Brazilian renewable assets back in vogue

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LATIN AMERICA

BRAZIL: Foreign investors boost renewable energy investments

The number of transactions in Brazil’s renewable energy segment grew by 16% in 2015 compared to the previous year, according to TTR data (www.TTRecord.com).

The participation of foreign investors in the renewables industry jumped by 89%, meanwhile, with 17 deals led by international buyers in 2015 compared to nine the previous year.

CHILE: Financial services deals double in 2015

The volume of financial services deals in Chile more than doubled in 2015 compared to the previous year, with a 122% increase according to TTR data (www.TTRecord.com).

The number of financial services deals led by international investors jumped by 200%, meanwhile, with 15 such transactions in 2015 compared to  five in 2014.

Rankings / League Tables

Latin America Ranking – 2015

Financial Advisory – Full year Rankings

Banco Itaú BBA leads TTR’s Latin America financial advisory ranking for the full year of 2015 with 65 transactions together worth USD 27.4bn, a 4% decline in deal volume and a 23% increase in combined deal value compared to 2014, when it advised on 68 deals together worth USD 22.2bn. Banco BTG Pactual follows in second place, as it did in 2014, with 49 transactions worth a combined USD 17.5bn, representing a 29% increase in deal count and a 17% increase in combined deal value relative to its performance the previous year when it advised on 38 deals, together worth USD 15bn. Banco Bradesco BBI climbed one position relative to its 2014 performance to take third place with 26 transactions worth a combined USD 18.7bn compared to 17 worth USD 6.7bn in 2014, representing a 53% jump in volume and a 179% increase in aggregate value. Banco Santander fell from third in 2014 to fourth in 2015, meanwhile, closing 13 deals worth a combined USD 8.7bn in 2015 compared to 19 worth USD 8.3bn in 2014, a 32% decline in deal volume and a 5% increase in aggregate value. BBVA, in fifth, also with 13 deals in 2015 region-wide, in its case worth USD 3.3bn, was not among the top 10 financial advisors in the region in 2014. BR Partners climbed from its tenth place ranking in 2014 to take sixth for the 12 months ending 31 December 2014, with 12 transactions under its belt together worth just over 1.3bn compared to 11 worth just under USD 1.4bn the previous year. BAML fell from fifth in the 2014 chart to seventh in the 2015 ranking, its deal volume down 38% from 16 transactions to 10, its aggregate value falling 78% from USD 13.6bn to USD 3bn. Vinci Partners ranks eighth, PwC ninth and IGC Partners Assessoria Empresarial tenth in the 2015 chart, none of the three having placed among the top 10 in 2014.

Legal Advisory – Full year Rankings

Baker & McKenzie leads TTR’s Latin America legal advisory ranking for 2015, as it did in 2014, despite its deal volume for the year falling 26% from 34 to 25 deals and the aggregate value of those transactions falling 82% from USD 10.5bn to USD 1.9bn. Jones Day ranks second with 21 deals under its belt in 2015 worth a combined USD 2.7bn, up 50% in deal volume and 37% by aggregate value from 14 transactions worth a combined USD 2bn in 2014, when it ranked fourth. Skadden, Arps, Slate, Meagher & Flom ranks third with 12 deals together worth USD 1.2bn, up 300% by volume and 253% by aggregate value compared to its performance in 2014, when it didn’t rank among the top 10 firms practicing in the region. White & Case fell from second in 2014 to fourth in 2015, its deal volume down 42% to 11 deals from 19 the previous year and aggregate deal value down 98% from USD 11bn to USD 228m. Clifford Chance added one deal to its performance of 2014 and climbed from eighth to fifth in the chart, notwithstanding the 39% drop in the aggregate value of its mandates from USD 24.6bn to USD 15.1bn. Greenberg Traurig fell from fifth in 2014 to sixth in 2015, its deal volume falling from 13 to eight, the aggregate value of its mandates down 87% from USD 1.6bn to 207m. Linklaters climbed from ninth to seventh in the chart, despite deal volume falling from nine to seven and its combined deal value falling 48% from USD 11.2bn to USD 5.9bn. Shearman & Sterling climbed two positions in the chart from tenth in 2014 to take eighth in 2015, also with seven deal mandates compared to nine the previous year, its aggregate deal value falling 29% from USD 1.9bn to USD 1.3bn. Holland & Knight, in ninth, was not among the top 10 firms in 2014, nor was Sullivan & Cromwell, bringing up the rear in tenth place.

