« Voltar « Back

Law Firm of the Year: Brazil - Pinheiro Neto

Por: LatinFinanceImprimirVisualizar em PDF

With the recovery of Brazil's economy and stock exchange trading at the highest level in history, 2017 proved to be a busy year for Brazilian lawyers. "This year was different," says Alexandre Bertoldi, a managing partner at Pinheiro Neto.

The law firm worked on some notable deals in Brazil across different financial instruments, including the return of Brazilian national development bank BNDES to the cross-border bond market with a $1 billion green bond after a three-year absence. Pinheiro Neto also worked on Natura's €1 billion ($1.11 billion) acquisition of The Body Shop from L'Oréal.

The firm added six new partners to accommodate growth, Bertoldi says. Despite optimism that activity will continue smoothly until July, October's presidential elections could bring uncertainty. Brazil "might have a candidate against foreign investment and privatizations, or we might have the prospect of three to five excellent years if we get a candidate who believes in the markets," he says.

Similar to 2017, some of the bigger Brazilian corporates will likely undertake liability management exercises — including maintaining divestment programs — to reduce leverage, he says.

Bertoldi expects the availability of spinoffs will spur a step up in M&A activity. Buyers "will tap the capital markets to finance acquisitions" since banks haven't resumed lending, he says. LF

Faça parte do nosso mailing Join our mailing Receba em primeira mão publicações
e comunicados do escritório
Get firsthand publications
and communications office

São PauloRua Hungria, 1100
Tel: +55 (11) 3247-8400
Fax: +55 (11) 3247-8600ver mapasee map

Rio de JaneiroRua Humaitá, 275 - 16º andar
Tel: +55 (21) 2506-1600
Fax: +55 (21) 2506-1660ver mapasee map

BrasíliaSAFS, Qd. 2, Bloco B
Ed. Via Office - 3º andar
Tel: +55 (61) 3312-9400
Fax: +55 (61) 3312-9444ver mapasee map

Palo Alto228 Hamilton Avenue - 3rd floor
CA 94301 USA
Tel: +1 650-798-5068ver mapasee map

Tóquio1-6-2 Marunouchi
Chiyoda-ku - 21st floor
Tokyo – Japan
tel: +81 (3) 3216 7191ver mapasee map

Termos de Uso
Política de Privacidade