Dinamismo no setor de Petróleo e Gás

Posted on
TTR-Deal-Tracker

TTR Deal Tracker
www.TTRecord.com

BRASIL

 O TTR Deal Tracker Brasil é um email mensal que contém tendências do mercado transacional  brasileiro, além de incluir um ranking  Year to Date (YTD) dos principais assessores jurídicos e financeiros.

BRASIL: Dinamismo no setor de Petróleo e Gás

No período de janeiro a julho de 2016 o número de transações envolvendo empresas que atuam no segmento de Oil & Gas apresentou um aumento de 113% se comparado ao mesmo período de 2015, segundo os dados do TTR (www.TTRecord.com).
Além disso houve um aumento no número de aquisições de ativos, foram registradas cinco operações em 2016 YTD, frente as duas registradas no mesmo período do ano anterior.

Rankings / League Tables

Brasil Ranking – 2016

Assessoria Financeira – Year to Date (YTD)

O Banco Itaú BBA lidera o ranking TTR de assessoria financeira sete primeiros meses de 2016 com 19 transações com um valor total de USD 11,3bi, o que representa uma redução de 21% no volume de transações e 20% no valor total se comparado com o mesmo período de 2015, quando também liderou o ranking. O Banco Bradesco BBI subiu da terceira posição no ranking do mesmo período de 2015 para segundo, ficando na frente do Banco BTG Pactual que está em terceiro. O Bradesco BBI assessorou 14 transações  com um valor combinado de USD 10,8bi, o que  representa um aumento de 133% no volume de transações e um aumento de 18% no valor total. O Banco BTG Pactual assessorou 11 transações cujo valor agregado foi de USD 4,6bi o que representa uma redução de 45% em relação ao mesmo período de 2015. O Bank of America Merrill Lynch, na quarta posição, não esteve entre os 10 primeiros no ranking de assessoria financeira no primeiros sete meses de 2015, tal como o Banco Santander, em quinto, a Vinci Partners em sexto, e Rothschild  em sétimo. O BR Partners caiu da sétima posição em 2015 para oitavo em 2016 com cinco transações e um valor total de USD 1,3bi, o que representa um aumento de 625% no valor agregado. O Morgan Stanley em nono, e Magma em décimo, não estiveram entre os 10 primeiros do ranking dos sete primeiros meses de 2015.

Assessoria Jurídica – Year to Date (YTD)

O TozziniFreire Advogados lidera o ranking TTR de assessoria legal com 31 transações e um valor total agregado de USD 1,8bi, o que representa um aumento de 94% no volume de transações e 121% no valor total agregado se comparado com o mesmo período do ano anterior, quando esteve na oitava posição do ranking. O Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados ocupa a segunda posição com 30 transações e valor total de USD 12bi, maior valor agregado do ranking, o que representa um aumento de 30% no volume e 34% no valor total se comparado ao mesmo período de 2015 quando ocupou a quarta posição. O Pinheiro Neto Advogados desceu da primeira posição ocupada há um ano atrás para a terceira com 29 transações que somam USD 8,7bi. O Souza, Cescon, Barrieu & Flesch Advogados subiu uma posição no ranking passando a quarto com 29 transações com valor total agregado de USD 3,4bi, o que representa aumento de 26% no volume e uma redução de 16% no valor total agregado. O Machado, Meyer, Sendacz e Opice Advogados caiu três posições no ranking, passando a ocupar a quinta posição mesmo tendo tido um aumento de 16% no volume de transações. O Stocche, Forbes, Padis, Filizzola, Clapis, Passaro, Meyer e Refinetti Sociedade de Advogados, em sexto, não esteve entre os 10 primeiros no ranking dos sete primeiros meses de 2015. O Veirano Advogados caiu uma posição, passando a sétimo, com 17 transações,  porém com uma aumento de aproximadamente 1300% no valor total. O Barbosa, Müssnich, Aragão caiu da terceira para a oitava posição, com um volume 26% inferior. O Lefosse Advogados, em nono, não esteve entre os 10 primeiros do ranking em 2015. O Demarest Advogados ocupa a décima posição com 16 transações com valor total agregado de USD 2,4bi.

* Os Rankings TTR deste report são elaborados com transações anunciadas e/ou concluídas em 2016 Year to date. Estão incluídas transações de investimento e desinvestimento de Private Equity / Venture Capital, compra/venda de ativos e formação de Joint Ventures. Os Rankings de assessores jurídicos do México e do Brasil consideram apenas assessorias nas respectivas leis locais. Em todos os rankings são considerados apenas deals onde alguma empresa do respectivo país tenha sido target na transação, no caso do ranking LATAM, algum país latinoameircano. No ranking LATAM não há especificação sobre a lei da assessoria, além disso o filtro considera apenas firmas de UK/US.

