Banking and Finance Corporate / M&A - CMS Law

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Banking and Finance Corporate / M&A - CMS Law
Banking and Finance
Corporate / M&A

2019
Banking and Finance Corporate / M&A - CMS Law
Contents
  3   Introduction

  4   About us

  8   Banking and Finance

 14   Corporate / M&A

 19   Contacts
Banking and Finance Corporate / M&A - CMS Law
Introduction
Introduction
Ranked as a Top ten Global Law Firm, CMS can work for you in 41
countries and with 73 offices worldwide. More than 4,500 CMS
lawyers offer you business-focused advice tailored to your needs,
whether in your local market or across multiple jurisdictions.

Your World First
‘Your World First’ is our promise to you. This means we are client-centric, have a global vision and are
performance driven.

Client-centric: Being immersed in the industry          Performance driven: CMS takes pride in
sectors our clients operate in is at the heart of       first-class execution and project management –
what we do. Our business is structured according        we deliver results, not just opinions. This approach
to our clients’ industries, delivering technically      to service delivery is the same everywhere, based
excellent lawyers who talk your language.               on a commontraining programme and a shared
                                                        understanding of what our clients value.
Our added value services are intended to make
our clients’ lives easier. We provide services such     All CMS lawyers are focused on providing quality
as Law-Now, which provides practical and timely         advice and quality service. We recruit, value and
knowledge relevant to your business, and                nurture top talent and through regular,
webinars that provide training at your desk.            independent       evaluations,      we     identify
                                                        opportunities to make improvements in our
Global vision: We have deep local expertise in          service and feed this back to our lawyers.
many jurisdictions, with an understanding of
global trends that is supported by knowledge
sharing across CMS. We have a track record of
expanding to meet client needs, allowing
multinationals to manage global or regional
projects through a single point of contact, or
connecting them with on-the-ground support in
new target markets.

                                                                                                               3
Banking and Finance Corporate / M&A - CMS Law
About us

            CMS Grau
            CMS Grau is one of the most
            important law firms in Peru with
            more than 80 years of experience
            oriented to provide integral
            legal advice.

            Our team of specialized professionals
            offer innovative solutions with
            measurable results according to
            our clients’ needs.

            Our philosophy involves the
            commitment with our clients to
            provide effective and high
            quality legal service.

                          A merger at the start of 2017 with
                          international firm CMS is the latest
                          – and perhaps most convincing –
                          indication that Grau Abogados is
                          becoming a truly outward-looking
                          and modern firm.

                                             Latin Lawyer 2018

           4 | CMS Grau
Banking and Finance Corporate / M&A - CMS Law
About us
Recognitions
Each year CMS Grau is listed on different
international publications as leading law firm
in several practice areas and our lawyers are
recognized as experts in their fields.

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            LATIN AMERICA

                                                  5
Banking and Finance Corporate / M&A - CMS Law
About us

                     Our practice areas and sectors
                     We have 21 practice areas and sectors, and a team of more than 100 lawyers, who
                     interact to cover our clients´ needs in an efficient and integrated manner.

                          Aviation
                          Banking & Finance

                          Bankruptcy & Restructuring

                          Competition & EU

                          Compliance

                          Consumer Products
                          Corporate / M&A

                          Dispute Resolution

                          Employment & Pensions

                          Energy: Electricity, Oil & Gas

                          Environmental Law

                          Hotels & Leisure

                          Infrastructure & Projects

                          Insurance

                          Intellectual Property

                          Life Sciences & Healthcare

                          Mining

                          Public Procurement & Administrative Law

                          Real Estate & Construction

                          Tax

                          TMC - Technology, Media & Communications

           6 | CMS Grau
Banking and Finance Corporate / M&A - CMS Law
CMS Grau has a solid full service offer,
with energy, corporate and finance key
areas, as well as a recently expanded
tax practice. Clients line up to praise
the service they receive.

