Corporate and M&A in Peru


Very solid in terms of M&A’, the Garrigues team offers ‘super experience in national and international transactions’ under the leadership of Sergio Amiel. The sizeable team is present in large M&A deals in the domestic market, and also acts as local counsel for large international firms on cross-border transactions. The team includes a number of practitioners with experience at top-tier New York firms. Practice head Amiel, in addition to his strong M&A expertise, handles project development, project finance and capital markets work. José Francisco Meier is another key member of the team, with experience in corporate transactions and structured and project finance, while banking and finance practitioner Thomas Thorndike also provides support on deals. Beyond the partners, counsel Héctor Zegarra is experienced in foreign and domestic deals and has previously handled transactions in the Spanish market during his time in the firm’s Madrid office. Principal associate Jorge Fuentes is also noted.

Practice head(s):

Sergio Amiel


‘The Garrigues Lima team is very solid in terms of M&A, and corporate law.’

‘They have super national and international experience in transactions.’

‘Sergio Amiel has a lot of experience and is a leader in the country and the region.’

‘The members of the legal team are benchmarks in transactions.’

‘They have a lot of experience and knowledge which is needed to solve highly complex situations.’

‘The lawyers at the firm have a lot of experience and knowledge of the industry.’

‘They make highly complex transactions seem simple and straightforward.’

‘The sophistication of the solutions they provide is remarkable.’

Key clients

Enerflex Corporation

Andean Telecom Partners


Intercorp Financial Services

Agromillora Group

Viru Group

Advent International

SK Innovation




Heineken International

Limba Services

Green Gold Forestry Peru

Inversiones Piuranas


CCLA Desarrollo y Rentas Urbanas

Family Farms Peru


Work highlights

  • Advising Intercorp, a Peruvian financial institution, on the acquisition of a 50% stake in payment processor Procesos de Medios de Pago (PMP) from Scotiabank.
  • Advising Krealo, Corporate Venture Capital of Credicorp, to acquire 100% of the shares of Sami Shop.
  • Advising Enerflex Corporation, as buyer, on the acquisition of Exterran’s participation quotas in Exterran Peru, a former subsidiary of Exterran Corporation, in the context of a global merger.

Miranda & Amado

The corporate M&A team at Miranda & Amado receives plaudits for its ‘impeccable commitment and dedication', in addition to its 'unique work capacity, which makes it possible to solve complex issues in tight timeframes’. Its broad corporate expertise encompasses M&A, corporate governance, joint ventures, reorganisations and commercial contracts, and the team is well versed in large cross-border transactions, with a focus on regulated sectors, such as oil and gas, electricity, infrastructure, agriculture and finance. The group is led by Roberto MacLean, who has over 20 years of experience in corporate matters; he is supported by Luis Miranda, who acts for foreign and domestic companies in M&A and dispute resolution. Bruno Amiel, another key practitioner, is recommended for commercial, corporate and civil law issues, while Nathalie Paredes offers strong experience in corporate and private equity deals in the real estate sector. Counsels Katherine Torres and María Pía Talavera are both noted for their expertise in M&A and financing transactions.

Practice head(s):

Roberto MacLean


‘One of the best, if not the best, in the country.’

‘Impeccable commitment and dedication, as well as a unique work capacity, which makes it possible to solve complex issues in tight timeframes.’

‘Highly talented. Knowledgeable in all critical areas involving contract advice and negotiation. Strong tax, labor and intellectual property. Extremely responsive and solution oriented. Easy to work with – we experienced a great fit with our own style.’

‘Experts in their area. Always prepared. They come to the table not only with the issues that need to be addressed but with alternatives on how to fix them. Great at brainstorming and coming with the correct approach. Every time we work on a transaction it gets executed the right way.’

‘What is particular about this firm is that they are always one step ahead in terms of trying to identify issues along the M&A process that could become a problem. This way clients and financial advisors are always prepared to act when the event arises and able to deal with it in the most efficient fashion.’

‘Their knowledge about local laws is outstanding and their expertise in dealing with complex situations in the execution process difficult to match. This applies to both senior and junior individuals in the firm.’

‘Our trusted firm in Peru. They have shown great deployment capacity, a close and respectful treatment and great technical quality when their services are needed. The speed with which they have collaborated and met our requirements stands out. Without a doubt, it will continue to be our trusted firm for M&A matters.’

‘Partners know how to delegate and trust their associates. The associates do quality work. The contact is very close, fast and easy. The technical quality of the partners and associates is remarkable.’

Key clients



Hersil Laboratorios Industriales Farmaceuticos


Parque Arauco

Arbaro Fund Advisors

TGP (Transportadora de Gas del Perú)

Work highlights

  • Advising Engie on the sale of its Equans services division to French contractor Bouygues.
  • Advising Talma, which operates 20 airports in Peru and has additional subsidiaries in Colombia, Ecuador and Mexico, on the $163.5m sale of a 49% stake in the company owned by Enfoca Servicios Logísticos to Grupo Sandoval.
  • Advising Talma on the acquisition of 100% of Servicios Aeroportuarios Integrados (SAI) from Avianca – Aerovías del Continente Americano.

Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados

The team at Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados is ‘multidisciplinary and highly specialised, with a strong international component’, and stands out for its ability to a handle high volume of M&A transactions in the Peruvian market. Under veteran practitioner Mauricio Olaya’s leadership, the practice’s broad expertise encompasses corporate financing, joint ventures, reorganisations, venture capital deals, M&A and corporate governance. Juan Carlos Vélez is a high-profile dealmaker who is well versed in M&A, as is Ricardo De la Piedra, who offers transactional experience in a wide range of sectors. At the senior associate level, Diego Muñiz acts for foreign and domestic companies and financial institutions in cross-border transactions, and Rolando Wilson is also noted. Raúl Vizcarra joined from Philippi Prietocarrizosa Ferrero DU & Uria in August 2022 and brings additional corporate, financial and capital markets expertise to the team. Since publication, the practice has been further strengthened with the hire of experienced partner Carlos Enrique Arata from Rubio Leguía Normand - effective as of November 2023.

Practice head(s):

Mauricio Olaya


‘Multidisciplinary and highly specialised with a strong international component.’

‘The depth of the team and expertise is great.’

‘The lawyers not only understand legal aspects, but are very knowledgeable of the business considerations to be taken into account in corporate transactions.’

‘Our primary contact is Ricardo de la Piedra, and we really enjoy working with him. He has a solid legal and commercial approach, making him an important asset for all our operations and transactions in Peru, the US and Spain.’

‘Ricardo de la Piedra is very skilled in leading international corporate and transactional engagements and is always available.’

‘Diego Muñiz is very clear and concise when providing opinions and drafting legal documents.’

‘The team is made up of highly qualified professionals. It compares favourably with the teams of other firms.’

‘It is a practice with a lot of innovation and it also has the capacity to work on many assignments at the same time.’

Key clients

Albanesi Group


Arca Continental





DSV Air & Sea


Eli Lilly and Company

Etex Group


Grupo Albanesi

Grupo Andino de Inversiones

Grupo HNG

Ian Taylor

Invenergy Group

Kuehne + Nagel

Maersk Group

Machu Picchu Foods


Oben Holding Group

Open Mineral


Pesquera Exalmar


San Miguel Investments

Solum Partners

Stitch Lab Peru


Tata Consultancy Services



Zest Capital Perú

Work highlights

  • Advised San Miguel Uruguay and San Miguel Investments on the sale of 100% of the shares of San Miguel Fruits Perú and San Miguel South Africa to Citri&Co Global for an aggregate amount of approximately $100m.
  • Advised Dynamicall’s minority shareholders on the transfer of the remaining 25% stake of Dynamicall to transnational key player and controlling shareholder Webhelp for $40m.
  • Advised the shareholders of Grupo Andino de Inversiones (Grand Invest) on the sale of 100% shares to Solenis Colombia, a subsidiary of Solenis International.

Payet, Rey, Cauvi, Pérez Abogados

Led by well-regarded practitioners José Antonio Payet and Susan Castillo, the corporate and M&A department at Payet, Rey, Cauvi, Pérez Abogados continues to be active in M&A deals, despite the slow market. It has recently advised on a number of cross-border transactions and often works as local counsel or co-counsel for large international law firms, as well as acting as lead counsel to buyers, sellers, investment banks, private equity firms and family businesses. Veteran practitioner Payet is well known in the market for commercial matters, M&A and finance transactions, while Castillo advises on corporate, civil, and banking and finance law, and is well versed in foreign and domestic deals. Juan Antonio Egüez is another key contact, with experience of corporate transactions in highly regulated sectors, often handling takeover bids, financing operations and debt issues. Principal associate Guillermo Arribas is recommended for corporate matters relating to the real estate sector, and associate Rafael Ortiz is a name to note for corporate matters and financial regulatory issues. Since research concluded, the department has been further strengthened with the September 2023 return of Jorge Lazarte, whose experience stretches across corporate, administrative and arbitral matters.


Practice head(s):

José Antonio Payet; Susan Castillo


‘The Payet studio team is very dedicated to the client and their specific requirement. During the whole process they responded very quickly and solved all the problems very efficiently. They have a very well-prepared team, as well as state-of-the-art technology.’

‘I would highlight their level of preparation, quick response, attention to detail and good client service.’

‘ Juan Antonio Egüez has excellent treatment. Absolute disposition and very assertive in his answers. He knows how to complement with the different people in his office when the subject requires it.’

