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White & Case LLP

John Vetterli

Tel:
Work +1 212 819 8200
Email:
White & Case

Work Department

Capital Markets, Mergers & Acquisitions, Latin America, Oil & Gas

Position

Partner

Career

To read more, visit: whitecase.com/people/john-vetterli


Latin America: International firms

Capital markets

Within: Leading lawyers

John Vetterli - White & Case LLP

Within: Capital markets

White & Case LLP has further cemented its position as a Latin America-wide heavyweight. Widely regarded as a market leader in Brazil, it has developed a significant market share of SEC-registered equity offerings in Argentina. Moreover, it has further developed its standing in Mexico with the hire of New York partner Taisa Markus, who ‘has an incredible understanding of the Mexican market’, from Paul Hastings LLP; Markus also has wider experience, including in jurisdictions such as Peru and Argentina, and extensive contacts with key investment banks in New York. Along with broad geographic coverage, the firm has wide ranging experience across product and transaction types, including IPOs, high-yield debt, liability management, private placements, project bonds, green bonds and other hybrid products. Offices in New York, Miami, São Paulo and Mexico City ensure that it is well plugged into and acquainted with the region, where its clients include Banorte, Credit Suisse, CYDSA, Fibria, Goldman Sachs, HSBC, Loma Negra, QGOG and VM Holding. Demonstrating its growing market share in Argentina, the firm advised leading Argentine cement producer Loma Negra on its $1.1bn IPO of American Depositary Shares on the New York Stock Exchange and ordinary shares on the Bolsas y Mercados Argentinos; this was the largest IPO by any Latin American issuer in 2017 and the third-largest ever by an Argentinian issuer. In another landmark deal, it advised the joint bookrunners and co-manager on the inaugural $2bn cross-border debt security issuance by state-owned oil and gas company Petroperú; the proceeds are intended to finance a large-scale upgrade and modernisation of the Talara Refinery in what was the largest-ever offering by a Peruvian issuer. São Paulo-based head of the Latin America practice Donald Baker ‘lands clients like no one else in Brazil’ and deserves much of the credit for the firm’s impressive market share in the jurisdiction. New York partner John Vetterli, who operates across the region, is a key member of the team for both underwriters and issuers. New York’s Daniel Nam has a longstanding focus on the region, including in high-yield debt and liability management transactions. Miami partner Mark Bagnall is another key member of the team, while John Guzman plays a pivotal role in São Paulo, acting in both equity and debt deals for Brazilian and other Latin American issuers. New York partner Bibiana Jaimes is an emerging name in Latin America debt and equity deals, including in Brazil.

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Projects and energy

Within: Projects and energy

White & Case LLP launched a Houston office in February 2018, bringing in a number of senior practitioners with significant Latin America experience. The new Houston partners Jay Cuclis, Steven Otillar and Christopher Richardson have a strong focus on Latin America and significant oil and gas expertise; they joined from Vinson & Elkins LLP, Akin Gump Strauss Hauer & Feld LLP and Hunton Andrews Kurth LLP respectively. Building on the firm’s strong profile in downstream oil and gas, the new team extends its expertise into upstream and midstream development and commercial issues. With its eminent Mexico City office, the firm is well plugged into Mexico’s hydrocarbon sector reform-related work. Beyond oil and gas, the firm continues to impress in power and renewables, including in Argentina, Chile and Uruguay. It has also experienced growth in PPP engagements, including in Paraguay and Argentina. Showcasing its expertise in infrastructure and project bonds, the firm advised the banks on the $2bn cross-border debt issuance by state-owned Petróleos del Perú-Petroperú; the proceeds of what was the largest-ever offering by a Peruvian issuer are intended to finance a large-scale upgrade and modernisation of the Talara Refinery. It also represented Invenergy as sponsor, and Nicefield as borrower, in the refinancing of the 70MW Campo Palomas wind farm project in Uruguay. The firm is commended for its expertise in structuring and negotiating EPC, TUA and LNG contracts related to project development activities. Clients are ‘highly satisfied’ with its ‘support in all aspects’ and highlight its ‘customer oriented’ approach with its ‘interest in understanding client needs and commitment to these during the whole process’. ‘The level of service is high’ with ‘very prepared lawyers that deliver excellent performance’. Latin America project finance head Carlos Viana is ‘always a collegial professional and easy to work with’. São Paulo-based John Anderson provides ‘deep commitment’, ‘good technical coverage’ at a ‘reasonable cost’. In Mexico City, Sean Goldstein does an ‘excellent job’, is ‘always on top of what his associates are doing, and is always available to clarify, intervene and participate in any discussion or negotiation’. He has ‘sound experience’ in project development and project finance in the energy sector. Washington DC partner Victor DeSantis is recommended for oil and gas and infrastructure project finance; he is ‘very reasonable’, ‘knows what he is talking about’, has ‘years of experience’; ‘very commercial, practical’ he ‘is not out there to win points’, and ‘has a view on getting deals done and not getting lost in the weeds’. Washington DC’s Ned Neaher is also recommended for lender-side engagements and Miami-based Jeanine Acevedo is another key name in the team. New York’s John Vetterli brings leading capital markets expertise to the firm’s project and infrastructure bonds engagements. Former Mexico City partner José Ignacio Segura Alonso has joined Creel, García-Cuéllar, Aiza y Enríquez, S.C.. Named partners are based in Miami unless stated.

