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What's Next for SPACs in Latin America?

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As the Special Purpose Acquisition Companies (SPACs) boom continues against the backdrop of the evolving U.S. SEC guidance, sponsors, investors, and potential SPAC targets are wondering what’s next for SPACs and what are the opportunities and

As the Special Purpose Acquisition Companies (SPACs) boom continues against the backdrop of the evolving U.S. SEC guidance, sponsors, investors, and potential SPAC targets are wondering what’s next for SPACs and what are the opportunities and challenges. Join us for a webinar with speakers from MoFo’s global SPAC team, Mitchell S. Presser, Justin R. Salon, Michael D. Birnbaum, and Randy Bullard. Our panel will provide an overview of the current SPAC market, and share their views on the future development of SPACs, including:<ul><li>Market Updates: Current trends in relation to SPAC IPOs, SPAC-related PIPEs, and de-SPAC transactions. When will the IPO market re-open? What are the PIPE investors looking for? Are merger terms changing? </li><li>Raising a SPAC focused on Latin America: What is the process? What is the opportunity?</li><li>LatAm de-SPACS: What can a potential target company expect, how to prepare, and how to negotiate with a SPAC</li><li>New SEC Guidance: What will the SEC’s latest statements mean for SPACs and de-SPAC transactions and what more should we expect from the SEC on SPACs in 2021?</li><li>SPAC-Related Shareholder Litigation: What can we learn from the recent complaints filed and settlements reached?</li></ul>We look forward to welcoming you to the webinar.<hr>

What's Next for SPACs in Latin America?

