Pérez-Llorca has continued to strengthen its position in the Portuguese market, building a growing profile across banking and finance, M&A, capital markets and project-related transactions. The firm has been increasingly active on complex cross-border mandates, leveraging its Iberian platform to advise financial institutions, private capital investors, infrastructure sponsors and corporates on strategically significant transactions involving Portugal and Spain.

The practice is particularly noted for its combination of finance and corporate expertise, with increasing activity across acquisitions, private capital transactions, structured financings, real estate investments and infrastructure-related mandates. Recent work reflects the firm's growing presence in the Portuguese market, acting for clients including Banco Santander, ING, Goldman Sachs, BBVA, Banco Sabadell, Bankinter, CaixaBank, Abanca, Indra, Telefónica, Blackstone, Tikehau Capital, Cheyne, Duro Felguera, Famosa Holdings, Merlin Properties, Sonnedix Group, Iridium, ADIT Group and Inapa.

The firm's transactional practice demonstrates particular strength in complex cross-border matters involving financial institutions, sponsors and multinational corporates. Its growing activity across banking, restructuring, infrastructure and private capital transactions has continued to enhance its market visibility, while its expanding Portuguese team has increased the firm's capability to compete on increasingly sophisticated mandates.

Pérez-Llorca has also maintained momentum in M&A and private capital work, where it advises investors, funds and strategic corporates on acquisitions, disposals, joint ventures and investment structures. The practice has developed an increasingly credible position in regulated and capital-intensive sectors including infrastructure, energy, real estate, telecommunications and financial services, where financing, regulatory and transactional issues frequently intersect.

The firm's continued expansion and growing deal flow suggest a practice that is still building market share but increasingly competing on higher-value and more complex mandates. Clients are attracted by the firm's combination of technical sophistication, cross-border capability and integrated Iberian approach, positioning Pérez-Llorca as one of the more dynamic firms in the Portuguese market.

Key clients

Banco Santander; ING; Goldman Sachs; BBVA; Banco Sabadell; Bankinter; CaixaBank; Abanca; Indra; Telefónica; Blackstone; Tikehau Capital; Cheyne; Duro Felguera; Famosa Holdings; Merlin Properties; Sonnedix Group; Iridium; ADIT Group; Inapa.