A former partner from Dentons Muñoz in Panama City has left to co-found a new firm, Virtù Atelier Legal, with a former partner from Anzola Robles & Associates.
Spanish gambling company Cirsa has hired Simpson Thacher & Bartlett LLP in London; Garrigues in Mexico City, Barcelona and Madrid and Morgan & Morgan in Panama City to raise €490 million (US$543 million) in a global debt tap.
It’s no secret that many of Latin America’s largest companies remain controlled by small, concentrated groups reluctant to relinquish control, limiting these entities’ ability to tap into a bigger pool of resources through the capital markets. This status quo makes public M&A deals a rarity in the region. Christina McKeon Frutuoso considers the challenges faced by lawyers when such transactions do arise.
Some 107 Latin American and international law firms have helped companies in the region raise nearly US$90 billion through 367 debt capital markets deals between January and June of this year, according to Latin Lawyer's data.
Latin Lawyer recorded 53 debt transactions outside Brazil, with a combined value of US$18.7 billion.
Latin Lawyer recorded 47 debt transactions outside Brazil, with a combined value of US$11.7 billion.
US university provider Laureate Education has hired Holland & Knight LLP in Miami and Icaza, González-Ruiz & Alemán in Panama City to sell a university in Panama for nearly US$87 million.
Arnold & Porter in Washington, DC and Icaza, González-Ruiz & Alemán in Panama City have helped Panama issue US$2 billion in sovereign bonds, with one 40-year tranche achieving an interest rate below 4% for the first time.
Shearman & Sterling LLP in New York and Menlo Park; Garrigues (Peru) and Arias, Aleman & Mora in Panama City have helped Peruvian group Intercorp Financial Services (IFS) raise US$414 million in a New York IPO and an additional US$54 million through an equity offering in Lima.
Panamanian law firm Delvalle, Escalona, Levy & Corró (DELCO) has helped Spanish Airline company Air Europa set up a route between Panama City and Madrid.