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Justin is chair of the firm’s Capital Markets practice and co-chair of Morrison Foerster’s REIT practice.Justin represents both issuers and underwriters in a wide variety of corporate and securities matters, including initial public offerings, primary and secondary offerings, private placements, senior and subordinated debt financings, and liability management transactions. In addition, he serves as primary outside counsel to numerous public company clients with respect to corporate governance issues, compliance with the U.S. federal securities laws, and the requirements of the New York Stock Exchange (NYSE) and NASDAQ, as well as general corporate matters.Justin is recognized as a leading lawyer in Chambers USA 2022 for REITs. He is recommended by The Legal 500 US 2022 for REITs, Capital Markets: Debt Offerings, Capital Markets: Equity Offerings, and M&A / Corporate and Commercial: Private Equity Buyouts. He is also a member of the firm’s global Environmental, Social, and Governance (ESG) steering committee.<h4>Representative Experience</h4><h5>Equity</h5><ul><li dir="ltr">Represented Arm Holdings plc, the world’s leading semiconductor IP company, in its blockbuster $5.22 billion USD IPO on Nasdaq, the largest IPO of 2023.</li></ul><ul><li>Represented Armada Hoffler Properties, Inc. (NYSE: AHH) in connection with multiple follow-on offerings of common stock and preferred stock and represented the underwriters in connection with Armada Hoffler’s initial public offering.</li><li>Represented Inovalon Holdings, Inc. (NASDAQ: INOV) in its initial public offering.</li><li>Represented RLJ Lodging Trust (NYSE: RLJ) in connection with its initial public offering.</li><li>Represented the underwriters in connection with Plymouth Industrial REIT’s initial public offering, multiple follow-on offerings of common stock, and issuance of perpetual preferred stock.</li><li>Represented the underwriters in connection with Community Healthcare Trust’s (NYSE: CHCT) initial public offering and numerous follow-on equity offerings.</li><li>Represented Farmland Partners, Inc. (NYSE: FPI) in its initial public offering, subsequent public offerings of common stock, and offering of 6.00% Series B Participating Preferred Stock.</li><li>Represented issuers or underwriters in connection with SPAC IPOs for Anzu Special Acquisition Corp I, Endurance Acquisition Corp., Pegasus Digital Mobility Acquisition Corp., Revelstone Capital Acquisition Corp., Science Strategic Acquisition Corp. Alpha, and Sound Point Acquisition Corp. I.</li><li>Represented Education Realty Trust (NYSE:EDR) in connection with multiple public offerings of common stock resulting in proceeds in excess of $1 billion.</li><li>Represented UDR, Inc. in connection with multiple follow-on equity offerings.</li><li>Represented the underwriters in connection with multiple registered offerings of preferred stock and common stock by Sotherly Hotels (NASDAQ: SOHO).</li><li>Represented Trade Street Residential, Inc. in its backstopped rights offering and corresponding PIPE.</li><li>Represented the underwriters in connection with Independence Realty Trust’s (NYSE: IRT) offering of common stock and concurrent listing on the NYSE.</li></ul><h5>Debt and Liability Management</h5><ul><li>As designated underwriters’ counsel to Royal Dutch Shell Plc, represented the underwriters in connection with registered offerings of more than $30 billion of fixed and floating rate notes by Shell International Finance, the U.S. financing subsidiary of Royal Dutch Shell Plc.</li><li>Represented the underwriters in connection with the registered offering of $5 billion of notes by Novartis Capital Corporation, the U.S. financing subsidiary of Novartis AG.</li><li>Represented Education Realty Trust (NYSE:EDR) in connection with multiple public offerings of debt securities resulting in proceeds in excess of $1 billion.</li><li>Represented ON Semiconductor Corporation (NASDAQ: ON) in its $500 million Rule 144A offering of 1.625% convertible senior notes, $805 million Rule 144A offering of its 0% convertible senior notes due 2027, and privately negotiated repurchase and exchange transactions for outstanding senior notes.</li><li>Represented Vontier Corporation (NYSE: VNT) in its $1.6 billion 144A offering of senior notes and its $1.6 billion registered exchange offer.</li><li>Represented Veeco Instruments Inc. (NASDAQ: VECO) in its $300 million 144A offering of 2.70% convertible senior notes and its $125 million Rule 144A offering of 3.75% convertible senior notes.</li><li>Represented Whole Foods Market, Inc. in its $1 billion Rule 144A/Regulation S offering of 5.200% senior notes due 2025 and subsequent registered exchange offer.</li><li>Represented the Commonwealth of the Bahamas in connection with its $100 million 144A sovereign debt offering.</li><li>Represented AutoZone, Inc. (NYSE: AZO) in connection with $1.55 billion of registered offerings of senior notes.</li><li>Represented Smithfield Foods, Inc. in its $1 billion offering of senior notes and concurrent tender offer for over $750 million of outstanding senior notes.</li><li>Represented WellPoint, Inc. (NYSE: WLP) in its $1.75 billion offering of senior notes.</li><li>Represented Aventine Property Group in connection with its $100 million private offering of convertible senior notes.</li><li>Represented the underwriters in connection with multiple registered offerings of senior notes by Sotherly Hotels (NASDAQ: SOHO).</li><li>Represented the placement agent in connection with the $50 million private offering of senior secured notes by Newport Realty Trust, a private mortgage REIT.</li><li>Represented the placement agent in connection with the private placement of $100 million aggregate principal amount of 6.75% senior unsecured notes due 2023 issued by MCREIF SubREIT, LLC, a private REIT managed by M360 Advisors, and fully and unconditionally guaranteed by M360 CRE Income Fund LP.</li><li>Represented the placement agent in connection with the private placement of $36.5 million aggregate principal amount of 7.5% senior unsecured notes due 2025 issued by NextPoint Real Estate Finance Operating Partnership, L.P., the operating partnership subsidiary of NexPoint Real Estate Finance, Inc. (NYSE: NREF).</li><li>Represented the placement agent in connection with the private placement of $42.25 million aggregate principal amount of its 7.00% senior unsecured notes due 2026 issued by Pelorus Fund REIT, LLC.</li></ul><h5>M&A</h5><ul><li>Represented Education Realty Trust in its $4.6 billion all-cash sale to a newly formed perpetual life vehicle led by an affiliate of Greystar Real Estate Partners.</li><li>Represented UDR, Inc. (NYSE: UDR) in connection with Home Properties, Inc.’s $7.6 billion acquisition by Lone Star Funds, in which UDR acquired six communities for approximately $908 million.</li><li>Represented Greenlane Holdings, Inc. (NASDAQ: GNLN), in its merger of equals with KushCo Holdings, Inc.</li><li>Represented Pivotal Investment Corp. II in connection with its merger with XL Fleet Corp., a leader in vehicle electrification solutions for commercial and municipal fleets.</li><li>Represented Farmland Partners, Inc. in connection with its stock-for-stock acquisition of American Farmland Company (NYSE: AFCO), as well as more than $400 million of property acquisitions.</li><li>Represented Trade Street Residential, Inc. in its acquisition by Independence Realty Trust, Inc.</li><li>Represented the Special Committee of the board of directors of Bluerock Residential Growth REIT in connection with the proposed internalization of its external manager.</li></ul>