Em caso de empate o critério de desempate é: empate por número de transações, se desempata com o valor total; empate por valor total, se desempata por número de transações. E quando exista um empate em número e valor, será mantida a mesma posição e a ordem será alfabética.

Chile’s distribution and retail space heats up

Posted on
TTR-Deal-Tracker

TTR Deal Tracker
www.TTRecord.com

LATIN AMERICA

TTR Deal Tracker is a monthly email update identifying M&A trends in Latin America and compiling YTD rankings of leading financial and legal advisors

BRAZIL: Oil & Gas sector dynamic

Transactions in Brazil’s oil & gas sector increased by 113% in the first seven months of 2016 compared to the same period in 2015, according to TTR data (www.TTRecord.com).
Asset sales also rose in the energy sector with five such transactions YTD compared to two in the January-July period of 2015.

CHILE: Deal volume grows in distribution and retail

Dealmaking in Chile’s distribution and retail space is up 150% YTD in 2016 compared to the same seven months in 2015, according to TTR data (www.TTRecord.com).
The appetite from international investors in the sector is also up, with five transactions led by foreign buyers YTD compared to three in the first seven months of 2015.

Rankings / League Tables

Latin America Ranking – 2016*

Financial Advisory – Year to Date (YTD)

Banco Itaú BBA leads TTR’s Latin America financial advisory ranking at the close of July by volume and aggregate value, with 24 deal mandates in the first seven months of 2016 worth a combined USD 15.3bn. The top M&A bank in Brazil also led the chart in the first seven months of 2015, when it had advised on 28 transactions worth a combined USD 14.6bn, representing a 14% dip in volume and a 5% increase in aggregate value between the two periods. Banco Bradesco BBI climbed from sixth place in the chart a year ago to take second, its deal volume up 133% from six to 14 transactions, the combined value of those deals up 18% from USD 9.1bn to USD 10.8bn. Banco BTG Pactual fell from second at the close of July 2015 to take third, its deal volume down 25% from 16 to 12, the aggregate value of those transactions down 39% from USD 9.5bn to USD 5.8bn. BAML climbed from ninth place at the close of July 2015 to take fourth, its deal volume up 125% from four to nine transactions, its aggregate value up 1,152% from USD 777m to USD 9.7bn. Citigroup, in fifth, didn’t place among the top 10 in the first seven months of 2015. Banco Santander fell from third a year ago to take sixth, despite adding one deal to its tally of eight at the close of July 2015 and increasing its aggregate deal value by 15% from USD 5.3bn to USD 6bn. Morgan Stanley, in seventh, was not among the top 10 a year ago. BBVA fell from fifth to eighth in the chart, its deal count holding steady at seven, the combined value of those transactions down 3% to USD 2bn. BNP Paribas, in ninth with six mandates YTD, was also absent from the top 10 a year ago, as was Vinci Partners, bringing up the rear with an equal number of deals.

Baker & McKenzie leads TTR’s Latin America legal advisory ranking for the first seven months of 2016, as it did for the corresponding period a year earlier, despite a 36% decline in the firm’s deal volume and a 25% decline in aggregate value compared to its performance to the close of July 2015 when it led with 22 transactions worth a combined USD 1.4bn. Jones Day follows in second with 11 transactions worth a combined USD 279m, a 35% decline in volume and an 89% decline in aggregate value relative to its performance in the seven months ending a year ago, when it also placed second. Linklaters, in third, was not among the top 10 international law firms advising on deals in Latin America in the first seven months of 2015. Clifford Chance holds firm to its fourth-place position of a year ago, its eight mandates YTD worth USD 7.4bn combined, compared to five worth USD 8.3bn in the same seven-month period last year. Cleary Gottlieb Steen & Hamilton, in fifth, did not place among the top 10 to the close of July 2015. White & Case fell one place to sixth, despite adding two transactions to its tally of five compared to the January-July period in 2015. Hogan Lovells, in seventh, was absent from the chart a year ago, this year bumping Shearman & Sterling down a spot to eighth, down also in volume by one deal. Chadbourne & Parke, in ninth, is tied with Shearman & Sterling by volume with four deals under its belt, after not appearing on the chart at the close of July 2015. Skadden, Arps, Slate, Meagher & Flom lost two deals compared to its tally of a year ago to bring up the rear, its aggregate value up 207% from USD 866m to USD 2.7bn.

