SergioCires

Associate

(T) 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 (PPP). 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

  • 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.
  • 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.
  • Terminal Portuario Paracas obtains $183 million long term financing for port expansion in Pisco, PeruJones Day represented Terminal Portuario Paracas S.A., as concessionaire, and Servinoga S.L, Pattac Empreendimentos e Participações S.A., and Tucumann Engenharia e Empreendimentos Ltda., as sponsors, in connection with a $183 million long term financing to fund construction costs relating to the expansion of the Pisco port in Peru.
  • Spanish construction and services company Sacyr and Marguerite Fund refinance one of its Spanish road infrastructure assetsJones Day provided legal advice to 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 located in Spain.
  • CBRE Global Investors and Montepino form joint venture to develop portfolio of prime assets in core locations in SpainJones Day advised CBRE Global Investors in its formation of a joint venture with Montepino to develop a portfolio of prime assets in core locations in Spain.
  • Ferro acquires Endeka CeramicsJones Day represented Ferro Corporation, a leading global supplier of technology-based performance materials, in connection with its acquisition of Endeka Group, a global producer of high-value coatings and key raw materials for the ceramic tile market.
  • Investcorp sells Esmalglass to Lone Star for €605 million (US$695 million)Jones Day advised Investcorp, a leading provider and manager of alternative investment products, in the €605 million (US$695 million) sale of Esmalglass, a leading producer of ceramic colors and glazes, to Lone Star.
  • Syndicate of financial entities refinances debt for construction of thermal solar plant in Fuente Palmera, Guadalcázar, and Almodóvar del Río (Cordoba), Andalusia, SpainJones Day advised a syndicate of seven (7) financial entities (among which BBVA acts as Agent) in connection with the refinancing of a debt of maximum €293.1 million granted for the construction, maintenance, and exploitation of a thermal solar plant of 49,9 MW of nominal installed power (together with the evacuation infrastructures), located in the municipalities of Fuente Palmera, Guadalcázar, and Almodóvar del Río (Cordoba), Andalusia, Spain (the "Plant").
  • CB Richard Ellis acquires interest in H2O Rivas Shopping Centre in MadridJones Day advised CB Richard Ellis Real Estate Group Services Inc. in its acquisition of an interest in the H2O Rivas Shopping Centre in Madrid, Spain.
  • Toledo Hospital consortium obtains financing for Toledo University Hospital project in SpainJones Day represented a Toledo Hospital consortium in connection with the financing of the construction, maintenance, and exploitation of the Toledo University Hospital in Spain.
  • Portobello Capital acquires Centauro Rent a Car and Nordic BusJones Day represented Portobello Capital Gestion SA SGEIC in connection with its acquisition of 100% of the Spanish companies Centauro Rent a Car, S.L. Unipersonal and Nordic Bus, S.L. Unipersonal, car hire and bus hire companies, respectively.
  • CaixaBank provides $24 million financing to Himoinsa Power Systems for acquisition of new premises in Olathe, KansasJones Day represented CaixaBank, S.A. in connection with its new secured credit facilities provided to Himoinsa Power Systems Inc. for the acquisition of new premises located in Olathe, Kansas.
  • Banco de Sabadell and Caixabank refinance ten wind parks in SpainJones Day represented Banco de Sabadell, S.A. and Caixabank, S.A. in the refinancing of ten wind parks located in Spain, sponsored by Eolia Renovables.
  • Speaking Engagements

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