Todd Crider, Head of Simpson Thacher’s Latin America Practice, and Grenfel Calheiros, Head of Simpson Thacher’s São Paulo office, were featured in a Latinvex Q&A titled, “Latin America Capital Markets: Positive Outlook,” which detailed the 2024 outlook for the capital markets in the region. Grenfel noted that “we anticipate that capital markets activity is likely to rebound as the political environment and interest rates and inflation eases, which should generate opportunities for more equity offerings both in the region and on global exchanges in 2024.” He added that “Investors have an appetite for ambitious projects in which experienced counsel is a must,” and anticipates “a favorable environment for international investment in 2024.” Grenfel also noted that Brazil has seen a positive trend for capital markets, a trend that is expected to continue, “particularly for equity and debt offerings by companies operating in the energy and infrastructure industries.” With reference to the outlook in Mexico, Todd noted that, “In 2023, Mexico saw an invigorated push for nearshoring investment that has expanded Mexico’s attractiveness as a destination, particularly for manufacturing.” He added that, “…we also expect to see continued U.S. capital markets activity, including IPO’s and U.S.-Mexico joint ventures and private fund investments.”
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