Justin R. Salon

Partner

Michael Birnbaum is co-head of Morrison Foerster’s New York Litigation Department and a partner in the Securities Litigation, Enforcement, and White Collar Defense Group. Michael leverages his experience as former senior trial counsel at the U.S. Securities and Exchange Commission (SEC) to provide unique insights to U.S. and global financial institutions, including commercial and investment banks, audit and accounting firms, investment advisers, broker-dealers, and securities issuers facing internal and government investigations, regulatory enforcement proceedings, and private civil litigation.Specifically, Michael focuses on counseling clients on issues under state and federal securities laws. He has also represented clients in undergoing compliance reviews required by securities regulators, navigating complex regulatory landscapes, investigations, and litigations involving cryptocurrency investments and related platforms, and litigating contested bankruptcy proceedings in federal courts.A seasoned trial attorney, Michael has obtained significant results—including at trial—in matters in involving investment funds and other financial institutions concerning allegations of fraudulent securities offerings and registration violations, as well as supervisory failures related to the sale of securities. He has also achieved landmark settlements in advance of trial, including on behalf of Farmland Partners, Inc. in connection with their being the target of a short-and-distort attack arising from a defamatory article that drove down the company’s stock price by 39% in one day. As a result, Michael was recognized in The American Lawyer Litigation Daily’s “Litigators of the Week” feature, which highlights lawyers for breakthrough achievements in the nation’s most complex, highest-profile cases. He has also been recommended by leading legal rankings publications, including by The Legal 500 US in the “Securities Litigation: Defense” category.Michael is a thought leader in the securities litigation and securities enforcement space, regularly speaking on panels and publishing articles relating to trending topics in these areas. Most recently, Michael was appointed to the editorial board of Wall Street Lawyer.Before Morrison Foerster, Michael served in the SEC for 11 years, most recently as senior trial counsel, which informs his extensive experience overseeing securities litigation before federal and administrative courts. Throughout his tenure at the SEC, Michael worked closely with SEC investigative units, including the Asset Management Unit, the Market Abuse Unit, and the Complex Financial Instruments Unit, as well as with attorneys at various U.S. Attorney’s Offices, the Manhattan District Attorney’s Office, and foreign securities regulators on securities-related investigations and prosecutions.<h4>Selective Significant Representations</h4>Farmland Partners, Inc.<ul><li>Achieved a landmark settlement for Farmland Partners Inc. (FPI), a publicly traded farmland REIT, in a “short-and-distort” case that was prompted by a defamatory article that drove down FPI’s stock price by 39% in one day. The previously anonymous author, who wrote under the alias “Rota Fortunae,” and his clients utilized the scheme to profit from their short positions. As part of the settlement, the author acknowledged publicly that his article was full of false statements, and made a payment that was multiples of the profits he made off the scheme. Meanwhile, FPI prevailed on its defense of a class action accusing the company and principals of securities fraud.</li></ul>A Major Pharmaceutical Company<ul><li>Successfully convinced SEC not to pursue an action against pharmaceutical company following investigation into the company’s FDA-related disclosures.</li></ul>A Multinational Electronics Company<ul><li>Representation in an SEC FCPA investigation involving conduct in Latin America related to a business relationship with a company that was subsequently involved in a government corruption scandal.</li></ul>Investors in Cryptocurrency<ul><li>Advise clients regarding litigation and regulatory investigations in connection with initial coin offerings and related transactions.</li></ul>Special Purpose Acquisition Companies (SPACs)<ul><li>Represent SPACs, sponsors, and other investors in SEC investigations regarding various SPACs’ initial public offerings and de-SPAC transactions, and counsel clients engaging in such transactions regarding regulatory and litigation risks.</li></ul>Leading Crowdfunding Entity<ul><li>Representation in providing compliance advice and counsel in connection with FINRA inquiries arising from alleged unregistered securities offerings and disclosure issues.</li></ul>An International Broker-Dealer<ul><li>Representation in responding to FINRA and SEC inquiries related to the treatment of domestic and international client accounts.</li></ul>

