The market remains convinced that though Pinheiro Guimarães has a strong practice in both banking and capital markets, its focus and greater strength is as banking counsel. "Very respectable....
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The market remains convinced that though Pinheiro Guimarães has a strong practice in both banking and capital markets, its focus and greater strength is as banking counsel. "Very respectable. For many years they were the almost exclusive representation of Citibank," says one rival.
This was reflected by the firm's deal list last year, with a number of strong mandates on both the borrower and lender side of the banking sphere.
One highlight saw the team represent Export Development Canada, as administrative agent and lender, in a $1 billion financing to Vale, Vale Canada, Vale Inco Newfoundland & Labrador and Vale International. The team also acted as lender counsel to China Development Bank in regard to a $500 million loan granted to Telemar Norte Leste and Corporación Andina de Fomento (CAF) on a $500 million loan to Electrobras.
On the borrower side, the firm advised $1 billion on a syndicated loan to client Votorantim. The deal was guaranteed by Votorantim Participações, the holding company of the Votorantim group, and closed in June 2010.
In the capital markets space, the firm is best know for its work as arrangers counsel, and this was backed up by the firm's deal list last year. One highlight saw Plinio Pinheiro Guimarães, Beatriz Pereira de Souza and Marcela Taquette Vaz advise Credit Suisse Securities, Banco Bradesco, BB Securities and JPMorgan Securities as arrangers of Vale's $1.8 billion notes offering in September 2010.
Francisco Pinheiro Guimarães was also kept busy acting for Banco Itaú Europa, HSBC Securities, Morgan Stanley, Santander Investment Securities and BB Securities on a $1 billion notes offering by steel producers CSN Resources. He also advised Banco Itaú again alongside BB Banco de Investimento and Banco Bradesco on a placement programme and offering of debentures BNDES Participações.
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Pinheiro boosted its finance team last year with the hire of André Sigelmann from Villemor Amaral. The new entrant hit the ground running working on two of the firm's major deals in the last 12 months....
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Pinheiro boosted its finance team last year with the hire of André Sigelmann from Villemor Amaral. The new entrant hit the ground running working on two of the firm's major deals in the last 12 months.
In one Sigelmann, alongside Roberta Pimental, acted for Suzano Papel e Celulose on the financing for its new pulp plant in the state of Maranhão. The plant will be constructed by Metso Paper and is a major project in the region.
Sigelman also advised Renova Energia on the financing and construction of 20 new wind farms with a combined capacity of 450MW.
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Pinheiro Guimarães is a traditional law firm with an impressive M&A reputation. Over the past year, the firm has expanded its practice with the addition of two new partners from Mattos Filho....
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Pinheiro Guimarães is a traditional law firm with an impressive M&A reputation. Over the past year, the firm has expanded its practice with the addition of two new partners from Mattos Filho. Maurício Negri Paschoal and Heber Gomes do Sacramento joined its ranks in December 2010.
In a deal which closed in January 2011, the firm advised Diagnósticos da América, the largest private medical diagnostics company in Latin America, on its R$1.8 billion ($1.1 billion) acquisition of MD1 Diagnósticos da América.
Other recent highlights include advising quotaholders of Simão e Gabriades Vestibulares, Gráfica e Editora Anglo, Editora Anglo, and Siga Educacional as sellers in the acquisiton of shares of Anglo Vestibulares. The shares were bought by Greentree Educacional and represented 100% of the quotas issued by the companies of Anglo Vestibulares. The deal was worth R$715 million and closed in September 2010.
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