Brazil

Reviews

Practice area

IFLR1000 Reviews

Overview

Solicitors governing body: Brazilian Bar Association (Ordem dos Advogados do Brasil – OAB)

Competition authority: CADE (Brazil’s Counsel for Economic Defense)

Financial regulator: CVM; Central Bank  

IFLR1000 ranking categories in this jurisdiction: 

Banking, Capital markets, M&A, Private equity, Project development, Project finance

Jurisdiction overview

The Brazilian legal system has its origins in Portuguese law; the country gained independence from Portugal in 1822. 

The country has clear restrictions in place for foreign firms and lawyers. Foreign lawyers are forbidden from practicing Brazilian law. Furthermore, domestic lawyers who work for foreign firms are also not allowed to practice Brazilian law.

Foreign lawyers can work as foreign law consultants but can only advise on international law or law from their own jurisdictions.

As a result of such restrictions, some local firms have formed associations with international outfits. In 2010, Brazil’s national bar association’s São Paulo chapter found that alliances between foreign legal consultants and Brazilian lawyers were unethical, but in October of 2012, the federal OAB decided not to make any changes to the present system.  

Many prominent law firms in Brazil tend to be based in either São Paulo or Rio de Janeiro, though some have offices in cities throughout Brazil. Some firms such as Demarest Advogados and TozziniFreire Advogados also have New York offices. São Paulo is considered more of an economic hub, but Rio’s market is strong for energy and infrastructure transactions. 

Financial and corporate
Andrade & Rechtman

Andrade & Rechtman Advogados is a strong M&A firm. The firm advised middle market companies sold to international buyers.

All the transactional details are confidential.

Client feedback

“We are extremely satisfied with the law firm's work.” – Project development

Azevedo Sette Advogados

Azevedo Sette Advogados has a strong project development practice. The firm is also active in M&A and restructuring.

In one highlight M&A deal, the firm advised Estantevirtual on the sale of its shares to Livraria Cultura.

In project development, the firm is particularly active in infrastructure. Over the research period, the firm advised the State of Pará on a water supply and sanitary sewage system.

The firm lost partner Joyl Gondim.

Significant clients include Concessionária do Aeroporto Internacional de Confins, São Paulo Municipality, 3G Fundo de Investimento em Participações, Reichle & De-Massari Holding and Grupo AMG.

Client feedback

"In my opinion, Azevedo Sette is best in M&A and accounting." - M&A 

"Highly capable team of associates and junior lawyers. Urgent attention client demand; transparency on billing processes; availability of founder associate to advise on strategic issues." - M&A 

"Excellent firm with offices all around Brazil and with knowledge in different sectors. The parner Frederico Bopp is an excellent lawyer. Very dedicated, with a full knowledge and with focus to solve problems with creative solutions. He has high standards and a very good team." - M&A 

“Good team and good knowledge.” -- Financial restructuring

 

Baptista Luz Advogados

Baptista Luz Advogados is active in M&A, capital markets and banking.

In banking, the firm advised financial institutions on regulatory issues. Client details were confidential. 

In M&A, all the transactional details are confidential. 

Client feedback

“Strengths: Strong team, very business oriented mindset and great network.” – M&A  

Bichara Advogados

Bichara Advogados is active in M&A.

The firm advised J&F Investmentos on selling its shares to Itaú-Unibanco Bank economic group.

The firm hired Guilherme Rosetto Nunes Oliveira as senior lawyer from Cepeda Greco & Bandeira de Mello Avogados.

Key clients include Barentz International.

BMA - Barbosa Müssnich Aragão

BMA - Barbosa Müssnich Aragão is best known for its M&A practice.  

The firm’s banking team has been particularly active on debt restructurings. The team has a significant borrower client base, but also advises lenders.  

The firm’s capital markets team has been active in debt transactions, advising on bonds and debentures, but also on equity transactions where it advised on follow-on offers of shares. The firm also worked on the IPO of Atacadão 

One recent M&A transactional highlight was the firm’s advice to Ipiranga Produtos de Petróleo and Ultrapar Participações on the acquisition of Alesat Combustíveis. 

The firm moves up to tier two in banking and finance this research period,  

The firm advises the likes of Rede D'Or, BHP and Lojas Americanas 

Client feedback

“In general terms, excellent quality of lawyers that do quality work in stressful situations. They are also dependable and clearly communicate and manage the client's expectations.” - M&A

Camila Goldberg

“Capable of quickly understanding the client's needs, constraints and urgency, and always meets expectations. Also show a great level of partnership when needed (both in terms of cost and urgencies).”

Buschmann & Associados

Buschman & Associados is active in M&A.

The firm advised EBSE on its disinvestment plan.

Key clients include H Dantas Navagação e Comércio LTDA and Atlantes Operações Estruturadas.

Campos Mello Advogados

Campos Mello Advogados is a strong project development and banking firm. In addition, the firm is active in capital markets and M&A.

In one highlight banking deal, the firm advised Banco do Brasil as borrower on an international loan transaction.

On the capital markets side, the firm represented Banco RCI Brasil on the issuance of financial bills in Brazil.

The M&A team advised Scatec Solar on a joint venture with Statoil.  

In project development, the firm advised Neoenergia on a public bidding procedure to develop transmission lines.

The firm hired partner Marcelo Araujo Pereira.  

Key clients include Banco Santander, Banco Votorantim, China Consruction Bank International, Margenthaler Private Equity, Bridgepoint Development Capital and General Water. 

Client feedback

Great knowledge of the oil and gas business in Brazil, extreme reactivity, and high intellectual agility.” – Project development

David Meiler

“High knowledge of oil and gas business. Excellent reactivity.”

 

Candido Martins Advogados

Candido Martins Advogados has been particularly active in M&A over the research period. Agribusiness is a busy sector for the firm.

