Private Equity | Europe

CS'Associados benefits both from proven fund structuring capabilities and a strong M&A team that is regularly instructed on significant private equity-driven corporate transactions. The law firm acts for key Portuguese asset managers on the structuring of new private equity funds. It attracts attention for its experience in venture capital deals, with experience on both the fund and founder side of new financing rounds. The firm also acts for large private equity firms on varied M&A deals, including add-on acquisitions, minority investments and secondary buyouts. It is notably active on infrastructure, energy and textile sector deals.

Linklaters boasts a leading private equity team capable of handling highly complex issues. The law firm has strong cross-border expertise and it has an integrated finance team to assist with leveraged buyouts. It handles add-on acquisitions for private equity-owned companies seeking to expand into overseas markets. The firm has assisted global asset managers with the sale of Portuguese businesses to trade buyers. It also has notable experience in alternative investments into Portuguese debt.

Morais Leitão boasts a superb venture capital practice, frequently advising new Portuguese start-ups and specialist venture capital firms on the negotiation of early-stage or higher value equity investment rounds. The team assists with fund structuring mandates and acquisitions of share capital. It also covers a range of private equity-driven M&A transactions, having handled highlight mandates that involve secondary buyouts of real estate companies or toll road concessionaires.

PLMJ represents an array of important international and domestic funds in private equity mandates. It is selected as local counsel to advise on the Portuguese aspects of pan-European private equity buyouts. The law firm advises foreign fund managers on inbound Portuguese acquisitions, and it assists portfolio companies with the acquisition of competitors. PLMJ lawyers have further notable experience in venture capital deals, assisting funds and corporate groups with the subscription of funding rounds carried out by Portuguese start-ups.

Garrigues attracts attention for its advice to Portuguese start-ups on highlight venture capital transactions. It covers the full scope of private equity transactions, advising companies on their investments as limited partners in venture capital funds and assisting established asset managers with the divestment of equity shareholdings. The law firm has experience in private equity buyouts of mid-sized companies based in Spain.

VdA's highly respected lawyers are often instructed on transactions that have a significant asset management angle. The law firm assists funds and their portfolio companies with add-on acquisitions of Portuguese infrastructure concessionaires or manufacturing companies. It acts for institutional investors on the divestment of shares. The law firm also handles venture capital deals, including direct subscriptions of funding rounds and secondary investments into foreign funds.

Cuatrecasas handles a broad spectrum of private equity matters spanning high value secondary buyouts carried out by leading US funds through to small seed funding rounds for Portuguese IT sector start-ups. The law firm has proven experience in private equity buyouts of pharmaceutical and financial services companies. It assists with the acquisition of target companies that have significant operations in Spain and further afield. It also assists private equity firms with minority investments.

SRS Legal is popular among domestic private equity firms carrying out mid-cap or venture capital investments in Portugal. It also has experience on the founder side of funding rounds that attract investment from global institutional investors. The law firm acts on transactions targeting biotechnology, IT or online retail start-ups.

Uría Menéndez handles infrastructure transactions in which international funds target Portuguese companies or real estate opportunities. The law firm acts for institutional investors, including pension funds and investors, on the corporate and finance aspects of inbound acquisitions. It has experience in the subscription of fundraising rounds carried out by major Portuguese tech companies. It advises real estate-focused investors on the sale of individual assets or real estate holding companies.

Abreu Advogados frequently advises on the full cycle of private equity deals including fund formation, restructurings and exits. The law firm assists investment management companies with investment portfolios, acquisitions and sales processes. It also handles venture capital deals and has experience with primary rounds of investment as well as experience in private equity fund buyouts. It handles investments in the agribusiness, technology and energy sectors.

CMS has experience in mid-cap private equity buyouts and growth capital investments carried out by domestic asset management firms. It advises institutional investors on real estate and energy acquisitions and investments. It also assists with any subsequent issues arising for portfolio companies.

DLA Piper's Lisbon team acts for domestic and international venture capital investors on the establishment of new funds and on equity investments into start-ups. The law firm's client list also includes well-known asset managers seeking to buy into Portuguese SMEs.

TELLES is increasingly active in private equity transactions, especially investments in the energy and pharmaceutical sectors. The law firm is also well placed to handle the incorporation of venture capital funds.