                        Latin Lawyer 2018
Banking and Finance Corporate / M&A - CMS Law
Banking and Finance

                        Banking and Finance
                        At CMS Grau we know the dynamics that exist in the area of Banking and Finance
                        both locally and internationally, covering the full spectrum of banking, financial,
                        regulatory and capital market matters.

                        Our practice covers various types of financing and we       Grau we have extensive experience in all sectors and
                        are mainly active in project finance, syndicated loans,     especially in natural resources, agribusiness, retail and
                        issuance and placement of debt securities and debt          projects.
                        securitization.
                                                                                    Globally, we have a team of more than 500 specialized
                        We have advised local and foreign financial institutions,   lawyers, which allows us to provide advice on
                        international organizations, investment funds, private      international transactions in a coordinated and effective
                        and public investors, local and foreign companies, and      manner.
                        the Peruvian government, acquizing us experience from
                        different positions in a transaction, whether as            Our goal is to provide clients with practical advice with
                        borrowers or lenders, structuring agents or issuers.        a sector-wide vision delivered by a multidisciplinary
                                                                                    team.
                        Today's banking and financial transactions require not
                        only a global but also a sector focused approach. A CMS

                      8 | CMS Grau
Banking and Finance Corporate / M&A - CMS Law
Banking and Finance
Understanding
your business
Our multi-disciplinary team is
comprised of experts from all
practice areas and sectors.

This provides us with an understanding of the specific
problems of each transaction and allows us to provide you
with expert advice, identifying the real risks of the transaction
and offering practical solutions to them.

Capital Markets
—   issue of debt instruments
—   IPOs
—   issue and placement of securities
—   advisory on Capital Markets
—   securitization and trust funds
—   investment funds

Baking and Finance
—   swaps
—   lending and leasing
—   syndicated Loans
—   structured finance and project financing
—   financial derivatives
—   bank trusts

         Clients report: "The service has been
         excellent. The professionals that advise
         us have always demonstrated technical
         prowess, commercial experience, agility
         and attentive service. They always add
         value."

                        Chambers Latin America 2019

                                                                    9
Banking and Finance Corporate / M&A - CMS Law
Experience

10 | CMS Grau
Financing Experience

    Energy / Oil & Gas                                               Mining

 Enagás Internacional                                Antamina
 Advising on the financing of the Peruvian           Advising to obtain financing for their project
 Southern Gas Pipeline (GSP), in a project           and subsequent refinancing for amounts
 finance of more than US$ 7,000MM.                   in excess of US$ 2,000MM.

 CAF and DEG                                         Silver Wheaton
 Advising the Andean Development                     Advising on offtake financing for the Hudbay
 Corporation and DEG on the financing of             Group for the construction and implementation
 a hydroelectric plant, in a project finance of      of the Constancia Project for an approximate
 more than US$ 120MM.                                amount of US$ 600MM.

 Empresa Eléctrica Agua Azul                         Tahoe Resources
 Advising on the financing of the El Potrero         Advising on the financing for the acquisition
 Hydroelectric Power Plant and the associated        of a revolving credit for US$ 150MM and
 transmission line
 transmission line in
                   in aa project
                         project finance
                                 finance for
                                         for         the granting of the respective guarantees
 more  than
 more than  US$  50MM.                               at the Peruvian subsidiary level.

 DEG                                                 Río Tinto Mining Exploration
 Advising on the financing of the RER                Advising on the creation and updating of
 Hydroelectric Power Plant, a project                guarantees to ensure a credit of
 of over US$ 50MM.                                   US$ 21.5MM and a 1% Net Smelter
                                                     Return Royalty and advising on the negotiation
                                                     and closing of the second tier guarantees
                                                     in favor of Macquarie Bank Limited, for the
                                                     financing of the development of said project
                                                     for the amount of up to US$ 100MM.

 Central Hidroeléctrica Langui
 Advising on the negotiation of a loan granted
 by CAF to finance the expansion of the electrical
 infrastructure of Langui power plant and
 in the process of granting guarantees within
 the framework of this financing.

