Firms To Watch: Commercial, corporate and M&A

A popular choice for fund managers, investment funds and private equity houses, BROSETA Abogados is handling a growing corporate and M&A workload; Gonçalo Castro Ribeiro joined from DLA Piper in April 2023.
Following the opening of its Lisbon office in September, Pérez-Llorca strengthened its Portugal-based corporate and M&A practice with the hire of the highly regarded Rodrigo Falcão Nogueira and Manuel Cordeiro Ferreira from RRP Advogados in December 2023.

Commercial, corporate and M&A in Portugal


The ‘top-notch, multidisciplinary and flexible’ team at Cuatrecasas is a key port of call for international clients engaged in the energy, infrastructure, TMT, healthcare, transport, and real estate sectors. The practice is well positioned to advise on the full spectrum of M&A and corporate matters, as well as private equity transactions. The team is jointly led by Mariana Norton dos Reis, who is praised for her ‘commercial skills’, and Rafael Lucas Pires. Reis focuses on cross-border M&A, joint ventures and private equity transactions with extensive expertise in Iberian and Latin American investments, while Pires, who joined the team in January 2023, has considerable experience in national and cross-border M&A, restructurings and corporate governance. The ‘very experienced’ Luís Miguel Cortes Martins is recommended for his expertise in private M&A and privatisations. Francisco Santos Costa leads the firm’s energy M&A practice, and João Mattamouros Resende is a key contact for transactions in the financial services, IT, retail, hospitality and manufacturing sectors, most notably multijurisdictional M&A.

Practice head(s):

Mariana Norton dos Reis; Rafael Lucas Pires

Other key lawyers:

Luís Miguel Cortes Martins; João Mattamouros Resende; Francisco Santos Costa; Martim Anahory; Samantha Cyrne; Francisco Martins Caetano; Alexandra Martins; João von Funcke


‘Cuatrecasas’ M&A team is excellent: very professional, with total availability and a high capacity to anticipate problems. All of this allows for the creation of a unique relationship of trust that clearly differentiates them from other firms.’

‘Alexandra Martins stands out – she is an excellent lawyer; very solid from a technical point of view, with extensive experience in M&A, which allows her to have great ability to lead the negotiation table.’

‘Multidisciplinary team with a very high level of work, capacity and focused on results.’

‘Mariana Norton dos Reis – experience, commercial skills, negotiation. Francisco Martins Caetano – work capacity, organisation.’

‘The team is of very high quality and is very responsive. They understand the client’s economic needs and find pragmatic solutions.’

‘Luis Miguel Cortes Martins: very experienced in M&A, good commercial understanding, excellent negotiator.’

‘Alexandra Martins: high-quality and excellent experience in corporate law and M&A, very responsive, looks for pragmatic solutions.’

‘Cuatrecasas has a top-notch, multidisciplinary and flexible legal team.’

Key clients


Fnac Darty

Vivalto Santé 3


Infinitas Learning International B.V.

Rhenus Beteiligungen International GmbH

Catalana Occidente



J.F. Hillebrand

Brown-Forman Corporation



Bain Capital

Unavets Healthcare


RiverRock European Capital Partners

IskayPet Group


Neftys Farma Iberia (and Alliando Group)

Renault Retail Group Portugal


Ribera Salud

FS Capital Partners





Sherpa Capital

China Three Gorges

Aquila Capital


Work highlights

  • Advising Mutares on the acquisition of Efacec Power Solutions, a Portuguese technology company operating in the energy, electric mobility, engineering, and transport sectors.
  • Advising Vivalto Santé 3 on the acquisition of Lusíadas Saúde Group.
  • Advising Fnac Darty on the acquisition of Media Market Portugal, including 10 physical shops, online commerce and the integration of around 450 employees.


With expertise spanning the real estate, insurance, infrastructure, energy, transport and IT sectors, Linklaters provides guidance to a diverse roster of prestigious corporate clients across all facets of their M&A work. The team is further lauded for its ability to handle multijurisdictional transactions, leveraging its global network to assist on matters, with a focus on Portuguese-speaking countries in Africa, most notably Mozambique. Practice head Diogo Plantier Santos is noted for his specialist focus on real estate transactions. Marcos de Sousa Monteiro is recommended for cross-border M&A, privatisations, and reorganisations in Portugal and Lusophone Africa. Counsel Mariana Serra Baptista is a key port of call for domestic and international clients seeking advice on all type of M&A work, including acquisitions, joint ventures, corporate restructurings, private equity investments, as well as takeovers and privatisations.

Practice head(s):

Diogo Plantier Santos

Other key lawyers:

Marcos de Sousa Monteiro; Mariana Serra Baptista; Diogo Barros Pereira

Key clients

Ageas Portugal

ECS Capital

Banco Comercial Português

Banco Santander Totta

Caixa Geral de Depósitos

Novo Banco


Goldman Sachs

Power Dot

CTR – Consultoria Técnica e Representações, Lda.


BNP Paribas

Sierra Portugal

Work highlights

  • Advised Caixa Geral de Depósitos, Banco Santander Totta, Millennium bcp, Novo Banco, Oitante on Project Crow, which consisted of the sale of ECS Capital and related assets to Davidson Kempner.
  • Advised Power Dot on the €150m equity investment by Antin Infrastructure Partners.
  • Advised Mirova on its €150m investment in TagEnergy’s €450m funding round.

Morais Leitão, Galvão Teles, Soares da Silva & Associados

Lauded by clients for its depth of expertise and cross-border capabilities, the ‘very competent and dynamic’ corporate and M&A team at Morais Leitão, Galvão Teles, Soares da Silva & Associados is well positioned to advise clients across key sectors such as energy, real estate, banking, pharmaceuticals, IT, agribusiness and media, among others. The practice is jointly steered by Tomás Vaz Pinto and Ricardo Andrade Amaro . Pinto leads the firm’s corporate and capital markets team and is noted for his specialism in private equity transactions, while Amaro oversees the M&A practice and focuses on deals concerning the energy sector. Eduardo Paulino brings together experience in capital markets, public and private M&A, and Carlos Osório de Castro enjoys a stellar market reputation for his work on M&A involving both national and international clients. ‘Recognised for his negotiation skills and business acumen‘, Luís Roquette Geraldes often advises technology, life sciences and healthcare companies on transactional matters, most notably M&A, private equity and venture capital. Managing associate Marta Pereira Rosa is also a key name to note.

Practice head(s):

Tomás Vaz Pinto; Ricardo Andrade Amaro

Other key lawyers:

Carlos Osório de Castro; Eduardo Paulino; Vítor Pereira das Neves; Magda Viçoso; Luís Roquette Geraldes; Margarida Torres Gama; Isabel Carneiro Khalen; Marta Pereira Rosa


‘The team I work with at Morais Leitão (M&A, regulatory energy) is one of the best teams in the market. They have experience, a very practical approach, great negotiators, and they are strong technically speaking, and always available.’

‘Proximity to the client and in-depth knowledge of the challenges posed to the business model and operations.’

‘The firm stands out for its exclusive focus on corporate law and M&A, which allows them to have a much more in-depth understanding of client needs in this specific field. The team has a proven track record of closing M&A deals efficiently and on time, which is rare in the national legal market.’

‘Partner Luis Roquette Geraldes is recognised for his negotiation skills and business acumen, characteristics that are particularly valuable in M&A situations.’

‘Morais Leitão is one of the top firms in Portugal. They have strong practices in all areas and a great combination of seasoned senior partners and hands-on partners.’

‘They have a deep knowledge of the market and usually take a commercial and practical approach, which is greatly appreciated by international clients.’

‘The Morais Leitão team can handle the most complex, sophisticated M&A transactions for national and international clients.’

‘The Morais Leitão team led by Magda Viçoso has a 360 vision that is very aligned with the client’s objectives. Very competent and dynamic.’


