Firms To Watch: Capital markets

IBS Advogados has a niche focus on the structuring of funds and issuances of Real Estate Receivables Certificates (CRIs), with Marcelo Binari Oliveira the name to note.
Boutique firm Loria e Kalansky Advogados specialises in capital markets enforcement and regulation, where it draws on the substantial experience of former CVM commissioner Eli Loria and fellow name partner Daniel Kalansky.
Under the leadership of Tatiana Malamud and Michael Altit, Malamud e Altit Advogados acts for asset management companies and investment funds, with a particular specialism in matters at the intersection of capital markets and real estate.

Capital markets in Brazil

Cescon, Barrieu, Flesch & Barreto Advogados

'Always at the forefront of the legal market', Cescon Barrieu is a top choice in debt and equity capital markets, advising on the full range of products, from stock IPOs, cross-border issues, through to receivables securitisations. The practice stands out for its advice on groundbreaking listings, such as Brazil's first green bond, and typically handles matters with a multi-jurisdictional element, including SEC-registered transactions. The highly experienced Joaquim De Oliveira has a good track record representing underwriters, issuers and investors. Other key partners include the versatile Alexandre Gossn Barreto, Maurício Teixeira dos Santos, and practice head Daniel Laudisio, who is active on the regulatory side and represents several government-controlled companies and sovereign funds. The highly regarded Mariana Borges was promoted to partner in January 2021.

Practice head(s):

Daniel Laudisio

Testimonials

‘The firm has an excellent team of lawyers and is updated with the main trends in the market. I have been using the firm for several years and they are always at the forefront of the legal market, and have the ability to quickly meet the demands of clients.’

‘Joaquim Oliveira can bring professional solutions to complex situations, and is an excellent negotiator.  Daniel Laudisio is very competent and technically very good, delivering in situations that require technical and creative solutions.’

‘Mariana Borges is technically very good and a lawyer to closely monitor in the capital markets area.’

Key clients

SABESP

Eletrobras

Banco Bradesco BBI

Banco BTG Pactual

XP

Localiza

Enel

Ambev

Bank of America

Açucareira Quata

Work highlights

  • Brazilian counsel to Eletrobras on its $1.25bn senior notes issue.
  • Advised the underwriters on all Brazilian legal aspects of Enjoei’s R$987m IPO.
  • Advised Copagaz on all legal aspects of its R$1.95bn offer of debentures that was part of its acquisition financing for the purchase of Liquigas.

Lefosse Advogados

Lefosse Advogados has an excellent reputation for equity capital markets. Despite the Covid-19 pandemic, the firm remained in high demand and was instructed on a large number of high-profile deals, a notable highlight being Petrobras's R$22bn follow-on offering. The cross-border aspects of the firm's practice was reflected in its recent handling of $2.7bn-worth of US listings. While the equity side of the practice dominates, the firm is also experienced in domestic and cross-border debt offerings, including debentures, and agribusiness and real estate receivables certificates. Lead partners include corporate finance head Carlos Mello, who also offers strong regulatory support to listed corporates, and Rodrigo Junqueira, who regularly represents issuers and underwriters. The versatile Ricardo Prado handles debt and equity listings, and Roberto Zarour is especially strong on the debt side. The newly promoted Jana Araújo has also established a good name in the market.

Practice head(s):

Carlos Mello; Rodrigo Junqueira

Testimonials

‘It’s the team’s technical ability. Even with the capital market on the rise and working on several offers, the team manages to give due attention to customers, are quick in response and always add knowledge.’

‘The firm has a lot of experience in the Capital Markets area so that its service, familiarity and calmness in dealing with our affairs and operations gave us a lot of comfort, security and the certainty that we are being advised by excellent professionals.’

Great technical level at all hierarchical levels. Availability 24/7. They have a vast knowledge of the Company (client), which makes them more independent and agile when any request arises from us.’

Jana Araújo and Carolina Garrote: Both are extremely proactive, available, technical, easy to work with, intelligent, always looking for viable solutions and with agility to serve the client in the best way possible.’

Key clients

Petróleo Brasileiro – Petrobras

Notre Dame Intermédica Participações

Moura Dubeux Engenharia

Enjoei.com.br Atividades de Internet

Empreendimentos Pague Menos

BK Brasil Operação e Assessoria a Restaurantes

Marfrig Global Foods

BR Advisory Partners

Banco BTG Pactual

Banco Itaú BBA

Banco Morgan Stanley

Banco J.P. Morgan

Goldman Sachs do Brasil Banco Múltiplo

Citigroup Global Markets Brasil Corretora de Câmbio, Títulos e Valores Mobiliários

XP Investimentos

JBS

Rumo

Rede D’Or São Luiz

Work highlights

  • Advised Petrobras on the R$22bn follow-on offering of common shares of Petrobras by Banco Nacional de Desenvolvimento Econômico e Social – BNDES, including in the form of American Depositary Shares – ADSs.
  • Acted as Brazilian special counsel to Bank of America Merrill Lynch Banco Múltiplo and other underwriters on the R$11.4bn IPO of Rede D’Or São Luiz.
  • Acted as Brazilian special counsel to Banco J.P. Morgan and other underwriters on the R$6.9bn follow-on offering of common shares of Suzano  by Banco Nacional de Desenvolvimento Econômico e Social – BNDES.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados' market-leading capital markets team maintains a balanced practice, with top-quality expertise in both debt and equity issues. The firm has strong relationships with the market's major banks and investors, including key investment funds, and the firm's corporate team also ensures a regular flow of issuer mandates. Its transactional work, which includes domestic and cross-border listings, is complemented by strong support in securities regulation. Key partners on the debt side include Frederico Kerr Bullamah, Flavia Magliozzi, Marina Anselmo Schneider and Bruno Mastriani Simões Tuca, who have established an excellent track record on banking and structured products. Vanessa Fiusa and Jean Marcel Arakawa are especially strong on the equity side.

Testimonials

‘Mattos Filho advises us on virtually all of our capital market and financing operations, local and international. Mattos Filho was able to serve us, with a lot of technical quality, in all the areas necessary for the success of our operations.’

‘The capital market team is accessible, responding to us quickly and with quality. The team has knowledge in the topics discussed and proposes quick solutions.’

‘We appreciate the accessibility and depth of knowledge of the partner Frederico Ker Bullamah, who is always available and bringing us quick answers and various solutions in all topics that are the subject of discussions.’

