S. WadeAngus

Partner

New York + 1.212.326.3755 São Paulo +

Wade Angus has over 25 years' experience representing clients in cross-border M&A, joint ventures, private equity, and restructuring transactions in the United States, Latin America, and Europe. His practice focuses on cross-border M&A in Brazil and throughout Latin America, where he has extensive experience in the energy, transportation and infrastructure, financial services, media, and telecommunications sectors.

Wade has represented companies such as Andrade Gutierrez, S.A.; CIRCOR International; Citigroup Global Markets; Cosan S.A.; ENGIE S.A.; Fluor Corporation; Gas Natural Fenosa; GIC Special Investments (Government of Singapore Investment Corporation); Group 1 Automotive; Intesa Sanpaolo S.p.A.; Itaú-Unibanco; Mastercard International, NII Holdings, Inc.; PepsiCo; Schneider Electric; Verizon Communications Inc.; and WL Ross & Co.

Wade advised ENGIE in its $8.6 billion acquisition of Brazilian gas pipeline company TAG from Petrobas. He has advised NII Holdings in numerous transactions, including its $905 million sale of Nextel Brazil to América Móvil, and NII Holdings' $178 million sale of Nextel Argentina to Group Clarin, which Latin Finance named as its 2015 "Domestic M&A Deal of the Year."

Wade is a frequent speaker on cross-border M&A and private equity, has authored articles on private equity and M&A, among other topics, and has been a guest commentator on CNBC. He is a member of the board of directors of the Brazilian-American Chamber of Commerce.

