State of the Market Discussion - Lisbon

This session led by PLMJ will give attendees the opportunity to discuss topics relevant to the Portuguese legal market and beyond.

It will take a closer look at the economic drivers affecting investment into the region. It will identify ‘hot’ sectors and industries, particularly those related to the Technology, Finance, Real Estate and Tourism sectors, including any barriers to foreign investment and how the market views outbound transactions. The Session will include a brief presentation of some of the macroeconomic indicators of the current Portuguese economy and an analysis of the evolution of Portuguese M&A market in comparison to other markets. This will be followed by a round-table discussion with representatives of some of the most active M&A sectors in Portugal.


António Miguel
Managing Partner

António is responsible for MAZE’s capital and public sector advisory work. He is the Managing Director of Maze - Decoding Impact, a Lisbon-based social investment intermediary that implements financial and non-financial mechanisms to unlock capital towards social change in Portugal. Antonio led the structuring of the first SIB Pilot in Portugal, provided technical advisory for the creation of Portugal Inovação Social (the €150m wholesaler social investment institution in Portugal) and leads the technical work of the Portuguese Social Investment Taskforce. Previously, Antonio worked at Social Finance UK, where he played different roles on Social Impact Bonds: performance management in the Peterborough SIB, development and implementation of the Energise and Teens and Toddlers SIBs and feasibility studies for the Housing First SIB in Ontario, Canada. Antonio is a professor at NOVA SBE, where he teaches micro-finance and innovative social finance instruments. He holds a MsC in Business Administration from Catolica Lisbon and is a Global Shaper of the World Economic Forum.

Bárbara Godinho Correia

Bárbara is a partner in the Corporate M&A practice of PLMJ and has more than 20 years’ experience in corporate M&A and private equity. She is known for her work on some of the most important corporate deals taking place in Portugal in recent years, including major merger and acquisition and privatisation operations. Bárbara has taken three postgraduate courses: in commercial law at the Faculty of Law of Universidade Católica Portuguesa, in media law at the Faculty of Law of the University of Lisbon and in corporate finance law at the same university.

Carlos Leal
General Director
United Investment Portugal

Carlos Leal is General Director at United Investments Portugal (UIP) since 2007 and has been leading the overall growth and development of the business. He is a member of the IFA Hotels & Resorts consortium, considered one of the leading international companies in the development of luxury hotels and resorts, and has joined UIP in 1999, adding more than 30 years of international expertise and experience in investment, development and management in the tourism and leisure industry. He graduated as a Quantity Surveyor and has a postgraduate degree in Business Management and Administration. He began his career in the construction industry before joining the Tourism and Resorts market, where he specialized as a manager. Before joining UIP, Carlos held management and administration roles in the Murray & Roberts and Nedcor groups, both in South Africa.

Filipe Avides Moreira

Filipe is a partner in the Corporate M&A practice of PLMJ and has 20 years’ experience as a lawyer. His main areas of activity include mergers and acquisitions, venture capital operations, public-private partnerships, concessions and corporate restructuring. He has extensive experience in M&A operations (due diligence, negotiation and closing), and in the services and infrastructure concessions sector. In this sector, he has advised public entities, private promoters and construction companies. Filipe is a member of the International Association of Lawyers (UIA) and member of the board of the UIA’s Portuguese Committee. He is also a member of the board of the Porto Commercial Association. He was trainer at the Portuguese Bar Association and at the Faculty of Law of Universidade Católica Portuguesa in Porto. Before joining PLMJ, Filipe was a lawyer at Cuatrecasas for 10 years. He has also worked as a lawyer in Macau. Filipe has a law degree from the Faculty of Law of the University Coimbra and a postgraduate in European studies from the same faculty.

Manuel Noronha
Founding Partner
ECS Capital

Manuel is a Partner at ECS Capital and a member of the firm’s founding team. In that capacity, he has led and executed multiple private equity investments across different sectors. Prior to joining ECS, Manuel was a Director and Advisor to the CEO at CGD, where he worked on various strategic processes. Before CGD, Manuel worked as an investment banker at Citigroup and its predecessor firm Salomon Smith Barney, as well as at Banco Cisf. Prior to that, he interned at UBS. Manuel graduated in Business at Católica Lisbon University and holds an MBA in Finance from the London Business School.