Hunton Andrews Kurth Advises DFC and IDB Invest on Investment in Latin American Micro-Mobility Platform Tembici

Time 2 Minute Read
January 10, 2024
News

As announced at the United Nations 2023 Climate Change Conference (COP28), the U.S. International Development Finance Corporation (DFC) and the Inter-American Investment Corporation (IDB Invest) co-invested a combined $23 million in preferred equity of micro-mobility platform Tembici to support the expansion of bicycle-sharing services in Latin America. The investments will help Tembici grow its active users in Brazil, Colombia, Chile, and Argentina, reduce automobile usage and annual CO2 emissions, and help protect both the health of residents and the climate globally.

Hunton Andrews Kurth LLP is proud to have advised DFC and IDB Invest in this endeavor as international counsel.  We drew together talented lawyers from a variety of the Firm’s disciplines including M&A, agency finance, and venture capital. Mattos Filho acted as Brazil counsel for DFC and IDB Invest on this transaction.
 

International Counsel to DFC and IDB Invest:

Hunton Andrews Kurth LLP

Eric Markus, Partner

Amee Narayan, Partner

James Comyn, Partner

Lee Davis, Counsel

Alexander Abramenko, Associate

Rafia Ali, Associate
 

Brazil Counsel to DFC and IDB Invest:

Mattos Filho

Paula Vieira de Oliveira, Partner

Camilla Martes, Partner

Cindy Scofano Takahashi, Associate

Lívia Geraldi Lima, Associate
 

IDB Invest In-House Counsel:

Ana Maria Estrada Sierra, Legal Officer
 

Brazil Counsel to Tembici:

Bronstein Zilberberg Chueiri Potenza

Pedro Chueiri, Partner

Gabriel Junqueira, Associate

Anna Kaba, Associate
 

Tembici In-House Counsel:

Camila Couto, Head of Legal & Compliance

Marcela Palma, Corporate Legal Manager

Jump to Page