In one M&A deal, the firm advised Agro Rise Participações on the acquisition of a stake in Casa da Vaca Produtos Agropecuários.

Companhia Nacional do Álcool and Qualyquímica Indústria e Comércio de Produtos Químicos are other key clients of the firm.

Client feedback

"Very strong in private equity and M&A. Growing compliance practice." - M&A 

"Henrique Martins is an excellent lawyer, hands-on, owner's mentality, flexible and highly knowledgeable. We mainly work with him and his very capable team in matters related to M&A and corporate." - M&A

"Very professional service, they are always available when needed and always fast and accurate." - M&A

"Professional; detailed knowledge; strategic thinking; and responsive." - M&A

Renata Simon

“Good client service.”

Henrique Martins

“His expertise and relationships abilities are definitely his strength.”

Henrique Martins and Alamy Candido

“Professional. Has strong knowledge and strategic thinking. Responsive and client-focused.”

Cascione Pulino Boulos & Santos Advogados

Cascione Pulino Boulos & Avogados is a strong project development firm. In addition, the firm is active in capital markets, banking and restructuring and insolvency.

In banking, the firm advised Ferrous Resources do Brasil on an international loan facility agreement.

On the capital markets side, the firm advised Banco Votorantim and Banco Itaú on the public offering of financial bills.

In one highlight project development deal, the firm advised American Airlines on its agreement for the construction of an aircraft hangar at São Paulo International Airport.

In restructuring and insolvency, the firm advised Rossi Residencial on the restructuring of its financial debts.

The firm hired partners Daniel Engel and Fabio Sertori from Felsberg Advogados. 

Key clients include Terra Investimentos Distribuidora de Títulos e Valores Mobiliários, Banco Bradesco, AEGEA Saneamento, Gransolar Group, Ullink Software, Rede D’Or and HSBC Brasil.

Client feedback

“Highly client oriented and high technical skills. Deep knowledge of energy market.” -- Restructuring

“It is an excellent firm, very practical and with high knowledge in its area.” - Corporate restructuring

“Very knowledgeable professionals, high working capacity and adequate fees.” - Banking 

Cescon Barrieu Flesch & Barreto Advogados

Cescon Barrieu Flesch & Barreto Advogados is a strong player in project finance, M&A, capital markets and banking. 

The firm’s banking team advises both borrowers and lenders. Many of the firm’s transactions take place in the energy sector. More specifically, when it comes to project finance matters, which make up a significant portion of the firm’s financing transactions, the power and hydrocarbons sectors are particularly active for the firm. One deal saw the firm advise New Island Capital on a joint mezzanine project financing for the construction of two wind farms with a 402MW capacity.  

The team is also active on the development side of projects deals. For example, the firm worked on the PPP of the public lighting service in the city of Teresina.  

Energy and food have been active sectors for the M&A practice, where the firm advises acquirers and sellers on high value transactions.   

The firm advises the likes of Enel, BNP Paribas and Vale.  

The firm was previously known as Souza Cescon Barrieu & Flesch but rebranded when Luis Antonio Souza left the firm. 

Client feedback 

“Very good senior level access to partners. Mid / low level lawyers not so strong as compared to some competitors.” – M&A, capital markets

Partner Carlos Augusto Junqueira is excellent, very objective and creative in finding solutions to clients' needs.” – Corporate restructuring

“CBF&B has a long relationship with us, we have been using their expertise and services for a long time. They are really trustable and have a very recognised team by the banks, local capital markets and other law firms. Their lawyers have a unique capacity to understand our needs and work jointly with our executives and shareholders, aiming for the best results and avoiding unnecessary risks. They have the size and muscles to give us fast and precise answers no matter how short the period of time is that the situation imposes.” – Capital markets

“Cescon Barrieu is surely among the top law firms in Brazil when it comes to project finance, corporate finance and capital markets. I have had the chance to work with other top law firms in the country during this time, and can easily state that Cescon Barrieu lawyers are among the most experienced and dedicated to the client’s needs.” – Banking, Project finance, capital markets

Coimbra & Chaves Advogados

Coimbra & Chaves is an active M&A firm, particularly active in the engineering and banking sectors.

The transactional details were confidential.

Client feedback

“Great team.” – M&A

"Strengths: team work, quality of the services and agility." - M&A 

"They treat each subject seriously, always with observation to rigid ethical principles. Another strong point is the experience of its professionals, together with the constant updating - indispensable in matters of law, considering the scope and extent of the Brazilian legislation - and the incentive for the specialisation, including international, of the younger members. The domain and fluency of most of its members in the English language and knowledge of international standards are also essential for us." - Project development 

Corrêa Meyer & Nastromagario Advogados

Corrêa Meyer & Nastromagario Advogados is an active M&A firm. In addition, the firm is active in project development.

The M&A team was involved in the sale of SP Implantes Company.

In project development, the firm advised a client on the acquisition of several rural real estate properties in the State of Bahia for the development of wind projects. Client details were confidential.

GTIS Partners Group was a key client. 

Dannemann Siemsen

Dannerman Siemsen is active in M&A and often works on commercial and franchising matters. The transactional details were confidential.

Davis Polk & Wardwell

Davis Polk & Wardwell is a leader in capital markets and advises clients on international law out of its São Paulo office

In one highlight capital market deal, the firm advised the global coordinators and bookrunners on PagSeguro Digital’s IPO.

Key clients were BR Distribuidora and Petróleo Brasilero, Joint Bookrunners, Rumo Luxembourg and Natura Cosméticos.

De Luca Derenusson Schuttoff & Azevedo

De Luca Derenusson Schuttoff & Azevedo Advogados is active in bankruptcy and restructuring and M&A.

