Press Releases

Florencia Heredia, an internationally recognized leader in natural resources, will head the firm’s Mining practiceAgostina Martínez brings strong academic credentials and extensive national and international experienceThey join the existing team of partners Alejandro Poletto, Manuel Frávega and Juan Pablo Perrino to provide a comprehensive value proposition to clients in a context of significant industry growth Beccar Varela announces the incorporation of Florencia Hered

On August 14, 2025, Banco de Galicia y Buenos Aires S.A. issued Class XXIX Notes, simple, non-convertible into shares, unsecured, denominated, subscribed and payable in U.S. dollars in the Republic of Argentina. The issuance was carried out under the CNV’s Frequent Issuer Regime.The Notes were issued for an aggregate principal amount of US$110,914,898, maturing on August 31, 2026. The Notes bear interest at a fixed nominal annual rate of 6 ...

Creel, Garcia-Cuéllar, Aiza y Enríquez, BMA Advogados and Beccar Varela, acted as part of the team led by Kirkland and Ellis that advised Advent International in the agreement to acquire a controlling stake in Reckitt Benckiser’s Essential Home business. The transaction was signed on Friday, July 18 and the deal remains subject to customary closing conditions and regulatory approvals.The transaction values Essential Home at up to US$4.8 billion, including up to US$1 ...

Beccar Varela announces the appointment of Jimena Vega Olmos as a new partner in the firm’s Energy department. With over 20 years of experience advising local and international clients on complex transactions and strategic matters related to energy, infrastructure, project finance, and investment arbitration, her arrival strengthens a key area of the firm’s practice ...

On March 5, 2025, Banco de Galicia y Buenos Aires S.A. (“BGBA”) initiated a complex and ambitious corporate reorganization process. As a result of such reorganization, a portion of the assets of GGAL Holdings S.A. (“GGAL Holdings”) was spun off, including, among other assets, its entire equity interest in Banco GGAL S.A. (“Banco GGAL”, formerly HSBC Bank Argentina S.A ...

Beccar Varela and Marval acted as legal advisors on an international financing of up to USD 26,000,000 granted by HSBC UK Bank PLC to NowVertical Group Inc. (TSXV: NOW), a leading provider of data and artificial intelligence solutions.The financing aims to support NowVertical’s next stage of growth by providing increased liquidity and financial flexibility to execute its global strategy ...

EGFA Abogados advised Telecom Argentina S.A. in the international issuance of a new class of notes under its global note issuance program for a nominal value of up to US$3,000,000,000.Class 24 notes were issued on May 28, 2025, for a nominal value of US$800,000,000, at a fixed annual rate of 9.250%, amortizable in two installments and maturing in 2033.Telecom also received legal advice under foreign law from Cleary Gottlieb Steen & Hamilton LLP ...

Beccar Varela advised Petróleos Sudamericanos S.A. (“PS Energy”) on the signing of the assignment agreement for Señal Picada – Punta Barda block, owned by YPF S.A. (“YPF”), one of the most productive areas in Río Negro, as part of YPF’s Andes Plan. The agreement was signed on Friday, May 23, 2025.PS Energy was awarded the Señal Picada – Punta Barda cluster, located in the provinces of Río Negro and Neuquén ...

Beccar Varela was granted the Deal of the Year 2024 award in the Private Equity category during the Latin Lawyer Awards 2025 charity ceremony, held on May 8th at the Rosewood Hotel in São Paulo, Brazil.The Deal of the Year recognizes landmark transactions in Latin America ...

On April 29, 2025, Tarjeta Naranja S.A.U. issued its Class LXIV simple notes, non-convertible, into shares, unsecured, in three series, reaching, in total, the maximum amount of US$150,000,000, under the Frequent Issuer Regime established in Section VIII, Chapter V, Title II of the Rules of the Argentine National Securities Commission.The Class LXIV Series I Notes, were issued for a nominal amount of US$32,684,639, denominated, subscribed, and payable in U.S ...

Edison Holding S.A. and Edison Energía S.A. (the “Edison Group”) have agreed to acquire the controlling stake in Cartellone Energía y Concesiones S.A. and Consorcio Empresas Mendoza para Potrerillos S.A. from BAF Latam Credit Fund B.V. The buyers were legally advised by Tavarone, Rovelli, Salim & Miani, while the seller was advised by Beccar Varela ...

On February 13, 2025, Grupo Financiero Galicia S.A. issued 17,740,028 new book-entry, Class “B” ordinary shares, with a nominal value of AR$1 each and carrying 1 vote per share, in order to proceed with the price adjustment payment established in the share purchase agreement dated April 9, 2024, between Grupo Galicia and Banco de Galicia y Buenos Aires S.A.U., on one side, and HSBC Latin America B.V ...

On March 7, 2025, Vista Energy Argentina S.A.U. successfully issued its Class XXVIII simple, non-convertible notes, denominated and subscribed in cash in U.S. dollars abroad ...