Praised for its ‘client-driven approach’, the ‘excellent’ corporate and M&A team at PLMJ handles a steady stream of deals for a diverse portfolio of clients, both domestically and internationally. The team’s expertise is notably pronounced in the healthcare, IT, energy and infrastructure sectors. Diogo Perestrelo is well versed in the gamut of M&A transactions and privatisations, assisting clients across the energy, aviation, telecoms, infrastructure and transport segments. Leading the team alongside him is Duarte Schmidt Lino, who is noted for his wealth of experience advising on large and high-profile M&A, private equity and venture capital deals. A litany of domestic and international companies turn to Bárbara Godinho Correia for assistance with major merger operations, privatisations, and acquisitions. The ‘outstanding’ Filipe Avides Moreira  is lauded for his ‘professional competence.’

Practice head(s):

Diogo Perestrelo; Duarte Schmidt Lino

Other key lawyers:

Bárbara Godinho Correia; Filipe Avides Moreira; Guilherme Seabra Galante; Alexander Ehler


‘The corporate and M&A team’s client-driven approach sets it apart within the national landscape. We also value the emphasis that PLMJ has placed on building a company culture that takes different stakeholders and companies into account.’

‘I would say that what distinguishes this firm in Portugal is that it combines the personalisation of the topics covered and a large team.’

‘Excellent team, quick response and duly clarifying all queries. Good treatment, education and availability.’

‘I would recommend Filipe Avides Moreira is an excellent professional.’

‘I would like to highlight Filipe Avides Moreira with whom I have worked in different matters. I think Filipe is an outstanding lawyer due to his professional competence, and personal availability whenever needed. He has deep expertise in M&A and corporate law and is always directly involved in the matter at hand.’

‘PLMJ proved to be a very professional team, with excellent conditions to receive, monitor and advise its clients. It also has a multidisciplinary team, which allows us to provide professional and competent responses, even in the most complex processes.’

‘I highlight Filipe Avides Moreira is extremely friendly and available, with a great alignment of thoughts, approach and even style, to the themes that emerged. He was very professional and competent, and proved to be very knowledgeable about the matters covered.’

Key clients

Davidson Kempner Capital Management

Building Materials Ventures

A.P. Møller Holding

Bank of America Europe

E.I.P. – Electricidade Industrial Portuguesa

TAP Air Portugal

Ascendi Group

Minor Hotels



RegaEnergy Group

Sandvik Machining Solutions AB

FCE Bank

Work highlights

  • Advised and acted as lead counsel of Davidson Kempner European Partners in the designated Project Crow, which consisted in the acquisition of a private equity fund set up under Portuguese law.
  • Advising Galp Energia on the sale of the group’s 9% non-operated stake in Block 14, 4.5% non-operated stake in Block 14K and 5% non-operated stake in Block 32.
  • Advised Cegid on the acquisition of Grupo Primavera, a group comprised of companies located in various jurisdictions, including 8 companies with registered office in Portugal.

Uría Menéndez – Proença Carvalho

The corporate and M&A team at Uría Menéndez – Proença Carvalho is praised for its ‘very good technical knowledge‘ and ‘great attention to detail.’ Esteemed as trusted advisers to private equity firms and corporates across all of Portugal’s major industries, the team is well placed to handle an array of corporate transactions. Key contact Francisco Brito e Abreu boasts considerable experience in corporate restructuring, M&A and private equity transactions, particularly excelling in the pharmaceutical sector, while Catarina Tavares Loureiro focuses on M&A transactions involving both private and listed companies. Joana Torres Ereio is routinely instructed by domestic and international corporates on M&A, private equity, venture capital deals and commercial agreements. Former practice head Duarte Garin retired in December 2023.

Other key lawyers:

Antonio Villacampa; Francisco Brito e Abreu; Carlos Costa Andrade; Francisco da Cunha Ferreira; Catarina Tavares Loureiro; Joana Torres Ereio; Miguel Stokes


‘Very good technical knowledge, good client support, great knowledge of the market and the business.’

‘I recommend Catarina Tavares Loureiro – very comprehensive global vision, available and achieves a very good final result.’

‘Great attention to detail, total commitment to the client, a lot of proactivity and complete availability.’

‘The practice has very capable partners and associates, and provides a very tailored legal service suite for M&A in the Portuguese context.’

Key clients

Artá Capital

Bankinter Consumer Finance, E.F.C., S.A.

Pollen Street Capital Ltd

Ferrovial – Cintra

MCH Private Equity Investments S.G.E.I.C., S.A.

Hayco Manufacturing Limited (Hong Kong)


V Sports SCS

iCON Infrastructure LLP

Qatar Sports Investment

MD Group, S.A.

Bright Pixel Capital (former Sonae IM)


Groupe Bruxelles Lambert


Ascendum, S.A.


Panigest, SGPS, S.A.


Värde Partners

Work highlights

  • Acted for Bankinter Consumer Finance, E.F.C., S.A. in the incorporation of a joint venture with the Sonae group for the provision of consumer-credit products and services in Portugal.
  • Assisted KKR in the issuance of €200m in convertible bonds.
  • Assisted iCON Infrastructure LLP with the acquisition of Sonorgás, a natural-gas distributor holding 31 local licences for the distribution of natural gas from Dourogás SGPS.


Well-regarded for its ability to marry a ‘strong knowledge’ with a ‘great proactive’ approach, the corporate and M&A team at VdA acts for an array of clients across the telecoms, energy, healthcare, infrastructure, technology, and aviation sectors. The group works with various domestic and international corporates on the full spectrum of high-value corporate transactions. Leading the team is Cláudia da Cruz Almeida , who is a key port of call for clients hailing from the energy, infrastructure, aviation and tourism sectors seeking assistance with M&A, private equity matters and reorganisations. Restructurings, private equity investments and M&A are all key areas of activity for Paulo Trindade Costa. Jorge Bleck continues to advise on high-profile distressed M&A and restructurings, earning praise from clients, with one describing him as ‘one of the most experienced lawyers in Portugal’. Sofia Bobone is regularly engaged by domestic and international corporates on a host of M&A transactions, while dual qualified Maria Cunha Matos is noted for her cross-border expertise, advising international corporates and private equity clients.

Practice head(s):

Cláudia da Cruz Almeida

Other key lawyers:

Jorge Bleck; Paulo Trindade Costa; Francisco Sá Carneiro; Helena Vaz Pinto; Maria da Conceição Cabaços; Maria Cunha Matos; Sofia Bobone


‘Leading firm in Portugal and strong knowledge of the market and different actors in corporate and M&A practice.’

‘Sofia Bobone has unparalleled experience in M&A and capital markets, in different geographies (Portugal, Angola, Mozambique). High availability.’

‘Jorge Bleck: unparalleled experience in M&A, particularly in privatisations and highly complex processes. One of the most experienced lawyers in Portugal.’

‘Great proactive approach to finding solutions to enable transactions. Excellent understanding of the nature of the business. Direct involvement of partners and rest of the team.’

‘VdA is a prominent law firm in Portugal, recognised for its excellence in the area of ​​corporate law and M&A. The team offers a high quality legal service, focused on an in-depth understanding of its clients’ needs and goals.’

‘The corporate and M&A team is fully dedicated to providing effective and strategic solutions, adapted to the specificities of each transaction.’

‘Paulo Trindade da Costa: extensive experience in M&A, in-depth knowledge of the Portuguese business environment, good knowledge of the economic framework in Angola.’

‘The corporate and M&A team is fully dedicated to providing effective and strategic solutions, adapted to the specificities of each transaction.’

Key clients



PNI Portugal S.A.R.L.

Cellnex Portugal, S.A.

Kiloutou SAS

CTT, S.A.; Banco CTT, S.A.

Simpar, S.A.


Vodafone Portugal – Comunicações Pessoais, S.A.

Fibroglobal, S.A.

Montepio Holdings, S.A.

Finerge Europe H. SARL

Fortitude Capital – Sociedade de Capital de Risco, S.A.

Fundação Oriente

GN Store Nord A/S

Semapa – Sociedade de Investimento e Gestão, SGPS, S.A.