Key clients

Grupo Verme

Scotiabank Perú


Class y Asociados

TÜV Rheinland

Sociedad Conyugal Plevisani


Senator International

Grupo Hortifrut

Perú Energía Renovable

Work highlights

  • Advised Grupo Verme on the sale of Colegios Proeduca, a company in the education sector, which owns multiple schools (elementary, middle and high schools) in Peru.
  • Advised Perú Energía Renovable on the acquisition of majority of shares in Fener Perú, a company that is developing the Windica wind-solar project, with an approximate generation capacity of 175.2MW.
  • Advised Grupo Hortifrut on the sale of 75% of its shares in HFE Berries Perú, a Peruvian company in the agricultural sector, in favour of the Public Sector Pension Investment Board (acting through its subsidiary Sooke Investments).

Rebaza, Alcázar & De Las Casas

The corporate and M&A department at Rebaza, Alcázar & De Las Casas is well known in the market for advising top domestic and international clients on large cross-border M&A deals across a broad range of sectors, including telecoms, mining, energy, fishing, sports and financial services. Its team, which includes alumni from top US corporate firms, is jointly led by Alberto Rebaza and Felipe Boisset, with Rebaza bringing 35 years’ experience in complex transactions to the practice and Boisset offering expertise in corporate and financial deals, as well as capital markets matters and real estate transactions. Alexandra Orbezo is a key name for venture capital, financings and securities, while Daniel Gonzáles has considerable experience in international M&A, financing, and bankruptcy and restructuring matters. At the associate level, Josefina Arana is a key contact for deals in the energy and mining sectors, and Stefano Amprimo acts for foreign companies, investors and start-ups in a range of corporate matters. The team was further bolstered in 2022 with the arrival of César Luna Victoria from Rubio Leguía Normand in March, the hire of senior associate Rafael Santín from Miranda & Amado in August, and the addition of Mirko Medic, who re-joined the firm as senior associate in September of the same year. In a major development since publication, the firm has opened an office in Madrid, becoming the first full-service Peruvian firm to do so; the office will be managed by compliance and white-collar partner Héctor Gadea along with a senior associate - effective as of January 2024.

Practice head(s):

Alberto Rebaza; Felipe Boisset


‘A very good team of professionals who interact very well from different areas and thus relate to each other. What stands out is the collaborative way of working from M&A and Corporate, they touch base with specialists in tax, litigation and intellectual property, etc. They work in an integrated manner – they see the client as a whole and not as providing services in a certain area of law.’

‘Alexandra Orbezo: always dedicates herself to thinking and accompanying the client to close transactions with innovative ideas.’

‘Rebaza, Alcázar & de las Casas offers an in-depth view of the requested matters. Apart from having broad experience in cross-border M&A transactions, the team is very knowledgeable of Peruvian securities regulations and antitrust laws and capable of handling high-caliber transactions. The team is exceptionally available and responds within tight timelines. Their responsiveness is also worth mentioning and they make sure to always be available for the client.’

Key clients

H.I.G. Capital


1190 Sports

Volcan Compañía Minera

Grupo Breca

Grupo Wiese

Grupo El Comercio


AC Capitales


San Fernando

Grupo La República

Work highlights

  • Advised Equinix on the $758.5m acquisition of Entel’s data centre in Peru.
  • Advised several investment funds on the sale of 100% of their shares in, and the financial debt of, Termochilca, a well-known company in Peru for the operation of power plants, in favour of CELEPSA for $141m.
  • Advised the shareholders of Mandü, a well-known Peruvian start up engaged in the development of software for human resources management, on the sale of a majority stake of the company to Visma.

Rodrigo, Elías & Medrano Abogados

The corporate practice group at Rodrigo, Elías & Medrano Abogados fields a sizeable team with a strong track record in the market. The firm's industry-agnostic approach sees it act for large domestic and international clients on some of the largest deals in the market in a broad range of sectors, and it often acts as local counsel for large global law firms on cross-border deals. Key areas of focus include asset and stock sales and purchases, mergers, joint ventures, management buyouts, private equity investments and exits, spinoffs and tender offers. The team is led by Jean Paul Chabaneix and Ramón Vidurrizaga, with Chabaneix regarded as a market-leading M&A practitioner in the Peruvian market. Luis Enrique Palacios is experienced in transactions across Latin America, including M&A, project financing and corporate finance work, while Luis Carlos Rodrigo Prado offers strong expertise in transactions in the mining sector. Juan Diego De Vinatea is active in contracts, commercial and corporate matters, while Eduardo López is well regarded for both corporate and finance work. Jorge Trelles is another notable M&A practitioner, who has previously practised in New York, and Nicolás Cornejo is also recommended.

Practice head(s):

Jean Paul Chabaneix; Ramón Vidurrizaga


‘Excellent Peruvian M&A practice that provides practical, commercial guidance. Good English skills and management of the M&A deal.’

‘Luis Enrique Palacios is a very strong lawyer. We enjoy working with him.’

‘We are very satisfied with the work of the team. Excellent quality work and always very willing to work.’

‘Excellent lawyers from the firm with very good knowledge. Excellent work by Eduardo López. Always willing to help and always delivering top-quality work.’

