The legal team at Suzano Papel e Celulose has just been nominated for one of Latin America’s most important legal awards. The International Law Office (ILO) and Lexology, in partnership with the Association of Corporate Counsel (ACC), named Suzano’s legal team among the best in Latin America in the area of mergers and acquisitions. The 2016 winner in this category will be announced in March of next year in Rio de Janeiro at the 7th Latin American Counsel Awards.
The unprecedented nomination of Suzano’s team for the award organized by the ACC and ILO demonstrates the company’s efficient and significant activities in the area of M&A in 2016. In addition to its recently announced purchase of forestry assets in Maranhão and Tocantins, this year Suzano completed three other M&A transactions: the acquisition of forestry assets pertaining to Eco Brazil Forests, association with Ibema, and the acquisition of shares from Mucuri Energética S.A., the owner of a small hydroelectric plant.
In order to create the list of finalists, the organizers of the award asked subscribers to their services to nominate outstanding teams and individuals. The focus of the survey is to identify professionals who provide excellent service and stand out from their colleagues, not just those involved in large transactions.
“It is a great honor for the work of our team to receive this international recognition. The entire legal team is involved in these transactions, whether it is assessing the business risks or at the conclusion of the agreement itself,” explains Suzano’s Legal and Institutional Relations director, Pablo Machado. “I was particularly proud of the fact that the nomination was for the team, and not one name or figure in particular. The entire institutional and legal area, with no exceptions, was involved to some extent in this year’s M&A transactions and this nomination has to be seen as a result of work done by each one of us, but above all, as the joint result of our work,” says the executive.
Suzano’s most recent transaction was the purchase of forest assets from Companhia Siderúrgica Vale do Pindaré and Cosima – Siderúrgica do Maranhão, which was announced in October. This transaction, which was valued at US$ 245 million, involved the purchase of 75,000 hectares of land and required more than 18 months of intense work by the Suzano legal team, currently comprised of more than 20 people.
“The first step of the team’s work in operations of this nature is assessment of the risks and viability of the business, including perceptions of potential gains derived from the transaction and factors that mitigate risks. Later comes the legal structure, which consists of all the architecture of the transaction, followed by negotiation of all its conditions and then implementation,” says Machado.