Roderick O. Branch > Latham & Watkins LLP > Chicago, United States > Lawyer Profile

Latham & Watkins LLP
330 NORTH WABASH AVENUE
SUITE 2800
CHICAGO IL 60611
United States
Roderick O. Branch photo

Work Department

Roderick Branch is Co-chair of the Chicago Corporate Department. His practice focuses on capital markets transactions and securities regulation, with a particular interest in securities offerings by non-US issuers. Mr. Branch has extensive experience in securities financings in public and private markets, and has represented public- and private-sector companies, investment banks and sovereign governments in global capital markets transactions.

Position

Corporate Partner

Career

http://www.lw.com/people/roderick-branch

Lawyer Rankings

Latin America: International firms > Banking and finance

Latham & Watkins LLP has a fine record in project and infrastructure finance, along with acquisition finance, trade and commodity finance, and hybrid financings involving capital markets elements. Notably, the practice advised Mexican energy company Fermaca on the $815m hybrid financing of its 420km gas pipeline in the states of Chihuahua and Durango, Mexico; the transaction involved a commercial bank credit facility and the issuance of fixed-rate global notes listed in Singapore. This is one example of the firm’s strength in complex hybrid financings, bringing together its leadership in the energy and infrastructure segments and its deep experience in capital markets offerings. Other clients include Eletrans, AES Corporation, Barclays Bank and Société Générale. In another major transaction, the team advised Global Energy & Power Infrastructure Fund II on the debt financing linked to an oil refinery project in Mexico; lead partner on the deal Veronica Relea, a Puerto Rico native, is an emerging name in financings for project developers and lenders. Co-chair of the Latin America practice Antonio Del Pino has a fine record in both M&A and finance. Washington DC partner David Penna is an important figure in energy and infrastructure finance, as is Chicago and New York-based Roderick Branch in hybrid financings involving capital markets issuances. The firm’s deep commitment to the region has been enhanced in recent times with a series of lateral hires, most notably in Spain; this included the former Prime Minister of Spain José María Aznar, who joined the firm in 2018 as a special adviser and has strong connections and influence in the Latin America region. All named individuals are based in New York unless stated otherwise.

Latin America: International firms > Capital markets

Latham & Watkins LLP is best known for transactions by Mexican issuers and is developing its standing in hybrid deals involving both bank lending and securities issuances. Moreover, it has developed a niche in Special Purpose Acquisition Company (SPAC) issuances. Clients include Promecap Acquisition Company, Fermaca Pipeline El Encino, AES Corporation and Eletrans. The team advised Promecap Acquisition Company on its $300m global IPO, with the company being the first ever Mexico-focused SPAC to be listed on the Mexican Stock Exchange. In another headline deal, it advised Fermaca Pipeline El Encino, the Mexican subsidiary of Canada’s Fermaca Global, on the $815m hybrid refinancing of its 420km gas pipeline in Chihuahua and Durango, Mexico;  the refinancing involved the first Mexican project bonds to be listed in Singapore. In Chile, the team advised Eletrans on a private placement of senior secured notes connected to the construction and operation of dual 220KV high voltage electricity transmission lines. The ‘team has true market experience and does not hesitate to show it‘, ‘has deep knowledge but with real sensitivity to client needs‘, ‘partners dominate the subject and participate practically in all calls and decisions during the deal‘ and ‘follow up closely on the development of matters‘. Mexico City native Roderick Branch splits his time between Chicago and New York and has an established record in Mexican issuances. Washington DC’s Alexander Cohen provides additional SEC securities expertise as co-chair of the firm’s SEC National Office. Washington DC colleague Paul Dudek was promoted to partner in March 2019, providing further senior level SEC experience for foreign issuers, including those in Latin America.

Latin America: International firms > Projects and energy

Latham & Watkins LLP has an intense global focus on the energy and infrastructure sectors and this is very much in evidence in Latin America. Having strengthened its Madrid bench, the practice is now increasingly active on behalf of Spanish-based sponsors. Mexico, Chile and Colombia are particularly strong markets for the firm, which is noted for its connections to top Mexican law firms and its abilities in capital markets-driven financings and hybrid financings. In a key headline deal, the firm’s project finance and capital markets groups teamed up to advise Mexican energy player, Fermaca, on the hybrid refinancing of its 420km gas pipeline in the states of Chihuahua and Durango, Mexico; the deal involved a commercial bank credit facility and the issuance of fixed-rate global notes in Singapore. The practice also advised Eletrans, the leading Chilean player in the construction, operation and maintenance of power transmission facilities, on a private placement of senior secured notes to finance the construction and operation of dual 220KV high voltage electricity transmission lines in Chile; and AES Corporation and Grupo BAL on the $304m private placement of senior secured notes linked to the Mesa La Paz wind development project in Mexico. In another significant engagement, the firm advised Global Energy & Power Infrastructure Fund on the project debt financing linked to an oil refinery, again in Mexico. Co-head of the Latin America practice, Antonio Del Pino is noted for M&A involving energy and infrastructure assets. Co-chair of the firm’s global oil-and-gas group, Christopher Cross is another key figure in Latin America deals; while Chicago and New York-based capital markets partner Roderick Branch , a Mexico City native, is increasingly involved in energy and infrastructure financings throughout Latin America. Washington DC’s David Penna is global co-chair of the project development and finance practice and has a long track-record in the region, most recently on deals such as the previously mentioned Fermaca and Eletrans financings. Veronica Relea is another key project finance specialist. Washington DC counsel Luis Torres is ‘very technical, experienced and skilfull‘. All named individuals are based in New York unless stated otherwise. On a more sombre note, less than a year after his arrival as Latin America practice co-head from DLA Piper LLP, Juan Picón passed away in June 2019; he will be greatly missed.