Santiago Carregal is a partner in Marval, O’ Farrell & Mairal’s Banking & Finance Department. He specializes in capital markets and corporate finance and has represented companies and investments banks in more than 180 transactions, including public offerings, private placements and tender and exchange offers, structured and project financings and mortgage securitization involving a variety of equity, debt and hybrid instruments.
In recent years he has been increasingly active in M&As, handling a number of notable transactions, including the sale of GE Money Argentina to Banco Supervielle, the sale of GE Money’s branches to Banco Columbia, the purchase of two of Argentina’s largest call center operators by the Indian Group Aegis, the acquisition by Dufry of the leading airport retailer in Argentina Interbaires, as well as airport retail operations in Uruguay, Ecuador and Armenia, and a wholesale platform in Panama, in a combined transaction of US$950 million, and the sale of the controlling stake in chemical company Indupa by Belgian giant Solvay.
Santiago also has extensive experience in restructuring and workouts. During the 2001/02 Argentine financial crisis he represented bank steering committees and debtors in workouts totaling US$ 7 billion, which included representing the Telecom Argentina group, comprising 4 companies in 2 countries, in its US$ 4 billion debt restructuring, the largest cross-border insolvency case in Argentina’s history (2002/2006).
From 2012 to 2014 Mr. Carregal led, together with Mr. Héctor Mairal, the team of lawyers that represented Repsol and Repsol Butano in all matters relating to the expropriation of Repsol’ s participation in YPF, including representation in arbitral and judicial proceedings, and in the expropriation agreement signed with the Argentine Government, which constitutes Argentina’s first-ever expropriation deal.
Chambers Latin America describes Santiago as “a brilliant lawyer and among the best in the country.” He is also recognized as a leading specialist in banking and finance, capital markets, corporate/M&A and project finance in several other legal publications including Who’s Who Legal, PLC, The Legal 500, Which Lawyer and IFLR 1000.
He worked as a foreign attorney for Shearman & Sterling in New York, is a former Vice-President and Assistant General Counsel of JP Morgan’s Buenos Aires Branch, and was a partner of law firm Carregal & Funes de Rioja. Mr. Carregal graduated as a lawyer at the University of Buenos Aires in 1984 and went on to earn a Masters in Law from the University of Illinois in 1987.
Santiago is currently a member of the Board of the Argentine Bank’s Lawyers Committee (Comité de Abogados de la República Argentina) and a professor of post-graduate studies in banking and finance at the Universidad de Buenos Aires, Universidad Austral and Universidad Católica Argentina.
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