Linklaters and Skadden Arps Slate Meagher & Flom have taken lead roles on a $600m (£380m) merger deal set to create the largest investment bank in Latin America, reports The Am Law Daily.

The combination of Brazil’s BTG Pactual and Chile’s Celfin Capital has seen Linklaters take the lead for Celfin, with New York corporate partner Alberto Luzarraga heading up the firm’s team.