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  1. Professionals

Rodrigo Carvalho

Partner

São Paulo

+551134436316

New York

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  • Overview
  • Experience
  • Credentials
  • Insights & News

Rodrigo concentrates his practice on mergers and acquisitions, capital markets, and corporate finance matters in Latin America, with a special focus on Brazil.

Rodrigo is a member of the firm’s corporate department and head of Winston’s Brazilian Affiliate. Rodrigo has extensive transactional experience in Brazil and internationally across a broad spectrum of industries. He advises clients on cross-border M&A, international debt and equity offerings, and finance matters involving Brazil and other parts of Latin America. Rodrigo also supports Winston’s US and international offices on matters relating to Brazil and the region in areas such as antitrust, compliance, disputes, investigations, and sanctions. He previously was Bank of America’s Head of Investment Banking (Legal Division) in Brazil. Rodrigo has worked in New York, London and São Paulo during his legal career. He is admitted both in New York and in Brazil.

Key Matters

Some of the experience represented below may have been handled at a previous firm.

Representative Experience

Equity offerings: Rodrigo has acted as outside counsel to issuers/selling shareholders and placement agents/underwriters, as well as lead in-house counsel of a major international bank on over seventy (70) SEC-registered and 144A/Reg S equity offerings (IPOs and Follow-Ons) of Brazilian corporations in a wide variety of industries.

Debt offerings: Rodrigo has acted as outside counsel to issuers and initial purchasers/underwriters, as well as lead in-house counsel of a major international bank on over fifty (50) SEC-registered and 144A/Reg S debt offerings of Brazilian corporations in a wide variety of industries.

M&A: Rodrigo has acted as outside counsel to companies, private equity funds and strategic buyers in various landmark M&As and corporate related matters in a wide range of sectors. Rodrigo has also acted as a financial advisor’s in-house counsel in mergers and acquisitions, including: the sale of assets by one of the largest telecom companies in Latin America; the sale of oil fields by one of the world’s largest oil and gas companies; the merger of retail companies in Brazil; the acquisition of a majority stake in a technology company by an aircraft manufacturer; the acquisition of airport concessions in Brazil by an international airport operator; a merger involving two of the largest pulp and paper producers in the world; and the acquisition of a power conglomerate in Brazil by Chinese Investors. Activities included designing novel acquisition structures and defense strategies, overseeing the issuance of fairness opinions and valuation reports, and providing senior advice on negotiating issues.

Financing: Rodrigo has acted as outside counsel to borrowers, lenders and multi-lateral agencies, as well as lead in-house counsel of a major international bank, in various cross-border corporate and project financings of Brazilian companies.

  • Chambers Brazil: Ranked in Capital Markets, International Firms (2022–2025); Corporate/M&A, International Firms (2023–2025); and Banking & Finance, International Firms (2025)
  • Chambers Global: Ranked in Capital Markets, International Firms (2023–2025); Corporate/M&A, International Firms (2024–2025); and Banking & Finance, International Firms (2025)
  • The Legal 500 Latin America: International Firms – Recognized Lawyer for Banking & Finance and Capital Markets and Next Generation Partner for Corporate/M&A (2022–2025)
  • The Legal 500 U.S.: Recognized “Key Lawyer” for Project Finance (2022–2023)
  • Latin Lawyer 250: Recognized for his work in Banking & Finance, Capital Markets, Corporate/M&A and Private Equity (2024)
  • Leaders League: Ranked "Excellent" in Capital Markets, International Firms (2023–2025) and "Highly Recommended" in "Corporate/ M&A" (2023–2025) 
  • Lawdragon 
    • “500 Leading Energy Lawyers” for Energy Transactions, esp. Cross-Border (2024–2025)
    • “100 Lawyers You Need to Know in South America” for Finance, Capital Markets, M&A, Energy, and Venture Capital (2025)
  • Led the team that won the "Energy Export Finance Deal of the Year" for Raizen's green loan structured under the SACE Push Strategy Program, financing general corporate purposes including eligible green projects in the renewable energy and energy efficiency sectors (TXF, 2023)

 

Capabilities

Mergers & Acquisitions
Capital Markets
Transactions
Employee Benefits & Executive Compensation
Finance
Public Companies
Corporate Governance
Financial Innovation & Regulation
International Trade
Private Investment Funds
Real Estate
Private Equity
Fund Finance
Project Finance
Structured Finance
Environmental, Social & Governance (ESG)
Commercial Litigation & Disputes
Energy
Oil & Gas
Infrastructure
Financial Services
FinTech, Banking & Payments

Key Matters

Some of the experience represented below may have been handled at a previous firm.

