News

Mexican families lead landmark buy-out

19 October 2006

Mexico's Canales Clariond family has taken control of the country's largest steel maker, Grupo Imsa, in a US$1 billion leveraged buy out.

Guanacaste attracts another law firm

19 October 2006

Costa Rican law firm Feinzaig, Scharf & van der Putten has set up shop in Guanacaste, the second firm to do so in a month. The new office opened for business in the province's capital Liberia on 2 October.

Pipe makers close deal

19 October 2006

Steel pipe maker Tenaris, part of the Argentine conglomerate Techint, has completed its purchase of US rival Maverick Tube for US$3.2 billion.

Brazilian energy offerings hit new high

19 October 2006

Brazil's third largest electricity generator, Companhia Energética de São Paulo - CESP - has raised a total of US$1.8 billion in an equity deal and a bond offer. It is the largest equity offering by a Brazilian issuer in three years.

Oxy drops Petroecuador claim

19 October 2006

Occidental Petroleum has dropped one arbitration claim against Ecuador's state-owned oil company Petroecuador. But it continues to pursue contract and treaty claims worth over US$1 billion against the Ecuadorian government.

HSBC comes to Peru

19 October 2006

HSBC has opened up shop in Peru. The world's third largest bank began serving Peruvian corporate clients on 9 October and has plans to expand into consumer services next year.

Offshore firms merge

19 October 2006

Offshore firms Wsmiths and Ogier have agreed to merge their operations. The two firms will officially join forces on 1 February 2007, under the name Ogier.

Private funds shuffle companies

19 October 2006

The private equity arm of JP Morgan has found a successful exit strategy for its Mexican plastic tableware business - selling it to Merrill Lynch's private equity arm.

Ossa rejoins Claro

19 October 2006

Felipe Ossa has left Freshfields Bruckhaus Deringer to rejoin the dispute resolution team at Claro y Cía. in Chile as a senior associate.

Brazilian energy distributor sold

19 October 2006

Brazilian energy company CPFL Energia has bought electricity distributor Companhia Força e Luz Santa Cruz for US$95 million.