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.
Milbank in New York and Carey in Santiago have helped a Chilean energy company owned by France’s Total and US solar energy group SunPower obtain project financing worth US$212 million for a renewables project in northern Chile.
Ahead of the publication of the 2020 edition of LACCA Approved, we take a look at the results to find out who Latin America’s leading law firm partners are, as voted for by in-house counsel.
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 47 debt transactions outside Brazil, with a combined value of US$11.7 billion.
Argentine, Chilean, Mexican and Peruvian firms have landed roles in the closing of Spanish investment manager Asterion’s global data centre deal with Telefónica and the associated acquisition loan.
Winston & Strawn LLP in New York and Carey in Santiago have helped electricity company Enel Chile obtain a US$150 million syndicated credit agreement from Canadian, Japanese and Spanish banks.
Chilean firm Carey has chosen a female partner as the newest member of its executive committee in a legal market where most top jobs go to men.
Milbank in New York and Morales & Besa in Santiago have helped Chilean retailer Cencosud Shopping make Chile’s largest ever IPO, worth US$1.03 billion.
Carey’s football team has won a tournament organised by the Chilean Women Lawyers Football League.