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An analysis of transactions in 2017, including M&A, Private Equity and Venture Capital
M&A Handbook
BRAZIL · 2018
M&A · PRIVATE EQUITY · VENTURE CAPITAL
©2018 - Zuvinova, S.A.
First edition, May 2018
Zuvinova, S.A.
Guia de M&A Brasil 2018 / M&A Handbook 2018
May, 2018
All the rights reserved.
No part of this publication may be reproduced, transmitted or recorded by
any information retrieval system, in any form or by any means without the
prior permission in writing from the publisher Zuvinova, S.A.
TTR – Transactional Track Record and TTR logo are trademarks,
property of the publisher Zuvinova, S.A.
©2018 [Zuvinova, S.A.]
Rua dos Cavalos, 30
7830-341 Serpa
M&A Handbook
M&A
PRIVATE EQUITY
VENTURE CAPITAL
BRAZIL
2018
Note from the authors
The M&A Handbook 2018 is a result of local research and market analysis by
TTR’s Research and Business Intelligence team. Our team follows the transactional
markets analysed in this Handbook at a local level, in local language, and on a daily
basis – researching transactional and financial data by contacting market players,
collecting their input and crosschecking and analysing the data throughout the year.
For full access to all of the transactional data on Brazil, Latin America, and the Iberian
market (spanning Mergers and Acquisitions, Equity Capital Markets, Acquisition
Finance and Project Finance) visit TTR at www.TTRecord.com.
Contents
Definitions 7
Visual Summary 2017 9
Mergers & Acquisitions 13
Private Equity 29
Venture Capital 39
Sectors & Subsectors 47
Most active subsectors in 2017 50
Energy and Renewable Energies 52
Real State and Construction 56
Industry 59
Natural Resources 66
Services and Distribution 69
Technology and Telecoms 78
Most Active Advisors 83
Financial Advisors 84
Legal Advisors 94
Corporate Profiles 121
Acknowledgements 177
Index of Entities 179
M&A TRANSACTIONS
For the purpose of this Handbook, only transactions announced in 2017 with status
completed are considered. The acquisition of assets or any other corporate acquisition
that does not involve the acquisition of shares is not considered an M&A transaction. The
acquisition of shares in a target company which configures a mere stock market transaction
(namely, through a broker or any type of intermediary) is also not considered to be an M&A
transaction.
TTR considers Brazilian M&A deals to include any acquisition of shares, both of public or
private companies based in Brazil or of any other company worldwide where a Brazilian
entity is involved as buyer or seller.
PRIVATE EQUITY TRANSACTIONS
All investments or divestments carried out by Private Equity firms and/or funds under
management are registered as Private Equity deals. When the purchase or sale of a specific
target company is carried out through one of the Private Equity firms’/funds’ subsidiaries,
the deal will only be considered a Private Equity deal if the subsidiary is controlled by the
referred Private Equity firm/fund.
VENTURE CAPITAL TRANSACTIONS
Investments carried out by private funds which concentrate their activity on companies in
a startup phase, including seed capital, early stage and expansion.
BIG TICKET
All M&A deals where total deal value is equal or greater than R$500m.
MID-MARKET
All M&A deals where total deal value is equal or greater than R$200m and less than R$500m.
SMALLER MARKET
All M&A deals where total deal value is less than R$200m.
Definitions
1Vis
ual
Su
mm
ary
20
17
10 TTR - Transactional Track Record (www.TTRecord.com)
VIS
UA
L SU
MM
AR
Y O
f 2
01
7B
RA
ZIL
M&APEVC
0,00 500,00 600,00 700,00 800,00
600
700
800
0,00 350,00 400,00 450,00 500,00
75
90
105
120
0,00 15,00 20,00 25,00 30,00 35,00
125
150
175
200
2014
135.838,77
2015
126.886,00
2016
132.807,17
2017
100.544,18
2014
17.768,99
2015
21.263,85
2016
13.382,842017
13.896,27
2014
1.082,28
2015
1.267,56
2016
1.993,65
2017
2.776,89
Volume and value of transactions by type and year
TOTAL VALUE (R$m)
X Axis - AVERAGE VALUE (R$m)
Y Axis - No. Of TRANSACTIONS
Private Equity
Mergers and Acquisitions (M&A)
Venture Capital
LEGEND
* This graph does not include the PE/VC transactions in the total number of M&A
M&APEVC
0,00 500,00 600,00 700,00 800,00
600
700
800
0,00 350,00 400,00 450,00 500,00
75
90
105
120
0,00 15,00 20,00 25,00 30,00 35,00
125
150
175
200
2014
135.838,77
2015
126.886,00
2016
132.807,17
2017
100.544,18
2014
17.768,99
2015
21.263,85
2016
13.382,842017
13.896,27
2014
1.082,28
2015
1.267,56
2016
1.993,65
2017
2.776,89
M&APEVC
0,00 500,00 600,00 700,00 800,00
600
700
800
0,00 350,00 400,00 450,00 500,00
75
90
105
120
0,00 15,00 20,00 25,00 30,00 35,00
125
150
175
200
2014
135.838,77
2015
126.886,00
2016
132.807,17
2017
100.544,18
2014
17.768,99
2015
21.263,85
2016
13.382,842017
13.896,27
2014
1.082,28
2015
1.267,56
2016
1.993,65
2017
2.776,89
11TTR - Transactional Track Record (www.TTRecord.com)
VIS
UA
L S
UM
MA
RY
Of
20
17
BR
AZ
IL
Technology
Internet
Distribution and Retail
Healthcare, Hygiene, Medical Aesthetics
and Cosmetics
financial and Insurance
Consultancy, Audit and
Engineering
4.007,47
4.334,40
8.160,10
2.029,80
1.263,73
6.606,27
84 3 98
69 2313
72 247
55 215
29 455
55 11 11
Most active subsectors by type of transaction
Advisors
Cross-Border Transactions
LEGEND
LEGEND
M&A
Private Equity
Venture Capital
TOTAL VALUE (R$m)
No. of transactions
No. of transactions with Legal Advisors
No. of transactions with Financial Advisors
No. of transactions with Legal & Financial Advisors
23.673,59
R$m
41.211,09
R$m
115 240
Outbound Inbound
* This graph does not include the PE/VC transactions in the total number of M&A
886
206
494
543
2Mergers & Acquisitions
14 TTR - Transactional Track Record (www.TTRecord.com)
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Mergers & AcquisitionsTOTAL VALUE (R$m)
No. Of DEALSLEGEND
Mid Market (≥ R$ 200m)
Smaller Market (<R$ 200m)
Big Ticket (≥ R$ 500m)
LEGEND
2016 - Total Value
2015 - Total Value
2014 - Total Value
2017 - Total Value
LEGEND
Year
Total No.
of deals
Total value
(R$m)
2017 886 117.197,34
2016 890 148.183,66
2015 924 149.417,41
2014 815 154.690,04
Aggregate deal value and volume by market segment
Big Ticket (≥ R$ 500m)
Mid Market (≥ R$ 200m)
Smaller Market (<R$ 200m)
Number of Deals
10k
20k
30k
40k
50k
60k
70k
80k
4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q
18
9
17
5
23
3
23
7
21
8
20
0
22
3
26
4
19
6
19
8
24
5 251
21
9
20
0
22
6 24
1
2014 2015 2016 2017
2014201520162017
13%13%
74%
13%15%
72%
11%14%
75%
15%13%
72%
Aggregate deal value and volume by market segment
92
.19
4,3
4 12
8.1
05
,66
12
3.1
03
,25
12
8.2
02
,79
15
.44
3,2
2
12
.38
8,8
14
.61
3,3
3
14
.71
2,4
6
9.5
59
,78
7.6
89
,2
11
.70
0,8
3
11
.77
4,7
9
2014201520162017
13%13%
74%
13%15%
72%
11%14%
75%
15%13%
72%
Aggregate deal value and volume by market segment
92
.19
4,3
4 12
8.1
05
,66
12
3.1
03
,25
12
8.2
02
,79
15
.44
3,2
2
12
.38
8,8
14
.61
3,3
3
14
.71
2,4
6
9.5
59
,78
7.6
89
,2
11
.70
0,8
3
11
.77
4,7
9
15TTR - Transactional Track Record (www.TTRecord.com)
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Distribution of total deals by deal type LEGEND
M&A
Private Equity
Big Ticket
(≥ R$ 500m)
Mid market
(≥ R$ 200m)
Smaller Market
(<R$ 200m) Non-disclosed value Total
2017 - N.º of deals 46 50 251 539 886
2016 - N.º of deals 50 37 266 537 890
2015 - N.º of deals 52 47 259 566 924
2014 - N.º of deals 48 45 265 457 815
Number of Deals
Total Value (R$m)
Venture Capital* This graph does not include the PE / VC transactions in the total number of M & A.
