September 23, 2021 – A transaction led by an HHR Latin America team has won “Financial Services Deal of the Year” in the middle market segment at The Deal Awards 2021.

The HHR team served as lead legal advisor to the shareholders of BAC Florida Bank in the sale of the Coral Gables-based bank to Brazil’s Banco Bradesco for at least $500 million. The matter was also nominated for “Deal of the Year.”

The Deal Awards celebrate the top firms and individuals transforming the economy. They recognize the advisers, professionals, firms and banks driving the market forward. The winners were revealed on Sept. 23 at an awards ceremony at the JW Marriott Essex House in New York.

The sale, announced in May 2019 and completed in October 2020, marked Banco Bradesco’s first-ever acquisition in the U.S. market. BAC now operates as a unit of Bradesco’s subsidiary Lecce Holdings SA. The Brazilian lender plans to expand investment offerings in the U.S. to BAC’s affluent clients, as well as other banking services such as checking accounts, credit cards and real estate financing.

Ruben Diaz led the HHR team, which also included Freddie Goudie.