                                                                                                      11
Compliance

                     Experience in Financing

                                      Infrastructure                                     Agro-industry

                             KfW                                                 Rabobank
                             Advising on the structuring of a loan               Advising on the financing of a loan granted
                             granted to a public company for                     to an agro-industrial company for an
                             more than US$ 50MM.                                 amount of US$ 28MM.

                             Estacionamiento Rivera Navarrete                    Proparco
                             Advising on the design, negotiation and             Advising on the granting of a loan to the
                             closing of the financing granted by                 Inter-American Bank of Finance for
                             Interbank for an approximate amount                 an amount of US$ 20MM.
                             of US$ 35MM in the first project finance
                             related to the construction of underground
                             parking lots in Lima.

                             IFC and IDB                                         Agrícola La Venta
                             Advising International Finance Corporation and      Advising on diverse financing for amounts
                             Inter-American Development Bank on the              over US$ 10MM.
                             granting of a loan in favor of Norvial
                             S.A. for an amount of US$ 35MM.

                             MEF
                             Advising the Ministry of Economy and Finance
                             on the offer and placement of sovereign
                             bonds for more than US$ 600MM.

                             Grupo Andina
                             Advising Cosmos (member of the group) in
                             the negotiation of guarantees with a foreign
                             investor and international financial institutions
                             in the framework of the granting of guarantees
                             for US$ 100MM.

             12 | CMS Grau
Experience in Financing
    Retail and Services

 Falabella Group                                      Westpac Banking Corporation
   Advising its various operating companies           Advising on the granting of various credit
   on medium-term loans with and without              facilities (with the participation of the Australia
   guarantees, securitizations, corporate bonds       and New Zealand Banking Group Limited
   (placed through public and private offerings),     and the National Australia Bank Limited)
   commercial papers, certificates of deposit         in favor of Austin Engineering Group for
   and financial lease and leaseback transactions
                                                      an approximate amount of US$ 155MM and
   for amounts over PEN1,500MM.
                                                      in the process of granting guarantees to
   Advising on various bank loans and public          the Peruvian subsidiary of Austin Engineering
   bond issuance programs for more
                                                      Group within the framework of this financing.
   than PEN 1,000MM

 Interbank                                            Campbell Brothers Limited
   Advising on the structuring of securitized bonds   Advising on the creation and updating
   issued by Innova Schools and credit facilities,    of guarantees to secure a syndicated loan
   whose funds would be used for the expansion        granted by Royal Bank of Canada,
   of its schools, with a value of more               Commonwealth Bank of Australia, among
   than PEN 170MM.                                    others, for a value of more than US$ 200MM.
   Advising on the granting of financing to real
   estate companies of the Brescia Group and
   its subsequent assignment to special purpose
   vehicles for more than US$ 70MM for
   the realization of various real estate projects.   Boart Longyear Group
                                                      Advising on the financing and re-profiling of
                                                      its long-term debt through financing with
                                                      the Bank of America and the US Bank National
                                                      Association, and subsequently in the process of
 Exsa                                                 injecting capital into a private group for an
 Advising on the financing of an unsecured            amount in excess of US$ 500 million.
 loan granted by BBVA Banco Continental
 for approximately US$ 30MM.

                                                      ALS Group
                                                      Advising on notes issue for an
 FMO                                                  approximate amount of US$ 297MM, and
 Advising on medium-term credit to Acceso for         on the process of granting guarantees within
 the financing of its operations for US$ 10MM.        the framework of said financing.

 Credicorp Capital                                    Locfund
 Advising the Real Estate Fund administered by        Advising the Bolivian investment fund on the
 Credicorp Capital for the placement of various       granting of credit facilities to Peruvian micro-finance
 real estate investments for more than PEN 100MM.     institutions for the amount of US$ 7.5MM.

                                                                                                                13
Corporate / M&A

                     Corporate / M&A
                     At CMS Grau we understand the challenges you may face in the normal course of your
                     business. Our hallmark is to incorporate elements that allow operations to be
                     successful over time, facilitating the integration of the cultures of the companies
                     involved, in order to maximize synergies.

