by RUMSEY, Lulu

While 2013 was characterised by a hyperactive equity market in Mexico, buoyed by fairly positive signs from capital markets in Brazil, 2014 represented a gloomier affair. The region’s two largest economies didn′t report their first IPOs of the year until mid-year and both remained decidedly quieter than in the previous 12 months.


In spite of the slow year, offerings by regional companies with assets in Brazil kept capital markets groups there occupied: Machado, Meyer, Sendacz e Opice Advogados was recruited along with Davis Polk and Colombia’s Suárez Zapata Partners Abogados to help regional oil and gas company GeoPark when it made its US$95 million IPO on the New York stock exchange in February.