2020 Deals of the Year Awards

A note from the managing editor:

The world, not just Latin America, continues to endure a crushing blow from the COVID-19 pandemic. While the impact from the virus is still being felt and the ultimate consequences are still undetermined, we still managed to just get on with it all. We’ve lost friends and family, seen business and education severely disrupted and insidious poverty grab back vulnerable populations. Determining prize winners in an era such as this, however, remains an important touchstone. It reminds us that while all of those negative things have been visited upon us, commerce and commercial activity did not stop. Finance might not be humanitarian work, but it does keep the wheels of society moving, hopefully in positive directions to support a spreading of good paying jobs, increased wealth and social stability. - Daniel Bases

Each year LatinFinance’s Deals of the Year Awards recognize outstanding transactions as well as the people and institutions that made them happen. The eligibility period, which ran from October 1, 2019 to September 30, 2020, overlapped significantly with the start and deepening of the pandemic. In making the selection, the editorial team considered the opinions of analysts, publicly available data and information submitted through our nominations process. We took into account the reaction of institutions to the pandemic. As always, there is never a cost to participate in any of LatinFinance’s awards programs.

In addition, this year we felt it important to partner with a charity that could bring some support to impacted communities in Latin America. We chose EMpower as the official charity for all our awards programs this year. EMpower supports local organizations in emerging market countries that provide young people living in poverty with the tools and resources they need to lead healthy, productive lives. We have asked them to focus donations from this partnership on their grantees in Latin America.

Marginalized young people and their families are some of the hardest hit by the COVID-19 pandemic, and need our support more than ever. Donations will help fund critical health information and services, provide essential supplies like food and sanitizer, help young people – especially girls – for whom home is not a safe place, and support young people to continue to their education, get jobs, and lead change in their communities. Learn more at empowerweb.org.

The full list of winning transactions and institutions can be found in a special Deals of the Year supplement to LatinFinance magazine.

View winners


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Award details

Click any of the sections below for more details on the 2020 Deals of the Year Awards.

Overview

LatinFinance's Deals of the Year Awards are the pre-eminent marker of excellence in the industry, determined by LatinFinance's editors based on an exhaustive selection process.

The awards eligibility period is October 1, 2019, to September 30, 2020. Deals must have closed on or prior to September 30, 2020 to qualify.

Categories

Following are the provisional categories for the 2020 Deals of the Year Awards.

  1. Sovereign Issuer of the Year
  2. Corporate Issuer of the Year
  3. Sovereign Bond of the Year
  4. Quasi-Sovereign Bond of the Year
  5. Corporate High-Grade Bond of the Year
  6. Corporate High-Yield Bond of the Year
  7. Sovereign Liability Management of the Year
  8. Corporate Liability Management of the Year
  9. Initial Public Offering of the Year
  10. Equity Follow-On of the Year
  11. Private Equity Deal of the Year
  12. Cross-Border M&A Deal of the Year
  13. Domestic M&A Deal of the Year
  14. Syndicated Loan of the Year
  15. Restructuring of the Year
  16. Local Currency Deal of the Year
  17. Structured Financing of the Year
  18. Law Firm of the Year: LatAm
  19. Law Firm of the Year: Mexico
  20. Law Firm of the Year: Brazil
  21. Law Firm of the Year: Andes
  22. Bond House of the Year
  23. M&A House of the Year
  24. Equity House of the Year
  25. Loan House of the Year
  26. Investment Bank of the Year

Criteria

The 2020 Deals of the Year Awards will be judged on the following factors. Nominations for all categories should note significant actions taken with regard to the COVID-19 pandemic, either for deals, running of businesses, or changes to operation and deals.

Issuers:

Categories 1 and 2 will be judged on:

  • Extent of participation in the bond, loan and equity markets over the year, including the volume and diversity of deals
  • Sophistication of issuance strategy, including innovation and foresight
  • Structural aspects of transactions, success of issuances and geographical reach of deals

Deals:

Categories 3–17 will be judged on:

  • Market significance, strategic importance and groundbreaking qualities
  • Structural aspects of the transaction, including complexity, innovation and size
  • Execution, including price and demand achieved compared to other references in the market with regard to conditions at the time
  • Secondary market performance, and reception by peers and investors
  • Geographic reach where relevant

Investment banks and law firms:

Categories 18 to 26 will be judged on:

  • Overall strategy, volume and diversity of transactions
  • Innovation and foresight
  • Execution quality and success of transactions worked on
  • Role in particularly complex, innovative or large deals over the year
  • Quantity of transactions worked on over the year, and compared to previous years

Selection process

LatinFinance's 2020 Deals of the Year Awards are decided solely by LatinFinance's editors following an extensive research process. The key elements of each step of the process are outlined below.

Market consultation

LatinFinance editors can, at their discretion, discuss the relative merits of shortlisted transactions and institutions with a wide range of market participants, while maintaining the integrity of the nomination process.

Examination of financial data

LatinFinance will research data and other publicly available information for each of the nominated transactions and institutions. As is relevant in each category, such data will include, but not be limited to: presentations on the projects being financed, stock exchange filings, transaction pricing details, secondary market trading data. Nominations are required to include all relevant CUSIP, ISIN, or unique identifiers that are publicly available to pinpoint exactly which assets are being nominated for a potential award. Non-public transactions that are submitted through the formal nominations process need to have accompanying documentation for appropriate examination if they are to be considered for an award. Special circumstances or technological limitations should be discussed with the editorial department by emailing awards@latinfinance.com.

Editorial evaluation

LatinFinance's editorial team retains discretion over the final allocation of awards in each category. The final decision will be based on nominations, market consultation, research of financial data, and feedback on transactions over the course of the awards review period. LatinFinance reserves the right to withhold naming a category winner.

Announcements

Winners will be informed in mid- to late November with the news embargoed until publication of the Q1 2021 edition of LatinFinance magazine. Given the uncertainty of travel during this period, award winners will be contacted to discuss plans for an appropriate presentation process to take place at a date and time to be determined in January 2021.

Nominations

All entries must be submitted through the official nomination form at awards.latinfinance.com.

  • Entry deadline: Friday, October 23, 2020, at 11:59 PM EDT. Please note the entry deadline is final. There will be no extensions. The system will automatically prevent entry submission after the deadline.
  • Institutions may nominate ONE transaction or institution in a given category. Please be sure to coordinate with other members of your institution to ensure compliance. This new platform makes it simple to share and review the draft submission before finalizing.
  • Each nomination will require data fields to be filled in correctly before a nomination can be submitted. Failure to provide the proper information can lead to disqualification.
  • Each nomination will have the ability to also include additional documents to support the entry, but this does not replace filling in of the required fields with the data that is being sought for evaluation. In this special section you can provide an outline of qualitative information describing the ways your institution has grown, achieved success and stayed ahead of the competition, as well as any other relevant qualitative data the institution wants to make available for the judging process.

New features of our awards platform include:

  • You may edit your entry after submitting, up until the entry deadline.
  • You have the ability to enter documents and review them within your teams, collaborate on information, formulations and create the most thorough summary of information BEFORE you submit.
  • You can enter, edit and review your entries on your mobile device. Either log in at awards.latinfinance.com or scan the QR code on the PDF version of your draft or final entry.
  • You can use the copy feature to create a copy of your entry and change the category as required.

When you register, please make sure all your personal details are entered accurately, including contact details, as this will be used to contact in case of questions regarding the nomination. It will also be the way we inform winners.

Support

If you have any questions on the entry process, please email awards@latinfinance.com and put "Deals of the Year Awards" in the subject line.

Previous winners: 2019, 2018, 2017, 2016, 2015