Market: Brazil

Brazil's Méliuz makes follow-on offering

Paul Hastings LLP in New York and São Paulo and Brazil's Cescon, Barrieu, Flesch & Barreto Advogados have helped local fintech Méliuz raise 1.2 billion reais (US$227 million) in a follow-on offering.

28 July 2021

Brazilian distributor wins billion-dollar dispute with Hyundai

An International Chamber of Commerce (ICC) tribunal in Frankfurt has ruled in a billion-dollar dispute over a distributor’s right to import Hyundai cars to Brazil, blocking the Korean company from terminating their contract and ruling it should run for another decade.

28 July 2021

Partners leave Brazilian firms Muriel Medici and Santos Neto for new ventures

Several partners have parted ways with Brazilian firms Muriel Medici Franco Advogados and Santos Neto Advogados, branching off to form separate ventures.

28 July 2021

Lobo de Rizzo and Mattos Filho in fast food merger

BK Brasil, the master franchise of fast food chains Burger King and Popeyes in Brazil, has hired Lobo de Rizzo Advogados to buy the local operations of Domino’s Pizza for 601 million reais (US$115 million).

28 July 2021

Brazil’s VTEX hits above target in IPO

Brazilian software company VTEX has enlisted Simpson Thacher & Bartlett LLP in New York and São Paulo and Lefosse Advogados in São Paulo to raise US$361 million in an initial public offering on the New York stock exchange.

27 July 2021

Brazilian gym chain Smart Fit launches IPO

Simpson Thacher & Bartlett in New York and São Paulo and Brazilian firm Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados have helped Latin America’s largest gym chain Smart Fit raise 2.3 billion reais (US$450 million) in an initial public offering on the São Paulo stock exchange, B3.

26 July 2021

Demarest disrupts market with new start-up initiative

Latin Lawyer Elite firm Demarest Advogados has launched a new initiative to offer tailored legal advice and flexible fees to Brazilian start-ups, supported by a local crowdfunding platform.

26 July 2021

Pinheiro Neto and Mattos Filho in Anhanguera-TIM education tie-up

Telecoms group TIM Brasil has turned to Pinheiro Neto Advogados to partner with Anhanguera Educacional to create a new online learning platform.

26 July 2021

Brazilian car services merger calls on two firms

Brazil’s WebMotors, an e-commerce site to trade used vehicles, has enlisted LGT Advocacia to acquire a majority stake in Car10 Tecnologia e Informação, a platform that brings together thousands of local workshops and automotive services.

26 July 2021

Magazine Luiza splurges on super app shopping spree

Brazilian retailer Magazine Luiza has hired Machado Meyer Advogados and TozziniFreire Advogados for several acquisitions to add four start-up and e-commerce companies to its digital app, on one occasion shelling out 3.5 billion reais (US$674 million) in what is understood to be the retailer’s largest acquisition to date.

23 July 2021

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