Brazil Ranking – 2015

Financial Advisory – Full year Rankings

Banco Itaú BBA leads TTR’s Brazil financial advisory ranking for 2015 with 56 transactions worth a combined USD 26bn, just one deal behind its 2014 performance when it also led the chart. The leading bank’s aggregate deal value jumped 238% meanwhile, from USD 7.7bn in 2014. Banco BTG Pactual follows in second with 37 advisory mandates in 2015, up from 34 in 2014, when it also ranked second. BTG Pactual grew aggregate deal value by 17% from USD 14bn to USD 16.3bn between 2014 and 2015, meanwhile. Banco Bradesco BBI climbed one position relative to 2014 to take third place in the chart, its volume up 47% from 17 to 25 deals, the aggregate value of its transactions up 179% from USD 6.7bn to USD 18.7bn. BR Partners climbed from fifth to take fourth, despite advising on one deal less in 2015 than the previous year and a drop in its aggregate deal value from USD 1.4bn to USD 1.3bn. Vinci Partners, in fifth, advised on 10 deals in both 2014 and 2015, the aggregate value of those deals up 45% from USD 328m to USD 476m from one year to the next. BAML climbed from eighth to sixth, despite volume falling from nine to eight deals and the combined value of its transactions down 26% from USD 4bn to USD 3bn. IGC Partners Assessoria Empresarial, in seventh, also advised on eight deals in 2015, in its case worth USD 152m. IGC was not among the top 10 financial advisors in Brazil in 2014. Rothschild climbed from ninth to eighth despite advising on one deal less in 2015. Its aggregate deal value was up 188% from USD 4.6bn to USD 13.2bn. Banco Santander fell from third in 2014, when it advised on 34 deals in Brazil, to ninth in 2015, when it advised on six transactions, while the combined value of its transactions fell 20% from USD 7.8bn to USD 6.2bn. PwC brings up the rear in tenth place, also with six transactions, in its case worth USD 60m. PwC was not among the top 10 financial advisors in Brazil in 2014.

Legal Advisory – Full year Rankings


Pinheiro Neto Advogados leads TTR’s Brazil legal advisory ranking for 2015 with 71 transactions worth a combined USD 17.2bn, compared to 72 in 2014 together worth USD 11.8bn. Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados ranks second, as it did in 2014, with 63 deals together worth USD 13.6bn, an 11% decline in volume and a 26% drop in aggregate value relative to its 71 mandates worth USD 18.4bn combined in 2014. Machado, Meyer, Sendacz e Opice Advogados ranks third, as it did for 2014, its deal volume down from 56 transactions to 51, its aggregate deal value up 277% from USD 3.7bn to USD 14bn. Souza Cescon Advogados climbed from seventh in 2014 to take fourth in 2015, advising on 47 deals worth USD 8.3bn in aggregate, compared to 35 worth USD 11.5bn the previous year. Veirano Advogados ranks fifth, as it did in 2014, also with 47 deals in 2015, in its case worth a combined USD 1.7bn, representing a 45% decline in aggregate deal value from USD 3bn the previous year. Barbosa, Müssnich, Aragão ranks sixth with 38 transactions in 2015 together worth USD 11bn, compared to 34 the previous year worth USD 11.6bn when it ranked ninth. Demarest Advogados follows in seventh with 36 deals worth USD 2.8bn in aggregate, up from 34 worth USD 9.4bn combined in 2014, when it ranked tenth. TozziniFreire Advogados ranks eighth with 30 deals in 2015 worth USD 1.2bn combined, compared to 42 in 2014 worth USD 7.2bn, when it ranked sixth. Pinheiro Guimarães Advogados, in ninth, and Azevedo Sette Advogados, in tenth, were not among the top 10 M&A firms practicing in Brazil in 2014.

Mexico Ranking – 2015

Financial Advisory – Full year Rankings

BBVA leads TTR’s Mexico financial advisory ranking for 2015 with nine transactions worth a combined USD 2.9bn, compared to six worth USD 239m in 2014 when it also led the chart. Banco Santander follows in second with four deal mandates for the year worth USD 1.5bn combined, up from one in 2014 worth USD 1.3bn when it ranked tenth. Citigroup, in third, also advised on four deals in Mexico in 2015, in its case worth USD 1.3bn, up from two the previous year worth USD 1.7bn, when it ranked fifth. Pablo Rión y Asociados closed 2015 ranked fourth, also with four mandates for the year. Evercore Partners ranks fifth with three transactions and Alfaro, Dávila y Ríos sixth with two. Credit Suisse Group ranks seventh, advising on two deals for the year in Mexico, as did Lazard, ranked eighth, and Vace Partners, in ninth. BAML, in tenth, was the only firm below third place that appeared among the top 10 in 2014, when it ranked seventh for its two deals worth USD 634m combined.

