Antonio Del Pino, Global Chair of Latham & Watkins’ Latin America Practice, advises companies, private equity firms, and financial institutions on cross-border acquisitions, divestitures, financings, and restructurings.

Antonio brings more than three decades of experience navigating complex transactions on behalf of sophisticated clients doing business in Latin America. His practice focuses on M&A and private equity transactions in the region, leading Latham to the top of the market in the space. The firm regularly tops the regional league tables for M&A and private equity transactions in the region.

He combines keen market insights with bilingual language skills to handle matters across industries, with a particular focus on the infrastructure, energy, and financial services sectors.

In recognition of his industry leadership, Antonio was an appointed member of the United States State Department’s Advisory Committee on International Economic Policy. He also serves on the Board of Directors of the Council of the Americas.

Antonio regularly advises on pro bono matters. His work includes representing Acción International in connection with investments in microfinance institutions around the world.

Antonio has represented buyers and sellers on some of the most significant M&A transactions in the region over the last several years. Some examples of his work include representing:

  • GIP and its portfolio companies in connection with:
    • The combination of Saavi Energía's power infrastructure assets with Grupo México's, creating Mexico's largest private power generation platform valued at US$5.5 billion 
    • The acquisition of a 50% stake of Trabajos Maritimos (Tramarsa), a Peru-based port infrastructure platform and joint venture arrangements with Grupo Romero, which was awarded multiple deal of the year awards including by Latin Lawyer and PFI 
    • The acquisition and corresponding financing of Atlas Renewable Energy, a renewable energy company that develops, builds, and operates solar and wind projects in Latin America, a deal valued at approximately US$2 billion, which garnered multiple deals of the year awards including by GBM and Infrastructure Investor
    • The sale by Atlas Renewable of certain reais denominated solar projects in Brazil to Engie Brazil
    • The acquisition of Saavi Energia, the largest privately held power generator in Mexico
    • A significant minority investment in Chile Renovables SpA, renewable energy affiliate of AES Andes SA, which garnered multiple deal of the year awards including Renewable Energy Financing of the Year by LatinFinance Project & Infrastructure Finance Awards
  • Canada Pension Plan Investment Board in connection with its investment in Inkia, the largest independent power generation company in Peru in a deal valued at US$3.4 billion
  • Telefónica in connection with several landmark transactions including:
    • A cutting-edge transaction with KKR to form a joint venture to develop Chile’s fiber optic to residence sector and related financing arrangements which was awarded Digital Infrastructure/Telecoms Financing of the Year LatinFinance Project & Infrastructure Finance
    • Joint venture with KKR to establish Colombia’s first nationwide open access fiber optic network and related financing arrangements which was awarded Americas Digital Infrastructure Acquisition of the Year by IJInvestor
    • The sale of its subsidiaries in Argentina, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Nicaragua, Panama and Uruguay in separate transactions to multiple acquirors including America Movil/Claro, Liberty and Millicom, for an aggregate amount in excess of US$5 billion
  • Davivienda in its combination with Scotia’s banking operations in Colombia, Costa Rica and Panama.  The combined entity reaches nearly US$60 billion in assets and 27.4 million clients
  • Banco Galicia in its landmark acquisition of HSBC Argentina for cash and shares valued at over US$600 million in one of the largest M&A transactions in the Argentine financial sector
  • Patria on its:
    • Acquisition of United Health Group’s subsidiaries in Chile and Colombia for US$1 billion
    • Joint venture with Bancolombia to provide asset management services in Colombia
  • Investment Management Corporation of Ontario in connection with its US$250 million investment in Scala Data Centers, a leading Brazilian data infrastructure company
  • HIF, a Chilean e-fuel company, in connection with several rounds of investments and shareholding arrangements from EIG, Porsche, Baker Hughes MOL, Idemitsu, and Japan Organization for Metals and Energy Security to develop a global platform of e-fuels and green hydrogen projects, garnering multiple deals of the year awards including 2025 Energy Transition Deal of the Year, Latin America by IJGlobal Investor Americas Awards
  • AME Genera and Generadora Metropolitana in connection with multiple transactions including debt and equity investments from EIG and other financing sources and the development and financing of a BESS project located in Chile, which IJGlobal recognized as the Power to X Deal of the Year in Latin America
  • American Airlines on its:
    • US$200 million investment agreement with GOL Linhas Aéreas Inteligentes S.A., Brazil’s largest airline, and exclusive commercial partnership to create the broadest network in the Americas
    • US$100 million investment in Azul Linhas Aereas in Brazil
  • Tresalia Capital in the sale of Kio Networks (Mexico), Latin America’s largest data center operator at the time for a transaction value of approximately US$1 billion
