Linklaters advises domestic and foreign listed companies, banks, financial entities and collective investment schemes on the full spectrum of capital markets transactions, from debt and equity to derivatives and structured finance. The team handles the issuance, offering and acquisition of securities and other financial instruments – including IPOs, public takeovers and rights issues – and the issuance of debt instruments, as well as related regulatory issues. The practice is co-led by António Soares, a specialist in equity and debt securities and financial regulation, alongside Vera Ferreira De Lima, who also heads up the financial regulation group and has broad experience across debt and equity capital markets transactions.

Morais Leitão, Galvão Teles, Soares da Silva & Associados‘ ‘excellent team’ is trusted by domestic and international listed companies, as well as other issuers and offerors of securities, in ‘complex’ debt and equity transactions, frequently representing them before the CMVM, Interbolsa and Euronext Lisbon. Leading the practice is Tomás Vaz Pinto alongside the ‘hands-on’ Eduardo Paulino, renowned for his ‘unparalleled experience’ in public and private equity and debt offerings and intricate financing. Maria Soares Do Lago, recognised for her availability, specialises in debt and hybrid issues, securitisation and derivatives, while Ricardo Andrade Amaro is a securities expert. Magda Viçoso advises on public and private equityofferings, public takeover bids and privatisations.

Portuguese listed companies and domestic and international financial institutions turn to PLMJ for the full range of capital markets matters. Combining ‘technical excellence’ with a ‘collaborative approach’, the firm handles public and private equity offerings, including IPOs, rights issues and takeovers, debt issues, securitisation and derivative products. Practice head André Figueiredo is recognised for his ‘remarkable strategic vision’ in debt and equity transactions on the primary and secondary capital markets. Raquel Azevedo focuses on IPOs, public offerings for sale and takeover bids, and the governance of listed companies.

VdA‘s capital markets practice advises on major public and private offerings of debt and equity securities at the national and international level. The team supports securitisation transactions, MTN programmes, rights issues, privatisations, de-listings and restructurings, among others, with recent mandates in sustainability-linked bonds. Practice head Pedro Cassiano Santos covers the full spectrum of capital markets matters, from regulatory issues to financing transactions. Hugo Moredo Santos plays a significant role in green and sustainability-linked bonds, while Orlando Vogler Guiné is active in the Portuguese debt, structured debt and securitisation market.

CS’Associados‘ ‘extremely diligent and meticulous’ team handles equity and debt capital markets transactions, including the issuance of hybrid and convertible instruments. The practice is led by Maria Castelos, experienced in takeover offers and capital markets-driven privatisations and project bonds; António Rocha Alves, who has a track record in debt capital markets, including project bond transactions; and David Oliveira Festas, who focuses on equity transactions. Nuno Saldanha de Azevedo is a key contact for public bonds subscriptions and exchange offers.

Renowned for its ‘in-depth knowledge’ of the market, Cuatrecasas acts for banks, financial institutions and investment funds in equity and debt capital markets, derivatives, structured finance and securitisation mandates. The team, praised for its ‘high technical quality’, is jointly led by Manuel Requicha Ferreira, experienced in both debt and equity – covering takeovers, equity stakes acquisition, governance matters and simple and structured debt financings – and Paulo Costa Martins, who specialises in public offers and private placements, fund formation, asset management and a variety of investment vehicles.

Maintaining a close relationship with Portuguese regulators, Uría Menéndez draws on its ‘commercial acumen’ to advise on complex regulatory matters, including the conversion of real estate companies into CMVM-regulated collective investment undertakings and the incorporation of investment firms in Portugal. The ‘proactive’ team is jointly led by Carlos Costa Andrade, an expert in capital markets, M&A and corporate governance, and Miguel Stokes, noted for his ‘solid technical expertise’ and ‘practical’ approach to structured finance and capital markets transactions. Domingos Salgado is also noted for his experience in debt and equity offerings, structured products and other complex securities.

