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.
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.