Arias is a Central American firm established in 1942. In addition to El Salvador, it also has offices in Guatemala, Honduras, Nicaragua, Costa Rica and Panama.  
   
Focusses / specialisms  
Arias is a leading firm for banking and M&A in El Salvador.  
The firm’s recent banking work consists primarily of advice to lenders, but the team acts for borrowers regularly as well.  
The firm is most active in the aviation, energy, banking, hospitality, pharmaceutical and technology sectors.  
   
Key clients  
Key clients include IBD Invest, Unilever, Citibank and Walmart.  
   
Research period review: 33rd edition (2022/2023)  
Throughout the research period, the team worked on banking and finance transactions such as refinancing and financing agreements, where borrowers and lenders were equally represented. 
The team also completed mergers and acquisitions transactions, acting for merger parties and sellers in both strategic and private equity acquisitions across several industries. 
 
Deal highlights: 33rd edition (2022/2023)  
Digicel $600 million refinancing 
Elkay Manufacturing/Zurn Water Solutions merger 
Sentinel Capital Partners acquisition of L2 Brands 
  
Client feedback: 33rd edition (2022/2023) 
Banking and finance 
“Deep knowledge of the laws and contractual terms and conditions.” 
“A team with a lot of experience, dedicating time to their clients, looking for correct solutions.” 
 
Armando Arias 
“A lot of experience in diverse areas: banking, M&A, commercial and international contracts. He has relevant leading participation in various litigations and arbitrations with successional conclusions.”  
 
Roberta Gallardo 
“Has deep knowledge and experience advising financial transactions.”