The bankruptcy and restructuring team advised the judicial administrator Alvarez & Marsal Brasil on the reorganisation of OAS Group.

Other transactional details were confidential.

Demarest Advogados

Demarest Advogados is a strong capital markets, M&A and projects firm. 

The firm’s banking team has an active bank clientele and has been active on debt restructurings and syndicated loans.   

The capital markets team is particularly known for its work on CRAs (agribusiness receivable) transactions, though the firm also works on notes issues and share offers.  

In one M&A deal, the firm advised Odebrecht subsidiaries with the sale of 15% of ViaQuatro to CCR and the sale of stakes in Concessionária ViaRio 

The firm’s projects team has been active within the oil, ports and social infrastructure sectors. One projects deal saw the firm advise Qatar Petroleum International in a successful bid for the block Alto de Cabo Frio Oest 

The firm advises the likes of Banco Santander, EcoRodovias and Mitsui & Co. 

Client feedback

“The team at Demarest is very diligent and has always delivered in a timely manner, ensuring the expected quality of the work.” – Banking and finance

“Very strong corporate and tax skills. Engagement, fast response, availability and trust.” - Corporate restructuring

Good knowledge of the law. Quick feedback. Good interaction.” - Insolvency

“Demarest is a very well-known law firm in Brazil with a great team of lawyers. It is a law firm with a very good sense of urgency and prioritisation. Flexible on fee negotiation and accurate in their legal opinions.” - M&A

“The services rendered were of good quality. Strengths included the availability of the team and expertise in certain topics. Weaknesses are related to fee charges.”- Capital markets

“Business oriented.”- M&A

“Extremely reliable and interested team in the corporate law and M&A departments. Working with them throughout the years helped in developing a strong trust and finely tuned business flow.  However, an expensive firm.” – M&A

“Strengths: the high level and leadership of the managing partners.” – M&A

“Main strength is the diverse law practice. Main weakness is the very few lawyers in oil & gas.“ –M&A

“Demarest has been providing legal guidance to our company for almost five years and their knowledge of the life science business makes them stand out compared to other big firms. Pragmatic approaches on all areas, especially M&A and litigation, were constantly delivered, and this is able to speed up the internal decision making process.” – M&A

João Almeida

“Highly responsive, thoughtful advice.”

Guilherme Fontes Bechara

“Very good lawyer - reliable and responsive.”

Cleber Cilli David / Antonio Giglio

“Excellent work, very diligent and business oriented.”

Jose Diaz

“Jose Diaz is sharp, objective and smart when negotiating with counterparties.”

“Business oriented, practical.”

“Very strong leadership and negotiation skills.”  

Claudio Mattos

“Claudio is naturally motivated to help the third sector to develop and has given a lot of help to the growth of my organisation.”

Roberta Souza Batalha 

“The partnership we have with Roberta is extremely appreciated. She is very committed and supportive, and always has the client’s best interests in mind.” 

Luciana Tornovsky

“Luciana Tornovsky has been truly into the life science market and her performance during one of our major M&A projects is really impressive. Her drive to speed up and provide solutions has been highly appreciated.”

Maria Lucia de Almeida Prado e Silva

“Excellent technical skills, very empathetic, strong relationships and confidence.”

Edimara Wieczorek

“Edimara is a great leader and is always open for discussions. She demonstrates knowledge in many different areas - which is great when you need to evaluate an issue from many perspectives without talking to an entire legal team and spending excessive hours. Her first input is always a blessing.”

 

Derraik & Menezes Advogados

Derraik & Menezes Advogados is active in M&A and recognised by its clients for its venture capital work

The firm advised Vox Impact Investing Fund on its investment in microcredit startup Avante.

Key clients include Fundação dos Economiários Federais.

Client feedback

“The firm has great partners, very specialised in venture capital/ private equity in Brazil and abroad. I've been using their services for a long time and have always had good experiences.” – M&A

“They are the Brazilian benchmark in venture capital deals.” - Venture capital 

“Leaders in our field (Venture Capital investments) in Brazil.  Great to work with, and slightly lower price than the ‘blue chip’ law firms in Brazil. “ - Venture capital

Dias Carneiro Advogados

Dias Carneiro Advogados is a strong project development firm. In addition, the firm is active in banking, capital markets and M&A.

The banking team advised Inter-American Development Bank on a loan granted to Banco do Brasil.

On the capital markets side, the firm advised Logos Companhia Securitizadora on a securitisation transaction.

The M&A group advised CITIC Agri Fund Management on an acquisition of a portion of Dow AgroScience.

In one highlight project development deal, the firm advised Solairedirect Brasil on an EPC agreement with SNEF for a 120MW solar photovoltaic power plant.

The firm hired partner Anna Dutra from Banco Brasil Plural and partner Artur Andrezo from Stocche Forbes. 

Key clients include ING Bank, Deutsche Investitions, Catálise Investimentos, Morgan Stanley, Citigroup and Solairedirect.

Client feedback

“Timely and to the point.” – Project development

“Quick response.” - Project finance 

Thiago Vallandro Flores

“Timely, to the point and responsible.”

Paulo Leme

“Fast and good negotiator.”

Duarte Garcia Serra Netto & Terra

Duarte Garcia Serra Netto & Terra is active in project development.

The firm advised infrastructure company CCR on concessions for road systems in the state of São Paulo.

Key clients include ENOB, São Paulo Subway Line 5 – Lilac, Grupo JCDecaux and Circuito de Compras de São Paulo.

Fraga Bekierman & Cristiano Advogados

Fraga Bekierman & Cristiano Advogados is active in M&A.

The firm advised SunEdison Brasil Energia and SunE Solar on the sale of their corporate interests to Actis.

Key clients include Karmin Exploration, Vix Swimwear and Windsor Barra Hotel.

