Dias Carneiro and Hunton Andrews Kurth advised IDB Invest on the financing to Banco Daycoval for the fostering of credit for small and medium-sized enterprises in Brazil.
IDB Invest, a member of the Inter-American Development Bank (IDB) Group, provided a USD 430 million financial package to Banco Daycoval S.A. in Brazil.
The financing package consisted of a USD 150 million loan from IDB Invest and USD 280 million mobilized from commercial banks in dollars and euros.
The deal included advisory services from IDB Invest to increase gender equality and diversity inclusion, both within Daycoval and also in its supply chain. IDB Invest will guide Daycoval in identifying opportunities in their recruitment and talent development, as well as in their purchasing and procurement processes. This transaction is expected to potentially contribute to four United Nations Sustainable Development Goals (SDGs): Gender Equality (SDG 5), Decent Work and Economic Development (SDG 8), Industry, Innovation and Infrastructure (SDG 9) and Reduced inequalities (SDG 10).
Dias Carneiro Advogados team in Brazil included Thiago Flores (Picture), Luana Falkenburger, Fernanda Melhem, Luiza De Munno.
Hunton Andrews Kurth team in New York included Alejandro Silva and Juan D. Olano.