The Levy & Salomão banking team was kept busy with restructuring mandates last year including advice to the Novelis Group in the Brazilian aspects of its wider $4.8 billion debt restructuring....
[more]
The Levy & Salomão banking team was kept busy with restructuring mandates last year including advice to the Novelis Group in the Brazilian aspects of its wider $4.8 billion debt restructuring. Advising on that deal was Luiz Roberto de Assis who also provided advice to the Brazilian subsidiaries of the New Zealand Rank Group in the wider $3.2 billion financing of the group's restructuring.
Bank side mandates were also on the cards and one deal of note saw lead partner Eduardo Salomão Neto acting for Rabobank and Banco Itaú Chile on the financing of the Masisa Group in Chile.
The firm also assisted its client base in a number of regulatory matters including providing advice to Banco Mercedes Benz do Brazil and Banco BMG on Resolution 3.954 as issued by the National Monetary Council.
The firm's capital markets offering, led by Jorge Eduardo Prada Levy and Ana Cecília Manente, benefitted from expansion last year with the hires of Carlos Portugal Gouvêa from private practice and Daniel Tardelli Pessoa from Souze Cescon Barrieu & Flesch.
Debt work was the order of the day last year and highlights included advise to BB Banco de Investimento and Invepar on the issue of debentures by the latter and commercial papers by Concessão Metroviária do Rio de Janeiro. Invepar is a pension-linked company, which invests in infrastructure. In a similar deal the team also acted for SPI a company of the highway operator OHL Group on the issues of debentures.
[hide]
Levy's project work last year was focused around power and in particular hydroelectric.In one deal, partner Luiz Roberto de Assis acted on the largest project financing in Brazil to date, the R$25 billion ($14 billion) Belo Monte project....
[more]
Levy's project work last year was focused around power and in particular hydroelectric.
In one deal, partner Luiz Roberto de Assis acted on the largest project financing in Brazil to date, the R$25 billion ($14 billion) Belo Monte project. Once complete it will be the third largest power plant in the world.
In a similar deal but on a smaller scale Eduardo Salomão Neto and Ana Cecília Manente advised Fundo de Investimento do Fundo de Garantia do Tempo de Serviço (FIFGTS) on the financing for another hydroelectric project, this time developed by Santa Maria Companhia de Papel e Celulose.
Outside of power, the team also acted for the Inter-American Development Bank (IDB) on the financing for Delba Drilling's new offshore oil rig.
[hide]
Name partner Jorge Eduardo Prada Levy leads the corporate team at the firm who last year received one of its biggest mandates from Steel do Brasil Participações. Partner Ana Cecília Manente acted for the company on the acquisition of Mineração Minas Bahia and a 50% stake in Mineração Peixe Bravo for a combined total of $250 million....
[more]
Name partner Jorge Eduardo Prada Levy leads the corporate team at the firm who last year received one of its biggest mandates from Steel do Brasil Participações. Partner Ana Cecília Manente acted for the company on the acquisition of Mineração Minas Bahia and a 50% stake in Mineração Peixe Bravo for a combined total of $250 million.
The same client also called in the team as it looked to acquire iron ore exploitation company Mhag.
On the private equity front, Cecília Manente was again involved as the team acted for the Gávea Group on its fourth private equity fund raising, with funds in the realm of $2 billion.
[hide]