Nº d
e tr
ansa
ções
Valo
r tot
al E
URm
)
2017
100.544,18
13.896,27
2.776,89
132.807,17
13.382,84
1.993,65
126.886,00
21.263,85
1.267,56
135.838,77
17.768,99
1.082,28
2016
2015
2014
2017
615
89
183
627
94
169
680
95149
579
100
136
2016
2015
2014
Nº d
e tr
ansa
ções
Valo
r tot
al E
URm
)
2017
100.544,18
13.896,27
2.776,89
132.807,17
13.382,84
1.993,65
126.886,00
21.263,85
1.267,56
135.838,77
17.768,99
1.082,28
2016
2015
2014
2017
615
89
183
627
94
169
680
95149
579
100
136
2016
2015
2014
16 TTR - Transactional Track Record (www.TTRecord.com)
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Target Subsector Buyer Seller Value
(R$m)
1 CPFL EnergiaElectric Energy; Wind Energy; Biomass
State Grid Brazil Power Participações
Bradespar, Eletropar, Private Shareholders
11.309,91
2 ItaúsaFinancial and Insurance
Fundação Zerrenner Petros 4.520,00
3 Elektro Holding Electric Energy Neoenergia - 4.260,00
4 Eldorado BrasilGlass, Ceramic, Paper, Plastics, Wood and Timber
CA Investment Brasil fIP florestal 2.686,90
5 Lave BrasHealthcare, Hygiene, Medical Aesthetics and Cosmetics
Atmosfera LavanderiaPrivate Shareholders, DNA Capital
1.230,00
6Companhia Agricola do Parecis - CIAPAR
Agriculture, Agribusiness, Farming and Fishing
Agropecuária Maggi Private Shareholders 1.100,00
7Rio Minas Energia Participações
Electric Energy CemigBB Investimentos, BV Financeira, Banco Santander Brasil
1.015,94
8Omega Energia e Implantação 2
Electric Energy Omega GeraçãoOmega Desenvolvimento III fIP, fIP Lambda3
944,85
9 GerdauSteel, Metallurgy and Industrial Production
Metalúrgica Gerdau Private Shareholders 920,70
10 NTS Nova Transportadora do Sudeste
Transport, Aviation and Logistics
ItaúsafIP Nova Infraestrutura
912,66
Largest transactions involving a Brazil-based party (excluding Private Equity, Venture Capital and Cross Border deals)
Legal Advisors
1 9 Cescon, Barrieu Flesch & Barreto Advogados
1 Veirano Advogados
1 Sullivan & Cromwell US
2 3Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados
2 Barbosa, Müssnich, Aragão
3 10 Pinheiro Neto Advogados
3 Baggio e Costa Filho Sociedade de Advogados
3 Garrigues Spain
3 Machado, Meyer, Sendacz e Opice Advogados
3 4 Lefosse Advogados
4 5 8 Stocche Forbes Advogados
4 Derraik & Menezes Advogados
4 Vieira Rezende Advogados
5 TozziniFreire Advogados
9 Otavio Yazbek Advogados
10 Lobo de Rizzo Advogados
Financial Advisors
1 3 Bank of America Merrill Lynch
1 3 Santander Global Banking & Markets Brasil
2 10 Banco Itaú BBA
3 BB Investimentos
5 Euro Latina Finance
7 Banco BTG Pactual
8 Banco ABC Brasil
9 Banco Bradesco BBI
17TTR - Transactional Track Record (www.TTRecord.com)
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Target Subsector Buyer Seller Value
(R$m)
1 Cristal PigmentosChemical and Chemical Materials
Tronox Private Shareholders 5.172,01
2 Vigor Alimentos food Industry Lala Derivados LácteosJBS, FB Participações, Arla foods
5.025,00
3 Thyssenkrupp CSA
Steel, Metallurgy and Industrial Production
Techint Holdings ThyssenKrupp 3.561,41
4WPR São Luís Gestão de Portos e Terminais
Transport, Aviation and Logistics; Ports
CCCC South America Regional Company
WPR Participações, Private Shareholders
1.729,00
5 Symetis Technology Boston ScientificLabcor Laboratórios, Private Shareholders
1.348,44
Largest inbound Cross-border acquisitions with Brazil-based targets
Legal Advisors
1 TozziniFreire Advogados
2 3 4Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados
2 Cravath, Swaine & Moore
2 Creel, García-Cuéllar, Aiza y Enríquez
2 Lefosse Advogados
2 Pinheiro Guimarães
2 Rico, Robles, Libenson y Bernal
3 5 Allen & Overy Germany
3 Allen & Overy Netherlands
3 Barbosa, Müssnich, Aragão
3 Elvinger, Hoss & Prussen
3 Gedik & Eraksoy
3 Linklaters Deutschland
3 Lobo de Rizzo Advogados
3 Mitrani, Caballero & Ruiz Moreno Abogados
3 Ritch, Mueller, Heather y Nicolau
3 Sullivan & Cromwell US
4 Stocche Forbes Advogados
5 KLA - Koury Lopes Advogados
5 Latham & Watkins US
5 Leoni Siqueira Advogados
5 Vischer Switzerland
Financial Advisors
2 3 Banco BTG Pactual
2 Banco Bradesco BBI
2 Banco Santander Brasil
3 Citibank Brazil
3 Goldman Sachs
5 RGS Partners
18 TTR - Transactional Track Record (www.TTRecord.com)
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Target Subsector Buyer Seller Value
(R$m)
1 The Body ShopPharmaceutical, Parapharmaceutical and Cosmetics; Healthcare, Hygiene, Medical Aesthetics and Cosmetics
Natura L'Oréal 3.709,80
2 Tenedora CND food Industry Ambev Grupo León Jimenes 2.975,02
3 Banvit food Industry TBQ foods Private Shareholders 1.086,97
4 Odata Colombia Real Estate; Technology Odata - 321,05
5 CG Power USASteel, Metallurgy and Industrial Production; Electric Energy
WEGCG Power Systems Belgium
123,03
Largest outbound Cross-border acquisitions by Brazil-based buyers
Legal Advisors
1 Baker McKenzie UK
1 Davis Polk US
1 Linklaters France
1 Linklaters Hong Kong
1 Linklaters UK
1 Pinheiro Neto Advogados
1 Trench, Rossi e Watanabe Advogados
2 Debevoise & Plimpton
2 Medina Garrigó Abogados
2 Sidley Austin US
2 Squire Patton Boggs Peña Prieto, Gamundi
3 White & Case Belgium
3 White & Case Istanbul
3 White & Case Qatar
3 White & Case UK
3 White & Case Warsaw
4 Garrigues Colombia
5 Jones Day US
19TTR - Transactional Track Record (www.TTRecord.com)
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TOTAL VALUE (R$m)
No. Of DEALSLEGENDAcquisitions by foreign buyers in Brazil
Mid Market (≥ R$ 200m)
Smaller Market (<R$ 200m)
Big Ticket (≥ R$ 500m)
LEGEND
Aggregate value and volume of deals by market segment
Big Ticket (≥ R$ 500m)
Mid Market (≥ R$ 200m)
Smaller Market (<R$ 200m)
2016 - Total Value
2015 - Total Value
2014 - Total Value
2017 - Total Value
LEGEND
Big Ticket
(≥ R$ 500m)
Mid market
(≥ R$ 200m)
Smaller Market
(<R$ 200m) Non-disclosed value Total
2017 - N.º of deals 11 11 49 101 172
2016 - N.º of deals 10 12 61 112 195
2015 - N.º of deals 27 13 74 147 261
2014 - N.º of deals 12 16 66 140 234
Year
Total No.
of deals
Total value
(R$m)
2017 172 33.755,23
2016 195 42.608,71
2015 261 70.926,63
2014 234 29.349,22
Number of Deals
0k
5k
10k
15k
20k
25k
30k
35k
40k
4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q
2014 2015 2016 2017
5955
59
66
61 6056
79
43
5247
53
4542
49
36
2014201520162017
17%
13%
70%
11%
24%
65%
14%12%
74%
15%
15%
70%
27
.43
6,0
5
36
.44
5,5
6
63
.02
0,7
3
21
.16
3,7
9
3.6
99
,77
3.5
64
,02
4.2
08
,44
4.9
36
,73
2.6
19
,41
2.5
99
,13
3.6
97
,46
3.2
48
,70
2014201520162017
17%
13%
70%
11%
24%
65%
14%12%
74%
15%
15%
70%
27
.43
6,0
5
36
.44
5,5
6
63
.02
0,7
3
21
.16
3,7
9
3.6
99
,77
3.5
64
,02
4.2
08
,44
4.9
36
,73
2.6
19
,41
2.5
99
,13
3.6
97
,46
3.2
48
,70
20 TTR - Transactional Track Record (www.TTRecord.com)
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Countries with greatest number of acquirers of Brazil-based targets
TOTAL VALUE (R$m)
Argentina
Italia
China
france
Netherlands
Luxembourg
Switzerland
United Kingdom
United States
GermanyX Axis - AVERAGE VALUE (R$m)
Y Axis - No. Of TRANSACTIONS
LEGEND
0,00 100,00 200,00 300,00 400,00 500,00 600,00 700,00 800,00
10
20
30
40
50
60
70
80
CH
LU
LU
US
CNIT
DE
NL
GB
AR
FR
DE
138,58
479,57
113,65
78,11
0,00
818,57
10.635,41
1.192,53
1.502,00
5.497,90
21TTR - Transactional Track Record (www.TTRecord.com)
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Subsectors US FR GB LU NL AR IT DE CHOther
Countries
Technology 12 2 2 - - 1 - - - 11
Internet 12 - - - - 2 - 1 - 4
Distribution and Retail 9 - 1 - - 3 2 - - 3
Consultancy, Audit and Engineering
7 4 2 1 1 - 1 - - 5
Education 5 - - - - - - - - 3
Financial and Insurance 4 1 3 - - - - 1 1 6
Steel, Metallurgy and Industrial Production
3 - - 3 1 - 1 - 1 7
Food Industry 3 2 1 - 2 - 1 1 - 3
Electric Energy 2 1 3 1 1 - 1 - - -
Transport, Aviation and Logistics 1 2 - 2 2 - - 1 1 2
Subsectors most targeted by foreign buyers in Brazil
22 TTR - Transactional Track Record (www.TTRecord.com)
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Countries with greatest number of companies selling equity in Brazil-based companies
Subsectors in which foreign owners sold equity in Brazil-based companies most
No. of companies selling Total Value (R$m)
United States 14 3.303,20
Canada 7 1.939,25
Denmark 4 5.100,00
Netherlands 4 3.866,19
Spain 4 3.054,27
United Kingdom 4 1.156,85
Cayman Islands 4 ND
Germany 3 3.561,41
China 3 209,76
Real Estate
Glass, Ceramic, Paper, Plastics, Wood and Timber
Technology
Oil and Gas
Solar Energy
Healthcare, Hygiene, Medical Aesthetics and Cosmetics
Automotive and Recreational Vehicles
Electric Energy
Steel, Metallurgy and Industrial Production
Internet
financial and Insurance
Distribution and Retail
3
3
3
3
3
5
5
6
4
4
8
8
Energy and Renewable Energies
Real Estate and Construction
Services and Distribution
Technology and Telecoms
Industry
No. Of DEALS by SUBSECTORLEGEND
23TTR - Transactional Track Record (www.TTRecord.com)
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TOTAL VALUE (R$m)
No. Of DEALSLEGEND
Year
Total No.
