Pinheiro Guimarães, White&Case, FLH and other firms act on Biosev debt restructuring
Pinheiro Guimarães and White&Case acted as counsel to lenders, FLH acted as the sole brazilian counsel to Biosev and Hédera
The deal dealt with the R$7 billion financial debt restructuring of Biosev S.A. and Biosev Bioenergia S.A.
The debt was partially settled with funds from the merger and acquisition transaction between Biosev S.A. and Raízen S.A., while the remaining R$3 billion was assumed by Hédera Investimentos e Participações S.A. (LDC Group).
The transaction was carried out over more than 12 months, involving more than 15 domestic and international financial institutions, multi-jurisdictional parties (including multiple agents and escrow agents) and a variety of restructured debt instruments. The debt restructuring was negotiated and implemented simultaneously with Raízen’s acquisition of Biosev, all conducted during the registration of Raízen’s IPO.
Pinheiro Guimarães and White&Case LLP have advised Banco BNP Paribas Brasil S.A., Banco Bradesco S.A., Banco BTG Pactual S.A., Banco do Brasil S.A., Banco Santander (Brasil) S.A., Banco Votorantim S.A., Itaú Unibanco S.A., ING Bank N.V. and Cooperatieve Rabobank U.A.
Pinheiro Guimarães’ team involved in the transaction was led by partner Sergio Ramos Yoshino (pictured left) and included partner Camila Ohno and associates Lucas Manzoli de Almeida, Conrado Davoli, Ana Beatriz do Amaral Gurgel Prado Santos and Julia Machado Barreto.
White & Case LLP’s team involved in the transaction was led by partner John Anderson (pictured centre) and involved Alfredo Hwang and Dale Sheedy.
FLH Advogados represented Biosev and Hedera with team formed by partner Gabriel Buscarini Leutewiler (pictured right) and lawyers Murilo Balarin Prado and Maria Victtoria Oliveira.
Tauil & Chequer Advogados in association with Mayer Brown advised a syndicate of seven banks: Ing Bank N.V., Crédit Agricole Corporate And Investment Bank, Société Générale, Banco Bnp Paribas Brasil S.A., Natixis, Abn Amro Bank N.V., Coöperative Rabobank U.A.
The team of Tauil & Chequer Advogados in association with Mayer Brown was led by partners Eduardo Lima, Guilherme Tranquilini, counsel Priscilla Santos, and associate Theodoro Scott. From Mayer Brown, partners Doug Doetsch, Ashley McDermott and Devi Shah, associates Erica Arcudi, Clare Betteridge, David Fraher and Chris Street.
Norton Rose Fulbright, Loyens & Loeff N.V. and Pestalozzi Attorneys at Law Ltd. also acted in this deal.