Vanessa Fiusa, Henrique Antunes, Yasmin Tomaino and Vivian Hatushikano are certainly a great differential in the process. Henrique has a complete vision and manages to coordinate everyone, shareholders, others. Their team was incredible in their professionalism and attention to detail. Vanessa led the beginning of the project with a lot focus, pointing out our obstacles with her rich knowledge in this sector. Also Flavia Magliozzi, who was more than dedicated and with complete knowledge of the process.’

Technical qualification of partners and lawyers; Provides services quickly, without losing the quality of the work; Partnership of partners in structuring and discussing new transactions; Availability of partners and lawyers; Active participation in operations, supporting the client in negotiations and preparation of documents.’

Key clients

Klabin

Ultrapar

XP investimentos

Banco Santander

Banco Itaú

BRK Ambiental Participações

Guararapes Confecções

Mateus Supermercados

Lojas Quero-Quero

Advent International Corporation

3R Petroleum e Participações

Rumo

Pet Center Comércio

Banco BTG Pactual

Sociedade Educacional Leonardo da Vinci

Banco Safra

Goldman Sachs

BRF

Work highlights

  • Brazilian counsel to Klabin on its $500m bond issue.
  • Advice to Ultrapar Participações and Ipiranga Produtos de Petróleo as guarantors on a $350m bond issue by Ultrapar International.
  • Advised XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários and other underwriters on a R$597m issuance of unsecured debentures by IRB-Brasil Resseguros.

Pinheiro Guimarães

Pinheiro Guimarães' strong market position in capital markets ensured that it was involved in some of the largest listings to hit the market in 2020. This included providing advice to the underwriters, such as on the R$22bn Petrobras secondary offering, and to the issuers, including Rede D'Or São Luiz on its $2.2bn IPO. The firm's impressive workload extends to the debt markets as well, with a similar balance of issuer and underwriter work across a range of domestic and cross-border debt products. The team is respectively led out of São Paulo and Rio de Janeiro by Francisco Pinheiro Guimarães Neto and Plinio Pinheiro Guimarães Neto. They are complemented by a talented team of partners, including Ivie Moura Alves for domestic and international financings, Cristina Tomiyama for transactional and regulatory matters, and Bruno Lardosa and Paula Beatriz Carneiro Pessôa.

Practice head(s):

Plinio Pinheiro Guimarães Neto; Francisco José Pinheiro Guimarães; Paula Beatriz Carneiro Pessôa; Ivie Moura Alves

Testimonials

‘Pinheiro Guimarães has extensive experience in operations in the capital markets. The team is highly qualified, very available.’

‘Technical, competent and agile team. I’ve been interacting with them for over 15 years and they have always maintained a high standard.’

‘Francisco Pinheiro Guimarães and Ivie Moura Alves are extremely dedicated, very available and engage directly in the subjects. They have high knowledge and are very experienced.’

Key clients

Citibank

Itaú BBA

Credit Suisse

BTG Pactual

Santander

Bradesco BBI

Organizações Globo

XP Investimentos

HSBC

Votorantim

Rede D’Or

JP Morgan

B3 S.A. – Brasil, Bolsa, Balcão

Iopche

Neoenergia

Enel

Suzano Papel e Celulose

Pátria Investimentos

CTG

Diagnósticos da América (DASA)

GP Investimentos

Banco Safra

Klabin

Group Boticário

International Finance Corporation – IFC

Grupo Gran

Work highlights

  • Acted as counsel to the underwriters, including Banco de Investimentos Credit Suisse (Brasil), in connection with the sale of an equity stake held by Banco Nacional de Desenvolvimento Econômico e Social – BNDES in Petrobras through a public offering of shares (including in the form of American Depositary Shares (ADS)).
  • Acted as Brazilian counsel to Rede D’Or São Luiz in connection with its $2.2bn stock listing.
  • Acted as counsel to Suzano in connection with its $750m note offering.

Pinheiro Neto Advogados

Pinheiro Neto Advogados is highly sought after for advice on complex debt and equity capital markets matters. On the equity side, the firm advised on over 30 offerings in 2020, including IPOs, follow-on transactions and tender offers, and is also noted for its regulatory expertise and assistance on the structuring of investment funds. The team also covers the full range of products on the debt side, including infrastructure debentures and cross-border bond offerings. Key partners in the team include Ricardo Russo, who leads the debt capital markets side of the practice, which also sees strong input from Tiago Araujo Dias Themudo Lessa for agribusiness-related financings, and Fernando Prado FerreiraGuilherme Sampaio Monteiro and Henrique Lang have both been extremely busy on equity issuances. Rafael Gaspar - who made partner in January 2022 - is also developing a good name on the debt front.

Practice head(s):

Ricardo Russo; Guilherme Sampaio Monteiro; Henrique Lang

Testimonials

‘A technical team of excellent quality, with deep knowledge in the most diverse areas and full service capacity.’

‘It is a firm that can meet virtually any demand and always with quality.’

Key clients

AEGEA

Energisa

Águas do Brasil

Cosan/Rumo

CVC Brasil Operadora e Agência de Viagens

Lojas Americanas

Azul

Estapar

JP Morgan

Citibank

Itau

Banco do Brasil

Santander

Bradesco

Grupo EDP

Cielo

Track & Field

Bank of America

Natura

Via Varejo

Work highlights

  • Advised sporting goods company Track & Field on its $93.7m primary and secondary IPO, including placement efforts in the US.
  • Addvised Alphaville on its $59m IPO.
  • Advised BNP Paribas and other underwriters on several multibillion-dollar bond offerings by Petrobras.

BMA - Barbosa, Müssnich, Aragão

BMA - Barbosa, Müssnich, Aragão's well-regarded team had another busy year on the equity capital markets front. The firm regularly represents both issuers and underwriters, and the team's transactional expertise goes hand-in-hand with its regulatory experience and strong connections to the Brazilian Securities Commission (Comissão de Valores Mobiliários – CVM). Cross-border expertise is another key differentiator for the team, which regularly provides advice on CVM and SEC-registered equity offerings. The team's multi-jurisdictional credentials extends to the debt side, and its lawyers were involved in several multimillion-dollar issues on the international markets in 2020. The highly experienced Camila Goldberg leads the team, which includes the 'professional, agile and technically excellent' Jane Goldman and recently promoted partners Felipe Prado and Conrado de Castro Stievani.

Practice head(s):

Camila Goldberg

Testimonials

‘A highly trained team specialized in investment funds.’

Exceptional team (Camila Goldberg).’

The capital market team is excellent. Jane Goldman Nusbaum is a differentiated professional, agile, technically excellent, objective, always available and leads her team very well.’

Availability, proposition of solutions, pro deal.’

‘Jane Goldman delivered high quality work and is always available to talk.’

Felipe Prado is recommended.’