Client feedback 

"Strengths of this law firm: commitment to quality; collegiality; loyalty; accountability; sense of fairness; and client driven approach." - Banking 

“Fraga Bekierman & Cristiano Advogados is a very reliable law firm, providing advisory of all types for the company I used to work at.   They are very ’hands on’ with every subject the company needed, from M&A to regulatory advice, and I also must highlight their commitment to the company´s internal deadlines.” – Project development

"Has been advising our family (and companies) since the nineties and Bekierman and his partners remain as our law firm." - Financial restructuring 

Kestener Granja & Vieira Advogados

Kestener Granja & Vieira Advogados is active in M&A

The firm advised FMC Corporation on setting up its food additives business in Brazil.

Key clients include Perrigo Company.

Client feedback

“Kestener Granja & Vieira Advogados is my ’go to’ firm for commercial and regulatory work involving our mutual clients who are often global pharmaceutical companies with international supply and distribution contracts.  Fabio Alonso Vieira is a superb lawyer - highly responsive and commercial. I also strongly recommend Rubens Granja and Flávio Ramos.” - M&A 

Landi Rodrigues Nakano & Giovannetti Advogados

Landi Rodriguez Nakano Giovannetti Advogados is active in banking, capital markets and M&A.

In banking, the firm advised Nardini Agroindustrial on its debt restructuring.

On the capital markets side, the firm advised Banco Itaú BBA on the public offering of Localiza Fleet.

The M&A team advised Roque Genial on the acquisition by Magnum Partners.

Levy & Salomão Advogados

Levy & Salomão Advogados is a strong capital markets, project development, M&A, and banking firm.

In banking, the firm advised Swissport Brasil on a term loan.

On the capital markets side, the firm advised Soros Fund Management on securities trading rules.

The M&A team advised AccorHotels group on the acquisition of 21 hotels.

Key clients include HBO Latin America, Banco Rodobens, Novelis do Brasil, Starwood Capital Group, Neuberger Berman Europe and Hamilton Lane.

Lobo de Rizzo Advogados

Lobo de Rizzo Advogados is a strong capital markets and M&A firm. In addition, the firm is also active in banking and project development.

In banking, the firm advised Itaú Unibanco, Goldman Sachs, Banco do Brasil, London Branch, Credit Agricole and other financial institutions on on granting a credit facility to Ascenty Data Centers e Telecomunicações.

On the capital markets side, the firm advised Companhia Paulista de Força e Luz on a debentures issuance.

The M&A team advised Thyssenkrupp on the sale of 100% of its shares to Ternium.

In project development, the firm advised a consortium on a public bid to operate and maintain lines 5 and 17 of São Paulo’s subway system.  

The firm hired partner Rodnei Iazzetta from Arap Nishi & Uyeda Advogados.

The firm rose to tier 4 in the capital markets rankings this year and to tier 2 in the M&A rankings. 

 

Key clients included Banco BTG Pactual, Amtek Global Technologies, Banco Bradesco, Braskem and Braskem Netherlands Finance, Burger King and Coca-Cola.

Client feedback

“Excellent law firm. Business oriented, serious and reliable. Very good relationship with customers.” – M&A

“Fast workers, engaged and good at translating client needs.” - Banking 

Valdo de Rizzo

“Top notch. Creates a great culture in the office and leads by example.”

Fabrizio Sasdelli 

“Very prepared. Solid background in banking.”

Machado Associados

Machado Associados is active in M&A and project development.

In M&A, the firm advised Estre Ambiental on a business combination with Boulevard Acquisition.

Key clients include Columbia Group, Companhia do Metrô da Bahia, Andrade Gutierrez, Directweb and EnerNoc.

Machado Meyer Sendacz Opice Advogados

Machado Meyer is a leading player across the board but is particularly known for its strength on project finance and development matters.  

The firm’s banking team has been particularly active on debt restructurings. 

The firm’s project finance team has been active on financing projects within the power, ports and energy sectors. Infrastructure debentures have also been an active area for the firm. 

The firm’s capital markets team has worked on the offer of shares, debentures and notes. One deal saw the firm work on the IPO of Omega Geração 

Project development deals included developing thermo solar power plants, and participating in auctions.  

One example of the firm’s M&A work is its advice on the combination of the businesses of Neoenergia and Elektro Holding. 

The firm advises the likes of Petrobras, Farmoquímica and Bradesco. 

Client feedback

“Strengths: Very skilled lawyers and a team that makes the deal flow without any delays and disruption.  Very good relationship with main corporations in Brazilian market.  Weaknesses- none of notice.” – Banking and finance

“Machado Meyer is one of the best law firm in Brazil. Their lawyers have a lot of experience with structured financings, restructurings, derivatives and banking regulation.  It is difficult to find lawyers who have experience with all of these matters together.” – Banking

“The law firm stands out for its knowledge and experience in banking transactions. We were represented by the senior partner for the whole process of a transaction.” – Banking

“Law firm is very good. Practices all areas. Lawyers are competent and well prepared. I just think they send too many lawyers to meetings.” – Banking, M&A

“Machado Meyer is a great law firm for project finance, corporate finance and regulatory matters. Their advice is always precise and at times ground breaking.  Cost transparency is one of their weaknesses. Another major weakness is the absurd lack of diversity among their lawyers (especially partners).” - Banking, project finance

“Deep knowledge of derivatives market and docs (Rafael), very reachable and consistent.” – Derivatives

“High quality work and deadline accomplishments are their main qualities. Despite being a big law firm, it would be advisable to adopt simpler and fairer billing structures regarding fee collection methodology.” – M&A

“Machado Meyer assisted my institution and others in what was probably the most innovative and complex project financing in Brazil over the past 12 months.  They worked tirelessly for over a year to come up with novel solutions to what seemed like issue, after issue after issue.  I was particularly impressed by Paloma Valéria Martins Lima.” – Project finance

“This law firm takes good care of their clients, with high knowledge of the client’s sector, providing a specialised and customised service.”  - Project finance

“High qualified law firm, business oriented and always concerned about the client's achievement.” – Project finance

“Excellent commitment and legal knowledge.”  Project finance, M&A

“Machado Meyer has a great team of professionals. They focus on the deal and provide high quality service, while considering time.”   – Project finance

“Machado Meyer has a very specific team and a strong know-how in Brazilian corporate legislation, capital markets legislation and its updates.” - Regulatory

Rafael Carretero

“A deep knowledge of the financial market and financing structures allows him to be creative in providing solutions.  Always on top of the deals and [provides] timely responses to requests.”