of deals
Total value
(R$m)
2017 37 9.662,21
2016 24 1.259,39
2015 24 5.631,35
2014 29 14.311,17
Aquisitions by Brazil-based buyers abroad
DIVESTITURESLEGEND
Acquisitions vs. Divestitures of Foreign companies in Brazil
TOTAL VALUE (R$m)
ACQUISITIONS18.848,81
33.755,23
2014 2015 2016 2017
4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q0k
2k
4k
6k
8k
10k9
4
8 8
10
8
3 3
5
8
56
10
7
14
6
24 TTR - Transactional Track Record (www.TTRecord.com)
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Countries in which Brazil-based buyers made the most acquisitions
No. of acquisitions Total Value (R$m)
United States 12 542,30
Spain 5 458,58
Argentina 5 396,55
Colombia 3 350,61
United Kingdom 1 3.709,80
Dominican Republic 1 2.975,02
Turkey 1 1.086,97
Uruguay 1 91,32
Chile 1 55,60
Peru 1 47,73
Australia 1 20,15
Finland 1 18,90
Portugal 1 Non-disclosed
Cayman Islands 1 Non-disclosed
Thailand 1 Non-disclosed
Germany 1 Non-disclosed
25TTR - Transactional Track Record (www.TTRecord.com)
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Subsectors in which Brazil-based buyers made most acquisitions abroad
Marketing and Advertising
Electric Energy
fashion and Textile
Transport, Aviation and Logistics
Healthcare, Hygiene, Medical Aesthetics and Cosmetics
Sports and Leisure
Real Estate
Cars, Motorcycles and Other Vehicles
Telecoms
food Industry
Electronics
Steel, Metallurgy and Industrial Production
Agriculture, Agribusiness, farming and fishing
Automotive and Recreational Vehicles
Tourism, Hotels and Restaurants
Pharmaceutical, Parapharmaceutical and Cosmetics
Distribution and Retail
Internet
financial and Insurance
Technology 11
9
3
1
1
1
1
1
1
1
1
1
2
2
2
2
2
2
2
7
Energy and Renewable Energies
Real Estate and Construction
Services and Distribution
Technology and Telecoms
Industry
No. Of DEALS by SUBSECTORLEGEND
26 TTR - Transactional Track Record (www.TTRecord.com)
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Most active companies in 2017
Companies acquiring
Brazil-based companies with most acquisitions
Company No. of Acquisitions
Bossa Nova Investimentos 5
Monashees Capital 2
Innova fIP 2
B3 – Brasil, Bolsa, Balcão 2
Banco Itaú Unibanco 2
Go4it 2
Brazil-based buyers that spent most on acquisitions
Company Total value (R$m)
Natura 3.709,80
Ambev 2.975,02
TBQ foods 1.086,97
Innova fIP 445,23
Banco Bradesco 349,08
27TTR - Transactional Track Record (www.TTRecord.com)
ME
RG
ER
S &
AC
QU
ISIT
ION
S B
RA
ZIL
Companies selling
Brazil-based companies with most divestitures
Company No. of Acquisitions
BR Malls 6
Telinvest 3
Banco Santander Brasil 3
Cyrela Commercial Properties 3
Brazil-based companies that made the largest divestitures
Company Total value (R$m)
Petros 5.087,68
JBS 5.025,00
FB Participações 5.025,00
J & F Investimentos 4.486,00
fIP florestal 2.686,90
3Private Equity
30 TTR - Transactional Track Record (www.TTRecord.com)
PR
IVA
TE
EQ
UIT
Y
BR
AZ
IL
TOTAL VALUE (R$m)
No. Of DEALSLEGEND
Year
Total No.
of deals
Total Value
(R$m)
2017 89 13.896,27
2016 94 13.382,84
2015 95 21.263,85
2014 100 17.768,99
Total Value (R$m)
Number of Deals
LEGEND
Investments
Exits
LEGEND
Investments
Exits
Secondary Buyout
2014 2015 2016 2017
Evol
ução
trim
estr
al d
esde
201
3
4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q0
2k
4k
6k
8k
10k
22
19
29 3028
34
19
8
30
19
23 22
1820
33
18
2017 Overview Quarterly deal flow
Private Equity -Investments vs Exits*
* Transactions can be accounted for as investments and exits at the sametime, due to in some cases it may be a secondary buyout transaction.
2014201520162017
Priv
ate
Equi
ty -I
nves
timen
tos
vs E
xits
*
VALO
R TO
TAL
(R$m
)se
m S
ecun
dary
Buy
out
Nº D
E N
EGÓ
CIO
S
78
11
0
77
17
3
75
20
3
83
17
5
2014201520162017
4.101,56
9.794,71
6.737,13
11.031,86
9.570,31
11.693,54
6.247,42
7.135,42
2014201520162017
Priv
ate
Equi
ty -I
nves
timen
tos
vs E
xits
*
VALO
R TO
TAL
(R$m
)se
m S
ecun
dary
Buy
out
Nº D
E N
EGÓ
CIO
S
78
11
0
77
17
3
75
20
3
83
17
5
2014201520162017
4.101,56
9.794,71
6.737,13
11.031,86
9.570,31
11.693,54
6.247,42
7.135,42
31TTR - Transactional Track Record (www.TTRecord.com)
PR
IVA
TE
EQ
UIT
Y
BR
AZ
IL
Largest Private Equity transactions in Brazil(excluding Cross-border)
Target Subsector Buyer Seller Value (R$m)
1 Alpargatas Fashion and TextileItaúsa, Cambuhy Investimentos, Brasil Warrant
J&F Investimentos 3.480,00
2 Complexo Eólico Ventos do Araripe III
Electric Energy; Wind Energy VTRM Energia Casa dos Ventos 1.800,00
3 quantiQ
Distribution and Retail; Chemical and Chemical Materials; Consultancy, Audit and Engineering
GTM do Brasil Braskem 550,00
4 REC PDC Holding Participações Real Estate Fosun Investimentos HSI V FIP 421,50
5 Alpargatas Fashion and TextileItaúsa, Cambuhy Investimentos, Brasil Warrant
Private Shareholders 392,00
6 Odebrecht Ambiental - Ativos Maduros
Waste Management, Pollution and Recycling FIP BR Ambiental Faria Lima 1355 FIP 365,88
7 Shopping Granja Vianna Real Estate
HSI V FIP, Rec 2017 Empreendimentos e Participações II
Spe Xangai Participações, Private Shareholders, BR Malls
223,64
8 Shopping Paralela Distribution and Retail
HSI- Hemisferio Sul Investimentos, Rec 2017 Empreendimentos e Participações i
BR Malls 205,26
9 ULiving Real Estate VBI Real Estate - 150,00
10 Hospital São Bernardo
Healthcare, Hygiene, Medical Aesthetics and Cosmetics
NotreDame Intermédica Private Shareholders 106,25
Financial Advisors
1 2 3 10 Banco Bradesco BBI
1 3 5 7 8 10 Banco Itaú BBA
Legal Advisors
1 Bichara Advogados
1 5 Vieira Rezende Advogados
1 Chaves Alves e Salomi Advogados
1 Lino, Beraldi, Belluzzo e Caminati Advogados
2 6 TozziniFreire Advogados
2 Stikeman Elliott
2 4 7 Stocche Forbes Advogados
2 3Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados
2 Trench, Rossi e Watanabe Advogados
3 Lobo de Rizzo Advogados
4 Pinheiro Neto Advogados
5 Debevoise & Plimpton
7 8 FreitasLeite Advogados
32 TTR - Transactional Track Record (www.TTRecord.com)
PR
IVA
TE
EQ
UIT
Y
BR
AZ
IL
Most active subsectors for Private Equity
Total No. of dealsNUMBER DEALS
TOTAL VALUE
Subsetores com maior número e valor de transações envolvendo Venture Capital
Chemical and Chemical Materials
food and Beverage
Steel, Metallurgy and Industrial Production
Internet
Transport, Aviation and Logistics
Wind Energy
Education
Consultancy, Audit and Engineering
Agriculture, Agribusiness,farming and fishing
food Industry
financial and Insurance
Electric Energy
Real Estate
Healthcare, Hygiene, Medical Aesthetics and Cosmetics
Distribution and Retail
Telecoms
Healthcare, Hygiene, Medical Aesthetics and Cosmetics
financial and Insurance
Waste Management, Pollution and Recycling
Technology
Chemical and Chemical Materials
Consultancy, Audit and Engineering
Distribution and Retail
Education
Real Estate
Wind Energy
Electric Energy
Transport, Aviation and Logistics
fashion and Textile
4
235,83
288,63
365,88
305,63
491,76
566,00
868,56
1.015,00
1.963,02
1.193,82
2.941,99
2.083,02
3.872,00
580,00
4
4
5
5
6
6
8
7
11
13
9
5
5
5
NUMBER DEALS
TOTAL VALUE
Subsetores com maior número e valor de transações envolvendo Venture Capital
Chemical and Chemical Materials
food and Beverage
Steel, Metallurgy and Industrial Production
Internet
Transport, Aviation and Logistics
Wind Energy
Education
Consultancy, Audit and Engineering
Agriculture, Agribusiness,farming and fishing
food Industry
financial and Insurance
Electric Energy
Real Estate
Healthcare, Hygiene, Medical Aesthetics and Cosmetics
Distribution and Retail
Telecoms
Healthcare, Hygiene, Medical Aesthetics and Cosmetics
financial and Insurance
Waste Management, Pollution and Recycling
Technology
Chemical and Chemical Materials
Consultancy, Audit and Engineering
Distribution and Retail
Education
Real Estate
Wind Energy
Electric Energy
Transport, Aviation and Logistics
fashion and Textile
4
235,83
288,63
365,88
305,63
491,76
566,00
868,56
1.015,00
1.963,02
1.193,82
2.941,99
2.083,02
3.872,00
580,00
4
4
5
5
6
6
8
7
11
13
9
5
5
5
Total Value (R$m)
Sectors
Energy and Renewable
Energies
Infraestructuras
Inmobiliario y Construcción
RR Naturales
SS y Distribución
Tecnología y Telecomunicaciones
Energía y renovables
IndustriaIndustry Infraestructuras
Inmobiliario y Construcción
RR Naturales
SS y Distribución
Tecnología y Telecomunicaciones
Energía y renovables
Industria
Infrastructure
Infraestructuras
Inmobiliario y Construcción
RR Naturales
SS y Distribución
Tecnología y Telecomunicaciones
Energía y renovables
Industria
Real State and Construction
Infraestructuras
Inmobiliario y Construcción
RR Naturales
SS y Distribución
Tecnología y Telecomunicaciones
Energía y renovables
Industria
Natural Resources
Infraestructuras
Inmobiliario y Construcción
RR Naturales
SS y Distribución
Tecnología y Telecomunicaciones
Energía y renovables
Industria
Services and Distribution
