NexantECA acted as technical and market due diligence advisor to a syndicate of banks led by J.P. Morgan in the largest 144A Project Bond offering in Brazil’s history, in the context of Mubadala Capital´s acquisition of the Refinaria Landulpho Alves (RLAM refinery) from Petrobras.
The NexantECA team was led by Bruce Burke, Chirag Kothari, and Matthew Porter, with support from NexantECA’s New York, Houston, and London offices. RLAM is the second largest refinery in Brazil and the first refinery sale in Petrobras’ refinery divestment program, accounting for approximately 14% of Brazil’s refining capacity. The RLAM cluster comprises one refinery, four storage terminals, and a pipeline system that connects the refinery and terminals and enables direct access to crude oil supply and the Brazilian refined products market.
Bruce Burke, NexantECA Senior Vice President, commented, “NexantECA is pleased to have supported Mubadala Capital, J.P. Morgan, and investors on this transaction. The RLAM cluster is well positioned to serve the Bahia and north/northeastern Brazilian markets, and under Mubadala Capital’s leadership can be expected to be a strong competitor in these and selected global markets.”
NexantECA is a leader in strategic M&A support for chemicals, energy, and clean energy transactions, providing independent commercial and technical due diligence services. As a result of our deep sector experience, we have immediate insight into the issues which drive value. NexantECA’s analysis is based on both market and product level knowledge as our project teams are staffed by chemists, chemical engineers, economists, and professionals with relevant industry experience.
About Us - NexantECA, the Energy and Chemicals Advisory company is the leading advisor to the energy, refining, and chemical industries. Our clientele ranges from major oil and chemical companies, governments, investors, and financial institutions to regulators, development agencies, and law firms. Using a combination of business and technical expertise, with deep and broad understanding of markets, technologies and economics, NexantECA provides solutions that our clients have relied upon for over 50 years.