Topic: Cross-border M&A

Deal of the Year Winner: Private M&A

Featured in 15th Annual Awards

Uber completed its US$459 million acquisition of Chilean grocery delivery start-up Cornershop after more than a year of back and forth with local regulators amid the covid-19 pandemic. The acquisition faced regulatory challenges in Chile and Mexico, while the substantial price tag for a controlling stake in a Latin American start-up also stands out. The deal is our private M&A Deal of the Year.

21 May 2021

Deal of the Year Winner: Public M&A

Featured in 15th Annual Awards

The US$2 billion all-share merger between Brazilian cosmetics company Natura and US-UK counterpart Avon saw the combination of two listed companies and marked the largest outbound acquisition from Brazil since 2006. The transaction is our public M&A Deal of the Year.

21 May 2021

Deal of the Year Winner: Private Equity

Featured in 15th Annual Awards

CVC Capital Partners’ acquisition of Peruvian cash management business Hermes Transportes Blindados required a two-pronged approach. To clinch the deal, CVC had to undertake a public tender offer to purchase the majority of the listed company’s shares directly – from counterpart The Carlyle Group – at the same time as reaching separate, private, deal for the remainder. The multi-layered transaction between two of the world’s largest private equity investors played out over the Lima Stock Exchange and established sophisticated deal-making and compliance standards. It is our private equity Deal of the Year.

21 May 2021

Several firms help Canadian fund buy power assets in Brazil

TozziniFreire Advogados in São Paulo has helped Canadian pension fund Ontario Teachers’ (OTPP) acquire Brazilian electricity transmission company Evoltz from private equity group TPG Capital.

20 May 2021

Carey and Cariola Díez in US-Canadian engineering acquisition

US investor Coplay Equity Partners has hired Carey in Santiago to acquire Canadian power and automation solutions provider Magna IV Engineering, giving it assets in Chile.

17 May 2021

Creel García-Cuéllar and Galicia in US$1.4 billion global plastics deal

US materials company Trinseo has hired several Kirkland & Ellis LLP offices and Creel, García-Cuéllar, Aiza y Enriquez SC in Mexico City to acquire the plexiglass division of French chemicals company Arkema for nearly US$1.4 billion, giving it manufacturing plants in Mexico.

10 May 2021

Dutch investor snaps up Uruguay’s largest wind farm

Gómez-Acebo Pombo in Madrid and Hughes & Hughes in Montevideo have helped Dutch investment group DIF Capital Partners acquire a Uruguayan subsidiary of German wind turbine manufacturer Enercon in a deal that also involved a debt refinancing.

07 May 2021

Brazil’s Hidrovias expands in Paraguay

Waterway logistics company Hidrovias do Brasil has hired Skadden, Arps, Slate, Meagher & Flom LLP in Frankfurt and São Paulo and Ferrere (Paraguay) to acquire counterpart Imperial Group’s Paraguayan subsidiary for US$90 million.

28 April 2021

Dominican car group buys BMW distribution rights in Uruguay

Uruguayan law firm Guyer & Regules has helped Dominican car trader Magna Motors acquire Uruguay’s sole distributor of BMW vehicles, Automotores Motor Haus, for US$20 million.

28 April 2021

JBS swoops for major European vegan brand

Jones Day in Amsterdam and São Paulo has helped Brazil’s JBS, the largest meat processor in the world, acquire Dutch plant-based food group Vivera for 341 million euros (US$411 million).

26 April 2021

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