"The M&A market is heating up in Latin America, and U.S. and European investors are warming up to Latin America, which is adding to the growth of its M&A market," says Michael McGuinness, a partner in the M&A practice of Jones Day who focuses on Latin America.
has advised on some very significant deals in Latin America.
Before Shearman & Sterling, he represented General Electric (NYSE: GE) in its $4.3 billion acquisition of the aviation business of Avio SpA GrupoSura in its approximately $3.6 billion acquisition of ING's (NYSE: ING) Latin America pensions, life insurance and investment operations; and Anglo American plc (LON: AAL) in its sale of a 24.5 percent stake in Anglo American Sur, a Chilean copper mining company worth $5.4 billion to Mitsubishi.
They will continue to drive activity in the region," says McGuinness
"You will continue to see this, especially in financial services as the middle class in the region emerges."
In 2011, McGuinness
worked on the landmark transaction completed by multilatina Grupo de Inversiones Suramericana.
There are a lot of questions around Brazil with low growth and growing inflation, not to mention a very significant drop in commodity prices, and concern about the government's interventionist approach," says McGuinness
This is good," says McGuinness