About

Established in 2007, IC Power is a fast-growing global power generation company. Regional general counsel Gino Sangalli de los Rios joined in 2012 as deputy general counsel before taking his current position in 2016. He has worked on a number landmark activities for the company during his six-year spell there. Some of his career achievements include the negotiation of the sale of IC Power’s entire business in Latin America and the Caribbean to I Squared Capital Partners for an approximate consideration of $1.2bn, preparing IC Power for its IPO in the NYSE and negotiating a $600m project finance for the construction of the 525MW Cerro del Aguila hydroelectric power plant, the largest hydro plant built in Peru since the 1970’s. On the last deal, Sangalli says, ‘The credit facility, which involved the concourse of nine international banks and three multilateral agencies, was the largest ever granted for a power project in Peru. This transaction was extremely challenging not only because of the involvement of 12 financial institutions, but also due to the complex guarantee package that was tailored for this project, where land property rights and project location made it necessary to innovate over the typical project finance mould’. Sangalli is also recognised for achieving successful settlements of complex disputes that arose with a top-tier EPC contractor. Describing the changes he made to his legal team, Sangalli says, ‘We´ve divided our roles by jurisdictions, which has helped the legal team develop a close and pro-business relationship with local management. Similarly, the legal team has grown in quantity and seniority, allowing team members to become empowered by leading complex transactions’. Before joining IC Power, he was legal head of the Peruvian office of telecom company Global Crossing (now, CenturyLink) and, prior to that, senior legal counsel at the Enel Group power generator in Peru.