Closing a transaction was enough to call it a success in 2008 as markets disintegrated. The LatinFinance Deals of the Year celebrate triumph over adversity.
Author Archives: LatinFinance Awards
Posted inMagazine
BEST CORPORATE LIABILITY MANAGEMENT
By the second quarter of 2008, the Dominican Republic’s capital markets, spurred on by three years of GDP growth rates topping 9%, had gradually become ripe for sizeable corporate issuance.
Posted inMagazine
BEST INVESTMENT BANK/M&A HOUSE
Extending three years of robust gains, Credit Suisse continues to monopolize the LatAm fee pool thanks to a senior team that appears to be burning the candle at both ends. In the full year 2008, it amassed $247 million in revenue from core investment banking – M&A, ECM and DCM – or 21% of the market, according to Dealogic. Second was UBS with $132 million, or 11%.
Posted inMagazine
BEST LOCAL CURRENCY FINANCING/STRUCTURED BOND
As LatAm expands, the road to infrastructure improvement would seem to run through the pockets of increasingly liquid pension funds.
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BEST BOND HOUSE
This is far from the most dynamic market in the history of LatAm DCM, but one shop has fought its way to the top, building on five years’ hard work. For the first time ever, HSBC is our Bond House of the Year, and its global reach and heavy balance sheet leave it in a strong position for 2009.
Posted inMagazine
BEST PRIMARY EQUITY ISSUE
Despite highly volatile market conditions, the initial public offering of Brazil’s OGX Petroleos in June was a smash hit. The company raised a total of $6.7 billion, making it the largest IPO ever in Brazil.
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BEST LOAN HOUSE
The 12 months through October 2008 marked a turning point for LatAm syndicated loans. The period is characterized by extreme turbulence that rattled its participants, upended deals, and shifted the rankings of leading institutions.
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BEST PRIVATE EQUITY DEAL
Every year LatAm’s fledgling private equity industry witnesses something new like LBOs or the establishment of regionally-focused platform companies, such as Arcos Dorados.
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BEST EQUITY HOUSE
While 2008 saw a dramatic reduction in the number of LatAm IPOs and follow-on offerings compared to 2007, the past year brought a handful of unusual and notable deals that mark an advance for the region as a whole.
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BEST CROSS-BORDER M&A
The $1.3 billion acquisition of Chilean electricity distributor Grupo Saesa by Morgan Stanley Infrastructure (MSI) and Ontario Teachers’ Pension Plan (OTPP) from New Jersey-based PSEG shows that financial investors can beat strategics when it comes to buying infrastructure-related companies.