Recognised for its ‘technical quality’, Abreu Advogados advises on debt and equity securities, asset management, OTC derivatives and related regulatory and contentious matters. The ‘competent’ and ‘diligent’ team is jointly led by Diogo Pereira Duarte, a fintech and investment banking expert; Pedro Ferreira Malaquias, whose practice spans retail and investment banking activities including securitisations, covered bonds, NPLs and structured finance; and Rodrigo Formigal, focused on debt restructuring, distressed assets and high-yield bonds. Miguel Rodrigues Leal joined from Uría Menéndez in May 2025, bringing experience in NPL acquisitions, bond issues and private debt.

CMS‘ ‘very experienced, versatile’ team is well-versed in equity and debt capital markets, securitisation and regulatory matters, also drawing on the firm’s wider strength in private equity and financial services regulation. The practice is led by João Caldeira, renowned for his ‘creative solutions’ across the full spectrum of capital markets work, and Francisco Xavier de Almeida, who is experienced in bond issues, acquisition financing, public offerings and NPL-related transactions.

Garrigues Portugal acts for listed companies in equity and debt capital markets matters, including dual listings, share buy-back programmes and securitisation transactions. Experienced in regulatory matters, the ‘proactive’ team also handles compliance and corporate governance. The practice is jointly led by Marta Graça Rodrigues, who has a strong track record in capital markets, securities law and financial regulation, and Mário Lino Dias, who is well-versed across all stages of the investment cycle.

Pérez-Llorca‘s capital markets team supports issuers, investors, underwriters, sponsors and sellers throughout the lifecycle of equity, debt and structured finance transactions. Manuel Cordeiro Ferreira leads the team, bringing experience in ECM and DCM transactions, including securitisations and portfolio acquisitions.

Sérvulo & Associados leverages its ‘excellent technical skills’ and ‘in-depth knowledge of the regulatory framework’ to advise on regulatory compliance, transactions, fintech, corporate governance, asset management and investment funds. The practice is jointly led by Manuel Magalhães alongside Paulo Câmara, renowned for his ‘unparalleled’ expertise in financial regulation, governance and regulated markets, as well as ESG matters. Patricia Costa Gomes is a trusted contact for debt restructuring, compliance and institutional finance. Francisco Soares Machado arrived from Cuatrecasas in December 2025, bringing experience in regulated markets and public offerings of securities in equity and debt capital markets.

SRS Legal leverages its ‘extensive knowledge’ of capital markets to advise on debt issues, securitisations and fund offerings, as well as regulatory matters. Practice head Alexandra Valente is a ‘trusted adviser’ to lenders and borrowers on distressed debt, distressed equity and financial restructurings. João Santos Carvalho balances ‘technical rigour with strategic insight’ across a broad range of financing transactions.

Ferreira Pinto Cardigos Advogados is well-versed in securities and derivatives transactions, regulatory compliance and corporate governance, regularly advising investment banks, other financial institutions and corporates. The ‘brilliant’ Maria Almeida Fernandes leads the practice, bringing expertise in credit facilities, debt restructuring, debt issues and securitisations. Pedro Cardigos advises investment banking firms across a wide range of capital markets transactions.

Gómez-Acebo & Pombo advises issuers, underwriters, sponsors and other market participants on capital markets and securitisation transactions, regulatory issues and investment funds-related matters. Mafalda Barreto leads the practice, regularly guiding international corporations and investment funds through cross-border M&A in highly regulated sectors. Filipe Santos Barata handles a broad range of capital markets transactions, including bond issues, debt restructuring and syndicated lending.

MACEDO VITORINO advises domestic and international clients on structured transactions across a wide range of sectors, including real estate, TMT, energy and infrastructure. Founding partner António de Macedo Vitorino – focused on domestic and cross-border financial transactions and securities law – co-leads the practice with André Vasques Dias, who advises corporates, investment funds, private equity houses and family offices on the underwriting, issuing and listing of securities.