Nuestra Firma es reconocida como líder en mercado de capitales obteniendo el segundo lugar por volumen de transacciones en el Latin Lawyer capital markets league table 2018. Felicitamos a todo el equipo y agradecemos a nuestros clientes por su confianza.

Some 150 Latin American and international law firms have helped companies in the region raise more than US$200 billion through nearly 800 debt and equity capital markets deals throughout 2018, according to Latin Lawyer data.

Companies in Brazil raised the most money in 2018, worth a combined US$92 billion through nearly 500 transactions. Brazilian outfits Pinheiro Neto Advogados and Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados top the league table among the Latin American firms. They worked on 103 and 89 deals, respectively. Both firms also outpaced other local outfits by combined deal value – Pinheiro Neto worked on deals worth US$29 billion, while Mattos Filho’s combined deal worth was US$18 billion. Among international firms, Cleary Gottlieb Steen & Hamilton LLP and Shearman & Sterling LLP worked on the most deals. Cleary landed a place on 42 transactions, raising US$56 billion, while Shearman worked on 28 deals, worth nearly US$44 billion.
Despite the US Federal Reserve raising interest rates, lacklustre regional GDP growth and uncertainty over presidential elections in four of the five biggest Latin American economies, there were a number of large debt transactions throughout the year. From the

corporate world, state-owned oil and gas companies Pemex in Mexico and Petrobras in Brazil made the largest offerings. Heavily indebted Pemex hired Cleary to issue US$4 billion and tender previously issued notes worth US$1.8 billion in early 2018. Shearman and Mexican law firm Ritch, Mueller, Heather y Nicolau, SC also got a place on that deal. In Brazil, Cleary and Shearman were involved in Petrobras US$4 billion tender offer in March, advising Petrobras and the banks respectively. Hogan Lovells LLP assisted Petrobras too, while the banks hired Pinheiro Neto. Shearman’s Latin America practice head and well-recognised capital markets partner, Antonia Stolper, says 2018 saw some major deals despite a complicated year. “The Federal Reserve raised interest rates, which is something that always has an immediate negative impact on the Latin American capital markets,” she says. “State-owned companies Pemex and Petrobras are always in the market,” she adds. “They are big users of capital.”