Representative Experience

Equity offerings: Rodrigo has acted as outside counsel to issuers/selling shareholders and placement agents/underwriters, as well as lead in-house counsel of a major international bank on over seventy (70) SEC-registered and 144A/Reg S equity offerings (IPOs and Follow-Ons) of Brazilian corporations in a wide variety of industries.

Debt offerings: Rodrigo has acted as outside counsel to issuers and initial purchasers/underwriters, as well as lead in-house counsel of a major international bank on over fifty (50) SEC-registered and 144A/Reg S debt offerings of Brazilian corporations in a wide variety of industries.

M&A: Rodrigo has acted as outside counsel to companies, private equity funds and strategic buyers in various landmark M&As and corporate related matters in a wide range of sectors. Rodrigo has also acted as a financial advisor’s in-house counsel in mergers and acquisitions, including: the sale of assets by one of the largest telecom companies in Latin America; the sale of oil fields by one of the world’s largest oil and gas companies; the merger of retail companies in Brazil; the acquisition of a majority stake in a technology company by an aircraft manufacturer; the acquisition of airport concessions in Brazil by an international airport operator; a merger involving two of the largest pulp and paper producers in the world; and the acquisition of a power conglomerate in Brazil by Chinese Investors. Activities included designing novel acquisition structures and defense strategies, overseeing the issuance of fairness opinions and valuation reports, and providing senior advice on negotiating issues.

Financing: Rodrigo has acted as outside counsel to borrowers, lenders and multi-lateral agencies, as well as lead in-house counsel of a major international bank, in various cross-border corporate and project financings of Brazilian companies.

Credentials

Education

Rodrigo holds an LLM from Northwestern University Pritzker School of Law as well as a CBA from the Kellogg School of Management.

    Admissions
    • New York
    Languages
    • Spanish
    • Portuguese

    Related Insights & News

    Media Commentary and Publications

    • “Co-Author”, Legal Guide for Capital Markets Access in Brazil (March 2019 - second edition).

    Speaking Engagements

    • Panelist, “What’s Next for Brazil,” BNamericas, November 9, 2022
    • Panelist, “SPACs: Regulatory Challenges in Brazil,” Webinar, August, 2021
    • Panelist, "Assessing Market Pricing and Appetite for ESG Instruments," Bonds & Loans Latin America & Caribbean Conference, November, 2021
    • Panelist, "SPACs Go Global: Legal Insights and Market Trends," Webinar, November 2021
    Recognitions
    Winston Ranked Among the Top International Law Firms Representing Latin America’s Largest Banks in LACCA 2024 Survey

    May 14, 2025

    Recognitions
    Winston & Strawn Noted by Latin Lawyer as One of the Most Popular International Law Firms in 2024 in Latin America

    April 10, 2025

    Recognitions
    Winston Attorneys Featured on the 2025 Lawdragon 100 Lawyers You Need to Know in South America List

    March 21, 2025

    Sponsorship
    Winston & Strawn Sponsors IJ LATAM 2025

    March 10, 2025

    Recognitions
    Winston Attorneys Featured on the 2025 Lawdragon 500 Leading Energy Lawyers List

    March 6, 2025

    Recognitions

    Winston Recognized in Chambers Global 2025

    February 25, 2025

    Recognitions

    Winston & Strawn Recognized in Chambers Brazil Transactional 2024 Guide

    October 25, 2024

    Recognitions
    Winston & Strawn Recognized in The Legal 500 Latin America 2025

    October 24, 2024

    Recognitions

    Winston Ranked in Leaders League 2025 for Brazil – Best International Law Firms for Capital Markets and Corporate/M&A

    October 16, 2024

    Recognitions
    Winston’s Latin America Practice Recognized in Latin Lawyer’s 250 2025

    September 11, 2024

    Sponsorship
    Winston Sponsors Finance and Law Summit Awards 2024

    June 18, 2024

    Recognitions
    Winston Advises on TXF’s 2023 Energy Export Finance Deal of the Year

    April 18, 2024

    View All Insights & News

    Capabilities

    Mergers & Acquisitions
    Capital Markets
    Transactions
    Employee Benefits & Executive Compensation
    Finance
    Public Companies
    Corporate Governance
    Financial Innovation & Regulation
    International Trade
    Private Investment Funds
    Real Estate
    Private Equity
    Fund Finance
    Project Finance
    Structured Finance
    Environmental, Social & Governance (ESG)
    Commercial Litigation & Disputes
    Energy
    Oil & Gas
    Infrastructure
    Financial Services
    FinTech, Banking & Payments
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