Key clients



Ball Corporation (Ball Envases Perú)


Manus Bio

Teleo y Univeris

Citri & Co Y

Maj Invest y Nuveen

Continental Grain Company

Barrick Gold

Grupo Unicomer

Enfoca Sociedad Administradora de Fondos de Inversión

A&M Capital


Conecta Market Place (Grupo EFE)


Work highlights

  • Acted as Peruvian counsel to Inchcape on the acquisition of Chilean company Derco $1.5bn.
  • Acted as Peruvian counsel to Portuguese client Fidelidade (FID Peru) on the acquisition of Peruvian insurance company La Positiva, by means of a public tender offer of up to 49% of its stock.
  • Acted as Peruvian counsel to Peruvian Gold Corporation on the sale of a royalty package by Barrick Gold Corporation to Maverix for $60m.


With the arrival of Diego Carrión in July 2022, Cuatrecasas continues its ascendancy in the Peruvian market and has been very active in M&A transactions in a relatively slow market. The practice offers wide-ranging corporate expertise, which encompasses M&A, distressed M&A, joint ventures, due diligence on deals and restructurings. Carrión, who joined from Hernández & Cía, now co-heads the team alongside Oscar Trelles and brings experience in domestic and international M&A transactions, as well as securities matters and financing arrangements. Managing partner Trelles stands out in cross-border M&A and private equity transactions. Kiomi Osorio is a key member of the team, who was promoted to partner in April 2022 and handles corporate and financial transactions, and advises on financial regulation.

Practice head(s):

Oscar Trelles; Diego Carrión

Key clients



Inversiones TDV / Textil del Valle

Hudbay Peru

Yinson Renewables

Natura Cook

Acciona Energia

Ashmore Group

Administracion de Empresas

Negocios Inmobiliarios La Quinta

Total Produce (Dole)


Prima AFP

Grúas ETAC

Comunal de Grupo

Work highlights

  • Advising Hortifrut on selling a 75% stake in its subsidiary HFE Berries Perú to a subsidiary of the Canadian corporation Public Sector Pension Investment Board (PSP Investments).
  • Advising Stracon on several acquisitions in the Americas, including the acquisition of an additional 15% stake in Stracon Technologies.
  • Advising the shareholders of Ashmore Energy Perú and Stracon Holdings on the takeover merger between Ashmore Energy Perú (absorbing company) and Stracon Holdings (absorbed company).

Estudio Echecopar member firm of Baker McKenzie International

Estudio Echecopar member firm of Baker McKenzie International’s corporate team is led by Liliana Espinosa, whose ‘negotiation skills are outstanding, as is her ability to devise innovative solutions to complex problems’. The firm acts for large domestic and multinational clients in local and cross-border deals, often working in tandem with other offices in its sprawling global network. In addition to high-profile M&A, the practice handles joint ventures, reorganisations, divestments and corporate governance matters, with strong experience in the tech, agriculture, food and drink, oil and gas, and education sectors. Espinosa is recommended for public and private M&A and private equity deals, and is supported by Ines Baca, who is noted for corporate and finance matters. Paolo Robilliard is a key name for distressed M&A, as well as shareholder agreements and disputes, while senior associate Fernando Sam is experienced in corporate matters pertaining to the energy industry and also offers ancillary advice in tax matters.

Practice head(s):

Liliana Espinosa


‘Liliana Espinosa’s negotiation skills are outstanding, as is her ability to devise innovative solutions to complex problems.’

‘The team led by Liliana Espinosa has a comprehensive vision of all the issues that arise in an M&A transaction.’

‘Very agile in adapting to the changes that arise in the process of negotiating a transaction.’

Key clients

Mitsubishi Power America

IMCD Group

Nord Anglia Education Limited

Johnson & Johnson



Ashmore Group

LVMH (Louis Vouitton)

Unilever Food & Refreshments Global


Grupo Security


Électricité de France



Takeda Pharmaceuticals International


Grupo Gloria

CELEPSA – Compañia Electrica El Platanal Sanofi


Grupo BVL

Komatsu Mitsui Maquinarias Peru

Quant Service

Work highlights

  • Advised Talma Servicios Aeroportuarios, as buyer, on a transaction through which the shareholders of Enfoca Servicios Logísticos transferred ownership of 100% of the shares representing the capital stock of Inversiones Talma, for a value of $163.5m.
  • Advised Sika, a Swiss company, on the acquisition of 100% of MBCC Group, the former BASF Construction Chemicals, from an affiliate of Lone Star Funds, a global private equity firm.
  • Advised GlaxoSmithKline on the internal split of its Consumer Healthcare business as part of a global transaction aimed at creating a new separate entity.

