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Clifford Chance

31 WEST 52ND STREET, NEW YORK, NY 10019-6131, USA
Tel:
Work +1 212 878 8000
Fax:
Fax +1 212 878 8375
Email:
Web:
https://www.cliffordchance.com

Jay Gavigan

Tel:
Work +1 212878 8531
Email:
Clifford Chance

Work Department

Banking & finance, Banks, Energy & resources, Funds & investment management, Private equity, Transport & logistics

Position

Jay Gavigan represents lenders and borrowers in domestic and international financing transactions.  He has experience in transactions in all major international markets and has practiced in Clifford Chance's European and Asian offices though currently focuses on the Americas.

Jay has experience with a wide range of financing transactions including acquisition and leveraged finance, project finance, asset finance, syndicated credits, real estate finance and workouts.

In the acquisition finance space, he has represented commercial and investment banks and private equity sponsors in leveraged buyouts, going private transactions, leveraged recapitalizations and strategic acquisitions.  His experience in this area includes capital raising in Europe and the United States and acquisitions in Europe, the United States and Latin America.

Jay represents commercial banks, agencies, operators and investors in offshore oil and gas transactions, principally in the Americas.  This practice includes acquisitions, refinancings, construction, workouts, transportation and credit enhancement transactions and includes debt capital markets transactions (project bonds) and combined bank/bond transactions.

He also represents private real estate and infrastructure funds and lenders to those funds, public REITS as borrowers, US homebuilders as borrowers and lenders to homebuilders in Latin American jurisdictions.

Jay has substantial experience in U.S. and cross-border leasing transactions, U.S. and international capital markets transactions and derivatives transactions including credit-default swap related financing transactions.


Latin America: International firms

Banking and finance

Within: Banking and finance

Clifford Chance has deep experience in a range of jurisdictions and financing products, and the practice has developed a strong roster of agency lender, commercial bank and sponsor/borrower clients. Moreover, with deep expertise in project finance, acquisition finance, asset finance for corporates, trade finance and capital markets-linked transactions, the firm is consistently at the forefront of growth sectors. It has achieved real prominence in Argentina, where it helped the government to shape the tender process for its PPP programme, and is now advising a range of bidders for upcoming PPP initiatives. This follows the firm’s key success in Colombia where it has been at the forefront of the government’s fourth generation (4G) toll road programme and in a number of private sector financings. In Peru, it has impressed in energy, toll road and other infrastructure projects, and in Chile it has undertaken various roles in headline renewables project financings. Brazil is also a market where the firm has had a significant presence for many years, with the practice working on a series of major restructurings and refinancings during the nation’s recent period of economic and political difficulties; it is now seeing a solid pipeline of new money financings. The established São Paulo team recently advised a syndicate of five Brazilian lenders on a $235m debt restructuring of leading Latin American petrochemical and plastics company, Unigel Group; the restructuring involved a novel approach involving a corporate reorganisation and an acquisition financing to deleverage the group, with the financing comprised of four syndicated export prepayment facilities and six bilateral loans. In another key deal, the firm advised Bancolombia and Banco Agromercantil de Guatemala (as arrangers and lenders) on a $340m syndicated secured loan to Renace to repay an existing $300m bridge loan to finance the development of the Renace II and Renace III hydroelectric power plants in Guatemala. Other key clients include Inter-American Development Bank (IDB), Goldman Sachs, Citibank, SMBC, JP Morgan Chase, IFC, Credit Suisse, BNP Paribas, OPIC and Mizuho. Jay Gavigan has an excellent record in Latin America, especially in acquisition finance and syndicated credit along with project finance and restructurings. ‘Very nice guy to deal with’, Chris Willott, is recommended by clients for restructuring expertise – especially in Brazil where he was based for many years, although he is equally adept in new money financings. Gianluca Bacchiocchi has a tremendous profile in project finance, especially in capital markets-linked financings in Peru and Colombia. In Washington DC, Fabricio Longhin takes much of the credit for the firm’s strong connection to IDB and its recent success in Colombia and Argentina. Also in Washington DC, Catherine McCarthy and Lori Ann Bean are noted for their agency-lender and commercial bank relationships; both are frequently involved in Latin America deals. Restructuring partner Jennifer DeMarco has become an experienced figure in the Latin America market and, at the associate level, senior associate Guido Liniado is impressing the market. All named individuals are based in New York unless stated. Charles Adams has transferred to Milan.

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