Jesús Miralles de Imperial is an associate in the Corporate Department of Latham & Watkins’ Madrid office. He represents private equity funds and financial institutions in loan-on-loan transactions (primarily the acquisition financing of NPL and REO portfolios), structured real estate / mortgage-backed financings, real estate financings (including hotels, shopping centers, and logistics), as well as restructuring, and special situations.

Mr. Miralles de Imperial regularly advises clients on the following areas:

  • Acquisition financing of non-performing loans’ and properties’ portfolios
  • Structured finance
  • Real estate finance
  • Restructuring and special situations

Mr. Miralles de Imperial’s experience includes advising:

Acquisition financing of NPLs’ and properties’ (REOs) portfolios

  • The lender on the €142 million financing of the acquisition of a portfolio of Spanish non-performing loans and REO properties
  • Cerberus in the acquisition and financing of a portfolio of NPLs acquired to Kutxabank and CajaSur
  • Intriva Capital Partners in the acquisition of an NPL portfolio from Bankinter

Structured Finance

  • Chenavari Investment Managers in the issuance of senior and subordinated notes by a Luxembourg securitization fund for the purposes of the acquisition of receivables arising from point of sale consumer loans originated by SeQura Worldwide
  • An international investment bank in a €150 million equipment lease receivables financing to a Portuguese operator

Real Estate Finance

  • Hyatt Hotels Corporation in its US$2.7 billion acquisition of Apple Leisure Group, a leading luxury resort-management services, travel, and hospitality group
  • Activum on the acquisition of Hotel Nobu, located in Barcelona’s emblematic Torre Catalunya, from Selenta Group
  • Tristan Capital Partners in relation to the syndicated development financing of a joint-venture development with Acciona Inmobiliaria of an office complex
  • A syndicate of lenders in the financing for the acquisition of Aelca by Vía Célere (a portfolio company of Värde Partners)
  • Activum in the financing for the development of the first Hard Rock Hotel in Continental Europe
  • Activum in the credit facility provided by Banco de Sabadell to refinance the acquisition costs and finance the development costs of the Hampton by Hilton Hotel in Barcelona
  • Partners Group on its joint venture with Aristeas, a Spain-based platform for investment in logistic real estate assets

Restructuring and Special Situations

  • The Ad Hoc Group of bondholders in the bridge financing to Naviera Armas, in the context of its restructuring process
  • The creditors committee in relation to the comprehensive restructuring of Swissport, including a €1.9 billion debt-for-equity swap and a new €500 million long-term debt facility
  • KKR and Grupo Gallardo on the refinancing of a senior facilities agreement, a second lien facilities agreement and working capital lines, in the context of the distressed sale of Grupo Gallardo to Cristian Lay
  • The creditors committee in relation to the €625 million debt and equity restructuring of Deoleo, a Spain-based global olive-oil producer

Bar Qualification

  • Spain (Abogado)

Education

  • LLM, Universidad Pontificia Comillas, 2015
  • LLB, Universidad Pontificia Comillas, 2013

Languages Spoken

  • English