Voestalpine High Performance Metals GMBH

C2 Capital Partners



Ó Capital

Work highlights

  • Advised Kiloutou SAS on the acquisition of 100% of the share capital of Grupo Vendap, S.A. directly and of Crucial Meridian Unipessoal Lda. indirectly from Venerlapop, S.A..
  • Advised Igneo-owned Finerge Group on the acquisition of five windfarms in Portugal with a total installed capacity of 221.4 MW.
  • Advised Vodafone Portugal – Comunicações Pessoais, S.A. and Vodafone Group (UK) on the signing for the acquisition of 100% of the share capital of Cabonitel, S.A., the holding company of Nowo Communications, S.A., with the transaction pending the necessary regulatory approval.

Abreu Advogados

With expertise spanning the real estate, banking, tech, life sciences, energy and natural resources sectors, Abreu Advogados draws considerable praise from clients, who turn to the team for its ‘commercial and pragmatic’ approach in a range of corporate transactions. The practice possesses strong capabilities in  cross-border mandates, notable in Mozambique and Angola. With over two decades’ experience in this space, Ana Sofia Batista acts for a variety of national and international clients in private equity deals. She leads the practice alongside José Maria Corrêa De Sampaio, noted for his ability to ‘quickly understand the client’s intended objectives’, and Manuel Santos Vítor who, in addition to M&A transactions, excels in corporate governance and reorganisations.

Practice head(s):

Ana Sofia Batista; José Maria Corrêa de Sampaio; Manuel Santos Vítor

Other key lawyers:

César Bessa Monteiro Jr; Hugo Teixeira; Rui Peixoto Duarte; Cláudia Santos Malaquias; Rita Albuquerque


‘The lawyers of this practice are extremely responsive, hands-on and available to adapt to client’s aims and intended results. They have a profound expertise in all matters of corporate and M&A law as applied to the energy industry.’

‘Rui Peixoto Duarte: pragmatic approach and fluent in French, which was an asset in a recent cross-border transaction.’

‘César Bessa Monteiro Jr is a lawyer who presents practical, efficient and outside the box solutions. His professional ethics, the solidity of his knowledge and the quality of the solutions he presents are differentiating factors in the market.’

‘We have been working with this M&A team for many years. They always demonstrate great technical competence, client attention and always clarify any doubts, anticipating problems.’

‘The practice has a high reputation in the market. They produce high quality work and take a commercial and pragmatic approach when dealing with their clients.’

‘José Maria Corrêa de Sampaio has excellent availability and extensive experience in M&A. Ability to quickly understand the client’s intended objectives in the negotiation process and adjust documentation accordingly.’

‘Manuel Santos Vítor is extremely dedicated and always available.’

Key clients

Banco Português de Fomento

Catana Group

Cary Group

Caixa Geral de Depósitos


Chint Solar Portugal Projects B.V.

DCC Investors

De Heus

E.Leclerc Group


Embraer Portugal, S.A.

HCapital Partners – SCR, S.A.

Idealista, S.A.U.

JJW Hotels & Resorts Group

JLL Group

Lidl & Companhia



Newpal – Investimentos, SGPS, S.A.

Oettinger Davidoff AG

Open Spiral, SGPS, SAr


Sublime Group

Symington Family Estates



Work highlights

  • Advising Mutares on the acquisition of EFACEC.
  • Advised Transcom on its acquisition of Timeframe.
  • Assisted the state owned Portuguese financial institution with the sale of its controlling stake in Banco Comercial Atlântico (BCA).


The ‘very professional’ team at CMS leverages the firm’s expansive global network to advise on complex cross-border M&A transactions and is actively involved in a range of private equity deals, privatisations, reorganisations and strategic alliances. Counting multinationals, private equity firms, venture capital funds, government agencies and domestic companies among its client roster, the team’s broad sectorial expertise covers aviation, healthcare, energy, manufacturing and distribution. Founding partner João Caldeira boasts an impressive track record in private equity transactions, M&A, corporate restructuring, joint ventures, capital markets, and corporate finance. He leads the team alongside Francisco Xavier de Almeida, praised for his ‘hands-on approach’, and Fernando Cruz Trinca who regularly provides assistance to credit financial institutions and pharmaceutical companies. Tiago Valente de Oliveira acts for domestic and international clients in matters concerning M&A, corporate and commercial law. Senior associate David Apolónia is also a key figure in the team.

Practice head(s):

João Caldeira; Francisco Xavier de Almeida; Fernando Cruz Trinca

Other key lawyers:

Margarida Vila Franca; Tiago Valente de Oliveira; David Apolónia; André Guimarães; David Apolónia



‘The lawyers who provide us with services, especially João Caldeira and Tiago Valente de Oliveira, demonstrate great availability, adaptability to the client’s needs and excellent technical preparation, which creates a lot of security in the service provided.’ 

‘João Caldeira and Tiago Valente de Oliveira both have availability, technical knowledge, negotiation capacity, adaptability to our needs, in-depth knowledge of the client.’

‘The legal support provided by CMS is distinguished by its specific knowledge of applicable legislation, the reality and activities of its clients, as well as its ability to seek the framework and solutions that best safeguard its clients’ interests. It is also worth highlighting the availability and attention of all the lawyers involved in the matters, the partners.’

‘I highlight Francisco Xavier de Almeida and André Guimarães stand out for their technical knowledge, availability and work capacity and for proposing practical solutions that safeguard the concerns and activities carried out by clients.’

‘Francisco Xavier de Almeida is experienced and provides a hands-on approach and coordination.’

‘Very professional; sharp; reactive; good understanding of the business.’

‘CMS is the firm in Portugal, which, for me, has the most experience in M&A deals at the private equity level. CMS has a long track-record and know-how in this sector.’

Key clients

Atenor S.A.



Encavis Asset Managament AG

Elegant Family Hotels Cascais, S.A.

Enging – Make Solutions, S.A.


FCR C2 Medcapital

Imperalum – Sociedade Comercial de Revestimentos e Impermeabilizações, S.A.

Muvext, S.A.

PTB Education II


SWING Biomethane SAS

Technology & Strategy Groupe

United Lisbon Education Hub

Aquila Capital Group

Crest Capital Partners




Grupo Cardoso

Keller Williams (Portugal)

Lightsource BP

Mercedes-Benz Financial Services Portugal


SWEN Capital Partners SA

SDCL- Sustainable Development Capital LLP


Vinci Energies

VINCI Highways

Work highlights

  • Advising SWEN Capital Partners on a second investment round in Portugal, in the total amount of €60m, subscribed by Fund SWIFT1 and Fund SWIFT 2, both managed by SWEN Capital Partners.
  • Advised FCR C2 MedCapital on the direct acquisition of 60% of the share capital and voting rights of the company HL – HOSPITAL DE LOULÉ, S.A..
  • Advised the PTB Education II on the acquisition of 100% of the share capital of a company which explores a private school in the Cascais region.


On account of the firm’s global network, DLA Piper ABBC remains a popular choice for major corporates, private equity houses, financial institutional and fund managers in the energy, real estate, TMT, transport and pharmaceutical sectors seeking assistance with M&A deals and non-transactional corporate matters. The team is jointly led by Nuno Azevedo Neves and João Costa Quinta. Neves is regularly involved in high-profile, cross-border M&A deals and privatisations, while Quinta is a key port of call for private equity funds and investment funds on private equity, corporate governance, venture capital and M&A mandates. Other individuals to note include Nuno Castelo Branco, who is recommended for his focus on the energy sector. The team has been strengthened by the arrival of João Bento, who joined from Linklaters in July 2023.

Practice head(s):

Nuno Azevedo Neves; João Costa Quinta

Other key lawyers:

Nuno Castelo Branco; Rita Costa Carvalho; João Bento

Key clients

The Ardonagh Group

EDP Renováveis

Dan Public Transportation Co Lted


Cyient limited





Banco Master

Tioga Capital


Work highlights

  • Assisted EDP Renováveis with the sale of its full equity shareholding in a wind portfolio located in Portugal for an enterprise value of €530m.
  • Assisted The Ardonagh Group with the acquisition of 100% of the issued shares of MDS from its two shareholders, Sonae Group and Suzano Group.
  • Advising Cyient Limited on the acquisition of 100% of Celfinet – Consultoria em Telecomunicações S.A.