Brazil Ranking* – 2016
Financial Advisory – Year to Date (YTD)


Banco Itaú BBA leads TTR’s Brazil financial advisory ranking for the first seven months of 2016 with 19 transactions worth a combined USD 11.3bn, representing a 21% decline in deal volume and a 20% decline in aggregate deal value relative to the corresponding period in 2015 when it also led the pack. Banco Bradesco BBI rose from third to take second in the chart, bumping Banco BTG Pactual to third place. Bradesco advised on 14 transactions worth a combined USD 10.8bn, increasing its deal volume by 133% from six at the close of July 2015 to 14 as the combined value of its transactions grew 18% from USD 9.1bn to USD 10.8bn. BTG Pactual added one deal to its tally of a year ago while its aggregate deal value fell 45% from USD 8.4bn. BAML, in fourth, was not among the top 10 investment banks advising in Brazil to the close of July 2015, nor was Banco Santander, in fifth, Vinci Partners in sixth, nor Rothschild, in seventh. BR Partners fell from seventh to eighth, despite adding one deal to its tally of a year ago to close July 2016 with five transactions worth a combined USD 1.3bn, representing a 625% increase in aggregate deal value from USD 176m. Morgan Stanley, in ninth, and Magma, in tenth, were both absent from the top 10 ranking at the close of July 2015.

Legal Advisory – Year to Date (YTD)


TozziniFreire Advogados leads TTR’s Brazil legal advisory ranking for the first seven months of 2016 with 31 transactions worth a combined USD 1.8bn, a 94% increase in deal volume and a 121% increase in aggregate value compared to its 16 transactions worth a combined USD 798m of a year ago when it ranked eighth in the chart. Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados ranks second, its 30 transactions worth a combined USD 12bn leading the chart by aggregate value and representing a 30% increase in volume and a 34% increase in combined deal value compared to its 23 transactions together worth USD 8.9bn to the close of July 2015, when the firm raked fourth. Pinheiro Neto Advogados fell from first a year ago to take third place, with 29 transactions together worth USD 8.7bn compared to 31 worth USD 9.5bn at the close of July 2015. Souza, Cescon, Barrieu & Flesch Advogados is up one place to take fourth, with 29 deals together worth USD 3.4bn compared to 23 worth USD 4bn a year ago, a 26% increase in volume and a 16% decline in aggregate value. Machado, Meyer, Sendacz e Opice Advogados fell three positions to take fifth, despite increasing deal volume by 16% from 25 to 29. Its aggregate deal value is down 92% meanwhile, from USD 12.5bn to USD 1bn. Stocche, Forbes, Padis, Filizzola, Clapis, Passaro, Meyer e Refinetti Sociedade de Advogados, in sixth, was not among the top 10 M&A firms in Brazil at the close of July 2015. Veirano Advogados fell one position from sixth a year ago to take seventh in the chart, its deal count down by two transactions, its aggregate deal value up nearly 1300% from USD 408m. Barbosa, Müssnich, Aragão fell from third at the close of July 2015 to eighth, its volume down 26% from 23, its aggregate deal value off 38% from USD 9.1bn. Lefosse Advogados, in ninth, was not among the top 10 firms in Brazil in the first seven months of 2015. Demarest Advogados brings up the rear with 16 transactions together worth USD 2.4bn, the same volume as a year ago when it ranked ninth, its aggregate value up nearly 3,000% from USD 79m.

Mexico Ranking* – 2016

Financial Advisory – Year to Date (YTD)

BBVA leads TTR’s Mexico financial advisory ranking at the close of July 2016 with five transactions worth a combined USD 2bn, the same deal volume the Spanish bank had registered a year ago when it also led the chart. BBVA’s aggregate deal value is virtually on par as well, its USD 2bn in combined value representing little more than a 1% increase over a year ago. Citigroup rose from seventh to take second place in the chart as it added two transactions to its tally of a year ago and increased the combined value of its deals by 184% from USD 1.2bn to USD 3.5bn. Deutsche Bank, in third, was not among the top 10 banks advising on M&A in Mexico a year ago, nor was JPMorgan, in fourth, nor Morgan Stanley, in fifth. Lazard too was absent from the top 10 a year ago and now ranks sixth. RióN M&A lost one transaction compared to its tally at the close of July 2015, falling from third to seventh in the chart. Goldman Sachs, in eighth, PC Capital, in ninth, and UBS, bringing up the rear in tenth, were also absent from the top 10 a year ago.

