Market: Brazil

Itaú backs Raízen with US$735 million Cosan investment

Pinheiro Neto Advogados has helped Brazilian energy group Cosan sell a minority stake in a holding company to Itaú Unibanco for 4.1 billion reais (US$735 million), handing the buyer shares in local counterpart Raízen.

09 January 2023

Veirano poaches team from Mundie

Brazilian Elite firm Veirano Advogados has incorporated five Mundie e Advogados lawyers as partners, strengthening its administrative, regulatory, competition and telecoms practices.

06 January 2023

Oi sells telecom towers amid recovery proceedings

A subsidiary of Brazilian telecoms infrastructure group Highline has hired Vinson & Elkins LLP in New York and Stocche Forbes in São Paulo to buy 1.7 billion reais (US$325 million) worth of assets from Oi, as part of the seller’s ongoing judicial recovery.

05 January 2023

Gerdau joins investors to acquire renewables group

Madrona Advogados has helped Brazilian steelmaker Gerdau enter a joint investment agreement with NW Capital and funds managed by XP Investimentos to inject some 4.5 billion reais (US$838 million) into local renewables developer Newave Energia.

05 January 2023

Aegea wins bid in Corsan privatisation

Tauil & Chequer Advogados in association with Mayer Brown and Souto Correa Advogados have helped Brazilian sanitation company Aegea place a 4.2 billion reais (US$784 million) winning bid to take control of Companhia Riograndense de Saneamento (Corsan), Rio Grande do Sul’s state-owned sanitation business.

04 January 2023

Marfrig offering calls on Lefosse and Cescon Barrieu

Lefosse has helped Brazil’s Marfrig Global Foods make a debt offering worth 750 million reais (US$142 million).

04 January 2023

Brazilian firms brace for the return of Lula

With Lula’s return to office, lawyers remain optimistic about investment activity despite a highly divided Brazil and expect a busy year for tax if a sought-after reform takes place, as well as uptick in work related to environmental law and ESG.

03 January 2023

Several firms steer cross-border data centre buy

Several firms have helped data centre operator Aligned acquire Latin American-focused counterpart ODATA from Brazil’s Patria Investimentos and US IT company CyrusOne.

03 January 2023

French dairy company Lactalis acquires Nestlé JV in Brazil

The Brazilian arm of French dairy company Lactalis has enlisted Demarest Advogados to buy a local joint venture from Nestlé and the Chilean division of New Zealand counterpart Fonterra for 700 million reais (US$133 million).

03 January 2023

Brazilian legaltech start-up gets funding round

Bronstein, Zilberberg, Chueiri & Potenza Advogados has helped Brazilian legal technology start-up Docket raise 110 million reais (US$21 million) in a Series B funding round.

03 January 2023

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