SergioCires

Associate

Madrid + 34.91.520.3939

Sergio Cires has more than 10 years of experience in the areas of banking, project, and acquisition finance with a particular focus on energy and infrastructure projects involving public-private partnerships (PPPs). He represents domestic and international financial entities, equity funds, debt funds, and corporations in project, leveraged, acquisition, real estate, corporate, and asset-backed finance as well as debt restructurings and refinancings. He has extensive experience working on cross-border transactions in Europe and Latin America.

Recent significant transactions include the representation of Portobello Capital in the acquisition financing of a group of several companies operating in the sanitary sector throughout Spain; several transactions in the infrastructure and renewable energy sectors such as the representation of the Toledo Hospital consortium in the financing of the construction, maintenance, and exploitation of the Toledo University Hospital in Spain; advising Sacyr, Valoriza Conservación de Infraestructuras, and Marguerite Silver in connection with the refinancing, through a bond issuance listed in Frankfurt, of the Arlanzón highway project in Spain; and the representation of a syndicate of financial entities in the refinancing of a €293.1 million debt granted for the construction, maintenance, and exploitation of a 49.9 MW thermal solar plant located in Cordoba, Spain.

Sergio is coordinator of Jones Day Madrid's pro bono practice. He also collaborates with IE Business School, University of Navarra (UNAV) and teaches a course on project finance at ISDE (Madrid).