Infraestructuras
Inmobiliario y Construcción
RR Naturales
SS y Distribución
Tecnología y Telecomunicaciones
Energía y renovables
Industria
Technology and Telecoms
Infraestructuras
Inmobiliario y Construcción
RR Naturales
SS y Distribución
Tecnología y Telecomunicaciones
Energía y renovables
Industria
Military - State Defense
33TTR - Transactional Track Record (www.TTRecord.com)
PR
IVA
TE
EQ
UIT
Y
BR
AZ
IL
Largest investments by foreign Private Equity funds in Brazil
Target Subsector Buyer Seller Value (R$m)
1 Ascenty Technology Blackstone - 491,76
2 Guide Investimentos Financial and Insurance fosun Property Banco Indusval 290,00
3 Aloo Telecom Telecoms Cartesian Capital Group - 235,83
4SPE Assurua Geradora de Energia Solar
Electric Energy; Solar Energy Castlelake Quebec Engenharia 115,00
5 Burger King do Brasil Food and Beverage Belfer Investment Partners Vinci Partners 100,00
6 SAS Sistema de Ensino
Education; Media, Multimedia and Editorial
General Atlantic - 90,00
7 Ourolac food Industry Siguler Guff & Company, 2bCapital - 90,00
8 General Water Water and Sanitation LGT Impact Private Shareholders 70,00
9
Swell Importação e Comércio de Produtos de Iluminação
Distribution and RetailPangea Two Acquisition Holdings XX, Pangea Two Acquisition Holdings XXI
Private Shareholders, Palmira, KMR Investment Partners, Stelac SPV XXI
42,00
Financial Advisors
1 Banco Itaú BBA
3 Banco ABC Brasil
5 Vinci Partners
7 Banco Bradesco BBI
7 IGC Partners
Legal Advisors
1 Akin Gump Strauss Hauer & Feld
1 Choate Hall & Stewart
1Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados
2 5 9 Pinheiro Neto Advogados
2 Costa e Tavares Paes Advogados
2 Paul Hastings US
3 TozziniFreire Advogados
3 Veirano Advogados
4 Fialho Salles Advogados
4 Stocche Forbes Advogados
5 Lobo de Rizzo Advogados
5 7 Lefosse Advogados
7 Demarest Advogados
7 Zancan Advogados
8 Campos Mello Advogados
8 Cescon, Barrieu Flesch & Barreto Advogados
8 Brandão Teixeira, Reis, Vieira Pinto Sociedade de Advogados
9 Madrona Advogados
34 TTR - Transactional Track Record (www.TTRecord.com)
PR
IVA
TE
EQ
UIT
Y
BR
AZ
IL
Foreign Private Equity acquisitions in Brazil Countries with most Private Equity investments in Brazil
1.185,59US
290,00CN
70,00CH
15,58FR
4.960,79US
1.248,10US
46,68CN
6.942,58US
2017 2016
20142015
Exits by foreign Private Equity funds in SpainTotal Value (R$m)
United States
China
Singapore
Spain
Canada
Chile
Netherlands
Belgium
Switzerland
LEGEND
Number of Investments
2017 2016 2015 2014
United States
17
14
16
19
China 1 2 - -
Singapore 1 1 1 2
Spain 1 1 - 1
Canada 1 - 1 2
Chile 1 1
Netherlands 1 - - -
Belgium 1 - - -
Switzerland 1 - - -
35TTR - Transactional Track Record (www.TTRecord.com)
PR
IVA
TE
EQ
UIT
Y
BR
AZ
IL
Exits by foreign Private Equity funds in Brazil Countries with most Private Equity funds making exits in Brazil
Number of Investments
2017
Spain 2
United Kingdom 1
United States 1
Netherlands 1
2.891,25US
2.891,25NL
2.891,25ES2017
Total Value (R$m)
Spain United Kingdom LEGEND United States Netherlands
36 TTR - Transactional Track Record (www.TTRecord.com)
PR
IVA
TE
EQ
UIT
Y
BR
AZ
IL
Subsectors most targeted by foreign Private Equity funds in Brazil
Infraestructuras
Inmobiliario y Construcción
RR Naturales
SS y Distribución
Tecnología y Telecomunicaciones
Energía y renovables
Industria
2017 2016 2015 2014
Distribution and Retail
3 2 4 1
Consultancy, Audit and Engineering
2 1 - 1
Infraestructuras
Inmobiliario y Construcción
RR Naturales
SS y Distribución
Tecnología y Telecomunicaciones
Energía y renovables
Industria
2017 2016 2015 2014
Technology 2 1 2 4
Infraestructuras
Inmobiliario y Construcción
RR Naturales
SS y Distribución
Tecnología y Telecomunicaciones
Energía y renovables
Industria2017 2016 2015 2014
Food Industry 2 - 1 -
Infraestructuras
Inmobiliario y Construcción
RR Naturales
SS y Distribución
Tecnología y Telecomunicaciones
Energía y renovables
Industria
2017 2016 2015 2014
Electric Energy 2 - 1 -
37TTR - Transactional Track Record (www.TTRecord.com)
PR
IVA
TE
EQ
UIT
Y
BR
AZ
IL
Private Equity - Brazilian vs. Foreign Investments
TOTAL
NUMBER Of
INVESTMENTS*
76
TOTAL VALUE (R$m)
53
26
1.561,17
8.323,54
Private Equity - Investimento brasileiro vs Investimento estrangeiro
BRAZILIANSLEGEND
fOREIGNERS
* Transactions can be accounted concomitantly for Brazilian and foreigners if they act as investors in the same deal.
4Venture Capital
40 TTR - Transactional Track Record (www.TTRecord.com)
VE
NT
UR
E C
AP
ITA
L B
RA
ZIL
TOTAL VALUE (R$m)
TOTAL No. Of DEALSLEGEND
Year Total No. of dealsTotal value
(R$m)
2017 183 2.776,89
2016 169 1.993,65
2015 149 1.267,56
2014 136 1.082,28
2014 2015 2016 2017
Evol
ução
trim
estr
al d
esde
201
4
4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q0,00
0,1k
0,2k
0,3k
0,4k
0,5k
0,6k
0,7k
0,8k
34 33
38
31
58
34
28
12
35
53
42 42
46
20
33
25
46
2017 Overview Quarterly deal flow
41TTR - Transactional Track Record (www.TTRecord.com)
VE
NT
UR
E C
AP
ITA
L B
RA
ZIL
Largest Venture Capital transactions in Brazil(excluding Cross-border)
Target Subsector Buyer Seller Value (R$m)
1 Acesso Financial and Insurance Invest Tech - 21,00
2 Muxi Technology; Construction (Materials and Machinery); Education Confrapar - 16,00
3 Chipus Technology; Electronics FIP Criatec II - 6,50
4 Solis Steel, Metallurgy and Industrial Production; Distribution and Retail fIP INSEED fIMA - 6,00
5 PP Promotora de Vendas Financial and Insurance; Internet Astella Investimentos, Private
Shareholders, SP Ventures - 6,00
6 Vindi Technology FIP Criatec II - 5,80
Financial Advisors
1 Banco BTG Pactual
Legal Advisors
1 Madrona Advogados
1 Perlman, Vidigal e Godoy Advogados
5 Derraik & Menezes Advogados
42 TTR - Transactional Track Record (www.TTRecord.com)
VE
NT
UR
E C
AP
ITA
L B
RA
ZIL
Total No. of deals
Tourism, Hotels and Restaurants
food and Beverage
Media, Multimedia and Editorial
Transport, Aviation and Logistics
Cars, Motorcycles and Other Vehicles
Agriculture, Agribusiness, farming and fishing
Electronics
Education
Marketing and Advertising
Healthcare, Hygiene, Medical Aesthetics and Cosmetics
Consultancy, Audit and Engineering
Distribution and Retail
financial and Insurance
Internet
Technology
NUMBER DEALS
TOTAL VALUE
Subsetores com maior número e valor de transações envolvendo Venture Capital
Marketing and Advertising
food and Beverage
Steel, Metallurgy and Industrial Production
Construction (Materials and Machinery)
Education
Consultancy, Audit and Engineering
Healthcare, Hygiene, Medical Aesthetics and Cosmetics
Electronics
Distribution and Retail
Transport, Aviation and Logistics
Real Estate
Internet
financial and Insurance
Technology
5,53
3,50
6,30
16,00
24,10
26,40
31,35
52,71
201,65
321,05
307,37
891,35
1.132,19
1.424,50
Infraestructuras
Inmobiliario y Construcción
RR Naturales
Energía y renovables
Industria
21
11
10
10
5
4
4
4
4
3
3
23
24
45
98
Tourism, Hotels and Restaurants
food and Beverage
Media, Multimedia and Editorial
Transport, Aviation and Logistics
Cars, Motorcycles and Other Vehicles
Agriculture, Agribusiness, farming and fishing
Electronics
Education
Marketing and Advertising
Healthcare, Hygiene, Medical Aesthetics and Cosmetics
Consultancy, Audit and Engineering
Distribution and Retail
financial and Insurance
Internet
Technology
NUMBER DEALS
TOTAL VALUE
Subsetores com maior número e valor de transações envolvendo Venture Capital
Marketing and Advertising
food and Beverage
Steel, Metallurgy and Industrial Production
Construction (Materials and Machinery)
Education
Consultancy, Audit and Engineering
Healthcare, Hygiene, Medical Aesthetics and Cosmetics
Electronics
Distribution and Retail
Transport, Aviation and Logistics
Real Estate
Internet
financial and Insurance
Technology
5,53
3,50
6,30
16,00
24,10
26,40
31,35
52,71
201,65
321,05
307,37
891,35
1.132,19
1.424,50
Infraestructuras
Inmobiliario y Construcción
RR Naturales
Energía y renovables
Industria
21
11
10
10
5
4
4
4
4
3
3
23
24
45
98
Total value (R$m)
Most active subsectors for Venture Capital
Sectors
Energy and Renewable
Energies
Infraestructuras
Inmobiliario y Construcción
RR Naturales
SS y Distribución
Tecnología y Telecomunicaciones
Energía y renovables
IndustriaIndustry Infraestructuras
Inmobiliario y Construcción
RR Naturales
SS y Distribución
Tecnología y Telecomunicaciones
Energía y renovables
Industria
Infrastructure
Infraestructuras
Inmobiliario y Construcción
RR Naturales
SS y Distribución
Tecnología y Telecomunicaciones
Energía y renovables
Industria
Real State and Construction
Infraestructuras
Inmobiliario y Construcción
RR Naturales
SS y Distribución
Tecnología y Telecomunicaciones
Energía y renovables
Industria
Natural Resources
Infraestructuras
Inmobiliario y Construcción
RR Naturales
SS y Distribución
Tecnología y Telecomunicaciones
Energía y renovables
Industria
