Market: International

Canadian pension fund eyes public takeover of Chile’s Hortifrut

Linklaters in New York, Carey in Santiago and Rodrigo, Elías & Medrano Abogados in Lima have helped Canadian pension fund manager PSP Investments launch a tender offer to buy the entire public shareholding of Chilean fruit company Hortifrut for US$660 million.

11 January 2023

US insurer Gallagher expands in Brazil

Veirano Advogados has helped the Brazilian subsidiary of US insurance broker Arthur J Gallagher acquire local counterpart Interbrok.

11 January 2023

Venezuelan upheaval creates confusion in US enforcement actions

The Venezuelan National Assembly has removed interim leader Juan Guaidó and installed new leadership to take charge of its foreign assets – potentially creating confusion in the dozens of US enforcement proceedings where he had been recognised as the country’s legitimate president.

10 January 2023

Brazilian firms score in John Textor buy of French football club

US businessman John Textor, majority owner of Brazilian football club Botafogo, has enlisted three DLA Piper LLP offices and its associated firm Campos Mello Advogados in São Paulo to restructure its shareholdings and acquire French football team Olympique Lyonneis (Lyon) for €330 million (US$347 million).

10 January 2023

PetroRecôncavo snaps up oil assets from Swedish operator

Tauil & Chequer Advogados in association with Mayer Brown has helped Brazilian oil and gas business PetroRecôncavo acquire the local subsidiary of Swedish counterpart Maha Energy for US$174 million.

10 January 2023

Peruvian port concessionaire gets novel IDB Invest financing

Three offices of White & Case LLP and Rodrigo, Elías & Medrano Abogados in Lima have helped Peruvian port concessionaire Salaverry Terminal Internacional (STI) raise US$115 million through a private placement of an A/B bond – the first of its kind in Peru.

09 January 2023

Lima airport lands US$1.25 billion financing for new terminal

Paul Hastings LLP in New York and Peruvian firm Rodrigo, Elías & Medrano Abogados have helped Lima Airport Partners (LAP), the concessionaire that manages Peru’s Jorge Chávez International Airport, get a US$1.25 billion financing to expand the Lima airport.

06 January 2023

Argentine water company makes US$482 million debt swap

Argentine water and sanitation company Agua y Saneamientos Argentinos (AySA) has hired Holland & Knight LLP in New York and Bruchou & Funes de Rioja in Buenos Aires to complete a US$482 million notes exchange and issue new bonds.

06 January 2023

Tigo Paraguay completes tender offer

Davis Polk & Wardwell LLP in New York has helped Tigo Paraguay, the local operation of telecoms multinational Millicom, make a US$55 million tender offer to buy outstanding notes.

06 January 2023

Albanesi powers first Peruvian operation with private placement

Garrigues (Peru) has helped a local subsidiary of Argentine energy company Albanesi raise US$13 million through a private placement of notes.

06 January 2023

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