"Estudio Payet is another big player in Lima," says one competitor about Payet Rey Cauvi. Despite being smaller than some of Peru's more traditional market leaders, Payet Rey Cauvi remains a leading firm in the M&A and banking and capital market categories....
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"Estudio Payet is another big player in Lima," says one competitor about Payet Rey Cauvi. Despite being smaller than some of Peru's more traditional market leaders, Payet Rey Cauvi remains a leading firm in the M&A and banking and capital market categories. "The partners of the firm are always involved in the transactions," says one competitor. "They get involved in the details. They have high standards and execute well."
The competition ascribes the ascendancy of the mid-sized firm to the highly-regarded and very active José Antonio Payet. "You'll see him in securities, M&A's...he covers a lot," says one peer. Clients value Payet and Juan Antonio Eguez's "knowledge and ability to solve problems during the negotiation of financial transactions".
The firm's M&A practice was especially active in the mining sector. Payet Rey Cauvi advised Dia Bras, a Canadian mining corporation in its $350 million acquisition of Sociedad Minera. It also acted for Compañía Minera Miski Mayo as it transferred a 60% equity stake in a phosphate rock project valued at $660 million to Japan-based Mitsui and Mosaic Group, a producer of concentrated phosphate. Finally, the firm helped private equity fund Altra Investments acquire a majority stake in Servicios Mineros Gloria.
As for banking and finance, the firm counselled Banco de Crédito del Peru in a massive $800 million corporate bond issuance pursuant to Rule 144a/Reg S. Additionally, Egüez helped Banco de Crédito del Perú in a $350 million loan from granted by 19 foreign banks, which will be used to diversify the bank's funding sources and establish relations with overseas banks.
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