Marval, O’farrell & Mairal and Greenberg Traurig, S. C. in regional technology acquisition

Marval, O’Farrell & Mairal acted as lead legal counsel to Navent Group Ltd., a major Latin American classifieds company, in the acquisition of Dridco’s real estate and jobs online classifieds assets in the region in a cash and stock deal. Gunderson Dettmer, regular U.S. counsel to Navent, provided NY law advise. M. & M. Bomchil gave counsel to the sellers, a group of Latin American media companies.

Hernan Slemenson, from Marval said “it was a very complex and sophisticated deal from a structuring standpoint which involved multiple jurisdictions throughout the region and that included the spin-off of the automobile classifieds business of Dridco. All parties worked very hard to complete all parts of the transaction within a very tight schedule.  Everyone was doing his/her job but always in a very cooperative environment, which really helped in completing the deal on time. The completion of this transaction reaffirms the interest of investors in the vibrant Latam technology market.” 

Luis Octavio Núñez, Shareholder in Mexico City at Greenberg Traurig, said to LATIN COUNSEL, “The most interesting portion of this acquisition, in my opinion, was to assist with the legal transfer of Mexican assets in compliance with Mexican laws, while acting in consistency with the overall terms of the global acquisition, which was governed by New York laws. When shares are transferred, it is much simpler to perfect the transfer. The transferring of assets requires different formalities, depending on the type of assets, such as contractual rights, movable assets and intellectual property.”

Adrian Furman (Jr.) from M. & M. Bomchil stated: “A one-time professional and enriching experience, surrounded by extremely intelligent clients on both sides of the table. The success of a very complex transaction was mainly driven by the high commitment of the professionals involved focused at all times towards a sole objective. It was a full scale cross-border transaction”.

The transaction closed on January 27, 2015.

Counsel to Navent

In-House counsel: Ana Laura Callero

Lead counsel and Argentina

Marval O’Farrell & Mairal: Partner Hernán Slemenson and associates Daniela Bianchi, Natalia Meneghini and Verónica Schilling (who left the firm earlier this year).

United States

Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP: Partner Greg Volkmar and associates Vanessa Jacob Heck and Peter Roth.

Luxembourg 

Allen & Overy: Senior Associate Marc Tkatcheff

Cayman Islands

Campbells: Senior associate Rhonda Laws

Brazil

Koury Lopes Advogados: Karin Alvo and Nathalie Cortes

Mexico

Greenberg Traurig, S.C.: Shareholder Luis Octavio Núñez and associates Miguel de Leon and Santiago Cervantes Mayo

Colombia 

C&R Law: Partners Santiago Concha and Carlos Rodríguez Gallón

Counsel to Dridco

In-House counsel: Javier Alvarado Uriburu

Lead counsel and Argentina

M. & M. Bomchil

Partner Adrián Furman (Jr.) and associates Paula Beveraggi and Marcela Gigena

Luxembourg 

Arendt & Medernacht: Senior associate Juliette Feitler.