Services and Distribution
Infraestructuras
Inmobiliario y Construcción
RR Naturales
SS y Distribución
Tecnología y Telecomunicaciones
Energía y renovables
Industria
Technology and Telecoms
Infraestructuras
Inmobiliario y Construcción
RR Naturales
SS y Distribución
Tecnología y Telecomunicaciones
Energía y renovables
Industria
Military - State Defense
43TTR - Transactional Track Record (www.TTRecord.com)
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NT
UR
E C
AP
ITA
L B
RA
ZIL
Target Subsector Buyer Seller Value (R$m)
1 99Taxis InternetDidi Chuxing, Riverwood Capital, Tiger Global Management, Monashees Capital, Qualcomm Ventures
- 322,28
2 Movile, Movile Mobile Commerce Holdings
Technology;Financial and Insurance Naspers, Innova fIP - 270,65
3 Movile, Movile Mobile Commerce Holdings
Technology;Financial and Insurance Naspers, Innova fIP - 174,58
4 Creditas Financial and Insurance;Internet
Vostok Emerging Finance, Private Shareholders - 165,00
5 Neoway Tecnologia TechnologyQMS Capital, Accel Partners, Monashees Capital, Endeavor Catalyst, Point Break Capital Management, Inversiones Pollux
- 141,54
6 GuiaBolso InternetVostok Emerging Finance, Endeavor Catalyst, Ribbit Capital, Omidyar Network, International Finance Corporation (IFC)
- 125,00
7 CargoX Transport, Aviation and Logistics
Goldman Sachs, Soros Fund Management, Qualcomm Ventures, Agility Logistics, Valor Capital Group, Private Shareholders
- 66,00
8 Creditas Financial and Insurance;Internet International Finance Corporation (IFC) - 60,00
9 Trocafone Distribution and Retail;Internet
Castor Ventures, FJ Labs, Rocketship.vc, Mercado Libre's Fund, Lumia Capital, Private Shareholders
- 49,11
10 InstaCarro Distribution and Retail;Internet Rise Capital, FJ Labs, Lumia Capital - 40,00
Legal Advisors
1 Machado, Meyer, Sendacz e Opice Advogados
1 Simpson Thacher & Bartlett US
1 Simpson Thacher & Bartlett Brasil
2 Lobo de Rizzo Advogados
2 3 Gómez-Acebo & Pombo Spain
2 Movile
4 Orrick, Herrington & Sutcliffe
5 DCA Dias Carneiro Advogados
Largest transactions by foreign Venture Capital funds in Brazil
44 TTR - Transactional Track Record (www.TTRecord.com)
VE
NT
UR
E C
AP
ITA
L B
RA
ZIL
Countries with greatest number of Venture Capital funds investing in Brazil
Number of deals
2017 2016 2015 2014
United States
23
28
30
19
Argentina 3 9 12
10
Bermuda 3 - - -
South Africa 2 1 1 -
Chile 2 - - -
Mexico 2 - - 1
Switzerland 1 3 - 1
United Kingdom 1 3 2 2
Germany 1 1 4 6
China 1 - - 1
Uruguay 1 - - -
925,95US
78,11AR
310,00BM
445,23ZA
141,54CL
62,60MX
66,00CH
16,62UK
322,28CN
636,37US
156,45AR
125,00ZA
101,00UK
39,30DE
94,81CN
1.316,73US
434,13AR
134,32ZA
151,41CH
770,59UK
165,00DE
544,17US
470,39AR
4,51MX
30,00CH
31,00UK
114,34DE
2017 2016
20142015
Exits by foreign Private Equity funds in Spain
United States
Argentina
Bermuda
South Africa
Chile
Mexico
Switzerland
United Kingdom
Germany
LEGEND China
Uruguay
Total value (R$m)
45TTR - Transactional Track Record (www.TTRecord.com)
VE
NT
UR
E C
AP
ITA
L B
RA
ZIL
Subsectors most targeted by foreign Venture Capital funds in Brazil
Infraestructuras
Inmobiliario y Construcción
RR Naturales
SS y Distribución
Tecnología y Telecomunicaciones
Energía y renovables
Industria
2017 2016 2015 2014
Financial and Insurance
10
5 2 2
Distribution and Retail
9
8
6 11
Consultancy, Audit and Engineering
7 9
6 -
Education 4 2 9
1
Healthcare, Hygiene, Medical Aesthetics and Cosmetics
3 4 1 2
Infraestructuras
Inmobiliario y Construcción
RR Naturales
SS y Distribución
Tecnología y Telecomunicaciones
Energía y renovables
Industria
2017 2016 2015 2014
Technology 24
25
22
9
Internet 18
32
53
41
46 TTR - Transactional Track Record (www.TTRecord.com)
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NT
UR
E C
AP
ITA
L B
RA
ZIL
Venture Capital - Brazil-based vs. Foreign Investments
TOTAL
NUMBER Of
INVESTMENTS
178
TOTAL VALUE (R$m)
122
56
1.608,57
1.174,83
Venture Capital - PT vs Foreign Investments
BRAZILIANLEGEND
fOREIGN
5Sectors & Subsectors
48 TTR - Transactional Track Record (www.TTRecord.com)
SE
CT
OR
S A
ND
SU
BS
EC
TO
RS
BR
AZ
IL
TTR Main Sectors
· Biofuel
· Biomass
· Electric Energy
· Geothermal Energy
· Hydraulic Energy
· Nuclear Energy
· Oil and Gas
· Solar Energy
· Wind Energy
· Aerospace
· Automotive and Recreational Vehicles
· Chemical and Chemical Materials
· Fashion and Textile
· food Industry
· Glass, Ceramic, Paper, Plastics, Wood and Timber
· Industrial Production, Industrial Machinery, Parts and Metals
· Pharmaceutical, Parapharmaceutical and Cosmetics
· Other Consumer Goods
· Tobacco
· Airports
· Bridges
· Car Parks
· Hospitals
· Prisons
· Railroads
· Roads and Highways
· Ports
· Schools
· Social Housing
· Construction (Materials and Machinary)
· Real Estate
· State Defense
Energy and Renewable Energies
Industry
Infrastructure
Real Estate and Construction
Military - State Defense
49TTR - Transactional Track Record (www.TTRecord.com)
SE
CT
OR
S A
ND
SU
BS
EC
TO
RS
BR
AZ
IL
· Agriculture, Agribusiness, Farming and Fishing
· forestry
· Mining
· Cars, Motorcycles and Other Vehicles
· Consultancy, Audit and Engineering
· Courier
· Distribution and Retail
· Education
· Financial and Insurance
· Food and Beverage
· Funeral Services
· Healthcare, Hygiene, Medical Aesthetics and Cosmetics
· Inspection and Certification
· Luxury Goods and Services
· Marketing and Advertising
· Media, Multimedia and Editorial
· Other Services
· Printing and Binding
· Security and Private Arms, Ammunition and Explosives
· Sports and Leisure
· Tourism, Hotels and Restaurants
· Transports, Aviation and Logistics
· Waste Management, Pollution and Recycling
· Water and Sanitation
· Biotechnology
· Electronics
· Internet
· Technology
· Telecoms
Natural Resources
Services and Distribution
Technology and Telecoms
50 TTR - Transactional Track Record (www.TTRecord.com)
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BS
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BR
AZ
IL
Most active subsectors in 2017
Number of DealsNUMBER DEALS TOTAL VALUE
Ports
Education
Consultancy, Audit and Engineering
Agriculture, Agribusiness, farming and fishing
Construction (Materials and Machinery)
Pharmaceutical, Parapharmaceutical and Cosmetics
fashion and Textile
Technology
Distribution and Retail
Glass, Ceramic, Paper, Plastics, Wood and Timber
Steel, Metallurgy and Industrial Production
Chemical and Chemical Materials
Real Estate
Mining
Healthcare, Hygiene, Medical Aesthetics and Cosmetics
Transport, Aviation and Logistics
financial and Insurance
Biomass Energy
Wind Energy
food Industry
Electric Energy
Tourism, Hotels and Restaurants
Chemical and Chemical Materials
Media, Multimedia and Editorial
Construction (Materials and Machinery)
Agriculture, Agribusiness, farming and fishing
Marketing and Advertising
food Industry
Transport, Aviation and Logistics
Steel, Metallurgy and Industrial Production
Electric Energy
Education
Real Estate
Healthcare, Hygiene, Medical Aesthetics and Cosmetics
Internet
Consultancy, Audit and Engineering
financial and Insurance
Distribution and Retail
Technology
1.803,94
2.029,80
1.729,00
2.515,45
2.639,12
3.890,90
3.839,38
4.007,46
4.334,40
4.576,75
5.947,68
6.107,20
6.606,27
6.479,93
6.388,32
7.619,81
8.160,12
11.309,91
14.715,85
18.112,36
23.532,72
20
22
25
25
30
32
36
39
40
42
43
49
76
78
81
103
105
185
Main sectors
Energy and Renewable
Energies
Industry Infrastructure Real State and Construction
Natural Resources
51TTR - Transactional Track Record (www.TTRecord.com)
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SU
BS
EC
TO
RS
BR
AZ
IL
Total Value (R$m)NUMBER DEALS TOTAL VALUE
Ports
Education
Consultancy, Audit and Engineering
Agriculture, Agribusiness, farming and fishing
Construction (Materials and Machinery)
Pharmaceutical, Parapharmaceutical and Cosmetics
fashion and Textile
Technology
Distribution and Retail
Glass, Ceramic, Paper, Plastics, Wood and Timber
Steel, Metallurgy and Industrial Production
Chemical and Chemical Materials
Real Estate
Mining
Healthcare, Hygiene, Medical Aesthetics and Cosmetics
Transport, Aviation and Logistics
financial and Insurance
Biomass Energy
Wind Energy
food Industry
Electric Energy
Tourism, Hotels and Restaurants
Chemical and Chemical Materials
Media, Multimedia and Editorial
Construction (Materials and Machinery)
Agriculture, Agribusiness, farming and fishing
Marketing and Advertising
food Industry
Transport, Aviation and Logistics
Steel, Metallurgy and Industrial Production
Electric Energy
Education
Real Estate
Healthcare, Hygiene, Medical Aesthetics and Cosmetics
Internet
Consultancy, Audit and Engineering
financial and Insurance
Distribution and Retail
Technology
1.803,94
2.029,80
1.729,00
2.515,45
2.639,12
3.890,90
3.839,38
4.007,46
4.334,40
4.576,75
5.947,68
6.107,20
6.606,27
6.479,93
6.388,32
7.619,81
8.160,12