Michael D. Birnbaum

Randy, managing partner of Morrison Foerster’s Miami office and co-chair of the firm’s Latin America Desk, advises multinational clients in connection with cross-border mergers and acquisitions, joint ventures, securities and finance transactions throughout Central and South America, the Caribbean, Europe and the United States.Randy has advised numerous European global corporations in connection with establishing and developing their U.S. presences, as well as managing their Latin American operations. He also represents issuers in equity and debt offerings and exchange listings.Randy’s mergers and acquisitions work has focused on international cross-border mergers and acquisitions across a broad range of sectors, including financial services, telecommunications, media, entertainment, energy, agriculture, manufacturing and food and beverage.<h4>Representative Experience</h4><h5>Mergers and Acquisitions</h5><ul><li>Petlove&Co. in connection with its financing round with existing major investors, Tarpon, SoftBank, L Catterton, Porto Seguro and Monashees, and a new initial investment by Riverwood Capital. This is the largest financing round in Petlove&Co’s history.</li><li>SoftBank Latin America Fund in connection with a Series B funding round for Incode, a next-generation identity and authentication platform for global enterprises.</li><li>SoftBank Latin America Fund in connection with a Series C funding round in Addi, a fintech startup based in Bogota, Colombia that offers buy-now-pay-later technology.</li><li>SoftBank Latin America Fund in connection with a Series D funding round in Open Co, a Brazilian consumer credit company.</li><li>SoftBank Latin America Fund on leading a Series B funding round for Laika, a Colombia-based pet supplies e-commerce platform.</li><li>SoftBank in connection with a Series E financing round led by the SoftBank Latin America Fund totaling $190 million in MadeiraMadeira, a Brazilian online home goods platform.</li><li>SoftBank in connection with a Series C financing round in JusBrasil, a platform that connects people to justice through lawyers and legal information.</li><li>SoftBank in connection with a Series C financing round led by the SoftBank Latin America Fund in Contabilizei, a Brazilian online platform that offers affordable tax-filing and accounting SaaS for SMEs in Brazil.</li><li>SoftBank in connection with a Series D financing round led by the SoftBank Latin America Fund in Olist, a Brazilian e-commerce platform.</li><li>SoftBank Latin America Fund in connection with the recently announced $108 million financing round in Pismo, a technology company providing an all-in-one processing platform for banking, payments, and financial markets infrastructure.</li><li>SoftBank, Riverwood Capital, Igah Ventures, and Volpe Capital in connection with their investments in CRM&BONUS’s R$280 million financing round.</li><li>SoftBank in connection with the Series C US$50 million financing round in GAIA, an e-commerce platform for the sale of furniture and design accessories in Mexico.</li><li>The management team of Wizeline, Inc., a global technology services provider that partners with clients to build high-quality digital products and platforms, in connection with the agreement under which Caisse de dépôt et placement du Québec (CDPQ), a global investment group and one of Canada’s largest pension funds, will acquire majority ownership of Wizeline.</li><li>SoftBank in its agreement to invest up to US$150 million into a subsidiary of Grupo Bursátil Mexicano (GBM), a leading investment platform in the Mexican stock market for over 35 years.</li><li>SoftBank in a joint venture with WeWork, the leading flexible space provider, that provides SoftBank Latin America Fund with the exclusive right to operate the WeWork brand in Argentina, Brazil, Chile, Colombia, and Mexico.</li><li>Petlove, a Brazilian company that offers an online platform for pet products in Brazil, on its acquisition of Porto Pet, a company in the Porto Seguro business group and a leader in the animal health plan segment.</li><li>SoftBank in connection with the US$150 million (R$822 million) preferred equity investment in Afya Limited (Nasdaq: AFYA), the largest medical education group in Brazil.</li><li>SoftBank Group Corp. in connection with the US$84.5 million financing round in Descomplica, the first Brazilian EdTech company to enter the higher education market. Co-led by investment fund Invus Opportunities, the funding round represents the biggest investment to date in an EdTech company in Latin America.</li><li>Visa Inc. (NYSE: V) in its acquisition of YellowPepper, a fintech pioneer with proprietary technology and partnerships supporting leading financial institutions and startups across nine Latin American and Caribbean countries including Brazil, Mexico, Colombia, Ecuador, Peru, Bolivia, Dominican Republic, Costa Rica, and Trinidad and Tobago.