Key clients

Banco BTG Pactual

XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários

Banco Safra

Bank of America Merril Lynch Banco Múltiplo

Lojas Americanas

B2W – Companhia Digital

CSN – Companhia Siderúrgica Naciona

Santos Brasil Participações

Creditas Soluções Financeiras

Rio Bravo Investimentos DTVM

Cury Construtora e Incorporadora

Totvs

Bemobi Mobile Tech

GTIS Partners

Work highlights

  • Advised XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários, Banco BTG Pactual, Banco Itaú BBA and Genial Investimentos Corretora de Valores Mobiliários on the R$690m IPO of 3R Petroleum Óleo e Gás.
  • Advised Lojas Americanas on its R$7.8bn public offering of new common shares and preferred shares.
  • Assisted XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários, Banco Itaú BBA, Banco Safra and Banco BTG Pactual on a R$1.08bn issuance of Agribusiness Receivables Certificates by True Securitizadora.

Demarest Advogados

Clients appreciate Demarest Advogados' ability to 'give quick answers to complex problems'. The firm particularly stands out on the debt side, where it represents a diverse mix of issuers and underwriters. The team's good track record for structured products ensures a strong flow of work in asset-backed agribusiness and real estate securitisations, as well as project bonds. Thiago Giantomassi leads the well-regarded team and has established strong relationships with investment banks and private equity firms. João Paulo Minetto has also developed a specialised practice, and has good experience on the equity capital markets front. Helen Naves left the firm in July 2021.

Practice head(s):

Thiago Giantomassi

Testimonials

‘Good technical knowledge, response speed and availability.’

‘Having worked with lawyers ranging from senior partners to very junior associates, I have found the Demarest team to be knowledgeable, responsive and practical. Given the demand for top lawyers in Sao Paulo it can be very difficult to get an appropriate level of attention. Joao Paulo Minetto and his team find the time to dig into securities matters and provide timely, practical advice.’

‘Joao Paulo Minetto is knowledgeable about securities laws and the practical implications.’

‘Technical quality, deep knowledge of group companies and immediate accessibility.’

The Office has high technical training and availability. It can give quick answers to complex problems.’

Thiago Giantomassi and João Paulo Minetto: Updated and with good technical knowledge. They have the ability to propose quick solutions for complex situations.’

Key clients

Raízen

CVC Brasil

Santander

Unidas

Taesa

Banco Bradesco

Itaú BBA

Minerva

XP Investimentos

State Grid

Jive

MRV

Banco Inter

Kinea Investimentos

Credit Suisse Hedging-Griffo

Work highlights

  • Advised GIC, the sovereign wealth fund of Singapore, as a selling shareholder in the IPO of Rede D’Or São Luiz.
  • Advised Companhia Energética de Brasília (CEB), Banco Nacional de Desenvolvimento Econômico e Social (BNDES) and Banco Plural on the privatisation process of CEB Distribuição and the consequent share auction won by Neoenergia, which acquired the offered shares with a R$2.5bn bid.
  • Advised JIVE, Credit Suisse Hedging-Griffo and Modal on the first issuance of quotas of CSHG JIVE Distressed III FIC-FIM CP, valued at R$2.09bn.

Lobo de Rizzo Advogados

Lobo de Rizzo Advogados has an impressive and growing practice, which has invested heavily in this space. The recent recruitment of debt capital markets partner Maria Costa Neves Machado from Pinheiro Guimarães added weight to the debt side of the practice, where Milton Pinatti and Fabrizio de Oliveira Sasdelli are also key partners. Debt activity remained active, with the team advising on over 35 debentures issuances worth more than R$15bn in 2020. The well-balanced practice is equally adept on the equity front, with Paula Magalhães the lead partner here, following the departure of Caio Cossermelli to Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados. A highlight in this area was its representation of the underwriters on the R$1.94bn IPO of Lojas Quero-Quero. Clients include issuers, underwriters and investors.

Practice head(s):

Fabrizio de Oliveira Sasdelli; Milton Pinatti; Paula Magalhães

Key clients

Afya

Banco de Desenvolvimento da América Latina

Guararapes Confecções

Prime Incorporações e Construções

Inter Distribuidora de Títulos e Valores Mobiliários

Banco BTG Pactual

Banco Itaú BBA

Banco Bradesco BBI

XP Investimentos Corretora de Câmbio TVM

AB Concessões

MRV Engenharia e Participações

BK Brasil Operação e Assessoria a Restaurantes

BRK Ambiental

Work highlights

  • Advising Banco BTG Pactual, Bank of America Merrill Lynch, Banco Múltiplo, Banco Itaú BBA, Banco Bradesco BBI, BB-Banco de Investimento  and Easynvest – Título Corretora de Valores, as underwriters, in the R$1.94bn initial public offering of Lojas Quero-Quero.
  • Advising BTG Pactual, Banco Safra and Itaú Unibanco on the R$1bn issuance of infrastructure debentures with restricted placement efforts by Companhia de Saneamento Básico do Estado de São Paulo – SABESP.
  • Advising Banco Itaú BBA and BB – Banco de Investimento on the issuance of R$320m in non-convertible debentures by R.P. Participações em Biocombustíveis.

Machado Meyer Sendacz e Opice Advogados

Machado Meyer Sendacz e Opice Advogados represents issuers and underwriters on the gamut of debt and equity capital markets issues. The firm was involved in over 60 deals in 2020, advising on R$17.7bn in equity offerings and R$28.4bn worth of debt issuances. This is coupled with its strong track record in regulatory matters, as well as in cross-border mandates. The experienced team includes versatile partners such as Eliana Helena de Gregório Ambrósio Chimenti, who advises on both debt and equity listings, and finance partner Nei Schilling Zelmanovits who specialises in debt capital markets. Belo Horizonte-based partner Gustavo Rugani also has a good track record in IPOs and follow-on equity transactions, and all types of bond issues.

Practice head(s):

Nei Schilling Zelmanovits; Eliana Helena de Gregório Ambrósio Chimenti

Testimonials

‘Eliana Chimenti – extremely experienced and practical with complex subjects,’

Key clients

Banco Votorantim

Banco Itaú BBA

Irani Papel e Embalagem

Anima Holding

Banco Inter

Granbio Investimentos

Madero Industria e Comercio

Ecorodovias Infraestrutura e Logistica

Patrimar Engenharia

Direcional Engenharia

Simpar Group

Work highlights

  • Advised the syndicate of banks on the R$5.6bn primary equity offering of Natura &Co Holding, with restricted selling efforts in Brazil and registered in the US with the SEC.
  • Advised the underwriters on the R$3.55bn debentures issue by B3.
  • Advised the underwriters on a R$2.65bn primary public offer, with restricted placement efforts, for the distribution of units, common shares and preferred shares of Banco BTG Pactual.

