Juan Picón enjoys a tremendous reputation in the Spanish M&A space. "He knows everyone in the market, picks up the phone and can speak to you and is extremely commercial," sums up one client. Interviewees are impressed with his ability to "mobilise the resources in the firm well" and state: "His main strength is that he's just an exceptional person and gets on with everyone." He is regularly involved in major transactions involving international private equity clients.Chambers Global 2018

Juan Picón

  • Plaza de la Independencia 6
  • 28001 Madrid
  • Spain

Juan Picón is the Managing Partner of the Madrid office of Latham & Watkins and the Global Co-Chair of the Latin America Practice.

Mr. Picón has 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 has advised important companies from different sectors, developing a wide specialization in industries such as health, chemical, telecommunications, food, and energy, among others. His clients include, among others, CVC, PAI Partners, Advent, Cerberus, Triton, Oaktree, Sun Capital, and KKR. His practice focuses on:

  • Mergers and acquisitions
  • Private equity
  • Corporate governance
  • Capital markets

Mr. Picón is recognized as a Leading Individual.
Legal 500 EMEA 2019

Mr. Picón’s recent signature experience includes 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

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