Creel, García-Cuéllar, Aiza y Enríquez leads TTR’s Mexico legal advisory ranking at the close of July 2016 with 18 advisory mandates YTD, the same volume it registered in the first seven months of 2015 when it also led the chart. The leading firm’s aggregate deal value is down 66% from USD 9.5bn. Galicia Abogados held firm to its deal count of 10 a year ago, climbing one position in the chart to take second and increasing aggregate deal value 24% from USD 2.8bn to USD 3.4bn. Jones Day México climbed one position in the chart to take third, notwithstanding losing two transactions relative to its tally of a year ago and its aggregate value falling 90% from USD 2.2bn to USD 209m. Santamarina y Steta Abogados, in fourth, was not among the top 10 M&A firms advising in Mexico for the seven months ending at the close of July 2015, nor was Ritch Mueller, in fifth. Mijares, Angoitia, Cortés y Fuentes fell from second place a year ago to take sixth in the chart, its deal volume down 73% from 15, its aggregate deal value down 81% from USD 3.5bn to USD 661m. Von Wobeser y Sierra ranks seventh after not placing among the top 10 in the first seven months of 2015. White & Case México is up two positions in the chart, despite its deal volume declining by one transaction and its aggregate deal value falling 90% from USD 983m a year ago. Basham Ringe y Correa, in ninth, lost two transactions relative to its tally at the close of July 2015 when it ranked seventh, its aggregate deal value falling 93% from USD 1.4bn. Robles Miaja Abogados brings up the rear after not placing on the chart at the close of July 2015.

* TTR Rankings are generated with transactions announced or closed in 2016 year-to-date. The ranking includes sales and acquisitions of shares and of assets, creation of joint ventures, and Private Equity/Venture Capital investments. The legal advisor rankings for Brazil and Mexico take into consideration advisory services regarding domestic laws. All rankings only include deals where a company of the respective country was the target of the transaction. In the case of LATAM, it would be a Latin American country. The LATAM ranking does not specify the origin of the advisory law, so the filter only considers firms from the UK/US.

In case of a draw, the adopted criteria will be the following: if the draw is due to number of transactions, the total deal value prevails; if it is due to deal value, the number of transactions prevail. When a draw of both number of transactions and deal value occurs, the same position will be retained and the deals will be arranged alphabetically.

Setor de mineração atrai crescente interesse internacional

Posted on
TTR-Deal-Tracker

TTR Deal Tracker
www.TTRecord.com

BRASIL

 O TTR Deal Tracker Brasil é um email mensal que contém tendências do mercado transacional  brasileiro, além de incluir um ranking  Year to Date (YTD) dos principais assessores jurídicos e financeiros.

BRASIL: Setor de mineração atrai crescente interesse internacional

O volume de transações na indústria de mineração brasileira cresceu 62,5% no primeiros seis meses de 2016 em relação ao mesmo período do ano passado, de acordo com os dados do TTR (www.TTRecord.com).

O investimento internacional no setor cresceu bastante entre os dois períodos, com dez transações lideradas por compradores estrangeiros no acumulado do ano em comparação com as três transações registradas nos primeiros seis meses de 2015.

Rankings / League Tables

Brasil Ranking – 2016

Assessoria Financeira – Year to Date (YTD)

O Banco Bradesco BBI lidera o ranking brasileiro de assessoria financeira com 12 mandatos nos primeiros seis meses de 2016, com um valor total de USD 2,8bi, o dobro do registrado um ano atrás quando esteve na terceira posição do ranking com seis mandatos e um valor total de USD 9,1bi. O Banco BTG Pactual ocupa a segunda posição no ranking do primeiro semestre de 2016, mesma posição que ocupou no mesmo período de 2015. Porém o valor combinado das transações sofreu uma redução de 70%. O Banco Itaú BBA, que ocupou a primeira posição um ano antes, ocupa a terceira posição com nove mandatos e valor agregado de USD 2bi. O Bank of America Merill Lynch, na quarta posição com cinco mandatos YTD, não esteve entre os 10 primeiros assessores em transações de M&A no primeiro semestre do ano passado. O BR Partners, em quinto, está empatado com o BAML em número de mandatos com um valor agregado de aproximadamente USD 1,3bi. O Vinci Partners, em sexto lugar, também assessorou cinco transações no primeiro semestre de 2016, depois de não ter  estado entre os 10 primeiros do ranking um ano atrás. O Morgan Stanley também não esteve entre os 10 primeiros há um ano atrás, assim como o BNP Paribas, Citigroup e Banco Santander, in sétimo, oitavo, nono e décimo respectivamente.