Stocche Forbes Advogados

Stocche Forbes Advogados has impressive credentials across a variety of debt and equity offerings, representing both issuers and underwriters. The firm regularly advises on Brazilian infrastructure debenture issuances, as well as other structured products. The group's transactional expertise is complemented by a good grounding on the regulatory side, and it has been involved in several proceedings with the CVM concerning regulatory reform. Lead partners include Henrique Filizzola, who has over 20 years' experience representing banks and major corporations; Marcos Ribeiro, who is strong on structured products and advice to investment funds; and Frederico Moura in Rio de Janeiro, who also had a busy year, assisting issuers and underwriters on debt offerings covering a variety of industries. Associate Thadeu Bretas also has a good reputation.

Practice head(s):

Henrique Filizzola; Marcos Ribeiro; Frederico Moura; Rana Moraz

Testimonials

‘Stocche Forbes is  our main choice when we think of legal advice for the most diverse operations in the company. The technical capacity of the entire team, the availability and knowledge of the company are the determining factors of the choice of firm for both capital market and equity operations.’

Key clients

Banco Santander (Brasil)

Banco Itaú BBA

Banco Bradesco BBI

Equatorial Energia

Energisa Group

Copel Group

Engie

CCR Group

Omega Geração

Tecnisa

Banco Santander (Brasil)

Work highlights

  • Advised Aeris Indústria e Comércio de Equipamentos para Geração de Energia on its R$981m IPO.
  • Advised Minerva on its R$1bn follow-on public share offering, with restricted placement efforts.
  • Advised Banco Itaú BBA, as underwriter, in the R$1bn public offering of promissory notes by Concessionária de Rodovias Piracicaba – Panorama.

Tauil & Chequer Advogados

Tauil & Chequer Advogados is gaining good market share in Brazil's competitive capital markets space. The team has been involved in an impressive range of complex domestic and cross-border offerings, with issuer and underwriter clients benefiting from the firm's combined domestic and international strengths. 2020 saw it advise on high-profile high-yield bond offerings, green bonds and infrastructure promissory notes on the debt side. Highlights on the equity side included the team's representation of Locaweb Serviços de Internet, as issuer, on its R$1.2bn IPO. The versatile Carlos Motta leads the team, which includes banking partner Eduardo Lima, Bruno Cerqueira, Luis Montes and Rodolfo Constantino de Tella.

Practice head(s):

Carlos Motta

Testimonials

‘Rodolfo de Tella is knowledgeable in national and international capital markets. He is usually very available, helpful and flexible, and adds value to customer recommendations and negotiations with counterparties.’

Key clients

Braskem

BTG Pactual

Banco Santander (Brasil)

Gerdau

CTEEP – Companhia de Transmissão de Energia Elétrica Paulista

Ecorodovias Infraestrutura e Logística

Locaweb

Banco Bradesco BBI

Lavvi Empreendimentos Imobiliários

Ecorodovias Concessões e Serviços

Sul América

Iguatemi Empresa de Shopping Centers

Kinea Investimentos

BB – Banco de Investimento

Grupo CCR

Itaú BBA

Cyrela Brazil Realty S.A. Empreendimentos e Participações

Work highlights

  • Advised Locaweb Serviços de Internet and the selling shareholders on the initial public offering of shares in Brazil and the concurrent placement and sale of shares outside of Brazil.
  • Acted as special Brazilian counsel to Braskem Netherlands Finance and Braskem in connection with the offering and sale of its $600m Resettable Fixed Rate Capital Notes.
  • Advised Banco BTG Pactual and Banco Itaú BBA, as underwriters, on Companhia de Transmissão de Energia Elétrica Paulista (CTEEP)’s green bonds issuance.

TozziniFreire Advogados

TozziniFreire Advogados has a versatile team, with good expertise in transactional and regulatory debt and equity capital markets issues. The firm is developing a notable track record for green bonds, having already represented clients such as corn ethanol producer FS Bioenergia on several issuances. Practice head Alexei Bonamin is highly active on the debt transactional side and is also well versed in regulatory matters. He was part of the team that successfully defended two former members of the Petrobras Audit Board against administrative enforcement proceedings brought by the CVM. Other key partners include Fabíola Augusta Cavalcanti in Rio de Janeiro and fund formation specialist Gustavo Rabello. In October 2021, the firm's capital markets practice was further strengthened by the arrival of Ricardo Stuber from KLA Advogados.

Practice head(s):

Alexei Bonamin

Testimonials

‘The firm provides the services for which it is hired with extreme quality.’ 

Alexei Bonamin is recommended.’

Key clients

Banco Morgan Stanley

Banco do Brasil (BB) Banco de Investimento

Lojas Renner

Drogaria São Paulo

Banco Santander Brasil

Banco J.P. Morgan

Banco Itaú BBA

Banco BTG

Banrisul

FS Bioenergia

Work highlights

  • Advised Alberta Investment Management Corporation as selling shareholders on the $615m IPO of waterway management company Hidrovias do Brasil.
  • Advised FS Agrisolutions Indústria de Biocombustíveis (FS Bioenergia) on its bond offering, which was certified as a green bond.
  • Assistance to Can-Pack Brasil Indústria de Embalagens on the issuance of respective €600m and $400m bond offerings.

Veirano Advogados

Veirano Advogados stands out for its debt capital markets expertise, where the extremely well-regarded Daniela Anversa has an active practice. The firm represents a fairly even mix of underwriters and issuers on the full range of debt offerings, including bonds and asset-backed receivables. The practice also offers regulatory support and has experience representing clients in administrative proceedings before the CVM. The equity side of the practice is also gaining traction, as demonstrated by the team’s advice to the underwriters on Intelbras’s primary and secondary share offering. Corporate partners Lior Pinsky and, in Rio de Janeiro, Alberto Bragança also have good experience. In June 2021, the firm further bolstered its practice with the hire of Luiz Maluf, previously an in-house counsel at Citibank. Since research concluded, Anversa has moved in house as legal director at Natura & Co - effective as of July 2021.

Practice head(s):

Lior Pinsky

Testimonials

‘Daniela Anversa is experienced and competent. She follows the whole process, is always available, brings quick and efficient solutions. In addition, she has worked in financial institutions and knows very well the sensitive points for us.’

