Carlos E. Martinez

Partner at Proskauer Rose LLP

Carlos E. Martinez

Carlos E. Martinez

Partner at Proskauer Rose LLP

Biography

Carlos E. Martinez is a partner and head of the Latin America Practice Group.

Carlos has 30 years of experience in Latin American cross-border transactions. He has participated in numerous debt and equity securities offerings by Latin American issuers, representing issuers, selling stockholders and underwriters. In the mergers and acquisitions area, Carlos has represented acquirers, investors and target companies in several cross-border transactions. He also represents creditors and borrowers in a wide range of other financial transactions, including bank lending, project finance, asset-backed financings and restructurings.

Several of Carlos's transactions were “first-of-its-kind,” including some which were awarded “Deal of the Year” honors by specialized publications such as Latin Lawyer, M&A Advisor, Latin Finance and Project Finance Magazine. Chambers Latin America recently referred to Carlos as a “well-respected generalist” who is “one of the best names in top-end bond work.”

Carlos has written articles on privatization capital markets, free trade agreements and restructurings in Latin America. He has also lectured on the legal aspects of international finance at several symposia and universities.

Some of the transactions in which Carlos has participated include the:

Acquisitions

*$800 million joint venture between Quantum Energy, S.A. de C.V., a Salvadorian investment group, with Invenergy, a U.S. private equity energy company, for the construction and operation of a natural-gas fueled 355 MW power plant in Acajutla, El Salvador

*
$400 million acquisition of HSBC Bank’s operations in Colombia, Paraguay, Peru and Uruguay by Banco GNB Sudameris S.A., a Colombian banking institution

*
$320 million sale by Pacific Exploration & Production, the Canadian oil and gas company with operations in Columbia, Peru and several other countries, to the International Finance Corporation and a consortium of investors of approximately 43% of Pacific Midstream Ltd., which holds pipeline and power transmission assets

*
$3.4 billion acquisition by Grifols S.A., the Barcelona-based pharmaceutical company, of Talecris Biotherapeutics

*
$388 million acquisition of North American Breweries Holdings, LLC, a KPS Capital Partners, LP portfolio company by Cerveceria Costa Rica S.A., a Costa Rican food and beverage company

*
$1.5 billion Citigroup acquisition of the subsidiaries and certain assets and liabilities of Central America's second largest financial group, Grupo Cuscatlan, from Corporacion UBC International S.A.

*$210 million acquisition by Votorantim Metais Ltda., a Brazilian mining and metallurgy group, of Refinería de Zinc de Cajamarquilla S.A., the owner and operator of the Cajamarquilla zinc refinery in Peru. The sellers were Teck Cominco Limited, the Canadian diversified mining company, and Marubeni Corporation, the Japanese conglomerate.

*$1.2 billion acquisition of Pepsi-Gemex, S.A. de C.V., the Mexican bottler, by The Pepsi Bottling Group, Inc., the largest bottler of Pepsico products in the world, pursuant to a dual tender offer in the United States and Mexico.

*The sale of an iron mine project by Votorantim Novos Negocios, the private equity arm of the Votorantim Group, to Honbridge, a Hong Kong Stock Exchange-listed company.

*Acquisition from Enron Corp. of Azurix Corp, and its Argentine subsidiaries, which held the water services concessions for the Provinces of Buenos Aires and Mendoza.

Debt Offerings

*Seven Rule 144A/Regulation S offerings, aggregating $4.5 billion, for Pacific Exploration & Production, a Canadian company listed on the Toronto and the Colombian stock exchanges with oil and gas operations in Colombia, Peru and several other countries.

*
$250 million debt offering of 7.5% subordinated notes due 2022, a $300 million debt offering of 3.875% senior notes due 2018 and a $300 million debt offering of 6.5% subordinated notes due 2027 for Banco GNB Sudameris S.A., a Colombian banking institution

*
$120 million subordinated notes Rule 144A/Regulation S offering by the Panamanian branch of Banco de Crédito del Perú, the largest commercial bank in Peru, representing Citigroup Global Markets, Inc., as underwriter. This was the first time that a Peruvian subordinated debt issuance received a higher rating than Peruvian sovereign debt.

*
$350 million Rule 144A/Regulation S offering by Compañía Minera Milpo, a Peruvian mining company, of 4.625% senior notes due 2023.

*$400 million and $300 million Rule 144A/Regulation S bond offerings by Grupo Votorantim, the Brazilian industrial and financial conglomerate, through special-purpose Cayman Islands vehicles.

*$162 million project finance funded in the international capital markets for the construction of a delayed coker and cogeneration facility for Foster Wheeler and Empresa Nacional de Petroleo de Chile in Talcahuano, Chile.

Bank Financings

*$116 million DIP and exit secured letter of credit financing for Pacific Exploration & Production

*
$210 million term facility and $25 million revolving credit facility to finance the acquisition of North American Breweries Holdings, LLC by Cerveceria Costa Rica S.A.

*
$350 million revolving credit facility and the $350 million borrowing base facility for Pacific Exploration & Production.

*$130 million senior secured syndicated loan, led by Credit Suisse, to Compañía Minera Milpo, S.A.A. for the acquisition of the Atacocha zinc and lead mines in Peru.

*$3.4 billion multi-tranche, multi-currency syndicated term loan and revolving credit facility for Grifols, S.A., the Spanish pharmaceutical company.

