Manuel Mingot is a partner in the Financial Services team and leads the banking and finance team in the Madrid office. Manuel is among the leading Spanish finance lawyers, and is described as “a trusted adviser to domestic and international banks and funds due to his expertise in various banking and finance mandates” (Chambers Europe 2022) who provides “high availability, tailor-made responses and client-focus by understanding well what the client is looking for” (The Legal 500 2022). Manuel advises lenders, borrowers and sponsors on a wide range of senior debt and mezzanine financing transactions, at both local and cross-border levels. He has vast experience acting for banks, PE houses and debt funds on acquisition financing and direct lending mandates, syndicated and bilateral facilities, debt restructuring and refinancing, project finance on a variety of senior debt and mezzanine structures (particularly on renewable energies and infrastructure), real estate finance, trade receivables and export financing. He advises arrangers, 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 distress structures. Manuel advises financial institutions on financial regulation and financial 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”. Manuel is described as a “highly recommended” lawyer by Leaders League 2022.

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Leveraged and Mezzanine Financing, Debt Restructuring and Direct Lending/Private Debt

  • Advising Banco Santander on a multijurisdictional and multi-borrower senior facility to the Axpo Group.
  • 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 Banco Santander on a multijurisdictional and multi-borrower senior facility to the Faurecia Group.
  • Advising alternative private debt investor Eiffel Investment Group on a senior secured development corporate portfolio credit facility to Capital Energy.
  • Advising Banco Santander, CaixaBank, Cofides and the syndicate of senior lenders on the syndicated debt restructuring of Grupo Stin and related rescue recapitalisation financing from Spanish state rescue fund Fonrec Cofides.
  • Advising a pool of Spanish banks, including BBVA, Santander, Sabadell, DB 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 CaixaBank on the debt restructuring and scheme proceedings of concessionaire and EPC contractor Eurofinsa.
  • Advising a syndicate of Spanish and international banks, including Santander, BBVA, Sabadell, DB and CaixaBank, on the senior secured debt refinancing of Mundo Reader (BQ) and post-restructuring security enforcement proceedings.
  • Advising PE house H.I.G. Capital on the senior secured debt refinancing of affiliate Compañía del Trópico de Café y Té.
  • Advising private debt fund Oquendo Capital on a mezzanine growth loan facility to Grupo Momentum.
  • Advising private debt fund Kartesia 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, CaixaBank and DB 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 Sabadell, BBVA and CaixaBank on the senior secured syndicated loan facilities granted to Altan Pharmaceuticals for the acquisition of GES Genéricos Españoles Laboratorio, Genfarma Laboratorio and Biomendi.
  • Advising private debt fund Oquendo Capital on a mezzanine loan facility granted to Negocios de Restauración del Sur (NRSur).

Project Finance, Energy and Infrastructure Finance

  • Advising the EIB and asset manager Ben Oldman on a non-recourse unitranche senior project finance facility to Mithrasol for the construction financing of 11 solar PV plants in Spain.
  • Advising infrastructure asset manager Eiffel Investment Group on a non-recourse holdco senior secured project facility to Capital Energy in order to finance a portfolio of five wind farms and a solar PV plant totalling in aggregate 267 MW.
  • Advising Bayern Landesbank (BayernLB) on the non-recourse long term senior secured project finance facilities granted to Solaria for the PPA project financing of the 105 MWp solar PV plants in Palencia and Toledo under a PPA with Alpiq.
  • Advising Unicaja Banco on a non-recourse long-term senior merchant project finance facility to Jarmar for the financing of the 45 MW “Lastras del Pozo” solar PV plant in Segovia.
  • Advising asset manager Zencap AM on a mezzanine recap facility to Grupo Rotonda for the shareholders equity financing of three merchant solar PV plants in Albacete.
  • Advising infrastructure asset manager Eiffel Investment Group on the project finance facilities of the 50 MWp “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 the 188 MW “Cabo Leones IIII” wind farm in Atacama.
  • Advising Pan American Energy as sponsor counsel on the project financing for the construction financing of the 423 MW “Novo Horizonte” wind farm in Ibitiara (Brazil).
  • Advising Solaria on the issue of a non-recourse long term senior secured project bond issued and listed on the German Freiverkher Frankfurt open market for the debt refinancing of the 10 MWp “Magacela” solar PV plant.
  • Advising EDF Trading on a financial PPA entered into with Foresight Group.
  • Advising Eiffel Investment Group and Dunas Capital on a mezzanine development holdco facility to Dunas Capital for the development financing of the “Santa Elvira” solar PV plant of 233 MW in Seville.
  • Advising EDF Trading on a 49 MWp solar PV project financing.
  • Advising private debt asset managers Sienna/Acofi and Zencap AM on a mezzanine loan facility to Greenalia for the shareholders equity financing of the “Eolo I” portfolio of five wind farms in Coruña totalling 75 MW.
  • Advising Solaria on the amendment and restatement of three non-recourse senior secured project bonds issued by Solaria, listed on the Spanish AIM MARF and privately placed to institutional investors.
  • Advising Banco Santander, as agent bank, and the syndicate of lenders on the non-recourse senior project financing facilities of five wind farms of Grupo Ibereolica totalling 150 MW.
  • Advising Eiffel Investment Group on the bridge finance facilities to German developer Green City Energy for the development of a Spanish solar PV pipeline of six merchant PV plants in Murcia and Zaragoza.
  • Advising the lenders on the syndicated non-recourse senior project finance facilities granted to EDP Renovaveis for the construction and development of the wind farms “Monsevaine”, “La Celaya” and “Umbria” in Galicia.
  • Advising Santander, CaixaBank and Abanca on the syndicated non-recourse 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 syndicated long-term project financing facilities granted by the EIB to Saggas for the construction of a LNG plant in Sagunto.
  • Advising Esparity Solar on the development financing of a 600 MWp solar PV pipeline in Spain.

