Peru was the busiest country for M&A transactions in Spanish-speaking Latin America during January and February, with more deals taking place there than in Mexico and Argentina combined, according to Latin Lawyer’s research.
Some 150 Latin American and international law firms have helped companies in the region raise more than US$200 billion through nearly 800 debt and equity capital markets deals throughout 2018, according to Latin Lawyer data.
Telefónica Perú, Facebook, the Development Bank of Latin America (CAF) and IDB Invest have launched mobile infrastructure operator Internet para Todos (IpT) and jointly invested US$150 million to expand mobile broadband services in Peru.
Peru’s DLA Piper Pizarro Botto Escobar has promoted an associate who joined as an intern to partner and corporate and M&A group co-head.
DLA Piper Pizarro Botto Escobar has helped state-owned Bank of China (BoC) obtain a licence to operate in Peru.
Rodrigo, Elías & Medrano Abogados has helped international professional services company TMF Group buy Peruvian fiduciary company FiduPerú.
Canadian firm Cassels Brock & Blackwell LLP, Peru’s Hernández & Cía Abogados, and Harneys in the British Virgin Islands have helped Canadian energy company Polaris acquire Union Energy (UEG).
DLA Piper in Mexico City and Lima has helped Mexican car insurance company Quálitas Controladora purchase Peruvian counterpart HDI Seguros.
Colombian fitness company Bodytech has hired Mendoza Advogados in Bogotá to refinance a US$90 million loan with a syndicate of banks in a novel deal that involved shareholder loans and the borrower’s equity as a backstop.
Latin American and international law firms have helped companies in the region raise as much as US$110 billion through more than 350 debt and equity capital markets deals during the first half of 2018, based on Latin Lawyer data.