Assessoria Jurídica – Year to Date (YTD)

O Pinheiro Neto lidera o ranking TTR de assessoria jurídica para os primeiros seis meses de 2016, com 25 transações assessoradas e um valor total agregado de USD 4,4bi, representando um aumento de 14% no volume e uma redução de 53% no valor agregado. O Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados está empatado em número de transações com o Pinheiro Neto, porém com um valor total agregado de USD 2,3bi. O Souza, Cescon, Barrieu & Flesch Advogados está na terceira posição com 24 transactions YTD, que representa um aumento de 9% em relação ao mesmo período de 2015, porém com um valor agregado 22% menor. O TozziniFreire Advogados subiu duas posições no ranking em relação ao ano passado, com um aumento de 33% no volume, 20 transações, e 73% no valor total agregado, USD 1,3bi. O Machado, Meyer, Sendacz e Opice Advogados caiu da primeira posição há um ano atrás para a quinta posição, com uma redução de 13% no volume e de 95% no valor total agregado. O Barbosa, Müssnich, Aragão ocupa a sexta posição com 16 mandatos e valor total agregado de USD 1,3bi. O Stocche, Forbes, Padis, Filizzola, Clapis, Passaro, Meyer e Refinetti Sociedade de Advogados ocupa a sétima posição depois de não ter estado entre os dez primeiros no mesmo período do ano anterior. O Lefosse Advogados, em oitavo, também não esteve entre os dez primeiros há um ano atrás. O Veirano Advogados ocupa a nona posição com 12 transações e valor total de USD 140m, representando um redução de 8% em volume e 55% em valor total agregado. O Demarest Advogados está na décima posição com 11 transações e um valor agregado de USD 2,4bi.

* Os Rankings TTR deste report são elaborados com transações anunciadas e/ou concluídas em 2016 Year to date. Estão incluídas transações de investimento e desinvestimento de Private Equity / Venture Capital, compra/venda de ativos e formação de Joint Ventures. Os Rankings de assessores jurídicos do México e do Brasil consideram apenas assessorias nas respectivas leis locais. Em todos os rankings são considerados apenas deals onde alguma empresa do respectivo país tenha sido target na transação, no caso do ranking LATAM, algum país latinoameircano. No ranking LATAM não há especificação sobre a lei da assessoria, além disso o filtro considera apenas firmas de UK/US.

Em caso de empate o critério de desempate é: empate por número de transações, se desempata com o valor total; empate por valor total, se desempata por número de transações. E quando exista um empate em número e valor, será mantida a mesma posição e a ordem será alfabética.

Foreign investors digging into Brazilian ores

Posted on
TTR-Deal-Tracker

TTR Deal Tracker
www.TTRecord.com

LATIN AMERICA

TTR Deal Tracker is a monthly email update identifying M&A trends in Latin America and compiling YTD rankings of leading financial and legal advisors

BRAZIL: Mining sector attracts growing international interest

Transaction volume in Brazil’s mining industry grew 62.5% in the first six months of 2016 relative to 1H15, according to TTR data (www.TTRecord.com).

International investment in the sector grew as well between the two periods, with 10 deals led by foreign buyers YTD compared to three in the first six months of 2015.

MEXICO: Hospitality industry serving up more deals

The number of transactions in Mexico’s hospitality sector grew by 50% in 1H16 compared to the same six-month period last year, according to TTR data (www.TTRecord.com).

As in 1H15, deals in the sector were dominated by Mexico-based companies.

Rankings / League Tables

Latin America Ranking – 2016*

Financial Advisory – Year to Date (YTD)

Banco Bradesco BBI leads TTR’s Latin America financial advisory ranking for 1H16 with 12 deal mandates YTD Worth a combined USD 2.8bn, doubling its volume of 1H15 when it ranked fifth in the chart with six mandates on transactions together worth USD 9.1bn, representing a 69% decline in aggregate value. Banco Itaú BBA was bumped from its lead of a year ago to take second place in the ranking, with 11 mandates worth a combined USD 4.5bn, representing a 56% decline in volume and a 68% decline in aggregate value compared to its 25 mandates worth a combined USD 14bn in the first six months of 2015. Citigroup ranks third with nine deal mandates region-wide in the first six months of 2015 worth a combined USD 6.2bn after not placing among the top 10 a year ago. Banco BTG Pactual fell from second place a year ago to take fourth in the chart, its deal volume down 40%, its aggregate deal value down 74% from 15 in the first six months of 2015 worth a combined USD 2.5bn. Morgan Stanley ranks fifth with seven deals under its belt YTD together worth USD 6.5bn. Morgan Stanley did not place among the top 10 banks in the region in 1H15. BAML is up three positions from ninth a year ago to take sixth, its volume up 50% and the aggregate value of its deals up by nearly 400% from USD 777m to USD 3.9bn. BBVA, in seventh, lost one position in the chart, but is up by one transaction compared to its performance in 1H15 while the aggregate value of its deals is up by 131% to USD 2bn. BNP Paribas follows in eighth, also with six deal mandates YTD, tied by volume with Banco Santander, in ninth. Neither BNP Paribas nor Santander where among the top 10 banks advising on M&A in the region at the close of 1H15, nor was Lazard, bringing up the rear with five mandates YTD worth a combined USD 1.3bn.

