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Jorge Burgaleta

Senior Advisor

Jorge Burgaleta is a Senior Advisor with Teneo’s Financial Advisory business in Spain, specialising in restructuring and debt advisory.

Jorge spent 28 years at BBVA Bank, where he held a range of senior roles, including global head of restructuring, global head of debt structuring and head of structured finance in the Americas / Latin America. During his time at BBVA, Jorge worked on some of the largest restructurings and new financings in Spain and Latin America.

Since leaving BBVA in 2018, Jorge has been focused on debt advisory in the mid-market in Spain. He was also a senior advisor for the TCI Fund while also working across many industry sectors, including renewable energy, toll road, infrastructure, cement and power.

Selected Project Experience:

Restructuring:

  • FCC (Spain) – Joint co-ordinator of the banking group on the restructuring of the leading waste / water management and infrastructure business. Involved €4 billion of bank debt and €4 billion of bank guarantees provided by 50+ banks.
  • Cementos Portland Valderrivas (Spain) – Co-ordinator of the 30-member bank group on the restructuring of €900m debt owed by one of Spain’s leading cement producers.
  • Realia (Spain) – Joint co-ordinator of the 10-member bank group regarding the restructuring of €600m debt owed by the leading Spanish housebuilder.
  • Cemex, S.A. (Latam) – Joint co-ordinator of the bank group on the restructuring of the leading cement producer in Latin America. The restructuring involved c.USD14billion of bank debt and USD1billion of private placement notes.
  • South Bay Expressway, SR-125 (USA) – Chapter 11 of a toll road in California. Subsequently joined the board of directors post restructuring.
  • Other – Co-ordinator of the bank group on the restructuring of USD700m debt owed by the largest hotel group in Mexico and coordinator of the bank group on the restructuring of USD1bn debt owed by the largest salmon producer in Chile.

Debt Advisory:

  • Spain and Latam – Structuring of project financings for wind farms, toll roads, steel mills and power plants, among others. Helped develop local currency capital markets in Latin America with the IDB and IFC.
  • Mid-market transactions in Spain – Bank/ debt fund financings for Celeritas, La Margatita, Hotel Taoro, IMF, Pizzerias Carlos and Health Tech BioActives.

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