Market: Peru

Construction company agrees US$126 million settlement in Peru

Graña y Montero’s successor company has reached a plea deal with Peruvian authorities to resolve an investigation into corruption allegations stemming from Brazil’s Operation Car Wash.

27 May 2021

Rubio Leguía in Peruvian Coca-Coca bottler investment

Rubio Leguía Normand in Lima has helped Mexican beverage company Arca Continental buy US$78 million worth of shares in Peruvian counterpart Lindley through a tender offer on the Lima stock exchange.

26 May 2021

Deal of the Year Winner: Regulatory

Featured in 15th Annual Awards

A decision by Peru’s competition authority dismissed an unfair competition claim that had dogged Uber’s local entity for two years. In doing so, it established important criteria on the nature of transport intermediation applications under a sharing economy model. It wins the regulatory category of our Deal of the Year Awards.

25 May 2021

Deal of the Year Winner: Banking & Finance

Featured in 15th Annual Awards

When the covid-19 pandemic grounded the global travel industry, the subsequent financial strain caused Latin American aviation companies to drop off the radar one by one. Regional aviation group LATAM Airlines obtained a US$2.45 billion DIP financing from a group of international shareholders, creditors and lenders several months after the airline filed for Chapter 11 bankruptcy proceedings in New York in May 2020. This lifeline wins the banking & finance category of our Deal of the Year Awards.

24 May 2021

Deal of the Year Winner: Project Finance (Infrastructure)

Featured in 15th Annual Awards

Peruvian port operator Tramarsa’s US$132million syndicated loan funded the modernisation of the Salaverry port, which is the country’s first public-private partnership (PPP) port project. In accordance with PPP regulation, the country’s private investment promotion agency ProInversión had to approve the financing structure before it could close. This was the first time the agency had issued such approval, setting a precedent for future deals. It is our infrastructure project finance Deal of the Year.

24 May 2021

Petroperú seals natural gas supply deal for Talara refinery

Rodrigo, Elías & Medrano Abogados has helped Gases del Norte de Perú (Gasnorp) sign a distribution agreement with Petroperú to deliver natural gas to the state-owned gas company’s Talara oil refinery.

21 May 2021

Deal of the Year Winner: Private Equity

Featured in 15th Annual Awards

CVC Capital Partners’ acquisition of Peruvian cash management business Hermes Transportes Blindados required a two-pronged approach. To clinch the deal, CVC had to undertake a public tender offer to purchase the majority of the listed company’s shares directly – from counterpart The Carlyle Group – at the same time as reaching separate, private, deal for the remainder. The multi-layered transaction between two of the world’s largest private equity investors played out over the Lima Stock Exchange and established sophisticated deal-making and compliance standards. It is our private equity Deal of the Year.

21 May 2021

Peruvian state agency seeks to halt liquidation of oil consortium

A Peruvian state agency has filed an International Court of Arbitration (ICC) claim against an oil consortium, accusing it of using liquidation proceedings to escape its contractual and environmental obligations.

17 May 2021

Rodrigo Elías helps Spain’s Celeo Redes win Peruvian power projects

Rodrigo, Elías & Medrano Abogados has helped Spanish power company Celeo Redes win a bid to build two power projects in Peru.

13 May 2021

Latin Lawyer announces Elite 2021

Featured in Latin Lawyer Elite 2021

Latin Lawyer Elite firms have each carved out their own paths towards excellence and demonstrate unique areas of strength. Here, we reveal this year’s Elite.

12 May 2021

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