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Latham & Watkins LLP

Christopher Cross

Tel:
Work 2129061321
Email:
Web:
www.lw.com
Latham & Watkins LLP

Work Department

Christopher Cross is a partner in the New York office of Latham & Watkins. Mr. Cross is a corporate and finance transactional lawyer and is Co-chair of the Energy, Oil & Gas Industry Group. He is also a member of the Africa, Latin America, Mergers & Acquisitions, Private Equity, and Project Finance Practices. Mr. Cross represents companies, government institutions, sovereign and private equity funds, and lenders in international joint venture, acquisition, project development and financing transactions, primarily in the energy, extractive industry and infrastructure sectors. Mr. Cross has executed transactions in more than 30 developing markets in addition to the core Americas, European and Asian markets.

Position

Corporate Partner

Career

http://www.lw.com/people/christopher-cross


Latin America: International firms

Banking and finance

Within: Banking and finance

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

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Corporate and M&A

Within: Corporate and M&A

Latham & Watkins LLP reinforced its Latin America M&A credentials with the hire of Juan Picón, Ignacio Gómez-Sancha and José Antonio Sánchez-Dafos to its Madrid office from DLA Piper LLP (US). Picón, who was global co-chair at his former firm, and the other new partners, share a longstanding focus on Latin America, representing both Spanish clients with interests in the region as well as a number of multinational Latin American companies. More broadly, the firm is consistently active in Latin America M&A and private equity investments, most notably in the energy and infrastructure sectors. Mexico is its primary market, followed by other key jurisdictions such as Argentina, Chile and Colombia, and is client roster includes Andes Mining & Energy, Ashmore Management, Carlyle, Fermaca Global, Grupo Aval, Linzor Capital Partners, Oaktree Capital, Mexichem and Sempra Energy. The practice recently advised IFM Global Infrastructure Fund on the $935m tender offer by Magenta Infraestructura (its joint venture with OHL Concesiones), to acquire shares in Mexico-based transport-infrastructure operator OHL Mexico; and also assisted Caisse de Depot et Placement du Quebec with its acquisition of an 80% stake in Enel Green Power’s Mexico-based portfolio of wind and solar assets. Latin America-practice co-chair Antonio Del Pino is a top name in regional M&A, while Thomas Malone has longstanding experience in Mexico. Co-chair of the energy, oil and gas industry group Christopher Cross is also noted for Mexico energy transactions while Madrid-based Ignacio Pallarés is recommended for deals across the region. All partners are New York-based unless stated otherwise.

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Projects and energy

Within: Projects and energy

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

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United States: Industry focus

Energy transactions: conventional power

Within: Energy transactions: conventional power

Latham & Watkins LLPoffers a very high level of service across multi-disciplines’, with Los Angeles-based Jeffrey Greenberg singled out as ‘a top option for project finance deals’; Greenberg and New York-based Christopher Cross advised AES on a private placement, construction loan and liquidity facilities relating to the AES Southland Energy Project in Arizona and California. On the M&A side, recent big-ticket mandates include New York-based co-chair David Kurzweil acting for Energy Capital on the $17bn acquisition of Calpine. Other recommended practitioners in New York are Jonathan Rod, who has ‘unparalleled capital markets execution experience’, and Paul Kukish. Washington DC-based David Schwartz co-chairs the practice. Eli Hunt joined Simpson Thacher & Bartlett LLP in March 2018.

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Energy transactions: oil and gas

Within: Energy transactions: oil and gas

Latham & Watkins LLP is probably best known for its dominant corporate practice, with master limited partnerships a particular strength. Examples of high-value M&A work included Ryan Maierson acting for Energy Transfer on the $21.3bn sale of the company to Sunoco Logistics, and well-regarded practice co-head Sean Wheeler assisting Ensco with its $860m acquisition of Atwood Oceanics. Other key figures in the ‘very strong’ Houston office are ‘highly experienced upstream lawyerRobin Fredrickson, who advised Anadarko Petroleum on the $2.3bn sale of its Eagle Ford Shale assets to Sanchez Energy and Blackstone Group, and the ‘very talentedStephen Szalkowski. The practice is co-led from New York by Christopher Cross, who was active in the midstream M&A and financing space for clients such as Energy Transfer.

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