The firm is saddened to report that Juan Picón, dear friend and colleague, passed away on June 19, 2019, after a short but brave battle with lymphoma. Juan, a titan of the legal industry, left an indelible mark on our firm and all who knew him.
Juan served with distinction as the Office Managing Partner of our Madrid office and as Global Co-Chair of the Latin America Practice. A titan of the legal industry and gifted leader who consistently embraced change and opportunity, Juan was an inspiration to us all. He had extensive experience advising on national and international commercial transactions, especially in the areas of mergers and acquisitions and capital markets. Juan was a driving force in the growth and continued success of Latham’s practice in Spain, where he built the preeminent team in the market. He also played a large part in strengthening our practice in Europe and Latin America. Under Juan’s leadership, Latham has been recognized as a leading business law firm in Latin America by Latin Lawyer as well as a Top 5 International Law Firm in Latin America by Latinvex.
Prior to Latham, Juan was the Global Co-Chairman of DLA Piper. Juan received his degree in law and economics from the ICADE Business School at the Universidad Pontificia Comillas in 1987, and an LLM in European Community Law from the Universite Libre de Bruxelles in 1989. Juan built an illustrious career with a wide specialization in numerous industries and has advised on countless landmark corporate transactions in Spain and across Europe and Latin America.
Practicing what he preached, Juan was regularly recognized not only for his expertise but also for his tremendous collegiality and ability to bring the firm’s resources to bear for clients. Chambers noted that Juan’s clients were “impressed with his ability to mobilize the resources in the firm well” and that “his main strength is that he’s just an exceptional person and gets on with everyone.”
A true servant leader, Juan will be deeply missed.
Juan Picón was the Managing Partner of the Madrid office of Latham & Watkins and the Global Co-Chair of the Latin America Practice.
Mr. Picón had extensive experience advising on national and international commercial transactions, especially in the areas of mergers and acquisitions and capital markets, as well as in private equity operations (LBOs, MBOs, and other corporate structures). Throughout his career, Mr. Picón advised important companies from different sectors, developing a wide specialization in industries such as health, chemical, telecommunications, food, and energy, among others. His clients included, among others, CVC, PAI Partners, Advent, Cerberus, Triton, Oaktree, Sun Capital, and KKR. His practice focused on:
- Mergers and acquisitions
- Private equity
- Corporate governance
- Capital markets
Mr. Picón was recognized as a Leading Individual.
Legal 500 EMEA 2019
Mr. Picón’s signature experience included advising:
- Telefónica in a major carve out of all its Central America (Panama, Nicaragua, El Salvador, Guatemala, and Costa Rica) telecom assets for €2 billion
- Telefónica on the IPO of its subsidiary in Argentina
- Teladoc in the US$352 acquisition of a second medical opinion provider, Advance Medical
- Portobello on the sale of Multiasistencia to Allianz AG
- Sun Capital on the sale of its chemical subsidiary Elix Polymers to Sinochem
- Cerberus Capital on the acquisition of Inmoglaciar*
- CVC Capital Partners in the €6.5 billion sale of QuirónSalud to Fresenius, Spain's largest healthcare deal*
- CVC Capital Partners on the €258 million acquisition of 80% of Vitalia Plus, S.A., the Spain-based operator of assisted living residences and nursing homes, from Portobello Capital Gestión, SGECR S.A., a Spain-based private equity firm*
- Oaktree Capital Management LP in the €190 million sale of Panrico S.A.U., a producer of bun and pastry products, to Mexico-based Grupo Bimbo S.A.B. de C.V.*
- CVC Capital Partners on the €1.2 billion sale of R Cable to Euskaltel S.A.*
- PAI Partners, the France-based private equity firm, on its €300 million acquisition of Geriatros S.A.U., a Spain-based company managing retirement homes and day centers*
- PAI Partners on the €3 billion sale of Swissport to HNA*
- Vodafone Group Plc on the €7.2 billion acquisition of Ono S.A., a Spain-based provider of fixed and mobile telecommunications services*
- CVC on the €1.2 billion acquisition of Deoleo*
- CVC and Capio on the €1.5 billion acquisition of Grupo Quirón*
- Starwood Capital Group in the potential acquisition of Altamira and the acquisition of Commerzbank Eurohypo loan*
- Advent on the sale of its portfolio company Velosi*
- Oaktree on the sale of its 28% of Campofrio*
- Abengoa in its €1.1 billion sale of Befesa to Triton*
*Matter handled prior to joining Latham