News and analysis service Latin Lawyer has named a transaction on which White & Case advised among its "Deals of the Year" for 2017 at its 12th annual Deal of the Year Awards in São Paulo. The winning deal, cement manufacturer Loma Negra's US$1.1 billion initial public offering (IPO), was named Deal of the Year in the Corporate Finance category.
"Each year, Latin Lawyer offers awards to general counsel and law firms advising on the most significant deals of the year across Latin America," according to Latin Lawyer. "Considerations when deciding the winner will include value, timeframe, complexity, legal creativity shown, political and regulatory sensitivity, number of jurisdictions to which the deal relates," and other criteria.
In the winning transaction, the White & Case Latin America Capital Markets team acted for Loma Negra in its IPO of American Depositary Shares (ADSs). The ADSs are listed on the New York Stock Exchange, and the ordinary Loma Negra shares are listed on the Bolsa y Mercados Argentinos. The transaction was the largest US IPO of a Latin American issuer in 2017, and the third-largest ever by an Argentine issuer.