J.P. Morgan’s Highbridge Capital Management, the global alternative asset manager owned by J.P. Morgan Asset Management, announced the purchase of a majority interest in the $6 billion Brazilian hedge fund and private equity firm Gavea. Gavea is headed by Brazil’s former central bank chief, Arminio Fraga.
This transaction was highly complex and involved aspects of U.S. financial regulatory, Brazilian regulatory, U.S. and Brazilian tax treatment of the transaction, and Brazilian and U.S. corporate issues.
SNR Denton was counsel to Gavea and its chief Arminio Fraga. The SNR Denton team was led by Marc Teitelbaum (Chair – Tax Practice Group & NY Partner) and Paul Gajer (Chair -Corporate Practice Group & NY Partner). Additional SNR Denton team members included: Michael Maryn (Wash. DC Partner – Employment, Benefits & Executive Compensation), Ron Sitton (NY Partner – Corporate), Timothy Santoli (NY Sr. Managing Associate – Tax) and Rosemary Spaziani (NY Managing Associate – Corporate).
JPMorgan was represented by: Cahill Gordon & Reindel LLP.
