BY JOACHIM BAMRUD
Mergers and acquisitions in
What is the outlook for the second half of 2010? What countries and what markets will drive M&A activity in
Shearman & Sterling and White & Case were the top
Among major Latin America deals, Brahmst has advised Brazil-based Votorantim Participações S.A. in a US$1.1 billion share exchange transaction; Brazil-based COSAN S/A Industria E Comercio in connection with its acquisition of Esso Brasileria de Petroleo Limitada for US$890 million; Votorantim Cimentos North America, Inc., one of the world’s largest cement companies, in the acquisition of 100 percent of the equity of Prestige/AB Ready Mix, LLC and Prestige Gunite Inc, two Florida-based cement companies, together with their affiliated entities for US$225 million and Consorcio Comex S.A. de C.V., Mexico's largest paint manufacturer, in its acquisition of Professional Paint, Inc, a leading manufacturer and distributor of architectural paints and coatings, from New York private equity boutique Jordan Co.
Lozano has advised Japan-based Marubeni Corporation in its approximately $1.3 billion acquisition of a 30 percent stake in two copper mining companies in Chile from Antofagasta plc;
McGuinness has advised Indústrias Romi SA, the Brazilian machine tools manufacturer, in its unsolicited offer to purchase the US company Hardinge Inc.; CSN, the Brazilian steel company, on the US law aspects of its unsolicited $5.6B offer to purchase, Cimentos de Portugal, SGPS, SA and JBS in its $2.8 billion acquisition of a majority stake and certain assets of Pilgrim’s Pride through a U.S. bankruptcy proceeding.
Del Pino recently represented a large multi-national corporation in a number of complex acquisitions and joint ventures in the Latin American banking sector and a number of private equity and hedge funds in connection with investments and exits in
STRONGER THAN LAST YEAR
Latin Business Chronicle: How did your firm do in terms of M&A activity in
Paola Lozano: We had high hopes. We were clear that it was unlikely that we would see 2007 levels of M&A activity, but were very optimistic. As we look through the first six months of the year...