Global Brazil Capital Markets

Lefosse Advogados has a cutting-edge practice held in high regard for its skill in handling both equity and debt capital markets instructions. It is well versed in acting for international investment banks and major Brazilian corporate issuers on IPOs and secondary and follow-on offerings, with considerable experience in dual listings. Its expertise extends to tender offers for shares. Its team is also very active assisting clients with private placements and public offerings of debt securities, including senior notes and debentures. Its lawyers additionally advise on securitisations involving agribusiness and real estate receivables certificates.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados is a prestigious full-service firm with a stellar practice advising on all types of securities instruments. It remains a market leader for equity work, representing prestigious clients in IPOs and follow-on offerings. Its deep bench is regularly sought out by major national and international investment banks as well as corporate issuers. It also has a vibrant DCM practice, routinely advising on private placements, public offerings of promissory notes and debentures, as well as sustainability-linked bonds. Its expertise extends to complex securitisation transactions involving agribusiness and real estate receivables certificates.

Pinheiro Neto Advogados is a pre-eminent full-service firm with a flourishing capital markets practice. It gains outstanding recognition for its ability to handle sophisticated cross-border securities transactions and it stands out for its activity on ECM mandates, advising on IPOs and follow-on offerings. It also demonstrates its prowess in the DCM arena, providing counsel on the issuance of promissory notes, debentures and green bonds. It remains a popular choice among Brazilian and international investment banks acting as arrangers and underwriters. It also acts for major corporate issuers hailing from industries such as energy, cosmetics and retail.

Cescon, Barrieu, Flesch & Barreto Advogados has a highly rated capital markets department within a full-service firm equally comfortable representing issuers or underwriters in local and cross-border deals. It is extremely active in DCM instructions, demonstrating considerable know-how in a variety of debt instruments, including debentures and promissory notes. It is particularly sought after by energy and infrastructure companies to assist with bond offerings to finance projects. Its expert team has additional prowess in equity work, handling IPOs and follow-ons. Its lawyers are also active in securitisations, routinely advising on the issuance of agribusiness receivables certificates.

Machado, Meyer, Sendacz e Opice is an esteemed full-service firm with a strong capital markets practice handling both debt and equity mandates. It is equally comfortable providing counsel to domestic and multinational underwriters, as well as corporate issuers. It frequently advises on domestic and cross-border listings of debt securities, including high-value offerings of senior and subordinated notes, bonds and infrastructure debentures. Its lawyers also assist with follow-on offerings of shares in Brazilian companies, as well as tender offers.

Pinheiro Guimarães is a highly skilled finance boutique with a celebrated track record in the Brazilian capital markets. It predominantly acts as underwriters' counsel, representing major Brazilian and international investment banks. It is particularly active in debt capital markets, advising on sizeable public offerings of notes and non-convertible unsecured debentures, as well as issuance of sustainability-linked bonds. It also showcases considerable know-how in securitisations, including the public offering of both real estate and agribusiness receivables certificates. The team is additionally active advising on some notable equity mandates, providing counsel to issuers on IPOs and secondary offerings.

BMA – Barbosa, Müssnich, Aragão has a well-reputed capital markets practice representing both corporate issuers and financial institutions acting as underwriters in a variety of transactions, with particular prowess in handling cross-border public offerings of shares with restricted placement efforts. Its clients additionally benefit from the team's ability to advise on matters involving debt securities, including the issuance of senior notes and debentures. Its lawyers also handle securitisations such as the issuance of agribusiness and real estate receivables certificates.

Demarest Advogados has a well-established capital markets practice enjoying a strong reputation among companies from a diverse range of sectors, especially the energy industry, as well as leading banks and financial institutions, owing to its expertise in handling securitisations. It is extremely active handling issuances of agribusiness receivables certificates. Its experienced team additionally assists clients with DCM mandates involving offerings of debentures and promissory notes, as well as ECM matters, including IPOs and follow-on offerings.

Tauil & Chequer Advogados in association with Mayer Brown has a noteworthy capital markets practice primarily representing corporate issuers, notably from the energy and infrastructure sectors. The team is very active assisting clients with the issuance of debentures to finance projects. The department also works in conjunction with Mayer Brown's New York office to handle international IPOs and follow-ons involving Brazilian companies. It is increasingly active in the securitisation space, assisting with the issuance of agribusiness and real estate receivables certificates.

TozziniFreire Advogados is a full-service firm with a solid capital markets practice providing counsel to a strong roster of banking clients acting as underwriters. It also represents important corporate issuers. It has notable activity assisting with a variety of debt securities placements, including promissory notes, green and social bonds and public offerings of debentures, often in the context of financing or refinancing infrastructure and renewable energy projects. It also handles securitisations, in particular agribusiness receivables certificates.

Madrona Advogados joins the rankings this year. It is best known for its securitisation work, most notably that which involves real estate and agribusiness receivables. Its key clients include financial institutions, private investment firms and publicly held companies. The team has additional expertise in DCM matters, assisting clients with the issuance of debentures and bonds, including sustainability bonds. Marcelo Cosac, Leonardo Di Cola and Nair Veras Saldanha are key contacts in the firm.

Trench Rossi Watanabe is a full-service firm with a respected capital markets practice entering the rankings this year following solid market recognition. The firm offers expertise across a range of ECM and DCM matters, but it is particularly noted for its equity transactions, including IPOs and follow on offerings. The team has experience acting for financial institutions as well as corporate clients.

Veirano Advogados is a celebrated full-service firm representing leading Brazilian banks acting as underwriters in a range of local and international debt issuances. It is also very capable at representing corporate issuers. It is well versed in private placements and public offerings of promissory notes, debentures and bonds. It has additional experience in ECM mandates such as follow-on offerings. Lior Pinsky is a key contact in the firm.