Practice area

IFLR1000 Reviews

Financial and corporate
Bustamante & Bustamante

Bustamante & Bustamante is a top transactional firm.

On the banking side the firm advises a mix of borrowers and lenders, though the firm’s recent reported work involves more lender side representation.

The firm’s M&A team has advised a mix of buyers, sellers and joint venture parties on key deals in range of sectors including financial services, pharmaceuticals and retail.

The firm’s project development team has been active advising oil and gas and mining companies as bidders and developers.

Recent Deal Data highlights

•                      Socofar acquisition of GPF

•                      TC Transcontinental $1.32 billion acquisition of Coveris Americas division

•                      Tevcol acquisition of G4S

Carmigniani Pérez

Carmigniani Pérez Abogados reported recent work in M&A advising a mix of sellers and buyers. The firm saw work in pharmaceuticals, agriculture and plastics.

Recent Deal Data highlights

•                      Compagnie Fruitière acquisition of banana farms

Client feedback


“They do a great job. A few times, they could improve their response times, but most of the time, they do reply on a timely fashion.” – Project development 


Corral Rosales

CorralRosales works on high value M&A in the market. It also has a strong banking team advises a mix of borrowers and lenders on credit facilities.

The M&A team works in a range of sectors but saw some significant deals in healthcare and oil and gas sectors recently and was primarily involved on the buy side this research period.

Recent Deal Data highlights

•                      Nestlé acquisition of majority stake in Terrafertil

•                      Organización Terpel $714.7 million acquisition of ExxonMobil lubricants business in Colombia, Peru and Ecuador

•                      Productos Familia $35 million acquisition of Inpaecsa

Client feedback

“Strengths include the direct interaction with the partner, amazing legal advice with expert knowledge, partnership orientation helping the general counsel decide the best option, competitive prices and availability at all times. There is nothing that I can recommend they need improvement with.” – M&A

“The firm has deep knowledge and experience. We didn’t see any weaknesses at all.” – Project development

Fabara & Compañía Abogados

Fabara & Compañía Abogados is a strong transactional firm. The firm is active in the sovereign finance space and worked on several deals over the research period advising banks on financings to the Republic of Ecuador.

The firm has also advised companies on selling stock, acquiring real estate and transferring shares to a new entity as part of its global corporate restructuring.

Recent Deal Data highlights

•                      Equivida / Colvida merger

•                      Republic of Ecuador $500 million financing


FERRERE, the Ecuadoran arm of the South American regional firm, is a top firm in project development. The firm is also strong in financing and M&A.

The firm often advises lenders on financings, and IDB was a particularly active client this research period. 

Recent M&A work mostly involved buy side work but the firm also advised targets and sellers.

In projects over the research period the firm worked primarily in the oil and gas and mining sectors. It advised companies in these sectors on commercial, supply agreements and lease agreements, as well as on public bids.

The firm added Juan Francisco Simone as senior associate to its banking, corporate and insurance team.

Recent Deal Data highlights

•                      InRetail Perú $583 million acquisition of Quicorp

•                      Movistar Ecuador $50 million financing

•                      Produbanco $30 million financing

Flor & Hurtado

Flor & Hurtado, founded in 2017, has a strong presence in the project finance space. Recent transactions involved advice to lenders on project financings.

Recent Deal Data highlights

•                      Fruta del Norte gold project

•                      Posorja deepwater port PPP

•                      Rio Verde Chico 10MW hydropower plant

Paz Horowitz

Paz Horowitz is an active M&A firm and has been active advising buyers and sellers on deals this research period.. The firm works in a range of sectors but real estate has been particularly active recently.    

Recent Deal Data highlights

•                      Tevcol acquisition of G4S

Pérez Bustamante & Ponce

Pérez Bustamante & Ponce is a leader across the board and works on some of the most important transactions in the market.

The firm’s banking team is robust, and most banking highlights this research period focused on advising the lenders on credit facilities.

Many of the firm’s highlights this research period involved cross border or multijurisdictional acquisitions where the firm working for a mix of buyers and sellers.

The firm has a top project development team which has been active advising mining and oil and gas companies on regulatory matters and contracts related to projects in these sectors.

Recent Deal Data highlights

•                      InRetail Perú $583 million acquisition of Quicorp

•                      Organización Terpel $714.7 million acquisition of ExxonMobil lubricants business in Colombia, Peru and Ecuador

•                       Zurich Insurance $409 million acquisition of QBE Insurance Group’s Latin American business

Client feedback

“Very knowledgeable in Ecuadoran law, practice and culture.  The firm anticipated areas of concern.   Very good with tax analysis.” – M&A  

“The firm was crucial to help us achieve our milestones. Without their support, advice and experience it would be impossible to proceed.” – Project development

“Very good.” – Project development

“High quality of legal technicalities. Excellent skills in stakeholders’ relationship. Committed to the cause of the client.” – Project finance

Pino Elizalde

Pino Elizalde, a new firm founded in 2017, has made a name for itself through its work advising companies on acquiring other companies and assets, providing general regulatory advice to clients operating in Ecuador and advising on projects.

The firm’s projects team has seen most of its recent work in the mining and oil and gas sectors though it has also seen work in the ports sector. The team advises on general regulatory matters and on matters such as land acquisition for projects.

Client feedback

“Very knowledgeable of the subject and industry and provided clear practical guidance.” – Financial services regulatory  

“Fantastic service and prime assistance with great turnaround time. Excellent quality of advice. Flexible. Amazing people.” – M&A, Financial services regulatory

Daniel Pino

“Very knowledgeable and practical.”

“Amazing service by Daniel. He understands business and priorities from clients.”