  • Fifco in its US$3.2 billion sale of its beverage and retail business in Costa Rica, Nicaragua, Mexico and Panama to Heineken
  • Softys, a Chilean company, in its acquisition of leading personal care brands with the
    • Acquisition of Ontex Mexico
    • Acquisition of Ontex Brazil
  • Grupo Aval in connection with several matters including: 
    • Several acquisitions of banks and other financial services business including its acquisitions of Banco Bilbao Vizcaya Argentaria Panama and BBVA Horizonte in Colombia
    • Avianca’s chapter 11 restructuring and a structured financing related to ticket sales which was awarded  Corporate Restructuring of the Year by LatinFinance
  • IFM Global Infrastructure on several complex investments in infrastructure assets in Chile, Colombia, Mexico, Peru, and Spain valued at over US$5 billion, including its acquisition of OHL Concesiones for €2.7 billion, which was awarded Latin American Private Equity Deal of the Year by LatinFinance
  • CDPQ in connection with its acquisition of a 80% stake in Enel Green Power’s renewable power portfolio in Mexico for US$1.4 billion, which involved an innovative build, transfer, and operate model; 
  • Linzor Capital on several acquisitions and divestitures in Argentina, Brazil, Chile, Colombia, Mexico, and Peru, including
    • Its acquisition of Wi-Net Telecom in Peru, the second largest fiber broadband provider in the country
    • US$1.1 billion acquisition of GE Capital’s equipment lending and leasing platform in Mexico
  • Tootsie Roll in its acquisition of Klass’ confectionary business in Mexico
  • Blackstone Tactical Opportunities Fund in connection with several investments in Argentina, Chile, Colombia, and Mexico
  • Telecom Italia on several transactions in Argentina, Brazil and Venezuela
  • Webhelp in connection with the acquisition of OneLink, an innovator in digitally-enabled CX, BPO and technology services supporting tier one brands throughout the United States, Europe, and Latin America
  • Duke Energy in connection with several investments in power projects in Argentina, Bolivia, Brazil, Chile, and Peru
  • Repsol on several strategic transactions in Argentina, Ecuador and Venezuela
  • Grupo Rios (a Colombian group) in several strategic transactions in the transport sectors in Chile and Colombia
  • Foster Wheeler in connection with acquisitions in Brazil and Mexico
  • Cencosud on several transactions in the region including an acquisition in Brazil and joint venture arrangements in Argentina
  • Oaktree in connection with investments in the cold storage business in Brazil and Chile
  • Kio Networks in connection with several transactions involving data infrastructure and data and telecom infrastructure assets in Mexico, Spain, and Central America including its auction sale of its Mexican communications infrastructure business to American Tower for approximately US$500 million
  • Cartesian Capital in connection with investments in Brazil and Mexico including Circle K Mexico and Metronet
  • Indigo Partners and its portfolio companies in connection with several investments in the Latin American airline industry including 
    • Its acquisition of a significant interest in Volaris of Mexico 
    • Volaris’ merger with viva Aerobus
    • Its investment in Jet Smart in Chile and Argentina
  • GE Capital in several significant acquisitions and divestitures including its sale of Compañia Samalayuca in Mexico, and the purchase and subsequent sale of BAC-Credomatic, a financial institution operating in 10 countries in the region to Grupo Aval, for US$1.9 billion and Banco Colpatria of Colombia to the Grupo Pacheco of Colombia
  • Digital Realty in its US$1.8 billion acquisition of Ascenty, a Brazilian data center company with operations in Brazil and Chile
  • Sempra on several matters including its agreement to acquire a minority interest in Transportadora de Gas del Peru and sale of its Argentine assets
  • Quiñenco, the holding company controlled by the Luksic family, in connection with several matters including its agreement to acquire all of Terpel’s operations in Chile
  • BlackRock on several investments in Brazil and Mexico including its investment to upgrade Pemex’s Madero refinery
  • Carlyle Group on several acquisitions and divestitures including sale of Arabela, HTC, and ULA in Mexico
  • Hortifrut (a leading Chilean berries producer) in its Joint Venture with Munger Group
  • Proinversion in connection with the concession of a wastewater treatment system for Lake Titicaca
  • Metronet (a Mexican data and telecom infrastructure company) in its leveraged acquisition of Diveo Mexico and sale to Kio Networks
  • Ospraie Partners in connection with its investment and sale of its interest in Fermaca, a leading owner and developer of midstream assets in Mexico for approximately US$750 million
  • Eton Park in connection with investments in Mexican financial sector
  • Ashmore Colombia in connection with investments in Andean and Central American energy, telecom, and other infrastructure sectors
  • Procaps, a leading Latin American pharmaceutical manufacturing company based in Colombia, in connection with a minority investment from the IFC
  • Saturn Shareholder representative in connection with Albertson’s sale of a significant minority interest in Casa Ley in Mexico
  • Orbia in connection with its acquisition of Sylvin Technologies
  • JH Partners in acquisition of Neutral, an operator of duty free shops in Uruguay

Bar Qualification

  • New York

Education

  • JD, New York University School of Law, 1994
  • BA, Fordham University, 1991
    cum laude, in cursu honorum

Languages Spoken

  • Spanish
  • English