Key clients

Banco Santander (Brasil)

Embratel

SP Ventures

Banco Itaú BBA

BRF

Banco Bradesco BBI

Bluemacaw Gestora

Banco Rabobank International Brasil

Banco BTG Pactual

Caixa Econômica Federal

Housi

Work highlights

  • Acted as counsel to the syndicate of underwriters in the primary and secondary public offering of shares in Intelbras – Indústria de Telecomunicação Eletrônica Brasileria, to be listed on the Novo Mercado segment of the São Paulo Stock Exchange (B3).
  • Acted as counsel to Claro and Banco Bradesco BBI in Claro’s tenth issuance of unsecured and non-convertible debentures worth R$ 2.5bn.
  • Advised Bank Rabobank International Brasil in Colombo Agroindústria’s private placement of R$359m in non-convertible debentures.

Bocater, Camargo, Costa e Silva, Rodrigues Advogados

A 'renowned firm specialised in the capital markets area', Bocater, Camargo, Costa e Silva, Rodrigues Advogados stands out for its extensive expertise in securities regulatory issues, regularly providing advice to listed companies, brokerage firms and investment funds. This includes advice on investigations by the CVM and related administrative proceedings. The firm's regulatory and disputes expertise also feeds into a strong track record in transactional matters and capital markets listings. Francisco da Costa e Silva leads the team and has a huge amount of industry experience. Other key partners include Maria Isabel Bocater, who previously served as comissioner to the CVM, Flávio Martins Rodrigues and the highly rated Matheus Rossi.

Practice head(s):

Francisco da Costa e Silva

Testimonials

‘The firm is highly technical and experienced in the capital market area. Francisco da Costa e Silva is a highly experienced professional, former President of CVM and his legal opinion makes all the difference in the decision-making process.’

‘Bocater, Camargo, Costa e Silva Rodrigues Advogados has experience handling large corporate transactions, including several different types of companies and other legal entities, notably publicly-held corporations and closely-held companies, limited liability companies and private equity funds. The renowned expertise of the team of corporate law professionals allows it to work with the utmost celerity, excellence and technique in defending their clients’ interests, including providing advice and following their corporate routines.’

‘Renowned firm specialised in the capital markets area, with highly qualified and committed professionals, with intense dedication to the effective completion of the work.’

‘Matheus Cordato is always available, serves us with speed and connects with the other specialists whenever necessary.’

Key clients

Banco Itaú Bba

Banco Fator

Vinci Partners

XP Investimentos

Bombril

Skysites Americas

Fundação Petrobras De Seguridade Social

Petro Rio

Lastro RDV DTVM

Nova Futura Corretora

Reit Securitizadora de Recebíveis Imobiliários

Aq3 Asset Management

Riviera Investimentos Imobiliários

Singulare Corretora

Banesprev Fundo Banespa De Seguridade Social

Banco Máxima

A5 Gestão de Investimentos

Banco Paulista

Cadence Gestora de Recursos

Previrb (Fundação Previdenciária Dos Servidores Do IRB – Instituto De Resseguros Do Brasil)

Prevcom (Fundação De Previdência Complementar Do Estado De São Paulo)

Infinity Asset Management

Fundação Sabesp De Seguridade Social – Sabesprev

Fundação De Seguridade Social Braslight

Economus Instituto De Seguridade Social

Fundação São Francisco De Seguridade Social

Fundação Atlântico De Seguridade Social

Instituto Conab De Seguridade Social – Cibrius

Work highlights

  • Provided assistance to 3R Petroleum on topics related to the CVM registration procedure and regulatory requirements of its IPO, concerning its structure and the company status.
  • Advised a forestry products company on issues concerning officers’ compensation, capital structure and distribution of dividends.
  • Provided assistance to the shareholder in a precedent-setting case of supposed abuse of its voting to approve a motion deliberating that the company should propose a civil action against members of the Fiscal Council.

FreitasLeite Advogados

FreitasLeite Advogados is best known for its advice to investment funds on the full range of transactional and regulatory capital markets issues. This includes fund launches, and related debt and equity offerings across multiple asset classes and products, including private equity, distressed debt and real estate. The team’s regulatory advice extends to contentious matters, and it regularly represents clients in administrative and civil claims involving the Brazilian Central Bank and the CVM. Humberto de Paula Lima Isaac heads the international capital markets practice. The firm’s co-founder Cristiano da Cruz Leite also retains a strong focus on this area, representing financial institutions, funds and asset managers. Isabela Nunes is also developing a good reputation in this field.

Practice head(s):

Cristiano Leite; Humberto de Lima Isaac

Testimonials

High knowledge in capital markets and delivers with excellence.’

Humberto Isaac has extensive knowledge of financial market product structures and how they are used by the market. In addition, he has great knowledge of the operation of the offshore market (Cayman and US) helping clients in this bridge between Brazil and the international market. Isabela Nunes also has extensive experience in financial products and structuring.’

Cristiano Leite: high technical and business knowledge. Lucas Peres: a lot of dedication.

FL’s capital market team led by Humberto Isaac and Isabela Nunes represents many managers of the Brazilian market and as a result of this representation they have extensive knowledge of the functioning of the market and are always extremely up-to-date in relation to regulatory changes and of the modes operandi of the market.’

Key clients

Angá Administração de Recursos

Avenue Securities

Credit Agricole Brasil

Galápagos Capital Investimentos e Participacoes

Igah

Plural Capital Gestão De Recursos

Pravaler

Atmos

Consteleation

SPX

Work highlights

  • Advising Pravaler on follow-on public offerings of shares in its investment funds, which acquire student loans, including R$300m worth of raisings in 2020.
  • Advised HSI on the structuring and launch of the fund Vongole FIDC-NP, which received a R$500m commitment from investors.
  • Advised Minerva Foods on the structuring and launch of venture capital fund Minerva Venture Capital FIP-IE, whose objective is to invest abroad in venture capital projects.

Trench Rossi Watanabe

'Extremely proficient across the board', Trench Rossi Watanabe brings a strong mix of transactional and regulatory expertise to the table, both in the debt and equity capital markets. On the regulatory side, the team provides day-to-day support, as well as representation in administrative proceedings before the CVM. Transactional highlights included advising Grupo SBF on its $180m public share offering, having already advised on its IPO in 2019. The team was also involved in several significant cross-border bond offerings. Practice head Daniel Facó is backed by a strong team of partners, including Luis Ambrósio and Lara Schwartzmann.

Practice head(s):

Daniel Facó

Testimonials

‘The TRW team was extremely user friendly, and gave targeted, easy to digest advice to a new entrant to the Brazilian capital markets. We have found them to be extremely proficient across the board.’

