Work Area: M&A

Argentine fintech Ualá expands with Mexican bank buy

Argentine fintech Ualá has enlisted Hughes Hubbard & Reed LLP in New York to acquire Mexican lender ABC Capital, marking its first acquisition in Latin America's second largest economy.

18 November 2021

Millicom makes single largest-ever foreign investment in Guatemala

Luxembourg-based telecoms and media group Millicom has hired Davis Polk & Wardwell LLP in New York and Consortium Legal (Guatemala) to acquire the remaining stake in Tigo Guatemala for US$2.2 billion from its local partner, Miffin Associates Corp, marking the largest ever single foreign investment in the Central American country.

17 November 2021

Multiple firms in cross-border Peruvian logistics acquisition

Global alternative investment group HIG Capital has relied on Debevoise & Plimpton LLP in New York, RocaJunyent in Madrid, Rebaza, Alcázar & De Las Casas in Lima, Ferrere in Bolivia and CorralRosales in Ecuador to purchase a majority stake in Peruvian third-party logistics company Grupo Ransa.

17 November 2021

Three firms help Brazilian feedback website sell stake to StoneCo

Brazilian customer feedback website Reclame Aqui has hired KLA Advogados and NHM Advogados to divest a minority stake in its business to local financial technology solutions provider StoneCo.

17 November 2021

South African miner enters LatAm with US$1 billion buy in Brazil

South African precious metals miner Sibanye-Stillwater Group has enlisted Clifford Chance LLP in São Paulo to acquire Brazilian mining assets from UK private equity fund Appian Capital for US$1 billion.

16 November 2021

Cuatrecasas and CMS Carey & Allende in Andean solar purchase

Cuatrecasas in Lima and Bogotá has helped Malaysian energy infrastructure developer Yinson acquire shares in a Colombian solar farm from Chilean renewables developer Verano Capital.

16 November 2021

Landmark Uruguayan tech M&A calls on multiple LatAm firms

US digital consultancy company Perficient has hired PricewaterhouseCoopers (PwC) in Buenos Aires, Santiago and Montevideo and Colombian firm CUVAL Abogados to acquire Uruguayan software development business Overactive for US$101 million, obtaining assets in several Latin American jurisdictions.

15 November 2021

Cescon Barrieu appoints eight new partners

Brazilian Elite firm Cescon, Barrieu, Flesch & Barreto Advogados has added firepower to several departments by promoting seven lawyers to its senior rank and hiring a practitioner from Stocche Forbes as partner.

12 November 2021

Actis buys transmission lines in Brazil from Portugal’s EDP

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados has helped UK private equity group Actis acquire three Brazilian power transmission assets from Portuguese EDP Energias for 1.3 billion reais (US$237 million).

12 November 2021

Ecuador issues largest-ever gun-jumping fine

Ecuador’s competition authority has fined the conglomerate Sia Products over €2 million (US$2.6 million) for failing to notify the establishment of a new trust that gave it majority control over a paper products maker, marking the largest sanction the enforcer has ever imposed for gun-jumping.

12 November 2021

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