Market: International

Three firms steer first major open banking buy in Brazil

Brazilian firm Bichara Advogados has helped local fintech PicPay acquire finance app Guiabolso in one of the first major open banking transactions in Brazil, as the country prepares to enter the second phase of introducing the new regulation.

30 July 2021

Electricity distributor makes landmark debt placement in Panama

Panamanian power distributor Elektra Noreste has enlisted Clifford Chance LLP in New York and Washington, DC and local firm Alemán, Cordero, Galindo & Lee to raise US$100 million in the first private placement on the Latin American stock exchange in Panama.

30 July 2021

KPS Capital buys controlling stake in Tate & Lyle’s LatAm business

US investor KPS Capital Partners has turned to Paul, Weiss, Rifkind, Wharton & Garrison LLP in New York and Washington, DC, Macfarlanes LLP in London and Brazilian firm Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados to acquire a controlling stake in global food supplier Tate & Lyle’s North American and Latin American operations for US$1.7 billion.

29 July 2021

Peru’s Hernández & Cía in UK architecture acquisition

UK architecture company Building Design Partnership (BDP) has enlisted Weightmans LLP in Newcastle and Hernández & Cía Abogados in Lima to acquire sports stadium design expert Pattern Design.

29 July 2021

Brazil's Méliuz makes follow-on offering

Paul Hastings LLP in New York and São Paulo and Brazil's Cescon, Barrieu, Flesch & Barreto Advogados have helped local fintech Méliuz raise 1.2 billion reais (US$227 million) in a follow-on offering.

28 July 2021

Mexican airport tender offer makes safe landing after amendments

US firm Cleary Gottlieb Steen & Hamilton LLP and Mexico’s Mijares, Angoitia, Cortés y Fuentes SC have helped air travel company Aerodrome Infrastructure finalise its previously launched tender offer to acquire shares in local counterpart Aeroportuario del Centro Norte (OMA) for 8.4 billion Mexican pesos (US$419 million), following several changes to the original deal.

28 July 2021

Brazilian distributor wins billion-dollar dispute with Hyundai

An International Chamber of Commerce (ICC) tribunal in Frankfurt has ruled in a billion-dollar dispute over a distributor’s right to import Hyundai cars to Brazil, blocking the Korean company from terminating their contract and ruling it should run for another decade.

28 July 2021

Brazil’s VTEX hits above target in IPO

Brazilian software company VTEX has enlisted Simpson Thacher & Bartlett LLP in New York and São Paulo and Lefosse Advogados in São Paulo to raise US$361 million in an initial public offering on the New York stock exchange.

27 July 2021

AT&T sells LatAm assets to Argentina’s Grupo Werthein

Argentina’s Grupo Werthein has enlisted four Skadden, Arps, Slate, Meagher & Flom LLP offices and Bruchou, Fernández Madero & Lombardi in Buenos Aires as lead Latin American counsel to acquire regional entertainment company Vrio from US telecommunications group AT&T.

27 July 2021

Familiar firms in Nemak’s sustainability-linked debt tap

Paul Hasting LLP in New York has helped Mexican automotive parts manufacturer Nemak make its second sustainability-linked bond issuance in less than a month, raising 500 million euros (US$588 million).

27 July 2021

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