Category: News

According to Transactional Track Record’s latest Latin America monthly report, our member firms Barros & Errázuriz, Gómez-Pinzón and Mijares, Angoitia, Cortés y Fuentes have advised on three of the largest Venture Capital and Private Equity transactions of May 2022.

Javier Díaz, Vicente Cordero and Lucas Marinovic, from Chilean member firm Barros & Errázuriz, advised US equity group Avenir on Xepelin’s USD 111 million Series B funding round, marking the fintech start-up’s third capital increase in less than a year. The deal closed on May 2 and was highlighted as Chile’s largest Venture Capital transaction.

Colombian member firm Gómez-Pinzón and Mexican member firm Mijares, Angoitia, Cortés y Fuentes advised BID Invest and US private investment group Blue like an Orange in a USD 22 million financing package granted to grocery delivery company Merqueo. The Affinitas team that advised on Colombia’s second largest Private Equity transaction consisted of Daniel Londoño, Catalina Prieto, Silvia Robledo, Lorenza Langarica, Mariana Ávila, Fernanda Cid and Mauricio Gual.

With a team led by Ricardo Maldonado, Mijares, Angoitia, Cortés y Fuentes advised SoftBank’s Latin America Fund. on Mexican digital cargo platform Nowport’s USD 150 million Series C funding round, which made the start-up the country’s latest unicorn. This deal was highlighted as Mexico’s largest Venture Capital transaction.

To view the full report, click here.

Affinitas is pleased to announce that Barros & Errázuriz, Gómez-Pinzón and Miranda & Amado have been recognized for working on four matters that won Latin Lawyer’s Deal of the Year awards. Our member firms acted as counsel in the winning Mergers & Acquisitions: Private Companies Deal of the Year, Mergers & Acquisitions: Public Companies Deal of the Year, Private Equity Deal of the Year and Restructuring Deal of the Year transactions.

In the Mergers & Acquisitions: Private Companies Deal of the Year, Miranda & Amado advised Brazilian real estate platform Quinto Andar in the acquisition of Navent Group’s real estate operations in Argentina, Brazil, Ecuador, Panama, Peru and Mexico.

In the Mergers & Acquisitions: Public Companies Deal of the Year, Barros & Errázuriz acted as counsel of AT&T on the sale of its LatAm assets to Argentina’s Grupo Werthein.

In the Private Equity Deal of the Year, Miranda & Amado helped Brazilian infrastructure investor IG4 Capital acquire, through a tender offer on the Lima Stock Exchange and the New York Stock Exchange, a 12.29% stake in Peruvian infrastructure company Aenza. In addition, the buyer also acquired a 21.57% stake from members of the founding family and former executives of Aenza through the transfer of shares to a trust controlled by IG4 Capital under authorization from the Peruvian authorities and regulator, and by means of the signing of syndication agreements.

In the Restructuring Deal of the Year, Gómez-Pinzón acted as Colombian counsel to Avianca MidCo 2 Limited on the offering of USD 1’695,807,454  senior secured notes due 2028 (the “Exit Offering”). The Exit Offering was completed as part of Avianca Holding S.A.’s successful reorganization under Chapter 11 of the United States Bankruptcy Code (the “Reorganization Plan”).

Our Colombian member firm also advised Avianca in matters of Colombian law for the implementation of the Reorganization Plan, which was confirmed on November 2, 2021 by the United States Bankruptcy Court for the Southern District of New York.

Barros & Errázuriz, Gómez-Pinzón, Mijares, Angoitia, Cortés y Fuentes and Miranda & Amado have been recognized by the Latin American Corporate Counsel Association (LACCA) among the Top 5 leading law firms for Latin America’s biggest banks.

Out of the the top 50 leading financial organizations, ranked by assets in “Who represents Latin America’s biggest banks”, our member firms represent 24 as clients.

To view the full results of LACCA’s inaugural survey, click here.