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Clifford Chance

31 WEST 52ND STREET, NEW YORK, NY 10019-6131, USA
Tel:
Work +1 212 878 8000
Fax:
Fax +1 212 878 8375
Email:
Web:
https://www.cliffordchance.com

David Brinton

Tel:
Work +1 212 878 8276
Email:
Clifford Chance

Work Department

Corporate

Position

David Brinton engages in a corporate and securities law practice focusing on mergers and acquisitions. David regularly represents sellers, purchasers and other parties in negotiated cross-border and domestic mergers, acquisitions, reorganizations, joint ventures and investment transactions as well as advising on a variety of financing transactions. David is experienced in public and private debt and equity offerings by both US and non-US companies with extensive experience advising funds and fund managers.

Education

The University of California, Hastings College of Law (JD), 1985; Springfield College (BS), 1982


Latin America: International firms

Corporate and M&A

Within: Leading lawyers

David Brinton - Clifford Chance

Within: Corporate and M&A

Clifford Chance has extensive Latin America M&A experience and expertise in both its New York and São Paulo offices. Its significant São Paulo presence has enabled it gain considerable traction on inbound Brazil M&A as well as being at the forefront of a growing number of outbound investments. The firm has worked on a series of Brazilian investments and acquisitions by Chinese and Asian entities, advising CITIC Agri Fund Management, for example, on its $1.1bn acquisition of a portion of Dow AgroSciences’ corn seed business in Brazil. The firm is also increasingly active advising private equity and other funds on their investments in Latin America, and recently advised private equity giant KKR on its acquisition of a stake of up to 40% in telecoms infrastructure owner Telxius, that has extensive assets in Spain, Germany, Peru, Chile and Brazil. ‘A gold standard for responsiveness’, the practice group provides ‘a globalised service’ with ‘strategic vision in conducting negotiations’, ‘business-oriented advice and strong energy sector knowledge’. Moreover, the ‘lawyers have a lot of experience and add value in negotiations’ and give ‘personalised customer service’ and ‘quick answers’. Overall, the team is ‘totally service oriented giving the impression that the client’s business is truly appreciated’, ‘response times are always short’, ‘lawyers have knowledge of the sectors their clients operate in’, ‘partners are always actively involved in the deals from the beginning to the end’ and the firm has ‘a balanced use of experienced staff and more junior attorneys, which results in a fair cost for the client’. São Paulo managing partner Anthony Oldfield is ‘experienced in finding solutions and defending clients’ interests’. David Brinton shows ‘great leadership and charisma’, is ‘always on top of all aspects of all the deals his team is involved in’ and is ‘a commercial and business-oriented lawyer’; noted for energy sector transactions, he led the team that advised Actis on its acquisition of over 1,500MW of solar PV assets from SunEdison in Latin America and the associated establishment of Atlas Renewable Energy, a pan-Latin America renewable energy platform. Newly elected partner Thais Garcia is ‘very thorough, organized and diligent’ and is ‘a welcome addition to the partnership’; a native Brazilian who speaks fluent Spanish, her ‘multiple qualities facilitate the deal process’ noted one client. Madrid partner Javier Amantegui is also experienced in M&A and investments involving Latin American assets.

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United States: Finance

Project finance

Within: Project finance

Clifford Chance regularly acts for commercial banks on Latin American project financings, with the firm particularly dominant in Peru and Columbia; according to one observer, the firm ‘is by far the most experienced international firm in Latin America’. Washington DC-based Fabricio Longhin and Catherine McCarthy and New York-based Gianluca Bacchiocchi advised lenders on 14 different projects for Colombia’ s 4G toll road program using both multi-currency loans and project bonds. Bacchiocchi, who ‘pushes the envelope with his pioneering work in project bonds’, has particular expertise in acting for investment banks such as Goldman Sachs; in a further example of his work, he and New York-based Per Chilstrom assisted Citigroup Global Markets with the dual offering of international and local project bonds for the Ruta 27 project in Costa Rica. While the practice is particularly active on the lender side, it does also have sponsor capability; for example Longhin acted for Aela Energía on a $434m loan with six lenders to finance the construction of two wind farms in Chile. The team is also able to source the firm’s European expertise in private equity to advise on significant equity investments in projects; Washington DC-based practice co-head David Evans and New York-based David Brinton were active in this respect on for clients including Barings. Lori Ann Bean, who is based in Washington DC, is also noteworthy.

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United States: M&A/corporate and commercial

M&A: large deals ($1bn+)

Within: M&A: large deals ($1bn+)

Clifford Chance stands out for its work on cross-border deals, particularly involving Latin America. The firm is ‘a very good one-stop shop and among the best’, according to clients. In a matter involving Asia and Latin America, a team led by David Brinton advised China-based CITIC Agri Fund Management on its $1.1bn acquisition of Dow AgroSciences’ corn feed business in Brazil. Sarah Jones, a leader in consumer goods and retail, led a team that advised The Coca-Cola Company and Coca-Cola FEMSA on their $580m acquisition of AdeS Alimentos de Soja, a South American soy-based beverage business, from Unilever. In other headline deals, the firm represented The National Titanium Dioxide Company (Cristal) in its $1.67bn disposition of its global titanium dioxide business to US-listed Australian company Tronox. It also advised Hearst Business Media on its acquisition of CAMP Systems International from private equity firm GTCR. The firm continues to build its profile in private equity, in part thanks to the presence of Kevin Lehpamer, who is ‘very measured, knowledgeable and understands clients’ requirements’. Key sectors for the practice include energy and infrastructure, consumer and retail, healthcare, and media and technology. Another key partner is Benjamin Sibbett, known for his healthcare and media sector expertise; he led the team on the previously mentioned Hearst Business Media transaction. Joseph Cosentino re-joined the New York office from Greenberg Traurig LLP in 2017, further boosting the team’s public company deal expertise. John Healy is also recommended. All named partners are based in New York.

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