‘We have worked with Trench Rossi Watanabe on all of our capital market transactions since the arrival of the team led by Daniel Facó. Trench Rossi Watanabe differs not only through its technical capacity, but also by the full time dedication and commitment to the high quality of the service offered to the customer.’

Key clients

Grupo SBF

Natura Cosméticos

GP Investments

Goldman Sachs do Brasil Banco Múltiplo

Wiz Soluções e Corretagem de Seguros

Profarma Distribuidora de Produtos Farmacêuticos

Banco BTG Pactual

Singular Partners

PDG Realty

Vitru Limited

d1000 Varejo Farma Participações

Mosaico Tecnologia ao Consumidor

XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários

Intelbras S.A. Indústria de Telecomunicação Eletrônica Brasileira

Work highlights

  • Advised Grupo SBF, owner of the Centauro sporting goods chain, on its public offering of common shares, directed to professional investors in Brazil, qualified institutional buyers in the US and certain other investors in other countries.
  • Advised d1000 in connection with the listing of its common shares in the highest corporate governance segment of Brazil’s B3 exchange.
  • Acted as Brazilian legal counsel to the initial purchasers, including BNP Paribas Securities, on the $600m issuance of subordinated resettable fixed rate notes due 2081 by Braskem Netherlands Finance.

Vidigal Neto Advogados

Vidigal Neto Advogados has a strong reputation in debt capital markets. The firm handles transactional and regulatory matters, and has a good track record in the establishment of investment funds of all types, including receivables, private equity and real estate funds. This includes follow-on support in securitisations and the issuance of the full range of debt securities, including promissory notes and real estate and agribusiness receivables certificates. Founding partner Rubens Vidigal Neto has a strong focus on this area, working closely with recently promoted partner Fernanda Mary Sonoki.

Practice head(s):

Rubens Vidigal Neto; Fernanda Mary Sonoki

Key clients

XP Investimentos CCTVM

XP Vista Asset Management

Integral Investimentos

Banco Itaú BBA

Rio Bravo Investimentos

Banco BMG

CREDZ Administradora de Cartões

National Association of Participants in Trade Receivables Funds (Associação Nacional dos Participantes em Fundos de Investimento em Direitos Creditórios Multicedentes e Multissacados – ANFIDC)

Fortbrasil Administradora de Cartões de Crédito

Omni Crédito, Financiamento e Investimento

Captalys Gestão

Work highlights

  • Assisted Zoop – an independent credit card sub-acquiring company – in the structuring of its first receivables investment fund.
  • Assisted XP and CREDZ in the structuring of the public offer of senior and mezzanine quotas issued by the Fundo de Investimento em Direitos Creditórios CREDZ.
  • Assisted Itaú BBA in the structuring of the first receivables investment fund for Acqio Adquirência’s – one of the largest franchise chains in Brazil and a pioneer in franchising electronic payments solutions.

Campos Mello Advogados in cooperation with DLA Piper

Campos Mello Advogados in cooperation with DLA Piper has a good track record advising issuers and underwriters, and has built up solid relationships with key domestic and international banks and financial institutions. The firm is especially active on the debt side, with expertise in bond offerings and debentures, often linked to the energy, infrastructure and real estate sectors. The firm’s equity capital markets expertise was demonstrated through its role advising 3R Petroleum on its R$555m IPO. Lead partners Roberto Vianna do R Barros and Jorge Gallo have strong credentials on domestic and international listings.

Practice head(s):

Roberto Vianna do R Barros; Jorge Gallo

Testimonials

‘Jorge Barbieri Gallo is technical and agile.’

Technical quality, agility and knowledge.’

Key clients

Starboard Restructuring Partners Consultoria em Negócios

Banco Santander (Brasil)

Banco RCI Brasil

Banco Votorantim

BB-Leasing S.A. Arrendamento Mercantil

Coremas Holding II

Banco BTG Pactual

Banco do Brasil

Gafisa

Sprinklr

3R Petroleum

Work highlights

  • Advised Gafisa on the issuance of two series of R$117m convertible debentures.
  • Advised Banco Votorantim in the issuance of $500m worth of 4.375% senior notes due 2025, issued under its $5bn Global Medium-Term Note Programme in the international market.
  • Advised Starboard Asset on the $130m financing of oil exploration and production projects in the Macau Cluster through the issuance of debentures.

Cascione Pulino Boulos Advogados

Cascione Pulino Boulos Advogados is noted for its strong track record in debt capital markets, where it represents issuers and underwriters. The firm has good experience of agribusiness and real estate-related securitisations, as well as more general public and private debt offerings. This is complemented by strong expertise on the restructuring side, and in cross-border mandates. Fábio de Souza Aranha Cascione has good credentials in the market, having worked for and within the banking industry for nearly 30 years. Former partner Diego Gonçalves Coelho left to establish his own firm. Since publication, the team has been further strengthened with the promotion of Gabriel Capella to the partnership - effective February 2022.

Practice head(s):

Fabio de Souza Aranha Cascione

Testimonials

The office stands out for the intense involvement of the partners in the cases. I would highlight Fábio Cascione.’

Key clients

Banco Votorantim

Caixa Econômica Federal

Banco do Brasil

Banco Itaú BBA

Caramuru Alimentos

FAR – Fator Administração de Recursos

BTG Pactual

RB Capital

ISEC Group

Gaia Group

Granja Faria

Kinea Investimentos

Éxes

Bioenergética Vale do Paracatu – BEVAP

Work highlights

  • Advised Banco Votorantim on a R$500m issuance of debentures by Companhia de Saneamento de Minas Gerais – Copasa MG.
  • Advised Itaú BBA and Granja Faria on a R$200m debenture issue by the latter.
  • Advised Fram Capital Distribuidora de Títulos e Valores Mobiliários and Bioenergética Vale do Paracatu on a R$23m offering of agribusiness receivables certificates, issued by ISEC Securitizadora.

Dias Carneiro Advogados

Dias Carneiro Advogados represents issuers from across a range of industries, including energy, agribusiness and real estate. The team is especially experienced on the debt capital markets side, regularly advising on the issuance of debentures, real estate receivables certificates and agricultural receivables certificates, as well as international bond listings. Finance partner Thiago Vallandro Flores leads the team, which includes Gustavo Junqueira and Paulo Leme.

