Press Releases

Beccar Varela advised EPAM Systems Inc., a digital transformation services and product engineering company, on the acquisition of the global advanced technology consultancy NEORIS. The closing of the deal was announced on October 31.  EPAM completed the purchase of NEORIS from funds managed by Advent International, one of the largest global private equity investors, and Cemex, a global construction materials company ...

Beccar Varela advised on the establishment and issuance of debt securities under the Agrofina Series XXIX Financial Trust, issued on October 31, 2024, for a total amount of AR$3,256,655,334, within the framework of the Secuval II Program.Banco de Valores S.A. acted as Financial Trustee, Custodian Agent, Organizer, and Placement Agent, while Agrofina S.A. served as Trustor, Administrator, and Collection Agent ...

On November 4, 2024, Banco de Galicia y Buenos Aires S.A.U. (“Banco Galicia”) issued Class XVII Notes (the “Notes”), which are simple, non-convertible, unsecured obligations, denominated in U.S. Dollars, payable in cash abroad in U.S. Dollars, with a nominal amount of US$83,477,768. The issuance was carried out under CNV’s Frequent Issuer Regime, as part of the U.S ...

Beccar Varela has been recognized by the prestigious publication The Legal 500 as a Top Tier firm in the latest edition of its Legal 500 Latin America 2025 guide. Both the firm and its professionals have achieved prominent positions across the 21 practice areas covered by this publication in Argentina. The firm reached the highest rankings in Compliance, Fintech, International Trade & Customs, Public Law, and TMT, where it is listed as Tier 1 ...

On September 19, 2024, Banco de Galicia y Buenos Aires S.A.U. (“Banco Galicia”) issued Additional Class XIV Notes, simple, non-convertible into shares, unsecured, denominated, payable, and integrated in Pesos, for a nominal value of AR$9,256,962,511, and Class XV Notes, simple, non-convertible into shares, unsecured, denominated, payable, and integrated in Pesos, for a nominal value of AR$42,106,850,000.The Notes were issued under the CNV Frequent Issuer Regime ...

On September 16, 2024, Gastaldi Hnos. S.A.I. y C.F. E I. (“Gastaldi”) issued Series II Class II Notes (“the Notes”) under the PYME CNV Guaranteed Regime.The Notes were issued for a nominal value of AR$ 4,679,000,000 at a Private Badlar Rate plus a margin of 7% annual nominal rate ...

Beccar Varela and Bruchou & Funes de Rioja advise on the international issuance of Class XVI Notes by Banco GaliciaOn October 10, 2024, Banco de Galicia y Buenos Aires S.A.U. (the “Issuer”) issued Class XVI Notes (the “Notes”), simple, non-convertible into shares, unsecured, denominated in U.S. Dollars, to be subscribed and paid in U.S. Dollars abroad, with a nominal value of US$325,000,000. The international issuance was made under the CNV Frequent Issuer Regime ...

On October 10, 2024, Vista Energy Argentina S.A.U. (“Vista”) successfully issued Class XXVI Notes, simple, non-convertible into shares, denominated and payable in cash in U.S. Dollars abroad, and paid for in (i) cash in U.S. Dollars abroad, and/or (ii) in kind through the delivery of Class XIV Notes (the “Eligible Notes”) ...

On August 8, 2024, Banco de Galicia y Buenos Aires S.A.U. (“Banco Galicia”) issued Class XIV Notes (the “Notes”), simple, non-convertible into shares, unsecured, denominated, subscribed, and payable in Pesos, with a nominal value of AR$35,384,000,000. The issuance was carried out under the CNV Frequent Issuer Regime.The Notes, maturing on February 8, 2025, accrue interest at a variable rate of BADLAR plus 4.5% margin ...

On August 26, INVAP S.E. (“INVAP”) issued Class VI Series I Notes, simple, non-convertible into shares, denominated in U.S. Dollars, to be subscribed and payable in Pesos. The issuance was carried out under the Global Program of INVAP.The Class VI Series I Notes, maturing on August 26, 2026, accrue interest at a variable rate of 5.00% margin p.a., payable quarterly, and will amortize their principal in 5 (five) payments, each equivalent to 20% of the principal ...

On August 21, 2024, Hidrotec S.A. ("Hidrotec") issued Series II Notes under the PYME CNV regime.The Series II Class I Notes (the "Class I") were issued for a nominal value of ARS 2,566,424,470, at an annual nominal variable rate equivalent to the Badlar rate plus a margin of 3.48% p.a., with interest payable quarterly ...

On August 12, 2024, Ecofactory S.R.L. (“Ecofactory”) completed its first issuance of Negotiable Obligations under the PYME CNV Guaranteed regime.The Negotiable Obligations were issued with a total nominal value of AR$ 468,222,200.The maturity date for the Negotiable Obligations will be August 12, 2025, and they will accrue interest at a variable rate, which will be the sum of the Badlar Private Rate plus a margin of 2.90% per annum ...