Hernández & Cía

Fielding an almost 30-strong corporate team (including seven partners), Hernández & Cía acts for high-profile multinational companies and private equity houses in transactions and day-to-day advisory matters; it offers strong tax support on deals and has considerable experience and expertise in mining sector M&A. Veteran practitioner Juan Luis Hernández Gazzo heads the practice and is well versed in M&A transactions for listed companies; while Alfredo Filomeno – who is recommended for transactions, reorganisations, compliance, corporate governance matters and crisis management – provides additional senior level capability. Younger partner Sandro Cogorno is a dedicated corporate practitioner and works on most of the firm’s transactions, while experienced senior associate Gloria Zubizarreta is an increasingly integral member of the team. Former practice co-head Diego Carrión left in July 2022. Since publication, Zubizarreta has been promoted to principal associate – effective as of February 2024.

Practice head(s):

Juan Luis Hernández Gazzo


‘Particularly strong practice in Corporate & M&A, with permanent partner engagement, as well as reasonable and fair billing.’

‘Juan Luis Hernández is outstanding on both experience and engagement on issues.’

Key clients

Ab Inbev Group

AENZA (formerly Graña & Montero)

Andino Group


Casa Luker


Chubb Seguros

Clarios LLC

Colony Capital (formerly The Abraaj Group)

DHL Supply Chain

EY Perú

Falabella Group

Faro Capital

GRIO (Grupo Romero Investment Office)

Grupo Andino

Grupo Gloria


Grupo Yobel

Hermes Transportes Blindados

Hudbay Minerals


Liderman Group

LATAM Airlines



Pontificia Universidad Católica del Perú (PUCP)

Procter & Gamble


Southlight Capital

Spectra Investments

The Carlyle Group

Unión de Cervecerías Backus y Johnston (Ab Inbev)

Vinci Highways


Work highlights

  • Advising Brookfield Infrastructure Group Perú on a global corporate reorganisation to be executed within the Brookfield Group, intended to separate the asset management business and to allocate it to Brookfield Asset Management.
  • Advised Chart Industries on the Peruvian aspects of the global acquisition of Howden Group.
  • Advised The Santisteban Group on the acquisition of 100% of the Valle Alto business, a Peruvian retail business of dry fruit snacks and nut snacks.

Philippi Prietocarrizosa Ferrero DU & Uria

Philippi Prietocarrizosa Ferrero DU & Uria is well placed to handle cross-border deals by virtue of its strong international network, with offices in Chile, Colombia, Spain and Portugal. The firm has a strong tack record in M&A deals in the pharmaceutical sector and is also active in the mining, construction, telecoms and real estate arenas. In addition to standard M&A deals, the practice handles bankruptcy and restructuring matters and leveraged buyouts, and includes practitioners with experience at large US corporate law firms. The team is jointly led by Guillermo Ferrero and Rafael Boisset, with Ferrero recommended for cross-border transactions and reorganisations, and Boisset a name to note for deals in the technology and manufacturing sectors, as well as general corporate advisory matters and banking and finance issues. Principal associate Víctor Abad advises on M&A, private equity and financing matters and has strong international experience, while former principal associate Raúl Vizcarra left in July 2022. Since publication, Abad has been promoted to practice director – effective as of December 2023.

Practice head(s):

Guillermo Ferrero; Rafael Boisset


‘Very good collaboration from the associates of the firm.’

‘The speed of response and the knowledge of the partners is good.’

‘Rafael Boisset managed the engagement relationship well with an international client based outside of Peru.’

Key clients

Pharmaceutica Euroandina

Lone Star Funds

Public Sector Pension Investment Board

Linzor Capital Partners

GTV Globokasnet

Sumitomo Chemical Co.


Quelaris Internacional

Inversiones Nacional de Turismo

Scotiabank Perú

Terna SpA

Grupo BVL

Bolsa de Comercio de Santiago

Bolsa de Valores de Colombia

Work highlights

  • Acting as counsel to Pharmaceutica Euroandina, affiliate of Medifarma, on the acquisition of 100% common shares of HERSIL Laboratorios Industriales Farmaceuticos.
  • Acting as counsel to Lone Star Funds on all aspects of Peruvian law related to the acquisition of 100% of the share capital of Manuchar NV (owned by the AvH Growth Capital, together with the Maas family).
  • Acting as counsel to Public Sector Pension Investment Board, a Canadian Federal Crown Corporation, on the acquisition – through Sooke Investments – of 75% of the shares issued by HFE Berries Peru from Hortifrut Invesiones Inversiones Internacionales and Hortifrut España Southern Sun.

CMS Grau

Well known for its focus on the mining and energy industries, the corporate and M&A team at CMS Grau continues to expand its reach, with an uptick in instructions in the technology, media and communications sectors. The team is fully integrated into the firm’s large international network and often works in tandem with practitioners in other jurisdictions and as local or co-counsel with other large international firms. The group is led by Juan Carlos Escudero, Miguel Viale, and Juan José Hopkins, who joined from SUMARA Hub Legal in September 2022. Managing partner Escudero has 20 years of experience in M&A and restructurings; Viale is a key contact for international deals with collateral structures and financing; and Hopkins brings experience in venture capital and fintech deals to the team. The practice was further bolstered in 2022 with the arrival of senior associates Andrea Paiba and Cinthia Canepa from Garrigues and EY Law, respectively.