Garrigues Portugal

The corporate and M&A team at Garrigues Portugal has been praised for its ability to provide ‘client-oriented solutions’ in a ‘constructive and pragmatic’ manner to its diverse roster of clients. Multinationals, Portuguese corporates and start-ups engaged in a myriad of sectors, including insurance, IT, industrial, agribusiness and private equity, turn to the team for advice on the full scope of M&A and corporate matters. Mário Lino Dias is noted for his expertise in the insurance sector and renewable energy sectors, while Susana Pimenta De Sousa is regularly engaged by domestic and international clients on corporate restructurings and M&A. The ‘very experienced’ Tomás Pessanha, based in Porto, is a reference in the national market for M&A, private equity and venture capital deals, and Marta Da Graça Rodrigues is well-versed in the full gamut of corporate transactions, including matters involving listed companies. Diogo Leónidas Rocha has a strong track record in consolidations in the telecoms, banking and financial sectors. Recently promoted partner Manuel Liberal Jerónimo is also noted for domestic and cross-border transactions.

Practice head(s):

Mário Lino Dias; Susana Pimenta de Sousa; Tomás Pessanha; Marta da Graça Rodrigues; Diogo Leónidas Rocha

Other key lawyers:

Manuel Liberal Jerónimo; Pedro Lemos Carvalho


‘The Garrigues Porto office stands out for the excellence of the legal services provided, presenting innovative solutions that meet the client’s needs. They develop lasting relationships, of partnership and trust, with the client. They have a very quick response capacity, which is essential in today’s world.’

‘Partner Tomás Pessanha is one of the best Portuguese lawyers, with great legal knowledge and a lot of experience in international transactions, always focused on finding solutions that protect the client’s interests. Creates trusting relationships and knows the client’s business and culture very well, which allows him to quickly present solutions suited to the client’s needs.’

‘The general level of service is excellent, as they have a team that shows good knowledge and in-depth understanding of the legal framework, high technical competence, professionalism and great negotiation skills.’

‘We have worked mainly with Tomás Pessanha and Manuel Liberal Jerónimo. They are all experts in their practice, with in-depth knowledge of the general legal framework, ensuring that all issues are handled professionally and efficiently.’

‘Close attention to the clients’ needs.’

‘Tomás Pessanha is very experienced and professional, he is involved in every matter, minor and critical, giving the sense of control, which is critical to a non-local client.’

‘Top-notch know-how, reliable and client centric.’

‘The team brings client-oriented solutions and has been of a great support to us, in a constructive and pragmatic manner. ’

Key clients

Amorim Group

Samsung Portugal

Apax/Gama Life

Novares Group

Brenntag Group

Oxy Capital


Aliaxis Group

Audax Renovables

Chanel Group

Dukes Education Group

Babcock International

Explorer Investments

Atena Equity Partners

Katoen Natie




Warburg Pincus

BNP Paribas

Max Stock

Vallis Capital Partners

Riverwood Capital

Work highlights

  • Advised Amorim Group on the sale of a 10% stake in Tom Ford (and Tom Ford Brand) to Estée Lauder Companies Inc. and Zegna Group.
  • Advised Babcock International Group on the sale of aerial emergency services businesses to Ancala Partners.
  • Advised Novares Group on the sale of its Bezels & Clusters business units in Portugal, to Manuel Champalimaud Group.

SRS Legal

Praised for its ‘vast knowledge and legal experience’, the corporate and M&A team at SRS Legal possesses strong credentials in the private equity and venture capital spaces. TMT and energy sector expertise is a defining characteristic of the practice group, which regularly advises leading companies on critical transactions. With more than three decades of experience, practice head Octávio Castelo Paulo  is wellversed in M&A transactions, privatisations, private equity deals and joint ventures. Gustavo Ordonhas Oliveira, lauded for his ‘availability and flexibility’, excels in cross-border private equity and venture capital transactions. Paulo Bandeira is a key contact for start-ups, entrepreneurs, venture capital investors and incubators.

Practice head(s):

Octávio Castelo Paulo

Other key lawyers:

Gustavo Ordonhas Oliveira; Paulo Bandeira; Marco Garrinhas; Solange Fernandes


‘SRS is a full-service firm with a broad team of partners who accumulate vast knowledge and legal experience in different practices, which allows us not only to collaborate in the M&A area but also, as often happens, to obtain advice on parallel topics that arise in the context of the transactions in which we are involved.’

‘I highlight the high availability and knowledge of the partners and the entire team, who operate with high professionalism and help us complete complex transactions.’

‘Gustavo Ordonhas Oliveira – availability and flexibility in the support provided, strong commitment to the client.’

‘Marco Garrinhas: high availability, solid legal knowledge, problem-solving ability.’

‘The team is competent and has good knowledge.’

‘Gustavo Ordenhas Oliveira was the partner responsible for the transaction and would like to highlight his strong experience in the area, his critical spirit both at a legal and commercial level on the various topics that arise and his monitoring and availability to the client.’

‘I am extremely satisfied with the performance maintained over the years. It is a team that has in-depth knowledge of the sector.’

Key clients

3 Comma Capital

ActiveCap Capital Partners

Aksiom Partners LLC

Aman Computers Ltd.

Armilar Ventures

Bask Defesa

BBDO Portugal (Omnicom Group)

Big Sur Ventures

Bizay / 360 imprimir

Bright Ventures Partners (Sonae)

Cedrus Atlantica



Colgate Palmolive

Core Capital

Crest Capital Partners

Davidson Kempner / Reviva Capital

Dekra Group

Dia Portugal

ECS Capital

EGEO Pressão


FFL Partners

Gresart / Gres Panaria

Grosvenor Investments

Group FHC

Grupo Amorim

Grupo Hermes


Iberis Capital

Índico Capital Partners

J.P. Sá Couto

Join Capital

Knight Capital

LiveTiles Limited


MML Capital

Nova Franquiger

Oak Partners

Oxy Capital

PAI Partners


Parpública, SGPS, SA


Respol – Resinas


Rubis Energia Portugal




Vesalius Biocapital

Volkswagen Autoeuropa

Work highlights

  • Advised Parpública (Portuguese State) on the privatisation of Efacec.
  • Advised Chelsea FC on the sale of the club.
  • Advised Oxy Capital on the Iberian integration of the property and condominium management businesses of Nova Franquiger and Siroco.

Gómez-Acebo & Pombo

The ‘top-notch’ corporate, commercial and M&A team at Gómez-Acebo & Pombo earns high praise from clients for its ‘extremely efficient and dedicated’ approach. A litany of domestic and international companies turn to the team for its experience in buy and sell-side deals, as well as commercial agreements, contracts and day-to-day corporate issues. The practice is steered by the 'fantastic' Mafalda Barreto, who is noted for her experience advising on cross-border transactions. Former co-head Miguel de Avillez Pereira is no longer at the firm.

Practice head(s):

Mafalda Barreto

Other key lawyers:

Filipe Santos Barata; Luísa Carrilho da Graça; Susana Morgado


‘Excellent service in every way.’

‘They are extremely efficient and dedicated, always providing good and accurate answers to the problems.’

‘GAP has a multidisciplinary approach that helps them understand clients’ needs from different perspectives.’

‘Mafalda Barreto has been outstanding, very focused on finding the right solution.’

‘GAP is a very pro-active firm and solution-oriented team.’

‘Mafalda Barreto and Susana Morgado are both really professional and a pleasure to do business with.’

‘GAP handles all of our legal needs in Portugal, and I have been very impressed by the firm’s capabilities in a wide variety of practice areas. The M&A team is top-notch. This is a business-minded law firm that gives practical, actionable advice. Great to work with.’

‘Mafalda Barreto is fantastic. I really enjoy working with her.’