“Outstanding job and deep knowledge related to product and legislation.”

Eduardo Castro 

“Eduardo is always available to answer all the questions of the client, with huge knowledge of the sector and the client.”

José Virgilio Lopes Enei

“Outstanding professional with deep knowledge on project finance and construction contracts.”

Alberto Faro 

“High quality work.”

Camilo T. Gerosa Gomes 

“Camilo is known by his leadership during the preparation and negotiation of the transaction documents, which helps a lot in syndicated and complex transactions. He is confident and transmits confidence to his client due to his experience and knowledge.”

“Competent lawyer. Direct and objective.”

Luana Yoko Vieira Komatsu

“Luana is extremely talented and deal oriented. In a very male-centric work place, she shines as a great lawyer, very organised and always ready to give insightful advice.”

Paloma Lima

“Fantastic.  Great at proposing and implementing solutions.”

Gustavo Rugani

“Strengths: Expertise, know-how, accessibility, corporate law specialist. Weaknesses: expensive.”

“Excellent commitment and legal knowledge.”

Raphael Zono

“Excellent lawyer, hands-on, very focused on each transaction with great understanding of the commercial issues that can delay or be a problem in any deal.”

 

Madrona Advogados

Madrona Advogados is active in project development.

The firm advised Fundação Butantan on a PPP to explore and maintain a plant of blood-derived products.

Key clients include UNOPS, Banco Fator, Deloitte Touche Tohmatsu and Ecom Energia.

Client feedback

“Very business oriented law firm, partners with a high level of knowledge and technical skills, together with a sensibility to deal with various kinds of legal matters at the same time. Flexible in fee negotiation.” – M&A

 “The team, especially Rodrigo Machado, has an extensive and profound knowledge of the electric sector regulation, is very up to date with the recent developments, and takes part in the relevant discussions in the sector. Their legal advice in regulatory matters is very precise, pragmatic and business oriented.” – Project development  

Mattos Engelberg Advogados

Mattos Engelberg Advogados is active in M&A.

The firm advised Sistemas Seguros Tecnologia de Sistema in the merger with Virtual Informática.

Key clients include Produbon/Integral Nutrião Animal, Vice Media, Bunge and SmartCoat.

Mattos Filho Veiga Filho Marrey Jr & Quiroga Advogados

Mattos Filho Veiga Filho Marrey Jr & Quiroga Advogados is considered a top tier player across the board.  

The firm’s banking team advises both borrowers and lenders. In one key deal, the firm advised Usina Santa Terezinha on its debt restructuring. 

Within project finance, the firm has been particularly active in the renewable energy sector but is also seen in the oil and gas, power and transport sectors.   

The capital market team has worked on deals related to CRAs (agribusiness receivables), international notes issues, share offers and debentures.  The firm advised Biotoscana Investments with an offer of Brazilian depositary receipts. 

The firm’s project development team has worked on several EPCs and bids for projects in the aviation, port, power and transmission sectors, among others. 

In M&A, the firm advised Petrobras on the sale of a 90% stake in Nova Transportadora do Sudeste. 

The firm advises the likes of Ultrapar Participações, Goldman Sachs, and Vale.  

Client feedback

“Mattos Filho is one of the most important full service law firm in Brazil.  MF provides a high level service, with a deep knowledge in law. Its lawyers usually answer  our demands quickly and also are really engaged to discuss and find the solutions that best fit for us.”    – Capital markets, M&A

“Mattos Filho has high quality executives who are updated with any sector and/ or regulatory changes and have been able to provide us  top quality advice regarding risks and assessments on investment opportunities.” – Banking, M&A

“[Strengths]: the specialisation in the themes discussed by qualified professionals. Weaknesses: large number of professionals involved in the theme, which generates more expenses.”  - M&A

Medina Osorio Advogados

Medina Osorio Advogados advises on cases involving capital markets deals.

The firm advised investment agents accused of manipulating the stock price of Mundial.

Key clients were confidential.

Client feedback

“Confidence and expertise are their strengths. I don´t see any weakness.”  - Regulatory 

Melcheds || Mello & Rached Advogados

Melcheds Mello & Rached Advogados is active in M&A.

In one highlight M&A deal, the firm advised advertising agency Salve Agência Interativa on the sale of its shares to Grupo ABC.

Key clients include Graycliff Private Equity and SteelCons Energy.

Melcheds Advogados

Melcheds Mello & Rached Advogados is active in M&A.

In one highlight M&A deal, the firm advised advertising agency Salve Agência Interativa on the sale of its shares to Grupo ABC.

Key clients include Graycliff Private Equity and SteelCons Energy.

Client feedback

“Excellent advisory in all deals that they work on for us. Could not be better.”  -- M&A

 

MMA

MMA Advogados is active in project development.

The firm advised XPTT Brasil Construção de Sistemas de Energia Elétrica Ltda on the construction of transmission lines.

Key clients include Sepco Construções do Brasil, Apollo Tubolars and Sinopec.

