Sale of a 20% stake in Star One S.A,Embratel's satellite unit to Societé Europeenne des Satellites for $165 million

Advisory to Terra Networks in the Acquisition of ZAZ for $195 million

Advisory in the privatization of Telebras

Fairness Opinion in the Sale of Galaxy Brasil and Abril's 10% stake in Galaxy Latin America to Cisneros and Hugues

$125 million 144A Eurobonds for Banco Safra

Valuation of Internet
Service Subsidiary
SOME TRANSACTIONS WERE EXECUTED BY THE PARTNERS WHILE EMPLOYED BY OTHER INVESTMENT BANKS