The banking and capital markets teams at Lefosse is led by Carlos Barbosa Mello. The team benefits from its links with UK magic circle firm Linklaters which provides additional work for the firm through its international network....
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The banking and capital markets teams at Lefosse is led by Carlos Barbosa Mello. The team benefits from its links with UK magic circle firm Linklaters which provides additional work for the firm through its international network.
On the banking side, one of the firm's major mandates saw it advise RBS on the establishment of a new investment bank in Brazil including the regulatory and corporate aspects of the undertaking. The team also advised Credit Suisse as administrative agent on amendments and extensions to the CEVA Groups senior credit facilities.
On the capital markets side, the team had a steady stream of equity related transactions last year including the Hong Kong IPO and Rule144A placing of Sateri Holdings. The deal was notable as it was the first company of its size to be listed in Hong Kong with the bulk of its assets located in Brazil. The team advised the underwriters.
Other equity work, this time on the issuer side, saw Rodrigo Junquera act for Autometal on its Brazilian domestic IPO in Brazil and private placement in the US and similar work was also undertaken for Sonae Sierra Brazil by Carlos Mello.
On the debt side one of the team's largest mandates came from Banco Panamericano on an issue of $500 million in 8.5% notes both in the US and in the wider international markets.
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São Paulo-based Lefosse has been operating in cooperation with magic circle firm Linklaters since July 2001. The firm was founded in Brazil in 1987 and was previously known as Goulart Penteado Iervolino & Lefosse....
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São Paulo-based Lefosse has been operating in cooperation with magic circle firm Linklaters since July 2001. The firm was founded in Brazil in 1987 and was previously known as Goulart Penteado Iervolino & Lefosse.
In July 2010, the firm recruited partners Rodrigo Junqueira and Carlos Mello to its capital markets group. Partner Jose Eduardo Manassero left its banking practice the same month.
Lefosse advised on a merger of two of the largest ethanol Greenfield companies in a $3.8 billion merger which closed in April 2010. Lefosse represented ETH Bioenergia, a subsidiary of the Odebrecht Group, which was merging with Brenco. The deal closed in April 2010.
The firm also represented MMX Mineração e Metálicos in a R$3.5 billion ($2.1 billion) deal which closed a voluntary exchange tender offer that gives the mining group a majority stake in a Brazilian port operator. The transaction, which closed in May 2011, is the final stage in a three part deal with South Korea's SK Networks. The tender offer was unusual because it involved the exchange of PortX shares for newly created variable-income royalty based securities. It also involved complex regulatory and structural issues.
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