On August 30, 2024, Eskabe S.A. issued the Series II Notes (the “Notes”) under the PYME CNV Guaranteed Regime for a total nominal value of ARS 1,800,000,000.The Series II Class I Notes (the “Class I”), which will mature on August 30, 2026, will accrue interest at a variable interest rate equivalent to the sum of the Private BADLAR Rate plus a Cut-Off Margin of 3.97% per annum. Interest will be payable quarterly ...

On August 23, 2024, Héctor A. Bertone S.A. (“Bertone”) issued the Series II Notes under the Global Bond Issuance Program under the PYME CNV Regime.The Series II Class I Notes (the “Class I”) were issued for a nominal value of ARS 3,065,000,000, at an annual nominal variable rate equivalent to the Badlar rate plus a margin of 8% ...

PRESS RELEASEOn August 26, 2024, Tarjeta Naranja S.A.U. (“Tarjeta Naranja”) issued its LXII Class simple, non-convertible, unsecured notes with a nominal value of AR$ 30,000,000,000 (Argentine Pesos thirty billion) Notes (the “LXII Class Notes”). The issuance was carried out under the Frequent Issuer Regime established in Section VIII, Chapter V, Title II of the regulations of the National Securities Commission (Comisión Nacional de Valores) ...

Beccar Varela advised Skydance Media in its merger with Paramount Global to create New Paramount, a new leading media and technology company valued at US$28 billion. The agreement was signed on July 7, and the transaction is expected to close in the first half of 2025 ...

The renowned publication IFLR awarded Beccar Varela with the Corporate Firm of the Year: Southern Cone prize on May 15th, in the IFLR Americas Awards 2024 ceremony held at the JW Marriott Essex House hotel in New York.The Corporate Firm of the Year: Southern Cone award honors one leading firm that headed the most innovative cross-border corporate and M&A transactions in Chile, Argentina, Uruguay and Paraguay in the previous year ...

On March 22, the NGO Asociación Civil Sumatoria para una nueva Economía (Sumatoria) carried out its fifth notes issuance, whose funds are aimed at financing projects and ventures with social, environmental, and sustainable impact in areas such as financial inclusion, agroecology, regenerative livestock farming, connectivity, clean energies, healthy foods, environmental conservation and regeneration, sociourban infrastructure, social economy, circular economy, and support for impact

Beccar Varela participated in the 2024 Latin America Corruption Survey, conducted by Miller & Chevalier in collaboration with 14 Latin American law firms representing 19 countries. The survey results reveal that corruption in the region remains pervasive and that corporate compliance, not enforcement, has been the key driver for addressing it ...

Beccar Varela advised GDM (Grupo Don Mario) on the signing of the agreement for the acquisition of KWS's corn and sorghum business in South America. The announcement of the transaction took place on March 25th and is subject to the approval of Argentine and Brazilian regulatory bodies. The parties agreed not to disclose the details of the transaction or the exact purchase price ...

Beccar Varela advised Banco Galicia and Grupo Financiero Galicia on the acquisition of HSBC Argentina's business for a value of US$ 550 million (subject to adjustments). The agreement was signed on April 9th. The closing of the transaction is conditioned upon approval from the Central Bank of the Argentine Republic and will be presented before the Competition Authority.HSBC's Argentine Bank has a network of over 100 branches, 3,100 employees, and around one million clients ...

Beccar Varela and FERRERE (Paraguay) jointly advised McDonald’s Latin America LLC on the negotiation and execution in March of a multi-unit franchise agreement (“MUFA”) with Paraguayan Developmental Licensee for the operation of 25 existing McDonald’s restaurants in Paraguay.Paraguay currently has 25 McDonald’s restaurants, but new openings are expected to happen in the near future as per an opening plan included in the agreement ...

As of April, Maximiliano N. D'Auro takes over as Managing Partner of Beccar Varela, a leading full-service corporate law firm in Argentina.Some years ago, the partners of Beccar Varela designed a succession plan, anticipating that Horacio E. Beccar Varela - Managing Partner for over two decades - should leave the role in 2024 when he reached the maximum age established in the bylaws to hold the position, having been elected by assembly successively since he took office ...

On March 6th, Vista Energy Argentina S.A.U. (“Vista”) successfully issued Class XXIII Notes– simple, non-convertible into shares, denominated, integrated and payable in U.S. Dollars abroad– for a total nominal amount of US$60,000,000 (the “Class XXIII Notes”). The issuance was made under the company’s Global Program of up to US$800,000,000 (or its equivalent in other currencies or units of value) ...

On February 15th, global IT consulting firm Bridgenext acquired 100% of the shares of Folcode SRL, an Argentine company specialized in the development of digital products with more than 15 years of experience in the software industry.The Folcode acquisition marks Bridgenext’s expansion into South America, which directly responds to the need for nearshore delivery teams to provide more comprehensive access to its talent ...