energy in Buenos Aires. Washington DC counsel Luis Torres led the team on the previously mentioned transactions. Christopher Cross is a key name in the oil and gas sector financings, most notably in Mexico; while co-chair of the Latin America practice Antonio Del Pino, Veronica Relea and Washington DC partner David Penna, are also experienced in Latin America financing transactions. All named individuals are New York based unless stated otherwise.

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Projects and energy

Within: Projects and energy

Latham & Watkins LLP is a global leader in projects and energy, with a high number of its US-based practitioners having a strong focus on Latin America. It has an especially strong position in Mexico, followed by Chile and Colombia. The firm’s core Latin America team has leveraged its internal expertise to work on a series of matters involving the interplay between project finance, M&A and private equity. Clients include First Reserve, Fermaca Global, Norddeutsche Landesbank, Repsol, IEnova, Sempra Energy and Andes Mining & Energy. Recent mandates include advising Vista Oil & Gas on its $650m listing on the Mexican Stock Exchange; this was the first special purpose acquisition company (SPAC) IPO in Latin America; and Caisse de Depot et Placement du Quebec on its acquisition of an 80% stake in Enel Green Power’s Mexico-based portfolio of wind and solar assets. Other mandates include advising US-based investment fund ICE Canyon, as a purchaser of senior secured notes issued by Stoneway Capital, to finance the construction of four power plants in Argentina. The firm provides an ‘excellent service’, ‘very strong team’, ‘very rapid response times’ and ‘practical and helpful advice’. Washington DC’s David Penna is a pivotal member of the team, leading many of the firm’s key project finance transactions in the region, including in the energy, oil and gas, and infrastructure sectors. Co-chair of the energy, oil and gas industry group, Christopher Cross is noted for oil and gas transactions in Mexico and Latin America team co-head Antonio Del Pino is recommended for M&A, joint ventures and private equity transactions involving energy assets. Veronica Relea is another prominent partner and Washington DC counsel Luis Torres has led on a series of high profile transactions, most notably in Argentina. All partners are based in New York unless stated otherwise.

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