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. It has expertise in dozens of industries including agribusiness, aviation, automotive, maritime, mining, real estate, sports and entertainment, telecommunications, media and technology. The firm is also a member of LexMundi, Interlex Global Law Firm Network and Employment Law Alliance among others. The firm works across financial and corporate and project development matters.
Highlights
Demarest Advogados advised on two landmark transactions in Brazil during 2024. The firm represented Procaps Group in its debt restructuring with lenders including BTG Pactual, Bancolombia, and Davivienda, extending maturities and adjusting covenants to strengthen liquidity. This complex, multi-jurisdictional deal supports Procaps’ financial recovery and growth across Latin America. Additionally, Demarest advised on SABESP’s historic global follow-on offering of 220.47 million shares, including ADRs, under CVM Resolution 160 and the U.S. Securities Act. The transaction featured a pioneering priority tranche for a cornerstone investor and achieved record institutional demand—the largest offering in Brazil’s sanitation sector and globally in the water industry. These deals underscore Demarest’s expertise in capital markets and cross-border finance.
Key clients
Banco Honda, Banco Hyundai, Hyundai Motor Brasil, Latam Airlines, Procaps Group, SABESP, Tam Linhas Aéreas and Yamaha Motor do Brasil
Testimonials
“Demarest is great for its dedication, speed and the know-how of the Capital Markets team.” (Capital markets client)
“My main contact at Demarest is Cristina Tomiyama, we have worked together on several transactions over the years and Cris joined Demarest in the beginning of this year. Cris is a fantastic partner, with extensive expertise in capital markets having worked on many landmark deals in Brazil.” (Capital markets client)
“Excellent law firm, very professional and responsive. Great knowledge from partners with great involvement on the matter. Particularly Guilherme Fontes Bechara.” (Financial Restructuring client)
“Demarest delivers outstanding legal services in mergers and acquisitions, consistently demonstrating excellence in every aspect of the process. Their deep technical expertise, combined with a thorough and methodical approach, ensures that each transaction is carefully structured and executed with precision.” (M&A client)
“The firm had attention to detail and extreme care in all advisory they made for our company and personnel.” (Restructuring client)
“Quick and high-quality return on issues at hand, providing creative solutions to solve legal and operational hurdles in the transaction.” (Restructuring client)
“Demarest's restructuring & insolvency team has deep knowledge of cross-border insolvency matters. Guilherme Bechara, partner, is one of the greatest insolvency experts in Brazil.” (Restructuring client)
