PA counsels UBS on Argentine investment banking venture

Pérez, Alati, Grondona, Benites & Arntsen has advised UBS BB’s Argentine subsidiary on the launch of a Joint Venture with Banco Patagonia

Due to the Joint Venture with UBS, Banco Patagonia will provide Argentina-based clients with access to investment banking services, M&A and advisory services, and international debt and equity capital markets through UBS BB’s Argentine subsidiary, in an agreement announced last February the 9th.

Under the terms of the agreement, UBS BB affiliates located abroad cannot operate in international capital markets transactions in which the target investors are Argentine residents.

Enrique Vivot, UBS BB’s head of investment banking for the Southern Cone, called the partnership with Banco Patagonia an “opportunity to become a leading investment banking franchise in the country.”

João Pecego, president of Banco Patagonia, highlighted, “we are furthering our strategy to expand our presence in the local market and provide our clients with increased access to the international markets.”

Pérez Alati, Grondona, Benites ´s team  was led by partners María Gabriela Grigioni (pictured left), Luis Diego Barry (pictured centre) and Arnaldo Cisilino (pictured right). Other advisers included counsels Marina Basavilbaso, María Carolina Abdelnabe Vila and Facundo Fernández Santos, and associates Guido Meirovich, Paula Balbi and Pablo Vidal Raffo.

While Banco Patagonia was advised by its in-house counsel.