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White & Case advised EIG on its $390 million acquisition of Brazilian offshore oil and gas company Ocyan. (Photo: Ocyan)
Stephen Double, Holland & Knight; Raúl Mañón, Square Patton Boggs and Adam Brenneman, Cleary Gottlieb. (Latinvex collage)
Monday, January 8, 2024

White & Case Advises EIG Brazil Deal

Cleary, Shearman, Squire Patton Boggs advise LatAm finance, arbitration work.


White & Case advised US energy and infrastructure investor EIG on its $390 million acquisition of Brazilian offshore oil and gas company Ocyan (formerly known as Odebrecht Oleo e Gas) from Brazilian construction firm Novonor (formerly known as Odebrecht) and Brazilian development bank BNDES; Holland & Knight advised on the successful debt restructuring of $200 million by the Province of Tierra del Fuego, Antártida e Islas del Atlántico Sur; Squire Patton Boggs secured a victory for the Republic of Ecuador, defeating a $200 million investment claim involving two marquee refinery projects in Ecuador, while recouping all of Ecuador’s fees and costs; Cleary Gottlieb advised Paraguay-based beef processing company FriCon’s $80 million secured credit agreement and Shearman & Sterling represented the International Finance Corporation (IFC) as lender in connection with the $60 million financing provided to Mexican information and communication technology company Axtel.

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Keywords: Arbitration, Argentina, Brazil, Ecuador, Finance, Mexico, M&As, Squire Patton Boggs, White & Case

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