Águas do Rio financing
Representation of AEGEA, the leading Brazil-based sanitation company and its subsidiaries Águas do Rio 1 and 4, on a R$1.5 billion (circa US$300 million) financing with the Inter-American Development Bank (IDB Invest) and Proparco. This project involved multiple sources of funds with an aggregate principal amount of R$25.5 billion (circa US$5.1 billion), making it the largest cycle of investment in Brazil's sanitation sector to date, and is expected to contribute to and promote seven UN Sustainable Development Goals. This transaction was named "Latin America Water Deal of the Year" by IJGlobal.
Sophisticated cross-border financing
Representation of the initial purchasers in connection with the financing of the production of certain commodities in Brazil, which financing will be backed by arrangements involving the receivables arising from the sale of such commodities. This transaction was recognized as "Sustainable Infrastructure Financing of the Year: Raizen's Ethos Biofuels Future Flow Financing" by Latin Finance.
Sabesp's equity offering and privatization
Representation of a syndicate of international underwriters and placement agents on the R$14.8 billion (US$2.7 billion) equity offering of Companhia de Saneamento Básico do Estado de São Paulo – SABESP, one of the world's largest water and sewage providers, making it the largest privatization in Brazil and the largest equity offering in Latin America "to-date since June 2022, and the third-largest public offering globally to-date this year." The fully secondary follow-on offering, which closed on July 22, 2024, comprised a registered offering of shares in Brazil, an SEC-registered international offering of American Depositary Shares and an international placement of shares outside Brazil.
TAG refinancing
Representation of Crédit Agricole Corporate and Investment Bank, as mandated lead arranger and bookrunner, in Transportadora Associada de Gás S.A.'s (TAG) permitted refinancing of its US$2 billion acquisition financing. TAG designs, plans, constructs and operates natural gas pipelines and extensions in Brazil. This deal won "Latin America Refinancing Deal of the Year" by Proximo Awards.