Key clients

DAK Americas

Maire Tecnimont


CT Inginieros

Cubico Sustainable Investments

Dos Grados

Work highlights

  • Advised DAK Americas on the negotiation of several petrochemicals supply agreements with Portuguese counterparts, including the taking of underlying guarantees and security.
  • Advised Tecnimont regarding the contract with Repsol to provide engineering, procurement, and construction (EPC) services for the addition of two new units to expand production of specialty chemicals at subsidiary Repsol Polímeros SA’s petrochemical complex northeast of Sines, Portugal.
  • Advised Anticimex on the integration process within its build-up activity, including the merger of the various acquired entities.

Sérvulo & Associados

Well-regarded for its ability to marry a ‘high technical knowledge’ with a ‘proactive approach’, the team at Sérvulo & Associados is well-placed to advise a host of clients on a range of high-value corporate transactions. With a strong presence in the energy, IT, infrastructure and environmental sectors, the team earns further praise for its cross-border capabilities. Practice head Sofia Carreiro boasts vast experience in corporate transactions, including cross-border M&A and restructurings. Pedro Silveira Borges specialises in the negotiation of share/asset deals, negotiation of shareholders’ agreements, subscription agreements and drafting of binding and non-binding offers.

Practice head(s):

Sofia Carreiro

Other key lawyers:

Pedro Silveira Borges; Catarina Marques da Silva; Mariana Teles


‘The team demonstrates high technical knowledge, and carries out work in a rigorous manner.’

‘They adopt a proactive approach to find solutions to legal problems and difficulties you may encounter when dealing with and closing a transaction. The team is client-oriented and remains at a close proximity to the client.’

‘Sofia Carreiro is really proactive and professional. Her assistance has been crucial for liaising with and solving legal problems in relation to some difficulties when negotiating a transaction.’

‘Dynamic and professional team, with high expertise in different areas.’

‘I would recommend Sofia Carreiro for her flexibility and ability to meet client requirements. Sofia listens to the client and seeks to resolve issues raised pragmatically.’

Key clients

Greenvolt – Energias Renováveis, S.A.

Nexar Inc


Work highlights

  • Assisted Nexar with the acquisition of Veniam Unipessoal Lda., a Portuguese start-up company engaged in the development of intelligent networking software for the Internet of Moving Things.
  • Assisted QUIBUS B.V with the acquisition through a newly incorporated subsidiary of 70% of the share capital of R.P.L. CLIMA – AR CONDICIONADO PARA AUTOMÓVEIS, LDA.
  • Advised QUIBUS B.V. on the acquisition through a newly incorporated subsidiary of 100% the share capital of AUTO TORRE DA MARINHA – COMÉRCIO PEÇAS PARA VEÍCULOS AUTOMÓVEIS LDA.


Noted for its ‘technicality’, the corporate, M&A and private equity team at TELLES is regularly engaged by clients hailing from the insurance, private equity, venture capital, construction, life sciences, telecoms, infrastructure and energy sectors. The practice is steered by Francisco Espregueira Mendes, who is adept in corporate M&A, private equity and venture capital deals, as well as privatisations and complex corporate restructurings. Joana Telles de Abreu is praised for her ‘extremely high competence’ and ‘pragmatic’ approach. The team has been bolstered by the arrivals of Ofélia Pinto de Queiroz and Márcio Carreira Nobre, both of whom joined from CS’Associados in January and April 2023 respectively.

Practice head(s):

Francisco Espregueira Mendes

Other key lawyers:

Carlos Lucena; Mariana Ferreira Martins; Nuno Marques; Diogo Damião; Delber Pinto Gomes; Ofélia Pinto de Queiroz; Márcio Carreira Nobre


‘Telles is truly a unique company in terms of the quality of service it provides to its clients. It is a firm that has shown exponential growth in recent years, with a strong, truly national presence, covering all areas of law.’

‘I highlight Diogo Damião for his great attention to detail and extreme dedication to the client, in addition to a very professional attitude and legal knowledge.’

‘I would highlight Ofélia Pinto Queiroz for her seniority, exemplary professionalism, remarkable competence and her exceptional client orientation.’

‘The support provided by the Telles M&A team exceeded all our expectations, as they supported all steps of the negotiation with the notoriously very experienced defence of our interests, always explaining to us what was at stake at each point and supporting the decision-making process and acceptance/refusal of contractual conditions.’

‘In the team, we highlight the absolutely exceptional contribution of Francisco Espregueira Mendes, a person we greatly esteem and consider for his enormous support and generosity in sharing his knowledge and intelligence, which allowed us to be much safer in the most important step of our professional lives.’

‘I highlight the quality of the services, the rigour, the technicality, the teamwork, the concern and compliance with the deadlines requested for the response, the prompt availability and kindness.’

Key clients

Alten Europe Group

Andrade Gutierrez / Zagope

Autoribeiro Group

BBL Invest, S.A.

Beta Capital

Bilacon Iberia

Cavalum Group

Cerealis Group

David Rosas

Dekra Group

Domes Resorts

Efficity S.A.

Egis Group

Ena Okto Dyo Real Estate

Época Home Palace & Hotel Concept Group

Ferpinta Group

Ferreira Build Power | Ferreira Construções

Fundação Casa da Música

Fuste, S.A.


Glatz Group


Guest Ready Group

Horizon Equity Partners

Inspariya Group

Insula Capital SGOIC


JPM Group

Makeen Energy Group

Lionesa Group

LTP Labs, S.A.

Metis II B.V.

Nelson Quintas Group

Nors Group

OB Invest

Orpea Group

Páginas Amarelas Group

Pharmalex Group (AmerisourceBergen investment portfolio company)

Pluris Investments, S.A.

Point Capital Partners

Pradecon, S.A.

Primor Group

Project To Be Group (former Planaltosearch Capital)

PSA Group


Red Bull

RNM Group

Rubix Group

Saviotti Group


Super Bock Group

Tangor Capital

Teak Capital

Torrestir Group


Triva Group, S.A.

Unilabs Group (Apax Partners investment portfolio company)

Vigent Group

Vintage Prime SGPS, S.A. (Luisa Amorim Group)


Vallis Capital Partners

Wavecom Group

Zeitreel (Sonae Group)

Work highlights

  • Advised the SAVIOTTI GROUP on the sale of Dom Pedro Hotels Algarve and Madeira to the ARROW GLOBAL GROUP.
  • Advising ZEITREEL SONAE (SONAE FASHION DIVISION) on the complete restructuring of the ZEITREEL SONAE corporate group, including winding-up and liquidation of several companies, cross-border shareholding transfers, and merger of several companies in several jurisdictions.
  • Advising the PHARMALEX GROUP as local Portuguese legal counsel within the scope of the worlwide sale of the PHARMALEX GROUP to AMERISOURCEBERGEN.

Albuquerque & Almeida

Operating across a myriad of industries, including but not limited to technology, manufacturing, and consumer goods, the corporate, M&A and private equity team at Albuquerque & Almeida manages a steady stream of deals for a diverse portfolio of clients. The practice is jointly led by António Mendonça Raimundo and André Matias. Raimundo is noted for his experience advising on corporate law and international contracts, with a special emphasis on M&A in regulated and non-regulated sectors, while Matias regularly leads on major venture capital and private equity transactions.

Practice head(s):

António Mendonça Raimundo; André Matias de Almeida

Other key lawyers:

Igor Amarii; Miguel Almeida Simões


‘Best client service. Prompt and accurate answers.’

‘Good understanding of client needs so working with them is very time effecient.’

‘Proximity to partners.’

‘Excellent partners; Alexandre de Albuquerque stands out.’

‘Very professional, rigorous, and knowledgeable.’

‘Alburquerque & Almeida stands out for the technical quality of its lawyers, the fulfilment of its commitments, the good treatment of clients and the alignment with the interests of the activity. I also highlight the ability to adapt to the use of technology and the permanent search for simplification.’

