LatinFinance recognized the work of Milbank LLP in two categories at the “2019 Deals of the Year Awards” on January 29 at Gotham Hall in New York City. The firm was acknowledged for its role in the IPO Deal of the Year and the Corporate High-Yield Bond of the Year.
The Awards recognize the best in Latin American finance and investment from October 2018 through September 2019. LatinFinance editors select the winners based on transaction size, complexity, innovative elements, market significance and execution. Milbank’s work was recognized in the following transactions:
- IPO Deal of the Year: Cencosud Shopping | (Close date: July 2019)
Milbank advised Cencosud Shopping S.A., as issuer, and Cencosud S.A., as selling shareholder, in Cencosud Shopping’s initial public offering of 472 million shares of common stock representing approximately 28% of the outstanding capital stock of Cencosud Shopping. The transaction consisted of an international offering and a concurrent public offering in Chile and was the largest ever IPO in Chile to date, valued at $1.03 billion. The deal team was led by partner Marcelo Mottesi along with special counsel Sam Badawi, associate Gonzalo Guitart, Tax partner Andrew Walker and associate Benjamin Heller.
- Corporate High-Yield Bond of the Year: YPF | (Close date: June 2019)
Milbank advised YPF S.A., Argentina’s leading fuel exploration and production company, in the $500 million offering of 8.500% senior notes due 2029. This is YPF’s first international debt tap since 2017. The deal team was led by partner Carlos Albarracín along with associates Gonzalo Guitart and Amanda Martin.
Marcelo Mottesi, head of Milbank’s Global Capital Markets practice and co-head of the firm’s Latin America Group, said: “We are pleased to be recognized by LatinFinance once again for our work in Latin America. Milbank is extremely active in the region and we are thrilled to continue to support our clients in their largest and most complex transactions.”