He has extensive experience representing underwriters and issuers on equity and equity-linked transactions (including IPOs, secondary offerings and convertible and exchangeable bonds) and debt transactions (including standalone eurobonds, medium term note programmes and repackaging programmes) in the international capital markets. Carlos also has experience in advising borrowers and lenders in respect of acquisition financings, leveraged buy-out financings and general corporate financings.

Examples of recent representations include:

• Represented the Qatar Investment Authority in connection with the investment by its principal holding company of more than US$6 billion in ordinary shares, mandatory convertible securities and perpetual tier 1 capital notes of the Credit Suisse Group AG;
• Representing Nomura International plc as manager on the issue by Finnish tyre manufacturer Nokian Tyres plc of €130,400,000 Zero Coupon Convertible Bonds due 2014;
• Representing Indian broadcaster NDTV on the issue of US$100 million Step-up Coupon Convertible Bonds due 2012 by NDTV Networks plc with Jefferies International Limited as placing agent;
• Representing ABN AMRO Bank N.V. in relation to a US$200 million upper tier II loan to OJSC Russian Agricultural Bank, the first upper tier II instrument funded and approved by the Central Bank of Russia;
• Representing ABN AMRO Bank N.V. in relation to a US$250 million lower tier II loan to OJSC Bank Uralsib; and
• Representing JPMorgan Securities Ltd. and Deutsche Bank AG, London Branch on the issue of US$400 million 6.807% Loan Participation Notes due 2017 with interest rate step up in 2012 by Kuznetski Capital S.A. for the purposes of funding a subordinated loan to OJSC Bank of Moscow.

Representative transactions (prior to joining White & Case) include:

• Representing Banco de Sabadell on its institutional offering of up to 46,000,000 new ordinary shares and 4-for-1 rights offering of up to 51,000,684 new ordinary shares arranged by Citigroup to fund the acquisition of Banco Atlántico;
• Representing SCH Investment, Banesto Bolsa and CSFB as joint global coordinators in the offering of rights by BSCH to subscribe for new ordinary shares of Spain’s third largest commercial bank Banesto;
• Representing Goldman Sachs International and Société Générale as joint lead managers on the issue by Caixa Finance B.V. of €847,600,000 0.25% Guaranteed Exchangeable Bonds due 2006 exchangeable into ordinary shares of Endesa, S.A.;
• Representing Morgan Stanley and Goldman Sachs International as joint lead managers on the issue by Prisa Finance (Netherlands) B.V. €162,300,000 of 1.75% Guaranteed Exchangeable Bonds due 2008 guaranteed by and exchangeable for ordinary shares of the IBEX-35 listed Spanish media company Prisa;
• Representing Merrill Lynch, Société Générale, Banesto and Fortis Bank on the €1,275,000,000 equity financing and €2,772,000,000 debt financing for Sacyr Vallehermoso, S.A. for Société d’Autoroutes du Nord et de l’Est de France (SANEF); and
• Representing The Royal Bank of Scotland and ING on the €1,300,000,000 senior, capex, revolving, bridge and mezzanine facilities, the €1,512,581,500 aval facility and the interim facility arranged for Paribas Affaires Industrielles (PAI) in relation to its proposed counterbid for the Spanish clothes retailer Cortefiel, S.A.

Bars and Courts
Law Society of England and Wales, 2000
Colegio de Abogados, Spain, 2007

Education
LLB, Law, Nottingham University, 1997
LPC College of Law, London, 1998

Languages
English, Spanish

Citizenship
British

Currently on secondment from the Firm