Key clients

Crest Capital Partners

Antin Infrastructure Partners


Ritmos & Blues

Hitachi Energy

myFC Ventures Ltd

Banco de Fomento

Massimo Zanetti Beverage Group



Casper Ventures

ABB Asea Brown Boveri







Bondalti Chemicals

Under Armour Inc

Work highlights

  • Advised Crest Capital Partners on the acquisition of the company Ecocompósitos S.A.
  • Advised the company Ritmos&Blues on the sale of the Altice Arena.
  • Advised Garcias S.A.’s group on its restructuring process.

Caiado Guerreiro

Showcasing strength in matters concerning an array of sectors, from telecoms, to energy and construction, the team at Caiado Guerreiro is well versed in corporate transactions, joint ventures, and day-to-day corporate law issues. With a wealth of experience in both sell and buy-side mandates, the group is under the joint leadership of Ricardo Rodrigues Lopes, noted for his focus on employment law, as well as corporate and commercial law, founder João Caiado Guerreiro and Joana Gomes dos Santos .

Practice head(s):

Ricardo Rodrigues Lopes; João Caiado Guerreiro; Joana Gomes dos Santos

Key clients




Fábulas Celestiais




Digital Turbine

Thomas Fousse and Vanusa Fonseca

Land Envision


OM Digital Solutions

CCA Law Firm

Possessing the capabilities to advise on M&A, venture capital investments, private equity deals, and investment funds-related matters, the team at CCA Law Firm assists clients across the e-commerce, fintech, insurance, software and renewable energy sectors. Standing out for its strong presence in the start-ups and emerging growth business scene, the group is jointly led by managing partner Domingos Cruz, recommended for his expertise in private equity, corporate governance and M&A transactions, and Sara Reis, who handles a mix of strategic M&A, demergers, corporate restructuring processes and venture capital mandates.

Practice head(s):

Domingos Cruz; Sara Reis

Other key lawyers:

Filipa Correia Henriques; Joana Bugia

Key clients

Onyria Resorts

Shilling Capital

Snowfall Capital

Biocol Labs


Iberica Partners

M4 Capital

Ged Ventures






Lince Capital

D&LR Media ltd

C2 Capital Partners

Tayan Energy Investments S.L.

Frotcom International




Cudo Ventures Ltd

Fita Preta Vinhos

LS Retail


Quest Group




Work highlights

  • Assisted the with Series A and secondary investment rounds.
  • Advised SV ONE SAS on a €4m Series A investment round in Universal Cover, S.A.
  • Assisted Lince Innovation Fund with a $4m Series A-5 investment round in Kencko Foods.

Deloitte Legal

Capitalising on its connection with the Deloitte Legal network, the ‘knowledgeable, personable, reliable and responsive’ team at Deloitte Legal is well positioned to handle a variety of corporate mandates, ranging from reorganisations, to commercial contracts, and M&A. A key destination for international clients, the group is under the joint leadership of two corporate law specialists: managing partner Mónica Moreira, who is regularly engaged in mergers, purchases, sales and reorganisations; and Sofia Carvalhosa, who takes the lead on corporate, commercial and contractual matters.

Practice head(s):

Mónica Moreira; Sofia Carvalhosa

Other key lawyers:

Miguel Koch Rua; Duarte Ribeiro Telles


‘Availability and response to urgent matters is great. Fantastic leadership, Mónica Moreira deserves recognition.’

‘The people in the practice are very collaborative.’

‘The firm is responsive to our needs. They are knowledgeable and communicate clearly with the client.’

‘The team is knowledgeable, personable, reliable and responsive. No fuss approach is refreshing.’

‘We have worked with CTSU for many years in various areas, and we have always relied on quality, efficiency, proximity and focus on solutions. CTSU brings together a group of excellent professionals, having the ability to combine experience with innovation and practical sense.’

‘Attention to detail and ability to summarise complex problems. High-quality strategic advice, always with risk mitigation in mind.’

‘CTSU provides a service that stands out for its quality, availability, multidisciplinary nature and technical approach, which conveys security in supporting decision-making.’

‘Mónica Moreira and Duarte Ribeiro Telles both demonstrate an exceptional breadth of technical knowledge and stand out for the total availability and integrity with which they approach issues.’

Key clients

FCA Bank

Fundação Renato de Albuquerque /Renato de Albuerque

Codacy S.A.

Rolear S.A.

Intersoft Electronics

Airex AG (Schweiter Technologies)

Grupo BV

Work highlights

  • Assisted Rolear with the acquisition of Morgado da Lameira S.A. including the Amendoeira Golf Resort.
  • Advising Magic Road on the sale to Biosynex of Laboratories Rhogen.
  • Assisting Dan Transportation with the acquisition of a passenger transportation public service concessionaire.

Eversheds Sutherland

Boasting a ‘great reputation in the Portuguese business environment’, the corporate and M&A team at Eversheds Sutherland is a key port of call for clients engaged in the financial, TMT, energy, agribusiness and education sectors. The practice is skilled at handling a mix of M&A transactions, commercial agreements, contractual matters and divestitures. Rodrigo Almeida Dias, who boasts notable expertise in private equity and corporate finance matters, jointly steers the team with Pedro Guimaraes, noted for his focus on multijurisdictional matters.

Practice head(s):

Rodrigo Almeida Dias; Pedro Guimarães

Other key lawyers:

João Osório de Castro; António Cid; Teresa Pessoa e Costa


‘They have a great reputation in the Portuguese business environment.’

‘Strong and commercial team, which regularly works with international clients. They are our preferred legal service provider in Portugal.’

‘High knowledge of subjects; quick response; search for the best solutions.’

Key clients


Siemens Gamesa Renewable Energy

Owens & Minor


Generali Real Estate

Eutelsat Communications SA

Checkpoint Systems

Campolide XXI


Penguin Random House Grupo Editorial

Shareholders of Entreposto – Gestão e Participações (SGPS), S.A., mother company of Grupo Entreposto


Las Vegas Sands






pbbr - Sociedade de Advogados RL

Praised for its ‘business-oriented approach’, the corporate group at pbbr - Sociedade de Advogados RL handles a steady stream of M&A transactions for a range of domestic and international clients in the teal estate, healthcare and IT sectors. With a keen focus on the real estate segment, Pedro Pinto is regularly instructed by investors, developers and financial institutions. He leads the team alongside Alexandre Jardim, who is noted for his specialism in the private equity industry, acting on behalf of investors, funds and management companies.

Practice head(s):

Pedro Pinto; Alexandre Jardim

Other key lawyers:

Gonçalo Mendes Martins; Marco Pereira Cardoso; André Marcos; Bernardo Cortes


‘The pbbr team is really easy to reach in urgent matters and their advice always takes into consideration the specifics of our industry. They have a business-oriented approach and always find the best solution for business.’

‘We appreciate the willingness to find the best legal solution exactly for our case and at exactly that point in time.’

‘We have found that pbbr have been an exceptional partner and have enabled us to confidently scale our presence within Portugal.’

‘Everyone we have worked with has been responsive and understanding. I don’t believe that we would have received such thoughtful and precise guidance from other local law firms.’

‘We can not speak highly enough of the team.’

Key clients

Sonae Sierra

Round Hill Capital

Bouygues Telecom


ECS Capital

Stone Capital

Signal Capital Partners

RE Capital/ GMG – Geneva Management Group

Cushman & Wakefield

Kiabi (Groupe Mulliez)

Groupe Atenor

Estrela SGPS

Avenue Real Estate

MDSR Investments

Acacia Point

Serris Reim Asset Management

Prime Real Estate

Optimum Agriculture Advisors

Square View Asset Management

EQTY Capital


Heed Capital

Gold Tree Group

Peak 2 Peak




Work highlights

  • Assisting Round Hill Capital with the acquisition of several SPVs of the group Smart Studios, the major operator and developer of PBSA (Property Built Student’s Accommodation) in the Portuguese market.
  • Assisted Atenor with the setting up of a joint venture structure with Besix RE, for the development of a real estate project in Lisbon.
  • Assisted Avenue Real Estate with the acquisition of a special purpose company, the owner of a multi-use property located in Oporto on which a real estate project is being developed.

