Manuel Orillac is a partner in the Capital Markets and Mergers & Acquisitions practices.

He currently focuses on transactions in the Americas, with past experience in Europe and the Middle East. Manuel advises on complicated cross-border mergers and acquisition transactions, joint ventures, debt and equity offerings, and project financings.

He represents, among others, corporate, sovereign and financial institution clients including Autoridad del Canal de Panamá, Aeropuerto Internacional de Tocumen, Empresa Nacional del Petróleo, Transelec, Ecopetrol, Organización Corona, Ingenio Magdalena, Citibank, Bank of America Merrill Lynch, Deutsche Bank and J.P. Morgan.

Manuel joined the firm in 1985, and has practiced in the firm’s New York, Paris and Abu Dhabi offices.

Capital Markets

• Volta Trucks AB in its €230 million Series C preferred shares financing and in its €37 million Series B preferred shares financing
• Citigroup Global Markets and J.P. Morgan Securities, as initial purchasers, in connection with a Rule 144A/Reg. S offering of senior guaranteed sustainability-linked notes by The Central America Bottling Corporation
• Citigroup Global Markets, J.P. Morgan Securities, Scotia Capital (USA), Credit Suisse Securities (USA) and Banco General, as initial purchasers, in connection with a Rule 144A/Reg. S offering of senior notes by AES Panama Generation Holdings; the largest bond issuance by a private company in Central America and the Caribbean
• Citigroup Global Markets Inc., as initial purchaser in connection with a Rule 144A/Reg. S offering of senior notes by UEP Penonomé II, S.A., an indirect subsidiary of InterEnergy Group Ltd.; the first green project bond issuance by a private company in Central America and the Caribbean
• BofA Securities, Inc. and Banco General, S.A., as initial purchasers, in connection with a Rule 144A/Reg. S offering of senior notes by ENA Master Trust
• Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BNP Paribas Securities Corp., Morgan Stanley & Co. LLC and Scotia Capital (USA) Inc., as initial purchasers, in connection with a Rule 144A/Reg. S offering of senior notes by Cable Onda
• Banco General, S.A. on its offering of senior notes
• Citigroup Global Markets Inc. in connection with an offering of notes by the Republic of Guatemala
• Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC in connection with an offering of notes by Capex S.A.
• Empresa Nacional del Petróleo, a Chilean state-owned enterprise, in connection with multiple offerings of senior notes
• Transelec S.A., Chile’s largest power transmission company, in connection with multiple offerings of senior notes
• Aeropuerto Internacional de Tocumen, S.A., a Panamanian state-owned operator of the country’s principal international airport, in connection with multiple offerings of senior secured notes and liability management transactions
• Autoridad del Canal de Panamá, a Panamanian autonomous legal entity, in connection with its inaugural bond offering (Best Infrastructure Financing – Central America, Latin Finance, 2015)
• Abengoa Transmisión Sur S.A. and Abengoa, S.A, in connection with the purchase and sale of senior secured notes (IJGlobal Americas Bond Deal of the Year, 2014)
• Citigroup Global Markets Inc. and J.P. Morgan Securities LLC on the Republic of Panama’s shelf takedown of bonds

Project Development & Finance

• Panama Canal Authority with respect to the financing aspects of its $5.2 billion expansion program that created a third lane for transiting vessels, with a capacity of almost 13,200 TEUs, nearly three times the capacity of Panamax vessels, thereby supporting greater economies of scale. It involved a complex financing structure led by five multilateral/export credit agencies, including IDB, CAF, EIB, IFC and JBIC (Project Finance Deal of the Year by LatinFinance 2016)
• LNG Group Panama in connection with the development and financing of a proposed LNG regasification plant and gas-fired power plant
• The Bank of Nova Scotia, as Administrative Agent, and the lenders of a facility to refinance payment obligations of the Republic of Panama incurred in connection with the construction of road infrastructure, which was guaranteed by the Inter-American Development Bank

Corporate: Latin America

• Ecopetrol in its $1.5 billion joint venture with Occidental Petroleum to develop oil & gas assets in the Permian Basin in West Texas
• The owners of Distribuidora Xtra S.A. in their sale of a stake in the company to Southern Cross Latin America Private Equity Fund
• Organización Corona in its acquisition of Incesa, the principal supplier of kitchen and bath supplies in Central America, and the American Standard brand throughout Central America
• SQM: Advised the independent committee of the board on an internal investigation
• AtlasBank, a financial institution providing banking and clearing services through sophisticated technology solutions, in connection with licensing and general corporate matters
• Ecopetrol in connection with the reorganization of the corporate ownership structure of Ecopetrol America

Corporate: Europe & Middle East

• Agility Public Warehousing Company in its joint venture with France Telecom and Korek Telecom in Iraq and in its acquisitions of GeoLogistics Corporation,
• Transoceanic Shipping Company and Trans-Link Express
• Mubadala in its acquisition and subsequent disposition of a stake in LeasePlan Corporation jointly with Volkswagen and other investors
• International Petroleum Investment Company in the acquisition, jointly with OMV, of Borealis and in the acquisition of a 38% interest in Cepsa from Banco Santander and Union Fenosa
• McGraw-Hill Education in its acquisition of a minority stake in Busuu, the largest social network for language learning
• Occidental Hotels in the acquisition of Allegro Resorts Corporation
• Société Générale in the acquisition of TCW Group Inc.
• Genset S.A. in its acquisition by Serono S.A.
• Orascom Telecom in its acquisition of a majority interest in two GSM operators, Telecel International and Pakistan Mobile Communications

Professional Affiliations

• American Bar Association
• New York City Bar Association