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United States: Finance

Capital markets: debt offerings

Within: Capital markets: debt offerings

White & Case LLP’s traditionally issuer-focused practice secured an impressive volume of high-profile manager mandates during 2017. As a case in point, regional practice head John Vetterli and Andrew Weisberg advised the joint book-running managers on a $2bn cross-border bond issuance by Peruvian government-owned Petróleos del Perú. Furthermore, Gary Kashar and Colin Diamond advised the underwriting syndicate on two debt offerings by Delta Air Lines totaling $2.4bn. Walt Disney remains a trophy client on the issuer side and recently engaged the firm to advise on $6bn worth of debt issuances, including a C$1.2bn SEC-registered offering sold in Canada through private placement - Michelle Rutta led that work. The team, which is largely centered in New York, has also recently handled matters for Avangrid, Empresa de Transporte de Pasajeros Metro and Société Générale.

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Capital markets: equity offerings

Within: Capital markets: equity offerings

White & Case LLP handles a broad spread of equity matters for both issuers and underwriters, with notable expertise in technology, life sciences, infrastructure and cross-border - particularly Latin America-related - offerings. In a strong example of its multijurisdictional prowess New York-based John Vetterli, who is regional head of the Americas capital markets group, acted alongside the firm’s Sao Paulo office to assist Loma Negra Compañía Industrial Argentina Sociedad Anónima with its IPO and listing of American depositary shares on the NYSE, totaling $1.1bn. On the underwriter side, the ‘technically excellent’ Colin Diamond - also based in New York - advised the underwriters on three offerings by IQVIA Holdings worth a combined $2.7bn. The firm has also recently undertaken work for Kornit Digital, NeuroDerm and Roivant Sciences. In 2018, global capital markets specialist Taisa Markus joined from Paul Hastings LLP.

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Capital markets: global offerings

Within: Capital markets: global offerings

White & Case LLP’s practice, which is steered from New York by Americas capital markets head John Donovan, is a strong performer in Latin American, European, Middle Eastern and Asian markets. Highlights included ‘very strong’ regional group lead John Vetterli working hand-in-hand with the Sao Paulo office to advise Argentina’s Loma Negra Holding on its $1.1bn IPO. New York-based Colin Diamond is also a high-profile figure in the team and acted alongside New York’s Holt Goddard, and the Hong Kong and Singapore offices, to asssist the underwriters with a $1.1bn sale of ordinary shares and American depositary shares of Melco Resorts & Entertainment. Among its recent debt work, the firm advised the joint book-runners and the co-manager on Peruvian state-owned Petróleos del Perú’s $2bn bond offering. In 2018, capital markets specialist Taisa Markus joined from Paul Hastings LLP.

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