Our knowledge of and long experience working in the business environment in Brazil drives our leading position in Brazil's innovative financial transactions and capital markets offerings. Established in 1997, our São Paulo office offers clients the benefit of our substantial experience working on the New York and international law aspects of some of the largest and most complex and high-profile debt and equity capital markets offerings, corporate, structured and project financings, and acquisition and joint venture transactions in Brazil and abroad.
Clients turn to us for our experience and longstanding relationships with Brazilian companies and financial institutions to provide international counsel across a gamut of industries and jurisdictions. We have long-term, close working relationships with Brazil's leading law firms, which allow us to coordinate all Brazilian law matters with well-qualified local counsel. Clients from the US, Europe, Asia, the Middle East and Africa rely on our assistance with their cross-border investments into Brazil and across Latin America, and we also advise Brazilian companies in connection with their outbound international acquisitions and investments.
Our São Paulo team is supported by lawyers in our New York, Miami, Washington, DC and London offices who are devoted to working on matters involving Brazil and by a cadre of lawyers in other offices in Europe, Asia, Africa and the Middle East. These lawyers work on behalf of Brazilian clients worldwide to orchestrate complex multi-party deals, to resolve international disputes involving arbitration, litigation and alternative dispute resolution mechanisms and to help clients respond to allegations involving compliance issues.
Chambers Latin America
Band 1: Capital Markets: International: Brazil, 2011 to 2016
Band 1: Banking & Finance: International: Brazil, 2009 to 2016
"We have a strong relationship with the firm as their lawyers are strong and the quality of their work is amazing. They have good understanding of our company and of Brazilian culture."
"They are very efficient and their performance was great. We were particularly impressed by the team's understanding of the local market."
Data from Thomson Reuters: International Law Firms: Brazil
#1 Legal Advisor: Number of Transactions: Syndicated Loans, 2011 to H1 2016
#1 Legal Advisor: Total Proceeds Amount: Syndicated Loans, 2011 to H1 2016
#1 Legal Advisor: Number of Issuances: Equity, 2010 to H1 2016
#1 Legal Advisor: Number of Issuer Representations: Equity, 2012 to H1 2016
#1 Legal Advisor: Number of Issuances: Debt, 2010 to H1 2016
#1 Legal Advisor: Number of Issuances: High-Yield, 2010 to H1 2016
Deal of the Year: Restructuring: Latin America (OAS restructuring Brazil), 2015
Best Law Firm: Infrastructure: Latin America, 2013 and 2015
Deal of the Year: Syndicated Loan (Banco Itaú BBA US$1.5 billion syndicated loan), 2013
Deal of the Year: Corporate Liability Management (Odebrecht US$550 million/R$500 million dual-currency tender and new issue), 2013
USJ, liability management, 2016
We represented U.S.J. – Açúcar e Álcool S.A., as issuer, in an exchange offer and consent solicitation of its outstanding 9.875% senior notes due 2019 for newly issued US$197 million 9.875%/12.00% senior secured PIK Toggle notes due 2021. This transaction was innovative in Brazil in that, concurrently with the exchange offer, USJ sought solicitation of approvals for a possible extrajudicial restructuring plan (included in the exchange offer memorandum). USJ achieved a near-90% participation and successfully completed the exchange offer. As a result, USJ was able to avoid the need to pursue the extrajudicial restructuring plan.
Via Varejo, initial equity offering, 2014
We represented Via Varejo S.A., a leading retail household appliances, consumer electronics and furniture company in Brazil, and its selling shareholders, as issuers, in their R$2.8 billion (US$1.2B) initial equity offering in 2013.
OAS, cross-border restructuring, 2016
We represented OAS S.A., a Brazilian engineering and construction company, and its subsidiaries, in a heavily contested chapter 15 case and those New York law aspects of the legal restructuring in Brazil.
Estaleiro Atlantico Sul S.A. (EAS) stake sale, 2013 and 2014
We represented Camargo Corrêa and Queiroz Galvão, 50/50 owners of Estaleiro Atlantico Sul S.A. (EAS), a shipyard in the shipbuilding and offshore industry in Brazil, in the sale of a 33.3% equity stake in EAS to Japan EAS Investimentos e Participações Ltda., which is controlled by a Japanese consortium.
Embraer, SEC-registered bond, 2015
We represented the underwriters in an SEC-registered offering by Embraer Netherlands Finance B.V., a wholly-owned subsidiary of Embraer S.A., of US$1.0 billion 5.050% notes due 2025. Embraer is one of the leading manufacturers of commercial aircraft in the world and has a global customer base.
JBS USA, LLC and JBS S.A., 2014
We represented JBS USA, LLC in connection with its offering of US$750 million aggregate principal amount of 5.875% senior notes due 2024 guaranteed by Brazil's JBS S.A., the world's largest protein issuer, and certain other subsidiaries of JBS S.A., and we represented JBS S.A. in connection with its tender offer and consent solicitation for any and all of its US$300.0 million 10.50% senior notes due 2016 and US$350.0 million 10.25% senior notes due 2016. The proceeds from the JBS USA notes offering were used to purchase JBS S.A.'s 2016 notes that were tendered to it in connection with the concurrent tender offer and consent solicitation.
Fibria Celulose S.A., 2012
We represented Fibria Celulose S.A., the world's largest producer of market pulp, in the only concurrent registered equity offering of 2012 - its R$1.35 billion (US$719.1M) SEC-registered follow-on equity offering on the NYSE and the BM&FBOVESPA.
Rumo, equity offering, 2016
We represented the joint bookrunners and placement agents, in the R$2.6 billion (US$750M) offering with restricted placement efforts to institutional investors in Brazil and qualified institutional investors in the United States and other investors outside the United States by Rumo Logística Operadora Multimodal S.A., one of Latin America's largest railroad-based logistics operators.
Votorantim, Euro bond, 2015
Representation of Votorantim Cimentos S.A., one of the largest privately held conglomerates in Brazil and Latin America, as issuer, in its Rule 144A and Regulation S offer and sale of €500 million 3.500% notes due 2022.
Overseas Private Investment Corporation (OPIC), 2014
We represented Overseas Private Investment Corporation (OPIC), as lender, in a US$400 million six-year term loan for Itaú Unibanco to support the expansion of Itaú's small to medium-sized enterprise loan portfolio, particularly in the north and northeast regions of Brazil.