“Law Firm of the Year Andes“ recognition by LatinFinance
We are pleased to announce that being close to our 10th anniversary of our foundation as a law firm, our firm was awarded the “LAW FIRM OF THE YEAR ANDES” recognition by LatinFinance.
Among the transactions we participated in 2017 that were considered to award us this recognition, two of them were the winners in the region in the “Sovereign Bond of the Year” (Peru’s Euroclear Bond Issue) and “Quasi-Sovereign Bond of the Year” (Petroperú’s Bond Sale) categories.
7th place in Ranking PAR 2017 “Gender Equality in Companies”
Our firm has been recognized as one of the top companies in promoting gender equality in Perú, being ranked in 7th place in Ranking PAR 2017 “Gender Equality in Companies” (3rd Edition). The ranking is organized by Aequales, an organization that promotes empowering women in workplaces. Our firm was being the only law firm and the only company originated in Peru which is among the Top 10 in this ranking that gathered 141 leading companies.
Acquisition of 100% of the shares of BBVA Consumer Finance – Edpyme, Forum Distribuidora S.A. and Forum Comercializadora S.A.
Our firm advised BBVA Banco Continental in structuring the purchase of 100% of shares of BBVA Consumer Finance – Edpyme, Forum Distribuidora S.A. and Forum Comercializadora S.A. The counsel involved the preparation and negotiation of all transaction documents. Amount of the deal: US$ 32 MM.
Advise to Edelnor SAA in obtaining a medium-term loan
Our firm advised Edelnor SAA in structuring and obtaining a medium-term loan. Amount of the deal: S/. 50 MM.
Advice on the capital increase executed by the Lindley family in Arca Continental S.A. de C.V. as a consequence of the Share Purchase Agreement of the year 2015
Our firm advised the Lindley Family with the necessary documents for the capital raise of US$ 400MM that the Lindley Family must execute in Arca Continental as a consequence of the Share Purchase Agreement executed in September 2015. The counsel included the revision of every document, as well as the authorization required by Mexican authorities. Amount of the deal: US$ 400MM.
Counsel to: (i) Gre Dueñas S.A.C. in the sale of 50% of shares in Gre Ves S.A.C. (associated companies of the Lindley family) in favor of Megalurín S.A.C. (part of the Chilean Group Holding Redmegacentro S.A.), (ii) Gre Ves S.A.C. in a capital increase for new cash contributions and credit capitalization, and in the additional loan granted by the shareholders to the company.
Our firm acted as legal counsel for: (i) Gre Dueñas S.A.C. in the sale of 50% of the shares of Gre Ves S.A.C. in favor of Megalurín S.A.C. (part of the Chilean Group Holding Redmegacentro S.A.), (ii) Gre Ves S.A.C. in a capital increase (for new cash contributions and capitalization of credits), and (iii) Gre Ves S.A.C. in the loan granted by its shareholders. This operations commenced the execution of the project that both group to carry on the development, operation and project management of warehouses, offices, showroom and tailor made distribution centers, in a piece of land of 22.73 hectares located in the district of Lurín (property of Gre Ves S.A.C.). Amount of the deal: US$ 36 MM
Sale of shares of Corporation Lindley owned by Arredondo family in favor of Arca Continental
Our firm advised the Arredondo Lindley family in the sale of 38,441,001 common shares and 1,286,026 Investment Shares of Corporación Lindley S.A. in favor of Arca Continental S.A.B. de C.V. This acquisition is the second of Arca Continental in Corporación Lindley’s shares in which Estudio Lazo acted as legal counsel. Amount of the deal: US$ 61 MM.
Sale of shares of Corporación Lindley S.A. for Arca Continental S.A.B. de C.V. – The second largest bottler in Latin America and one of the largest in the world
Lazo & De Romaña Abogados advised the Lindley family in the sale process of their stake of Corporación Lindley S.A. an over 80 year old Peruvian company bottler of Inca Kola, a Peruvian national beverage. The sale implied the transfer of 48% of all of the voting shares of the Corporación Lindley S.A. to Mexican company Arca Continental S.A.B. de C.V., the second largest bottler in Latin America of the Coca-Cola and one of the biggest in the worldwide system. The Lindley family received a payment for US$ 760 million and as part of the agreement the Lindley family will become a shareholder of Arca Continental S.A.B. de C.V. by the acquisition of 64.5 million shares of the Mexican bottler for the amount of US $ 400 million.
Issuance, Exchange and Repurchase of Bonds of the Republic of Perú ($ 3.04 billion)
Lazo & De Romaña Abogados advised the Republic of Perú in its successful issuance, exchange and repurchase of Bonds in the domestic and international capital market.
Exchange of Bonos Soberanos and Global Bonds due 2015, 2016, 2019 and 2020 for new Bonos Soberanos due 2024 for an amount of S/. 3,421,433,172.00
Reopening US$ Global Bond Due 2050 for an amount of US$ 500,000,000.00
Repurchase of Bonos Soberanos and Global Bonds due 2015, 2016, 2019 and 2020 for an amount of S/. 1,550,584,396.00
New issuance of Bonos Soberanos 5.70% Due 2024 for an amount of S/. 7,128,422,000.00
This transactions combined represent a total of 8.86 billion soles, the biggest debt transaction for the Republic of Perú.
Operation of cancellation of debt and new financing for Group Wiese
Lazo & De Romaña Abogados has participated as legal adviser in the cancellation of the funding granted by Bancolombia Panama S.A. in February 2014, a Holding Plaza S.A. & W Capital Retail I (investment fund managed by W Capital SAFI S.A.), both entities are part of the Wiese Group, for a total of US$ 60 million; as well as a new funding granted by Banco de Crédito del Perú to Holding Plaza S.A. for an amount of S/. 130 million of Nuevos Soles.