Market: Brazil

Several firms in cross-border solar deal

US solar power developer Array Technologies, owned by investment fund Blackstone, has hired four offices of Kirkland & Ellis LLP, three Cuatrecasas offices and Pinheiro Neto Advogados in São Paulo to acquire Spanish solar panel manufacturer Soluciones Técnicas Integrales Norland (STI Norland) and its Brazilian, Chilean and Mexican operations for 570 million euros (US$498 million).

26 November 2021

Barros & Errázuriz and Carey steer food distributor acquisition

Brazilian asset manager IG4 Capital has hired Barros & Errázuriz Abogados to enter into a joint venture with Santiago-based real estate company Inversiones Gibraltar and acquire a stake in its subsidiary, food distributor Adelco, worth US$114 million.

26 November 2021

Brazilian port agrees asset sale to Cosan subsidiary

Brazil’s São Luís Port Company, a subsidiary of China Communications Construction Company (CCCC), has hired Stocche Forbes to agree the final leg of the port's sale to local energy group Atlântico, in a deal worth 720 million reais (US$128 million) in total.

26 November 2021

Competition partners foresee greater scrutiny of e-commerce and fintech deals

Latin American competition authorities refuse to be shaken by the covid-19 pandemic and are stepping up their scrutiny of the region’s fast-growing e-commerce and digital banking sectors, said speakers at a Latin Lawyer webinar earlier this week.

25 November 2021

Vinci Partners and Gradiente enter renewables partnership in Brazil

Nantes Mello Advogados and Tauil & Chequer Advogados in association with Mayer Brown have helped Gradiente Energias Renovaveis and private equity group Vinci Partners, respectively, enter into a partnership to build wind and solar projects in the South American country for 2.4 billion reais (US$441 million).

25 November 2021

3R Petroleum raises US$437 million in follow-on offer

Brazilian oil company 3R Petroleum has enlisted Milbank in New York and São Paulo and local firm Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados to sell shares for 2.4 billion reais (US$437 million) in a follow-on offering on the B3 stock exchange.

25 November 2021

PPU and Machado Meyer help Sequoia invest in Chile and Brazil

Several firms have advised on Californian venture capital fund Sequoia Capital's investments in Chilean fintech Fintual and Brazilian logistics solutions provider Lincros, worth US$46 million in total.

25 November 2021

LATAM Airlines gets additional US$750 million DIP financing

LATAM Airlines has hired several international and Latin American law firms to obtain an additional US$750 million debtor-in-possession (DIP) financing, part of the aviation group’s Chapter 11 bankruptcy proceedings.

24 November 2021

Souto Correa leads green hydrogen partnership in Brazil

Souto Correa Advogados has helped electricity trader Grupo Comerc Energia enter a partnership with renewables company Casa dos Ventos to develop hydrogen projects in Brazil, with co-investment reaching up to US$4 billion.

24 November 2021

Two firms help Portugal’s Galp Energia enter Brazil

Portugal's Galp Energia has turned to Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados to acquire two greenfield solar farms in Brazil from local renewables group Sistemas de Energia Renovável (SER).

24 November 2021

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