Q2 2018

Latin Lawyer Special Report: M&A and capital markets deal activity

An in-depth look at M&A and IPO transactions in Latin America and the law firms behind them.

Latin Lawyer Special Report: M&A and capital markets deal activity Credit: iStock.com/maginima

For the first time, Latin Lawyer has sought to produce a comprehensive report of deal activity in Latin America through an extensive research process.

For this report, based on law firm submissions to Latin Lawyer, we have focused mostly on the M&A market in 2017, having gathered information on 1,000 deals amounting to $130 billion. Close to half of them were in Brazil, while almost 400 played out in the Pacific Alliance countries and 64 were in Argentina. Most of the money was pumped into the region’s power and renewables industry, followed by the banking and financial services sectors. The mining, consumer goods, manufacturing, and oil and gas industries also attracted investment of around $10 billion each. Some 500 law firms were involved in making the deals happen, but most transactional activity was concentrated in a comparatively small group.

In this special report, we analyse transactions that took place in 2017 according to geography and industry. We identify the busiest law firms in the biggest jurisdictions and examine their working relationships with each other. Attention is paid to the international legal market: what type of firms are winning the work, and which have the biggest geographical reach? Our findings also help to illustrate the relationship between Latin American firms’ choice of international strategy and their cross-border deal volume.

Meanwhile, 28 IPOs have taken place in the 17 months since January last year, across Argentina, Brazil, Chile and Mexico. Most activity was in Brazil, whose capital markets have enjoyed a return to health, but Mexican capital markets lawyers were kept busy while teams in Argentina have benefited from renewed investor interest. Our capital markets report includes a timeline of those IPOs, the law firms working on them and the issuers’ choice of market.

This report coincides with the publication of capital markets round ups in Latin Lawyer’s online news briefing, all with a view to providing dealmakers with critical information on transactional activity across Latin America.

Follow the links below to read individual reports into M&A activity in key jurisdictions. A full methodology can be read here.

Mergers & Acquisitions: Argentina

Mergers & Acquisitions: Brazil

Mergers & Acquisitions: Chile

Mergers & Acquisitions: Colombia

Mergers & Acquisitions: Mexico

Mergers & Acquisitions: Peru

Mergers & Acquisitions: International firms

  • Industry :
  • Renewable energy, Banking and Financial Services, Mining and Metals, Consumer Goods and Office Supplies, Manufacturing, Oil & Gas

Events

Events

Latin Lawyer - GIR Live Anti-Corruption & Investigations Mexico

Events

Latin Lawyer - GRR Live 4th Annual Restructuring

Insight

Reference

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Construction

Chile

Alfonso Reymond Larraín and Rodrigo Riquelme Yanez

Reymond & Cía

Brazil

Fernando Marcondes, Ricardo Medina Salla, Marlon Shigueru Ushiro Ieiri, Adriana Regina Sarra de Deus and Juliana Yumi Shiina Morato

LO Baptista

All Reference

Guides

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The Guide to Infrastructure and Energy Investment

How to Build Up a Region: Development Banks and Multilateral Financing

Thomas Hechl and Vanessa Pinto Villa

Hogan Lovells LLP

The Role of Project Finance in Developing a Region: Trends and Considerations

Andrés Arnaldos Montaner , Daniel D Bartfeld , Jaime E Ramirez and Roland Estevez

Milbank, Tweed, Hadley & McCloy LLP
All Guides