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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:
www.cliffordchance.com

Anand Saha

Tel:
Work +1 212878 8301
Email:
Clifford Chance

Work Department

Capital markets, Banks, Transport & logistics

Position

Anand Saha's practice focuses on corporate finance and mergers and acquisitions, with a particular emphasis on transactions in brazil and other countries in latin america.

Anand advises underwriters and issuers on a range of equity and debt capital markets projects, including IPOs, SEC-registered and Rule 144A/Regulation S offerings, high yield, liability management, regulatory capital and MTN programs. Anand also advises on a range of corporate projects including mergers and acquisitions, start-ups and restructurings.


Latin America: International firms

Capital markets

Within: Capital markets

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.

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