Press Releases

Buenos Aires, March 15th, 2019. On March 13th, Beccar Varela promoted Dr. Daniel Levi to partner, in recognition of his dedication and expertise, which have allowed him to develop a promising and exceptional career. Daniel focuses on the areas of Corporate Finance, Banking and Financial Institutions, and Corporate Law. He joined the firm in 2004 ...

Buenos Aires, 13 March 2019. Marval, O'Farrell & Mairal advised Grupo Lonza on the transfer of Arch Química Argentina SRL’s quotas to Platinum Equity. The transaction, which closed on February 28, 2019, is part of a global operation in which Grupo Lonza transferred it entire global water treatment business to Platinum Equity. Marval, O'Farrell & Mairal acted as legal advisor to Grupo Lonza with partner Pablo Artagaveytia, and associates Hugo Jong Uk Woo and Verónica Raffaeli ...

Buenos Aires, 13 March 2019. Pérez Alati, Grondona, Benites & Arntsen and Beccar Varela participated as legal counsels in the structuring of a syndicated loan for up to US$32,200,000, granted by Banco Macro S.A. (Banco Macro) and Banco de Inversión y Comercio Exterior S.A. (BICE) to Consorcio de Gestión del Puerto de Quequén (the Consortium), responsible for the administration and development of the Quequén port area, the adjacent water areas and the main access channel to the port ...

Buenos Aires, 22 February 2019. On February 8th, the French renewable energy group Total Eren announced the closing of an agreement with the international banks KfW and FMO for the financing of the “Malaspina I” wind project, worth up to US$103,690,583.78. Central Eólica Pampa de Malaspina S.A.U. was awarded a Renewable Electricity Purchase Agreement within the framework of Resolution No ...

Buenos Aires/New York. On February 1st, 2019, the acquisition of 51% of Prisma Medios de Pago shares by Advent International was closed. Prisma is the leading Argentine company in electronic payments, which in turn is a licensee of the VISA brand and owner of Banelco, Todo Pago, LaPos and Pago mis Cuentas. Beccar Varela and Covington & Burling acted as transaction counsel for Prisma Medios de Pago and the sellers, while Baker McKenzie advised the buyers ...

Buenos Aires, 29 January 2019. On January 22nd, the signing of the agreement to transfer 51% of Prisma Medios de Pago S.A. shares in favor of Advent International Corporation took place. Prisma is the leading payment company in Argentina, in turn a licensee of the VISA brand and the owner of Banelco, Todo Pago and Pago mis Cuentas. In this transaction, Beccar Varela and Covington & Burling LLP advised Prisma Medios de Pago S.A ...

Buenos Aires, December 21st, 2018. Beccar Varela and Tavarone, Rovelli, Salim & Miani advised on the issuance of Roch S.A.’s Class 4 Notes, carried out on December 18th, for a nominal value of US$5,215,570. In this issuance, Puente Hnos. S.A. acted as organizer and placement agent. Class 4 Notes have an expiration term of 18 months from their issue date, to be exact, on June 18th, 2020. They will accrue interest at an annual fixed rate of 9 ...

Buenos Aires, December 21st, 2018. International Finance Corporation (“IFC”), member of the World Bank Group, granted a credit facility to BIND Banco Industrial for a total amount of US$55,000,000. BIND Banco Industrial will use the loan funding to expand its lending to small and medium-sized enterprises (SMEs) in Argentina. Through this financing, BIND will offer SMEs longer-term financing than currently available in the local market ...

Buenos Aires, December 21st, 2018. International Finance Corporation (“IFC”), member of the World Bank Group, granted a credit facility to Banco Itaú Argentina for a total amount of US$50,000,000. Banco Itaú Argentina will use 70% of the loan funds to finance “green” initiatives, expecting annual savings in greenhouse gas emissions by more than 35,000 tons of CO2. These sustainable energy initiatives will be certified under the “Green Loan Principles” ...

Buenos Aires, December 20th, 2018. Beccar Varela advised Tarjeta Naranja S.A. on the issuance of Class XLII Notes, carried out on December 17th under the company’s global program for the issuance of short, medium and long-term notes, for a maximum amount of up to US$1,000,000,000 (or its equivalent in other currencies). Class XLII Notes were issued in the local market for a nominal value of AR$1,263,303,300 ...

Buenos Aires, December 19th, 2018. On October 25th, the Government of the City of Buenos Aires (GCBA), together with the social investors group formed by Banco Ciudad, Banco Galicia, IDB FOMIN, IRSA, Organización Román and a private investor, launched Argentina’s first Social Impact Bond (SIB) that will aim to finance the program “Proyectá tu futuro” ...