11.309,91
14.715,85
18.112,36
23.532,72
20
22
25
25
30
32
36
39
40
42
43
49
76
78
81
103
105
185
Services and Distribution
Technology and Telecoms
Military - State Defense
52 TTR - Transactional Track Record (www.TTRecord.com)
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BS
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BR
AZ
IL
Total number of transactions by subsector
Electric Energy 42
Wind Energy 12
Oil and Gas 10
Solar Energy 7
Biofuel 6
Biomass 2
Hydraulic Energy 2
Nuclear Energy -
Geothermal Energy -
Energy and Renewable Energies
53TTR - Transactional Track Record (www.TTRecord.com)
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CT
OR
S A
ND
SU
BS
EC
TO
RS
BR
AZ
IL
Electric Energy
Ele
ctri
cW
ind
Oil/
Gas
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
TOTAL44
42
25
0
10
15
25
20
TOTAL12
12
00
1
2
3
4
5
TOTAL10
10
00
1
2
3
5
6
4
Total number of transactions
Largest transactions
Target Buyer Seller Value (R$m)
1 CPFL EnergiaState Grid Brazil Power Participações
Bradespar, Eletropar, Private Shareholders
11.309,91
2 Elektro Holding Neoenergia - 4.260,00
3 Rio Minas Energia Participações CemigBB Investimentos, BV Financeira, Banco Santander Brasil
1.015,94
Financial Advisors
1 Santander Global Banking & Markets Brasil
1 2 Bank of America Merrill Lynch
2 Merrill Lynch Brasil
2 BB Investimentos
3 Banco BTG Pactual
2 Credit Suisse Group
2 J.P. Morgan
3 Citigroup Global Markets Brazil
Legal Advisors
1 Cescon, Barrieu Flesch & Barreto Advogados
1 Veirano Advogados
1 Sullivan & Cromwell US
2 Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados
2 Baggio e Costa Filho Sociedade de Advogados
2 Garrigues Spain
2 Lefosse Advogados
2 Machado, Meyer, Sendacz e Opice Advogados
2 Pinheiro Neto Advogado
3 Freitas Leite Advogados
Private Equity/Venture Capital Country Number of investments
Actis Brasil Brazil 3
Castlelake United States 2
CPPIB - Canada Pension Plan Investment Board Canada 2
Patria Investimentos Brazil 1
54 TTR - Transactional Track Record (www.TTRecord.com)
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ND
SU
BS
EC
TO
RS
BR
AZ
IL
Wind Energy
Ele
ctri
cW
ind
Oil/
Gas
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
TOTAL44
42
25
0
10
15
25
20
TOTAL12
12
00
1
2
3
4
5
TOTAL10
10
00
1
2
3
5
6
4
Private Equity/Venture Capital Country Number of investments
Actis Brasil Brazil 3
CPPIB - Canada Pension Plan Investment Board Canada 2
Total number of transactions
Largest transactions
Target Buyer Seller Value (R$m)
1 Complexo Eólico Ventos do Araripe IIIVTRM Energia
Casa dos Ventos
1.800,00
2
Centrais Eólicas Seraima, Centrais Eólicas Tanque, Centrais Eólicas Morrão, Centrais Eólicas Dos Araçás, Centrais Eólicas Da Prata, Centrais Eólicas Ventos Do Nordeste, Centrais Eólicas Dourados, Centrais Eólicas Ametista, Centrais Eólicas Pilões, Centrais Eólicas Maron, Centrais Eólicas Borgo, Centrais Eólicas Caetité, Centrais Eólicas Pelourinho, Centrais Eólicas Espigão, Centrais Eólicas Serra Do Espinhaço, Nova Energia Holding
AES TietêRenova Energia
600,00
3 Força Eólica do Brasil 1, Força Eólica do Brasil 2Elektro Renovaveis
Neoenergia 317,00
Financial Advisors
1 3 Banco Bradesco BBI
2 Banco Itaú BBA
2 Banco BTG Pactual
Legal Advisors
1 2 TozziniFreire Advogados
1 Stikeman Elliott
1 Stocche Forbes Advogados
1 2 Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados
1 Trench, Rossi e Watanabe Advogados
3 Machado, Meyer, Sendacz e Opice Advogados
3 Vieira Rezende Advogados, Neoenergia
55TTR - Transactional Track Record (www.TTRecord.com)
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SU
BS
EC
TO
RS
BR
AZ
IL
Oil and Gas
Ele
ctri
cW
ind
Oil/
Gas
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
TOTAL44
42
25
0
10
15
25
20
TOTAL12
12
00
1
2
3
4
5
TOTAL10
10
00
1
2
3
5
6
4
Private Equity/Venture Capital Country Number of investments
9 West (Mubadala) United Arab Emirates 1
Cambuhy Investimentos Brazil 2
Southern Cross Group United States 1
Total number of transactions
Largest transactions
Target Buyer Seller Value (R$m)
1 Comgás Cosan Limited Shell 1.156,85
2 WP Group Comma Oil & Chemicals Private Shareholders 173,58
3 Gran Tierra Energy Brasil Maha Energy Gran Tierra Energy 109,43
Financial Advisors
1 Banco BTG Pactual
Legal Advisors
1 Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados
1 Cescon, Barrieu Flesch & Barreto Advogados
3 Machado, Meyer, Sendacz e Opice Advogados
3 Veirano Advogados
1 Trench, Rossi e Watanabe Advogados
3 Machado, Meyer, Sendacz e Opice Advogados
3 Vieira Rezende Advogados, Neoenergia
56 TTR - Transactional Track Record (www.TTRecord.com)
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Total number of transactions by subsector
Real Estate 49
Construction (Materials and Machinery)
25
Real State and Construction
57TTR - Transactional Track Record (www.TTRecord.com)
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SU
BS
EC
TO
RS
BR
AZ
IL
Real State
Rea
l Sta
teC
on
stru
ctio
n
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
TOTAL50
49
15
0
10
15
25
20
TOTAL25
25
02
0
4
6
8
10
Total number of transactions
Private Equity/Venture Capital Country Number of investments
CPPIB - Canada Pension Plan Investment Board Canada 1
fosun Group China 1
HSI- Hemisferio Sul Investimentos Brazil 1
Patria Investimentos Brazil 3
VBI Real Estate Brazil 1
Ventiur.net Brazil 1
Largest transactions
Target Buyer Seller Value (R$m)
1 LandCo DKBA Participações Private Shareholders 1.206,49
2CCP Logistica Empreendimentos Imobiliarios
Prologis Cyrela Commercial Properties 1.200,00
3 Iguatemi Private Shareholders Petros 567,68
Legal Advisors
1 Demarest Advogados
2Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados
2 Shearman & Sterling
2 TozziniFreire Advogados
Financial Advisors
1 Banco Itaú BBA
58 TTR - Transactional Track Record (www.TTRecord.com)
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SU
BS
EC
TO
RS
BR
AZ
IL
Construction (Materials and Machinery)
Rea
l Sta
teC
on
stru
ctio
n
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
TOTAL50
49
15
0
10
15
25
20
TOTAL25
25
02
0
4
6
8
10
Total number of transactions
Private Equity/Venture Capital Country Number of investments
Confrapar Brazil 1
Leblon Equities Brazil 1
Largest transactions
Target Buyer Seller Value (R$m)
1 Concremat CCCC Brazil Participações Private Shareholders 350,00
2 Primav Infraestrutura IGLI Primav Construções e Comércio 190,00
3 Cementos Bío Bío Inversiones y Desarrollos Votorantim Cimentos 151,50
Legal Advisors
1 Leoni Siqueira Advogados
1 Stocche Forbes Advogados
2 Pinheiro Neto Advogados
2 Tauil & Chequer Advogados
Financial Advisors
1 RGS Partners
59TTR - Transactional Track Record (www.TTRecord.com)
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IL
Total number of transactions by subsector
Steel, Metallurgy and Industrial Production
40
Food Industry 36
Chemical and Chemical Materials
22
Glass, Ceramic, Paper, Plastics, Wood and Timber
19
Pharmaceutical, Parapharmaceutical and Cosmetics
10
Automotive and Recreational Vehicles 10
Fashion and Textile 6
Aerospace and Aeronautical 4
Other Consumer Goods 3
Shipbuilding 1
Tobacco 1
Industry
60 TTR - Transactional Track Record (www.TTRecord.com)
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BS
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BR
AZ
IL
Steel, Metallurgy and Industrial Production
Stee
lFo
od
Ch
emic
alG
lass
Ph
arm
aA
uto
mov
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
TOTAL41
40
15
0
10
15
20
TOTAL36
36
00
3
6
9
12
15
TOTAL22
22
00
1
2
3
6
5
8
7
4
TOTAL20
19
10
0,5
1
1,5
2.5
3
2
TOTAL10
10
00
0,5
1
1,5
2,5
3
2
TOTAL10
10
00
0,5
1
1,5
2,5
3
3,5
4
2
Private Equity/Venture Capital Country Number of investments
American Private Equity United States 1
Brazilian Private Equity III FIP Brazil 1
Brazilian Private Equity IV FIP Brazil 1
Patria Investimentos Brazil 6
Performa Investimentos Brazil 1
Total number of transactions
Largest transactions
Target Buyer Seller Value (R$m)
1 Thyssenkrupp CSA Techint Holdings ThyssenKrupp 3.561,41
2 Gerdau Metalúrgica Gerdau Private Shareholders 920,70
3 Magnesita RHI-MAG Private Shareholders 447,24
Financial Advisors
1 Banco BTG Pactual
1 Citibank Brasil
1 Goldman Sachs
2 Banco Bradesco BBI
3 BR Partners
Legal Advisors
1 Lobo de Rizzo Advogados
1 Linklaters Deutschland
1 Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados
1 Allen & Overy Netherlands
1 Mitrani, Caballero & Ruiz Moreno Abogados
1 Sullivan & Cromwell US
1 Elvinger, Hoss & Prussen
1 Gedik & Eraksoy
1 Barbosa, Müssnich, Aragão
1 Allen & Overy Germany
1 Ritch, Mueller
1 Heather y Nicolau
2 Otavio Yazbek Advogados
2 Cescon, Barrieu Flesch & Barreto Advogados
3 Pinheiro Guimarães
61TTR - Transactional Track Record (www.TTRecord.com)
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BR
AZ
IL