PRA-Raposo, Sá Miranda & Associados, Sociedade de Advogados RL

The ‘multifaceted’ practice at PRA-Raposo, Sá Miranda & Associados, Sociedade de Advogados RL acts for clients operating in the retail, energy, insurance, real estate, media and consumer goods sectors, among others. The team is skilled at assisting with corporate law matters, commercial agreements and contracts, earning further praise for its cross-border capabilities. Spearheading the team is the ‘dedicated’ Pedro Raposo, whose expertise spans the gamut of corporate work, most notably M&A deals.

Practice head(s):

Pedro Raposo

Other key lawyers:

Pedro Sá; Leila Grácio; Silvia Lima


‘We consider that PRA is quite bold in its approach, while being safe and confident in its analysis. They make a point of knowing the market well.’

‘We must undoubtedly highlight the corporate partners Pedro Raposo and Leila Grácio who accompanied us in a transaction and in whom we place our total trust in their know-how of the market and the complexity of all the variants that a transaction of this scale can take.’

‘The PRA firm is multifaceted, with teams specialised in each area, which guarantees reliable and very efficient support when necessary.’

‘I highlight Pedro Raposo and Leila Grácio in corporate. They are all very professional and specialised in their areas, with great responsiveness and very assertive and efficient in everything they promote or carry out.’ 

‘PRA, through Pedro Raposo and its national office network, presents itself as a firm that is very dedicated and equipped to advise national companies in sales and investment processes.’

‘Pedro Raposo is a lawyer dedicated to the success of transactions, ensuring a fierce defence of his clients without jeopardising the business and prioritising truly relevant issues.’

‘PRA has a complete team covering all aspects of law necessary to support a corporate client. It has unique coverage of the national territory, with a local presence in various regions of the country. This aspect is very important for clients focusing on the national business sector like ourselves.’

‘At PRA, we work with Pedro Raposo, who we consider to being a force of nature with a creative energy that goes beyond law, is also a high-quality lawyer.’

Key clients

IT Sector – Sistemas de Informação, S. A.

Aviludo, SGPS, S.A.

AR Telecom – Acessos e Redes de Telecomunicações, S.A.

John “Danny” Olivas, PhD, PE

Work highlights

  • Assisted Olisipo WAY, SGPS with the sale of a 70% stake in Lisbon NearShore to Technology & Strategy Group.
  • Assisted with the incorporation of a space company based in the Azores and owned by former NASA astronaut John “Danny” Olivas, for the development of a space port in the Azores and the provision of engineering and consultancy services.

Raposo Bernardo

The ‘excellent’ team at Raposo Bernardo is regularly instructed by domestic and international clients, including investment banks, funds and corporates, in a range of corporate transactions. The practice is jointly steered by Nelson Raposo Bernardo, who is well versed in the entire scope of corporate transactions, and Joana Andrade Correia, who acts for clients engaged in the aviation, shipping, banking, pharmaceutical, tourism and energy sectors.

Practice head(s):

Nelson Raposo Bernardo; Joana Andrade Correia


‘The quality of the service provided is visible in everything: fantastic know-how in corporate and M&A matters, like I have never seen in another , they apply modern due diligence techniques, which reveal a lot of knowledge in this area.’

‘Nelson Bernardo is one of the best Portuguese lawyers; he is especially gifted in M&A.’

‘The Raposo Bernardo firm has a very high quality in corporate and M&A matters. It has a perfect profile for multinationals.’

‘The team is very cohesive and has an excellent spirit, largely due to the leadership of Nelson Raposo Bernardo and Joana Andrade Correia, who I highlight.’

‘The law firm Raposo Bernardo & Associados is unique and exceptional in its vision and innovations in terms of service provision.’

‘The lawyers who stand out in the commercial, corporate and M&A team are mainly Nelson Raposo Bernardo and Joana Andrade Correia, who are responsible for a fantastic team of other lawyers.’

‘We value many qualities in Nelson, but if I had to choose just one, it would be his ease in transforming the most complicated and even gigantic problems into simple ones and solving them effectively and definitively.’ 

‘The team is a dream, full of excellent lawyers.’


Lauded for its ‘dedicated, qualified, multidisciplinary, well-organised and responsive’ team, Andersen advises clients across the investment funds, real estate, infrastructure, healthcare and IT sectors on a range of corporate matters. Benefitting from access to the firm’s global network, the team fields the ability to advise on multijurisdictional transactions. Luísa Curado, who possesses significant experience in M&A and joint ventures at the national and international level, leads the team alongside Mariana Abreu.

Practice head(s):

Luísa Curado; Mariana Abreu


‘Our company has worked with Andersen for around 30 years and the firm has always provided us with a dedicated, qualified, multidisciplinary, well-organised and responsive team.’

‘Our long-standing relationship with the firm allows for in-depth mutual knowledge and encourages the timely presentation and discussion of solutions suited to our company’s needs. The advice is provided in a competent, permanent and supportive manner. ’

‘Andersen has a very complete and multifaceted team that allows it to respond to client needs. Both partners and associates are always available, efficient and quick to contact clients. The excellent team and excellent internal coordination allow Andersen to have a global offer adjusted to all possible client needs.’

APTS - Alves Pereira & Teixeira de Sousa, S.P., R.L.

Under the leadership of João Alves Pereira , the corporate group at APTS - Alves Pereira & Teixeira de Sousa, S.P., R.L. shines in non-transactional corporate law matters. Pereira has more than three decades of experience in this space, providing advice on numerous transactions both domestically and internationally. Key sector strengths for the department include TMT, retail and transport.

Practice head(s):

João P. Alves Pereira

Key clients

Checkpoint Systems


Rentokil Initial plc

G-Core Labs



Iniciativas de Meios

Water Is Life Group

HAHN Kunststoffe GmbH


Work highlights

  • Advising HAHN Kunststoffe GmbH on the acquisition of a majority interest in a Portuguese recycling company.
  • Advising Water Is Life Group on the acquisition of RCL Portugal.
  • Assisting NICEPEOPLEATWORK, S.L. with the incorporation of its Portuguese Subsidiary.

Caldeira Pires & Associados

Praised for the ‘uncompromising defence’ of its clients’ interests and ‘practical’ approach, the corporate team at Caldeira Pires & Associados is equipped to assist with a variety of corporate and M&A matters, including corporate transactions, restructurings, dissolutions and winding-ups. The group is also skilled at advising on the drafting of shareholders’ agreements and day-to-day corporate law issues. Spearheading the team is founding partner Vicente Caldeira Pires, who is well placed to assist clients on the full scope of corporate transactions.

Practice head(s):

Vincente Caldeira Pires

Other key lawyers:

Vanessa Gaspar; Nuno Filipe Henriques


‘A team that is very dedicated to its clients. It stands out for the uncompromising defence of their clients’ interests.’

‘Bright, attentive to client needs, capable, practical, creative in finding solutions.’

‘Caldeira Pires & Associados has provided us with a careful and innovative service in many aspects, most often providing solutions rather than questions.’

CCR Legal

Benefitting from its affiliation with the PwC international network, the ‘interdisciplinary’ corporate team at CCR Legal is well regarded for its ability to combine a ‘strong technical knowledge’ with a ‘creative and efficient’ approach. The team is a popular destination for international companies, private equity houses and family-owned businesses. Managing partner Cristina Cabral Ribeiro advises on the entire spectrum of corporate transactions, while Isabel Coelho dos Santos‘s workload features commercial contracts, corporate restructurings, strategic partnerships and joint ventures. A litany of banks and private equity funds turn to Luís Pedro Oliveira for his expertise in cross-border deals.

Practice head(s):

Cristina Cabral Ribeiro; Isabel Coelho dos Santos; Luís Pedro Oliveira


‘Very well organised team, focused on presenting solutions to requests. Alternative solutions were presented quickly and with great availability.’

‘The team led by Cristina Cabral Ribeiro has full availability to meet the needs of clients with great empathy for other teams of advisors involved.’

‘Luís Oliveira stands out for his leadership skills, knowledge of the topics and great availability in unblocking obstacles in the course of work.’

