After suffering derivative losses in the 2008-2009 crisis, Brazil’s Aracruz Celulose was purchased by Votorantim Celulose e Papel.
Category: Corporate & Sovereign Strategy
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BEST LOCAL CURRENCY FINANCING
Colombia paved the way for LatAm issuers in April with an $800 million 2021 equivalent global TES bond. It braved the market to issue the first global local currency deal from LatAm since 2007, according to Dealogic.
Posted inMagazine
BEST PRIMARY EQUITY ISSUE
Investors could be forgiven for forgetting that Mexico had an equity market, or at least one with new issuers.
Posted inMagazine
DEALS OF THE YEAR RESULTS
Biggest, tightest, longest, cheapest. Superlatives abound when describing LatAm capital markets and advisory for the last 12 months, and many bankers expect the good times to continue rolling.
Posted inMagazine
BEST PRIVATE EQUITY DEAL
In June, UK-based private equity giant Apax Partners, through its Dethalas vehicle, closed on its first investment in Brazil.
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COVER STORY: Local Currency Fixed Income Goes Global
Demand for local currency fixed income is back, tracking
appreciating LatAm currencies and flaring rates differentials. Structural shifts support the trend, but can it last?
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BEST FOLLOW-ON EQUITY
Love it or hate it, there was no avoiding the giant, black, viscous elephant in the room of LatAm equity last year.
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Uruguay to Reform Local Markets
Uruguay hopes to invigorate local capital markets with new legislation. The country’s vice president says public companies may soon list minority stakes locally.
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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.
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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.