                      CMS Grau has a solid corporate team that provides          transaction. We make sure that there is always an
                      support in the design, negotiation, and execution of       efficient tax planning, and we examine all the sensitive
                      mergers and acquisitions in the mining, energy, real       aspects from the labor point of view. We work closely
                      estate, commercial, industrial, health, agriculture, and   with audit firms, financial consultants, and in the case of
                      other sectors, going through all phases of the             natural resource transactions, with environmental,
                      negotiations until the conclusion of the agreement and     community relations and social consulting firms.
                      post-closing follow-up.

                      We have participated in the largest purchase of shares
                      and rights ever to have taken place in Peru in the
                      amount of more than 6 billion dollars, as well as in the          Well-known practice with an established
                      advisory services of one of the largest and most                  track record in corporate matters (...)
                      important operations ever carried out in the electricity          The service is consistently high-quality and
                      sector.                                                           rigorous, and the team always provide
                                                                                        accurate advice.
                      We have a well-developed and well-achieved work
                                                                                                      Chambers Latin America 2019
                      methodology that reviews in detail all regulatory,
                      environmental, sectoral and other relevant aspects of a

                  14 | CMS Grau
Corporate / M&A
On a global level
We have a network of over 1000 lawyers in
39 jurisdictions who offer:

— The capacity to handle more transactions
     than any other law firm
     We have an enormous amount of successfully negotiated
     deals, which is why our area is ranked every year
     by important international publications.

— Multijurisdictional experience
     We work seamlessly with our teams in various
     jurisdictions on international operations.

— Solutions for dynamic economies
     We offer customized regional solutions for businesses
     in diverse and rapidly growing economies.

Our service
We provide advice on all legal aspects of transactions:

Mergers and Acquisitions                                     Private Equity
— private acquisitions and disposals                         — buyouts and minority investments
— joint ventures                                             — co-investments
— strategic alliances                                        — buy and build strategies
— cross-border mergers                                       — exists: trade sales, stock market's exits,
— public takeovers                                             secondary buyouts
                                                             — corporate advisory and governance
                                                             — director’s duties

Additional experience
— due diligence
— group reorganisations
— concessions

                                                                                                            15
Experience in M&A

16 | CMS Grau
Energy                                          Oil & Gas

Colbún                                             Thermochilca Auction
Advising on the auction -including due             Advising an international consortium in the
diligence- and purchase of 100% of the shares
                                                   auction (including due diligence) for he acquisition
for a value of US$ 786MM, including the
                                                   of a thermoelectric plant of more than 400MW
540MW Chilca Thermoelectric Plant.
                                                   in Chilca (one of the largest in Peru).

Duke Energy                                        Enagás
Advising an international consortium on the        Advising on the purchase of 5% of the share
                                                   capital of TGP of SK Corporation, in order to
auction (including due diligence and share
                                                   increase its stake in the share capital to 25%.
purchase agreement) for the acquisition of
100% of the shares of four hydroelectric plants,
one thermoelectric plant and two transmission
lines belonging to companies related to
the Duke Energy Egenor Group.
                                                   Shell
                                                   Advising on the sale of its downstream businesses
                                                   in Peru (service stations and others).

Chaglla Auction
Advising an international consortium in the
auction (including due diligence) for the
acquisition of Chaglla, 462MW Hydroelectric
Plant (the third largest in Peru), in Huallaga.
                                                   Aluz C&O Perú
                                                   Advising on the sale of 50% of the controlling
                                                   interest in Compañía Eléctrica Agua
                                                   Azul to MC Energía (Marsa Group).

DEG
Advising on the financing of the RER
Hydroelectric Power Plant, a project of
over US$ 50MM.
                                                   Exxon Mobil
                                                   Advising on the sale of its downstream
                                                   businesses in Peru.

Perú LNG
Advising an important hydrocarbon company          Chilean company in the sector
in Singapore on the purchase of Repsol's stake
in Peru LNG, a liquid gas project valued at        Advising in the acquisition process of
US$ 2,000MM.                                       assets of Exxon Mobil in Peru.

