Press Releases

Buenos Aires, December 21st, 2019. It is with great sadness that Estudio Beccar Varela announces the passing of its partner Dr. Damián Fernando Beccar Varela, on December 19th in the city of Buenos Aires. Damián was the firm’s senior partner from 1985 to 2006. A natural leader with a charismatic and sensitive personality, throughout his career he accomplished many of his goals, both professionally and personally ...

December 17th, 2019. Beccar Varela advised Agrofina S.A. on the issuance of Class IX notes, worth US$9.014.981, carried out under the company’s Global Program for the issuance of simple notes, not convertible into shares, for a maximum nominal value of up to US$60 million (or its equivalent in other currencies). Class IX notes, issued on December 4th, 2019, will accrue interest at an annual fixed rate of 13.65%. Their maturity date will take place on July 4th, 2021 ...

Buenos Aires, 9 December 2019. Roberto H. Crouzel, a partner at Beccar Varela, was recognized with the inaugural “Lifetime Achievement Award for Pro Bono work” at the “Chambers Diversity & Inclusion Awards: Latin America 2019” ceremony, held on December 5th at the Sheraton Buenos Aires Hotel & Convention Centre. Chambers and Partners, the publication that annually organizes these Awards, has granted this prize for the first time, recognizing outstanding careers in pro bono efforts ...

Buenos Aires, 29 November 2019. Beccar Varela advised Banco de Galicia y Buenos Aires SAU on the issuance of Class VII notes, worth AR$4.182.280.000, carried out under the Prospectus On Stages for a maximum issuance amount of up to US$2,100,000,000, under the simplified Frequent Issuer Regime. The issuance took place on November 25. In this case, for the first time, Banco Galicia assumed the role of Frequent Issuer. Class VII notes maturity date will take place on May 25, 2020 ...

November 20th, 2019. Beccar Varela advised Agrofina S.A. on the issuances of Class VIII notes, worth US$13.509.284, and Class VIII Additional notes (reopening), worth US$4.979.651, both carried out under the company’s Global Program for the issuance of simple notes, not convertible into shares, for a maximum nominal value of up to US$60 million (or its equivalent in other currencies) ...

Buenos Aires, 30 October 2019. Beccar Varela and Allende & Brea rendered advice on a loan agreement for a total amount of up to US$800.000.000 granted to Grupo Gerdau. The loan was granted by Bank of America N.A., Banco Bilbao Vizcaya Argentaria S.A., New York Branch, BNP Paribas, Citibank N.A., HSBC Bank USA, National Association, JP Morgan Chase Bank N.A., Mizuho Bank, Ltd., Banco Santander (Brazil) S.A., Luxembourg Branch. The Bank of New York Mellon acted as administrative agent ...

Buenos Aires, 27 September 2019. On 30 August closed the acquisition through which Unilever Andina Bolivia S.A. purchased Astrix S.A., one the most important Bolivian cleaning and personal care products company. For more than twenty years, Astrix has been developing its activities in Bolivia, where it produces and markets mass consumption products. In this operation, the selling party was the Lichtenfeld Group ...

Buenos Aires, August 12th, 2019. On July 31st, 2019, Vista Oil & Gas S.A.U. (the “Issuer” or “Vista”) issued Class I Notes for a nominal value of US$50 million, and on August 7th, issued Class II Notes for the same nominal value of US$50 million. Both issuances took place under the global program for short, medium and long-term notes, not convertible into shares, for a maximum circulation amount of up to US$800 million (or its equivalent in other currencies and/or value units) ...

Buenos Aires, 8 August 2019. On 23 July 2019, BNR Infrastructure Co-Investment Limited (“BNR”), a UK incorporated company, acquired 24,99% stake in YPF Energía Eléctrica S.A. (also known as “YPF Luz”) from General Electric’s subsidiary EFS Global Energy BV. General Electric Company owns 50% of BNR’s economic rights and the Chinese fund Silk Road Fund Co. Ltd. owns the other 50% ...

Buenos Aires, August 6th, 2019. On July 26th, Vista Oil & Gas, S.A.B. de C.V., holding company of Vista Oil & Gas Argentina S.A.U., an independent Latin American oil & gas company, launched its initial public offering on the New York Stock Exchange (NYSE) under the symbol “VIST”. Vista Oil & Gas Argentina S.A.U. is an independent company focused on unconventional resources ...

Buenos Aires, August 5th, 2019. Banco Santander Río S.A., acting as lender, arranger, and administrative agent; together with Banco de la Ciudad de Buenos Aires, acting as lender, arranger, and collateral agent; and BBVA Banco Francés S.A., acting as lender and arranger, granted a loan to Oilstone Energía S.A. worth US$12 million. The deal involved the negotiation and drafting of a syndicated loan and a security assignment of contractual rights ...

Buenos Aires, 29 July 2019. Acting as lenders, Banco de Galicia y de Buenos Aires S.A.U., Banco Supervielle S.A., HSBC Bank Argentina S.A., Banco Hipotecario S.A., Banco Itaú Argentina S.A. and Banco de la Provincia de Buenos Aires granted a syndicated loan to Los Grobo Agropecuaria S.A., worth US$44,399,500, extendible up to US$70,000,000. Likewise, Banco de Galicia y de Buenos Aires S.A.U., Banco Santander Río S.A., Banco Supervielle S.A., HSBC Bank Argentina S.A., Banco Hipotecario S.A ...

Buenos Aires, 17 July 2019. Kids Corp, a leading company in Latin America that offers marketing services for products and services aimed at children and teenagers, received a strategic Series A investment from SuperAwesome, the global kid-tech platform based in the United Kingdom. The deal was completed successfully at the beginning of this month and required structuring the business in several jurisdictions, including Argentina, Mexico, Uruguay, and the UK ...

Buenos Aires, July 1st, 2019. Beccar Varela won the Gold Award for “Best Latin American Law Firm” in Corporate Law at the 12th edition of the “International Legal Alliance Summit and Awards”, held on June 27th at the Marriott Essex House, in New York City, USA. This is the second consecutive year the firm has won this award. At the Awards Ceremony, the firm was represented by Horacio E. Beccar Varela, Roberto A. Fortunati and Emilio Beccar Varela ...

Buenos Aires, June 6, 2019. On May 9, the operation through which YPF Ventures obtained a strategic stake in Sustentator S.A. closed. YPF Ventures is a YPF vehicle which seeks to diversify the company’s energy-related businesses and boost its local innovation. YPF Ventures will position itself in a new field for YPF, as a tool to generate innovation, either by incorporating already-proven global technology or developing at start-up level ...

Buenos Aires, 15 April 2019. Beccar Varela rendered legal advice to the Viola family, while Bomchil to Grupo Corporación América, on the restructuring of Bodega del Fin del Mundo (BDFM), founded by Julio Viola. They were partners as from the year 2009 ...

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” ...