Pérez-Llorca hires Alantra to raise 100 million in debt.
The firm has hired the investment bank's services to secure loans that will allow it to repay its current debt and finance its growth in Iberoamerica after landing in Mexico, Colombia and Peru as of 2024.
Spanish law firm Pérez-Llorca has hired investment bank Alantra to secure financing for repaying its current debt and aiding its growth in Iberoamerica, following its establishment in Mexico, Colombia, and Peru since 2024. Pérez-Llorca, the fourth largest Spanish law firm by revenue, enlisted Alantra as a financial advisor to obtain credits amounting to between 85 and 100 million euros, which will be used to repay existing debt and fund international expansion.
Sources indicate that a significant portion of these funds, around 35-50 million euros, will be allocated to integrating new offices in Latin America, following the firm's expansion into Mexico, Colombia, and Peru over the past few years. Pérez-Llorca anticipates using a six or seven-year bullet loan structure for its financing, with the principal due at maturity rather than being amortized annually.
The firm's global revenue surpassed 200 million euros last year, placing it as the fourth largest Spanish law firm, trailing behind Garrigues, Cuatrecasas, and Uría Menéndez. Pérez-Llorca's annual earnings reached 211.3 million euros in the most recent fiscal year, a significant increase from its 68.5 million euros in 2020. The company's rapid growth, fueled by the ambitious project led by CEO Pedro Pérez-Llorca, has propelled it from the sixth to the fourth position in Spain's legal market rankings.
Since launching its "Scala" project in early 2024, the firm has expanded its presence in Iberoamerica, opening offices in Portugal, Mexico, Colombia, and Peru, with further growth expected in the coming years.
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