Maritza U.B. Okata

Maritza U.B. Okata Partner, Mergers & Acquisitions and Private Equity

Maritza’s practice focuses on mergers and acquisitions, private equity, and finance transactions primarily involving energy and infrastructure-related assets. Her diverse experience includes representing private equity sponsors, investment funds and their portfolio companies, as well as companies and financial institutions, in mergers and acquisitions, strategic investments, joint ventures, divestitures, financings, and corporate matters.

Maritza has significant cross-border experience, particularly in Latin America, with transactions in the energy and natural resource, technology, telecommunications, and infrastructure sectors. She also counsels borrowers, issuers, lenders, and institutional debtholders in secured syndicated financings, cash-flow and asset-based financings, mezzanine financings, acquisition financings, private placements, project financings, and restructurings.

Experience Highlights

  • Riverstone Holdings in the $9.5 billion formation of Talen Energy Corporation, one of the largest independent power producers in the U.S., through a Reverse Morris Trust spin-off of PPL Corporation’s merchant power generation business and the concurrent combination thereof with Riverstone’s merchant power generation business and associated debt financings
  • Quantum Utility Generation in its acquisition of a portfolio of gas-fired generation development projects in Texas
  • The Carlyle Group in the acquisition from The Goldman Sachs Group of the North American power generation assets of Cogentrix Energy, including five coal and solar power projects and a development pipeline of gas and renewable projects
  • The Rohatyn Group in the $880 million sale of its minority stake in Transportadora de Gas Internacional S.A. ESP to majority shareholder Empresa de Energía de Bogotá S. AS. ESP
  • TPG in its $300 million cross-border preferred equity investment in M&G Chemicals S.A., which has assets and operations in North America, Brazil, Europe, and Asia

Latin America

  • Private equity fund in connection with its investment in a Brazilian transportation technology and logistics company
  • Global investment firm in connection with its investment in a Brazilian mining company
  • Global investment bank as lead investor in connection with the formation of a Brazilian private equity investment fund formed to acquire oil and gas concessions and related assets in Brazil
  • Brazilian oil and gas exploration and development company and its affiliates in connection with multiple private placements of U.S. and Brazilian preferred and common equity securities and convertible debt securities and the acquisition of rights in onshore and offshore oil and gas concessions in Brazil
  • Brazilian oil and gas exploration and development company and its affiliates in connection with a senior secured cross-border credit facility and related intercompany loan arrangements
  • Global provider of retail investment services in connection with the proposed establishment of brokerage operations in Brazil
  • Global investment bank regarding gift and entertainment laws and regulatory and related compliance considerations relating to its operations in various Latin American countries
  • Leading provider of global consumer finance services in connection with structuring broker arrangements for consumer lending products in Brazil and its bid to acquire a state-owned regional bank in Brazil

Private Equity

  • Riverstone Holdings in its sale of a portfolio of eight power generation facilities located in the Northeast United States (pending)
  • The Carlyle Group in a joint venture with Sunoco, Inc. to own and operate a Philadelphia refinery, the oldest continuously operating refinery on the U.S. east coast
  • Global hedge fund group in connection with its alliance arrangements with a private equity firm and related restructuring of interests in investment management and general partner vehicles
  • Private equity fund in connection with the acquisition of a controlling interest in an accounts receivables management company and related acquisition financing
  • Private equity firm in connection with the acquisition of substantially all of the assets of the oldest multi-line candy company in the United States and related debt and equity financing arrangements
  • Private equity firm in connection with the divestiture of substantially all of the assets of an industrial and packaged gas distributor
  • Private equity firm in connection with the sale of its portfolio company, a designer, manufacturer, and distributor of power supplies, converters, and adapters
  • Private equity firm in connection with investments by sovereign wealth funds and other strategic investors
  • Largest diversified supplier of construction materials in the United States and Canada in connection with its acquisition of a privately held company involved in the quarrying and distribution of limestone and aggregates

Finance

  • A uranium enrichment company in a $50 million debtor-in-possession financing
  • A uranium enrichment company and its affiliates in connection with its senior secured asset-based facility and the addition and subsequent restructuring of a last-out term loan tranche
  • Energy and infrastructure funds in connection with a negotiated foreclosure in respect of mezzanine financing provided to a private equity sponsor of power projects
  • Energy and infrastructure funds in connection with mezzanine financing to a private equity sponsor to support a series of acquisitions and corporate restructurings of a portfolio of landfill gas-to-energy facilities in the United States
  • Energy and infrastructure funds in connection with mezzanine financing to a private equity sponsor in connection with its investment in the owner and operator of a power project in New York
  • Energy and infrastructure funds in connection with mezzanine debt and preferred equity financing to a private equity sponsor in connection with the acquisition of a power project in Mississippi
  • Energy and infrastructure funds in connection with mezzanine loans to Kelson Energy Inc
  • Energy and infrastructure funds in connection with mezzanine financing to support the acquisition by a private equity sponsor of a controlling interest in a power project in California

Contact Details

New York

T +1.212.237.0225
F +1.917.849.5355
mokata@velaw.com
666 Fifth Avenue
26th Floor
New York, NY 10103-0040
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Maritza's Practices

  • Yale Law School, J.D. (Articles Editor, Yale Law Journal)
  • Harvard University, A.B. magna cum laude (Harvard National Scholar)
  • Admitted to practice: District of Columbia; New York
  • Other languages: Portuguese (fluent); Spanish (proficient); French (proficient)
  • Law clerk to Associate Justice Stephen G. Breyer, Supreme Court of the United States, 2002–2003
  • Law clerk to Judge Guido Calabresi, U.S. Court of Appeals for the Second Circuit, 2001–2002
  • Legal 500 U.S.Mergers & Acquisitions: Large Deals ($1bn–$5bn), 2012; Energy: Transactions, 2014
  • Term Member: Council on Foreign Relations