Capital Markets: Debt
Brazil Guide 2024 : Brazil
Band 2
About
Provided by Lobo de Rizzo Advogados
Our team provide extensive advice on structured transactions, prepayment, import and export financing, project finance, syndicated loans, financial and operational leasing, and derivatives, among other structures. We advise our clients in capital market transactions, such as initial public offerings (IPOs) and subsequent stock offerings (follow-ons), BDRs and other securities, issuances and offerings of debt securities and securitization transactions, including bonds, debentures, promissory notes, and real estate and agribusiness receivables certificates, as well as public takeover bids.
REVIEW OF 2023
In Brazil, the capital markets area has been influenced by a series of economic, political, and global factors. Volatility and global uncertainty have hit companies and investors in the country. Economic reforms in Brazil are also being awaited, with 2023 marking the start of discussions and implementation. The IPO market is also influenced by high-interest rates, which continue to be a disincentive.
Despite the challenging scenario, our capital markets team remained cohesive, working with long-standing clients and new partners.
We completed an incredible number of closed deals.
In the infrastructure sector, Aegea (waste company) and in the highways area Energy, especially investments in renewable sources, Hypera (pharmaceutical sector)t, Banks and securitization companies remain important clients and partners in this area.
Chambers Review
Lobo de Rizzo Advogados is a multidisciplinary team that wins acclaim for the level of its experience advising financial institutions acting as underwriters on listings of debt securities. The team is renowned for its advice on the public offering of debentures, being particularly active in the issuance of high-value infrastructure and sustainable debentures, as well as commercial notes, CRI and CRA.
Work Highlights
- Lobo de Rizzo Advogados assisted Itaúsa and other banks with the issuance of infrastructure debentures worth BRL8 billion.
Strengths
Provided by Chambers
"The team offers a high level of regulatory knowledge, extensive transactional operational experience and great accessibility. The lawyers are extremely competent and experienced."
"Proactivity, constant presence of the partner responsible for the project, knowledge and technical ability to solve issues; they mitigated problems and delivered results very quickly and assertively."
"They are knowledgeable of current regulations and changes. Pro-business vision, applying legal concepts in a creative way. The team navigates regulatory and business complexities well."
"The team offers a high level of regulatory knowledge, extensive transactional operational experience and great accessibility. The lawyers are extremely competent and experienced."
"Proactivity, constant presence of the partner responsible for the project, knowledge and technical ability to solve issues; they mitigated problems and delivered results very quickly and assertively."
"They are knowledgeable of current regulations and changes. Pro-business vision, applying legal concepts in a creative way. The team navigates regulatory and business complexities well."
Notable Practitioners
Partner Maria Costa Neves Machado is sought after for her solid offering in debt transactions, with a particularly strong offering inemission of debentures, CRI and CRA.
"Maria is always available, provides prompt service with technical knowledge. She is well known in the market."
"I really like her work and approach with clients. I highly recommend her."
Milton Pinattiis a lawyer with experience dealing with mandates involving green bonds, debentures and commercial paper.
"Milton is exceptional. He is helpful, has a strong commercial vision and experience, as well as creativity in solving adversities."
"Milton had a good technical knowledge and can navigate very well the commercial market."
Ranked Lawyers at
Lobo de Rizzo Advogados
Brazil
Members
Provided by Lobo de Rizzo Advogados
André Ramos Bedim
Gustavo Cunha
Gustavo Silveira Cunha
Maria Costa Neves Machado
Mariana Cano Assef Donini
Milton Pinatti Ferreira de Souza