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Cravath, Swaine & Moore LLP

WORLDWIDE PLAZA, 825 EIGHTH AVENUE, 10019-7475, USA
Tel:
Work +1 212 474 1000
Fax:
Fax +1 212 474 3700
Email:
Web:
www.cravath.com
London, NEW YORK

David Mercado

Tel:
Work +1 (212) 474-1756
Email:
Cravath, Swaine & Moore LLP

Work Department

Corporate

Position

David Mercado is a partner in Cravath’s corporate department. His practice is diverse, with an emphasis on financings and mergers and acquisitions in both Europe and Latin America. A significant component of Mr Mercado’s practice involves private equity funds. 

In mergers and acquisitions, Mr. Mercado has recently represented Anheuser‑Busch InBev in connection with the sale of its 54.5% equity stake in CCBA to Coca‑Cola; JBS in its sale of Moy Park to Pilgrim’s Pride; Naspers in the merger of ibibo Group, its travel business in India, with MakeMyTrip, its joint ventures with Schibsted Media Group, Telenor Group and Singapore Press Holdings relating to their online classifieds businesses in a number of countries, as well as its acquisitions of Buscape and OLX; Banco Santander in its acquisition of the on‑shore consumer credit card and consumer brokerage and retail banking businesses of Citigroup in Argentina, the sale and joint venture of its insurance underwriting businesses in Latin America to Zurich Financial, as well as the sale of its pension fund management companies in Latin America to ING Group; Avon in its sale of Liz Earle to Walgreens Boots Alliance; Time Inc. in its sale of Grupo Expansión to Southern Cross Group; Grupo Modelo as U.S. counsel in its acquisition by Anheuser‑Busch InBev; and Companhia de Bebidas das Américas (AmBev) in its merger with InterBrew. In addition, Mr. Mercado has been involved in securities offerings for Credit Suisse, INEOS, Premier Foods plc, Paroc Group Oy, Styrolution, EWOS, GP Investments, Ltd., Ternium S.A., CMPC, Celulosa Arauco, ENAP and Colbún, among others.

Career

Mr. Mercado joined Cravath in 1984 and became a partner in 1992.

Mr. Mercado has been repeatedly cited as a leading practitioner in finance and mergers and acquisitions law in Latin America by, among others, Chambers Global: The World’s Leading Lawyers for Business from 2007 through 2018; Chambers Latin America: Latin America’s Leading Lawyers for Business from 2009 through 2018; Chambers USA: America’s Leading Lawyers for Business from 2007 through 2010; The Legal 500 Latin America from 2012 through 2017; and Latin Lawyer 250: Latin America’s Leading Business Law Firms from 2000 through 2016. He also has been recognized as a leading practitioner in capital markets by The Legal 500 United Kingdom from 2013 through 2017; The Legal 500 United States in 2009 and 2010; and IFLR1000 from 2014 through 2016. In addition, he was recognized in mergers and acquisitions by The Legal 500 United Kingdom in 2016 and 2017, and IFLR1000 in 2017 and 2018.

Member

Mr. Mercado is a member of the American Bar Association, International Bar Association, New York City Bar Association and New York State Bar Association. He speaks frequently on developments in corporate law including on a panel entitled “Fixing the Securities Offering Process: Lessons from Recent Offerings,” which explored various perspectives on public offerings of equity securities, at the International Bar Association’s Annual Conference.

Education

Mr. Mercado received an A.B. from Columbia College in 1981 and a J.D. from Yale Law School in 1984.


Latin America: International firms

Capital markets

Within: Capital markets

At Cravath, Swaine & Moore LLP, key Latin America partner David Mercado has transferred back to New York from London, enabling him to focus more on the Latin America region. He and the team have gained considerable traction in high-yield debt issuances, a key strength of the firm in the New York and London offices. The firm is also prominent in big-ticket IPOs, such as Jose Cuervo’s 2017 listing, Mexico’s largest IPO in more than three years. In other notable deals, the team advised the initial purchasers on both the $900m 144A/Reg S notes offering by Chilean pulp and paper manufacturer Celulosa Arauco y Constitución and the $500m notes offering by Chile’s Inversiones CMPC.

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Corporate and M&A

Within: Corporate and M&A

David Mercado’s relocation to Cravath, Swaine & Moore LLP’s New York office from London will help further his already impressive Latin America practice. Working alongside colleagues in the firm’s top-tier New York M&A practice, he and the firm have achieved an impressive market share of cross-border deals involving Latin American entities. Over the years, Mexico and Brazil have been the firm’s primary markets, although it has also participated in considerable deal flow in Chile and Argentina. The firm also works with long-term client Banco Santander on a regular basis, with 2017 highlights including advice to Banco Santander Río on its acquisition of the onshore consumer credit card and consumer brokerage and retail banking businesses of Citigroup in Argentina. Moreover, it advised Florida East Coast Railways Holdings on its $2.1bn sale to GMéxico Transportes. Richard Hall and Keith Hallam are also regular advisers on deals involving Latin America.

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