Machado, Meyer, Sendacz e Opice Advogados in Brazil and Davis Polk & Wardwell from the US have helped Brazil's largest shopping centre operator, BR Malls, raise US$430 million in a public share offering.
Pinheiro Guimarães - Advogados and Skadden, Arps, Slate, Meagher & Flom LLP advised the underwriters - Itaú BBA, UBS Pactual, Santander and Citigroup – in the offering, which closed on the 1 July.
"An offering of this size in the midst of an economic crisis as this is a show of strength of the Brazilian capital markets," says Pinheiro Guimarães partner Ivie Moura Alves.
The deal is one of a series of recent share offerings in Brazil that suggest its markets are beginning to ease. Real estate developer MRV raised US$323 million in a share offer in June, followed a week later by Visanet's record-breaking US$4.3 billion initial public offering - the largest-ever IPO in Brazil, and the largest anywhere in the world so far this year.
BR Malls operates 34 shopping centres in Brazil. The company raised US$325 million in its IPO in 2007.
Counsel to BR Malls Participações
·          In-house counsel - Cláudia Lacerda
·          Machado, Meyer, Sendacz e Opice Advogados
Partner Carlos Motta and associates Michel de Almeida Porcino, Stéphanie Salcas Pepe, Felipe Gruber Ribeiro and Giovanna Modolin
·          Davis Polk & Wardwell
Partners Manuel Garciadiaz in New York and John Paton in London, associates Raymond Holst, Christine Graham, Catherine Martin, and foreign associate Helio Alvarez
Counsel to the underwriters
·          Pinheiro Guimarães - Advogados
Partners Francisco José Pinheiro Guimarães and Ivie Moura Alves and associates Maria Carolina Ricciardi, Raquel Pompêo de Camargo Villela and Luisa Cabral dos Santos
·          Skadden, Arps, Slate, Meagher & Flom LLP
Partners Dick Aldrich in São Paulo and Paul Schnell and Sally Thurston in New York, and associates Filipe Areno, Karina Romano and Olivier Nolens
(Latin Lawyer 09.07.2009)
(Notícia na Íntegra)