Monteiro Rusu Cameirão Bercht & Grottoli Advogados

Monteiro Rusu Cameirão Bercht & Grottoli Advogados is active in banking and capital markets.

The firm has advised Banco Itaú and Candeias Energia on Candeias Energia’s debentures issuance.

Key clients include Banco BTG Pactual, Banco de Investimentos, Banco Bradesco and Banco Votorantim.

Client feedback

“The law firm is a boutique and the partners participate actively in the structuring of the transaction, providing tailor made and senior service to their clients. The main weakness is that the law firm is not full service and thus limited to its area of expertise.”  -- Banking 

“The law firm stands out for the technical knowledge of its professionals and also the quality and agility of its answers and opinions.” - Banking 

Moura Tavares Figueiredo Moreira & Campos Advogados

Moura Tavares Figueiredo Moreira & Campo Advogados is active in M&A, banking and bankruptcy.

In banking, the firm advised financial institutions but the clients and the transactional details were confidential.

In one highlight M&A deal, the firm advised a company on the sale and acquisition of ownership interest. The client names were confidential.

Client feedback

“Lawyers with high experience. Knowledgeable in several practice area.”  -- Banking

“Complete, methodical, advisable, with good professionals and fair price.” - Corporate restructuring 

Muriel Medici Franco Advogados

Muriel Medici Franco Advogados is active in restructuring and insolvency.

The firm advised Deutsche Bank and Banco Alemãno on a judicial restructuring procedure.

Key clients included Braskem and FMC Química do Brasil,

Navarro Advogados

CaselliNavarro Advogados is active in capital markets and M&A.

In one highlight capital markets, the firm advised Nex Group on the issuance of real estate receivables.

In M&A, the firm advised Vertico Shopping on the acquisition of shares.

Significant clients include Lyon Capital, AR Capital, Nexgroup, Esser Holding, WTorre Engenharia e Construção and Ricardo Conte.

NBF|A - Neiva Barros & Figueiró Advogados

Neiva Barros & Figueiró Sociedade de Advogados is a strong M&A firm. In addition, the firm is also active in project development.

The M&A team advised DAT-Schaub on the Brazilian aspects of its acquisition of stakes in several companies in Spain, Brazil, Chile and Colombia.

In project development, the firm advised Atlas Renewable Energy on the implementation of two photovoltaic plants.

Partners Tomás Neiva, Rosilane Barros and Marcela Figueiró founded the firm.

Key clients included GPEXPAN, Surteco and Interior Services Group.

Perlman Vidigal Godoy Advogados

Perlman Vidigal Godoy Advogados is active in capital markets, banking, M&A and restructuring and insolvency.

In one highlight capital markets deal, the firm advised Banco BMG on a debentures issuance.

The M&A team advised Notre Dame Intermédica Saúde on the acquisition of equity interest in Cruzeiro de Sul.

In restructuring and insolvency, the transactional details were confidential.

Significant clients include Capital Group, Fema2 Investimentos and Acesso Soluções de Pagamento.

Pinheiro Guimarães

While active in several areas, Pinheiro Guimarães Advogados is considered especially strong in banking and finance matters.

On financing transactions, the firm primarily advises the banks, though sometimes advises issuers and borrowers.  The firm taps into the structured finance area through its advice to clients on CRAs and CRIs. The firm also works on the offer of debentures, notes and shares. Debt restructurings have also been an active area for the firm.

One key M&A deal involved the firm’s advice to Citibank on the sale of its retail business in Brazil.

The firm’s projects team has been active on financing and development matters related to renewable energy plants. In one deal, the firm helped EDP Energias do Brasil with its participation in an auction for transmission lines.

The firm advises the likes of Bradesco, Standard Chartered Bank and Banco Itaú.

Client feedback

"Good cost value, sector expertise, and availability." - M&A

André Sigelmann

“Business oriented and highly skilled. Always available to counsel clients. Needs to be more efficient in billing the works requested.”

Pinheiro Neto Advogados

Pinheiro Neto Advogados is a leader in capital markets, banking, M&A and project development.  

The firm’s banking team has been active on credit facilities and structuring investment funds. The firm has also tapped into the fin-tech market through its advice to Neon.  

In capital markets, the firm has been active on green bonds, infrastructure debentures, CRAs, equity deals and international notes offers.  

One M&A highlight is the firm’s advice to Natura with forming a share purchase agreement to acquire shares in the The Body Shop. 

The firm’s projects team has been active on EPC turnkey agreements in relation to airports dams and other projects. 

The firm advises the likes of Nubank, Brookfield and The Dow Chemical Company.  

Ramos & Zuanon Advogados

Ramos & Zuanon Advogados is active in M&A and banking.

The firm advised Diniz Group on a corporate restructuring.

Key clients include Augusto Pires, Marcos Antonio Vimercati and CZ Comércio de Cereais and Cláudio José Zancanaro.

Rayes & Fagundes Advogados

Rayes & Fagundes has an active M&A practice, but all transactional details are confidential. The firm works in a range of sectors, but over the research period has worked in the energy, automotive and telecommunication sectors, among others.

Client feedback

"The lawyers are responsive, client focussed, and solution-oriented. Working with them has made the challenging process of incorporation and starting operations in Brazil easier for a foreign entity to navigate." - Banking 

Santos Neto Advogados

Santos Neto Advogados is active in banking, M&A and restructuring and insolvency.

The firm’s banking team advised Crédit Agricole Corporate and Investment Bank as lenders on several loans.

In M&A, the firm advised an Asian fertilizers and seeds company on the acquisition of a division of Dow Agrochemical.

In restructuring and insolvency, the firm advised Machbert Equipmentos & Serviços on a judicial restructuring.

