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Manuel Mingot is a partner in the Financial Services team and leads the banking and finance team in the Madrid office. With more than 20 years of experience, Manuel advises lenders, borrowers, funds and sponsors on a wide range of financing transactions, at both the local and cross-border levels. He has vast experience advising on acquisition finance mandates, syndicated and bilateral lending, debt refinancing and loan work-outs, project finance (particularly on renewable energies and infrastructure), real estate finance, trade receivables and export financing, and direct lending deals. Manuel is a trusted advisor for a number of banks, private equity houses, and mezzanine and debt funds. He also advises issuers and investors on the issue, underwriting and placement of notes, including MTN programmes, Rule 144/A and Reg. S. offerings and private placements. He has ample experience advising on the sale and purchase of secured and unsecured NPL portfolios and related distress and debt-on-debt structures. His expertise covers counselling financial institutions on financial regulation and OTC derivatives.
Chambers 2022 and Chambers 2021 define Manuel as a “trusted advisor”, “practical and constructive” with a noted ability to “handle complex financings”, and “accessible, hard-working and has deep knowledge”.
Leveraged and Mezzanine Financing, Debt Refinancing and Direct Lending
- Advising Banco Santander on a multijurisdictional senior facility to the Faurecia Group.
- Advising debt fund Eiffel Investment Group on a senior secured corporate credit facility to Capital Energy.
- Advising Banco Santander, CaixaBank and the syndicate of senior lenders on the debt refinancing of Grupo Stin and related rescue recapitalisation financing from Spanish state rescue fund Fonrec Cofides.
- Advising CaixaBank, PNC Bank and the syndicate of senior lenders on a senior secured syndicated term loan and revolving credit facilities granted to Ferroglobe and FerroAtlántica.
- Advising a pool of Spanish banks, including Santander, BBVA, Sabadell and CaixaBank, on the syndicated debt restructuring of Spanish-listed engineering group Artificial.
- Advising Grupo Lar on the senior secured real estate facilities granted by BBVA for the financing of the construction of the retail park Vidanova Park.
- Advising a syndicate of Spanish and international banks, including Santander, BBVA, Sabadell and CaixaBank, on the senior secured debt refinancing of Mundo Reader (BQ) and related security enforcement proceedings.
- Advising H.I.G. Capital on the senior secured debt refinancing of Compañía del Trópico de Café y Té.
- Advising debt fund Oquendo Capital on a mezzanine loan facility to Grupo Momentum.
- Advising debt fund Kartesia Credit Opportunities on the acquisition loan facilities granted to Hoteles Tecnológicos for the purchase of a 74% interest in High Tech Hotels & Resorts.
- Advising Banco Santander, Sabadell and CaixaBank on the syndicated senior debt restructuring and scheme proceedings of High Tech Hotels & Petit Palace Hotels.
- Advising Park-Ohio Holdings on the syndicated acquisition facilities granted by BBVA and CaixaBank for the leveraged acquisition of GH Electrotermia.
- Advising BBVA, CaixaBank and Sabadell on the senior secured syndicated loan facilities granted to Altan Pharmaceuticals for the debt refinancing of Altan Pharmaceuticals.
- Advising debt fund Oquendo Capital on a growth mezzanine facility granted to Negocios de Restauración del Sur (NRSur).
- Advising a syndicate of Spanish banks on the senior debt refinancing of Nutecal.
Project Finance
- Advising Eiffel Investment Group in a senior secured facility to Capital Energy in order to finance a portfolio of five wind farms and one solar PV plant totalling 170MW.
- Advising Bayern Landesbank (BayernLB) on the non-recourse senior secured project finance facilities granted to Solaria for the financing of the 105MWp solar PV plants in Palencia and Toledo.
- Advising Eiffel fund and WeLink Energy on the project finance facilities of the 50MWp Puerto Real 2 solar PV plant.
- Advising Repsol and Grupo Ibereólica as sponsors on the non-recourse senior project finance facilities granted by Sumitomo Bank, DNB Bank, MUFG and ICO to Ibereólica Cabo Leonés for the construction and development of an 188MW wind farm in Atacama.
- Advising Solaria on a senior secured project bond issued and listed on the Freiverkher Frankfurt open market for the debt refinancing of the 10MWp Magacela Solar plant.
- Advising EDF Trading on a financial PPA entered into with Foresight Group.
- Advising EDF Trading on a 49MWp solar PV project financing.
- Advising Esparity Solar on the development of a 600MWp solar PV pipeline in Spain.
- Advising Solaria on the amendment of the terms and conditions of three senior secured project bonds issued and listed on the Spanish AIM MARF.
- Advising Banco Santander as agent bank and the lenders on the non-recourse senior project financing facilities of five wind farms of Grupo Ibereolica totalling 150MW.
- Advising Eiffel Energy Transition Fund on the bridge finance facilities provided to Green City Energy for the development of a Spanish solar PV pipeline.