Practice head(s):

Juan Carlos Escudero; Miguel Viale; Juan José Hopkins

Key clients





Grupo Mate

Grupo Falabella

Grupo El Comercio


Charles Taylor


Baker Hughes

Scotiabank N

Banco de Crédito del Perú




Work highlights

  • Assisted Peruvian mining company Compañía Minera Lincuna on the acquisition of 100% of the shares of Contonga Minería, titleholder of the Contonga mine.
  • Advising UK-based insurance technology specialist Charles Taylor on the acquisition of Herrera D.K.P Sociedad Civil Responsabilidad Limitada, an insurance adjuster company.
  • Advised Banco de Crédito del Perú (BCP), Scotiabank and COFIDE on the sale of Termochilca for $141m offered by UNACEM.

DLA Piper Perú

DLA Piper Perú acts for large local and multinational clients and leverages its large global network to handle cross-border deals. It advises companies on the full life cycle of deals, from due diligence and structuring to negotiation and preparation of documents, to post-transaction issues. It also stands out for its ancillary expertise in private equity and venture capital matters, antitrust and competition issues, and general corporate governance. The team is led by Luis Vargas, Fernando Lanfranco and Janilú Badiola: Vargas handles corporate transactions in the construction, energy and real estate sectors; Lanfranco deals with corporate, civil and financial law; and Badiola advises on day-to-day corporate and commercial issues, and deals in highly regulated industries.

Practice head(s):

Luis Vargas; Fernando Lanfranco; Janilú Badiola


‘The team have been excellent, extremely responsive (despite the time difference), on the front foot explaining differences and intricacies of Peruvian law and steering us towards how the market is in Peru.’

‘Janilú Badiola has been wonderful – I would not hesitate to recommend Janilú or to use her again. She has driven forward the process and managed the other side very proactively. Mariajosé Salazar and Nelly Espinoza have also been helpful at providing updates, turning the documents and closing off points.’

‘The team is excellent, and their ability to work as a team also stands out.’

‘Dealing with clients and their style / legal culture is fantastic. I would highlight their high standards of personalised service and their ethical level.’

‘Fernando Lanfranco stands out especially not only as a lawyer but personally and ethically.’

Key clients

American Tower Corporation

Basa Group

British American Tobacco Peru

Carsol Fruit Export


Constructora Cumbres



Get Justo

Grupo Nuovit

Importaciones Hiraoka


Kallpa Generación

Louis Dreyfus Group

Mall Plaza Peru

Minera Chinalco

Pandora Jewelry

Rico Pollo


Estudio Olaechea

Estudio Olaechea has a well-established track record in the market and continues to handle a large number of M&A transactions, acting for high-profile international clients and smaller domestic players, with a focus on the banking, construction, energy and mining sectors. The team is led by Carlo Viacava, Martín Serkovic, Jose Antonio Honda and Joanna Dawson: Viacava draws on his private equity and banking expertise to support on corporate transactions; Serkovic is a name for competition and restructuring matters; Honda is active in corporate matters in the energy and infrastructure spheres; and Dawson is experienced in cross-border transactions. Senior associate Valery Vicente handles the acquisition and sale of assets, spin-offs and reorganisations, while Carol Quiroz, who was promoted to the partnership in March 2023, offers support on deals and heads the firm’s data protection practice.

Practice head(s):

Carlo Viacava; Martin Serkovic; Jose Antonio Honda; Joanna Dawson

Key clients

Barentz International

Eversheds Sutherland


SGS del Perú

Otoya MH


Grand Vision Peru – Topsa Peru

MH Supply

Wiese Group

Work highlights

  • Advised SAAM on the acquisition of Ian Taylor Peru SAC in order to increase its market share of the maritime towage services market in Peru.
  • Advising Wiese Group, which is interested in selling to its stocks in a Peruvian holding company.
  • Advised OTOYA MH on the elaboration of a due diligence of the assets to be acquired from an asphalt business as well as on the negotiation and drafting of all transaction documents.

Rubio Leguía Normand

Rubio Leguía Normand offers strength in domestic and cross-border M&A transactions under the leadership of Andrés Kuan-Veng, who has 20 years of experience in corporate work and has handled high-profile deals in the energy and infrastructure sectors; he also offers ancillary expertise in banking, finance and capital markets matters and is supported by Carlos Enrique Arata, who advises on corporate takeover bids, plans of arrangement and restructurings. In January 2023, Gerardo Guzmán joined from BBGS ABOGADOS, bringing M&A, restructuring and insolvency expertise to the team, and Wilfredo Cáceres was promoted to principal associate. In 2022, Carlos Cerpa joined as associate from Lazo Abogados and associate Janett Burga left the firm. Since publication, Arata has left the firm - effective as of November 2023.

