News and Updates

07 Sep 2017

Veirano Advogados on telecoms investment

News
Veirano advises Cartesian Capital, a private equity firm from New York, on its acquisition of minority stake in Aloo Telecom in Brazil. We understand the deal was valued at $75 million. Aloo was advised by TozziniFreire.
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30 Aug 2017

Financing of Peru’s metro

News, USA, ,
Clifford Chance advised Mizuho Bank and Sumitomo Mitsui Banking Corporation on the US$396 million financing for the expansion of the Line 1 of Lima's metro. Line 1 will make improvements to civil infrastructure and rolling stock, including trains and cars that will be designed, built, operated and maintained by the concessionaire GyM Ferrovías S.A., owned by Graña y Montero S.A.A. and Ferrovías as Participaciones S.A. Clifford Chance previously advised on the financing of Line 2 of the Lima and Callao Metro project in Peru, which was the largest international financing of a Peruvian infrastructure project. Partner Gianluca Bacchiocchi led the team…
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29 Aug 2017

Mexican renewable energy financings

News, USA,
Norton Rose Fulbright New York and Mexico City offices advised lenders: Inter-American Investment Corporation (IIC), acting on behalf of the Inter-American Development Bank (IDB) Group; the International Finance Corporation (IFC), the Bank of Tokyo Mitsubishi UFJ Financial Group (MUFG); and Mexican development banks Banobras and Bancomext in the US$230 million financing of the development, construction and operation of three major renewable energy projects. The projects, all based in Aguascalientes, Mexico are 150 MW Solem One and 140 MW Solem Two solar PV projects. The projects are sponsored by Cubico Sustainable Investments Limited and Alten R.E. Developments America B.V.
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21 Aug 2017

Vista makes IPO in Mexico

News,
Vista Oil & Gas has been assisted by Latham & Watkings and Creel, Gacria-Cuellar, Aiza y Enriquez SC in raising US$650 million. Vista is the first investment company to be listed on the Mexican Stock Exchange. The company has the backing of Riverstone Capital, a US private equity firm.  
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21 Aug 2017

Labour Reform Brazil

News,
A new labour code has been approved in Brazil. By implementing a less restrictive employment rules the reform aims at creating new jobs, thereby reducing unemployment rates. The new law comes into effect in November 2017. The new code covers regulation on remote work, part-time work, intermittent work and equal pay among other areas.
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