News

Lefosse hires partner from BMA

Brazil’s Lefosse Advogados has bolstered its tax practice by hiring a partner from fellow Latin Lawyer Elite firm BMA – Barbosa, Müssnich, Aragão.

30 July 2021

State Grid completes US$3 billion purchase of Chile’s CGE

Chinese power company State Grid has relied on Paul, Weiss, Rifkind, Wharton & Garrison LLP in Beijing and Claro y Cía in Santiago to complete its 2.6 billion euros (US$3 billion) acquisition of Spanish counterpart Naturgy’s stake in Chilean transmission group Compañía General de Electricidad (CGE).

30 July 2021

Brazil’s largest aluminium producer CBA launches IPO

Companhia Brasileira de Alumínio (CBA) has enlisted Cleary Gottlieb Steen & Hamilton LLP in São Paulo and New York and Brazilian firm Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados to raise 1.6 billion reais (US$314 million) in an initial public offering, becoming the first listed aluminium company on the Novo Mercado segment of the São Paulo stock exchange, B3.

30 July 2021

Three firms steer first major open banking buy in Brazil

Brazilian firm Bichara Advogados has helped local fintech PicPay acquire finance app Guiabolso in one of the first major open banking transactions in Brazil, as the country prepares to enter the second phase of introducing the new regulation.

30 July 2021

Electricity distributor makes landmark debt placement in Panama

Panamanian power distributor Elektra Noreste has enlisted Clifford Chance LLP in New York and Washington, DC and local firm Alemán, Cordero, Galindo & Lee to raise US$100 million in the first private placement on the Latin American stock exchange in Panama.

30 July 2021

UTC to divest energy assets in third restructuring amendment

Brazilian firm Leite, Tosto e Barros Advogados has helped local engineering group UTC amend its 3.7 billion restructuring (US$723 million) deal for the third time, following months of shareholder negotiations.

30 July 2021

Deloitte Legal poaches EY Law partner in Guatemala

Deloitte Legal in Guatemala City has strengthened its corporate and M&A offering by hiring Ruby Asturias from Latin Lawyer 250 firm EY Law (Guatemala), in the same month that the firm also added a labour partner in Argentina.

29 July 2021

KPS Capital buys controlling stake in Tate & Lyle’s LatAm business

US investor KPS Capital Partners has turned to Paul, Weiss, Rifkind, Wharton & Garrison LLP in New York and Washington, DC and Macfarlanes LLP in London to acquire a controlling stake in global food supplier Tate & Lyle’s North American and Latin American operations for US$1.7 billion.

29 July 2021

Estudio O’Farrell promotes in Argentina

Estudio O’Farrell Abogados has bolstered its labour practice by promoting a lawyer to partner.

29 July 2021

Muriel Advogados hires KLA lawyer as partner following split

Brazil’s Muriel Advogados, which recently rebranded as a disputes boutique following the departure of several former name partners, has hired a lawyer from Latin Lawyer 250 firm KLA Advogados as partner.

29 July 2021

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