Experience

  • Enel Green Power España finances wind park in municipality of Fuendetodos (Zaragoza, Spain)Jones Day provided legal advice to Enel Green Power España in connection with a €20 million bridge loan and subsequent circa €17.5 million project financing of a 23.93 MW wind park located in the municipality of Fuendetodos (Zaragoza, Spain).
  • CBRE Global Investors disposes of Spanish logistics portfolio to BankinterJones Day advised CBRE Global Investors, on behalf of its value-add fund European Value Partners (EVP 2), and its joint venture partner Valfondo (a developer and manager of Montepino logistics assets in Spain) on the sale to Bankinter of a portfolio of 22 Spanish logistics assets, totaling 865,000 sqm, together with a development pipeline of a further 13 logistics assets.
  • Banco Santander provides bridge financing to subsidiary of OPT/Bruc groups for acquisition of certain photovoltaic projects in SpainJones Day provided legal advice to Banco Santander, S.A. in connection with the bridge financing granted to a subsidiary of OPT/Bruc groups to acquire certain photovoltaic projects in Spain.
  • Aberdeen refinances current financial debt in connection with concession of public building in Seville, Andalusia, SpainJones Day advised Aberdeen, as sponsor, in the refinancing of its current financial debt granted in connection with the concession of a public building located in Seville, Andalusia, Spain.
  • Portobello Capital acquires BT España Compañía de Servicios Globales de Telecomunicaciones, S.A.U.Jones Day advised Portobello Capital Gestion SA SGEIC in the acquisition and related financing of the Spanish company BT España Compañía de Servicios Globales de Telecomunicaciones, S.A.U., whose primary activity is the provision of telecommunication services.
  • Sacyr Concesiones S.L. obtains $451.5 million project financing for Colombian toll road projectJones Day represented Sacyr Concesiones S.L., as sponsor, Unión Vial Río Pamplonita S.A.S., as concessionaire, and Fideicomiso Unión Vial Río Pamplonita S.A.S., as borrower, in connection with a $451.5 million long-term project financing, consisting of a U.S. dollar tranche and Colombian Peso debt tranches, provided by a syndicate of major financial institutions led by Deutsche Bank AG, New York Branch and JPMorgan Chase Bank, N.A.
  • Infrastructure fund advised regarding bids for shadow toll roads and other infrastructure assetsJones Day advised infrastructure fund in connection with bids for shadow toll roads and other infrastructure assets.
  • Spanish financial entity provides financing for 50 MW solar plant located in Andalucia, SpainJones Day provided advice to a Spanish financial entity in connection with the financing of a 50 MW solar plant located in Andalucia, Spain developed by a Spanish promoter.
  • Aberdeen Infrastructure acquires 47.5% of Autopista del Guadalmedina, Concesionaria Española, S.A.U.Jones Day advised Aberdeen Infrastructure (HoldCo) B.V. in the acquisition of 47.5% of the share capital and related financing of the Spanish company Autopista del Guadalmedina, Concesionaria Española, S.A.U., the concessionaire that manages the Guadalmedina highway (AP-46 Málaga – Las Pedrizas).
  • Banco de Sabadell provides financing for construction and operation of two photovoltaic solar plants in BadajozJones Day provided legal advice to Banco de Sabadell, S.A. in connection with the structuring and implementation of the financing for the construction and entry into operation of two photovoltaic solar plants of 50 MW of nominal power each and its corresponding evacuation infrastructure located in Badajoz.
  • Concesionaria Vial Union del Sur, Patrimonio Autonomo Union del Sur, Sacyr Concesiones S.L., and Herdoiza Crespo Construcciones obtain $575 million term financingJones Day represented Concesionaria Vial Union del Sur, as concessionaire, Patrimonio Autonomo Union del Sur, as borrower, and Sacyr Concesiones S.L. and Herdoiza Crespo Construcciones S.A., as sponsors, in connection with a $575 million long term financing to, among other things, repay a bridge loan facility and fund design, construction, operation and maintenance costs for a toll road in Colombia between the cities of Pasto and Ipiales, near the Rumichaca border crossing to Ecuador.
  • BNP Paribas provides advice to SPV owned by ENGIE for financing construction of 50MW photovoltaic solar plant in SpainJones Day provided legal advice to BNP Paribas in connection with the financing granted to a SPV entirely owned by the ENGIE Group that will construct, develop, and exploit a photovoltaic solar plant of 50MW of nominal installed capacity to be located in the south of Spain.
  • Syndicate of banks partially finance acquisition of Frías Nutrición, S.A. by Alantra Private Equity FundJones Day advised a syndicate of banks on the partial financing of the acquisition price of Frías Nutrición, S.A. by Alantra Private Equity Fund. Frías Nutrición, S.A. is a producer and marketer of food products and vegetable beverages, broths, and creams.
  • Société Générale-led syndicate provides €680 million corporate debt financing in favor of Urbaser, S.A.U.Jones Day advised Société Générale, S.A., as agent, and a syndicate of lenders in connection with the novation of a €680 million (US$774.6 million) corporate debt financing granted in favor of Urbaser, S.A.U., a waste management company.
  • Teyma Group obtains $45 million financing from Newfoundland Capital ManagementJones Day represented Teyma Sociedad de Inversion, S.A. and certain other subsidiaries of Abengoa S.A. in Uruguay ("Teyma Group") in connection with a $45 million financing provided by Newfoundland Capital Management to fund the purchase of the Teyma Group's outstanding financial debt and provide additional liquidity to the Abengoa Group for the development of current and future projects in Uruguay.
  • Sacyr Group obtains financing of up to €43 million (US$48.8 million) for construction of extension of public works concession agreementJones Day provided legal advice in connection with the €43 million (US$48.8 million) project financing for the construction of Phase II of a public works concession agreement.
  • Spanish bank provides €586 million financing for acquisition of almost 56 percent shares of Itinere InfraestructurasJones Day advised a Spanish bank, as lender, in connection with the €586 million (US$672.7 million) financing of the acquisition price of almost fifty-six percent of the shares of Itinere Infraestructuras, S.A., a major Spanish infrastructure management company, provided to an SPV (Global Rail Sur, S.L.) owned by Globalvía Inversiones, S.A.U.
  • Sacyr and HCC sponsor Rumichaca-Pasto road project in ColombiaJones Day represented Sacyr S.A. and Herdoiza Crespo Construcciones S.A., as sponsors, in connection with a bridge loan financing for the Rumichaca-Pasto road project located in Colombia.
  • CBRE Global Investment Partners acquires 6,458-unit portfolio of Spanish residential properties for €870 millionJones Day advised CBRE Global Investment Partners in connection with its acquisition of a 6,458-unit portfolio of Spanish residential properties valued at €870 million.
  • Alantra Private Equity acquires majority stake in Unión MartínJones Day represented Alantra Private Equity in connection with its acquisition of a majority stake of the Spanish company Unión Martín, S.L., whose primary activity is the production and distribution of sea products.
  • Speaking Engagements

    • 21 noviembre, 2017
      El futuro de los PPAs en España