‘Able to provide solutions in a complex and highly regulated environment‘, Cescon Barrieu is particularly skilled at handling major debt capital markets transactions and securitisations on behalf of underwriters. The firm has a proven track record in high-profile and innovative capital markets deals, covering debt offerings, derivatives, receivables funds, structured products and IPOs. A key contact for financial institutions, private and publicly held companies, and investment and hedge funds, Daniel Laudisio is proficient in the issuance of debentures and notes, with a particular focus on the energy, infrastructure and agribusiness sectors. He jointly leads the group with  Alexandre Barreto, who handles both DCM and ECM work. Eduardo Kuhlmann Abrantes has a wealth of experience in DCM transactions; Alice Fulgêncio Brandão is a name to note for securitisations; and Mariana Borges focuses on public and private placements of equity and debt securities, and also assists with corporate governance issues.

At Lefosse Advogados, the capital markets group is a strong performer in both equity and debt transactions, where it advises international and domestic banks, financial institutions and corporate issuers. The team has been particularly active advising on high-value follow-on offerings, but is also well versed in IPOs, tender offers, debt issuances (including debentures) and securitisations concerning agribusiness and real estate receivables certificates. Practice co-head Ricardo Prado has acted for both underwriters and issuers in a host of public offerings of securities in Brazil; his expertise also extends to corporate governance. In addition to his transactional skills, Rodrigo Junqueira has significant experience in mandates involving listed companies and related regulatory issues. Jana Araujo stands out for her lead role in multiple domestic and cross-border debt and equity offerings. Bruno Massis brings together a strong background in DCM and ECM, and also handles debt restructuring and fixed-income deals.

Highlighted for its ‘profound understanding of both local and international financial markets‘, Mattos Filho has the ‘ability to provide strategic and innovative legal counsel across a range of capital markets transactions, including public offerings, bond issuances, and financial restructuring deals‘. On the equity front, the team has an unparalleled position in the market for its historical involvement in large public equity offerings made by Brazilian companies; despite the recent IPO drought, the firm has remained busy advising issuers, underwriters, selling shareholders and anchor offerings in follow-ons. The group also fields a deep DCM bench, which gained particular prominence as the market collectively turned its attention to debt and securitisation offerings at the end of 2022. Focused on public offerings and private placements of shares, debt and hybrid securities, Jean Marcel Arakawa is a reference for domestic and international corporations, financial institutions and investors. ECM specialist Vanessa Fiusa assists public listed companies with regulatory and corporate governance issues, while Bruno Tuca is noted for his issuer and underwriter-side work in the DCM space. Caio Cossermelli and Henrique Ferreira Antunes have advised on numerous IPOs and follow-ons; Raphael Saraiva is the name to note for securitisation transactions involving agribusiness receivables.

Showcasing particular strength in DCM matters, Pinheiro Guimarães‘ capital markets practice is a key port of call for financial institutions, investment funds, securitisation companies as well as publicly traded and closely held corporations. The team is particularly well positioned to assist with the public offering and private placement of debt instruments (covering both notes and debentures) and structured assets, including mortgage-backed securities and deals involving agribusiness receivables. Department co-head Plinio Pinheiro Guimarães N. is a seasoned capital markets, finance and M&A practitioner. These are also key areas of expertise for fellow co-leader Francisco José Pinheiro Guimarães. Also at the helm of the practice, Ivie Moura Alves is noted for her substantial experience in the debt market, advising on domestic debentures and other debt issuances. Other names to note include Bruno Lardosa and Carolina Alonso, who specialise in complex structured deals, including the securitisation of real estate, agribusiness and financial assets.

‘Capable of generating enormous value for transactions‘, the capital markets team at Demarest Advogados is singled out for its significant experience in matters that involve intense interaction with regulatory agents, namely the CVM and B3, such as the creation of new funding and trading structures. The team possesses ‘a great track record in capital market transactions‘, with a particular focus on debt issuances and asset-backed agribusiness and real estate securisations. The firm’s capabilities in regulatory issues concerning public listed companies were strengthened by the arrival of a whole team from Lobo de Rizzo at the end of 2023, including co-head Paula Magalhães. Magalhães jointly oversees the team with Thiago Giantomassi, whose expertise covers capital markets deals, investment funds and M&A, and investment funds specialist Letícia Wanderley, who is also a reference for investment banks, closely and publicly held companies, investors and managers of securities portfolios seeking assistance with domestic and cross-border capital markets deals.

Praised for its 'high knowledge of the market' and 'problem-solving capacity', Machado Meyer Sendacz e Opice Advogados boasts an impressive track record in debt and equity capital markets matters, covering the public offering of shares, debentures, commercial papers and other securities in Brazil and abroad. Major corporate issuers, shareholders and underwriters routinely seek the team's advice on a host of transactions and regulatory matters concerning listed companies operating in an array of sectors, from infrastructure to retail. Belo Horizonte-based Gustavo Rugani is a key figure for both capital markets transactions and corporate governance issues; he heads up the department with Arthur Bardawil Penteado in São Paulo. Gustavo Secaf Rebello focuses on ECM deals and M&A involving listed companies, while Raphael Zono specialises in debt offerings. Alessandra de Souza Pinto, who handles both variable and fixed income capital markets deals, is another name to note in the team.

