Anthony Oldfield > Clifford Chance > Sao Paulo, Brazil > Lawyer Profile
Clifford Chance Offices
RUA HELENA 260
6 TH FLOOR
04552-050 SÃO PAULO
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Clifford Chance impresses with its breadth of geographic and product coverage. Brazil, Mexico and Argentina have been especially good markets for the capital markets group, which is also active in Colombia, Peru, Central America (including Guatemala), and Paraguay; the firm’s substantial Sao Paulo office has helped to cement its standing in Brazil capital markets transactions. The team operates across the debt and equity spheres, notably in transactions involving sovereign, quasi-sovereign and corporate issuers. Historically, the practice centred on Brazil, but it has broadened out successfully in recent years, making particular progress in project and infrastructure bonds, private placements and structured derivatives. It has been at the forefront of infrastructure finance through the capital markets, most notably in Colombia’s 4G toll road programme, and in Argentina, Peru and Paraguay; in this instance the team works especially closely with the firm’s market leading project finance practice. Gianluca Bacchiocchi is widely regarded as one of the market leading forces in project bond financings. Clients include AES Gener, Bank of America Merrill Lynch, Corporación Andina de Fomento, Credit Suisse, Electrobras, Evercore, FibraHotel, HSBC Securities, Klabin Finance and Multibank. The firm has held a prominent position in the Fibra sector in Mexico over many years and in 2018 advised Goldman Sachs and Evercore on the pioneering $890m IPO of Mexican energy and infrastructure investment trust CFE FIBRA E. In the sovereign and quasi-sovereign space, the firm advised Credit Suisse, Deutsche Bank and JP Morgan, as joint lead managers, on the $2.5bn and $3bn notes offerings by the Republic of Ecuador. Additionally, it advised the underwriters on the $864m IPO of Hapvida, the Brazilian healthcare services company. The Latin America capital markets group provides ‘extraordinary services and commitment‘, ‘knows the market and makes things easier‘. It is made up of ‘modest lawyers despite their enormous experience‘ who ‘just want to close deals‘. Hugo Triaca is another key member of the team, operating across the capital markets segment, including in investment grade, high yield and hybrid securities. Co-head of the Americas capital markets practice Jonathan Zonis is a prolific adviser on Latin America capital markets issuances, including project bonds, sovereign bonds and high yield debt. Sao Paulo managing partner Anthony Oldfield is also key figure on Brazil company issuances and Jake Farquharson is an increasingly pivotal member of the team, notably in the Mexican Fibra segment; he is ‘a great securities lawyer with a lot of knowledge to handle very sophisticated work, his attention to detail is fantastic and he can work endless hours‘. Anand Saha is equally impressive, including in Brazil equity deals. Sao Paulo counsel Anja Pfleger Andrade is recommended for structured capital markets and derivatives and fellow Sao Paulo counsel Patrick Jackson continues to impress in capital markets and liability management transactions. Alejandro Camacho has retired from the partnership and is now senior counsel in the team.(Leading individuals)
Clifford Chance remains active throughout Latin America, notably in energy and infrastructure transactions. The firm is also at the forefront of investments by international financial sponsors into Latin America and cross-border transactions from Asia into the region. Moreover, the firm frequently advises Latin America businesses on outbound transactions into other parts of the world. Clients include Actis, Caisse de Dépôt et Placement du Québec (CDPQ), CVC Capital Partners, Mitsubishi, CITIC Agri Fund, Castlelake, KKR, The Coca Cola Company, Empresas Públicas de Medellín (EPM) and IFM Investors. The practice advised Canadian pension fund CDPQ on a transaction in the infrastructure sector in Mexico. It also advised Actis Infrastructure Fund on its acquisition of the 110MW El Pelicano Solar Plant in Chile from SunPower Corporation. Other matters included advising Canadian pension fund CDPQ on a transaction in the infrastructure sector in Mexico. The Latin America team delivers ‘the gold standard for responsiveness‘, is ‘practical and business-oriented’ and has ‘strong energy sector knowledge‘; staffed by ‘hands-on partners‘ and ‘very high quality and experienced professionals that have a pragmatic approach‘ and ‘deep knowledge‘, this ‘allows the team to perform very well in fast-paced and complex, multi-jurisdictional transactions‘. ‘The commitment and availability of the partners, allied with their language skills, review of documents and turn-around of drafts with quality in short periods of time is the differential‘ and ‘the intense support and dedication of the associates enables the partners to take part in all transactions simultaneously‘. Moreover, ‘the firm is able to draw on its resources across jurisdictions to put together the most effective teams‘. Madrid partner Javier Amantegui is noted for infrastructure transactions and private equity investments in Latin America. David Brinton heads the America’s corporate/M&A practice and has an extensive record in Latin America; he ‘creates very strong bonds with clients‘, is ‘a great strategic thinker‘ who ‘provides clear and creative solutions to complex issues‘, and is ‘commercial and business-oriented‘ with ‘an easy-going and approachable style‘. Clients highlight his expertise in energy transactions. Sao Paulo partner Anthony Oldfield has an impressive mix of M&A and capital markets work; he is ‘a very capable, engaged and experienced lawyer who identifies the critical issues and risks in order to support business decisions‘. Madrid partner Samir Azzouzi is another key member of the Latin America practice, especially in private equity and energy and infrastructure transactions. Thais Garcia has a fine reputation in financial sponsor deals; she is ‘a truly dedicated partner‘, has ‘an excellent understanding of investment details and strong knowledge of the region‘, ‘does a terrific job of distilling down very complex shareholder agreement issues to allow clients to make the right decisions’ and is ‘very engaged, super smart and always keeps the whole team moving at the pace that’s needed‘. Named individuals are based in New York unless stated otherwise.