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Ricardo Escobar

Ricardo Escobar

Managing Partner
About

Ricardo Escobar advises local and international clients in financing transactions and projects. He has represented lenders, funds and sponsors in numerous projects in Latin America. His experience covers sectors such as infrastructure, energy, financial services, agribusiness, mining, oil & gas, telecom and education. He also represents international and local companies in the implementation of their businesses and projects in Peru. 

He has advised the concessionaire of the biggest infrastructure project in Peru, a gas pipeline to be built in the southern part of the country; constantly advised several key development finance institutions with leading presence in the LatAm region, and participated in several merger and acquisition transactions in the oil, energy, mining and retail sectors. 

Ricardo has been a Senior Counsel at Corporación Andina de Fomento (CAF), a Senior Associate at Anzola, Bóveda, Raffalli y Rodríguez, a Foreign Associate at Whitman & Ransom (New York), and an Associate at Rodriguez & Mendoza.

EXPERIENCE

Ricardo has advised:

  • Gasoducto Sur Peruano on a 1,000-km gas pipeline project in the southern part of Peru. The advisory included the public bid process and project and financing documentation (2016)
  • Genandin: DEG and FMO in the granting of a secured loan up to US$59 million in favor of Generación Andina S.A.C., to finance the construction and development of two hydroelectric power plants (8 de Agosto and El Carmen) and a transmission line, all located in the department of Huánuco, Perú (2015)
  • IADB in the granting of a long-term loan up to US$38.5 million in favor of Danper Trujillo S.A.C., to finance the development of certain plantation of asparagus and avocado, the construction of irrigation systems, and improvements in the industrial factories located in the city of Trujillo, Peru (2014)
  • IADB in the granting of a long-term loan up to US$26 million in favor of Colegios Peruanos S.A.C. (Innova Schools), to finance the construction and implementation of schools for segments C and D located within Peru (2014)
  • Interbank, Banco Itaú, Bancolombia and COFIDE in the granting of a long-term loan up to US$160 million in favor of Maple Etanol S.R.L. and Maple Biocombustibles S.R.L., to refinance existing debt (2013)
  • CAF, Interbank, IADB and FMO in the granting of senior loans up to US$148.5 million in favor of Maple Etanol S.R.L. and Maple Biocombustibles S.R.L., in order to finance the construction and operation of an ethanol plant in Sullana, Peru (2010)
  • SINOPEC, a leading Chinese oil company, in two acquisitions of oil fields in Peru
  • Grupo RIPLEY, a Chilean retail Company, in the acquisition of one of the major home improvement retailers in Peru
  • IUSACELL, a Mexican wireless company, in the purchase of broadbands in Peru
  • Intersur Concesiones road financing: US$562 million bond issuance by Interoceánica IV Finance Limited (Project Finance Deal of the Year by Latin Lawyer), and advising CAF in a long-term loan up to US$49.54 granted in favor of Intersur
  • Camisea TGP BOOT Project: US$350 million bonds issued by Transportadora de Gas del Perú S.A.; and a MLA co-financing by the Inter-American Development Bank for US$135 million, and Corporación Andina de Fomento for US$75 million
Languages
  • Spanish
  • English
  • Portuguese
Education
  • M.A., Finance Instituto de Estudios Superiores de Administración, Caracas, Venezuela, 1995
  • L.L.M., Banking and Finance, Boston University, 1992
  • L.L.M., University of Illinois at Urbana-Champaign, 1991

Awards

Chambers Global

  • Band 5, Peru Banking & Finance (2021-2022)
  • Foreign Expert, Venezuela Banking & Finance (2018-2021)
  • Band 3, Peru Banking & Finance (2018-2019) 

Chambers Latin America

  • Band 5, Peru Banking & Finance (2021-2022)
  • Band 4, Peru Banking & Finance (2020)
  • Band 3, Peru Banking & Finance (2018-2019)

The Legal 500 Latin America

  • Recommended, Peru Banking and Finance (2018-2019, 2021-2024)
  • Recommended, Projects and Infrastructure (2018)
Other recognitions
  • Leaders League: “Excellent” in Arbitration (2018–2022), Banking & Finance (2018–2022) and Project Finance (2020–2022)
  • IFLR 1000: "Highly Regarded Lawyer" in Banking (2018-2022), Capital Markets: M&A, Project Finance (2018–2023)
  • LACCA: "Approved" in Banking & Finance (2018–2021) and Project Finance & Infrastructure (2021)
  • Who’s Who Legal: "Recommended Lawyer" in Project Finance
  • Latin Lawyer 250: “Key Partner”, Peru, Banking and Finance and Project Finance & Infrastructure (2024)

Prior Experience

  • Consultant in Washington D.C. of the Legal Department of the Inter-American Development Bank, focused on the development of projects with sovereign guarantees in Venezuela, Colombia, Ecuador, Peru and Caribbean countries
  • Arbitrator of the Chamber of Commerce of Lima

Memberships And Affiliations

  • Lima Bar Association

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