TozziniFreire act in the negotiation between Lumen and Stonepeak

Lumen Technologies sold for US$2.7 billion its whole Latin American business to Patagonia Holdco. LLC, company formed at the direction of Stonepeak Partners LP, a leading alternative investment firm. Under the terms of the purchase agreement, Lumen divested its Latin American business, which will operate as Cirion, an independent portfolio company of Stonepeak.

Cirion is led by CEO Facundo Castro, Lumen’s former regional president for LATAM. During the transaction, TozziniFreire assisted Stonepeak in relation to the regulatory aspects of the transaction before Anatel in Brazil.

TozziniFreire Advogados advised Centurylink Comunicacoes do Brasil and relied on partner Marcela W. Ejnisman (pictured), associates Tulio Belem de Andrade, Barbara Correa de Queiroz and Julia Parizotto Menzel.