BRAZIL: Power transactions up 66.67%
The number of transactions in Brazil’s power sector shot up 66.67% YTD in 2015 compared to the same period in 2014. Of the 15 deals so far this year, four involved international companies, two based in France and two in Colombia.
MEXICO: International buyers target Spain
Mexican buyers have concentrated their international acquisitions in Spain so far this year with eight strategic deals in the Iberian market, more than 50% of the deal volume for the entire year 2014. In 2013 there was not a single acquisition in Spain by a Mexico-based buyer. Among the most notable deals year-to-date in 2015 is the USD 190m acquisition of real estate firm Realia by Inmobiliaria Carso, held by Mexican magnate Carlos Slim. 
|
Rankings / League Tables
|
Latin America Ranking – 2015
Financial Advisory – Year to Date (YTD)
Banco Santander shot to the top of TTR’s financial advisory ranking in Latin America by deal volume as April came to a close with seven deals YTD totaling some USD 5bn, up from the same time last year when it ranked eighth with five deals valued at USD 216m. Banco BTG Pactual follows, ranking second by volume and fourth by value with six deals worth USD 7.8bn. It also ranked second by volume and fourth by value at this time in 2014 when it had 13 deals valued at USD 2.45bn under its belt. BTG rival Banco Itaú fell to third place by deal volume, meanwhile, with six deals valued at USD 4bn. At the end of April, 2014 Itaú led the top-10 ranking with 23 deals worth a combined 2.57bn. The top three financial advisors in Latin America by total deal value are a completely distinct group, led by Deutsche Bank with USD 10bn in deals, followed by Banco Bradesco BBI with USD 9bn and Rothschild with USD 8.68bn.
Legal Advisory – Year to Date (YTD)
Jones Day crept to the top of TTR’s Latin America legal advisory ranking by deal volume at the end of April to take the lead with 11 deals worth a combined USD 2.16bn, up one spot from second place at the same time in 2014 when it had advised on eight deals valued at USD 1.92bn. Sullivan & Cromwell follow by deal volume and lead by value with four deals worth a combined USD 4.78bn. The US firm was absent among the top-10 in the first four months of 2014. Baker & McKenzie has fallen two notches to third, also with four deals, amounting to USD 373m. At fourth by volume, Gibson, Dunn & Crutcher ranks second by value with a combined USD 1.23bn in transactions.
Brazil Ranking – 2015
Financial Advisory – Year to Date (YTD)
Banco Itaú held firm at the top of TTR’s Brazil financial advisory ranking as the first four months of 2015 draw to a close, though its deal volume fell from 16 to six transactions compared to the first four months of 2014. With just four deals, Bradesco BBI rose one spot to take second place compared to 10 at the end of April, 2014. Bradesco swapped positions with BTG Pactual, which also had four deals. While deal volume is down for all compared to the same period last year, overall deal values are up across the board, led by Bradesco with its USD 9bn in total transactions.
Legal Advisory – Year to Date (YTD)
Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados are unfazed by the slump in volume experienced by the banks, climbing from fourth in the first four months of 2014 with 13 deals to take the number one spot in TTR’s Brazil legal advisory ranking at the end of April, 2015 with 15 transactions. Demarest Advogados too has grown its deal count from 10 to 15 deals to rise in the ranking from sixth to second. Souza, Cescon, Barrieu & Flesch Advogados come in at number three, up from seventh in the corresponding period last year, with 11 deals worth a combined USD 3.8bn. By total value, Mattos Filho also tops the chart with USD 9.4bn in deals, followed by Barbosa Müsnich Aragão, which ranks seventh by volume with seven transactions totaling nearly USD 8.7bn.
Mexico Ranking – 2015
Financial Advisory – Year to Date (YTD)
Banco Santander leads TTR’s financial advisory top-10 ranking in Mexico with two deals totaling USD 654m for the first four months of 2015. Santander was not among the top-10 in Mexico at this time last year. Vace Partners, tied by volume with two deals, falls to second place owing to the less value of the transactions worth a combined USD 478m. Vace also did not appear among the top financial advisors in Mexico in the first four months of 2014. Deutsche Bank, the number three financial advisor in Mexico YTD with a single transaction worth USD 2.55bn, was also absent a year ago, while Citigroup fell from second to fourth with just one deal in both periods to tie with Moelis by value and volume. Moelis advised the opposing party in the same transaction.
Legal Advisory – Year to Date (YTD)
Creel, García-Cuéllar, Aiza y Enríquez continue to hold firm at the top of TTR’s Mexico legal advisory ranking at the close of April, 2015 compared to the same period in 2014 when it also led the top-10. Creel’s deal count is up from nine transactions in the first four months of 2014 to 13 for the corresponding period this year, while the combined value of the firm’s deals grew from USD 637m to USD 2.7bn. Galicia Abogados, in the number two spot by volume, tripled the number of transactions it advised on to six in the first four months of the year, taking the top spot by value with deals totaling just under USD 5.3bn. Jones Day rounds out the top three legal advisors in Mexico YTD with five deals totaling USD 1.96bn. Santamarina y Steta Abogados ranks sixth by deal volume and third by value with three deals worth a combined USD 2.78bn.
