Capital Markets

We advise issuers, underwriters, investors and brokers on the full range of public offerings and private placements. D’Empaire deals with all kinds of capital markets transactions, including initial public offerings (IPOs), tender and exchange offers, mezzanine debt offerings, securitizations, private placements, regulatory compliance and corporate governance matters.

Major representations have included:

• La Electricidad de Caracas in its equity offering of 80,781,982 shares of common
  stock
• Corporación Andina de Fomento (CAF) in its issuance of Bs. 215 billion Floating Rates Notes due 2011
• Vengas in its delisting from the Caracas stock exchange
• Telecom Italia Mobile in its purchase of a minority shareholding in Corporación Digitel
• Empresas Polar in the US$568 million sale of its shares in Backus & Johnston
• AES Corporation in its US$1.4 billion unsolicited tender offer for CANTV
• Empresas Polar in its US$501 million tender offer for Mavesa
• AES Corporation in its US$1.8 billion unsolicited tender offer for La Electricidad de Caracas and Corporación EDC
• The underwriter in the offering of 975 million preferred shares issued by Envases Venezolanos
• Sudamtex de Venezuela in its offering of 2.6 million American Depositary Shares (ADSs)
• Venepal in its offering of 5 million American Depositary Shares (ADSs)
• Global Investment Financial Corporation in the placement of its Guaranteed Notes exchangeable for American Depositary Shares (ADS) of Sudamtex de Venezuela
• The underwriters in the offering of 5 million Global Depositary Shares (GDSs) of Venepal