Practice head(s):

Andrés Kuan-Veng

Key clients



Arca Continental Lindley

Acciona Concesiones

Newmont Corporation



Rimac Internacional Compañia de Seguros

Scania del Peru

Avla Perú Compañía de Seguros

Work highlights

  • Advised Minera Yanacocha on the repurchase of 5% equity interest in the company Summit Global Management II.
  • Advised Belcorp, a Peruvian beauty and cosmetic conglomerate with presence in Latin America, that acquired the whole (100%) equity interest in Litho Laser.
  • Advised Citibank del Perú on the evaluation of an international exchange offer launched during the integration of the BVL Group with the Colombian and Chilean stock exchanges.

Dentons Peru

Under the leadership of Manuel Barrios, Julio Gallo and Sandra Lorca, Dentons Peru handles corporate M&A and commercial contracts work in the real estate, financial services, manufacturing, energy and retail sectors, among others. A substantial proportion of the firm’s work comes from inbound foreign investment and key areas of focus for the practice include transactional matters and business restructuring issues. Gallo is a key name for M&A, financings and privatisations.

Practice head(s):

Manuel Barrios; Julio Gallo; Sandra Lorca

Key clients

Metso Outotec Perú


Megacentro Peru Group

Deva Capital Investment Company

Sociedad Happyland Perú

Smartfit Peru

Thea Pharma

Mace Consultancy (Peru)

Sq Energías

Tigre Peru – Tubos Y Conexiones

Gleeds Del Peru

Penguin Random House Grupo Editorial

Rockwell Automation De Perú

Sc Johnson & Son Del Perú

Stantec Perú

Polar Partners Oy Sucursal Del Perú

Work highlights

  • Advised Metso Outotec Perú on the restructuring of the powers granted by the company.
  • Provided support to Wenco on the restructuring of the shareholding composition of the companies that make up the economic group.
  • Advised Deva on the review of the process of setting up an appropriate purpose vehicle and a trust in order to facilitate a subsequent purchase of assets.

DS Casahierro Abogados

DS Casahierro Abogados offers clients ‘quick responses and efficient legal solutions’. It handles domestic and cross-border M&A in a wide range of sectors, and advises on banking and finance, real estate and tax matters. Percy Castle heads the team and is well versed in handling inbound investments for foreign clients, as well as M&A and disputes. Senior associate Alex Montoya has strong international experience, having previously worked in Spain, and is a key name for cross-border M&A, fund formation, banking and regulatory matters.

Practice head(s):

Percy Castle


‘Quick response and efficient legal solutions.’

‘What makes the practice unique is the commitment on the part of the partners to ensure the quality of the service they provide to their clients.’

‘The strong point is quality, since they focus on the details of legal solutions or documents in order to avoid contingencies and have favourable responses.’

Key clients


Kalpataru Power Transmission Limited

Security International Moving


Sazon Criolla

Barras Criollas

Laboratorios Lansier

Aplex Trading

Rush Transport del Perú

Contratistas General & Mineras L Y R

Nueva Curimon


Mova Industrial

Aguas y Efluyentes

OE Labs

Bio Azul

Faber Daeufer & Itrato PC

Arrayan Factoring Peru

Glasst Innovation Company

Illusione Constructora e Inmobiliaria

Kobre & Kim

Magensa Materiales Generales

Oikocredit, Ecumenical Development Cooperative Society

Risk Consulting

Zulu Tech

Quantico Trends

Emprender Capital Peru


Fundo Paso Chico

Generadores Gamma

Telefónica Cybersecurity Tech Perú

Archer Daniels Midland


3M Perú

Domino’s Pizza

Corporación Aceros Arequipa

Hilton Group

Mabe Group

AGP Perú


Benito Roggio e Hijos

TDM Group

Wiese Group – Civitano

Maersk Group

Conductores Eléctricos Lima – CELSA


Transporte Barcino


Inswitch Solutions

Autopista del Norte

Quest Telecom Perú


Agrantech del Ecuador Agrantecua

Agranco del Perú

Termoencogibles del Perú

Cash Control

Transmarina del Perú


Distribuidora Jandy


Industrias Criogénicas del Perú

Carteleras Peruanas

Global Aduanas

Minera Troy

Packaging Products del Peru

Andritz Hydro Limitada Sucursal del Peru

Citikold del Perú

Grupo Rokys


Inmobiliaria Chihuahua

Mad Lima Hoteles – Aku Hotels


Cafetalera Amazónica


Caoba Inmobiliaria

Galenicum Health Peru

Junta de Propietarios Centro Camino Real – Centro Comercial Camino Real

SENATI (Servicio Nacional de Adiestramiento en el Trabajo Industrial)



Universidad Católica Santo Toribio de Mogrovejo

Rival y Compañía

Anka Safi

Softeom Latam

Facturedo Perú


Asociación Educativa Casuarinas

Corporación NS Agro Perú

Laboratorios Induquímica


Telar Engenharia e Comercio Sucursal del Perú

Sociedad Peruana de Obstetricia y Ginecología

Swissgas del Perú

Mada Informática

Work highlights

  • Advised AGP Perú on the facility agreement and debt financing agreements with OMERS Capital Markets, BMO Financial Group and Bank of Montreal to provide up to $250m in a senior secured term loan facility.
  • Advised Artesco on a merger process.
  • Advised Conafovicer on the acquisition process of more than 60 real estate assets.