Legal Advisory – Full year Rankings

Creel, García-Cuéllar, Aiza y Enríquez leads TTR’s Mexico legal advisory ranking for 2015, as it did in 2014, with 28 mandates worth a combined USD 13bn compared to 25 worth USD 9bn the previous year, a 12% increase in volume and a 46% increase in aggregate value. Mijares, Angoitia, Cortés y Fuentes follows in second, as it did in 2014, with 18 deals together worth USD 4.4bn, compared to 15 worth USD 3bn the previous year, representing a 20% increase in deal volume and a 48% jump in the combined value of its transactions. Galicia Abogados climbed from fifth to take third, advising on 12 deals together worth USD 2.8bn, compared to eight worth USD 1.2bn in 2014, a 50% upswing in volume and a 138% jump in combined value. White & Case México fell one position to take fourth, its deal volume down 18% from 11, its aggregate deal value down 94% from USD 3.2bn in 2014. Jones Day México takes fifth, advising on eight deals in 2015 worth a combined USD 2.2bn, after not appearing among the top 10 M&A firms practicing in the country in 2014. Basham Ringe y Correa climbed from tenth to take sixth, advising on six transactions worth a combined USD 1.4bn in 2015 compared to four in 2014 worth USD 2.3bn. Holland & Knight México added one deal to its performance the previous year and climbed one position in the chart to take seventh place, with six transactions together worth USD 547m. Its five deals in 2014 were worth USD 2.3bn combined. Ritch Mueller, in eighth, also advised on six deals in 2015, in its case worth a combined USD 286m, representing a 33% decline in volume and a 90% decline in aggregate value from nine the previous year worth USD 2.8bn, when it ranked fourth. Nader Hayaux & Goebel Abogados closed 2015 in ninth place with five deals together worth USD 8.2bn, compared to six worth USD 132m the previous year when it ranked seventh. Despite a modest drop in deal volume, the aggregate value of its transactions grew 6,000%. Santamarina y Steta Abogados, in tenth, rounds out the chart for 2015 after not placing among the top 10 firms practicing in Mexico in 2014.

El importe de operaciones de M&A en España durante el tercer trimestre aumenta un 99,95% respecto al mismo periodo de 2014

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Informe trimestral sobre el mercado transaccional ibérico

  • En total se han contabilizado 426 operaciones por un importe de EUR 43.523,5m
  • El sector inmobiliario es el más activo del trimestre, con 95 transacciones
  • El importe registrado durante lo que va de 2015 supera al de los cuatro años anteriores

Madrid, 13 de octubre de 2015.– El capital movilizado en el mercado transaccional español durante el tercer trimestre del año ha registrado un aumento interanual del 99,95%, hasta situarse en EUR 43.523,5m, según el informe trimestral de TTR (www.TTRecord.com). El número de operaciones, sin embargo, se ha reducido ligeramente hasta las 426, frente a las 438 transacciones registradas en el tercer trimestre de 2014.
De las 426 operaciones, 319 corresponden a transacciones de M&A, mientras que 107 se contabilizan como private equity o venture capital (o ambas a la vez). A este respecto, se registran 48 transacciones de private equity y 64 de venture capital.
En términos sectoriales, el sector inmobiliario es el que cuenta con más dinamismo, al contabilizar 95 operaciones. Le siguen el tecnológico, con 66, y, a una distancia considerable, el financiero y de seguros y el de Internet, con 28 transacciones cada uno.

Balance de 2015
En términos anuales también se ha superado el importe registrado durante la totalidad de los cuatro años anteriores, a falta de tres meses para que concluya el ejercicio. En concreto, el importe de las operaciones de 2015 es un 25,77% superior al de 2014, pese a que aún no se ha alcanzado el número de operaciones de este año (1.338 frente a 1.662), un 144,34% superior al de 2013, y un 236,10% mayor que en 2012.
Estos registros elevados responden a la realización de grandes operaciones como la creación de Coca-Cola European Partners, la venta de Telefónica UK (O2) por parte de Telefónica, la adquisición de Talisman Energy por parte de Repsol, o la OPA de Orange sobre Jazztel, entre otras.