Buenos Aires, 20 November 2018. Beccar Varela advised Tarjeta Naranja S.A. and Banco de Galicia y Buenos Aires S.A.U. in Tarjeta Naranja’s Class XLI notes issuance, carried out in two series under the company’s global program for the issuance of short, medium and long-term notes for a maximum nominal value of up to US$1,000 million (or its equivalent in other currencies). Series I notes were issued at a nominal value of AR$854,102,222 and Series II notes at a nominal value of AR$343,555,000 ...

Buenos Aires, 13 November 2018. Beccar Varela advised FCA Compañía Financiera S.A. on its Class XVI notes issuance, carried out under the company’s Global Program for the issuance of short, medium and long-term notes, for a maximum amount of up to US$200 million. Class XVI notes were issued on November 5 in two series, one of which is denominated in UVAs (Unidad de Valor Adquisitivo, adjustable by application of the Inflation Adjustment Index CER) ...

Buenos Aires, November 1st, 2018. Martínez de Hoz & Rueda (Argentina) and Cleary Gottlieb Steen & Hamilton LLP (USA) assisted Cordillera Solar I S.A. -in its capacity as borrower-, a vehicle of JinkoSolar Holding Co., Ltd ...

Buenos Aires, 24 October 2018. Beccar Varela advised Banco de la Ciudad de Buenos Aires (“Banco Ciudad”) on its latest debt securities issuance worth AR$2.05 billion (US$55 million), which was carried out in two securities classes under the entity’s global program for short, medium and long-term securities for a maximum nominal value of up to US$1,500,000,000 or its equivalent in other currencies. In this issuance Banco Ciudad acted as issuer, organizer and placement agent ...

Buenos Aires, 24 October 2018. Beccar Varela advised CAF-Banco de Desarrollo de América Latina on the granting of a loan worth US$50,000,000 to YPF S.A. The company will use the loan proceeds to finance one of its investment plans, which consists of the execution of midstream gas projects within the territory of Argentina. Legal counsel to the borrower In-house counsels: Fernando Gomez Zanou and Francisco Gáspari ...

Buenos Aires, August 14th, 2018 ...

Buenos Aires, August 9th, 2018. Beccar Varela has incorporated Dr. Virginia Frangella, specialist in ethics and compliance, risk management and internal controls ...

Buenos Aires, June 12, 2018. Beccar Varela advised ACON Bios Investors LP, in partnership with Humus Capital Partners LLC, on the acquisition and investment in Biosidus S.A. (Biosidus). In this acquisition, M. & M. Bomchil and Estudio Rosso Alba, Francia & Asociados advised the Sellers. The closing took place on June 5, 2018. Biosidus is dedicated to the research and development, formulation, manufacture and commercialization of biosimilar pharmaceutical products ...

Buenos Aires, May 28, 2018. Beccar Varela advised Charles Taylor InsureTech group on the acquisition of a 100% stake in Inworx Argentina S.A. and in Softseg S.A. worth US$50 million. The deal took place on May 3. Inworx Argentina and Softseg�s main activity consists of the provision of software and technological consulting services focused on insurance ...

18 April 2018. Beccar Varela advised Tarjeta Naranja S.A. on Class XL notes issuance, carried out under the company’s global program for short, medium and long-term notes for a maximum nominal value of up to US$650 million (or its equivalent in other currencies). Class XL notes were issued in two series on April 10, 2018: Series I notes at a nominal value of AR$597,500,000 while Series II at a nominal value of AR$1,402,500,000 ...

16 April 2018. Beccar Varela advised FCA Compañía Financiera S.A. on Class XV notes issuance, carried out in two series under the company’s global program for short, medium and long-term notes for a maximum nominal value of up to US$100 million (or its equivalent in other currencies). On March 23, 2018, Series I notes were issued at a nominal value of AR$ 205,263,157, while Series II at a nominal value of AR$ 294,736,843 ...

On March 13, 2018, Frutarom reached an agreement with the shareholders of Meroar S.A. and Meroaromas S.A. in connection with the acquisition by Frutarom of a stake in these companies, representing 70% of the capital stock and votes for a purchase price of US$11,200,000. Frutarom is one of the world's 10 largest companies in the field of flavors and natural specialty fine ingredients. The group is expanding worldwide with the strategy to develop global activity in the field of fragrances ...

Buenos Aires, February 5, 2018. Beccar Varela is pleased to announce the reincorporation of Daniel Antonio Seoane as a partner, who will lead the firm’s Insurance Law Department. He returns after seven years in which he further developed his career as in-house counsel in insurance companies, first as Legal Director of Royal and Sun Alliance Seguros Argentina (later on Seguros Sura), and then, during 2017, as Regional Legal Vice President of Suramericana S.A ...

Buenos Aires, January 4th, 2018. On December 18th, the French renewable energy group Total Eren announced the closing of an agreement with the international banks KfW, DEG and FMO for the financing of the "Vientos Los Hércules" wind project, worth up to US$166,999,544.44. Vientos Los Hércules S.A. was awarded a Power Purchase Agreement under the Argentine official RenovAr Program (Round 1) ...