Allen & Overy LatAm practice recognized in the 2021 LatinFinance Deals of the Year Awards
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A&O acted as legal counsel on two transactions that were recognized as 2021 Deals of the Year by LatinFinance, highlighting A&O’s outstanding work in Latin America across various sectors.
Based in New York, São Paulo, Washington, D.C. and London, A&O’s Latin America team specializes in a broad range of financial matters, including leveraged finance, project finance, trade and export finance, banking, corporate/M&A, capital markets and international dispute resolution.
LatinFinance recognized the following deals:
Structured Finance Deal of the Year: Metro de Panama’s USD2 billion Financing
A&O served as lead transaction counsel to HPH Joint Venture, a consortium consisting of Hyundai Engineering & Construction Co., Ltd., Posco Engineering & Construction Co., Ltd., and Hyundai Engineering Co., Ltd., in the receivables sale financing of CDNOs issued in connection with Metro de Panama S.A’s Metro Line 3 Project. The mandated lead arrangers for the financing included Citibank, N.A., BNP Paribas, Crédit Agricole, Mizuho, Santander, and SMBC, with partial financing and credit support being provided by The Export-Import Bank of Korea (KEXIM) and The Korea Trade Insurance Corporation (KSure). The A&O team consisted of lawyers in the New York, Seoul, Luxembourg, Amsterdam and London offices, and was led by partner Joseph Stefano and associates Hannah Kim and Kayla Epstein.
Private Equity Deal of the Year: KKR’s Acquisition of Telefónica Fiber Assets in Chile and Colombia
A&O advised Scotiabank as global coordinator and lead arranger of separate leveraged finance style syndicated financings for KKR’s acquisition of majority stakes in Telefónica’s fiber-optic networks in Chile and Colombia, deals valued at approximately USD1bn and USD500m, respectively. The transactions were a first of their kind in Latin America, with the resulting enterprises serving as the home country’s first and largest wholesale digital infrastructure network, open to all current and future telecom operators. The A&O team was led by New York-based partner Todd Koretzky, senior counsel Ally de Padua and associate Daniel Resnick, with support from colleagues in Washington, D.C. and Madrid, Spain.
“Our multi-disciplinary and multi-jurisdictional capabilities enable us to advise on some of the most complex cross-border investments and financial transactions in Latin America,” said New York-based Leveraged Finance partner Todd Koretzky.
A&O partner Joseph Stefano added, “With a strong local presence through our São Paulo office, our global team benefits from specialized expertise and market access, complementing A&O’s comprehensive financial markets and sector expertise.”
The LatinFinance Deals of the Year Awards are the leading marker of excellence for transactions in the capital markets in Latin America and the Caribbean. Selected by LatinFinance editors, the Deals of the Year Awards recognize top transactions based on their market significance, strategic importance, structural complexity and execution.
For further information, please contact Molly Nagel in New York at pro-a&o@prosek.com.