The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Latham & Watkins LLP

Manuel Deó

Work +34.91.791.5013
Latham & Watkins LLP

Work Department

Manuel Deó, Chair of the Corporate Department in Madrid, advises global private equity houses, infrastructure funds, and corporate clients on cross-border investments and transactions in Spain and Latin America, with a focus on infrastructure.

Mr. Deó regularly guides buyers, sellers, and investors through complex deals involving infrastructure projects and assets in the transportation, concessions, oil and gas, and energy sectors. He combines a commercially focused approach with a sophisticated understanding of cross-border infrastructure deals to help clients successfully navigate joint ventures, mergers, acquisitions, dispositions, and project financings in both Europe and Latin America.

Latin America: International firms

Corporate and M&A

Within: Corporate and M&A

The significant progress in Latin America M&A that¬†Latham & Watkins LLP has made since the 2018 arrival of Juan Pic√≥n (along with a team from¬†DLA Piper LLP), as Madrid-office managing partner and Latin America practice co-chair is another testimony to a charismatic figure, 'a legal titan', who passed away in June 2019. The team's arrival was followed by the recruitment of former Prime Minister of Spain¬†Jos√© Mar√≠a Aznar as a special adviser;¬† incredibly well connected in Latin America, his arrival has prompted a series of significant engagements from Spanish clients such as Telef√≥nica, which the practice advised on the $648m sale of Telef√≥nica M√≥viles Guatemala and Telef√≥nica M√≥viles El Salvador to Am√©rica M√≥vil; the deal was led by Pic√≥n and fellow co-chair of the Latin America practice Antonio Del Pino along with Madrid partner Jos√© Antonio S√°nchez-Dafos. The firm, including the Latin America practice, has a deep focus on energy and infrastructure, but it also has a strong emphasis on start-ups, growth businesses and tech companies. Mexico, Chile, Colombia and Central America are key markets for the practice. Showcasing its prominent capabilities in private equity, the practice group advised¬†Canada's Caisse de d√©p√īt et placement du Qu√©bec (CDPQ) and a consortium of Mexican institutional investors on their¬†$1.4bn¬† acquisition of the Mexican wind and solar assets of Italy-based Enel Green Power; this involved the first application in Mexico of the build, sell and operate model. Other highlights included advising Australia-based investment management company¬†IFM Investors on four major transactions -including its acquisition of¬† Spanish infrastructure company OHL Concesiones- and involved assets in Chile, Mexico, Peru, Colombia and Spain. Other clients include Sempra, Vista Oil & Gas, Andes Mining and Energy, Mexichem, Blackstone, Riverstone, Fermaca and Votorantim. Very professional and with a great customer service orientation', the team provides 'a good combination of legal knowledge with down to earth business-oriented acumen to provide solid advice'. It is 'flexible and willing to explore alternatives to facilitate business-driven decisions', and 'the knowledge shown by the partners and associates contributes greatly to the success in dealing with complex M&A transactions and sophisticated counterparties'. 'Smart, quick and a pleasure to work with', the aforementioned Antonio Del Pino is an 'outstanding lawyer and great adviser' who has 'excellent knowledge of the market and what it takes to get the deal through'. Other key partners include Madrid's¬†Manuel De√≥, who 'is very hands-on, extremely talented and business oriented', 'has a special ability to make deals happen', ' is a trusted adviser instead of mere lawyer' and 'is one of the big hitters in the Spanish private equity market'. Co-chair of the oil-and-gas group Christopher Cross and Thomas Malone are also highly rated. Named partners are based in New York unless stated otherwise.

[back to top]


Commercial, corporate and M&A

Within: Commercial, corporate and M&A

Latham & Watkins LLP¬†is 'very well coordinated internally', and provides 'extremely good client care, attention and responsiveness across its international offices'. In addition to numerous private equity deals, it handled¬†the ‚ā¨2.8bn¬†acquisition¬†of OHL Concesiones on behalf of the buyer,¬†IFM Investors. The lead partner on the matter was¬†Manuel De√≥, who¬†is 'an extremely bright lawyer, understands the business issues at stake and is resourceful'.¬†Jos√© S√°nchez-Dafos¬†and¬†Ignacio Pallar√©s¬†are also recommended.¬†Ignacio Bala√Ī√°¬†left to join Deloitte Legal¬†in September 2017 and former office managing partner¬†Jos√© Luis Blanco retired at the end of 2017. The position was taken over by Juan Pic√≥n.

[back to top]

Back to index

Legal Developments in Spain

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to