Debt capital markets activity rose in Argentina, Chile and Colombia during the first half of 2020 compared to the same period in 2019, according to data collected by Latin Lawyer – while Peru saw a drop in the number of these deals and Brazil experienced a shift in favour of the equity capital markets.
Colombia's banking regulator has become the first in Latin America to issue a regulatory framework for green bonds, as Brazil’s central bank has also pledged its backing.
Clifford Chance LLP in São Paulo has helped Brazilian fintech start-up Neon Pagamentos raise over US$300 million in its third investment round, obtaining funds from companies like PayPal, BlackRock and General Atlantic.
Pinheiro Guimarães has helped the São Paulo stock exchange, B3, raise nearly 3.6 billion reais (US$651 million) in an issuance of debentures.
US learning provider Laureate Education has hired Simpson Thacher & Bartlett LLP in New York, Jones Day in Washington, DC and Amsterdam, and Brazilian firms Veirano Advogados, Demarest Advogados and Campos Mello Advogados to sell its operations in Brazil for nearly 4 billion reais (US$724 million), following recent divestments in the US and Chile.
Madrona Advogados has helped Brazilian health insurance company Hapvida buy local healthcare group Promed in a deal worth 1.5 million reais (US$279 million).
Brazilian drugstore chain Pague Menos has hired Davis Polk & Wardwell LLP in São Paulo and New York and local firm Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados to raise 747 million reais (US$136 million) in an IPO on the B3 stock exchange in São Paulo.
Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados opened an environmental, social and corporate governance (ESG) practice yesterday, making it one of the few law firms in Latin America to have a standalone practice dedicated to sustainability and social impact matters.
Brazilian firm Campos Mello Advogados has bolstered its tax and corporate practices by promoting two to partner, as it continues to strengthen its offering in line with a five-year strategic plan announced last year.
Specialists from the US, Brazil, Chile and Mexico met to discuss the allure of the Chapter 11 process for Latin American’s three largest airlines, Avianca, LATAM and Aeroméxico, as well as the potential pitfalls of forum shopping.