Mr Jake Farquharson > Clifford Chance > New York, United States > Lawyer Profile
Clifford Chance Offices
31 WEST 52ND STREET
NEW YORK, NY 10019-6131
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Mr Jake Farquharson
Jake Farquharson focuses primarily on domestic and international capital markets transactions, mergers and acquisitions, joint ventures and other corporate finance and general corporate transactions. Jake represents sponsors, issuers and investment banks in their public and private capital raising activities. He advises clients across a range of industries, including real estate and real estate investment trusts (REITs), FIBRAs, specialty finance, energy, infrastructure and hospitality. Since 2010, Jake has participated in more than US$8 billion of capital raising transactions, including IPOs, follow-on equity and debt offerings, pre-IPO financings, 144A and Regulation S offerings and other private placements.
Northeastern University School of Law (JD), 2002; Northeastern University (MBA), 2002; Tufts University (BA), 1997
Latin America: International firms > Capital marketsWithin: Next Generation Partners -
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 > Capital markets: global offerings
Well known in the international capital markets, Clifford Chance’s generous global network generates a steady stream of cross-border deals for both issuers and managers, with notable expertise in the REIT and infrastructure spheres. The New York-based group significantly stepped up its activity in Latin America in 2018, with its recent experience spanning Mexico, Ecuador, Colombia and Brazil, among other jurisdictions. Recent highlights included Jonathan Zonis, who co-heads the Americas capital markets practice, advising Barclays Bank, Deutsche Bank Securities and HSBC Securities (USA) as underwriters on CAF – Development Bank of Latin America’s $1bn notes offering. On the equity front, Jake Farquharson acted alongside the tax department to advise the underwriters on the $890m IPO of CFE Fibra E, a Mexican energy and infrastructure investment trust. Hugo Triaca, who recently arrived from Skadden, Arps, Slate, Meagher & Flom LLP, is noted for his ‘deep and broad understanding of the Latin American region’.
United States > Finance > Capital markets: equity offerings
Clifford Chance’s New York-based practice, which is weighted towards underwriter-side work, excels in REIT-related offerings in line with its signature strength. The firm’s premier cross-border capability also marks it as ‘a leader in coordinating global offerings’. In a deal that showcases both of its sweet spots, Jason Myers and department co-chair Kathleen Werner advised the underwriters on China-headquartered HNA Tourism Group’s secondary offering of common stock of Park Hotels & Resorts. In another multi-jurisdictional highlight, Jake Farquharson advised the underwriters on the $890m IPO of Mexican energy and infrastructure investment trust, CFE Fibra E, which marked the first Fibra E securities to be sold in the US and international capital markets. Jonathan Zonis co-heads a department that also includes the ‘exceptionally strategic’ Hugo Triaca, who recently joined from Skadden, Arps, Slate, Meagher & Flom LLP.
United States > Real estate > Real estate investment trusts (REITs)Within: Next Generation Partners -
Clifford Chance‘s REIT team in New York brings together a cross-section of lawyers from the real estate, capital markets, M&A, funds, governance, regulatory, finance and tax practices; it has experience in the US and international markets, with notable clients including Apollo Commercial Real Estate Finance, Colony NorthStar, ReNew REIT and Corporate Property Associates 17 – Global. REITs practice leader Jay Bernstein, US tax, pensions and employment practice tax head Richard Catalano, Jason Myers, Larry Medvinsky and Clifford Cone acted for CNL Financial Group, a private investment management firm, in both the formation of an externally managed non-traded company, CNL Strategic Capital (the company), and the company’s IPO; and co-head of the US capital markets practice Kathleen Werner and Catalano led advice to Corporate Property Associates 17 – Global, a publicly held non-traded REIT, on its merger with WP Carey, a large, diversified net-lease REIT. Andrew Epstein and Jake Farquharson are also highly rated; Steven Mastrovich, former managing director of three major investment banks, joined as counsel.
- Next Generation Partners - United States > Real estate > Real estate investment trusts (REITs)
- Real estate investment trusts (REITs) - United States > Real estate
- Capital markets: global offerings - United States > Finance
- Capital markets: equity offerings - United States > Finance
Top Tier Firm Rankings
- Tax > Financial products
- Investment fund formation and management > Alternative/hedge funds
- Industry focus > Transport: rail and road - finance
- Industry focus > Transport: shipping - finance
- Real estate > Real estate investment trusts (REITs)
- Industry focus > Transport: aviation and air travel - finance
- Media, technology and telecoms > Fintech
- Finance > Structured finance: securitization
- Finance > Capital markets: global offerings
- Dispute resolution > Corporate investigations and white-collar criminal defense
- Industry focus > Insurance: non-contentious
- Tax > International tax
- Finance > Structured finance: derivatives and structured products
- Tax > US taxes: non-contentious
- Finance > Capital markets: equity offerings
- Finance > Capital markets: high-yield debt offerings
- Media, technology and telecoms > Cyber law (including data privacy and data protection)
- Industry focus > Energy: renewable/alternative power
- Dispute resolution > International arbitration
- Dispute resolution > International trade
- Investment fund formation and management > Private equity funds (including venture capital)
- Real estate > Real estate
- Dispute resolution > Securities litigation - defense
- Labor and employment > Employee benefits, executive compensation and retirement plans: transactional
- M&A/corporate and commercial > M&A: large deals ($1bn+)
- Finance > Project finance