Dias Carneiro advised IFC in cross-border financing for Drylock
Dias Carneiro Advogados advised the International Finance Corporation (IFC) on a USD 30 million cross-border loan to Drylock Technologies Brasil, a leading manufacturer of disposable hygiene products for babies and adults, including baby diapers, adult incontinence products and feminine hygiene items. The financing supports the construction of a new manufacturing plant in the greater São Paulo region.
The transaction contributes to the modernisation of Drylock’s industrial operations in Brazil, supporting increased production capacity, technological upgrading and job creation in the São Paulo region. The deal illustrates the role of long-term capital in fostering sustainable industrial growth and strengthening Brazil’s manufacturing sector.
Dias Carneiro Advogados acted as Brazilian legal counsel to IFC and relied on partners Thiago Vallandro Flores (pictured left) and Gustavo Junqueira (pictured right); associates Matheus Abud Cotrim and Nina Goldman Cavalcanti.
HSFK was legal counsel to IFC (New York) and relied on partner Edward Dougherty; and associates Maria Falcão de Andrade; Danielle MacGillivray; and Ariel Wang.
L.O. Baptista Advogados was legal counsel to Drylock and relied on partner Vladimir Miranda Abreu; and associates Thiago Augusto Lopes; and Nathalia Fernandes Gonçalves.
In-house counsel
IFC: Myles Francis Doherty, Hary Riserio Herstig, Maria Seijas, and Camila Lima Guerra.
Drylock: Camila Peixoto Olivetti.