Trade Receivables, Export & Trade Finance

  • Advising Pan American Energy on an export finance facility granted by US official ECA EXIM Bank for US equipment financing of oil and gas production and processing units to be installed in Spain and Mexico.
  • Advising PNC Bank as agent bank and arranger on a senior secured syndicated ABL asset-based trade receivables facility to the Ferroglobe group.
  • Advising Banco Santander on a multijurisdictional multi-borrower trade receivables purchase and service programme (RPA) to the Axpo Group guaranteed by credit insurance arranged by COFACE.
  • Advising the Department of Finance of Dubai in connection with a US$2.5 billion export finance backed syndicated credit facility granted by Banco Santander, First Abu Dhabi Bank, HSBC Bank, Intesa Sanpaolo and Standard Chartered Bank for the financing of a 15 km extension of Dubai Metro’s Red Line backed by Spanish export credit provider CESCE.
  • Advising Banco Santander on a multijurisdictional multi-borrower trade receivables purchase and service programme (RPA) to the Faurecia Group guaranteed by credit insurance arranged by COFACE.
  • Advising Raiffeisen Bank on a multijurisdictional and multi-borrower trade receivables securitisation for the EuroChem Group under credit insurance arranged by Euler Hermes.
  • Advising Network Steel Group on a credit facility backed by Chinese ECA provider Sinosure for the sale of steel products in China.
  • Advising Hyperion Materials and Technologies on a multijurisdictional trade receivables securitisation facility arranged by Hannover Funding Company and Nord LB.
  • Advising Eurofactor on a multijurisdictional trade receivables purchase and service agreement with the Cooper Automotive Group.
  • Advising Wells Fargo Bank on a senior secured ABL facility to the English group Whittan Group.
  • Advising PDVSA Gas on a trade finance facility granted by Elecnor for the financing of the 52 km Arichuna-Guarenas gas pipeline in Venezuela.
  • Advising ABN AMRO Commercial Finance and Deutsche Bank on a multijurisdictional trade receivables facility (RPA) to the Stay Group.
  • Advising Raiffeisen Bank on a multijurisdictional trade receivables purchase and service agreement (RPA) for the Gindre Group.

Debt Capital Markets (DCM)

  • Advising asset manager Eiffel Investment Group in connection with the issue and private placement of senior notes issued by Capital Energy in order to finance a portfolio of five wind farms and one solar PV plant totalling 267 MW.
  • Advising Pan-American Energy as trusted advisor in connection with the issue and offering of senior notes under Rule 144A and Reg. S international offerings under its offering circular and exchange programs.
  • Advising Solaria on a senior secured project bond issued and listed by Solaria’s affiliate Magacela Solar on the Freiverkher Frankfurt market for the debt refinancing of the 10.9 MWp Magacela solar PV plant.
  • Advising asset manager Eiffel Investment Group in connection with the issue and placement of senior notes issued by developer Dunas Capital in order to finance a solar PV plant of 233 MW in Seville.
  • Advising Solaria on the amendment and restatement of three senior secured notes issued and listed by Solaria on the Spanish fixed-rate market MARF.
  • Advising Raiffeisen Bank International on a trade receivables securitisation of senior notes of the EuroChem Group listed on the Euro MTF market of the Luxembourg Stock Exchange.

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.

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.

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