food Industry
Stee
lFo
od
Ch
emic
alG
lass
Ph
arm
aA
uto
mov
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
TOTAL41
40
15
0
10
15
20
TOTAL36
36
00
3
6
9
12
15
TOTAL22
22
00
1
2
3
6
5
8
7
4
TOTAL20
19
10
0,5
1
1,5
2.5
3
2
TOTAL10
10
00
0,5
1
1,5
2,5
3
2
TOTAL10
10
00
0,5
1
1,5
2,5
3
3,5
4
2
Private Equity/Venture Capital Country Number of investments
2bCapital Brazil 1
Arlon Group United States 3
HIG Capital United States 1
Moringa Fund france 1
Siguler Guff & Company United States 1
Total number of transactions
Largest transactions
Target Buyer Seller Value (R$m)
1 Vigor Alimentos Lala Derivados Lácteos JBS, FB Participações, Arla Foods 5.025,00
2 Moy Park Pilgrim’s JBS 4.008,97
3 Tenedora CND Ambev Grupo León Jimenes 2.975,02
Legal Advisors
1 2Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados
1 Rico, Robles, Libenson y Bernal
1 Cravath, Swaine & Moore
1 Creel, García-Cuéllar, Aiza y Enríquez
1 Lefosse Advogados
1 Pinheiro Guimarães
2 Paul, Weiss, Rifkind, Wharton & Garrison
2 Pinheiro Neto Advogados
2 Cravath, Swaine & Moore
Legal Advisors
3 Debevoise & Plimpton
3 Medina Garrigó Abogados
3 Squire Patton Boggs Peña Prieto, Gamundi
2 Cariola Díez Pérez-Cotapos
2 Barros & Errázuriz Abogados
2 Chadbourne & Parke US
2 Claro y Cía. Abogados
2 Veirano Advogados
3 Galdino, Coelho, Mendes, Carneiro Advogados
3 Souza, Cescon, Barrieu & Flesch Advogados
Financial Advisors
1 Banco BTG Pactual
1 Banco Bradesco BBI
1 Banco Santander Brasil
Financial Advisors
1 Barclays Bank
1 Evercore Partners
1 BNP Paribas Corporate & Investment Banking
62 TTR - Transactional Track Record (www.TTRecord.com)
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IL
Chemical and Chemical Materials
Stee
lFo
od
Ch
emic
alG
lass
Ph
arm
aA
uto
mov
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
TOTAL41
40
15
0
10
15
20
TOTAL36
36
00
3
6
9
12
15
TOTAL22
22
00
1
2
3
6
5
8
7
4
TOTAL20
19
10
0,5
1
1,5
2.5
3
2
TOTAL10
10
00
0,5
1
1,5
2,5
3
2
TOTAL10
10
00
0,5
1
1,5
2,5
3
3,5
4
2
Private Equity/Venture Capital Country Number of investments
Advent International United States 1
Gemma Frisius - Fonds K.U. Leuven Belgium 1
Performa Investimentos Brazil 1
PMV - Participatiemaatschappij Vlaanderen Belgium 1
Resource Capital Funds United States 2
Ventiur.net Brazil 1
Total number of transactions
Largest transactions
Target Buyer Seller Value (R$m)
1 Cristal Pigmentos Tronox Private Shareholders 5.172,01
2 Tupahue TintasSiegwerk Brasil Indústria de Tintas
Private Shareholders 52,20
3 Provale HoldingsResource Capital Funds, Private Shareholders
- 16,00
Financial Advisors
3 GreyHound Investment Banking Advisory
Legal Advisors
1 TozziniFreire Advogados
2 Barbosa, Müssnich, Aragão
3 Rolim de Mello Advogados
3 Veirano Advogados
63TTR - Transactional Track Record (www.TTRecord.com)
SE
CT
OR
S A
ND
SU
BS
EC
TO
RS
BR
AZ
IL
Glass, Ceramic, Paper, Plastics, Wood and Timber
Stee
lFo
od
Ch
emic
alG
lass
Ph
arm
aA
uto
mov
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
TOTAL41
40
15
0
10
15
20
TOTAL36
36
00
3
6
9
12
15
TOTAL22
22
00
1
2
3
6
5
8
7
4
TOTAL20
19
10
0,5
1
1,5
2.5
3
2
TOTAL10
10
00
0,5
1
1,5
2,5
3
2
TOTAL10
10
00
0,5
1
1,5
2,5
3
3,5
4
2
Private Equity/Venture Capital Country Number of investments
Brasil Private Equity III FIP Brazil 1Brazilian Private Equity IV FIP Brazil 1
Patria Brazilian Private Equity III FIP Brazil 1
Patria Brazilian Private Equity IV FIP Brazil 1
Patria Economia Real FIP Brazil 1
Patria Investimentos Brazil 1
Pátria Private Equity Fund III Co-investimento FIP Brazil 1
Patria Setorial I FIP Brazil 1
Total number of transactions
Largest transactions
Target Buyer Seller Value (R$m)
1 Eldorado Brasil CA Investment Brasil fIP florestal 2.686,90
2 Eldorado Brasil CA Investment Brasil J&F Investimentos 1.006,00
3 facepa Suzano Papel e Celulose Private Shareholders 310,00
Financial Advisors
2 Banco BTG Pactual
3 Banco Itaú BBA
Legal Advisors
1 2 Lefosse Advogados
1 2 Stocche Forbes Advogados
1 Derraik & Menezes Advogados
1 Vieira Rezende Advogados
2 Jones Day US
3 Halembeck Barros Advogados Associados
3 Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados
64 TTR - Transactional Track Record (www.TTRecord.com)
SE
CT
OR
S A
ND
SU
BS
EC
TO
RS
BR
AZ
IL
Pharmaceutical, Parapharmaceutical and Cosmetics
Stee
lFo
od
Ch
emic
alG
lass
Ph
arm
aA
uto
mov
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
TOTAL41
40
15
0
10
15
20
TOTAL36
36
00
3
6
9
12
15
TOTAL22
22
00
1
2
3
6
5
8
7
4
TOTAL20
19
10
0,5
1
1,5
2.5
3
2
TOTAL10
10
00
0,5
1
1,5
2,5
3
2
TOTAL10
10
00
0,5
1
1,5
2,5
3
3,5
4
2
Total number of transactions
Largest transactions
Target Buyer Seller Value (R$m)
1 The Body Shop Natura L’Oréal 3.709,80
2 Vallée Carfepe Private Shareholders 68,79
3 Galenika Aelius Gobierno de Serbia 60,79
Financial Advisors
2 Rosenberg Partners
2 R.Beer Consultores
2 Olimpia Partners
Legal Advisors
1 Davis Polk US
1 Pinheiro Neto Advogados
1 Trench, Rossi e Watanabe Advogados
1 Linklaters UK
1 Linklaters France
1 Linklaters Hong Kong
1 Baker McKenzie UK
2 TozziniFreire Advogados
2 Tavernard Advogados
2 Madrona Advogados
65TTR - Transactional Track Record (www.TTRecord.com)
SE
CT
OR
S A
ND
SU
BS
EC
TO
RS
BR
AZ
IL
Automotive and Recreational Vehicles
Stee
lFo
od
Ch
emic
alG
lass
Ph
arm
aA
uto
mov
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
TOTAL41
40
15
0
10
15
20
TOTAL36
36
00
3
6
9
12
15
TOTAL22
22
00
1
2
3
6
5
8
7
4
TOTAL20
19
10
0,5
1
1,5
2.5
3
2
TOTAL10
10
00
0,5
1
1,5
2,5
3
2
TOTAL10
10
00
0,5
1
1,5
2,5
3
3,5
4
2
Total number of transactions
Largest transactions
Target Buyer Seller Value (R$m)
1 Chery Brasil Grupo Caoa Chery 209,76
2Palr, Armetal Autopartes, fANACIf
fras-le Private Shareholders 91,32
3 Amsted Maxion HortolândiaGreenbrier do Brasil Participações
Amsted Rail Brasil 74,31
Legal Advisors
1Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados
1 Baker McKenzie China
2 Hughes & Hughes Abogados
2 Allende & Brea Abogados
3 2 TozziniFreire Advogados
3 Pinheiro Neto Advogados
66 TTR - Transactional Track Record (www.TTRecord.com)
SE
CT
OR
S A
ND
SU
BS
EC
TO
RS
BR
AZ
IL
Total number of transactions by subsector
Agriculture, Agribusiness, Farming and Fishing
30
Mining 8
Forestry -
Natural Resources
67TTR - Transactional Track Record (www.TTRecord.com)
SE
CT
OR
S A
ND
SU
BS
EC
TO
RS
BR
AZ
IL
Agriculture, Agribusiness, Farming and Fishing
Agr
icu
ltu
reM
inin
g
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
TOTAL30
30
0
TOTAL8
8
01
0
2
4
3
5
6
1
0
2
4
3
5
6
7
8
Total number of transactions
Private Equity/Venture Capital Country Number of investments
Algar Ventures Brazil 1
Aqua Capital Brazil 2
Patria Investimentos Brazil 2
Proterra Investment Partners United States 1
Tarrant Capital United States 1
Largest transactions
Target Buyer Seller Value (R$m)
1Companhia Agricola do Parecis - CIAPAR
Agropecuária Maggi Private Shareholders 1.100,00
2 Belagrícola DKBA Participações Private Shareholders 788,74
3 Usina Vale do Paranaiba Grupo Japungu Laginha Agroindustrial 212,54
Legal Advisors
2 Demarest Advogados
2 Machado, Meyer, Sendacz e Opice Advogados
Financial Advisors
2 Banco Itaú BBA
2 Haitong Banco de Investimento do Brasil
68 TTR - Transactional Track Record (www.TTRecord.com)
SE
CT
OR
S A
ND
SU
BS
EC
TO
RS
BR
AZ
IL
Mining
Agr
icu
ltu
reM
inin
g
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
TOTAL30
30
0
TOTAL8
8
01
0
2
4
3
5
6
1
0
2
4
3
5
6
7
8
Total number of transactions
Largest transactions
Target Buyer Seller Value (R$m)
1 Vale - Companhia Vale do Rio DoceLitel Participações, Bradespar, Mitsui & Co, BNDESPar, Elétron
- 5.913,00
2 Sociedade Mineira de Catoca Wargan HoldingsOdebrecht Mining Service Investiments
455,58
3Chapleau Exploração Mineral, Chapleau Resources
Serabi Gold Anfield Gold 72,83
Legal Advisors
1 Vieira Rezende Advogados
1 Pinheiro Neto Advogados
1 SV Law
1 Demarest Advogados
1 Machado, Meyer, Sendacz e Opice Advogados
1 3 Barbosa, Müssnich, Aragão
3 Azevedo Sette Advogados
3 Peterson McVicar
3 Borden Ladner Gervais
Financial Advisors
1 Banco Bradesco BBI
1 Morgan Stanley
69TTR - Transactional Track Record (www.TTRecord.com)
SE
CT
OR
S A
ND
SU
BS
EC
TO
RS
BR
AZ
IL
Total number of transactions by subsector
Distribution and Retail
105
Financial and Insurance
103
Consultancy, Audit and Engineering
81
Healthcare, Hygiene, Medical Aesthetics and Cosmetics
76
Education 43
Transport, Aviation and Logistics
39
Marketing and Advertising
32
Media, Multimedia and Editorial 25
Tourism, Hotels and Restaurants 20
Cars, Motorcycles and Other Vehicles 17
Food and Beverage 14
Waste Management, Pollution and Recycling 8
Sports and Leisure 7
Other Services 5
Water and Sanitation 4
Event Production and Management 4
Security and Private Arms, Ammunition and Explosives
4
Printing and Binding 3
Courier 2
Inspection and Certification 1