Key clients include ING Bank, Scotiobank, Bank of Tokyo – Mitsubishi, Banco BNP Paribas Brasil and European Sugar Trading Group.

Client feedback

“Very experienced lawyers, with a strong knowledge of the market and the legal treatment my institution would have internally.” - M&A

"Boutique firm which gives direct access to senior partners, offers hands-on advice, and has a very deep knowledge in specific areas such as commodity finance." - Banking

"They are so professional, dynamic, transparent and very fair." - M&A 

Scalzilli Althaus Chimelo Spohr Advogados

Scalzilli Althaus Chimelo Spohr Advogados is active in restructuring and insolvency, representing both debtors and creditors on judicial procedures. The transactional details were confidential.

Client feedback

"The law firm has expertise in judicial recovery and bankruptcy, as well as in regulatory matters. Provides quality and timely advice. Strengths: commitment, dedication, technical training, assertiveness, proactivity." - Judicial recovery 

Silveiro Advogados

Silveiro Advogados is an active M&A firm.

The firm advised Cesuca on the sale of its shares to Grupo Advent.

Key clients include HT Micron Semicondutores, Clínica Radiológica Cidade de Passo Fundo and Aquário Empreendimentos Imobiliários.

Sion Advogados

Sion Advogados is an active project development firm. The firm has worked on matters related to licensing, land acquisitions and EPC contracts. BHP Billiton is a key client of the firm.

Siqueira Castro - Advogados

Siqueira Castro Advogados is active in project development In addition, the firm is active in banking, M&A and restructuring and insolvency.  Aviation has been a significant sector for the firm.

The firm’s banking team provided financial assistance to Transmissora Aliança De Energia Elétrica.

In one highlight M&A deal, the firm advised Duratex on the acquisition of shares of Cêramica Urussanga and Massima Revestimentos Cerâmicos.

In project development, the firm represented Fraport Ag Frankfurt Airport Services Worldwide on the bidding for the concession of the airports of Fortaleza, Salvador, Florianópolis and Porto Alegre.

In restructuring and insolvency, the firm advised Cooperativa Agroindustrial de Estado do Rio de Janeiro on the process of judicial recovery.

Significant clients include Banco Opportunity, Banco Icatu, Stemac, Planeja Engenharia, Globosat Programadora, Companhia Distribuidora de Gás do Rio de Janeiro and Ceg Rio and Postalis.

Client feedback

“The main qualities of the office are linked to the competence and preparation of its main partners, who have a lot of experience. Another quality is the national coverage, which facilitates access to good lawyers in all of Brazil” – Corporate restructuring

Carlos Fernando Siqueira Castro

“The main contact with the office is through the partner Carlos Fernando Siqueira Castro. During a negotiation to carry out an investment in which there was a deadlock, the creativity and strategy recommended by the lawyer was decisive for the favorable conclusion of the business.”

Souza Mello & Torres

Souza Mello & Torres Advogados is active in capital markets, M&A and project finance.

In capital markets, the firm advised Copasa on the issue of debentures.

The M&A team advised pharmaceutical industry Farmoquímica on the acquisition of 80% of Divcom Pharma. 

In project finance, the firm advised UTE GNA I Geração de Energia on the financing of a thermoelectric generating plant.  

Key clients include LTM  Participações Empresariais, Laboratório Teuto Brasileiro and BBM Logística.

The firm was founded in April 2018 by Luis Antonio Semeghini de Souza, Carlos José Rolim de Mello and Clovis Torres.

Client feedback

“Souza Mello Torres is a new local firm. It mixes highly experienced lawyers with young partners ready to assist you and support you. All of them have coordinated some of the most high profile transactions in the last years.  Partners and associates are all versatile and able to give you guidance in every kind of transaction. More important, they really take your problem as theirs.  Contracts and documents are also drafted with high standards of technical care.”  --M&A        

Julio Queiroz

“Julio is a willing helper and his expertise is large. He practices M&A, private equity, investment funds and securities issuance with the same excellence.”

Stocche Forbes Advogados

Stocche Forbes is best known for its work on project finance and development matters. 

Most of the firm’s banking matters were in the energy and infrastructure sectors.  

The firm’s capital markets team has advised both issuers and underwriters with the issue of debentures and notes. The firm advised Raízen Energia with the issue of Rural Product Notes.  

The firm also has an active M&A team. One recent deal involved advising CA Investment in the acquisition of Eldorado Brasil CeluloseThe firms M&A team advised a range of private equity funds including Blackstone, One Equity Partners, and Vinci Partners. 

The projects team has been active on financing and development of projects in the telecommunications, aviation and energy sectors. 

This year the firm moves up a tier in the rankings for banking and M&A. 

The firm advises the likes of Citigroup Global Markets, Zurich Airport InternationalOdebrecht Óleo e GásBlackstone, One Equity Partners, and Vinci Partners. 

Client feedback

“Positives: Execution, problem solving, diligence, partnership/relationship. Negatives: international network.”  - M&A

“Highly specialised and dedicated team. Multidisciplinary teams working together to get a complex project financing structured in a short period of time.” – Project finance

 “They have a deep understanding of the legal framework within Brazil and the flexibility to deliver solutions that work for both the banks and the sponsor. They are straightforward and usually avoid losing time in technical details that will yield nothing tangible for either party.”  – Project finance

Miriam Signor

“Excellent and dedicated. Pro deal and hard worker. Always available.”

Luiz Felipe Costa

“Positives: Negotiation skills, relationship, execution.”

Frederico Moura

“He is a true conciliator between the sponsor’s and the bank’s position. He is always able to reach a quick and acceptable solution.”

Laercio Michenika and Joao Villa.

"Both extremely dedicated and with great knowledge of legal matters in the energy sector."

