Mergers and Acquisitions law Firm in Panama

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Corporate and M&A

Alcogal, as a mergers and acquisitions law firm in Panama, advises public and private corporations, financial institutions, investment banks, and government entities from around the world on almost any type of transaction or corporate matter. Our lawyers in Panama take a very pragmatic approach to our client’s needs: we seek to add value in any and every facet of our client’s businesses.

Our clients rely on our advice to help understand and assess these options and execute their most complex transactions.

Clients value our innovative approach and the high degree of individualized attention. Our goal is to deliver superior service, earn your trust and build our relationship.

Our knowledge and experience enable us to devise creative deal structures, win auctions, design acquisition and disposal programs and implement productive strategies for acquirers, sellers or acquisition targets.

Our Mergers and Acquisitions clients include leading multinationals and other corporations, major commercial and investment banks, private equity funds, entrepreneurs and smaller visionaries.

Our Approach as a Mergers and Acquisitions law firm in Panama

Alcogal’s approach to M&A combines our corporate expertise with our deep understanding of regulated industries and our commercial approach. This combination enables our clients to structure their transactions most advantageously and with a view towards meeting their legal and business objectives.

Each client has access to Alcogal’s full resources, including industry expertise and substantive due diligence areas such as intellectual property, environmental, benefits, and tax with lawyers experienced in M&A processes and time demands.


Alcogal continues to participate in most of Panama’s landmark business and financial transactions.

Our skilled team of corporate attorneys and professional staff advise on both domestic and international matters concerning, among others:
• Mergers and acquisitions
• Joint ventures
• Financial institutions
• Investment management.
• Natural resources, including energy and mining
• Infrastructure
• Real estate

The firm’s M&A clients include:
• Public and private companies, ranging from multinational corporations to emerging companies
• Private equity and other financial sponsors, including venture capital and sovereign wealth funds
• Boards of directors and their special committees
• Financial advisors

Jaime Alemán


Eloy Alfaro B.


Diego Anguizola T.


Raúl Borrell A.


Carlos Cordero


Patricia Cordero A.


Alejandro Ferrer


Anibal Galindo N.


Arturo Gerbaud


Rita de la Guardia


Rafael Marquínez


Mario Vlieg


Raul E. Zúñiga Brid


Transaccciones representativas

  • We advised ICA in connection with all matters related to the construction of a ring road around Panama City.
  • We advised Icatech Corporation in the sale of the Corredor Sur, one of the main highways of Panama City, to Empresa Nacional de Autopistas, S.A. (ENA), a government entity, for approximately USD$420 million.
  • We advised Grande Investment Corp. in the successful acquisition of a controlling interest.
  • We advised Banco Panamá with its acquisition by Banco Aliado.
  • We are currently advising Grupo Aval in its proposed purchase of Multi Financial Group, a financial conglomerate which includes a bank, broker dealer house and insurance company, among others.
  • We are currently advising a retail sector company in its incorporation of a strategic partner.
  • We are currently advising an international financial institution in its sale of its local broker dealer house.
  • We advised Nord Anglia Education in its acquisition of The Metropolitan School of Panama.
  • We advised The Bank of Nova Scotia in the sale of its subsidiary Panafinanzas, S.A. 
  • We advised Citibank, N.A. in the sale of Citibank (Panama) S.A. to The Bank of Nova Scotia.
  • We advised The Bank of Nova Scotia in its acquisition of the substantially all of the assets and liabilities of BNP Paribas (Panama branch).
  • We advised The Bank of Nova Scotia in its acquisition of the private banking and fiduciary activities of BNP Paribas Wealth Management (Panama branch).
  • We assisted Grupo Aval in the acquisition of Multi Financial Group Inc.
  • We advised Banca de Inversión Bancolombia in the sale of the Soho Project.