12 March 2009
Two Latin American transactions for which Mayer Brown attorneys provided legal counsel were selected as the best in their respective categories in Project Finance magazine’s Project Finance Deals of the Year 2008 Americas. The awards ceremony was held at Cipriani Wall Street in New York before a crowd of nearly 250 people on March 5.
The overall Latin American Deal of the Year 2008 and Latin American Transport Deal of the Year 2008 was awarded to ViaQuatro’s Sao Paulo Metro Line IV concession, the first public-private partnerships to be executed in Brazil. Mayer Brown provided legal counsel to the sponsor, Companhia de Concessões Rodoviárias.
The Mayer Brown deal team was led by partners Stephen Hood and James Vickers in São Paulo, Brazil. Associates Daniel Spencer, Philip Searson and Carolina Niemeyer from the São Paulo office were also key members of the deal team.
In the Latin American Acquisition Deal of the Year 2008 category, the award went to Advent International’s acquisition of Aeropuertos Dominicanos. The acquisition, funded with equity from Advent and debt financing from The Bank of Nova Scotia and ING Capital LLC, represents the first leveraged buyout in the Dominican Republic and an important step in the development of the Caribbean infrastructure market.
Mayer Brown advised The Bank of Nova Scotia as global coordinator, joint lead arranger and lender in connection with the $350 million syndicated credit facility. Proceeds of the credit facility provided a portion of the financing used to acquire the operator of six airports in the Dominican Republic.
The Mayer Brown deal team was led by partner Douglas A. Doetsch and included associate Stephanie Roark and foreign associate Cinthia R. Rodriguez Silva, with support from associate Brian Green.
“Latin America continues to be an active region for project finance work, especially in the infrastructure sector,” said Mr. Doetsch, co-head of Mayer Brown’s Latin America practice. “Mayer Brown advises on a number of high-profile project finance projects in Latin America and we appreciate being recognized for our work.”
“We are honored to have worked on deals recognized as some of the best by a leading publication,” added Mayer Brown partner Barry Machlin, co chair of the firm’s Global Projects Group practice. “It’s a testament to the hard work of the attorneys in our Project Finance and Latin America practices, who have years of experience helping our clients get complex deals done across the globe.”
“Via Quatro was the first internationally financed deal under the Brazil PPP arrangements,” said Mr. Hood. “Infrastructure investment projects such as the Sao Paulo Metro Line IV concession will continue to grow as companies and government forge these kind of partnerships to benefit the public. It’s an honor for me personally and for the rest of the Mayer Brown team to have worked on such a groundbreaking deal.”
Mayer Brown’s Global Projects Group continues to be involved in innovative projects around the globe in a variety of sectors, including power, oil and gas, mining, telecom, roads and motorways, ports, petrochemicals, wind, water and industrial manufacturing. The Global Projects Group also has a particular strength in Latin America. The firm advises U.S. and European companies and financial institutions with business interests in the region, as well as a wide range of corporations and financial institutions headquartered in Latin America.