Sergio J. Galvis

Partner at Sullivan & Cromwell LLP

Sergio J. Galvis

Sergio J. Galvis

Partner at Sullivan & Cromwell LLP

Biography

Sergio Galvis is a leading corporate lawyer in the United States who is known for his cross-border work, especially in Latin America. He joined Sullivan & Cromwell after graduating from Harvard Law School and clerking for the Hon. Lawrence W. Pierce, Second Circuit U.S. Court of Appeals, and has been a partner of the Firm since 1991. He is a member of S&C’s Management Committee, oversees the Firm’s recruiting function and leads its Latin America practice.

Sergio has worked with clients across more than 25 countries in Asia, Europe and the Americas on hundreds of significant matters in a broad range of practices, including M&A, project financing, capital markets, sovereign financing, workouts and restructurings, corporate governance, crisis management, investigations and disputes.

Sergio is involved with many not-for-profit and foreign policy organizations, including the Council on Foreign Relations and the Council of the Americas, and is a trustee of the University of the Andes Foundation. He was born in Colombia and speaks Spanish and Portuguese.

Selected Representations

Sergio’s matters reflect the breadth of his practice.

M&A, JVs and PE

Airline/Aviation

* Delta Air Lines (U.S.) in its strategic partnership with LATAM Airlines Group (Chile) and Delta’s $1.9 billion investment for a 20 percent stake in LATAM
* LAN Airlines S.A. (Chile) in its combination with TAM S.A. (Brazil), creating the largest airline in Latin America and one of the largest in the world
Financial Services
* Grupo de Inversiones Suramericana (Grupo SURA) (Colombia) in connection with La Caisse de dépôt et placement du Québec’s (CDPQ) (Canada) announced acquisition, subject to regulatory approval, of a strategic minority interest in Grupo SURA’s subsidiary SURA Asset Management (Colombia), one of Latin America’s leading financial institutions with $135 billion in assets under management, from sellers Bancolombia and Grupo Wiese (Peru)
* Bancolombia S.A. (Colombia) in its $2.2 billion acquisition of HSBC Bank (Panama) S.A. and its subsidiaries, the largest-ever foreign acquisition by a Colombian company; and in its $790 million acquisition of Banagrícola (El Salvador) and $1 billion three-way merger with CONAVI (Colombia) and CORFINSURA (Colombia)
* Ally Financial Inc. (U.S.) in the $865 million sale of its Mexican insurance business, ABA Seguros, to the ACE Group (U.S.); and in the $4.2 billion sale of its international operations, including in Brazil, Mexico, Colombia and Chile
* Banco Bilbao Vizcaya Argentaria S.A. (BBVA) (Spain) in the $1.6 billion sale of its Mexican pension fund administrator, Administradora de Fondos para el Retiro Bancomer, S.A. de C.V., to Afore XXI Banorte, S.A. de C.V. (Mexico)
* ING Groep N.V. (Netherlands) in the $3.8 billion sale of its Latin American pensions, life insurance and investment management operations to Grupo de Inversiones Suramericana SA (Colombia)
* The Royal Bank of Scotland in the sale of its Argentine operations to Banco Comafi; and separately, in the individual sales of its Chilean and Colombian banking operations to Scotiabank (Canada)
Healthcare
* Enfoca (Peru) in connection with its portfolio company Grupo Aúna’s (Peru) agreement to acquire Grupo Empresarial Las Américas (Colombia)
* UnitedHealth Group (U.S.) in connection with its wholly owned subsidiary’s definitive purchase agreement with Empresas Banmédica (Chile) and certain of its shareholders and the resulting tender offer for all of Banmédica’s outstanding shares, valuing Banmédica’s equity at approximately $2.8 billion (Latin Lawyer M&A Deal of the Year, 2017)
* UnitedHealth Group Incorporated (U.S.) in its $4.9 billion acquisition of 90 percent of Amil Participações S.A. (Brazil)
Natural Resources
* BHP (Australia) in its agreements with BP America Production Company (U.S.), a wholly owned subsidiary of BP Plc (U.K.), and MMGJ Hugoton III, LLC (U.S.), a company owned by Merit Energy Company (U.S.), for the sale of its entire interests in the Eagle Ford, Haynesville, Permian and Fayetteville Onshore US oil and gas assets for a combined consideration of US$10.8 billion