- Advising the lenders on the non-recourse senior project finance facilities granted to EDP Renovaveis for the construction and development of two wind farms in Galicia.
- Advising Santander, CaixaBank and Abanca on the project financing facilities granted to Siderurgia Hierros Añón for the construction and exploitation of a steel plant in Brazil.
- Advising Endesa, Naturgy and Iberdrola on the project financing granted to Saggas for the construction of a LNG plant in Sagunto.
Trade Receivables Financing
- Advising Banco Santander in a multijurisdictional trade receivables purchase and service programme with the Faurecia Group.
- Advising Raiffeisen Bank in a multijurisdictional trade receivables securitisation with the EuroChem Group.
- Advising Hyperion Materials and Technologies in a multijurisdictional trade receivables securitisation with Nord LB.
- Advising Eurofactor in a multijurisdictional trade receivables purchase and service agreement with the Cooper Automotive Group.
- Advising ABN AMRO Commercial Finance and DB in a multijurisdictional trade receivables facility to the Stay Group.
- Advising Raiffeisen Bank in a multijurisdictional trade receivables purchase and service agreement with the Gindre Group.
- Advising PNC Bank as agent bank and lenders in a senior guaranteed ABL facility to Ferroglobe.
Distress Investing, Debt Trades and NPLs
- Advising Altamira Asset Management on the due diligence and sale of the secured NPL portfolios Dubai V, Dubai VI, Dubai VII, Dubai VIII, Gasset and Guadiana.
- Advising Bankia on the NPL project “Italica” sale of three unsecured NPL portfolios to Cerberus and Elliott Management.
- Advising Grove Capital Management on the purchase of a portfolio of unpaid invoices from Vodafone and Ono.
- Advising SAREB on the project “Indigo” sale of a secured loan portfolio to Deutsche Bank AG London.
- Advising SAREB on the project “Arroyofresno” sale of a real estate and loan portfolio to Construcciones Amenabar and CP Pinilla.
- Advising Abanca on the proposed sale of a large secured NPL portfolio.
Debt Capital Markets
- Advising Eiffel Investment Group in connection with the issue and private placement of a senior corporate bond issued by Capital Energy in order to finance a portfolio of five wind farms and one solar PV plant totalling 170MW.
- Advising Pan-American Energy in connection with the issue and offering of senior notes under Rule 144A and Reg. S international offerings.
- Advising Solaria on a senior secured project bond issued and listed by the affiliate Magacela Solar on the Freiverkher Frankfurt market for the debt refinancing of the 10.9MWp Magacela solar PV plant.
- Advising Solaria on the restructuring of the terms and conditions of three senior secured notes issued and listed by Solaria on the Spanish fixed-rate market MARF.
- Advising Raiffeisen Bank International in a trade receivables securitisation of senior notes of the EuroChem Group listed on the Euro MTF market of the Luxembourg Stock Exchange.
Education
- Universidad Complutense de Madrid, Ph.D., (Doctor en Derecho), summa cum laude, 2016
- Universidad Complutense de Madrid, Law Degree, 1993
Languages
- Spanish
- English
- Recommended in Chambers Europe 2022 and Chambers Global 2022 for banking and finance (recommended since 2015). Testimonials of Chambers Europe 2022 and Chambers Europe 2021 include:
- “Manuel Mingot of Squire Patton Boggs is a trusted adviser to domestic and international banks and funds due to his expertise in various banking and finance mandates ranging from mezzanine loans and debt refinancing to receivables finance programmes and project financing. Based in Madrid, Manuel Mingot also assists with a multitude of cross-border transactions. Sources consider Manuel Mingot to be ‘very dedicated to the transaction and to his clients,’ further highlighting his ‘very appreciated attention, which gives confidence to foreign investors’.” (Chambers Europe 2022 and Chambers Global 2022)
- “Manuel Mingot is ‘practical and constructive’ and noted his ability to handle complex financing transactions. He often acts for groups of lenders on refinancing or debt restructuring matters, including those that are coordinated with counsel in other jurisdictions. He also handles direct lending and factoring receivables transactions. Clients say that Mingot is ‘accessible, hard-working and has deep knowledge’.” (Chambers Europe 2021 and Chambers Global 2021)
- Recommended in The Legal 500 Europe, Middle East & Africa 2022 and 2021 for Spain – Banking & Finance, Project Finance and Energy. Testimonials of The Legal 500 Europe, Middle East & Africa 2022 and 2021 include:
- “High availability. Client-focus by understanding well what the client is looking for. Strong reactivity.” (2022)
- “Best law firm in the energy and financing sector that has advised us as of today – Especially Manuel Mingot, Alberto Paris.” (2022)
- “Manuel Mingot is recommended.” (2021)
- “Magnificent integration with the client team, providing accurate advice.” (2020)
- “They invest in the relationship with the client.” (2020)
- “Ability to provide assistance in different countries with the same quality of service and customer service, at a reasonable cost.” (2020)
- Selected in Best Lawyers 2022 directory for Spain for Banking & Finance since 2011.