Barbosa's capital markets practice is held in high regard and last year Camila Goldberg Cavalcanti led the team on a number of notable transactions. One example saw her acting for Magnesita on a public offering, which raised R$252....
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Barbosa's capital markets practice is held in high regard and last year Camila Goldberg Cavalcanti led the team on a number of notable transactions. One example saw her acting for Magnesita on a public offering, which raised R$252.2 million ($153 million) in February 2011. This was the follow on to a prior offering. Cavalcanti also led as the firm acted for Hospital Maternidade on its $1 billion debenture issue.
Fabíola Augusta A de O Bello Cavalcanti was also active and last year he advised Brasil Brokers on its R$189.3 milllion share issuance in March 2011.
The firm's banking capacity was hit in June 2010, when partner Pedro Lanna Ribeiro left the firm. However the team has maintained a steady stream of financing mandates.
One such highlight saw the team act for brokerage firm XP CCTVM in regards to a R$100 million capital injection by UK private equity fund Actis.
The firm also gave debt restructuring advise to San Antonio Oil & Gas and Usina Caeté.
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Barbosa Müssnich & Aragão continues this year as one of a handful of Brazilian firms dominating the M&A market. As a corporate firm with an integrated banking and capital markets practice, its attorneys advise on both hostile and friendly takeovers, with special emphasis on publicly-held companies....
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Barbosa Müssnich & Aragão continues this year as one of a handful of Brazilian firms dominating the M&A market. As a corporate firm with an integrated banking and capital markets practice, its attorneys advise on both hostile and friendly takeovers, with special emphasis on publicly-held companies. The firm also has experience of dealing with regulatory issues, including those governed by the Central Bank of Brazil (BACEN), the Brazilian Securities Commission (CVM), and the National Monetary Council (CMN).
In December 2010, the firm suffered the loss of prominent partner Luciano Puccini Medeiros, who left to set up a private equity fund. However, the firm continues to retain talent such as senior partner Paulo Cezar Aragão, formerly a superintendent of Brazil's Securities and Exchange Commission. A competitior refers to name partner Paulo Aragão as "one of the best lawyers in Brazil".
In a deal which closed in November 2010 and was worth over R$40 billion ($24.6 billion), the firm represented the Diniz family, which controlled Grupo Pão de Açúcar. The transaction involved integrating the assets of retailers Brasileira de Distribuição (Grupo Pão de Açúcar), Casas Bahia, and Globex (Ponto Frio). It followed long negotiations over changes to a merger agreement signed in December 2009, and resulted in retail giant Nova Globex. The firm represented the Diniz family during the negotiations, advised on the corporate aspects of the transaction and handled the regulatory approval process in Brazil.
Other notable work includes advising Arminio Fraga Neto and other quota holders of $6 billion asset management company Gávea Investimentos on its sale to Highbridge Capital Management, which is owned by JPMorgan. The transaction, which closed in November 2010, involved six months of negotiations, and regulatory and tax requirements relating to Brazilian and US law.
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