Restructuring/Liability Management

*Restructuring of $5.3 billion of debt in the form of bonds and bilateral and syndicated credit facilities for Pacific Exploration & Production, pursuant to judicial reorganization processes in Canada, Colombia and the United States

*
Various liability management transactions for Pacific Exploration & Production involving exchange offers, bank amendments and consent solicitation to extend the maturity profile of its indebtedness.

*
Restructuring of $275 million of bonds of Maxcom Telecomunicaciones, S.A. de C.V., the Mexican local telephone company, through a Section 3(a)(9)-exempted transaction, which also involved a private equity investment of $66 million.

*Rights, primary and secondary offering totaling $147 million, a public exchange offer pursuant to a capital restructuring aggregating approximately $350 million and two high-yield debt offerings aggregating $500 million by Grupo Iusacell, the Mexican mobile telephony company.

Equity Offerings

*U.S. IPO for Grifols S.A, the Barcelona-based pharmaceutical company, pursuant to an F-4 exchange of shares with shareholders of $3.4 billion acquisition target Talecris Biotherapeutics

*
$1.2 billion public offering of a 35 percent interest in CANTV, the Venezuelan telecommunications company, by the Republic of Venezuela.

*$60 million initial public offering by Cresud, S.A.C.I.F. y A., the Argentine livestock and agricultural producer.

*€312.4 million initial public offering in Spain of Grifols, S.A., a Spanish-based leading global specialty biopharmaceutical company.

*Brazilian IPO of Porto Seguro, S.A., the insurance company, which included U.S. private placement and Regulation S tranches.

*$535 million Rule 144A/Regulation S equity offering by Petrobras, the Brazilian national oil and gas company.

Overview
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Number of Boards

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Number of Awards

23

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Partner at Proskauer Rose LLP

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Partner at Proskauer Rose LLP

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Partner at Proskauer Rose LLP

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Partner at Proskauer Rose LLP

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Partner at Proskauer Rose LLP

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Partner at Proskauer Rose LLP

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Partner at Proskauer Rose LLP

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Partner at Proskauer Rose LLP

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Co-Chair, ERISA Litigation Practice Group at Proskauer Rose LLP

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Carlos E. Martinez
Partner at Proskauer Rose LLP
Education
JD
Class of 1987

Harvard Law School offers an energetic and creative learning environment, a diverse and dedicated faculty—whose expertise spans a broad array of legal subjects—and a student body that comes from every state in the U.S. and more than 70 countries around the world. Approximately 1,900 students attend HLS each year: 1,680 J.D. students, 160 LL.M. students, and 50 S.J.D. candidates. The faculty includes more than 100 full-time professors and more than 150 visiting professors, lecturers on law, and instructors. The curriculum features more than 260 courses and seminars that cover a broad range of traditional and emerging legal fields. A Harvard Law education prepares students for success in law practice, business, public service, teaching, and more. Most HLS students are pursuing a J.D. (Juris Doctor) degree, while many others are earning an LL.M. (Master of Laws) or the S.J.D. (Doctor of Juridical Science). Harvard Law School also offers many joint degree programs, coordinated programs, and concurrent degree opportunities with other schools within Harvard University. The Law School community is also home to numerous research programs and engaging publications, including books, scholarly periodicals, newsletters, and a weekly student newspaper.

BA, High Honors, Phi Beta Kappa
Class of 1984

The State University of New York at Binghamton, also known as Binghamton University is a public research university in the U.S. state of New York. The university is one of the four university centers in the State University of New York (SUNY) system. Since its establishment in 1946, the University has grown from a small liberal arts college, Harpur College, to a large doctoral-granting institution, presently consisting of six colleges and schools, and is now home to nearly 15,000 undergraduate and graduate students. The university's main campus is located in the Town of Vestal, with a secondary education center located in the nearby downtown Binghamton. Binghamton University is currently ranked 89th among the 262 national universities ranked in the 2013 U.S. News America's Best Colleges and Universities ranking and has been called a "Public Ivy".

Career History
Partner
Current

Proskauer Rose LLP is a law firm in New York, NY. It offers corporate finance, mergers and acquisitions, private equity, real estate transactions, bankruptcy and reorganizations, taxation, litigation, trusts and estates, intellectual property, and labor and employment law services. It serves the chemicals, entertainment, financial services, health care, hospitality, information technology, insurance, internet, manufacturing, media and communications, pharmaceuticals, real estate investment, sports, and transportation industries. The company was founded in 1875.

Transactions
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Pacific Midstream Ltd. /Private Group, IFC Asset Management Co. LLC purchase Pacific Midstream Ltd. from Frontera Energy Corp.

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Frontera Energy Corp. purchases Petrominerales Ltd.

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Florida Ice & Farm SA, Cerveceria Costa Rica SA purchase North American Breweries, Inc. from KPS Capital Partners LLC

Awards & Honors
2013
Chambers and Partners - Latin America's Leading Lawyers for Business, Capital Markets
2013
Chambers Latin America - Latin America's Leading Lawyers for Business, Corporate/M&A
2012
Super Lawyers Magazine - New York Super Lawyers
Other Affiliations

Carlos E. Martinez is affiliated with Proskauer Rose LLP

This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Carlos E. Martinez. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of Carlos E. Martinez's profile does not indicate a business or promotional relationship of any kind between RelSci and Carlos E. Martinez.