                                                                                                          17
                                                                                                          19
Experience in M&A

                  Retail and Services

                Falabella Group                                        Falabella Perú
                Advising on the acquisition in stock market of         Advising on the spin-off of Aventura Peru (a
                100% of Maestro for US$ 490MM.                         company managed by Ripley and Falabella), in
                                                                       which the five Aventura Peru shopping centers
                                                                       were divided between Falabella and Ripley.

                Emerson
                Advising on the acquisition of a local industrial      Brescia Group
                machinery and equipment company for                    Advising on the preparation of the legal strategy,
                more than US$ 10MM.                                    analysis of the possible contingencies and
                                                                       acquisition of a property for a value of more
                                                                       than US$ 17MM and advising Inversiones
                                                                       San Borja in the preparation and negotiation
                                                                       of the Guarantee Trust Agreement to guarantee

                Banmédica                                              obligations arising from the Purchase
                                                                       and Sale Agreement.
                Advising on the joint venture with Pacifico Health
                Care Provider in order to unify its market position,
                experience and assets in the health care sector.

                                                                       Open Plaza Huancayo
                                                                       Advising on the negotiation, structuring, acquisition
                                                                       and reorganization of three properties owned
                                                                       by 114 people who received the properties as
                Elevar                                                 payment of the social benefits of the Cooperativa
                                                                       Industrial Manufacturas del Centro; advising on the
                   Advising on the purchase and subsequent
                                                                       conclusion of the legal proceedings, the cancellation
                   sale of 40% of Caja de Los Andes.
                                                                       of labor debts of more than 200 workers and
                   Advising on the acquisition of a minority           former workers of the Cooperativa, the obtaining
                   stake and subsequent increase in the capital        of licenses and authorizations for the construction
                   of Financiera TFC.                                  and operation of the Shopping Center and the
                                                                       contracting of civil works. The transaction involved an
                                                                       investment of approximately US$ 280MM.

                Private Equity
                Advising on the investment and acquisition
                of an interest in an important company
                with land in the Olmos project.

18 | CMS Grau
Experience in M&A

    Retail and Services                                               Mining

 San Agustin Hotels                                 Glencore Xstrata
 Advising on the acquisition of real estate for     Advising on the sale of its entire stake in the Las
 the implementation and operation of three          Bambas project valued at US$ 7.3 billion to a
 and four star hotels in Miraflores and Arequipa,   consortium led by MMG Limited.
 having invested approximately
 US$ 6.5MM in 2015.

                                                    Mitsubishi
                                                    Advising on the acquisition of International
 Open Plaza Angamos                                 Finance Corporation's stake in the Quellaveco
                                                    project for approximately US$ 800M.
 Design of the project for the construction and
 operation of a shopping centre on ten              The consultancy included the due diligence
 properties of different owners and advice on the   process of the project, as well as the analysis
 financing of the construction of the shopping      of all the electrical permits involved.
 centre, the construction contract, the
 accumulation of properties, the granting of
 easements, surface rights and the constitution
 of a trust in guarantee, which involved an
 investment of US$ 100MM.
                                                    Xstrata
                                                    Advising on the acquisition of 100% of the stake of
                                                    BHP Billinton Tintaya S.A. for US$ 750MM.

 Sodimac y Tottus
 Advising on the structuring and design, as well
 as the development of a project for the            Chinese Consortium Zinjin
 construction of a hypermarket (Tottus) and
                                                    Advising on the acquisition of 89.9% of the stake in
 a home improvement store (Sodimac) within
                                                    Monterrico Metal through AIM from the London
 the Jockey Plaza Shopping Center, which involves
                                                    Stock Exchange, for a value of US$ 200MM.
 an investment of more than US$ 80MM,
 through the innovative figure of the sub-surface
 or second-degree surface - registered for the
 first time in the property registry of Lima.