Baker & McKenzie leads TTR’s Latin America legal advisory ranking for the first six months of 2016 with 13 deal mandates YTD worth a combined USD 837m, up from second place a year ago when it had advised on 15 deals worth USD 1.3bn in aggregate. Jones Day was nudged to second by Baker, the firm’s 10 deals worth USD 279m, representing a 41% decline in volume and an 89% decline in aggregate value compared to its performance in the first six months of 2015. Cleary Gottlieb Steen & Hamilton ranks third with eight mandates under its belt in 1H15 worth a combined USD 1.2bn after not placing among the top 10 in the first six months of 2015. Linklaters, in fourth, was also absent from the top 10 a year ago, and nudged Clifford Chance from its fourth-place position of a year ago to fifth, despite the firm having added one deal to its tally of last year. Hogan Lovells, in sixth with five transactions under its belt YTD, was not among the top 10 in 1H15, nor was Chadbourne & Parke, in seventh with four mandates in the region in 1H16. Skadden, Arps, Slate, Meagher & Flom, in eighth, fell from its sixth-place ranking at the close of June 2015, its deal count down by two, the aggregate value of those transactions up by 207% to USD 2.7bn. Latham & Watkins, in ninth, also with three transactions under its belt region-wide YTD, was not among the top 10 at the close of June 2015, nor was Davis & Gilbert, in tenth.

Brazil Ranking* – 2016
Financial Advisory – Year to Date (YTD)


Banco Bradesco BBI leads TTR’s Brazil financial advisory ranking with 12 deal mandates in the first six months of 2016 worth a combined USD 2.8bn, double its tally of a year ago when it ranked third with six mandates on transactions worth a combined USD 9.1bn. Banco BTG Pactual holds firm to its second-place ranking of 1H15 with the same number of mandates YTD as it had by the end of June 2015. The combined value of those deals is down by 70%, meanwhile, from USD 8.3bn. Banco Itaú BBA fell from its leading position a year ago to take third, its deal volume dropping 59% from 22 to 9, the aggregate value of those transactions down 85% from USD 9.1bn to USD 2bn. BAML, in fourth with five mandates YTD, was not among the top 10 banks advising on M&A deals in Brazil in 1H15. BR Partners, in fifth, is tied with BAML by volume, up by one deal from its tally of a year ago, the aggregate value of those transactions up by 625% to USD 1.3bn. Vinci Partners also advised on five transactions in 1H16 to place sixth, after not appearing among the top 10 a year ago. Morgan Stanley too was absent from the top 10 a year ago, as was BNP Paribas, Citigroup and Banco Santander, in seventh, eighth, ninth and tenth place, respectively.

Legal Advisory – Year to Date (YTD)


Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados tops TTR’s Brazil legal advisory ranking at the close of 1H15 with 25 deal mandates worth a combined USD 2.3bn, representing a 14% increase in volume and a 74% decline in the aggregate value relative to 1H15 when it had advised on 23 deals together valued at USD 12.5bn to rank third. Pinheiro Neto Advogados is tied by volume with 25 deals together worth USD 4.4bn, also up marginally in deal count from 1H15 when the firm had advised on 22 deals worth a combined USD 9.5bn and also ranked second. Souza, Cescon, Barrieu & Flesch Advogados follows in third with 24 transactions YTD, up 9% over 1H15 by volume and down 22% by aggregate value from 22 deals worth USD 4bn when it ranked fourth. TozziniFreire Advogados climbed two rungs in the ranking to take fourth in the chart, adding five deals to its tally of a year prior and bucking the trend by increasing aggregate transaction value by 72% from USD 767m to USD 1.3bn. Machado, Meyer, Sendacz e Opice Advogados fell from first place at the close of 1H15 to take fifth in the chart, it’s deal volume down 13% from 23, the aggregate value of its deals down 95% to USD 564m. Barbosa, Müssnich, Aragão, in sixth, fell one position in the chart relative to its performance in the corresponding period in 2015, its volume down 16% and aggregate value off 85% from 19 deals worth USD 8.8bn when it ranked fifth. Stocche, Forbes, Padis, Filizzola, Clapis, Passaro, Meyer e Refinetti Sociedade de Advogados ranks seventh at the close of 1H16 after not having placed among the top 10 at the close of 1H15. Lefosse Advogados, in eighth, was also absent from the top 10 a year ago. Veirano Advogados lost one deal from its tally of a year prior to close 1H16 in ninth place with 12 deals together worth USD 140m, representing an 8% dip in volume and a 55% decline in aggregate deal value. Demarest Advogados brings up the rear in tenth, its tally also down by a sole transaction, while its 11 deals are together worth USD 2.4bn representing an uptick in aggregate deal value of USD 2,889% from its 13 deals worth USD 71m combined a year ago.