Beccar Varela advised IDB Invest on a corporate finance transaction amounting up to USD 14,200,000 granted to the Brazilian and Chilean subsidiaries of Promedon Group, Promedon Do Brasil Produtos Médico-Hospitalares Ltda. and Productos Médicos Promedon Chile S.A., as co-borrowers.The financing had a corporate guarantee from its parent company in Spain, Promedon Life Sciences Holdings S.A., as well as real estate and corporate guarantees from its subsidiary in Argentina, Promedon S ...

Beccar Varela advised Quintana Group on the acquisition of 100% of YPF S.A.'s ownership interest in the area known as “Fernández Oro”, located in the Province of Río Negro, Argentina.The area, situated in the heart of Alto Valle in the rural region of Allen, is strategically important for the supply of natural gas in the region and the country ...

On February 25, 2025, Club Atlético River Plate Asociación Civil carried out its first issuance of negotiable obligations under the special framework for social impact issuances, becoming the first football club in Argentina to issue corporate debt in the capital markets.The Series I Notes, maturing on February 27, 2027, were issued for a nominal amount of AR$12,000,000,000 and accrue interest at a variable rate equivalent to the TAMAR Rate plus a 3.89% margin ...

On February 28, 2025, PSA Finance Argentina Compañía Financiera S.A. issued three series of notes for a total amount of AR$30 billion distributed as follows: (i) Series 31, denominated in UVAs, subscribed and payable in Pesos, at a fixed interest rate of 8.00% with maturity in February 28, 2027, for a nominal value of 2,590,901 UVAs; (ii) Series 32, denominated and payable in Pesos, accruing interest at a variable rate equivalent to the TAMAR rate plus a 3 ...

On February 28, 2025, Petróleos Sudamericanos S.A. issued its class II notes, simple, non-convertible into shares, unsecured, denominated, subscribed, and payable in U.S. dollars in Argentina (Dólar MEP), for a total nominal value of US$9,158,045. The Notes accrue interest at a fixed nominal annual rate of 8.75%, payable semiannually. The total principal amount of the Notes will be repaid upon maturity on August 28, 2027.The Notes were rated “A- ...

On February 10, 2025, Banco de Galicia y Buenos Aires S.A.U. issued: (i) Class XXI simple, non-convertible, unsecured notes, denominated, subscribed, and payable in Pesos, for a nominal value of AR$79,786,900,000; and (ii) Class XXII simple, non-convertible, unsecured notes, denominated, subscribed, and payable in U.S. Dollars in Argentina, for a nominal value of US$73,823,009. The issuances were carried out under the CNV’s Frequent Issuer Regime ...

A&O Shearman and Beccar Varela provided legal counsel to the Dutch group SHV Holdings, while Milbank and Perez Alati, Grondona, Benites & Arntsen (PAGBAM) advised the Chilean-owned company Cencosud S.A. in the sale of Supermercados Mayoristas Makro S.A.  The transaction includes the transfer of the Roberto Basualdo S.A. chain, specialized in perfumes and cleaning products. The agreement was signed on January 30 for a total amount of US$ 122.5 million ...

Beccar Varela advised Quintana Group on securing US$30,000,000 in financing from Trafigura Argentina S.A. through a crude oil prepayment structure and certain agreements, aimed at supporting the development of the new natural gas demand in Argentina and the region.The funds will be used by Quintana Group for: (a) The acquisition of mature conventional fields sold by YPF S.A ...

On December 5, 2024, Grupo Financiero Galicia S.A. (“Grupo Galicia”) issued 113,821,610 ordinary, book-entry, Class “B” shares, with a nominal value of AR$1 (one Peso) and one vote per share (the “New Shares”), represented by American Depositary Receipts (“ADRs”). The issuance was executed to fulfill the consideration established in the purchase agreement dated April 9, 2024, between Grupo Galicia and Banco de Galicia y Buenos Aires S.A.U ...

On December 27, 2024, Banco de Galicia y Buenos Aires S.A.U. (“Banco Galicia”) issued its Class XX simple, non-convertible, unsecured notes, denominated, subscribed, and payable in Pesos, for a nominal value of AR$35,088,750,000 (thirty-five billion eighty-eight million seven hundred fifty thousand Pesos) (the “Class XX Notes” or the “Notes”). The issuance was carried out under the Frequent Issuer Regime of the CNV ...

Beccar Varela, a leading law firm in Argentina, is pleased to announce that it has advised McDonald’s Latin America on entering into a new Master Franchise Agreement (MFA) for a period of 20 years with Arcos Dorados Holdings Inc. the world’s largest independent McDonald’s franchisee.The MFA was entered into on December 30, 2024, which became effective on January 1, 2025, and replaced the previous MFA ...

On November 28, 2024, Radiadores Prats S.A. issued its Series II Notes (the “Notes”) under the PYME CNV Guaranteed Regime, for a total nominal value of AR$2,800,000,000.The Notes, maturing on November 28, 2026, will accrue interest at a variable rate equivalent to the BADLAR Private Rate plus a 7.50% margin per annum. Interest payments will be made quarterly ...