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TermoBahia - recently assisted the Inter-American Development Bank with its US$ 186 million financing of the thermoelectric project TermoBahia. The power plant project is import in Brazil's strive for installed capacity stability incorporating environmental safeguards. The TermoBahia project was named as "Project of the Year" by Project Finance magazine.
Araucária - providing legal assistance to OPIC and the US EXIMBANK in the US$278 million secured financing for UEG Araucária's combined cycle gas-fired power plant to be built near Curitiba in the State of Paraná.
Cuiaba II - Financing, project development, construction and operation of a gas-fired combined-cycle electrical generating station and pipeline transporting gas from the Bolivia - Brazil border at San Matias, Brazil to the generation station located in Cuiabá, MT.
Privatization
Banespa - assisted the Brazilian government in the record-breaking US$ 3.7 billion sale of the bank Banespa to the private Spanish group Banco Santander Central Hispano. The firm worked on structuring the models for the sale of the, at that time, Government controlled bank. The transaction was named as "Deal of the Year" for 2000 by Latin Finance magazine*.
* - Latin Finance, Feb. 2001
Banestado - assisted with the privatization of the Paraná State Bank (Banestado). The firm worked on all the aspects involved with the sales of the shares of the bank as part of the privatization process. The bank was acquired by Banco Itaú S/A for a total of US$833 million.
Hydroelectric Project
AES Tiete - Legal consultancy regarding a stand-by facility, including insurance for the structuring of project finance.
Securitization
Inter-American Investment Corporation & Brazilian Mortgages Companhia Hipotecária & Brazilian Securities Companhia de Securitização - Financing the expansion of Companies' business activities of providing loans to real estate projects and securitizing developers' and bank's real estate receivables. Acquisition of mortgage-backed securities from Brazilian Securities Companhia de Securitização for the purpose of developing a secondary mortgage market in Brazil in the amounts of US$ 300,000,000 (subordinated loan), US$ 200,000,000 (subordinated loan), and US$ 10,000,000 (revolving credit facility).
Inter-American Investment Corporation & Leasecorp El Camino Arrendamento Mercantil S.A. - Funding Company's lease transactions with small and medium-size eligible lessee companies in Brazil in the amounts of US$ 6,400,000 (principal loan) and US$ 1,600,000 (subordinated loan).
Inter-American Investment Corporation & Serviços Financeiros Imobiliários Ltda. - Financing the expansion of Companies' independent mortgage servicing business in the amount of US$ 1,000,000 (subordinated loan).
Capital Markets
PETROBRÁS - Public offering of shares - BNDESPAR - Petrobrás - Legal services on behalf of Rogers & Wells, a NY law firm, in the public offering in the NY Stock Exchange of 1,800,000,000 Preferred Shares owned by BNDESPAR in the Petróleo Brasileiro S.A. - PETROBRÁS, in the form of American Depositary Receipts and Preferred Shares, in the total amount of US$ 528,748,000.00.
PARMALAT - Public offering of shares distributed by Parmalat Capital Finance Limited on the Milan, London and New York stock exchanges. Legal services in connection with the transactions contemplated in the preliminary Offering Circular pursuant to which Parmalat Capital Finance Limited (the "Issuer") offered 3,000,000 Series A; 4,000,000 Series B and 100,000,000 Series C, in the form of Preferred Shares, in the total amount of approximately US$ 350 millions.
M & A
CGD & BANCO BANDEIRANTE - The acquisition by Caixa Geral de Depósito of the controlling interest in Banco Bandeirantes S/A and its subsidiaries.
FATOR & DORIA ATHERINO - The acquisition by Fator S.A. Corretora de Valores e Câmbio of the controlling interests in Doria & Atherino S/A Corretora de Câmbio e Valores Mobiliários and Dória & Atherino Corretora de Mercadorias Ltda., and then the subsequent merger of Fator Corretora with Dória & Atherino Corretora.
Grupo Makhteshim-Agan & Herbitécnica - The acquisition by Makhteshim-Agan Participações S/C Ltda., which is a company in Grupo Koor, of 49% of the capital of Herbitécnica Defensivos Agrícolas S/A. Subsequently, Makhteshim-Agan purchased enough shares to secure a controlling interest in Herbitécnica.
Insolvency & Restructuring
SINGER DO BRASIL LTDA - Participation in the task force which advised SINGER DO BRASIL LTDA. during the composition with creditors ("concordata") proceeding the structuring of foreign securitization transactions and in the agreement with domestic creditors allowing the extension of financial liabilities on interest rates bearable for the company.
Barramar S/A - Restructuring of a U$200 Million debt of one of the largest optical cable network in Brazil on behalf of its principal creditor, including the renegotiation of debt, litigation, and restructuring of the business in the State of São Paulo.
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