Machado Meyer Advogados in Rio de Janeiro has helped Petrobras sell an oil field for US$665 million to Australian oil company Karoon, which obtained a reserve-based credit agreement to fund the purchase.

The buyer relied on Tauil & Chequer Advogados in association with Mayer Brown Rio de Janeiro. The deal closed on 24 July.

(Latin Lawyer)

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Several offices from Clifford Chance LLP and Graça Couto Advogados in São Paulo have helped Spanish investment manager Asterion close the Brazilian leg of a US$616 million global data centre deal with Telefónica that involved acquisition financing at closing. 

Telefónica relied on Uría Menéndez in Madrid, Bilbao and Lisbon and Machado Meyer Advogados in São Paulo.

(Latin Lawyer)

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Paul, Weiss, Rifkind, Wharton & Garrison LLP in New York; Machado Meyer Advogados in São Paulo; Brigard Urrutia in Bogotá; and Marval, O'Farrell & Mairal in Buenos Aires have helped Japanese technology fund SoftBank invest up to US$1 billion in Latin American food delivery start-up Rappi.

Rappi relied on Cooley in New York for the deal, which was signed on 30 April. Simpson Thacher & Bartlett LLP and Galicia Abogados are also thought to have represented the start-up, but this could not be confirmed prior to publication.

(Latin Lawyer)

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Lobo de Rizzo Advogados has helped education investors Arco acquire school content provider Sistema Positivo de Ensino for 1.6 billion Brazilian reais (US$410 million).

The sellers, Grupo Positivo, hired Machado Meyer Advogados. The deal was announced on 7 May and needs antitrust clearance. Arco will pay 50% of the total acquisition price when the transaction closes. The remainder will be settled in yearly instalments lasting until 2024.

(Latin Lawyer)

To read the full article, click here.