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 > Capital markets

Clifford Chance impresses with its breadth of geographic and product coverage. Brazil, Mexico and Argentina have been especially good markets for the capital markets group, which is also active in Colombia, Peru, Central America (including Guatemala), and Paraguay; the firm’s substantial Sao Paulo office has helped to cement its standing in Brazil capital markets transactions. The team operates across the debt and equity spheres, notably in transactions involving sovereign, quasi-sovereign and corporate issuers. Historically, the practice centred on Brazil, but it has broadened out successfully in recent years, making particular progress in project and infrastructure bonds, private placements and structured derivatives. It has been at the forefront of infrastructure finance through the capital markets, most notably in Colombia’s 4G toll road programme, and in Argentina, Peru and Paraguay; in this instance the team works especially closely with the firm’s market leading project finance practice. Gianluca Bacchiocchi is widely regarded as one of the market leading forces in project bond financings. Clients include AES Gener, Bank of America Merrill Lynch, Corporación Andina de Fomento, Credit Suisse, Electrobras, Evercore, FibraHotel, HSBC Securities, Klabin Finance and Multibank. The firm has held a prominent position in the Fibra sector in Mexico over many years and in 2018 advised Goldman Sachs and Evercore on the pioneering $890m IPO of Mexican energy and infrastructure investment trust CFE FIBRA E. In the sovereign and quasi-sovereign space, the firm advised Credit Suisse, Deutsche Bank and JP Morgan, as joint lead managers, on the $2.5bn and $3bn notes offerings by the Republic of Ecuador. Additionally, it advised the underwriters on the $864m IPO of Hapvida, the Brazilian healthcare services company. The Latin America capital markets group provides ‘extraordinary services and commitment‘, ‘knows the market and makes things easier‘. It is made up of ‘modest lawyers despite their enormous experience‘ who ‘just want to close deals‘. Hugo Triaca is another key member of the team, operating across the capital markets segment, including in investment grade, high yield and hybrid securities. Co-head of the Americas capital markets practice Jonathan Zonis is a prolific adviser on Latin America capital markets issuances, including project bonds, sovereign bonds and high yield debt. Sao Paulo managing partner Anthony Oldfield is also key figure on Brazil company issuances and Jake Farquharson is an increasingly pivotal member of the team, notably in the Mexican Fibra segment; he is ‘a great securities lawyer with a lot of knowledge to handle very sophisticated work, his attention to detail is fantastic and he can work endless hours‘. Anand Saha is equally impressive, including in Brazil equity deals. Sao Paulo counsel Anja Pfleger Andrade is recommended for structured capital markets and derivatives and fellow Sao Paulo counsel Patrick Jackson continues to impress in capital markets and liability management transactions. Alejandro Camacho has retired from the partnership and is now senior counsel in the team.

United States > Finance > Project finance

Clifford Chance has a multi-faceted team that comes highly recommended for major international projects. The firm’s impressive network of offices, including those in Europe and Latin America, help make it a leading force in major Latin American infrastructure and energy projects. Much of that work is led by the US team, which is headed out of Washington DC by the highly rated Lori Ann Bean. The practice is especially strong on the lender side, but is also growing on the sponsor front, and has in the past year represented several clients on US development projects in the petrochemicals and manufacturing space. Other key individuals working in the capital include Fabricio Longhin  and Catherine McCarthy , who are well known for their Latin America expertise, as are Gianluca Bacchiocchi, Hugo Triaca, Chris Willott, and Guido Liniado in New York.

United States > Finance > Capital markets: high-yield

A significant player in cross-border deals, Clifford Chance leverages its generous global network to consistently advise international issuers and banks in multi-jurisdictional offerings, with a focus on Latin America. The New York-based team is also recognized for its expertise in the specialty finance arena and it frequently advises alternative lenders, business development companies and private equity funds on high-yield debt transactions. Additionally, its ability to draw on strong skill sets in structured finance and project finance, both in the US and beyond, is also a significant differentiator. Key contact Gary Brooks has a broad finance practice and acts on a significant volume of high-yield debt matters, primarily on the bank side. Hugo Triaca is noted for his strong presence in Latin America-related deals, with his recent experience spanning Colombia, Mexico and Peru. Jonathan Zonis co-heads the Americas capital markets practice and is also recommended.

United States > Finance > Capital markets: global offerings

Creative, practical and efficient’, the US arm of global powerhouse Clifford Chance ‘reacts to clients’ needs with efficiency’, according to sources. Equally adept at issuer and underwriter-side work, the group leverages its extensive global network to advise a wide range of US and non-US corporates and investment banks on high-profile issuances. A strong performer in Latin America-related offerings, the New York-based team is active across the region, with recent strong showings in Brazil, Colombia, Costa Rica and Ecuador, among other countries. Significantly, debt transactions remain the mainstay of the practice and it handles a broad mix of corporate and sovereign bond offerings. Other notable sweet spots include REIT and infrastructure-related matters. Key contact Jonathan Zonis co-heads the Americas capital markets practice and has an emphasis on representing issuers and underwriters in cross-border equity and debt offerings. Hugo Triaca ‘exceeds expectations’ and is also noted for his strong focus on Latin American offerings — he is dual-qualified in the US and Colombia. Jake Farquharson is recommended for his experience in real estate-related global offerings, including REITs and Mexican FIBRAs.