Ámbito cross-border
Por lo que respecta al ámbito cross-border, en el tercer trimestre de 2015 las empresas españolas han elegido a Estados Unidos (9), Portugal (6), Brasil (4) y Reino Unido (4) como los principales destinos de sus inversiones por número de operaciones. En términos de volumen de inversión, Reino Unido es el gran destacado, con un capital movilizado de EUR 22.384,3m, como consecuencia de la fusión de Coca-Cola Erfrischungsgetränke, Coca-Cola Iberian Partners (CCIP) y Coca-Cola Enterprises en Coca-Cola European Partners, una operación con un importe de EUR 20.000m.
Por otro lado, son Estados Unidos, con 23 operaciones, Reino Unido, con 22, Francia, con 15, y Alemania, con 12, los países que mayor número de inversiones han llevado a cabo en España. Por importe destaca nuevamente Reino Unido, con un desembolso de EUR 2.104,1m, Estados Unidos, con EUR 1.465,6m, y Francia, con EUR 1.102,8m.

Private equity y venture capital
Durante el tercer trimestre de 2015 se han contabilizado 48 operaciones de private equity con un capital movilizado de EUR 4.697,0m.
Por su parte, se han registrado 64 transacciones de venture capital con un capital movilizado de EUR 399,6m, el importe más alto de los últimos cuatro trimestres.

Mercado de capitales
En el mercado de capitales español se han cerrado durante el tercer trimestre de 2015 un total de nueve ampliaciones de capital con un importe conjunto de EUR 1.765,53m, y ocho salidas a Bolsa con un capital movilizado de EUR 1.091,18m.

Transacción del trimestre
Para el tercer trimestre de 2015, TTR ha seleccionado como transacción destacada la Oferta Pública de Venta de Euskaltel valorada en EUR 763,88m, que supone su salida a Bolsa. La transacción ha estado asesorada por la parte legal por Freshfields Bruckhaus Deringer España, Freshfields Bruckhaus Deringer UK, Freshfields Bruckhaus Deringer US, Uría Menéndez España, PwC Tax & Legal España, Cuatrecasas, Gonçalves Pereira España y Mayer Brown. Por la parte financiera ha asesorado Rothschild, y KPMG Auditores España y PwC España han actuado como auditores.

Ranking de asesores financieros y jurídicos
El informe publica los rankings de asesoramiento financiero y jurídico de 2015 de M&A, Private Equity y Mercado de capitales, donde se informa de la actividad de las firmas destacadas por número de transacciones y por importe de las mismas.

Nota: Adjunto podrá encontrar el informe completo con todos los datos detallados. Se trata de una versión exclusiva para prensa y utilización del periodista que no puede ser distribuida a través de ningún medio.

Para más información:
Daniel Hernández / Leticia Garín
TTR – Transactional Track Record
T (ES) +34 91 279 87 59
daniel.hernandez@ttrecord.com / leticia.garin@zuvinova.com
www.TTRecord.com

TTR – Transactional Track Record es un servicio premium online de apoyo a las decisiones de inversores, empresarios y asesores. Incluye la mayor base de datos de transacciones del mercado hispano-portugués, así como el acceso a los detalles financieros de las empresas implicadas.

América Latina – El número de fusiones y adquisiciones en América Latina aumenta en el primer trimestre del año un 7.7% respecto al año anterior

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Latam-1T

Informe trimestral sobre el mercado transaccional latinoamericano

  • En total en los tres primeros meses del año se han registrado 461 transacciones
  • El volumen de inversión en este periodo alcanza los USD 29,020.7m
  • Norteamérica y Europa, las que más adquisiciones han realizado en la región

Madrid, 13 de abril de 2015.- Las cifras de los tres primeros meses del año dejan ver un escenario positivo en el mercado de fusiones y adquisiciones en América Latina y el primer trimestre del año el número de operaciones ha aumentado un 7.7% respecto al mismo periodo del año anterior, según el informe anual de TTR (www.TTRecord.com) ). En total, se han registrado 461 transacciones por un importe total de USD 29,020.7m.

Por países, Brasil sigue como líder indiscutible con 213 operaciones y un aumento interanual de cerca del 18%. Le sigue México que ha registrado 75 operaciones, lo que supone un crecimiento del 4.2% y Chile que con 46 deals ha crecido un 17.9%.

Entre las transacciones más relevantes destaca la compra por parte de Tiendas Soriana de un conjunto de establecimientos de retail que estaban en manos de Controladora Comercial Mexicana – CCM por un importe de USD 2,612m; así como el cierre de la adquisición por parte de AT&T de Iusacell por USD 2,500m.

