Allen & Overy ranked as top legal M&A adviser in Latin America by Latinvex
30 July 2020
Allen & Overy announced that it has been ranked as one of the top 25 legal merger and acquisition advisers in Latin America for the first half of the year by Latinvex.
The firm topped the list as twelfth overall, advising on four deals worth a combined $1.4 billion, including the $1.1 billion sale of UK-based Imperial Brands' Cuban cigar business to Spain-based Allied Cigar. Latinvex’s Latin America top 25 legal M&A adviser ranking is based on dollar amount of announced mergers and acquisitions in the first half of the year as captured by Refinitv and Latinvex data.
“We are proud to be recognized by Latinvex as a top M&A adviser in Latin America, demonstrating the strength of Allen & Overy’s global M&A practice,” said Bruno Soares, managing partner at Allen & Overy's Sao Paulo office. “Our team’s strategic advice and counsel supports clients through complex cross-border transactions, and we look forward to continuing this momentum.”
Allen & Overy’s work on behalf of Imperial Brands' Cuban cigar business led to a total purchase price that reflects an amount equivalent to 11.8 times Imperial Brands’ 2019 earnings before interest, tax, depreciation, and amortization.
For the full Latinvex ranking, click here.