                                                                                                           19
Contacts
Contacts
 Our team
  Juan Carlos Escudero
  Partner

                                       Juan Carlos Escudero has more than 20 years of experience as a lawyer and
                                       to date, he is the Managing Partner and the co-head Partner of the
                                       Corporate, Banking and Finance areas of CMS Grau. He has solid experience
                                       in Banking, Finance, Capital Markets, Mergers and Acquisitions, and
                                       Infrastructure. Represents companies dedicated to industry, commerce and
                                       infrastructure. In addition, he has advised in the structuring of the most
                                       important funding that has been made to a private company in Peru by
                                       international banks. He holds a Master of Laws (LL.M.) from the University of
                                       Connecticut, USA.
  T +51 1 513 9430
  E juancarlos.escudero@cms-grau.com        Department co-head Juan Carlos Escudero Velando maintains a visible
                                            practice within the domestic corporate arena and is singled out by one
                                            client as "a high-level practitioner." He assists with M&A, corporate
                                            reorganisations and financing related to an array of sectors such as the
                                            pharmaceutical, retail and agriculture.
                                            Chambers Latin America 2019 - Corporate/M&A

///////////////////////////////////////////////////////////////////////////////////////////////

  Michelle Barclay
  Partner

                                       Michelle Barclay has international professional experience and specialization in
                                       corporate, mergers and acquisitions, corporate restructuring and investment
                                       projects, public-private partnerships (PPP). Advises local and international clients in
                                       the purchase of assets, joint ventures, M&A and refinancing of companies, as well
                                       as in the sale and purchase of companies in crisis and infrastructure projects. She
                                       holds a Master of Laws (LL.M.) from New York University and is a collegiate in New
                                       York, which allows her to practice as a lawyer in that State. Michelle has worked
                                       as a permanent associate at Skadden, Arps, Slate, Meagher & Flom LLP (in New
                                       York City).
  T +51 1 513 9430
  E michelle.barclay@cms-grau.com           "The phenomenal" Michelle Barclay Thorne is a respected figure in the
                                            Peruvian bankruptcy market. She garners widespread recognition from
                                            sources, who declare: "She is an excellent lawyer with great experience
                                            at a national and international level. She is persistent, a perfectionist,
                                            and always up to date."
                                            Chambers Latin America 2019 - Bankruptcy and Restructuring

                                                                                                                                 21
Contacts

                  Sergio Oquendo
                  Partner

                                                   Sergio Oquendo co-heads the Corporate, Banking and Finance areas of CMS
                                                   Grau. He specializes in project development and finance, corporate acquisitions
                                                   and international and cross-border transactions. Sergio has extensive
                                                   experience leading multidisciplinary teams, and interacting with global
                                                   companies and law firms in the structuring, negotiation and closing of
                                                   multi-jurisdictional deals. He has participated in many of the most relevant
                                                   transactions in the Peruvian market, with an aggregate value of several billions
                                                   of dollars. Sergio has advised clients from different sectors in industries such as
                                                   Oil & Gas (the Camisea Project), mining, forestry, energy and hospitality. He
                  T +51 1 513 9430                 holds a Master’s Degree (LL.M.) from Columbia University in the City of New
                  E sergio.oquendo@cms-grau.com    York (where he was a Friedmann Fellow and a Fulbright Scholar). Sergio
                                                   worked at Milbank, Tweed, Hadley & McCloy (NYC Office) as foreign associate.

                                                        Sergio Oquendo is a capital markets expert and a tough negotiator.
                                                        He is a highly intelligent lawyer and extremely detail-oriented; I am
                                                        always glad he is on my side of the table.
                                                        Chambers Latin America 2015 - Banking & Finance

               ///////////////////////////////////////////////////////////////////////////////////////////////

                  Diego Peschiera
                  Partner

                                                   Diego Peschiera co-heads the Corporate, Banking and Finance areas of CMS
                                                   Grau. He specializes in banking law, financial and capital markets, mergers
                                                   and acquisitions, as well as in corporate finance and project finance. He has
                                                   broad experience leading local and cross-border financing operations for
                                                   financial institutions, local and foreign corporate clients through the stock
                                                   market. He has participated in multiple relevant financing transactions, capital
                                                   markets and M&A of the last 18 years in Peru, becoming one of the best
                                                   Peruvian financial lawyers according to prestigious international publications.
                                                   Diego is a professor of Banking and Financial Law in the postgraduate
                  T +51 1 513 9430                 programs of ESAN University and the Pontificia Universidad Católica del Perú.
                  E diego.peschiera@cms-grau.com