</li><li>Petlove, a Brazilian company that offers an online platform for pet products in Brazil, in the expansion of its e-commerce into a pet ecosystem through the acquisition of DogHero, a pet services Brazilian company.</li><li>SoftBank in connection with a Series C financing round totaling $225 million in Kavak, a Mexican online platform for buying and selling used cars.</li><li>SoftBank in connection with a Series B financing round totaling $108 million in Acesso Digital, a Brazilian IDTech pioneer in ID protection solutions.</li><li>SoftBank in its sale of a majority stake in Brightstar Corp., a subsidiary of SoftBank and the global leader of end-to-end device lifecycle solutions for carriers, retailers, and enterprise, managing mobile devices, to Brightstar Capital Partners, a private equity firm focused on partnering with founders, entrepreneurs, and management team.</li><li>SoftBank in connection with its Series D US$225 million investment round in VTEX.</li><li>SoftBank in connection with a Series C financing round led by SoftBank’s Latin America Fund in Brazilian data science company Cortex.</li><li>SoftBank in connection with a Series B financing round led by SoftBank’s Latin America Fund totaling US$125 million in AlphaCredit, one of the fastest growing technology-enabled financial platforms in Latin America.</li><li>Inchcape, the leading global independent multi-brand automotive distributor and retailer, in its cash-free and debt-free £47 million acquisition of Autolider, a distributor of Daimler brands in both Uruguay and Ecuador.</li><li>Dolphin Entertainment, Inc., a leading independent entertainment marketing and premium content development company, in its $3 million acquisition of Shore Fire Media, Ltd., a public relations and media management firm based in Brooklyn, New York that specializes in music, entertainment and popular culture.</li><li>SoftBank in connection with a Series D investment round totaling US$250 million in QuintoAndar, a São Paulo-based real estate leasing platform.</li><li>SoftBank in its joint US$150 million Series C round investment with Tencent in Argentine fintech company Ualá.</li><li>SoftBank in its $100M investment in Konfio, an online lending platform in Mexico.</li><li>SoftBank in its investment in Buser, Ltd., an intercity bus charter online booking service in Brazil.</li></ul><h5>Finance</h5><ul><li>The Chilean, Peruvian, and Colombian operating companies of Andean Telecom Partners in a syndicated senior secured financing totaling approximately $170 million and a subsequent syndicated senior secured financing totaling $35 million.</li><li>Andean Tower Partners Colombia, operator and developer of wireless telecommunications infrastructure owned by Digital Bridge, in the US$55 million refinancing operation granted by Scotiabank Colpatria. </li><li>Satelites Mexicanos, S.A. de C.V. in its prepackaged plan of reorganization and issuance of US$325 million exit financing of senior secured notes, and follow-on note offerings.</li><li>Costa Rican and U.S. issuers in the refinancing of an existing facility through the issuance and private placement of US$250 million in notes to affiliates of a U.S. insurance provider.</li><li>Torres Unidas Chile SpA and Torres Unidas del Perú S.R.L., telecommunications and infrastructure companies in Chile and Peru respectively, in US$120 million syndicated term loan cross-collateralized facilities with Scotiabank Chile and Scotiabank Perú S.A.A, and multiple refinancings of such facilities over a six-year period.</li><li>A leading private equity investor in growth markets across Latin America in its US$120 million revolving credit facility with a leading multinational bank.</li><li>A Costa Rican tower operator in its term loan agreement with a leading commercial bank in Costa Rica.</li><li>One of the largest financial services firms in the world in syndicated credit facilities, acquisition finance facilities and other financing transactions in various industries throughout Latin America, including in Guatemala, Honduras, El Salvador, Panama, Dominican Republic and Nicaragua.</li><li>A Salvadoran retailer in connection with US$300 million multicurrency financings secured by assets in 11 different Caribbean jurisdictions. The acquisition was consummated in part through public offers in Jamaica and Barbados.</li><li>The manager and operator of 52 airport facilities in Argentina, Italy, Brazil, Uruguay, Ecuador, Armenia and Peru in its US$485 million initial public offering (IPO) on the NYSE.</li><li>German foreign private issuers in various industries in connection with initial public offerings and Nasdaq listings.</li><li>Underwriter in multiple follow-on offerings for a nanotechnology-focused closed-end investment fund.</li></ul>

