Press release

The Permira Funds, a PE fund with a strong track record in investments in Consumer and Education, has reached an agreement with the law firm Garrigues to develop high quality and specialized programs in the social sciences area both in Spain and Portugal.
Garrigues received the FT European award for legal innovation in London last night, for creating a new way to help international investors recover non-performing loans (NPL) from financial institutions. The newspaper took into account the huge impact of this legal innovation, which creates a new standard and improves competition and the appeal of the Spanish NPL market, one of the most active in Europe. This new approach, conceived by Garrigues’ Restructuring and Insolvency Department, allows funds to rapidly foreclose, auction and award the assets, saving a great deal of time and money.
Celia Herrero Cantó is the winner of the 2019 Young Lawyers Awards, hosted by Centro de Estudios Garrigues and Fundación Garrigues. Bárbara Montanari and María Rodrigo Muro came in second and third place, respectively. The acting Minister of Justice, Dolores Delgado García, handed out the diplomas at the headquarters of Centro de Estudios Garrigues.
Garrigues scooped both Peru Most Innovative Law Firm of the Year and Capital Markets Firm of the Year in the Andes at the Americas Awards organized by International Financial Law Review (IFLR). The awards ceremony, held last night in New York, recognized the advice provided by firms in the region that participated in the most innovative cross-border transactions and that have demonstrated their knowledge and expertise in strategic areas, such as M&A or banking and finance.
Garrigues has been doubly recognized as Tax Firm of the Year in Spain and Portugal. The firm collected the honors bestowed by International Tax Review (ITR) at the European Tax Awards held yesterday in London. These prestigious annual awards reward excellence in tax matters by European firms. The firm also picked up a third award for its participation in Blackstone’s acquisition of the real estate assets of Banco Popular, listed by ITR as Impact Deal of the Year.
Garrigues has strengthened its Mexico office by recruiting Manual Llaca and a team of four expert tax litigation lawyers. By hiring these professionals, Garrigues consolidates its Mexico City office and shores up the Tax Department throughout all of Latin America. Garrigues runs a tax practice in the 13 countries in which it operates, including its five regional head offices (Brazil, Chile, Colombia, Mexico and Peru).
Garrigues posted revenues of €364.6 million, up 2.1% (€7.5 million) on the previous year. The main driver behind these earnings was the international business (Garrigues has offices in 13 countries on 4 continents), with an increasingly strong revenue contribution - 13.2% of total earnings at the 2018 year end.