Alfaro, Ferrer & Ramírez has helped Banco Aliado acquire counterpart Banco Panamá for US$210 million.
Mayer Brown LLP in Chicago and São Paulo and Alfaro, Ferrer & Ramírez in Panama City have helped local financial institution Global Bank obtain a US$60 million credit line from IDB Invest to increase its lending to small and medium-sized enterprises (SMEs).
Posse Herrera Ruiz has helped Colombian private equity fund managers Nexus Capital Partners and Olímpica Group sell their controlling stakes in local airport operators Airplan and Aeropuertos de Oriente.
Panamanian firm Alfaro, Ferrer & Ramírez has helped Brazilian construction company Odebrecht obtain financing worth US$150 million, which it will use to fund the construction of the new south terminal at Tocumen International Airport.
Morgan & Morgan has helped the government of Panama award a concession to build the second line of the Panama City metro to a consortium composed of Spanish construction company FCC and Brazil’s Odebrecht.
Latin Lawyer continues with its overview of the leading corporate law firms in Latin America, as analysed in the 17th edition of Latin Lawyer 250. Today the focus is on Panama.
Twenty firms working across nine jurisdictions have provided counsel in a multi-stage transaction that saw Colombia’s Terranum Hoteles become the owner of one of Latin America’s largest hotel chains through its acquisition of Decameron Hotels and six of its international subsidiaries.
US firm K&L Gates LLP and Panama’s Alfaro, Ferrer & Ramírez have advised a consortium on a US$212 million receivables purchase agreement with two banks that will help finance improvement works to the Panama City metro.
Shearman & Sterling LLP in New York, Peru’s Rubio Leguía Normand, Colombia’s Posse Herrera Ruiz, Tobar & Bustamante in Ecuador, Panama’s Arias, Fábrega & Fábrega and Romero Pineda & Asociados in El Salvador have helped Peruvian private equity firm Nexus Group acquire a controlling stake in plastic bottle manufacturer San Miguel Industrias.
Colombia’s Gómez-Pinzón Zuleta Abogados, the New York office of Simpson Thacher & Bartlett LLP and Panamanian firm Icaza, González-Ruiz & Alemán have helped the holding company of Colombian national flag carrier, Avianca, issue notes worth US$300 million on the international markets.