Work Area: M&A

Brazil’s Locaweb continues acquisition spree

Tauil & Chequer Advogados in association with Mayer Brown has helped Brazilian internet services company Locaweb in two recent acquisitions, worth 287 million reais (US$52 million) in total.

25 October 2021

Lefosse and R. Amaral return for new Kora Saúde deal

Brazilian hospital chain Kora Saúde has enlisted Lefosse Advogados to purchase a controlling stake in counterpart Grupo OTO for 248 million reais (US$45 million).

25 October 2021

Grupo Pão de Açúcar sells supermarkets for US$946 million

Brazilian supermarket chain Sendas Distribuidora (Assaí) has turned to Pinheiro Guimarães to purchase 71 stores from counterpart Companhia Brasileira de Distribuição, which operates as Pão de Açúcar, for 5.2 billion reais (US$946 million).

22 October 2021

Santacruz Silver and Glencore carve out mine sale deal in Bolivia

Dentons Guevara & Gutiérrez in La Paz has advised Canadian company Santacruz Silver Mining in the acquisition of a Bolivian mining portfolio from Anglo-Swiss counterpart Glencore for US$110 million.

21 October 2021

Indian telecoms company buys Andean assets

DLA Piper Martínez Beltrán in Bogotá, DLA Piper (Peru) and S&R Associates in New Delhi and Mumbai have helped Latin American cloud communications company Masivian in its US$50 million sale to Indian counterpart Route Mobile.

21 October 2021

Brazil’s XP nabs minority stake in alternative investment group

Davis Polk & Wardwell LLP in New York and São Paulo has helped Brazilian asset manager XP acquire a minority stake in local alternative investment company Jive as part of a partnership between the two organisations.

20 October 2021

Several firms steer Argentina-Brazil edtech merger

Dias Carneiro Advogados in São Paulo and Bruchou, Fernández Madero & Lombardi in Buenos Aires have helped Argentine edtech Digital House merge with Brazilian coding platform Rocketseat.

20 October 2021

US investor buys Mexican industrial park

Mexican firms Trujillo Abogados, RSL Real Estate Legal Consulting and DM Tax have helped US real estate investment manager TC Latin America Partners acquire an industrial park in northern Mexico.

20 October 2021

Australian miner enters Chile with Sierra Gorda buy

Cariola Díez Pérez-Cotapos in Santiago and UK-Australian firm Herbert Smith Freehills have helped Australian miner South32 buy a stake in Chilean copper mine Sierra Gorda from Japanese conglomerate Sumitomo in a deal worth over US$2 billion.

19 October 2021

Alsea and Bain Capital co-invest in European restaurant operator

Mexican restaurant operator Alsea has hired Garrigues in Madrid and DLA Piper Gallástegui y Lozano in Mexico City to increase its stake in its subsidiary Alsea Europe through a joint investment with US private investment fund Bain Capital, worth nearly 111 million euros (US$128 million).

18 October 2021

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