Financing
Private Equity/M&A
Corporate and Securities

Financing

Acquisition and Bank Financing

• Banco Davivienda. We advised JPMorgan Chase and Credit Suisse on the $250 million syndicated financing for Banco Davivienda, to finance its acquisition of Granbanco from the Colombian government.

• Camposol.  We represented Credit Suisse, as arranger, on the first major credit granted by a foreign bank to the agro-industry in Peru, in a facility to Camposol.

• Comunicaciones Móviles del Perú, S.A. We represented ABN AMRO Bank N.V. as sole arranger and administrative agent in a $200 million credit facility for Comunicaciones Móviles del Perú, S.A., which loan was guaranteed by the borrower's parent, Telefónica, S.A.
  
  
• Compania Minera Milpo. We represented Credit Suisse in connection with its US $130 million financing of the acquisition by Compania Minera Milpo — Peru's fourth-largest lead and zinc producer — of a controlling interest in Compania Minera Atacocha, another Peruvian mining company.
  
  
• Phoenix Packaging. We represented Standard Bank in its $85 million multi-currency, multi-tranche secured financing for Phoenix Packaging Group, the Latin American plastic packaging and food-service disposable products company, with operations in Colombia, Mexico and Venezuela.
  
  
• Ronair/Credit Suisse. We represented Credit Suisse in a $40 million financing for Ronair N.V., a subsidiary of Avianca, the leading Colombian airline.  Proceeds of the loans were used in connection with the purchase by Avianca of Tampa Cargo S.A., a Colombian cargo airline.  The financing involved complex tax and corporate issues of Colombian, Dutch, Netherlands Antilles and Panamanian law.

Structured Financing, Securitization, and Derivatives

• Government of Peru. We advised Merrill Lynch & Co., as arranger and initial purchaser, in a $1.2 billion offering of pass-through notes by a special purpose entity supported by future payments by the Government of Peru under obligations relating to construction concessions issued to concessionaires, and purchased by the issuer.
  
  
• Banco de Crédito de Perú. We represented Standard Chartered Bank, as arranger, in a Rule 144A/Reg S $100 million offering of notes secured by Dollar-denominated diversified payment rights sold by Banco de Crédito de Perú. This issuance was wrapped by Ambac Assurance Corporation.

Project and Lease Financing

• Empraport. We are acting for Empresa Brasileira de Terminais Portuários SA, a port operator and part of the Coimex Group, on all aspects relating to the financing of an expansion to the port of Santos, Brazil which is expected to be the biggest multi-purpose port in Brazil once completed.
  
  
• Jorge Chávez International Airport.  We advised Merrill Lynch as underwriter on the $165 million refinancing of the Jorge Chávez International Airport in Lima. This transaction involved revising the existing project finance structure to reflect the take-out of the original lenders with the proceeds from the issuance of global notes. This project was awarded Latin American Infrastructure Bond Deal of the Year 2007 by Project Finance Magazine.
  
  
• Sincor. We represented Duff & Phelps Credit Rating Co., as rating agency, in the $1.2 billion, 14-year syndicated loan for Total Venezuela, PDVSA Sincor S.A. and Statoil Sincor AS relating to the Sincor extra-heavy crude project, secured by (among other collateral) exports of crude oil.
  
  
• Termoflores, Colombia. We represented Illinova Generating Company in connection with its investment in a 400MW gas-fired power project, including negotiation of the related EPC contract, gas supply and transportation arrangements and power purchase agreements. 
  
  
• Aguaytia Energy, Peru. We represented Illinova Generating Company in connection with its investment in Aguaytia Energy LLC and its integrated gas field and 155MW gas-fired power project and project financing thereof by Trust Company of the West (TCW) and the Inter-American Development Bank (IDB).
  
  
• Las Cristinas. We represented Corporación Venezolana de Guayana (CVG) as equity participant in a proposed $250 million financing, on a project basis, of the Las Cristinas gold mine, sponsored by Placer Dome Inc. and CVG.
  
  
• Tramo 5.  We represented BNP Paribas as arranger of an approximately $254 million 144A/ Reg S offering of three Series of Pass-Through Notes by a special purpose entity supported by future payments by the Government of Peru under obligations relating to a construction concession relating to the Tramo 5 segment of the IIRSA Sur toll-road project.

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Private Equity/M&A

• Fondo de Valores Inmobiliarios. We advised Equity International Properties Ltd. in connection with its investment in Fondo de Valores Inmobiliarios, a Venezuelan real estate company.
  
  
• Kappa Energy. We advised Kappa Energy, a leading independent Colombian upstream oil and gas company, in connection with its sale to Pacific Rubiales Energy Corp. for $168 million.

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Corporate and Securities

Securities

• Banco Pichincha.  We represented Standard Bank as solicitation agent in the Consent Solicitation by Banco Pichincha C.A. for $25 million Floating Rate US Treasury-Collateralized Convertible Bonds due 2012. This transaction was a modification of the first collateralized bond offering ever completed in Ecuador.
  
  
• C.A. La Electricidad de Caracas. We represented ABN AMRO, as underwriter, in a $260 million high-yield bond offering by Electricidad de Caracas Finance B.V., guaranteed by C.A. La Electricidad de Caracas.
  
  
• Graña y Montero, Peru.  We represented the Inter-American Development Bank and FMO, as partial credit guarantors of a $50 million bond offering by a special purpose trust, supported by Graña y Montero accounts receivable.