Luis Belart Siguero
Partner
Languages spoken
English | Spanish
About Luis
Luis Belart co-leads the firm’s Financial Services Practice Group in our Madrid office. Banks, private credit funds, infrastructure investors and sponsors turn to him when a financing is complex and cross-border, and has to get to closing.
Luis advises across the capital structure – structured finance; project finance; acquisition and leveraged finance; real estate finance; receivables finance; and restructuring – acting for lenders and borrowers alike under Spanish law, Loan Market Association (LMA) and English law documentation. His practice is anchored in the energy transition, with particular depth in holdco, back-leverage and portfolio financings of solar photovoltaic (PV), wind and biomethane assets, and in the regulatory and security mechanics that make them bankable.
An IESE MBA, Luis reads a deal the way a credit committee does. He builds structures from the cash flows up, anticipates the lender’s questions before they are asked and negotiates terms that work on signing day and through the life of the loan. Clients value his commercial judgment, his responsiveness and his ability to bridge Spanish-law security realities and international financing documentation.
Before joining the firm, Luis co-founded the banking and finance practice of a global law firm in Madrid and built it from the ground up into a team ranked by Chambers, Legal 500 and IFLR1000. He trained at a Magic Circle firm in Madrid and London. He has also served as chief restructuring officer of a midmarket industrial group, giving him a borrower’s first-hand view of liquidity, covenant pressure and creditor negotiations.
His track record includes more than €8 billion in receivables finance transactions; more than 120 aircraft financings, sale-and-leasebacks and fleet restructurings; over 30 refinancings and restructurings; and more than 150 cross-border mandates coordinated with counsel in the US, the UK, Germany, France and Latin America.
Experience
Advising the original lender on the circa €400 million syndicated holdco financing of a Spanish renewable energy portfolio owned by a leading European infrastructure investor.
Advising an international infrastructure investment firm on the circa €520 million the back-leverage holdco financing of a Spanish renewables portfolio.
Advising a global infrastructure investor on the circa €300 million the holdco portfolio financing of a Spanish biomethane platform, including feedstock supply, RED III and guarantee-of-origin bankability mechanics.
Advising on the circa €200 million multiseller trade receivables purchase programme between a leading European bank and a Spanish transport and logistics group, including the accession of new sellers and the related account pledges and legal opinions.
Advising a Spanish bank on the circa €105 million acquisition financing of a hotel portfolio in the Balearic and Canary Islands by a real estate investment firm, structured as mortgage and corporate tranches.
Advising on a financing secured by nonpossessory pledges over petroleum product inventories stored at Spanish port terminals.
Advising on the €250 million twin multiborrower facilities agreement into two independent credit perimeters, unwinding the existing cross-collateralisation.
Advising on the €100 million financing of a salmon aquaculture project in Galicia, including port concession issues.
Acting for leading private credit funds on direct lending and unitranche financings of Spanish midmarket companies.
Acting for international private equity sponsors and arranging banks on the Spanish-law aspects of leveraged buyout financings.
Acting for the lenders on the multiyear refinancing and restructuring of the syndicated debt of one of Spain’s largest listed real estate companies.
*Includes matters handled prior to joining the firm.
Credentials
Education
- IESE Business School, Executive MBA, 2018
- Universidad Complutense de Madrid, Law Degree (Licenciatura en Derecho), summa cum laude, 2006
Admissions
- Madrid, 2007
Memberships & Affiliations
Círculo de Empresarios
Madrid Bar Association (Ilustre Colegio de la Abogacía de Madrid)
Recognitions
Chambers Europe and Chambers Global – Banking and Finance, Spain
Chambers Global – Projects and Energy, Spain
Legal 500 EMEA – Next Generation Partner, Banking and Finance, Spain
IFLR1000 – Highly Regarded, Banking and Finance, Spain
Iberian Lawyer – 40 Under Forty Awards, Banking and Finance, 2022
Iberian Lawyer – Lawyer of the Year, Energy, 2026
Expertise
Services
- Financial Services
Industries
- Energy & Natural Resources
Publications & Speaking engagements
Lecturer, Banking & Finance Law, IE Business School, Instituto de Estudios Bursátiles (IEB) and ISDE, Madrid.
Co-author, Memento Concursal, 2014.
Author, “Aproximación a las diferentes modalidades de financiación”, “Margin Loans” and “Financiación de Activos”, Cuadernos de Derecho para Ingenieros, 2016.