Acquisition Finance

  • We advised Grupo Assa, ”), a leading digital and cloud transformation services company, in its sale to Globant S.A, a digitally native technology services company (2020).
  • ING Capital LLC., as arrangers, bookrunner, administrative agent and lender, and Itaú Unibanco, as lender, in a syndicate loan for a total amount of US$ 75 million granted to CPS Comunicaciones S.A. (Metrotel), a telecommunications company, which will use it to expand its services in Argentina. The Bank of New York Mellon, in United States, and TMF Trust Company S.A., in Argentina, acted as trustee (2018).
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  • Vista Oil & Gas S.A.B. de C.V. completed the acquisition of an oil operating platform controlled by Pampa Energía S.A. and Pluspetrol Resources Corporation with interests in certain exploitation concessions, fields under evaluation and exploration permits in the Neuquén basin and with relevant access to Vaca Muerta’s unconventional hydrocarbon fields -in excess of 137,000 acres in the Vaca Muerta unconventional play, including 54,000 acres in the shale oil window-. The transaction was approved by Vista’s shareholders at a meeting held on March 22, 2018. Vista Oil & Gas S.A.B. de C.V. has become the fifth most important oil company in the country (2018).
  • International financial entities as mandated lead arrangers and lenders, in a secured financing to GE EFS Power Investments B.V. (controlled by GE Energy Financial Servicies, Inc.) for the subscription and partial payment of subscription price of capital stock of YPF Energía Eléctrica S.A. equivalent to 24,99% (2018).
  • International Finance Corporation in a secured loan for an aggregate amount of US$ 30 million to FV S.A., Argentina’s leading manufacturer of bathroom and kitchen fixtures, to finance the acquisition of 90% of the capital stock and voting rights of Peisa S.A. (2017).
  • UBS, as lender, of a secured loan for an aggregate amount of US$ 124 million, granted to Desarrolladora Energética S.A. (DESA), to finance the acquisition of an indirect stake of 90% of Empresa Distribuidora de Energía Norte S.A. (EDEN) and Empresa Distribuidora de Energía Sur S.A. (EDES) (2016).
  • Citibank N.A., Deutsche Bank AG London Branch, Credit Agricole Corporate and Investment BankBanco de Galicia y Buenos Aires S.A.Banco Hipotecario S.A. and Industrial and Commercial Bank of China Limited, Dubai (DIFC) Branch, as lenders, Citibank N.A., as administrative and collateral agent, andCitibank N.A. Argentine Branch, as Argentine payment and collateral agent, in a senior secured bridge loan for an aggregate amount of approximately US$ 600 million, to be disbursed in several tranches, granted to Pampa Energía S.A., to finance the acquisition of Petrobras Participaciones, S.L., Sociedad Unipersonal, company incorporated in Spain, holder of 67.1933% of the capital stock and votes of Petrobras Argentina S.A. (2016).
  • BBVA Banco Francés S.A. and HSBC Bank Argentina S.A., as lenders and arrangers of a loan for an aggregate amount of AR$120 million granted to a leader company in Argentina in the services of collection, transportation, treatment of medical, special or hazardous industrial waste. Loan proceeds were allocated to the acquisition of two companies in the same industry established in the country. The controlling company of the debtor headquartered in the United States of America acted as guarantor of the financing (2013).
  • Banco Itaú Argentina S.A. -as administrative agent-, Standard Bank Argentina S.A. and Banco de la Ciudad de Buenos Aires in a financing to Rovella Carranza S.A. (“Rovella”) for the acquisition of the future controlling company –EDESAL Holding– of Empresa Distribuidora San Luis S.A. (“EDESAL”), through the provision of a syndicated loan in the amount of forty-five million pesos ($45,000,000) in favor of Rovella, and a syndicated loan in the amount of sixty million pesos ($60,000,000) in favor of EDESAL (2011).
  • Citibank N.A. and Calyon New York Branch in the US$600 million financing to GP Investments for the acquisition of Pride International‘s Latin American land drilling and E&P service businesses (2007).
  • Tenaris S.A. in the US$2,7 billion financing for the acquisition of Maverick Tubes Inc. (2006).
  • BankBoston (the name under which Bank of America operated then in Latin America), Bayerische Hypo- und Vereinsbank and WestLB as lenders in connection with a US$453 million loan agreement granted to Brazilian construction group Camargo Corrêa in connection with Camargo’s purchase of Loma Negra, the largest cement company in Argentina (2006).