Randy, copresidente del Latin America Desk y socio del Departamento Corporativo de la firma, asesora a clientes multinacionales en relación con fusiones y adquisiciones transfronterizas, empresas conjuntas (joint ventures), y transacciones de valores y finanzas en toda América Central y del Sur, el Caribe, Europa y los Estados Unidos.Randy ha asesorado a numerosas corporaciones globales europeas en relación con el establecimiento y desarrollo de sus presencias en los Estados Unidos, así como en la gestión de sus operaciones en América Latina. También representa a emisores en ofertas de capital y de deuda y en cotizaciones de la bolsa.La experiencia de Randy en relación a fusiones y adquisiciones se ha centrado en fusiones y adquisiciones internacionales transfronterizas en una amplia gama de sectores, incluyendo servicios financieros, telecomunicaciones, medios de comunicación, entretenimiento, energía, agricultura, industria manufacturera, y alimentos/bebidas.<h4>Experiencia Representativa</h4><h5>Fusiones y adquisiciones</h5><ul><li>Representó a SoftBank en relación con una ronda de inversión Serie B dirigida por SoftBank Latin America Fund, por un total de US$ 125 millones en AlphaCredit, una de las plataformas de tecnología financieras de más rápido crecimiento en América Latina.</li><li>Representó a Inchcape, el principal distribuidor y minorista independiente de automóviles de múltiples marcas a nivel mundial, en su adquisición sin dinero en efectivo y deudas de £ 47 millones de Autolider, un distribuidor de las marcas de Daimler en Uruguay y Ecuador.</li><li>Representación de Dolphin Entertainment, Inc., una empresa independiente líder en mercadeo de entretenimiento y desarrollo de contenidos de primera calidad, en su adquisición de US$ 3 millones de Shore Fire Media, Ltd., una empresa de relaciones públicas y gestión de medios de comunicación con sede en Brooklyn, Nueva York, que se especializa en música, entretenimiento y cultura popular.</li><li>Representó a SoftBank en relación con una ronda de inversión Serie D por un total de US$ 250 millones en QuintoAndar, una plataforma de arrendamiento inmobiliario con sede en São Paulo.</li><li>Representó a SoftBank en su inversión conjunta con Tencent de US$ 150 millones en la ronda de financiación de la Serie C en la aplicación argentina de servicios bancarios digitales Ualá.</li><li>Representó a SoftBank en su inversión de US$ 100 millones en Konfio, una plataforma servicios financieros en México.</li><li>Representación de SoftBank en su inversión en Buser, Ltd., un servicio de reservas en línea de alquiler de autobuses interurbanos en Brasil.</li></ul><h5>Finanzas</h5><ul><li>Representó a Andean Tower Partners Colombia, operador y desarrollador de la infraestructura de telecomunicaciones inalámbricas propiedad de Digital Bridge, en la operación de refinanciamiento de US$ 55 millones otorgada por Scotiabank Colpatria. Se espera que Andean Tower Partners Colombia utilice los fondos para desarrollar y adquirir activos de infraestructura de telecomunicaciones.</li><li>Representación de Satélites Mexicanos, S.A. de C.V. en su plan preestablecido de reorganización y emisión para una financiación de salida de US$ 325 millones de los pagarés de garantía preferente (senior secured notes), y ofertas de pagarés de seguimiento (follow-on note offerings).</li><li>Representó a emisores costarricenses y estadounidenses en el refinanciamiento de una instalación existente mediante la emisión y la colocación privada de US$ 250 millones en notas a filiales de un proveedor de seguros de los Estados Unidos.</li><li>Representó a Torres Unidas Chile SpA y Torres Unidas del Perú S.R.L., empresas de telecomunicaciones e infraestructura de Chile y Perú respectivamente, en el otorgamiento de préstamos a plazo con garantía cruzada de US$ 120 millones con Scotiabank Chile y Scotiabank Perú S.A.A., y en el refinanciamiento múltiple de dichos préstamos durante un período de seis años.</li><li>Representó a un inversionista líder de capital privado en los mercados en crecimiento de toda América Latina en su línea de crédito rotativo de US$ 120 millones con un banco multinacional prominente.</li><li>Representó a un operador de torres costarricense en su contrato de un préstamo a plazo con un banco comercial líder en Costa Rica.</li><li>Representó a una de las empresas de servicios financieros más grande del mundo en servicios de crédito sindicado, servicios de financiación de adquisiciones y otras operaciones de financiamiento en diversas industrias de toda América Latina, entre ellas las de Guatemala, Honduras, El Salvador, Panamá, República Dominicana y Nicaragua.</li><li>Representó a un minorista salvadoreño en relación con financiamientos en múltiples divisas por valor de US$ 300 millones garantizadas con activos en 11 jurisdicciones del Caribe. La adquisición se consumó en parte mediante ofertas públicas en Jamaica y Barbados.</li><li>Representó al administrador y operador de 52 instalaciones aeroportuarias de Argentina, Italia, Brasil, Uruguay, Ecuador, Armenia y Perú en su oferta pública inicial (IPO) de US$ 485 millones en la Bolsa de Valores de Nueva York (NYSE).</li><li>Representó a emisores privados extranjeros alemanes en diversas industrias en relación con las ofertas públicas iniciales y las cotizaciones en el Nasdaq.</li><li>Representó a un asegurador en múltiples ofertas de seguimiento (follow-on offerings) para un fondo de inversión cerrado centrado en la nanotecnología.</li></ul>

