MIAMI – April 21, 2025 – Global law firm Greenberg Traurig, LLP advised Procaps Group, a leading integrated Latin American pharmaceutical and health care company, in its $130 million equity investment, comprehensive debt restructuring of approximately $209 million, and strategic leadership transition.
Procaps raised $130 million in capital, including a $90 million private placement of ordinary shares and $40 million in secured notes that converted into ordinary shares. Additionally, the company restructured approximately $209 million in debt with about two dozen key lenders.
“This transaction marks a critical milestone in the transformation of Procaps. We appreciate Greenberg Traurig’s support in helping us navigate this complex process,” said Melissa Angelini, interim Co-CEO of Procaps Group.
Greenberg Traurig Latin America Practice Co-Chair Antonio Peña led a multidisciplinary team to provide counsel across mergers & acquisitions, restructuring, capital markets, corporate finance, governance, and antitrust matters on a transaction involving more than a dozen jurisdictions with the participation of close to 30 law firms.
“We are proud to have helped Procaps in saving more than 5,000 jobs and laying the groundwork necessary for its turnaround and future growth,” Peña said. “In a time of significant leadership changes and challenging circumstances, our team at Greenberg Traurig worked closely and strategically with Procaps on critical decisions that ensured business continuity and a path forward.”
In addition to Peña, the Greenberg Traurig team representing Procaps Group was led by Latin America Practice Shareholders Thomas R. Martin and Arnaldo C. Rego, Jr.
Other team members included Miami Corporate Shareholders, Raffael Fiumara, Ari Newman, Emilio J. Alvarez-Farré, Benjamin G. Greenberg and Sami B. Ghneim, New York Corporate Shareholder Stephen M. Pepper, New York Litigation Shareholder Robert A. Horowitz, Dallas Litigation Shareholder Karl G. Dial, Miami Corporate Associates Ashelin Myus, Sergio Shapiro, Blanca Alcaraz Serrano, and Javier M. Sanchez, and Boston Corporate Associate Kyle C. Ffrench.
“We look forward to continuing to support Procaps Group as it works on executing its turnaround strategy,” Martin added. “Following this realignment with its creditors and other stakeholders, the company is now well positioned to focus on operational excellence.”