Mexico Ranking* – 2016

Financial Advisory – Year to Date (YTD)

BBVA tops TTR’s Mexico financial advisory ranking at the close of June with four transactions under its belt YTD worth a combined USD 2bn, the same number of deals it’d advised on by the close of 1H15 when it also ranked first with four transactions then worth USD 869m in aggregate. Citigroup climbed from sixth to take second in the chart, its deal count up from a sole transaction a year ago worth USD 1.2bn. Deutsche Bank, in third, was not among the top 10 at the close of June 2015, nor was JPMorgan, tied by deal volume and aggregate value alongside Morgan Stanley, which was also absent from the chart at the close of 1H15. Lazard too was absent from the top 10 at the close of June 2015, as was Goldman Sachs, PC Capital and Buenos Aires Advisors, ranked sixth, seventh, eighth and ninth. Evercore Partners lost one deal compared to its tally of a year ago when it ranked fourth to round out the top 10 with a sole transaction of undisclosed consideration.

Creel, García-Cuéllar, Aiza y Enríquez leads TTR’s Mexico legal advisory ranking by a wide margin with 14 transactions to its name in 2016, holding firm to the top spot it held a year ago when it’d advised on 18 deals together worth USD 9.5bn. Galicia Abogados lost one deal compared to its volume a year ago when it ranked third but climbed one position in the chart nonetheless to take second place. Santamarina y Steta Abogados ranks third after not placing among the top 10 M&A firms in Mexico in 1H15. Ritch Mueller, in fourth, was also absent from the chart a year ago. Jones Day México lost three deals and one position in the chart relative to its seven deals worth a combined USD 2.2bn a year ago to rank fifth, its volume down 43%, its aggregate deal value off by USD 90%. Mijares, Angoitia, Cortés y Fuentes ranks sixth, down from second at the close of 1H15 when it’d advised on 12 deals together worth USD 2.4bn, representing a 75% dip in volume and a 74% fall in aggregate value. Von Wobeser y Sierra, in seventh, did not place among the top 10 M&A firms in Mexico as the first six months of 2015 came to a close, nor did Robles Miaja Abogados, in eighth, nor Greenberg Traurig México, in ninth. Basham Ringe y Correa lost 50% of its deal volume and 93% of its aggregate deal value falling one position in the chart to round out the top 10 with its two transactions worth a combined USD 91m.

* TTR Rankings are generated with transactions announced or closed in 2016 year-to-date. The ranking includes sales and acquisitions of shares and of assets, creation of joint ventures, and Private Equity/Venture Capital investments. The legal advisor rankings for Brazil and Mexico take into consideration advisory services regarding domestic laws. All rankings only include deals where a company of the respective country was the target of the transaction. In the case of LATAM, it would be a Latin American country. The LATAM ranking does not specify the origin of the advisory law, so the filter only considers firms from the UK/US.

In case of a draw, the adopted criteria will be the following: if the draw is due to number of transactions, the total deal value prevails; if it is due to deal value, the number of transactions prevail. When a draw of both number of transactions and deal value occurs, the same position will be retained and the deals will be arranged alphabetically.

Transações ganham impulso no setor químico

Posted on
TTR-Deal-Tracker

TTR Deal Tracker
www.TTRecord.com

BRASIL

 O TTR Deal Tracker Brasil é um email mensal que contém tendências do mercado transacional  brasileiro, além de incluir um ranking  Year to Date (YTD) dos principais assessores jurídicos e financeiros.

BRASIL: Transações ganham impulso no setor químico

O volume de transações envolvendo empresas que atuam no setor químico ganhou impulso nos cinco primeiros meses de 2016, com um aumento de 38,5% no número de transações, se comparado com o mesmo período de 2015, segundo dados do TTR (www.TTRecord.com).
Os investidores internacionais continuam interessados nesse setor, onde foram registradas 13 transações de aquisição de empresas brasileiras por parte de empresas estrangeiras até agora em 2016, frente as cinco registradas no mesmo período de 2015.

