Market: Brazil

SoftBank invests US$127 million in Brazilian healthtech Alice

Holland & Knight LLP in Miami and Philadelphia has helped Japanese investor SoftBank inject US$127 million into Brazilian healthcare start-up Alice.

19 January 2022

XP acquires Banco Modal in US$529 million merger

Spinelli Advogados has helped Brazilian brokerage XP acquire local investment platform Banco Modal for US$529 million as part of an all-shares merger.

18 January 2022

Demarest helps launch crypto exchange for start-ups in Brazil

Brazil’s Demarest Advogados has helped local crowdfunding organisation StartMeUp (SMU) launch a platform that will allow start-up companies and investors to trade securities as digital currency tokens.

18 January 2022

BMA and TozziniFreire in US$74 million tech acquisition

Brazilian financial technology provider Sinqia has turned to BMA - Barbosa, Müssnich, Aragão to acquire local software development companies NewCon Tecnologia and NewCon Software for 422 million reais (US$74 million).

18 January 2022

Cescon Barrieu hires partner from Machado Associados

Brazilian Elite firm Cescon, Barrieu, Flesch & Barreto Advogados has boosted its tax capabilities by recruiting a partner from Highly Recommended Machado Associados, amid ongoing congressional debate of a new bill in the field.

17 January 2022

Bumper harvest and DIP loan help Brazil's Moreno exit bankruptcy

Felsberg Advogados has helped Brazilian sugar ethanol company Grupo Moreno repay its entire debt pile of 1 billion reais (US$180 million), withdrawing a debtor-in-possession (DIP) loan to settle the bill.

17 January 2022

Brazil's Dias Carneiro helps IDB Invest fund gender equality efforts

Dias Carneiro Advogados has helped IDB Invest grant a US$300 million loan to Brazil’s Banco Daycoval, targeted at supporting female entrepreneurship in underserved areas of the country.

17 January 2022

Banco do Brasil makes inaugural social bond offering

Shearman & Sterling LLP in São Paulo, London and New York and Campos Mello Advogados in cooperation with DLA Piper in São Paulo have helped Banco do Brasil raise US$500 million in its first social bond offering.

14 January 2022

XP calls on BMA to buy stake in content developer

BMA - Barbosa, Müssnich, Aragão has helped Brazilian investment manager XP acquire a minority stake in content developer Grupo Suno.

14 January 2022

Norton Rose and Machado Meyer steer US$110 million car financing

Norton Rose Fulbright LLP in Washington, DC and Machado Meyer Advogados in São Paulo have helped the International Finance Corporation (IFC) grant a 622 million reais (US$110 million) financing package to local Banco Alfa de Investimento for the acquisition of environmentally-friendly vehicles.

14 January 2022

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