Uruguay hopes to invigorate local capital markets with new legislation. The country’s vice president says public companies may soon list minority stakes locally.
Category: Corporate & Sovereign Strategy
BEST CROSS-BORDER M&A DEAL
In a year of significantly increased Chinese buying of LatAm assets, CNOOC’s purchase of 50% of Bridas was one of the largest South-South deals.
COMMENT: Year of the Panda
China Investment Corporation’s involvement in a consortium buying part of Brazil-based BTG Pactual marks a shift into financial assets for China.
BEST DOMESTIC M&A TRANSACTION
Braskem’s 2010 acquisition of Quattor Participacoes, Polibutenos and Unipar Comercial forges a new petrochemical giant in the Brazilian petrochemicals market.
PEOPLE: BoTM Beefs Up
Bank of Tokyo-Mitsubishi UFJ has named David Gruppo head of LatAm corporate and investment banking, a newly created position.
BEST PROJECT FINANCING
In just three months of extremely choppy external markets, Project Jaguar scored a coup.
BEST INVESTMENT BANK
Credit Suisse is back on top again, aiming to leverage relationships throughout emerging markets to further stoke the coals of its LatAm investment banking engine. The Swiss house coasts on rising revenue from M&A, equity and fixed income, but has not slipped into complacency.
BEST STRUCTURED FINANCING/INNOVATION
The State of Mexico (Edomex) in August issued a much anticipated 4.1 billion peso 20-year local bond, the first securitization of future flows of income from residential property fees from a Mexican state.
BEST BOND HOUSE
The rapidly rising tide of LatAm fixed income lifted all underwriters in 2010, creating at least four serious contenders for Best Bond House.
BEST LAW FIRM — LATIN AMERICA/MEXICO
New York-based Cleary Gottlieb Steen & Hamilton is no stranger to megadeals.