En el ámbito cross-border, destaca el apetito inversor de las compañías latinoamericanas en el exterior especialmente en Europa, donde han llevado a cabo 17 adquisiciones y Norteamérica, con 11 compras. En cambio, las compañías que más transacciones estratégicas han realizado en América Latina procedían de Europa, con 71, Norteamérica (61), Asia (12) y Oceanía (3).

En el segmento de private equity, en el primer trimestre del año se han registrado 27 transacciones por un importe total de USD 722.53m. Por países, Brasil ha sido el más activo con 20 operaciones protagonizadas por private equities seguido por México y Colombia, ambos con 4.

En el mercado de capitales, a pesar de no haberse registrado aún salidas a bolsa en América Latina, sí se han llevado a cabo siete ampliaciones de capital por un valor total de USD 666.71m.


Transacción destacada

En el primer trimestre de 2015, TTR ha seleccionado como transacción destacada la compra por parte de la argentina Pluspetrol de la estadounidense Apco Oil & Gas International por un importe de USD 427m. En la operación han intermediado como asesores legales la firma estadounidense Weil, Gotshal & Manges y la argentina Pérez Alati, Grondona, Benites, Amtsen & Martínez de la Oz. En la parte financiera ha participado la consultora estadounidense Jefferies.


Ranking de asesores financieros y jurídicos

El informe publica los rankings de asesoramiento financiero y jurídico del primer trimestre de 2015 de M&A y Mercado de capitales, donde se informa de la actividad de las firmas destacadas por número de transacciones y por importe de las mismas.

Para más información:

Leticia Garín

TTR – Transactional Track Record

Tlf. + 34 91 279 87 59

leticia.garin@TTRecord.com

www.TTRecord.com

 

TTR – Transactional Track Record es un servicio premium online de apoyo a las decisiones de inversores, empresarios y asesores. Incluye la mayor base de datos de transacciones del mercado hispano-portugués, así como el acceso a los detalles financieros de las empresas implicadas.

Food deals spike in Brazil

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LATIN AMERICA

BRAZIL: Uptick in food industry deals

Food industry transaction volume year-to-date in 2015 shot up 120% compared to the same period in 2014. Among the most noteworthy deals was the 50% acquisition of dairy products company Danubio by Vigor Alimentos for BRL 156.25m.
Acquisitions are brisk among Brazilian companies expanding abroad in the dairy industry, with two deals targeting Swiss producers and another a Colombian.
Brazil--Map-(GIF)---Brazil-Graph-(GIF)

 
PANAMA: Colombian buyers step up acquisitions in Panama
Colombian acquirers increased their exposure to the Panamanian market making the Central American logistics hub a focus for buys in early 2015. Of a total of nine cross-border acquisitions launched by buyers from Colombia between January and mid-March, three had Panama-based targets, yielding a combined transaction value of some USD 372m, compared to only one deal in the isthmus with an undisclosed value in the corresponding period of 2014.Panama-Map-(GIF)Panama-Graph-(GIF)--

Rankings / League Tables

Latin America Ranking – 2015

Financial Advisory – Year to Date (YTD)
Latam-Financial(1)
Brazil’s BTG Pactual leads the regional financial advisory rankings in Latin America by volume with a total of five deals YTD worth USD 8bn. Bradesco trails the top three advisors by volume but surpasses all by deal value with three deals worth a combined USD 9.38bn. By this time last year it also had also advised on three deals, though worth only USD 623.39m. Spain’s Banco Santander rose from sixth in the corresponding period of 2014 to take the number two spot by volume, while Itaú BBA fell from number one in 2014 to third in mid-March 2015 with four deals worth a respectable USD 4bn.
Legal Advisory – Year to Date (YTD)
 Latam-Legal(1)
Sullivan and Cromwell leads the YTD Latin America legal advisory ranking by value with three deals worth nearly USD 4.8bn, while Jones Day maintains the lead regionally by volume with six deals worth a combined USD 2bn. Jones Day rose from the number six spot in the corresponding January to mid-March period of 2014. Sullivan didn’t even appear among the top-10 for the corresponding period of 2014, but two hefty acquisitions for client AT&T sent the firm to the top by mid-March, 2015. Baker McKenzie rose from the number 10 spot in the corresponding period of 2014 to the number three position meanwhile, with three deals worth USD 373m YTD.