With the ability to handle the full array of capital markets mandates, Stocche Forbes Advogados often advises underwriters and major corporate issuers on debt securities transactions and equity offerings at the domestic and international levels. Investment funds-related matters and Brazilian infrastructure debentures issuances are other areas of expertise for the group, which is well versed in regulatory issues before the CVM, ANBIMA and B3. The practice is under the joint leadership of a capable trio: Henrique Filizzola has been particularly active in follow-ons, primary and secondary offerings; Frederico Cursino De Moura is particularly skilled in capital markets transactions in the energy and infrastructure sectors; and Marcos Ribeiro focuses on investment funds. Thadeu Bretas is another name to note for the public offering of securities, covering debt and equity.

A popular choice for both corporate issuers and financial institutions, Tauil & Chequer Advogados is skilled in high-end equity and debt offerings, including IPOs, tender offers, follow-on offerings, debt issuances and securitisations. The department has a strong presence in the infrastructure sector, and has recently advised on prominent debenture issuances and real estate-backed securities. Carlos Motta, a seasoned M&A, corporate compliance, private equity and venture capital practitioner, leads the group. Rodolfo Constantino De Tella is well versed in equity and debt offerings, private placements and securitisation deals. Noted for his 'pro-business, common-sense approach and indisputable technical background', Luis Montes is particularly active in the energy and infrastructure segments. Also part of the core team, Bruno Cerqueira specialises in fixed income transactions, securitisations and investment funds-related mandates.

At Madrona Fialho Advogados, the capital markets practice has solid skills in regulatory matters, fund formation, and securitisations. Creditors, underwriters, asset management firms, issuers and borrowers all turn to the department for advice on the issuance of Certificates of Real Estate Receivables (CRI) and Certificates of Agribusiness Receivables (CRA). The group is under the joint leadership of four partners: Marcelo Cosac has recently advised financial institutions and issuers on several promissory notes, debentures issuances and public offerings of securities backed by real estate and agribusiness receivables; Leonardo Di Cola handles both transactional and regulatory work in the capital markets space; Nair Veras Saldanha is a name to note for corporate governance issues; and Luis Bellini acts for creditors, underwriters, asset managers, issuers and borrowers in DCM and investment funds-related matters.

Rated for its ‘deep knowledge’ of capital markets transactions and local law, TozziniFreire Advogados manages a mix of transactional and regulatory mandates. The team is regularly engaged by financial institutions, Brazilian issuers and securitising agents, and stands out for its presence in the securitisation market, where it advises on the structuring of asset-backed real estate (CRIs) and agribusiness (CRAs) securities. Boasting over two decades’ experience in capital markets mandates, practice head Alexei Bonamin has recently advised on the public offering of CRIs, debentures issuances and investment fund-related matters. Ricardo Stuber is no longer at the firm.

Covering both debt and equity, Trench Rossi Watanabe‘s broad service offering in the capital markets space includes transactions, corporate governance and administrative matters before the CVM. The team, which is regularly instructed by corporate issuers, has been particularly active in debt capital markets work, but is also well versed in IPOs, follow-ons and tender offers. Practice head Daniel De Miranda Facó, a reference for issuers, financial institutions, investors and shareholders, handles debt and equity public offerings, and is also proficient in M&A involving listed companies. Luís Ambrósio is noted for debt deals, while Eduardo Herszkowicz, who joined from Cescon Barrieu in August 2023, possesses in-depth knowledge of investment funds, asset management and securitisations.

Led by Lior Pinsky, Veirano Advogados‘ capital markets department was recently bolstered by the addition of Ingrid Hessling, who joined from Souto Correa Advogados in September 2023. Hessling brings over two decades of experience in capital markets matters, demonstrating strength in the public offering of equity and debt securities, the structuring of investment funds, and securitisations. An array of clients, such as financial institutions, Brazilian and international companies, investment fund managers and administrators, recurrently seek the firm’s services. Key support is offered by Victor Henrique Baptistin, who is especially active in the energy, real estate, agribusiness and transport sectors.

Singled out for its expertise in the pension funds space, Bocater, Camargo, Costa e Silva, Rodrigues Advogados handles a range of mandates, with a particular focus on capital markets and securities regulatory issues. The practice has notable strength in advising on the applicable regulations to publicly listed companies, investment funds, asset managers and brokerage firms. Founding partners Maria Isabel do Prado Bocater and Francisco Costa e Silva, both of whom draw on their former experience at the Brazilian Securities and Exchange Commission (CVM) to assist with an array of capital markets matters, and Matheus Corredato Rossi, a key contact for investment funds, jointly oversee the department.

The ‘attentive and detailed team‘ at Campos Mello Advogados in cooperation with DLA Piper offers legal support to Brazilian financial institutions, investment banks and pension funds in relation to securitisations, DCM deals, offerings of convertible securities and derivatives, among other matters. Department leader Jorge Luiz Barbieri Gallo is noted for his experience in both debt offerings and regulatory matters. Former co-head Roberto Barros is no longer at the firm.