Practice head(s):

Thiago Vallandro Flores

Key clients

Logos Companhia Securitizadora

True Securitizadora

Marisol

Marisol Vestuário

Voltalia Group

Banco KEB HANA

Kinea Investimentos

Biosev

Mitsubishi UFJ Trust and Banking Corporation

Catálise Investimentos

Inter-American Development Bank

Corporación Interamericana para el Financiamiento de Infraestructura

Banco Brasil Plural

International Finance Corporation

Companhia Securitizadora de Créditos Financeiros Vert-Leve Capital

Work highlights

  • Advised Logos Companhia Securitizadora as issuer, in a securitisation involving the offerings of the 38th and 39th series of certificates of agribusiness receivables certificates (CRA) backed by debentures issued by CIATC Participaoes.
  • Advised CIFI on the issuance of $15m of floating rate notes due 2028 by Umoe Bioenergy.
  • Advised Logos Companhia Securitizadora, as issuer, on a securitisation involving the offerings of the 31st and 32nd series of certificates of real estate receivables (CRI) backed by credit rights held by JVF Incorporações.

i2a Advogados

i2a Advogados is a relatively new boutique with a strong focus on real estate law and capital markets. This extends to an impressive track record in real estate securitisations and issuances, as well as broader related advice to the real estate investment fund market. The partners offer a strong blend of transactional and regulatory support. Lead partners Luis Peyser, Ronaldo Ishikawa and Leandro Issaka all have extremely active practices in this area.

Practice head(s):

Luis Peyser; Ronaldo Ishikawa; Leandro Issaka

Testimonials

‘Senior lawyers, with a lot of experience in real estate capital markets, mainly related to the issue of real estate fund quotas and certificates of real estate receivables. A highly dedicated and committed team with deadlines. The partners and associates are extremely flexible, seeking to serve customers in the best possible way.’

Key clients

Kinea Investimentos

Itau BBA

Vinci Partners

NorthWest Healthcare REIT

Barzel Properties

BR Partners

Patria Investimentos

XP Inc.

Copa Investimentos

Maua Investimentos

Work highlights

  • Advising Banco Itaú BBA, Itaú Asset and Intrag in connection with the first and second issuance of quotas of Itaú FIC-FIDC de Infraestrutura, an investment fund focused on investing in infrastructure debentures.
  • Advising Kinea in connection with the sixth issuance of quotas of Kinea Índices de Preços Fundo de Investimento Imobiliário – FII.
  • Advising Barzel Properties in connection with the issuance of quotas of a real estate fund and its first public offering, focused on investing in logistic assets and office buildings.

KLA Advogados

KLA Advogados has a solid capital markets practice, which predominantly acts for issuers, including private equity and real estate funds. The team is increasingly active on the real estate side, advising on securitisations and real estate receivables certificates. As well as the issuance of securities, the practice provides strong support on related regulatory and tax issues. Fernanda Levy is a key contact. Since research concluded, in a major development, former practice head Ricardo Stuber left the firm, in October 2021.

Testimonials

‘The capital markets team is skilled. They align technical knowledge with business practice, which makes it possible to provide a differentiated service.’

Key clients

Habitasec Securitizadora

Banco BTG Pactual

Banco BS2

Rio Bravo Investimentos DTVM

Upcon Incorporadora

Rádio E Televisão Bandeirantes

Embraed

Nordic Power Partners

Quasar

QMC

Vector Investimentos

Scopel Empreendimentos

Vórtx DTVM

Isec Securitizadora

Canions

Plancorp

Mogno Capital

BRL Trust

Work highlights

  • Assisted Habitasec in its 180th series of the first issuance of certificates of real estate receivables linked to several lease agreements executed by RTDR Participações.
  • Assisted Provincia in its 12th series of the third issuance of certificates of real estate receivables linked to several lease agreements executed by PG11 EEmpreeendimento Imobiliario.
  • Advised Nordic Power Partners in connection with several quotaholders meetings and investment committee meetings of Fundo de Investimento em Participações Conjunto Coremas – Multiestratégia.

Madrona Advogados

Madrona Advogados has a multidisciplinary capital markets team, whose lawyers have strong experience in key disciplines and industries, such as regulatory, real estate and infrastructure. Clients include a mix of issuers, underwriters and investors, and the firm is regularly involved in debentures issuances and the securitisation of receivables. Marcelo Cosac regularly represents banks and investment funds, while Nair Veras Saldanha typically represents issuers, including several state-owned companies, on transactional and regulatory issues. Leonardo Di Cola has a strong following in the investment fund community and is also experienced in securities litigation.

Practice head(s):

Marcelo Cosac; Nair Veras Saldanha; Leonardo Di Cola

Key clients

Valora Gestão de Investimentos

Jive Investments Consultoria

Banco de Investimento Credit Suisse (Brasil)

Helbor Empreendimentos

Optipar Participações

Banco Itaú BBA

M8 Partners

Casa de Pedra Securitizadora de Crédito

Habitasec Securitizadora

Aguassanta Participações

Nova Milano Investimentos

Nex Group Participações

Orbi Química

Agro Pratinha Indústria, Comércio, Importação e Exportação

Construtora São José Desenvolvimento Imobiliário

Mauá Capial

Hapvida Participações e Investimentos

Embraer

Banco Bradesco BBI

BR Partners Banco de Investimento

Tecsoil Automação e Sistemas

JSL group

Spectra Investimentos

Anga Asset Management

Work highlights

  • Advised Ribeira Empreendimentos Imobiliários on the R$205m public offering of certificates of real estate receivables (CRI) issued by RB Capital Companhia de Securitização.
  • Acted as deal counsel in the R$47.5m public offering of CRIs issued by ISEC Securitizadora backed by bank notes issued by Capa Incorporadora Imobiliária Porto Alegre III SPE.
  • Advised Valora Gestão de Investimentos in the R$74.6m public offering of shares by Valora CRI Índice de Preço Fundo de Investimento Imobiliário – FII.

Monteiro, Rusu, Cameirão e Bercht Advogados

Monteiro, Rusu, Cameirão e Bercht Advogados has an active presence in the debt capital markets space, regularly representing underwriters, issuers and investment funds. Real estate and agribusiness receivables certificates and debentures form a large portion of the firm's workload. The firm's founding partners, including Daniel Monteiro, Roberto Rusu and Allan Bercht, have strong expertise in this area. In 2021, the firm also promoted two new partners who are also active in the capital markets and securitisation space: Marina Lipener Fenerich and Thaisa Menzato.

Practice head(s):

Daniel Lopes Monteiro; Roberto Pekelman Rusu; Allan Borba Bercht

Testimonials

‘The firm has a qualified, efficient and attentive team, distinguished from the rest by its service.’

‘Daniel Monteiro is an an excellent professional. In addition to his technical knowledge he is excellent at finding alternative solutions.’

Closeness to the customer, market and technical knowledge.’

Marina Lipener Fenerich and Bernardo Boulhosa are highlighted for their attention and knowledge. Roberto Rusu also stands out.

