Market: Brazil

Demarest appoints 11 new partners

Demarest Advogados has appointed 11 lawyers to partner, representing the Brazilian Elite firm’s largest promotion ever.

09 December 2021

Several firms help TIM sell assets to UK telecoms business

Brazilian telecoms company TIM has hired Pinheiro Neto Advogados, Mundie Advogados and Palma Guedes Advogados to sell a controlling stake in its fibre optics subsidiary to London-headquartered infrastructure group IHS Towers for 1.6 billion reais (US$294 million).

09 December 2021

JBS issues sustainability-linked bonds in dual offering

Brazilian beef packer JBS has hired Davis Polk & Wardwell LLP in New York, three offices of White & Case LLP and Lefosse Advogados in São Paulo to raise US$2 billion in two bond issuances, including a sustainability-linked tranche.

09 December 2021

Pinheiro Neto appoints nine partners and two counsel

Brazilian Elite firm Pinheiro Neto Advogados has promoted nine associates to partner and two to counsel, bolstering several practice groups.

08 December 2021

Azul backs off from LATAM offer after restructuring filed

Two days after South America’s largest airline LATAM submitted a Chapter 11 plan in New York, one of its Brazilian competitors has backed off from an offer to combine with the Chile-headquartered company.

08 December 2021

Demarest and Cleary help first Brazilian SPAC register with CVM

Demarest Advogados in São Paulo and Cleary Gottlieb Steen & Hamilton LLP in São Paulo and New York have helped Brazil’s first special purpose acquisition company (SPAC), sponsored by US consultancy group Alvarez & Marsal, register with the South American country’s securities and exchange commission, CVM.

07 December 2021

Bradesco calls on Mattos Filho for carbon credit trading programme

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados has helped Brazilian environmental management company Ambipar and Banco Bradesco enter into a partnership that will allow the bank’s customers to discover their carbon footprint and trade carbon credits.

07 December 2021

Lefosse returns for Kora Saúde healthcare acquisition

Lefosse Advogados has helped Brazilian hospital chain Kora Saúde acquire a controlling stake in local cardiology group Angiocardis - Diagnósticos e Terapêutica for 710 million reais (US$130 million).

06 December 2021

DDSA lawyer joins Martinelli as partner in Brazil

Brazilian firm Martinelli Advogados has hired a senior associate from Highly Recommended DDSA - De Luca, Derenusson, Schuttoff Advogados as non-equity partner and head of its M&A group in São Paulo.

03 December 2021

Tech transactions will lead the way in Brazilian M&A market in 2022

Despite facing volatility amid the covid-19 pandemic and upcoming elections, panellists at Latin Lawyer Connect: M&A 2021 predict the Brazilian M&A market will remain busy in 2022, with tech-focused businesses reaping the rewards.

02 December 2021

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