* Minsur (Peru) in its sale of a 40 percent stake in Cumbres Andinas (Peru), its subsidiary that owns Marcobre and the Mina Justa copper project, to Alxar Internacional, a subsidiary of Empresas Copec (Chile), in a transaction valued at $200 million
* OCP (Ecuador) in connection with the $385 million acquisition by Sinopec (China) of a 30 percent interest in OCP, including the assignment of transportation and other rights
* Sumitomo Metal Mining Co., Ltd. (Japan) in its $1 billion acquisition of an additional 13 percent interest in the Morenci copper mine operated by Freeport-McMoRan Inc. (U.S.)
* Repsol (Spain) as U.S. counsel in its agreement with Talisman Energy (Canada) to acquire 100 percent of the shares of Talisman for US$8.3 billion
* Antofagasta plc (U.K.) in the acquisitions by Marubeni Corporation (Japan) of significant interests in Minera Antucoya (Chile), Minera Esperanza (Chile) and Minera El Tesoro (Chile); in the two companies’ agreement to contribute the Encuentro mining properties into Minera Centinela (Chile); and Antofagasta plc/Minera Los Pelambres (U.K./Chile) in its transfer of its 40 percent stake in the Alto Maipo hydroelectric project to AES Gener S.A. (Chile).
* Sumitomo Metal Mining Co., Ltd. (Japan) and Sumitomo Corporation (U.S.) in their $2.9 billion joint venture with Quadra FNX Mining Ltd. (Canada), for investment in the Sierra Gorda copper-molybdenum project (Chile)
* Mitsui & Co., Ltd. (Japan) in its acquisition – with The Mosaic Company (U.S.) and Vale S.A. (Brazil) – of non-controlling stakes in a phosphorus ore project being developed by Vale in the Bayóvar area of Peru’s Piura Province – the transaction valued the Bayóvar project at $1.1 billion, with a wholly owned subsidiary of Mitsui having purchased 25 percent of the project for $275 million
* Anglo American (U.K.) in its $5.5 billion acquisition of IronX (renamed Anglo Ferrous Brazil S.A.) demerged from MMX Mineração e Metálicos S.A. (Brazil), through an initial acquisition of a 63.5 percent stake from controlling shareholders and a following tagalong to remaining shareholders. Anglo Ferrous owns a 51 percent interest in the Minas-Rio iron ore mining project and 70 percent interest in the Amapá iron ore system
Power, Infrastructure and Industrials
* A consortium led by China Three Gorges, including Hubei Energy Group (China), ACE Investment Fund II LP (Cayman Islands) and CNIC (Hong Kong), in its $1.39 billion acquisition of Empresa de Generación Huallaga (Peru) from Odebrecht Energia del Perú (Peru) and Odebrecht Energía (Brazil) (Latin Lawyer Banking and Finance Deal of the Year, 2019; International Tax Review Americas Awards Impact Deal of the Year, 2019)
* Grupo Argos (Colombia) in the COP 407 billion sale of its 50 percent stake in the port operator Compañía de Puertos Asociados (Compas) (Colombia) to West Street Infrastructure Partners III, an investment fund managed by Goldman Sachs (U.S.)
* State Grid International Development Limited (China) in its acquisition, in a negotiated initial sale and follow-on tender offer, of a 94.8 percent stake in CPFL Energia S.A. (Brazil) from Camargo Corrêa S.A. (Brazil), several Brazilian pension funds and other shareholders for a total enterprise value of approximately $13 billion (The Financial Times Innovation in Legal Expertise: Managing Complexity and Scale, 2017)
* Endesa (Spain) in the $58.4 billion acquisition by Enel (Italy) and Acciona (Spain), as well as in the prior unsolicited bids for Endesa by E.ON (Germany) for $81.8 billion and Gas Natural (Spain) for $52.3 billion
* Canada Pension Plan Investment Board as a member of a private equity consortium in the $1.5 billion acquisition of HQI Transelec Chile (Chile) from Hydro-Québec (Canada)
* Cementos Argos S.A. (Colombia) in its subsidiary’s $660 million acq

Overview
RelSci Relationships

1354

Number of Boards

1

Number of Awards

21

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Partner at Sullivan & Cromwell LLP

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Senior Chair at Sullivan & Cromwell LLP