Key clients

Crealis SpA

Caixa Geral de Depósitos

Caixa Económica da Misericórdia de Angra do Heroísmo





Work highlights

  • Acted as legal adviser to the shareholders of Triangle in the sale to Semapa.
  • Advised Crealis Group on three strategic acquisitions in Portugal to expand its global presence and strengthen its market position.

CCSL Advogados

CCSL Advogados provides legal services 'of excellent quality' in the fields of commercial and corporate law. The team is adept at assisting a variety of corporate clients with mid-market M&A transactions, with particular focus in the media and publishing sectors. The 'interdisciplinary team' is also recommended for its 'highly efficient' management of energy-related deals and proficiency in venture capital investments and day-to-day corporate issues, Practice head Mafalda Almeida Carvalho has significant experience in both transactional and general corporate advisory matters.

Practice head(s):

Mafalda Almeida Carvalho

Other key lawyers:

Frederico Félix Alves


‘The service provided was of excellent quality – while dealing with an army of lawyers/advisers on the other side, Frederico Félix Alves was able to provide a very quick and efficient response, raise challenges and solutions to such challenges, while always maintaining a pro-deal and pro-business attitude.’

‘A big-firm quality with a small-firm proximity and a quick reaction time.’

‘CCSL has an interdisciplinary team that is highly efficient in managing transactions in the energy field.’

‘Mafalda Almeida Carvalho – the interaction is very efficient due to her extensive legal knowledge.’

‘The knowledge of a Tier 1 firm combined with the proximity of a boutique.’

‘Mafalda Almeida Carvalho – Transversal knowledge of M&A, finance, banking and regulatory.’

‘What distinguishes this firm is its integrated approach to corporate and M&A matters, which combines legal expertise with in-depth financial insights.’

‘Partners and lawyers have an aptitude for structuring corporate agreements in a creative way, offering solutions that benefit all parties involved.’

Costa Pinto

Costa Pinto is home to an ‘experienced’ team that is well positioned to advise on the  full scope of corporate matters. Its diverse workload features a healthy volume of transactional work - including M&A, private equity deals, and corporate restructurings - as well as commercial contracts, corporate governance issues and shareholder agreements. José Costa Pinto, a key contact for domestic and foreign clients, sits at the helm of the practice, which is commended for its 'legal competence, dedication, problem-solving ability and client orientation'. Ana da Ponte Lopes, who joined from Banco de Portugal (Portugal's monetary authority) in February 2023, is the name to note for regulatory and compliance mandates.

Practice head(s):

José Costa Pinto

Other key lawyers:

Ana da Ponte Lopes; Miguel Inácio Castro


‘Very close attention to the clients’ needs.’

‘A team with expertise and proximity to the clients. Permanent involvement of partners.’

‘José Costa Pinto is our go-to lawyer for corporate governance issues.’

‘The law firm is unique for several reasons. It offers a high-quality service, with an experienced and specialised team, and is always ahead of the market in terms of innovation. The team is made up of lawyers with extensive experience in various areas of law, who are always ready to go the extra mile to meet the needs of their clients.’

The firm is constantly investing in new solutions to improve its clients’ experience, and is committed to providing a high quality, personalised service adapted to the specific needs of each client.’

‘The law firm has a team of experienced and qualified lawyers, who stand out in the national market for their legal competence, dedication, problem-solving ability and client orientation. I particularly recommend José Costa e Pinto.’

‘A firm with a recognised practice in the market. José Costa Pinto is very involved in transactions. Great dealing with clients and relevant experience in the practice areas.’

‘José Costa Pinto is a committed lawyer, who seeks solutions and is available to the client. The focus on the client is evident, and the treatment of legal issues is of high quality.’


J+Legal boasts a diverse clientele comprising both domestic and international corporates within the financial, energy, telecoms, construction, insurance and agribusiness sectors, among others. The team is jointly led by M&A specialists José Diogo Horta Osório and Jorge Brito Pereira. Co-head Osório, who also fields expertise in banking and projects matters, is often engaged by Iberian and international companies seeking advice on M&A and private equity transactions in the energy, transport and logistics sectors. Fellow co-leader Pereira earns praise for his ‘deep legal knowledge’, including business deals in Portugal and Lusophone Africa.

Practice head(s):

José Diogo Horta Osório; Jorge Brito Pereira

Other key lawyers:

Lourenço Côrte-Real; Rui Bello da Silva; João Leite Carvalho


‘Our decision to work with JLegal, especially Diogo and Lourenço, is based on three main reasons: their knowledge of the matters, the agile team and their attention to detail. In a sector like ours, speed is important, but detail is even more relevant.’

‘Transparency and assertiveness.’

‘JLegal is a relatively recent and small firm, but with enormous technical/legal quality, especially because its main partners (Jorge Brito Pereira and Diogo Horta Osório) have enormous experience.’

Key clients


Transportes Paulo Duarte

Barraqueiro group

IAP – Investments & Holdings

JP Sá Couto

On Rising



Cordex SGPS

Blue Tagus

Nova Cimangola

Angola Cables



Nutrinveste Group

Medinfar Group

Pentafar Group

Future Healthcare

Blue Crow Capital

Ó Capital


A2E Engenharia

Casa Costa Freire

Arriaga & Bragança

Lisbon Roots

MA Universe

Ogando Campelo

Fortes Fortuna ADIUVAT




Sociedade Agrícola RioCaia

Monteiro & Dias Fernandes

Casa da Meada






Work highlights

  • Advising SAPEC on the negotiation of contractual instruments for the installation of Galp and Northvolt in the Sapec Bay industrial park, in Setúbal.
  • Assisting Barraqueiro Group – transportation with the purchase of 31.5% of the stake of the company ARRIVA in Grupo Barraqueiro.
  • Acting for Hertz in the sale of 90% of the share capital of HR Aluguer de Automóveis, SA (and, indirectly, of the respective subsidiaries) to AUTOHELLAS TOURIST AND TRADING SOCIETÉ ANONYME, SA.


The corporate and M&A group at MACEDO VITORINO excels in M&A, commercial contracts and regulatory matters in the telecoms, energy, infrastructure and manufacturing sectors, to name a few. A litany of domestic and multinational clients, including private equity houses, investment funds, family offices and multinational companies, turn to João Macedo Vitorino for his expertise in M&A, corporate and commercial law; he is a key contact for players from the telecoms and energy sectors. Vitorino oversees the practice with Susana Vieira, who is routinely instructed in due diligence for national and cross-border transactions, with a particular focus on the real estate sector.

Practice head(s):

João Macedo Vitorino; Susana Vieira

Other key lawyers:

Cláudia Fernandes Martins; Frederico Vidigal; João Silva

Key clients

Arjun Infrastructures Partners

Amber Infrastructure

White Summit Capital


Avis Budget EMEA Limited


Alive Business Consulting

Ibérica Kemya SL


Solaria Energía I Medio Ambiente

Alicac Group

Moiagest SGPS

Masmovil Ibercom and Lorca JV Co

Greystar Spain SL

Work highlights

  • Advising Arjun Infrastructures Partners in connection with its potential investment in Amarenco Solar Ltd.
  • Advising Amber Infrastructure on the acquisition of a minority stake in R. Power.

Miranda & Associados

Domestic and international clients, including a host of companies, financial institutions and private equity firms, recurrently turn to the ‘extremely professional’ team at Miranda & Associados handles a steady flow of transactions in the energy, IT, real estate, infrastructure and life sciences sectors. Diogo Xavier Da Cunha is regularly engaged by energy and natural resources clients in M&A. With over two decades of experience in corporate, commercial and M&A matters, Maria João Ribeira Mata leads the team alongside Cunha.

Practice head(s):

Diogo Xavier da Cunha; Maria João Mata

Other key lawyers:

Catarina Santinha


‘Miranda’s team has been extremely professional and careful.’

‘Catarina Santinha is extremely efficient. Maria João Mata has also been following the process from the beginning, with a lot of dedication and efficiency.’