Key clients

Cerradinho Açúcar Etanol e Energia

Banco Santander (Brasil)

Banco Itaú BBA

M. Dias Branco S.A. Indústria e Comércio de Alimentos

Banco Bradesco BBI

EDP São Paulo Distribuição De Energia

Bradesco BBI

Portoseg – Crédito, Financiamento e Investimento

Banco RCI Brasil

Work highlights

  • Advising Cerradinho Açúcar Etanol e Energia and Banco Santander (Brasil) on an R$80m debentures issue.
  • Advising Banco Itaú BBA as underwriter on a R$500m debentures issue by Lojas Renner.
  • Advising M. Dias Branco Indústria e Comércio de Alimentos and Banco Bradesco BBI on a R$200m bond issue.

NFA – Negrão Ferrari Advogados

NFA – Negrão Ferrari Advogados specialises in private and public offerings of investment funds and debt securities linked to the real estate sector. This includes the structuring and establishment of real estate investment funds and private equity funds, and issuances of real estate receivable certificates and debentures. In 2020 the firm was involved in 25 debt offerings raising over R$1.5bn. Lead partners Carlos Eduardo Peres Ferrari and Bruno Gagliardi have developed strong practices representing banks, corporates and funds.

Practice head(s):

Carlos Eduardo Peres Ferrari; Bruno Gagliardi

Key clients

Banco BTG Pactual

Banco do Brasil

Cyrela Brazil Realty

Banco Ourinvest

XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários

UBS BB Serviços de Assessoria Financeira e Participações

Setin Empreendimentos e Participações

Rio Bravo Investimentos

RBR Asset Management

Vert Companhia Securitizadora

RB Capital Companhia de Securitização

ISEC Securitizadora

Work highlights

  • Acted as legal advisors of the intermediary leader UBS BB and the administrator Banco do Brasil Group in the R$400m IPO of investment fund BB Fundo de Fundos – Fundo de Investimento Imobiliário.
  • Advised the intermediary leader Guide Investimentos Corretora de Valores and fund manager Banco Ourinvest and its affiliates on the R$100m secondary offering of shares in Fundo de Investimento Imobiliário – Ourinvest Fundo de Fundos.
  • Advised the fund administrator BTG Pactual and the intermediary leader XP on the R$350m third public offering of shares in Fundo de Investimento Imobiliário Mauá Capital Recebíveis Imobiliários – FII.

VBSO Advogados

VBSO Advogados has wide-ranging expertise in debt capital markets and other structured instruments, and is regularly instructed by underwriters and issuers. Securitisations involving agribusiness and real estate receivable certificates remain strong areas of focus, as do public and private issuances of promissory notes and debentures. Name partners Erik Oioli and Renato Buranello are both highly active in this sector. Fellow partner José Alves Ribeiro brings strong transactional and regulatory expertise.

Practice head(s):

Erik Frederico Oioli; José Alves Ribeiro; Henrique Lisboa

Testimonials

‘VBSO is a long-standing partner firm. They are extremely technical, they dominate in depth the subjects and are fast and courteous in their service.’

‘José Alves Ribeiro knows the market well.’

Key clients

Banco Itaú BBA

Banco Bradesco BBI

Banco Rabobank International Brasil

Banco Safra

BRVias Holding VRD

Solfarma Comércio de Produtos Farmacêuticos

Forte Securitizadora

UBY Agroquímica

Banco Inter

RB Capital Companhia Securitizadora

Travessia Assessoria Financeira

True Securitizadora

EcoAgro Securitizadora

Riza Gestora de Recursos

Banco BTG Pactual

Banco BOCOM BBM

Banco Indusval

Eólica Serra das Vacas Participações

Perfin Gestão de Recursos

Riber KWS Sementes

Oncoclínicas do Brasil Serviços Médicos

Mateus Supermercados

Sendas Distribuidora

Companhia Brasileira de Distribuição

Kobold Gestora de Fundos

BancoSeguro

Cyrela Brazil Realty Empreendimentos e Participações

Inter Construtora e Incorporadora

Quasar Asset Management

WNT Gestora de Recursos

Blu Pagamentos

Credit Brasil Fomento Mercantil

JF Citrus Agropecuária

Belagrícola

Strategi Capital

Bank of America Merrill Lynch Banco Múltiplo

International Finance Corporation – IFC

EBES Sistemas de Energia

Grupo AKRK Participações

Valora Gestão de Investimentos

Supplier Administradora de Cartões

Banco Sofisa

Work highlights

  • Advised Banco Bradesco BBI and Riomar Shopping Fortaleza on Riomar’s first issuance of debentures, worth R$185m.
  • Advised Mateus Supermercados in the R$200m issuance of real estate receivables certificates by True Securitizadora, and backed by the client’s real estate receivables.
  • Advised Banco Bradesco BBI on a R$400m bond issue by Fleury.

Vella Pugliese Buosi e Guidoni Advogados

Vella Pugliese Buosi e Guidoni Advogados has a multi-faceted practice that brings a strong mix of regulatory and transactional expertise to the table. The firm is well versed in a wide range of public debt offerings, including debentures and real estate receivables. In addition, the lawyers have good expertise advising clients on related governance and strategic matters. Practice head Gabriella Maranesi Najjar has over 20 years' experience, and works closely with Frederico Buosi. The firm's strategic alliance with Dentons adds an international dimension to its offering.

Practice head(s):

Gabriela Maranesi Najjar

Testimonials

‘It is a very dedicated team and attentive to the needs of customers. They are always available.’

Luís Otávio Pinto is a great associate, extremely technical and dedicated.’

Key clients

Companhia Paranaense de Energia – Copel (Grupo Copel)

Toronto Stock Exchange

Banco Santander (Brasil)

Banco BTG Pactual

BofASecurities

Citibank

Ebes Sistemas De Energia

RB Capital Companhia de Securitização

Rumo

Neuberger Berman Services

Grupo CCR

Totvs

Braskem

Iclinic Participações

Fibra Experts Empreendimentos Imobiliários

Eqi Agentes Autônomos De Investimentos

Work highlights

  • Advised Bank of America Merrill Lynch on the Brazilian law aspects related to the $500m offering of senior secured notes by Navios South American Logistics.
  • Advised EQI Agentes Autônomos de Investimentos and its controlling shareholders on the termination of its  distribution agreement with XP Investimentos and the subsequent agreement of new distribution agreements with BTG Pactual CTVM.
  • Advised real estate company Fibra Experts Empreendimentos Imobiliários on a R$500m issuance of real estate recievables certificates.