Randy, co-líder do Latin America Desk e sócio da área empresarial, assessora clientes multinacionais em fusões e aquisições internacionais, joint ventures e transações de valores mobiliários e financeiros no Caribe, Europa, Estados Unidos, América Central e do Sul.Randy assessorou várias empresas globais e européias no estabelecimento e desenvolvimento de suas atividades nos Estados Unidos, bem como na gestão de suas operações na América Latina. Representa também emissores em ofertas de ações e dívida.Sua experiência em fusões e aquisições é concentrada em fusões e aquisições internacionais em uma ampla gama de setores, incluindo serviços financeiros, telecomunicações, mídia, entretenimento, energia, agricultura, alimentos e bebidas.<h4>Casos Representativos (incluindo experiências em outros escritórios)</h4><h5>Fusões e aquisições</h5><ul><li>Representou SoftBank em uma rodada de investimentos Série B liderada pelo Latin America Fund do SoftBank no valor total de US$ 125 milhões na AlphaCredit, uma das plataformas de tecnologia financeira de maior crescimento na América Latina.</li><li>Representou a Inchcape, líder global independente na distribuição e varejo de carros multimarcas, na aquisição, por £ 47 milhões, da Autolider, distribuidora das marcas da Daimler no Uruguai e no Equador.</li><li>Representou a Dolphin Entertainment, Inc., uma empresa independente líder em marketing de entretenimento premium e desenvolvimento de conteúdo, na aquisição, por US$ 3 milhões de uma empresa de relações públicas e gerenciamento de mídia com sede no Brooklyn, Nova York, especializada em música, entretenimento e cultura popular.</li><li>Representou SoftBank em uma rodada de investimentos Série D, totalizando US$ 250 milhões na QuintoAndar, uma plataforma de leasing imobiliário com sede em São Paulo.</li><li>Representou SoftBank em seu investimento, em conjunto com a Tencent, no total de US$ 150 milhões, na rodada de financiamento Série C no aplicativo argentino de serviços bancários digitais Ualá.</li><li>Representou SoftBank em seu investimento de US$ 100 milhões na Konfio, uma plataforma de serviços financeiros no México.</li><li>Representou SoftBank em seu investimento na Buser, Ltd., um serviço de reservas on-line para aluguel de ônibus interurbanos no Brasil.</li></ul><h5>Financiamentos</h5><ul><li>Representou a Andean Tower Partners Colombia, operadora e desenvolvedora de infraestrutura de telecomunicações sem fio de propriedade da Digital Bridge, na operação de refinanciamento de US$ 55 milhões concedida pelo Scotiabank Colpatria. Espera-se que os fundos sejam utilizados pela Andean Tower Partners Colombia para desenvolver e adquirir ativos de infraestrutura de telecomunicações.</li><li>Representou Satélites Mexicanos, S.A. de C.V. em seu plano de reorganização e emissão pré-estabelecido para um financiamento de US$ 325 milhões em notas prioritárias garantidas e ofertas subsequentes de notas.</li><li>Representou emissores da Costa Rica e dos Estados Unidos no refinanciamento de uma instalação existente, por meio de uma emissão privada de US$ 250 milhões em notas a subsidiárias de um provedor de seguros dos Estados Unidos.</li><li>Representou a Torres Unidas Chile SpA e a Torres Unidas del Perú S.R.L., empresas de telecomunicações e infraestrutura do Chile e Peru, respectivamente, na concessão de empréstimos a prazo com garantia cruzada de US$ 120 milhões com o Scotiabank Chile e Scotiabank Perú S.A.A., e no refinanciamento múltiplo desses empréstimos por um período de seis anos.</li><li>Representou um investidor líder em private equity em mercados em crescimento na América Latina em sua linha de crédito rotativo de US$ 120 milhões com um importante banco multinacional.</li><li>Representou um operador de torres na Costa Rica em seu contrato de empréstimo com um banco comercial líder na Costa Rica.Z</li><li>Representou uma das maiores empresas de serviços financeiros do mundo em serviços de crédito sindicado, serviços de financiamento de aquisição e outras operações de financiamento em vários setores da América Latina, incluindo Guatemala, Honduras, El Salvador, Panamá, República Dominicana e Nicarágua.</li><li>Representou um varejista salvadorenho no financiamento de várias moedas no valor de US$ 300 milhões garantido com ativos em 11 jurisdições do Caribe. A aquisição foi parcialmente concluída por meio de ofertas públicas na Jamaica e Barbados.</li><li>Representou o administrador e operador de 52 instalações aeroportuárias na Argentina, Itália, Brasil, Uruguai, Equador, Armênia e Peru em sua oferta pública inicial (IPO) de US$ 485 milhões na Bolsa de Valores de Nova York (NYSE).</li><li>Representou emissores privados estrangeiros alemães em vários setores em relação a ofertas públicas iniciais na Nasdaq.</li><li>Representou uma seguradora em várias ofertas subsequentes para um fundo de investimento fechado focado em nanotecnologia.</li></ul>