Experience

  • HOERBIGER Group acquires Deublin CompanyJones Day advised HOERBIGER Group, a privately-held industrial company headquartered in Switzerland, on the acquisition of Deublin Company, the leading manufacturer of rotating unions in the world.
  • CIRCOR sells Pibiviesse S.p.A. to CERTINAJones Day advised CIRCOR International, Inc. in the sale of its Italian long-cycle upstream oil and gas engineered valve business (Pibiviesse S.p.A.) to P&P Flow Control, an affiliate of Certina Holding AG.
  • Evidera acquires MedimixJones Day advised Evidera, a business unit of Pharmaceutical Product Development, LLC, in its acquisition of Medimix International, a global technology company providing real-world evidence (RWE) insights and information to the pharmaceutical, diagnostic, and medical device industries.
  • ENGIE-led consortium wins competitive bidding process in Brazil for $8.6 billion acquisition of TAGJones Day advised ENGIE in the $8.6 billion acquisition and related financing of 90 percent of Transportadora Associada de Gás SA ("TAG"), the largest natural gas transmission network owner in Brazil, from Brazilian state oil company Petróleo Brasileiro SA (Petrobras).
  • NII Holdings to sell Nextel Brazil to América Móvil for $905 millionJones Day is advising NII Holdings, Inc. in the sale of its 70 percent interest in its Brazilian operations ("Nextel Brazil") to América Móvil S.A.B. de C.V. for $905 million on a debt-free and cash-free basis.
  • UPL acquires Arysta LifeScience from Platform Specialty Products Corporation for $4.2 billionJones Day advised UPL Limited ("UPL"), a leading global generic agrochemical company based in India, in connection with its subsidiary, UPL Corporation Limited’s, US$4.2 billion acquisition and related $3 billion term financing of Arysta Lifescience Inc. (“Arysta”), a global provider of crop protection solutions, including bio-solutions and seed treatment, from NYSE listed Platform Specialty Products Corporation (“Platform”).
  • Chevron to buy Pasadena Refining System for $350 million from Petrobras America Inc.Jones Day is advising Chevron U.S.A. Inc., a wholly-owned subsidiary of Chevron Corporation, in its purchase of all of the equity interests of Pasadena Refining System Inc. (“PRSI”) and PRSI Trading, LLC from Petrobras America Inc. for $350 million, subject to adjustments for working capital.
  • Companhia Brasileira de Distribuiçao sells Ordinary Shares of Via Varejo S.A.Jones Day represented Casino Guichard-Perrachon SA, as a counterparty, in connection with the sale by Companhia Brasileira de Distribuiçao (GPA) of 50,000,000 Ordinary Shares of Via Varejo S.A., representing 3.86% of its share capital, in the form of total return swap entered into with a Brazilian financial institution.
  • GIC acquires 25 percent stake in Brazil's Algar Telecom for R$1.0 billion (US$308.5 million)Jones Day advised GIC Special Investments Pte. Ltd. in its R$1.0 billion (US$308.5 million) acquisition of shares representing a 25 percent stake in Brazil's Algar Telecom, a provider of telecom services to corporate and retail customers that is present in 10 states and 337 cities in Brazil.
  • Millicom International Cellular sells and lease back towers to American Tower in Paraguay for approximately Gs700 billion (US$125 million)Jones Day advised Millicom International Cellular S.A. and its subsidiary Telefonica Celular del Paraguay S.A. in the sale of approximately 1,400 wireless communications towers to a subsidiary of American Tower Corporation ("ATC") in Paraguay for approximately Gs700 billion (US$125 million) in cash.
  • Syndicate of international banks complete international offering of $1.0 billion Senior Notes by Marfrig Global FoodsJones Day advised a syndicate of international banks in an international offering of $1.0 billion of 6.875% Senior Notes due 2025 by Marfrig Global Foods S.A., one of Brazil's largest food processing companies, and concurrent tender offers by Marfrig for two series of its outstanding debt securities.
  • Nextel Participações amends and restates two existing loan agreementsJones Day advised Nextel Participações Ltda., the Brazilian operating subsidiary of NII Holdings, Inc., in connection with the amendment and restatement of two existing loan agreements in an aggregate principal amount of $245 million with China Development Bank, as administrative agent.
  • NII Holdings and AINMT complete investment by AINMT for 30 percent stake in Nextel BrazilJones Day advised NII Holdings, Inc. (NASDAQ: NIHD) in its partnership to jointly own and operate Brazilian mobile telecommunications company Nextel Brazil with AINMT Holdings AB (“AINMT”), an international telecommunications company and parent of the Norwegian operator ice, the fastest growing mobile network operator in Norway.
  • Verizon sells 24 data center sites to Equinix for $3.6 billionJones Day advised Verizon Communications Inc. in its $3.6 billion sale of 24 data center sites to Equinix, Inc.
  • Peterson Partners invests in Brazilian restaurant chain Si SeñorJones Day represented Peterson Partners in connection with its original investment in, subsequent investments and restructuring of, Si Señor, a Brazilian Tex-Mex restaurant chain with 20 locations across the country.
  • NII completes sale of Nextel Argentina for $178 millionJones Day advised NII Holdings, Inc. ("NII") in completing the sale of 100 percent of Nextel Communications Argentina S.R.L. ("Nextel Argentina") to Grupo Clarin S.A. for an aggregate cash consideration of $178 million.
  • Telemar Norte Leste obtains $1.2 billion term loan facilityJones Day advised Telemar Norte Leste S.A., Brazil's largest telecommunications company, in connection with a $1.2 billion term loan facility provided by China Development Bank Corporation.
  • Hyatt Hotels and Sao Paulo Investment Company obtain financingJones Day advised Hyatt Hotels Corporation; Sao Paulo Investment Company, Inc., a Panamanian joint venture of Hyatt Hotels Corporation located in Panama (SPIC); and Morumby Hoteis Ltda., a wholly owned subsidiary of SPIC located in São Paulo, Brazil (Morumby), in connection with the negotiation and documentation of a US$80 million multi-tranche delayed draw term loan facility provided by Sovereign Bank, N.A.
  • GfK sells animal and crop health divisionJones Day is representing GfK SE, a market research provider, in connection with the sale of its global animal and crop health division to a consortium consisting of Inflexion, a private equity investor, and the current management.
  • AG of America acquires majority interest of The Dennis GroupJones Day represented Andrade Gutierrez S.A., one of Brazil's largest construction and engineering companies, in its acquisition, through Andrade Gutierrez of America, Inc. ("AG of America"), of The Dennis Group, Inc., a leading U.S. company that offers complete planning, architectural, process engineering, and construction management services to the food and beverage industries.
  • The following represents experience prior to joining Jones Day.

    Private Equity/M&A
    Brookfield Asset Management in its sale of its stake in Brazilian fibreboard manufacturer Tafibras to Masisa S.A.

    Brookfield Asset Management in its US$178 million sale of notes issued by Brascan Brazil Ltda. And Brascan Real Estate S.A. to Itau BBA.

    Citigroup in AmBev’s US$400 million tender offer for Quilmes Industrial S.A.

    Intesa Sanpaolo S.p.A. in sale of Sudameris Paraguay to Abbeyfield Financial

    Morgan Stanley/Glick consortium in the US$5.4 billion contested takeover of Canary Wharf Group plc

    Fortress/Cerberus consortium in the £150 million acquisition of Boxclever plc

    Patria-Banco de Negocios in its US$750 million sale of Banco Patrimonio de Investimento S.A. to JPMorgan Chase & Co.

    Terra Firma in its US$4.9 billion acquisition of EMI Group

    Capital Z Partners in its acquisition of lloyd’s broker SBJ Group Limited

    Capital Z Partners in its sale of British Marine to QBE Insurance

    Intesa Sanpaolo S.p.A. in its sale of Sudameris Brasil to ABN Amro

    CSFB Private Equity in the CSFB/TPG consortium’s US$1.84 billion acquisition of Grohe AG

    CSFB Private Equity in US$1.1 billion acquisition of Nycomed, a Danish pharmaceutical company

    Unibanco-Uniao de Bancos Brasileiros S.A. in its joint venture with Blockbuster Inc.

