Source: Latin Lawyer
Three Skadden, Arps, Slate, Meagher & Flom LLP offices, Brazil’s Machado Meyer Advogados and Uruguay’s Posadas have helped US-based offshore marine services company Tidewater acquire the towage operations of Brazilian counterpart Wilson Sons for US$500 million.
Brazil’s Demarest Advogados advised the target companies – Wilson Sons Ultratug and its affiliate Atlantic Offshore Services.
Latin Lawyer understands that international firm Slaughter & May also advised Wilson Sons’ subsidiaries but could not confirm this before publishing.
The transaction was announced on 23 February.
There has been steady cross-border activity in Brazil’s offshore oil and maritime sectors lately. Also this month, Brazil’s Mattos Filho advised Cayman Islands-based Eight Offshore Investments Holdings on the sale of its stake in a Namibian offshore oil block to Brazil’s Petrobras and France’s energy company TotalEnergies. That came a month after international firm Ropes & Gray and BMA Advogados in São Paulo helped US investor Stonepeak acquire a 25% stake in a vehicle created with French shipping giant CMA CGM to develop a portfolio of port terminals around the world, including Latin America.
Counsel to Tidewater
Skadden, Arps, Slate, Meagher & Flom LLP
Partners Steve Gill and Jeff Romero, and associates Jessica Kittelberger and Ashley Kim in Houston; partner Filipe Areno in New York; partners Jisun Choi and Aurora Luoma, counsel Joseph Kamyar and Benjamin Davies, and associate Ashleigh Morton in London
Machado Meyer Advogados
Partners Arthur Bardawil Penteado, Ana Bátia Glenk and Érica Sumie Yamashita and associates Felipe Schivartche, Laura Ducati Dabronzo, Maria Eduarda Medeiros Saboia, Victor Goulart Lazarini in São Paulo
Posadas
Partners Andrés Aznárez and Diego Cuenca, and associates Paula Cabarcos, Fabiana Braselli, Victoria Elduayen and Emiliano Opertti in Montevideo
Counsel to Wilson Sons Ultratug Participações and Atlantic Offshore Services
Demarest Advogados
Partners Gabriel Ricardo Kuznietz, Julia Visconti, André Novaski, Marc Stalder, Marco Antonio Fonseca Júnior and Renato Canizares, and associates Júlia Helena Coelho, Patrick Lobo and Thales Dominguez in São Paulo, partner Camila Garcindo Dayrell Garrote, and associates Lívia Leal and Flavia Bahia Vidigal in Rio de Janeiro
The story has been updated on 17 March to add Posadas as counsel to Tidewater.