Randy Bullard

Managing Partner, Miami

Mitchell Presser advises on high-profile global public and private mergers and acquisitions, with a heavy concentration on private equity transactions. Mitchell is co-chair of the global Food + Agriculture Industry practice.Clients across wide-ranging sectors call on Mitchell for his vast experience, as both a lawyer and a principal, executing high-profile M&A and private equity transactions that lead to successful outcomes. He has worked across asset classes, including, but not limited to, agriculture, food, financial services, industrials, insurance, sports and entertainment, energy and retail.Mitchell was a founding partner of Paine Schwartz Partners (formerly Paine & Partners), a leading U.S. private equity firm managing a fund focused on investing in food and agriculture. Having served as an investor for more than eight years, Mitchell has an understanding of both the legal and business environments that enables him to provide a unique perspective to clients.Mitchell has been recognized as a top lawyer by Chambers USA and Legal 500 US. Our private equity practice was recently recognized as a Law360 Practice Group of the Year. He is a faculty member and lecturer of law at Harvard Law School and Columbia Law School, where he teaches a class focused on the sale of international businesses. Mitchell has served as member of the Board of Directors for privately-held and public companies. He is also a member of the firm’s global Environmental, Social, and Governance (ESG) steering committee.<h4>Representative Experience</h4><ul><li>Paine Schwartz Partners, a global leader in sustainable food chain investing, in connection with its new platform investment in Registrar Corp., a leading provider of supply chain compliance software and services to domestic and foreign food & beverage, medical device, pharmaceutical, and cosmetic customers.</li><li>Silver Crest Acquisition Corporation (NASDAQ: SLCR), a publicly traded special purpose acquisition company (SPAC), in connection with its US$1.4 billion business combination with TH International Limited (Tims China), a master franchisee and operator of Tim Hortons coffee shops in China.</li><li>Sky Harbour LLC, a developer of private aviation infrastructure focused on building, leasing, and managing business aviation hangars, in its business combination agreement with Yellowstone Acquisition Company (NASDAQ: YSAC, YSACU, and YSACW), a publicly traded SPAC sponsored by Boston Omaha Corporation (NASDAQ:BOMN). The combined company will have an implied pro forma equity market value of approximately $777 million at closing.</li><li>Verisem BV, an integrated global seed production company, and Paine Schwartz Partners, a global leader in sustainable food chain investing, in connection with the agreement to sell Verisem to Syngenta’s vegetable seeds business, part of Syngenta Group, a global leader in agricultural science and innovation headquartered in Switzerland.</li><li>Phesi, a data-driven provider of AI-powered clinical development analytics products and solutions for biopharmaceutical companies, in securing a $10 million investment from Sensyne Health (LSE: SENS), a clinical AI technology company, as part of an exclusive strategic collaboration.</li><li>Tinicum and affiliated funds managed by Tinicum Incorporated in the acquisition of a controlling interest in Robert Family Holdings to create TSL Engineered Products.</li><li>SoftBank Group Corp. as the largest investor in Social Finance, Inc. (SoFi), a leading next-generation financial services platform, in connection with SoFi’s agreements with Social Capital Hedosophia Holdings Corp. V (SCH) (NYSE: IPOE), a publicly traded special purpose acquisition company (SPAC), that will take the company public via merger, in a transaction that values the company at $8.65 billion.</li><li>Project 8, a new entity formed by ATN International, Inc. (NASDAQ: ATNI) and its financial partner Freedom 3 Capital, LLC, in connection with its $332 million agreement to acquire Alaska Communications Systems Group, Inc. (NASDAQ: ALSK), the leading provider of advanced broadband and managed IT services for businesses and consumers in Alaska.</li><li>Tene Capital and Pulse Agri Investments in its acquisition of Ahern Agribusiness, a San Diego-based seed distribution business with operations in the United States, Mexico and Central America.</li><li>Pivotal Investment Corporation II, a publicly traded special purpose acquisition company, on its merger with XL Fleet, a leader in vehicle electrification solutions for commercial and municipal fleets.</li><li>FoodChain ID and Paine Schwartz in the sale of FoodChain ID to Berkshire Partners.</li><li>Paine Schwartz Partners in its acquisition of Wawona Packing Company, and in Wawona’s subsequent acquisitions of Gerawan Farming and Burchell Nursery to create the largest stone fruit business in the United States</li><li>Burford Capital in its acquisition of GKC Holdings, the parent company of Chicago-based litigation finance and asset management firm Gerchen Keller Capital, combining the two largest litigation finance players in the world</li><li>Paine Schwartz Partners in its sale of Icicle Seafoods to Cooke Seafood, its acquisition of FoodChain ID (formerly Global ID Corporation), and its international acquisitions of Suba Seeds and Spearhead International</li><li>MSD Capital in its significant investment in the $4 billion buyout of UFC, joining WME-IMG, KKR, and Silver Lake, and in its investment in the WIRB-Copernicus Group</li><li>Acting for the buyout group led by Goldman Sachs in Kinder Morgan’s $22 billion leveraged buyout</li><li>Pivotal Acquisition Corp. in its merger with KLDiscovery</li></ul>

What's Next for SPACs in Latin America?

24 Jun 2021 5:00 PM - 6:00 PM EDT