Market: Brazil

Brazil raises US$8.5 billion in LatAm's largest 5G auction

Several Brazilian law firms have confirmed their roles helping successful bidders in the country’s largest-ever public auction of telecoms assets, which raised some 47.2 billion reais (US$8.5 billion).

11 November 2021

CBLM adds tax partner with Demarest hire

Tax-focused CBLM Advogados has strengthened its offering by hiring an associate from Brazilian Elite firm Demarest Advogados as partner, the second addition to its partnership this year.

11 November 2021

Veirano boosts M&A offering with partner

Brazilian Elite firm Veirano Advogados has strengthened its M&A and capital markets practices by hiring a former associate as partner.

10 November 2021

Lojas Americanas merges with subsidiary in US$7 billion deal

BMA - Barbosa Müssnich Aragão has steered a 40 billion reais (US$7 billion) merger between Brazilian retailer Lojas Americanas and its subsidiary and e-retailer Americanas, formerly known as B2W.

10 November 2021

Chile's CMPC buys tissue assets in Brazil

Machado Meyer Advogados has helped Chilean paper producer CMPC acquire Brazilian counterpart Carta Fabril for 1.1 billion reais (US$195 million).

10 November 2021

Brazilian wine merger calls on several firms

Brazilian wine retailer Evino Comércio de Vinhos has enlisted Machado Meyer Advogados to acquire counterpart Grand Cru Group.

10 November 2021

Equatorial Energia buys more assets with US$1.8 billion deal

Brazilian Equatorial Energia has relied on Norton Rose Fulbright in London and Cescon, Barrieu, Flesch & Barreto Advogados in São Paulo to acquire local renewables business Echoenergia for 6.7 billion reais (US$1.8 billion).

09 November 2021

Cescon Barrieu and Rolim Viotti in Goiás power privatisation

Portuguese energy conglomerate EDP has enlisted Cescon, Barrieu, Flesch & Barreto Advogados to buy Brazilian state-owned electricity company Celg Transmissão (Celg-T) in a privatisation deal worth 1.9 billion reais (US$361 million).

09 November 2021

Votorantim and Canada Pension Plan agree to list energy JV

Stocche Forbes has helped Brazilian investment group Votorantim consolidate its energy assets into a joint venture with Canada Pension Plan Investment Board (CPP Investments), which will invest 1.5 billion reais (US$273 million) into the entity.

05 November 2021

Softbank invests in Brazilian banking and payments platform

Demarest Advogados in São Paulo has advised Japan’s Softbank as one of the lead investors in a US$108 million funding round for Brazilian banking and payments technology platform Pismo.

05 November 2021

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