Market: Brazil

Patria raises US$117 million in Smart Fit follow-on

Two Simpson Thacher & Bartlett LLP offices and Mattos Filho in São Paulo have helped Patria Investimentos reduce its stake in Brazilian gym chain Smart Fit through a follow-on offering worth 592 million reais (US$117 million).

08 June 2023

Brazilian sugar group secures DIP financing

One of São Paulo’s largest sugar and ethanol manufacturers, Clealco, has secured court approval for one of the first major debtor-in-possession (DIP) financing agreements since the 2021 reforms to Brazil’s bankruptcy code.

08 June 2023

Mattos Filho announces new managing partner

Pedro Whitaker de Souza Dias will take over as managing partner of Mattos Filho from April 2024, working alongside outgoing leader Roberto Quiroga over the next ten-month transition period.

07 June 2023

Lefosse and Moysés & Pires in first airport concession rebid

Lefosse has helped Swiss airport operator Zurich Airport place a 320 million reais (US$64 million) winning bid for a 30-year concession for São Gonçalo do Amarante Airport (ASGA) in northeastern Brazil, the first time that a local airport concession has been rebid.

07 June 2023

Mello Torres appoints three partners

Brazil’s Mello Torres has boosted its capital markets, tax and M&A groups by hiring a partner from Campos Mello Advogados in cooperation with DLA Piper and a senior associate from Pinheiro Neto Advogados, as well as promoting a lawyer internally.

06 June 2023

Several LatAm firms ink US$1.5 billion cross-border insurance buy

Hogan Lovells LLP has acted as lead counsel for insurance group HDI International in its acquisition of the Latin American business of Liberty Mutual Insurance for nearly US$1.5 billion, a deal that includes assets in Brazil, Chile, Colombia and Ecuador.

05 June 2023

LatAm governments must deliver on anti-corruption promises

Major recent political transitions in Latin America have unequivocally impacted how anti-corruption law is enforced in the region, meaning that the need for independent judiciaries and cooperation between local and foreign anti-corruption authorities has never been greater, said panellists at Global Investigations Review and Latin Lawyer’s Anti-Corruption & Investigations conference in Mexico City yesterday.

02 June 2023

Brazilian firm LDCM nabs talent from White & Case

Brazilian disputes firm LDCM Advogados has hired an associate from White & Case LLP’s London office as partner, bolstering its international capabilities.

02 June 2023

Tauil & Chequer steers BTG Pactual carbon credits investment

Tauil & Chequer Advogados in association with Mayer Brown has helped BTG Pactual make a minority investment in Brazilian carbon credits company Systemica.

02 June 2023

Demarest partners launch disputes boutique

Five partners and a large group of associates have left Demarest Advogados to establish disputes-focused firm Xavier Gagliardi Inglez Verona Schaffer (XGIVS).

01 June 2023

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