Adam Brenneman’s practice focuses on international corporate and financial transactions including capital markets, restructuring, financings, mergers and acquisitions, and public-private partnership (PPP) transactions.
His practice is primarily cross-border, focusing on Latin America.
Adam joined the firm in 2007 and became a partner in 2015.
Has advised on IPOs, debut debt offerings and follow-on transactions, and secondary sales by Aerostar Airport Holdings, Algoma, ASUR, Automotores Gildemeister, Banco del Estado de Chile, Corporación GEO, Desarrolladora Homex, Ienova, Office Depot de México, Maestro Perú, Macquarie Mexican REIT and the Province of Buenos Aires.
Counsel to the debtor in the multijurisdictional restructurings of over $700 million of debt of Automotres Gildemeister, the restructuring of over $350 million of debt of Alsacia & Express through a Chapter 11 case, over $1 billion of debt through a Mexican concurso proceeding for Casas GEO, and voluntary exchange offers in Autopistas del Sol and Hipotecaria Su Casita. Counsel to the creditor committees in the restructurings of OGX, Mirabela Nickel, Gruma, Comerci (CCM), Cap Cana and Industrias Unidas.
Counsel to Fintech Investments in the closing of transactions undertaken in connection with a comprehensive settlement of the contested restructuring of Vitro, including the purchase and exchange of over $750 million of debt of Vitro and the acquisition by Fintech of a substantial equity interest in a Vitro subsidiary, and the related negotiation of secured structured financing arrangements and letter of credit facilities in connection with that transaction.
Corporate and acquisition finance experience includes representation of a syndicate of lenders led by Credit Suisse in a $232.5 million loan to BioPappel, Morgan Stanley in a loan to Kaltex, Aeropuerto de Cancún, a wholly owned subsidiary of Grupo Aeroportuario del Sureste in the amendment and restatement of its existing $215 million credit agreement; Credit Suisse and BBVA Bancomer in a $686 million dual-currency senior secured acquisition financing for Grupo Gigante; Deutsche Bank in numerous financing transactions, including loans to the government of the Bahamas, the negotiation of a series of senior secured export prepayment loan facilities for Marfrig Alimentos and its subsidiary Seara Alimentos, an export prepayment loan facility for Camera Agroalimentos, and the negotiation of a secured total return swap for Andes Energia.
Mergers and acquisitions experience includes representation of Fintech Telecom in its $959 million acquisition of a controlling stake in Telecom Argentina; BHP Billiton in the spinoff of its noncore businesses into South32; Hoteles CityExpress and ASUR in seed investments in technology companies; Fintech in forming the SeaMex joint venture with Seadrill to acquire, operate and manage jackup drilling rigs in Mexico; América Móvil in its acquisition of the capital stock of Estesa; Automotores Gildemeister in its acquisition of Fonedar; Fintech Energy in its investments in Emgasud; Vale in its $1.6 billion acquisition of holding interests in a potash project in Argentina and the Corumbá iron ore mine in Brazil from Rio Tinto; and Fintech Investments in its investment in Banco Sabadell and Banco Monte dei Paschi di Siena.
Project finance experience includes acting as counsel to Aerostar Airport Holdings, a joint venture between Oaktree Capital and Grupo Aeroportuario del Sureste, in a public-private partnership to operate the San Juan Luis Muñoz Marín International Airport, the first major U.S. airport to be run by a private operator under the FAA’s Pilot Privatization Program, and related financings. He has also advised the Puerto Rico Electric Power Authority in connection with potential public-private partnership transactions, including the 2015 Request for Expressions of Interest.
- Law clerk to the Honorable Juan R. Torruella of the U.S. Court of Appeals for the First Circuit, 2006-2007
“You Have Options: The Use of Alternative Dispute Resolution in Insolvency Proceedings,” (co-author with David Schwartz), Pratt’s Journal of Bankruptcy Law, October 1, 2017
“Turning Bust to Boom: P3 Initiatives Under PROMESA,” (co-author with Richard Cooper, Luke Barefoot and Antonio Pietrantoni), Law360, July 19, 2017
“A New World For LatAm Creditors: Insolvency Reform in Latin America,” Pratt’s Journal of Bankruptcy Law, June 2015
“U.S. State of Mind: How Latin American and other Non-U.S. Entities May Use Chapter 11 to Restructure Quickly,” Bloomberg BNA’s Bankruptcy Law Reporter, June 11, 2015
“Is Peru’s Insolvency System Ready for Foreign Creditors?” IFLR, January 6, 2015
“Chile’s Insolvency Reforms Proceed with Caution,” IFLR, July 8, 2014
“Airport Sales Take Off with LMM,” Project Finance International, May 21, 2013
“Six Restructuring Questions for LatAm Investors,” International Financial Law Review, May 1, 2013
“Expedited Restructurings in the U.S. and Select Latin American and Caribbean Jurisdictions,” Journal of Bankruptcy Law, November 1, 2011
September 12, 2017
June 10, 2015
April 13, 2015