Rankings / League Tables

Brasil Ranking – 2016

Assessoria Financeira – Year to Date (YTD)

O Banco BTG Pactual lidera o Ranking TTR de Assessores Financeiros, elaborado com dados de janeiro a maio de 2016, com oito mandatos e um valor agregado de USD 9,3bi, o que representa uma diminuição de 11% em volume e 63% em valor agregado se comparado ao mesmo período de 2015, onde esteve em segunda posição. O BTG Pactual destituiu o Banco Itaú BBA da sua posição de líder de um ano atrás graças apenas ao maior valor agregado em 2016 YTD, já que o banco rival também tem oito mandatos até agora em 2016, com um valor agregado de USD 6,3bi, o que representa uma redução de 50% no volume e de 85% no valor agregado de um ano atrás, quando liderou o ranking com 16 negócios no valor de USD 41bi. O Banco Bradesco BBI ocupa a terceira posição, com sete mandatos, frente aos cinco negócios assessorados um ano atrás. O BAML ocupa a quarta posição na tabela, também com quatro mandatos,  depois de não aparecer entre os top 10 no mesmo período de 2015. O BR Partners, em quinto, também assessorou quatro transações nos cinco meses de 2016, o mesmo volume que tinha registrado no final de Maio de 2015, entretanto registrou um aumento de 400% no valor agregado saltando de USD 895m para USD 4,5 bi. O Morgan Stanley segue em sexto com três mandatos no acumulado do ano, empatado em volume com o Vinci Partners que está em sétimo. O IGC Partners Assessoria Empresarial está em oitavo, a Magma está em nono e Ártica Investimentos em décimo. Destes últimos, apenas o IGC esteve classificado entre as top 10 de um ano atrás, quando tinha assessorado em quatro transações.

Assessoria Jurídica – Year to Date (YTD)

O Souza, Cescon, Barrieu & Flesch Advogados lidera ranking TTR de assessoria jurídica do Brasil no final de maio, com 24 mandatos no acumulado do ano com um valor agregado de USD 3,1bi. Há um ano atrás o escritório ocupou a terceira posição com 17 transações assessoradas com um valor total de USD 3,9bi. O Pinheiro Neto Advogados ocupa o segundo lugar com 21 mandatos nos primeiros cinco meses do ano com um valor total de USD 2,9bi, tendo subido desde a quinta posição no final de maio de 2015, quando assessorou 15 transações pelo valor total de USD 8,7bi. O Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados está em terceiro lugar com 19 mandatos no valor de  USD 1,6bi. O Machado, Meyer, Sendacz e Opice Advogados, que estava em primeiro lugar há um ano atrás, ocupa a quarta posição com 16 transações assessoradas com um valor agregado de USD 510m, o que representa uma queda de 11% em volume e uma queda de 96% em valor agregado. O TozziniFreire Advogados subiu uma posição em relação ao ano passado, ocupando agora a quinta posição com 16 transações cujo valor agregado é de USD 323m. O Barbosa, Müssnich, Aragão, na sexta posição, desceu duas posições em relação ao ano passado, tendo no acumulado do ano 14 mandatos com valor agregado de USD 909m, frente aos USD 8,6bi de um ano atrás. O Stoche, Forbes, Padis, Filizzola, Clapis, Passaro, Meyer e Refinetti Sociedade de Advogados está em sétimo, com 13 negócios no valor de USD 103m, colocando-o entre os Top 10, já que não estava entre eles há um ano atrás. O Lefosse Advogados, que está em oitavo, também esteve ausente do ranking de maio de 2015. O Demarest aparece em nona posição com 10 mandatos cujo valor agregado é de USD 675m, frente aos 11 mandatos no valor de USD 79m no total, um ano atrás. O Lobo & de Rizzo Advogados completa os top 10 com nove mandatos que em conjunto somam USD 286m, um aumento de 80% em volume e 129% em valor agregado em comparação com um ano atrás.

* Os Rankings TTR deste report são elaborados com transações anunciadas e/ou concluídas em 2016 Year to date. Estão incluídas transações de investimento e desinvestimento de Private Equity / Venture Capital, compra/venda de ativos e formação de Joint Ventures. Os Rankings de assessores jurídicos do México e do Brasil consideram apenas assessorias nas respectivas leis locais. Em todos os rankings são considerados apenas deals onde alguma empresa do respectivo país tenha sido target na transação, no caso do ranking LATAM, algum país latinoameircano. No ranking LATAM não há especificação sobre a lei da assessoria, além disso o filtro considera apenas firmas de UK/US.

Em caso de empate o critério de desempate é: empate por número de transações, se desempata com o valor total; empate por valor total, se desempata por número de transações. E quando exista um empate em número e valor, será mantida a mesma posição e a ordem será alfabética.