    Citigroup merger of Submarino.com and Lojas Americanas

    Citigroup in Ambev’s and its related affiliates’ acquisition of a controlling interest in Quilmes Industrial S.A.

    AT&T in connection with the US$5 billion Telecom Americas joint venture with America Movil S.A. and Bell Canada

    AT&T in its acquisition of CCPR from America Movil

    IFCO Systems N.V. in its €300 million debt restructuring

    Genovo Inc. in its merger with gene therapy company Targeted Genetics Corp.

    Synder Communications in its US$2.1 billion merger with Havas Advertising

    inVentiv in the sale of its U.K. German and French operations

    Reuters Group plc in its acquisition of Bridge Information Systems

    Infinity Broadcasting Corporation in the sale of its outdoor advertising assets to Interep National Radio Sales, Inc.

    Infrastructure
    The Port Authority of New York and New Jersey in its acquisition of Northeast Auto Terminal Inc. (NEAT) and lease termination

    Brookfield Asset Management-led consortium in its US$2.5 billion acquisition of Transelec Chile S.A. from Hydro Quebec and IFC.

    The Port Authority of New York and New Jersey in AIG Global Investment Group’s US$1.3 billion acquisition of P&O’s US ports business.

    The Port Authority of New York and New Jersey in Ontario Teachers’ Pension Plan Board’s US$2.4 billion acquisition of Orient Overseas’ North American port business.

    The Port Authority of New York and New Jersey in Deutsche Bank Americas Holding Corp.’s US$1.4 billion acquisition of Maher Terminals

    Intesa Sanpaolo S.p.A and Gestiones y Recuperaciones de Activos SA in the sale of Peruvian mining concessions and related mining assets to Gold Hawk Resources Inc.

    Citigroup in Edegel’s US$300 million acquisition of Empresa de Generacion Termoelectrica Ventanilla S.A.

    Brookfield Asset Management in the formation of Proinfa joint venture for the acquisition of Brazilian power transmission companies

    Brookfield in its US$1.63 billion acquisition of Longview Fibre Co.

    Brookfield Asset Management-led consortium in connection with the consortium’s bid for Mexican toll road operator FARAC S.A.

    Enron in the US$350 million sale of Companhia Distribuidora de Gas do Rio de Janeiro-CEG and CEG Rio S.A. to Gas Natural SDG S.A.

    Enron in its restructuring of Elektro, Cuiaba and Brazil-Bolivia has pipeline assets

    Duke Energy’s $US1.1 billion acquisition and tender offer for Brazilian energy company Paranapanema

    GIC (Government of Singapore) in its US$100 million commercial real estate joint venture with Icatu SA (Brazil), Prudential (USA) and Cadim (Canada)

    CBS/Westinghouse in the $US1.1 billion sale of its power generation unit to Siemens

    Finance and Capital Markets
    Intesa Sanpaolo S.p.A. in the IPO of Argentine bank Banco Patagonia S.A.

    Hicks Muse in the IPO and sale of its Portuguese media company Grupo Media Capital

    Unibanco – Uniao de Bancos Brasileiros S.A. in numerous US dollar financings and export prepayment transactions for Usiminas, Embraer, Petroflex and other Brazilian corporate borrowers

    Snyder Communications in the spin-off of and Nasdaq listing of inventive (formerly Ventiv Health, Inc)

    Speaking Engagements

    • November 20, 2015
      Investing in Latin America: Recent Legal and Tax Developments
    • December 10-11, 2014
      Brazilian Companies and the U.S. Foreign Corrupt Practices Act: Exploring the Reach of the FCPA
    • April 24, 2014
      OGX and OSX Bankruptcies - Developments, Challenges and Opportunities for Cross-Border Restructurings in Brazil
    • October 2, 2013
      Infrastructure and Oil & Gas in Brazil: Maximizing Opportunities and Overcoming Challenges
    • May 15, 2013
      Global Business Essentials: Brazil
    • April 24, 2013
      Global Business Essentials: Brazil
    • June 7, 2012
      Jones Day Chicago 2012 MCLE University
    • May 2, 2012
      Global Business Essentials: Brazil
    • February 9, 2012
      Brazilian Companies and the U.S. Foreign Corrupt Practices Act: Exploring the Reach of the FCPA
    • November 30, 2011
      Getting Your Deal Through in the New Environment: Practical Implications of the New Brazilian Antitrust Law
    • September 15, 2011
      Global Business Essentials: Brazil
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