News

Chadbourne Represents Rio Bravo in Formation of Brazil Focused Renewable Energy Fund

June 4, 2012

Chadbourne & Parke LLP represented Rio Bravo Investimentos Ltda. as its international fund counsel in the formation of Rio Bravo Energia I FIP, a Brazilian private equity fund. The fund recently held its final closing on May 4th, 2012, raising R$463 million (US$227 million) from both domestic and international investors. The fund will make investments primarily in Brazilian small to mid-sized greenfield power generation projects with a focus on renewable energy from hydro, wind and biomass projects.

Rio Bravo is a leading Brazilian independent asset management firm. One of its founding partners includes Mr. Gustavo Franco, former Governor of the Brazilian Central Bank under President Fernando Henrique Cardoso, who played a key role in the conception and implementation of the 1994 Plano Real (the Real Plan).

Chadbourne has been representing clients, including Brazilian alternative asset managers, leading Brazilian and international banks and corporations, development and export-credit agencies and international investors, with respect to their Brazil related operations for over 20 years. The Firm has a leading international private equity and funds practice and advises clients with respect to fund formation, management structuring and deal execution across a broad range of fund classes, including buyout, venture capital, hedge, mezzanine, distressed and funds of funds.

Working on the deal for Chadbourne were lead partners Talbert Navia and Scott Naidech, tax partner Edouard Markson, and associate Garrett Lynam.