Allen & Overy recognized at the 2020 LatinFinance Project & Infrastructure Finance Awards
05 October 2020
Allen & Overy won three LatinFinance Project & Infrastructure Finance Awards, which recognize the most impressive transactions and institutions working in Latin American infrastructure finance and investment.
The awards include:
- Loan of the Year – LatAm: Awarded for A&O’s work on the USD1.8 billion financing of an efficient dissolving wood pulp plant and installation of a cogeneration plant, which is being carried out in Brazil by LD Celulose. The financing was structured to allow various commercial banks to participate in tranches “covered” by IFC, IDB Invest, and Finnvera, and involved blending traditional limited recourse project financing with corporate and other financing structures. The A&O team was led by partner Sami Mir.
- Infrastructure Financing of the Year – Brazil: Also awarded for the firm’s work financing the LD Celulose project in Brazil, which was enabled by A&O’s long standing relationship with IFC and IDB Invest and strong track record working with Finnvera on pulp projects in Latin America.
- Infrastructure Financing of the Year –Mexico: Awarded for the firm’s work structuring the financing of the Ca-Ku-A1 offshore gas compression project in Mexico, which is being developed by Servicios Compresion de Gas Ca-Ku-A1 S.A.P.I. de C.V., a subsidiary of Cobra ACS. The A&O team advised ING and Mizuho and was led by partner Dorina Yessios.
Allen & Overy’s head of Infrastructure and Project Finance, Kent Rowey, commented: “These awards are a testament to the outstanding work and perseverance of the A&O team through this year’s challenging regulatory and political environment in Latin America. We’re proud of our involvement, counsel and leadership to bring new LatAm development projects to a close, and we look forward to tackling new complex financings on behalf of our clients in the region.”
A&O has worked on some of the largest infrastructure and project finance deals in the market over recent decades and is heralded as a leading firm in Latin America. This distinction from LatinFinance is Allen & Overy’s latest industry recognition, in addition to recent Chambers 2021 Latin America rankings where Sami Mir and Dorina Yessios ranked Band 3 in Project Finance and Bruno Soares ranked Band 4 in both Project Finance and in Banking & Finance. Most recently, Dorina Yessios was included in Latinvex’s Top 100 Females and in addition was included in the Energy, Projects and Banking & Finance categories. Earlier this summer the team ranked as one of the top M&A advisors in Latin America by Latinvex. The team’s continued LatAm regional experience and its strong track record is an illustration of the firm’s robust cross border work around the world.