Brazil Ranking – 2015

Financial Advisory – Year to Date (YTD)
Brazil-Financial(1)
BTG Pactual leads the Brazilian financial advisory ranking YTD, having bumped last year’s leader at mid-March Itau BBA to number two spot. Bradesco rose from fifth by number of deals to number three spot while increasing the combined value of its deals 15-fold to a whopping 9.38bn. An appearance by Rothschild among the top ten at the number five spot with just two deals valued at a combined USD 7.83bn is nothing to scoff at.
Legal Advisory – Year to Date (YTD)
Brazil-Legal(1)

 

Demarest Advogados has had a great year so far, rising from sixth by mid-March 2014 to lead the ranking by volume, followed by Mattos Filho, whose nine deals valued at USD 7.9bn position it at number two by number of deals. Barbosa, Müssnich & Aragão at fifth by volume was absent from the top 10 at this point in 2014, and can now boast YTD transactions worth USD 9bn to lead its peers by combined deal value.

 

 

Mexico Ranking – 2015

Financial Advisory – Year to Date (YTD)
Mexico-Financial(1)

 

The financial ranking YTD in Mexico is characterized by few deals to set the advisors apart. As a result, Citigroup’s top position is shared with Moelis & Company in the same way it shared its lead in 2014 at mid-March with Centerview Partners. BBVA and Santander similarly share the number three and number four slots having advised on the same transaction, happily, nonetheless, as neither appeared in the top 10 ranking for the corresponding period of 2014.
Legal Advisory – Year to Date (YTD)

Mexico-Legal(1)

Creel, García-Cuéllar, Aiza y Enríquez can boast about holding its top ranking YTD compared to the same period in 2014, though in 2015 the USD 2.48bn combined value of its five transactions blows away its performance of 1Q14 when the value of its five deals didn’t hit USD 100m. At number two, Galicia has everything to celebrate with its combined transaction value of USD 5.2bn for three deals. Mijares, Angoitia, Cortés y Fuentes fell a spot to number three but grew its combined deal value slightly over the same period of 2014 to USD 1.52bn.

Mexican Big-ticket deals take larger share of M&A market in early 2015

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LATIN AMERICA

MEXICO: Big-ticket deals take larger share of M&A market in early 2015

Big-ticket deals valued at more than USD 500m have taken a larger share of the transactional market year-to-date in 2015. Six closed and announced transactions in January added up to total deal value of USD 9.53bn, compared to only four deals exceeding the USD 500m threshold totalling USD 3.78bn in the January-February period of 2014.

 


BRAZIL: Technology on a Roll
The volume of technology sector acquisitions in Brazil rose 150% in the first two months of 2015 compared to the same period last year.

Rankings / League Tables

Latin America Ranking – 2015

Financial Advisory – Year to Date (YTD)
BTG was ousted from its top spot in the Latin America financial advisory ranking by Banco Santander, which advised on five deals valued at USD 4.49bn in the first two months of 2015.
Legal Advisory – Year to Date (YTD)
 
A completely new set of US legal advisors comprised the top-10 ranking for the first two months of 2015 compared to the same period last year. Cleary Gottlieb Steen & Hamilton was the only legal advisor with a repeat appearance, falling from fifth to sixth in the top-10 ranking between the two periods.

Brazil Ranking – 2015

Financial Advisory – Year to Date (YTD)
BTG Pactual rose to the top of the financial advisory ranking in Brazil for the first two months of 2015, bumping Itau, which held the top position for the corresponding period of 2014, to second place. Spain’s Banco Santander rose from eighth to take the number three spot over the same period of 2014.
Legal Advisory – Year to Date (YTD)

 

Mattos Filho jumped from fourth in January-February, 2014 beating out the competition to take the leading position in the first two months of 2015 by advising on seven deals worth USD 3.92bn. For the same period in 2014 it advised on eight transactions worth USD 2.48bn.

 

 

Mexico Ranking – 2015

Financial Advisory – Year to Date (YTD)

 

Citigroup moved into the top financial advisory position with its sole USD 1.23bn transaction in the first two months of 2015. In the same period of 2014 it shared the top spot with Centerview partners, also with one deal valued at USD 1.68bn.

Legal Advisory – Year to Date (YTD)

Creel, Garcia-Cuéllar, Aiza y Enriquez rose from number two to top Mexico’s legal advisory ranking in the first two months of 2015, advising on four deals worth a combined USD 2.48bn. Galicia rose from the number four stop to take the number two position in the YTD ranking by number of deals, while topping the chart by value with a whopping USD 5.2bn combined deal value from three transactions.