Mr Hugo Triaca > Clifford Chance > New York, United States > Lawyer Profile

Clifford Chance
31 WEST 52ND STREET
NEW YORK, NY 10019-6131
United States

Work Department

Capital Markets

Position

Hugo Triaca specialises in equity offerings, high-yield and investment grade debt offerings, hybrid securities transactions, liability management transactions such as exchange offers and debt tender offers, acquisition financings and other corporate transactions.

Mr. Triaca also advises foreign private issuers in connection with corporate governance, U.S. securities laws and general corporate matters.

Education

Columbia University School of Law (LL.M.) 2003, University of Buenos Aires School of Law (J.D. Honors Diploma) 1999

Lawyer Rankings

Latin America: International firms > Projects and energy

Clifford Chance has been a dominant force in Latin America projects and energy for some years now, having leveraged its tight links to investment and commercial banks, development finance institutions (DFIs) and agency lenders, and a range of sponsors. The firm has particularly strong connections to the likes of IDB Invest and Goldman Sachs. It has also been at the forefront of project bonds and multi-source financings, though the recent departures of Gianluca Bacchiocchi and Guido Liniado represent a blow to this side of the practice. Despite this, it continues to receive engagements in private placement financings and refinancing. The firm has impressive deal flow in most of the major economies in Latin America, including Brazil, Colombia and Mexico, along with a tremendous record in smaller markets such as Honduras, El Salvador and Guatemala. Fabricio Longhin is at the forefront of infrastructure financings and PPPs, most notably in Colombia, Peru, Paraguay and other jurisdictions, while remaining active in renewable energy financings in Chile and elsewhere. Lori Ann Bean is key to agency and DFI relationships, including IDB Invest and IFC. Catherine McCarthy  is also key to connections with multilateral agencies and export credit agencies (ECAs), along with a number of commercial banks. New York’s Hugo Triaca is key for bond and private placement financings; while both Jessica Springsteen (who made partner in May 2021) and counsel Alberto Haito, continue to impress. However, New York-based Chris Willott, who focuses on Brazil project financings, left in August 2021. All named individuals are based in Washington DC unless stated otherwise.

Latin America: International firms > Capital markets

Clifford Chance is a strong player in Brazil equity deals thanks to its sizeable Sao Paulo office, while having strong presence in high-yield debt, hybrid securities and sovereign offerings across the region. Debt restructurings and refinancings are another forte for the team. It represents a wealth of Latin American issuers and a number of key banks as underwriters. It has a particularly strong record in offerings by financial institutions. Jonathan Zonis leads the Latin America practice and is co-head of the Americas capital markets group, having a strong record in corporate and sovereign offerings. Hugo Triaca has emerged as a pivotal member of the team, working on a range of equity and debt offerings in multiple Latin American jurisdictions. Anand Saha is noted for equity, debt and liability management transactions, especially those originating in Brazil. Sao Paulo managing partner Anthony Oldfield provides further senior level gravitas on headline and big-ticket Brazil offerings, frequently acting for both issuers and underwriters. Sao Paulo counsels Patrick Jackson and Anja Pfleger Andrade also provide further senior expertise on multiple Brazil deals, while associate Mariana Estévez also impresses. Gianluca Bacchiocchi and Guido Liniado have left the firm. All named individuals are based in New York unless stated otherwise. Since publication, Jackson has been raised to the partnership – effective as of May 2022.

United States > Industry focus > Energy: renewable/alternative power

Clifford Chance undertakes a variety of transactional work in the alternative energy space, but is perhaps best known for its involvement in the financing of renewable energy projects across the United States. The firm is a popular destination among US-based investment banks active in the Latin American energy sector, and is also often engaged in multilateral and export credit agency financings in LATAM and Africa. Department head Lori Bean, who is based in Washington DC, and is counsel of choice for numerous commercial banks and institutional investors in the development of renewable energy projects. She receives key support from Fabricio Longhin , who also works out of DC, and advises on all aspects of project development, concession contracts and financing matters. Hugo Triaca  in New York is particularly noted for his experience in equity and debt offerings, and corporate governance.

United States > Finance > Capital markets: debt offerings

Clifford Chance operates a broad-based practice covering investment grade, high-yield, covered bonds, project bonds and other capital markets transactions. The firm is particularly known for offerings by REITs and Latin American entities, including sovereign and sub-sovereign issuers. Closed end fund offerings and debt restructuring exercises are also fortes for the team. Andrew Epstein is an experienced figure in debt offerings by REITs, along with co-head of the department Kathleen Werner. Fellow co-head Jonathan Zonis and Hugo Triaca are key names in Latin America transactions, including sovereign bond offerings. Larry Medvinsky and Per Chilstrom have both left the firm.

United States > Finance > Capital markets: high-yield debt offerings

Clifford Chance has a healthy mix of issuer and underwriter engagements, being noted especially for real estate, specialty finance and Latin America deals. The firm has gained further recognition for ESG, green and sustainability-linked offerings, along with debt restructuring-related transactions. Gary Brooks  is a prominent name in high-yield debt and leveraged finance, and has strong connections to underwriters. Jonathan Zonis  and Hugo Triaca  are also rated for high-yield debt deals originating in Latin America.

United States > Finance > Capital markets: global offerings

(Next Generation Partners)

Hugo TriacaClifford Chance

United States > Finance > Capital markets: equity offerings

Clifford Chance continues to be recognised for its prominence in REIT and Latin America offerings. Its global standing makes it especially well-equipped to handle US offerings by overseas issuers. It is also prominent in closed-end fund offerings in the US market; it advised BofA Securities as lead underwriter, on the IPO of BlackRock Capital Allocation Trust, a registered closed-end fund. Andrew Epstein and Kathleen Werner  are leading figures in REIT offerings, including equity REITs and mortgage REITs, along with SPAC IPOs. Jonathan Zonis  is co-head of Americas capital markets and is noted for Latin America offerings and issuances from other parts of the globe, while Hugo Triaca  is another key name for Latin America offerings. Clifford Cone  is closely associated with fund offerings. All named individuals are based in New York.