 

Tauil & Chequer Advogados - Mayer Brown

Tauil Chequer Advogados has a leading project finance practice. The firm is also active in banking, capital markets and M&A.

In banking, the firm advised Banco Santander, Banco Bradesco and Itaú Unibanco on the debt restructuring of Enfil.

Most of the firm’s project finance transactional highlights focus on advising the lenders, but the firm has also advised borrowers and developers. In one highlight project finance deal, the firm advised GE – Energy Financial Services on the financing of the thermoelectric complex project at Porto de Sergipe I.

Significant clients include General Electric, KInea Investimentos, Banco BTG Pactual and Banco Credit Agricole do Brasil.

Client feedback

“Tauil & Chequer provided a superb service. They are always concerned with providing quick replies, tailored for the need of the company, mixing the legal aspects with the business side of the operation.” - Restructuring and insolvency

“They are very responsive and technically accurate.  They are available almost all the time and have a deep knowledge of our company’s business and culture.” - M&A

The firm has international expertise in oil and gas business. Its partners are very up to date lawyers with excellent worldwide networking.”  - M&A, Project development 

TozziniFreire Advogados

TozziniFreire Advogados is a strong banking, capital markets, M&A and project development firm.

The firm’s banking team has advised on loan agreements and has primarily advised the banks over the research period.

The capital markets team has been active in a variety of areas including green bonds, CRAs and CRIs, The firm also worked on the IPO of Despegar.com.

In M&A, the firm has been active on share purchase agreements, joint ventures and asset acquisitions. One deal saw the firm advise Renova Energia with the sale of Alto Sertão II complex's wind farms to AES Tiete Energia.

The firm’s projects team has worked on the development of projects in the transport, aircraft and renewable energy sectors, among others.

The firm rises to tier 2 in banking and capital markets this year.

The firm advise the likes of China Three Gorges, Citigroup Global Markets and Korea Development Bank.

Client feedback

“The law firm is extremely competent, and very responsive to inquiries from its clients.” - M&A

The work was outstanding, very diligent and with transparency in all aspects of the transaction. [The transaction] was complex." – M&A

“TozziniFreire is a solid law firm, with great and agile professionals, ready to support our business.” -  Project development

Marcela Ejnisman

“Marcela is an experienced lawyer and is prepared to support our business.”

“Outstanding experience in M&A and corporate with full dedication and commitment in these kinds of projects.”

Elysangela de Oliveira Rabelo

“Extremely competent, fast on response, focused on client needs. Expensive for the service.”

“Excellent work. She responds quickly to inquiries, and either takes care of the issue herself, or makes certain the problem is routed to the correct associate to assist.”

Trench Rossi & Watanabe Advogados

Trench Rossi Watanabe has a strong M&A practice. In addition, the firm is active in capital markets and restructuring and insolvency. The firm has also advised clients on the acquisitions of energy and infrastructure projects.

In capital markets, the firm advised Natura Cosméticos on the public offering of debentures.

In one highlight M&A deal, the firm advised Emerson Electric on the sale of Leroy-Somer and Control Techniques businesses to Nidec Corporation.

In restructuring and insolvency, the firm advised Banco ABN Amro on the judicial reorganisation proceeding of Zamin Amapá Mineração.

Key clients include Banco GMAC, Procter & Gamble, GCP Applied Technologies, Aegon USA, Export Development Canada, Oracle de Brasil Sistemas, Brookfield Energia Renovável and Canadian Solar.

Client feedback

"TRW has an M&A team of excellence. They staff the team adequately. Always assisted and the cost is adequate. Fees are adequate and they never broke the fee cap given. They are competent and knowledgeable about the industry. They are pro-active." - M&A 

"We have a great interaction with the firm, who understand our needs and have a deep knowledge of the market practice and benchmark with similar transactions. We are very comfortable with the quality and applicable rates." - Banking

Vaz Barreto Shingaki & Oioli Advogados

Vaz Barreto Shingaki & Oioli Advogados is strong in capital markets. The firm is also active in M&A and project finance.

In project finance, the firm advised Eólica Serra das Vacas, Eólica Serra das Vacas and PEC Energia on financing the construction of a wind farm complex.

The firm’s capital markets team often works on the issue of debentures and on asset-backed securities like agribusiness and real estate- backed receivables.  In one highlight capital market deal, the firm advised Companhia de Transmissão de Energia Elétrica Paulista on issuance of debentures.

In M&A, the firm advised Banco Cacique on its incorporation by Banco Société Générale Brasil.

VBSO hired partners Renato Buranello, Marcelo Winter and Evandro Pontes over the research period.

The firm rose to tier 3 in the capital markets ranking.

Significant clients include Banco Itaú, Banco ABC Brasil, Banco Sofisa, CIBRASEC and CCAB Agro.

Veirano Advogados

Veirano Advogados has strong projects and M&A practices and is also an active player on banking and capital markets deals.  

The firm’s banking team advises borrowers and lenders on debt restructurings, acquisition financings and refinancings 

The capital markets team has been particularly active on the issue of non-convertible debentures, but has also worked on infrastructure debentures, CRAs and real estate funds. The firm advises both issuers and underwriters. 

The firm has a strong M&A practice. The firm works in a range of sectors but retail, energy and oil and gas have been particularly active over the research period.  

The firm also has a strong projects practice, both in project finance and project development. The firm is particularly active on the financing and development of projects within the energy sector (power, electricity, renewable energy) but has also worked on development matters within the logistics and real estate sectors. 

The firm hired Ali El Hage Filho and Daniela Anversa as project development partners over the research period from BG Group and Rabobank, respectively. 

The firm advises the likes of Statoil, Standard Chartered Bank and JP Morgan. 

Client feedback

"Highly specialised professionals who are always aligned with current business and regulatory practices." - Project finance