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An exhibit of Arezzo shoes and handbags in Brazil. Paul Hastings advised Arezzo on its licensing and distribution agreement with American footwear and apparel brand Vans. (Photo: Arezzo)
Jon Kellner, Paul Hastings and Peter Baumgaertner, Holland & Knight. (Latinvex collage)
Wednesday, October 9, 2019
Legal Briefs

Holland & Knight, Paul Hastings Advise Deals


Holland & Knight, Paul Hastings, White & Case advise Latin America deals.

BY LATINVEX STAFF

Holland & Knight is advising the parties involved in Brazil-based MRV Engenharia E Participacoes S.A.’s recently announced $200 million investment in Miami-based real estate company AHS Residential; Paul Hastings advised Arezzo Indústria e Comércio (a leader in the women's footwear, handbags and accessories market in Brazil) on its licensing and distribution agreement in Brazil with American footwear and apparel brand Vans and White & Case advised on the Sempra deal in Peru.

HOLLAND & KNIGHT ADVISES MRV INVESTMENT

Holland & Knight is advising the parties involved in Brazil-based MRV Engenharia E Participacoes S.A.’s recently announced $200 million investment in Miami-based real estate company AHS Residential. H&K, along with Brazilian law firm Demarest, represented both MRV and AHS.

The Holland & Knight team advising MRV and AHS was led by partner Peter Baumgaertner and included partners Arman Kuyumjian, Mark Stone and Tara Vance, and associates Anush Yegyazarian, Samantha Peruto and Christopher Marotta. Demarest Advogados served as Brazilian counsel.

MRV, which is Brazil’s largest real estate developer, announced its intention to acquire a 50 percent interest in AHS on September 4.

AHS Residential was founded in 2012 by Rubens Menin Texeira de Souza and CEO Ernesto Lopes to exclusively develop, build and manage high-quality multifamily communities. To date, the company has delivered seven new rental communities throughout Florida, servicing over 3,000 low to middle-income residents, with several new developments currently under construction.

Mr. Rubens Menin is also the founder and chairman of MRV, which has more than 22,000 employees and a presence in more than 158 Brazilian cities.

The investment from MRV will allow AHS to expand its operations throughout the United States.

PAUL HASTINGS ADVISES AREZZO VANS DEAL

Paul Hastings advised Arezzo Indústria e Comércio S.A., a leader in the women's footwear, handbags and accessories market in Brazil, on its licensing and distribution agreement in Brazil with American footwear and apparel brand Vans.

The Paul Hastings team, which advised Arezzo on the transactions, was led by partner Jon Kellner, and included partner Jane Song, who advised on intellectual property matters, of counsel Andrea Campos and associate Filipe Lima.

As part of the agreement, Arezzo will become the exclusive distributor of Vans footwear, apparel, and accessory products in Brazil for five years with the possibility of extension for an additional two years. In conjunction with the licensing and distribution agreement, Arezzo has also entered into an agreement to purchase certain assets from VF do Brasil Ltda. -- including four Vans retail stores -- relating to the commercialization of Vans branded products in Brazil.

GREENBERG ADVISES ELEMENTIA UNIT ON DEAL

Attorneys from global law firm Greenberg Traurig, LLP represented Keystone Cement Company, an indirect subsidiary of Elementia (a Mexican manufacturer of building products for the construction industry), in connection with its agreement to sell its cement business and assets to Lehigh Hanson, Inc., a subsidiary of HeidelbergCement.

The Greenberg Traurig team in the transaction was led by Emilio J. Alvarez-Farré, a shareholder in the Latin American and Iberian Practice Group and the Miami Corporate Practice. He was assisted by Tax Practice Shareholders Leanne Reagan and L. Frank Cordero; Corporate Practice Associate Gabriel Jimenez Garcia; and Real Estate Practice Associate Stephanie Jimenez.  Additional team members included Shareholder Stephen M. Pepper from the New York office Antitrust Litigation & Competition Regulation Practice and Rebecca Tracy Rotem, a practice group attorney in the Corporate Practice of the Washington, D.C. office.

The transaction, which is subject to regulatory approval and other customary conditions, is expected to close in the coming months.

WHITE & CASE ADVISES SEMPRA PERU SALE

White & Case advised Sempra Energy on an agreement to sell its equity interests in its Peruvian businesses, including its 83.6 percent stake in Luz del Sur S.A.A. to China Yangtze Power International (Hongkong) Co., Limited.

The White & Case team that advised on the transaction was led by partners Thomas Lauria and Marwan Azzi, and included partners Greg Pryor, Michael Deyong, David Dreier, Henrik Patel, Arlene Arin Hahn, Damien Nyer and Seth Kerschner, as well as associates Adam Cieply, Jason Krause, Caelah Nelson, Dilara Erik, Arian Mossanenzadeh and Grayson Weeks in New York; partner Vivian Tsoi in Shanghai; and partner Grace Fan-Delatour, local partner Shaohui Jiang and associate Xiaofeng (Allison) Gong in Beijing.

Baker McKenzie advised Yangtze (see this report).

Sempra Energy’s interests will be sold for $3.59 billion in cash, subject to closing adjustments for working capital and net indebtedness. The sale is expected to be completed in the first quarter of 2020, subject to customary closing conditions, including approval of the Peruvian anti-trust authority and the Bermuda Monetary Authority.


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