Heinzel Holding GmbH and Paracel S.A. jointly announced that Heinzel has entered into an investment agreement to become the strategic equity investor in Paracel, an afforestation and pulp mill project in Paraguay, South America. Paracel has now received equity commitments from a group of Paraguayan and European business families, with Heinzel's investment completing the needed strategic equity for the project. Heinzel will hold 25% of Paracel's shares at project completion.
Latham & Watkins LLP advised Paracel in the transaction with a deal team led by Latin America Practice partner Gianluca Bacchiocchi, with associate Daniel Chor. Advice was also provided on compliance/sanctions matters by partner Les Carnegie, with associate Alli Hugi.