Demarest Advogados

Brazil

IFLR1000 Reviews

Financial and corporate

Established in 1948, Demarest is one of the largest firms in Latin America and boasts four Brazilian offices in São Paulo, Rio de Janeiro, Brasília and Campinas, as well as an international branch in New York. 

The firm’s international reach stretches beyond its New York office as part of several legal networks including Lex Mundi, Interlex and Employment Law Alliance. 

  

Focusses / specialisms 

The firm works across financial and corporate and project development matters. 

The banking team focuses in syndicated loans and debt restructuring on both the borrower and lender side. 

In capital markets the firm represents both issuers and underwriters in debt and equity matters. 

The M&A team has expertise in a wide variety of industries and client types. It represents strategic buyers, private equity buyers and sellers in public and private M&A transactions. 

The project development team advises bidders, concessionaires and financial sponsors in projects ranging from sanitation to infrastructure to power. 

  

Key clients 

Key clients for the firm include Vibra Energia, Ford Motor Company Brasil, Smart RJ, Banco Itaú, Focus Energia, Nike and Consortium Conecta Campinas. 

  

Research period review: 32nd edition (2021/2022) 

The firm maintained activity in banking, capital markets, M&A and projects practice areas. 

The banking team advised on project financing and general corporate financing on both the borrower and issuer side. The industries the firm participated in varied.  

The capital market team’s activity was uniform this year with the debt team exclusively advising issuers in debenture issues, mainly in the financing services and energy industries. The equity team advised on multiple security and fund formation primarily in banking, financial services energy, and technology. The firm worked mainly with underwriters and obligors. The team also advised investment funds on fund formations. 

The M&A team was busier with banking than any other sector. The highlighted transactions include many private acquisitions and fund formations on the acquirer and target side. 

The firm was heavily active in energy, oil and gas and mining, working on the finance side as well as the development side.  The team advised bidders, managers and concessionaires in PPPs, PFIs and financing.  

In July of 2021 banking partner Helen Naves departed the firm to start her own practice. The team also welcomed 4 new partners over the research period.  David Meiler and Bárbara Bittencourt both joined the Oil & Gas team from Campos Mello Advogados in October 2021.  Rosi Costa Barros was a recruit from Neiva, Barros & Figuieró Advogados that joined the Energy team in March 2021 and Tomás Paiva joined the Telecom team from Mundie Advogados in February 2022. 

 

Deal highlights: 32nd edition (2021/2022) 

Ford Motor Company Brasil R$550 million fund formation 

Grupo Werthein $4.6 billion acquisition of Vrio Corp 

Municipal Public Lighting Network of Campinas PPP 

Smart RJ R$925 million financing 

Vibra Energia R$1.3 billion bond issuance