Focus on: Corporate M&A in Uruguay

Bragard Abogados

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BRAGARD is a well-established full-service Uruguayan firm. Our day-by-day clients are the best proof; they are partners in progress. Clients at BRAGARD encompass major international conglomerates, making significant inroads in Uruguay. It has a highly regarded department which is constantly excelling in corporate advisory and high-value M&A deals. When in need of creative and innovative deal structures and facing important corporate conflicts, clients specially rely on Bragard for their broad expertise. It is openly known for providing counsel to national, international and multinational companies from a wide range of sectors and activities, and being particularly skilled handling transactions involving financial services, oil & gas, and public sectors.

For the last years, BRAGARD´s stand-out both locally and in the international arena as a serious and strong player in corporate and M&A work has been noticed. The ability to gather high-profile clients and its intervention in relevant transactions within the international market is evident. BRAGARD continually advises its clients not only in response to their requests, but also going beyond and giving a visionary proposal on the corporate front, directing future moves.

Besides the excellent M&A advisory, BRAGARD has a solid Corporate Law practice. As an example, giant Spanish DISA, Estudio Gómez Platero, SURA, Oxiteno, SunPartners, Kimberly-Clark, Balanz, Zonamerica, Megal, El Observador and Rofex are some of the examples of day-to-day clients in the firm.

This consideration has been lately confirmed with the advisory on Amplifon´s group landing in Uruguay. Amplifon is the world´s leading hearing aid retailer and service provider and has engaged Bragard to assess potential opportunities for expanding its presence in Uruguay, which finally implied the Company´s acquisition of Audical group, national leader on the hearing aid field. The conducted endeavor included specific considerations and potential synergies to facilitate Amplifon´s entry into the Uruguay market. This initiative positions Amplifon to further strengthen its presence in Uruguay´s burgeoining hearing services sector, ultimately reinforcing its position as a global leader in the hearing care industry. Bragard´s advisory services are instrumental in guiding Amplifon´s strategic decision-making, ensuring the company´s ability to make informed choices in pursuit of its expansion objectives.

There is no doubt BRAGARD is a full-service law firm, but its prowess in navigating intricate deals and financial situations regarding M&A matters is outstanding. The law firm embodies a consortium of distinguished professionals, many of whom have graced some of Uruguay´s most prestigious law firms.

Always looking forward to providing excellent service, BRAGARD is also implementing a mentoring process where the most experienced partners transfer their expertise and experience to associate lawyers of the firm. This not-so-common practice is an innovate resource that allows us to think that the future of the Company is sustainable and in good hands.

The Corporate and M&A Department at Bragard stands tall under the astute leadership of Agustina Bomio. Agustina, a prodigious corporate and tax advisor, who has consistently demonstrated her mettle in challenging transactions and corporate strategies within Uruguay. This acclaim is further echoed by her feature in several noteworthy publications. Being the leader of the Corporate and M&A department, Agustina and her team regularly face challenging transactions and deals involving relevant interventions within the Uruguayan market. Day-to-day matters include M&A transactions, formation, acquisition and dissolution of commercial companies, legal recognition of branches, structuring of various trusts (administration, financial, guarantee and investment), recurrent corporate advisory during the lifespan of companies and corporate planning and reorganization. More complex objectives also include comprehensive due diligence processes for domestic and international companies, advisory on shareholder and participation agreements and the recent development of Zorzal Inversiones Tecnológicas, Uruguay´s first simplified issuer of public offering.

BRAGARD´s corporate team has also recently provided legal counsel to prominent Uruguayan developer La Buonora and Associates for its strategic joint venture with Kopel Sanchez, a very well-known construction company that constantly innovates on its field. Our firm advised on and structured the terms of the joint venture agreement, enabling the alignment of business objectives between the two partners, paying special attention to the complex corporate framework that La Buonora implied, considering its ambitious growth strategy.

Agustina´s assessment was a key tool for Terminales Graneleras Uruguayas´ (TGU) share restructuring, including a specific focus on matters associated with competition law, given TGU´s position in the Uruguayan market as one of Uruguay’s largest port stations. We also advised on the legal procedure to renew the concession of the port of Nueva Palmira. The ramifications of this engagement are substantial. TGU fortified its market position and contributed to a diversified maritime sector. This undertaking serves as a pioneering model for similar in Uruguay, enhancing both TGU’s capabilities and market dynamics.

Montecon, the main operator of public areas referred to public areas, containers, general cargo and project cargo, providing an integral world-class service, becoming the largest port operators in Uruguay. Our team has advised the Company on diverse legal issues, including M&A transactions and regulatory advisors.

Another recent key matter includes an exhaustive due diligence process conducted on NODUS group, for its acquisition by Ultramar, a maritime company of utmost importance. This process included negotiations and legal structuring as to proceed with the acquisition of shares and exhaustive assessment to Global Shipping Paraguay and Unimarine Paraguay on their association with Navemar, Paramar and Grupo Dos Santos.

Our corporate department does not fall short on regulatory advisory as well, enabling companies to fully trust our consulting services. Deals involving complex regulatory matters such as health and food industry related transactions have been successfully solved by our team.

All in all, it is clear that BRAGARD´s comprehensive assessment is a key aspect in the construction of our respected position in the market. It is not only our wish to move forward with an extensive assessment, but we are taking clear and direct actions and proposals to do so, enabling our Corporate and M&A department to excel on its practice activities.

abomio@bragard.com.uy – Agustina Bomio