After a troubling 2018, this year saw Brazilian M&A activity begin to return to form – with healthy projections for 2020 – but broader prospects across the region are distinctly varied, according to panellists speaking at Latin Lawyer Live 9th Annual M&A conference in São Paulo.
Marval, O'Farrell & Mairal in Buenos Aires and Philippi Prietocarrizosa Ferrero DU & Uría (Peru) have helped a Peruvian subsidiary of Argentina’s Navent Group obtain acquisition financing to buy assets from Peru’s oldest newspaper, El Comercio.
Hogan Lovells LLP in Munich, New York and São Paulo and Rodrigo, Elías & Medrano Abogados in Lima have helped German carmaker Daimler revamp its Latin American operations as part of a wider corporate rejig.
The Latin American private equity landscape is seeing a boom in infrastructure and technology investments, but private equity funds still face challenges, namely due to political turmoil and corruption risk, heard delegates at Latin Lawyer Live 9th Annual M&A conference in São Paulo.
Peru’s new merger control legislation is a “positive” change but “lacks the institutional reform required”, local lawyers have said.
A Peruvian court has overturned pre-trial detention orders against eight arbitrators accused of taking bribes from Brazilian construction company Odebrecht, including one whose arrest prompted outcries from the international arbitration community.
Chilean car importer Automotores Gildemeister has struck a deal to restructure over US$500 million of its senior notes, with counsel from Cleary Gottlieb Steen & Hamilton LLP and a host of law firms throughout South America. By Jordan Fermanis.
Five Baker McKenzie LLP offices and Jiménez de Aréchaga, Viana & Brause in Montevideo have helped consortium Grupo Vía Central, led by Spanish constructor Sacyr, obtain the largest project financing ever in Uruguay – worth US$855 million – to fund a public-private partnership (PPP) railway project connecting Montevideo and Paso de los Toros.
Iberian law firm Cuatrecasas continues to expand its newly opened office in Lima, this time hiring a partner with experience working at Peruvian Latin Lawyer 250 firms Payet, Rey, Cauvi, Pérez Abogados and Bullard, Falla, Ezcurra + to lead its arbitration and litigation practice.
Peruvian law firm Rebaza, Alcázar & De Las Casas has helped Spanish engineering group Ezentis extend an existing syndicated loan worth 123 million euros (US$136 million).