                                                        Diego Peschiera Mifflin of CMS Grau has extensive experience
                                                        representing investment banks acting as lead arrangers and
                                                        underwriters as well as corporate issuers in a variety of debt and equity
                                                        placements.
                                                        Chambers Latin America 2019 - Capital Markets

           22 | CMS Grau
Contactos
  Miguel Viale
  Partner

                                   Miguel Viale specializes in banking and finance, project finance, mergers and
                                   acquisitions, capital markets and corporate law. He has significant experience
                                   in the financing, sale and acquisition of projects related to natural resources,
                                   mainly in the hydrocarbon, energy and mining sectors. Recently Miguel has
                                   collaborated closely with the regulatory and environmental teams in these
                                   sectors, acquiring an important experience in these activities and its regulation,
                                   which allows him to provide comprehensive advice on transactions and its
                                   operations. At the academic level, he has been an adjunct professor at the
                                   University of Lima and the San Marcos National University.
  T +51 1 513 9430
  E miguel.viale@cms-grau.com           Miguel Viale Leo is endorsed by clients, who call him "a very reliable,
                                        creative and technical lawyer with commercial insight - an excellent
                                        professional." He is particularly active in project finance mandates.
                                        Chambers Latin America 2019 - Banking & Finances

///////////////////////////////////////////////////////////////////////////////////////////////

  Carlos Calderon
  Senior Associate

                                   Carlos specializes in mergers and acquisitions (M&A), financings and capital
                                   markets advising local and foreign companies. He has experience in advising
                                   and developing investment projects through joint ventures and financing
                                   transactions, with emphasis on the hotel and agricultural sectors. Carlos has an
                                   MBA from Universidad ESAN, Peru, and has worked at two international firms
                                   where he was temporarily appointed as Hispanic Latin America Legal
                                   Coordinator and Senior Legal Advisor of two major companies.

  T +51 1 513 9430
  E carlos.calderon@cms-grau.com

                                                                                                                        23
Contactos

                   José Antonio Onandia
                   Senior Associate

                                                        José Antonio specializes in mergers and acquisitions (M&A), banking and
                                                        finance, project finance, capital markets, corporate reorganizations, corporate
                                                        law and cross-border transactions. He has significant experience in the
                                                        banking, energetic, retail and hospitality & casino sectors. With respect to his
                                                        transactional experience, José Antonio has advised local and international
                                                        banks on banking law and financial services, as well as local and international
                                                        companies in M&A transactions.

                   T +51 1 513 9430
                   E joseantonio.onandia@cms-grau.com

                                                                           What the team is known for offers
                                                                           noteworthy expertise in finance deals
                                                                           related to the mining, energy, real estate
                                                                           and infrastructure sectors. Particularly
                                                                           active advising borrowers on project
                                                                           financing and corporate refinancing deals.

                                                                                             Chambers Latin America 2019

            24 | CMS Grau
Contacts
Our Banking and Finance, and Corporate / M&A area interacts with a transversal team specialized
in other areas of practice and sectors in order to efficiently and comprehensively cover all the
aspects and complexities of our clients' projects. Our main contacts in these areas and sectors are:

               Carlos Hamann                                        Raúl Ravina
               Partner | Energy                                     Partner | Real Estate & Construction

               T +51 1 513 9430                                     T +51 1 513 9430
               E carlos.hamann@cms-grau.com                         E raul.ravina@cms-grau.com

               Cecilia Gonzales                                     Carolina Gajate
               Partner | Mining                                     Partner | Real Estate & Construction

               T +51 1 513 9430                                     T +51 1 513 9430
               E cecilia.gonzales@cms-grau.com                      E carolina.gajate@cms-grau.com

               Rolando Cevasco                                      Ramón Huapaya
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                                                                                                           25
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