GSA Legal

GSA Legal advises on domestic and international transactions and general corporate issues and is part of Meritas, a global alliance of independent law firms. The team is led by Luis Gastañeta, Alfonso Tola and Shirley Cárdenas; Gastañeta maintains a broad practice encompassing corporate and financing transactions and is well versed in foreign investments; Tola is recommended for M&A, financing and regulatory issues; and Cárdenas handles reorganisations, compliance and corporate governance matters. At the senior associate level, María Soledad Gastañeta offers experience in corporate, contractual and administrative law, as well as M&A.

Practice head(s):

Luis Gastañeta; Alfonso Tola; Shirley Cárdenas

Key clients

Compañía de Minas Buenaventura

Volcan Compañía Minera


Compañía Minera Condestable

Southern Peaks Mining




Accion Internatrional





Grupo Natura


Delivery Hero

Work highlights

  • Advising Waterlogic Holdings on the acquisition of the shares of a holding company domiciled in Central America.
  • Advised ADEXUS on a share sale.

Lazo Abogados

Lazo Abogados acts for Peruvian companies and investors as well as multinational clients in M&A, contractual issues and reorganisations. The team is jointly led by Jorge Lazo and the dual qualified (in Peru and Chile) Vanessa Lamac; Lazo has 20 years of experience in the field and handles banking and finance, capital markets, project finance and regulatory matters in addition to his corporate work, while Lamac is a key name for corporate, finance and civil matters, and has considerable experience in cross-border M&A, financings and reorganisations. Senior associate Luis Lazo Navarro is also noted.

Practice head(s):

Jorge Lazo; Vanessa Lamac


‘The Lazo de Romaña & Bravo Abogados team is excellent, especially the lawyer Vanessa Lamac.’

‘We appreciate that they work as a consolidated team and that they always look out for the best interests of their clients.’

‘The legal advice is first class.’

Key clients


Fibra Prime

Grupo Patio

Inversiones Coril

Grupo Siucho


La Positiva Seguros & Reaseguros

Lindcorp (Grupo Lindley)

W Capital SAFI (Grupo Wiese)

Casa Andina Hoteles

Beumer Group Andina



Advance Global Capital


Crece Capital

Comercializadora Franca Pisani- Go Barman Chile



Work highlights

  • Advised Fibra Prime on the sale of shares to Grupo Coril.

Santiváñez Abogados

Santiváñez Abogados is well known for its focus on the energy and natural resources industry, and it advises some of the biggest players in the sector on their corporate matters, including M&A, joint ventures, regulatory issues and reorganisations. The practice is no stranger to cross-border transactions and has a particular specialism in the electricity sector, where it acts for high-profile clients. It also advises on ancillary transactional matters, such as antitrust issues. The team is led by Roberto Santiváñez and Guillermo Auler: Santiváñez is a key name for M&A, power supply and transmission contracts, and project development work, while Auler deals with reorganisations, M&A and real estate matters. Senior associate Guido Maeda is also active in the practice, and Oscar Eyzaguirre joined the firm as counsel in June 2022; he was previously an independent practitioner.

Practice head(s):

Roberto Santiváñez; Guillermo Auler

Key clients

Blue Water Advisors

Blue Water Worldwide

Grupo Energía de Bogota

Unacem Corp

Grupo Romero Investment Ofiice, GRIO

Union Para la Infraestructura: Fondo Sura – Credicorp

Colorado Conveyor

Grupo Lamosa

Cerámica San Lorenzo

Compañía Minera Poderosa

Electro Dunas

Dunas Energía

Compañía Eléctrica El Platanal – CELEPSA

OM Pharma

Actual Inmobiliaria

Coats Cadena

San Miguel Industrias PET

Electricité de France

Intrepid Directional Drilling Specialists

Corporación Financiera de Inversiones – COFIDE

Renthalpa sac

Work highlights

  • Advised Unacem Corp & Celepsa on the acquisition of a distressed power generation company with assets over $300m.
  • Advised Grupo Romero Investment Office – GRIO on the acquisition of a power generation company with assets over $400m.
  • Advise Union Para la Infraestructura: Fondo Sura – Credicorp to acquire, through the stock exchange, a minority equity participation in a state-owned and controlled power utility with regulatory asset value over $250m.