Market: Brazil

JP Morgan snaps up stake in Brazilian digital bank

Brazilian firms Pinheiro Neto Advogados and Spinelli Advogados have helped JP Morgan Chase invest in local digital banking group C6, marking its entry into the country’s retail banking sector.

02 July 2021

Bus travel start-up lands investment in Brazil

Global private equity platform LGT Lightrock has hired Cescon, Barrieu, Flesch & Barreto Advogados in São Paulo to lead a 700 million reais (US$138 million) investment in Brazilian travel app Buser.

02 July 2021

Raízen acquires Shell’s lubricant business in Brazil

Brazilian ethanol producer Raízen has relied on White & Case LLP in London and Cascione Pulino Boulos Advogados in São Paulo to purchase Shell’s entire lubricant business in the country, including a blending plant and a terminal in the state of Rio de Janeiro.

01 July 2021

Brazil’s EcoRodovias changes ownership after follow-on offering

Mayer Brown LLP in New York and Tauil & Chequer Advogados in association with Mayer Brown in São Paulo have helped Brazilian transport company EcoRodovias complete a 1.7 billion reais (US$343 million) follow-on offering.

01 July 2021

PetroRio raises US$600 million in global debt issuance debut

Brazilian oil and gas company PetroRio has hired Linklaters in New York, Luxembourg and Singapore and Cescon, Barrieu, Flesch & Barreto Advogados in São Paulo and Rio de Janeiro to issue its first-ever international notes, worth US$600 million.

01 July 2021

Brazil’s JBS issues sustainability-linked bonds

White & Case LLP in São Paulo, New York and Miami and Brazilian law firm Lefosse Advogados have helped beef packer JBS raise US$1 billion in a sustainability-linked bond issuance.

30 June 2021

Post-coronavirus wealth taxes could be a case of when, not if

The financial strain of the covid-19 pandemic has forced governments in Latin America to dig deep to cover costs. As a growing debt pile looms ever larger, some countries in the region are floating a tax on the wealthy to help foot the bill, one of several ways private wealth counsel in the region is evolving. Emily Darby reports on a practice area experiencing big changes.

29 June 2021

Brazil’s StoneCo makes US$500 million debt issuance

Brazilian financial technology company StoneCo has relied on Davis Polk & Wardwell LLP in New York and São Paulo and Pinheiro Neto Advogados in São Paulo to issue US$500 million worth of notes.

29 June 2021

Veirano bolsters capital markets group with Citibank hire

Latin Lawyer Elite firm Veirano Advogados has bolstered its capital markets offering by hiring a former in-house counsel from the São Paulo office of US finance group Citibank as partner.

28 June 2021

BRF expands in Brazil’s pet food industry

Madrona Advogados has helped the pet food division of Brazilian nutrition group BRF acquire local counterpart Hercosul.

28 June 2021

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