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Partner at Sullivan & Cromwell LLP

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Managing Partner, Executive Compensation & Benefits Practice Group at Sullivan & Cromwell LLP

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Partner at Sullivan & Cromwell LLP

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Partner at Sullivan & Cromwell LLP

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Partner at Sullivan & Cromwell LLP

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Partner at Sullivan & Cromwell LLP

Relationship likelihood: Strong

Partner at Sullivan & Cromwell LLP

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Partner at Sullivan & Cromwell LLP

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In The News
South Florida Sun-Sentinel
August 1, 2020
MLB
The New York Times
August 4, 2016
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Sergio J. Galvis
Partner at Sullivan & Cromwell LLP
Education
JD
Class of 1983

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
Class of 1980

The College of William & Mary in Virginia (also known as The College, William & Mary, or W&M) is a public research university located in Williamsburg, Virginia, United States. Privately founded in 1693 by letters patent issued by King William III and Queen Mary II, it is the second-oldest institution of higher education in the United States after Harvard University.

Career History
Partner
Current

Sullivan & Cromwell provides legal advisory services to financial, healthcare, insurance, real estate, energy, other sectors.

Clerk
1983 - 1984

The United States Court of Appeals for the Second Circuit (in case citations, 2d Cir.) is one of the thirteen United States Courts of Appeals. Its territory comprises the states of Connecticut, New York, and Vermont, and the court has appellate jurisdiction over the district courts in the following districts: District of Connecticut, Eastern District of New York, Northern District of New York, Southern District of New York, Western District of New York, District of Vermont.

Non-Profit Donations & Grants

Learn how non-profit organizations benefit from RelSci
$1 - $10K
2019

Council on Foreign Relations, Inc. provides and disseminates ideas on foreign policies to individuals, corporate members, journalists and policy makers. It operates a forum for government officials, students and other interested parties to study and discuss world issues and impact on American foreign policies. The company publishes Foreign Affairs, a magazine that comes out six times a year, along with books and studies by its own scholars. Council on Foreign Relations was founded in 1921 and is headquartered in New York City, NY.

$1 - $10K
2018

Council on Foreign Relations, Inc. provides and disseminates ideas on foreign policies to individuals, corporate members, journalists and policy makers. It operates a forum for government officials, students and other interested parties to study and discuss world issues and impact on American foreign policies. The company publishes Foreign Affairs, a magazine that comes out six times a year, along with books and studies by its own scholars. Council on Foreign Relations was founded in 1921 and is headquartered in New York City, NY.

$1 - $10K
2017

Council on Foreign Relations, Inc. provides and disseminates ideas on foreign policies to individuals, corporate members, journalists and policy makers. It operates a forum for government officials, students and other interested parties to study and discuss world issues and impact on American foreign policies. The company publishes Foreign Affairs, a magazine that comes out six times a year, along with books and studies by its own scholars. Council on Foreign Relations was founded in 1921 and is headquartered in New York City, NY.

Political Donations
$2,200
2019

Senator from Maine

$2,800
2019

Senator from Maine

$2,700
2018

Senator at Office of the Senator from Utah, Mitt Romney

Transactions
Details Hidden

Tenaris SA purchases IPSCO Tubulars, Inc. from TMK PAO

Details Hidden

Empresa De Generacion Huallaga SA /Pvt Group purchases Empresa de Generación Huallaga SA from Odbinv SA

Details Hidden

State Grid Corp. of China, State Grid Brazil Power Participações Ltda. purchase CPFL Energia SA from Caixa de Previdência dos Funcionários do Banco do Brasil

Awards & Honors
2012
Super Lawyers - New York Super Lawyers, Mergers & Acquisitions
2011
Lawdragon 500: Leading Lawyers in America
2011
Super Lawyers - New York Super Lawyers, Mergers & Acquisitions
Events
Speaker
São Paulo, Brazil
Second Annual Latin Lawyer M&A Conference

Organizer
Bogota, Colombia
IBA Latin American Regional Forum Conference

The Biennial IBA Latin American Regional Forum Conference connects professionals and investors to discuss and get an update on the various and significant developments and changes of one of the most important emerging market regions around the globe.

Other Affiliations
This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Sergio J. Galvis. 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 Sergio J. Galvis's profile does not indicate a business or promotional relationship of any kind between RelSci and Sergio J. Galvis.