Funeral Services 0
Luxury Goods and Services 0
Services and Distribution
70 TTR - Transactional Track Record (www.TTRecord.com)
SE
CT
OR
S A
ND
SU
BS
EC
TO
RS
BR
AZ
IL
Distribution and Retail
Dis
trib
uti
on
Fin
anci
alC
on
sult
ancy
Hea
lth
ecar
eE
du
cati
on
Tran
spo
rtM
arke
tin
g
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
TOTAL105
105
05
0
10
15
20
25
30
TOTAL104
103
1
TOTAL81
81
0
TOTAL76
76
00
5
10
20
15
25
TOTAL43
43
00
TOTAL40
39
12
0
4
8
6
10
12
TOTAL32
32
02
0
4
6
8
10
5
0
10
15
20
25
35
30
5
0
10
15
20
25
35
30
2
4
8
6
10
12
Total number of transactions
Largest transactions
Target Buyer Seller Value (R$m)
1 Grupo Carrefour Brasil Península Participações Carrefour Netherlands 970,94
2Internacional Shopping Guarulhos
Gazit Brazil Levian Participações 937,00
3 Óticas Carol Luxottica GroupPrivate Shareholders, Orange County FIP
406,52
Legal Advisors
1 Barbosa, Müssnich, Aragão
2 Cescon, Barrieu Flesch & Barreto Advogados
2 Goulart & Colepicolo Advogados
3 Lefosse Advogados
3 TozziniFreire Advogados
Financial Advisors
2 Banco Itaú BBA
2 BR Partners
3 2 Bank of America Merrill Lynch
3 Merrill Lynch Brasil
3 PwC Italy
71TTR - Transactional Track Record (www.TTRecord.com)
SE
CT
OR
S A
ND
SU
BS
EC
TO
RS
BR
AZ
IL
Private Equity/Venture Capital Country Number of investments
Advent International United States 1
Aqua Capital Brazil 2
Arlon Group United States 2
Bossa Nova Investimentos Brazil 3
Bozano Investimentos Brazil 1
Canary Brazil 1
Cartesian Capital Group United States 1
Castor Ventures United States 1
Confrapar Brazil 1
Diba SP Participações Brazil 1
fJ Labs United States 3
GVAngels Brazil 1
HIG Capital United States 1
HSI- Hemisferio Sul Investimentos Brazil 1
Kaszek Ventures Argentina 1
Lumia Capital United States 3
Mercado Libre’s Fund Argentina 1
MIA Brazil 1
Monashees Capital Brazil 2
Pangea Two Acquisition Holdings XX United States 1
Pangea Two Acquisition Holdings XXI United States 1
Partners Group Switzerland 1
Patria Investimentos Brazil 3
Península Participações Brazil 1
Rise Capital United States 2
Rocketship.vc United States 1
Siguler Guff & Company United States 1
Tsing Capital China 1
Ventiur.net Brazil 1
WOW Brazil 1
XG Ventures United States 1
72 TTR - Transactional Track Record (www.TTRecord.com)
SE
CT
OR
S A
ND
SU
BS
EC
TO
RS
BR
AZ
IL
Financial and Insurance
Dis
trib
uti
on
Fin
anci
alC
on
sult
ancy
Hea
lth
ecar
eE
du
cati
on
Tran
spo
rtM
arke
tin
g
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
TOTAL105
105
05
0
10
15
20
25
30
TOTAL104
103
1
TOTAL81
81
0
TOTAL76
76
00
5
10
20
15
25
TOTAL43
43
00
TOTAL40
39
12
0
4
8
6
10
12
TOTAL32
32
02
0
4
6
8
10
5
0
10
15
20
25
35
30
5
0
10
15
20
25
35
30
2
4
8
6
10
12
Total number of transactions
Largest transactions
Target Buyer Seller Value (R$m)
1 Itaúsa Fundação Zerrenner Petros 4.520,00
2 BRB Banco de Brasília IPREV - Df Private Shareholders 531,41
3 Guide Investimentos fosun Property Banco Indusval 290,00
Legal Advisors
1 Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados
1 Barbosa, Müssnich, Aragão
3 Pinheiro Neto Advogados
3 Costa e Tavares Paes Advogados
3 Paul Hastings US
Financial Advisors
1 Banco Itaú BBA
Private Equity/Venture Capital Country Number of
investments
Accion Venture Lab United States 1
Actis Brasil Brazil 1
Advent International United States 1
Aqua Capital Brazil 1
Astella Investimentos Brazil 1
Bossa Nova Investi-mentos
Brazil 2
Canary Brazil 3
Cventures Primus Brazil 1
Distrito Ventures Brazil 1
DOMO Invest Brazil 1
Fiinlab Mexico 1
Private Equity/Venture Capital Country Number of
investments
fJ Labs United States 1
fosun Group China 1
Gávea Investimentos Brazil 1
Intel Capital United States 1
Invest Tech Brazil 1
Lone Star funds United States 1
Monashees Capital Brazil 1
Osher Tech Brazil 1
SP Ventures Brazil 1
Vostok Emerging Finance
Bermuda 1
WOW Brazil 1
73TTR - Transactional Track Record (www.TTRecord.com)
SE
CT
OR
S A
ND
SU
BS
EC
TO
RS
BR
AZ
IL
Largest transactions
Target Buyer Seller Value (R$m)
1 Schutter do Brasil Bureau Veritas Private Shareholders 18,00
2 Revelo Valor Capital Group, Seek - 14,00
3 Workana Seek - 8,00
Legal Advisors
1 Pimentel & Rohenkohl Advogados
Consultancy, Audit and Engineering
Dis
trib
uti
on
Fin
anci
alC
on
sult
ancy
Hea
lth
ecar
eE
du
cati
on
Tran
spo
rtM
arke
tin
g
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
TOTAL105
105
05
0
10
15
20
25
30
TOTAL104
103
1
TOTAL81
81
0
TOTAL76
76
00
5
10
20
15
25
TOTAL43
43
00
TOTAL40
39
12
0
4
8
6
10
12
TOTAL32
32
02
0
4
6
8
10
5
0
10
15
20
25
35
30
5
0
10
15
20
25
35
30
2
4
8
6
10
12
Total number of transactions
Private Equity/Venture Capital Country Number of investments
A5 Capital Partners Brazil 1
Advent International United States 1
American Private Equity United States 1
Apollo Global Management United States 1
Bossa Nova Investimentos Brazil 3
Canary Brazil 2
FIP Criatec II Brazil 1
Inova Ventures Brazil 1
Kick Ventures Brazil 2
Lone Star funds United States 1
Monashees Capital Brazil 1
Performa Investimentos Brazil 1
Valor Capital Group United States 1
WOW Brazil 3
74 TTR - Transactional Track Record (www.TTRecord.com)
SE
CT
OR
S A
ND
SU
BS
EC
TO
RS
BR
AZ
IL
Healthcare, Hygiene, Medical Aesthetics and Cosmetics
Dis
trib
uti
on
Fin
anci
alC
on
sult
ancy
Hea
lth
ecar
eE
du
cati
on
Tran
spo
rtM
arke
tin
g
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
TOTAL105
105
05
0
10
15
20
25
30
TOTAL104
103
1
TOTAL81
81
0
TOTAL76
76
00
5
10
20
15
25
TOTAL43
43
00
TOTAL40
39
12
0
4
8
6
10
12
TOTAL32
32
02
0
4
6
8
10
5
0
10
15
20
25
35
30
5
0
10
15
20
25
35
30
2
4
8
6
10
12
Total number of transactions
Largest transactions
Target Buyer Seller Value (R$m)
1 The Body Shop Natura L’Oréal 3.709,80
2 Lave Bras Atmosfera Lavanderia Private Shareholders, DNA Capital 1.230,00
3 SalomãoZoppi Diagnósticos DASA Private Shareholders, Logistics V FIP 600,00
Legal Advisors
1 Davis Polk US
1 Pinheiro Neto Advogados
1 Trench, Rossi e Watanabe Advogados
1 Linklaters UK
1 Linklaters France
1 Linklaters Hong Kong
1 Baker McKenzie UK
2 Stocche Forbes Advogados
2 TozziniFreire Advogados
3 Lefosse Advogados
3 Machado, Meyer, Sendacz e Opice Advogados
3 Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados
Financial Advisors
2 Euro Latina Finance
Private Equity/Venture Capital Country Number of
investments
ACE Aceleradora Brazil 1
Athena Saúde Holding Brazil 1
Bain Capital United States 2
Blackstone United States 1
Bozano Investimentos Brazil 1
FIP Criatec II Brazil 2
Private Equity/Venture Capital Country Number of
investments
Goldman Sachs Private Equity Group
United States 1
Kick Ventures Brazil 2
Patria Investimentos Brazil 7
Victoria Capital Partners Argentina
Argentina 1
75TTR - Transactional Track Record (www.TTRecord.com)
SE
CT
OR
S A
ND
SU
BS
EC
TO
RS
BR
AZ
IL
Private Equity/Venture Capital Country Number of
investments
Advent International United States 1
Confrapar Brazil 1
DGF Investimentos Brazil 1
DOMO Invest Brazil 1
Domo Ventures Brazil 1
e.Bricks Digital Brazil 1
General Atlantic United States 1
Private Equity/Venture Capital Country Number of
investments
GIC Special Invest-ments
Singapore 1
Hunt Holding United States 1
Kairos Society United States 1
Vinci Capital Brazil 1
Warburg Pincus United States 1
WP Búzios Brazil 1
Largest transactions
Target Buyer Seller Value (R$m)
1 Grupo Cruzeiro do Sul Educacional GIC Realty Actis Brasil, Unicid 575,00
2 Estácio Participações Advent International (Global) Private Shareholders 430,00
3 Eleva Educação WP Búzios Private Shareholders 300,00
Legal Advisors
1 3Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados
1 Lilla, Huck, Otranto, Camargo Advogados
1 Machado, Meyer, Sendacz e Opice Advogados
1 Lefosse Advogados
2 Lobo de Rizzo Advogados
3 Vieira Rezende Advogados
Financial Advisors
1 3 Merrill Lynch Brasil
1 3 Banco Itaú BBA
Education
Dis
trib
uti
on
Fin
anci
alC
on
sult
ancy
Hea
lth
ecar
eE
du
cati
on
Tran
spo
rtM
arke
tin
g
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
TOTAL105
105
05
0
10
15
20
25
30
TOTAL104
103
1
TOTAL81
81
0
TOTAL76
76
00
5
10
20
15
25
TOTAL43
43
00
TOTAL40
39
12
0
4
8
6
10
12
TOTAL32
32
02
0
4
6
8
10
5
0
10
15
20
25
35
30
5
0
10
15
20
25
35
30
2
4
8
6
10
12
Total number of transactions
76 TTR - Transactional Track Record (www.TTRecord.com)
SE
CT
OR
S A
ND
SU
BS
EC
TO
RS
BR
AZ
IL
Transport, Aviation and Logistics
Dis
trib
uti
on
Fin
anci
alC
on
sult
ancy
Hea
lth
ecar
eE
du
cati
on
Tran
spo
rtM
arke
tin
g
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
TOTAL105
105
05
0
10
15
20
25
30
TOTAL104
103
1
TOTAL81
81
0
TOTAL76
76
00
5
10
20
15
25
TOTAL43
43
00
TOTAL40
39
12
0
4
8
6
10
12
TOTAL32
32
02
0
4
6
8
10
5
0
10
15
20
25
35
30
5
0
10
15
20
25
35
30
2
4
8
6
10
12
Total number of transactions
Largest transactions
Target Buyer Seller Value (R$m)
1 TCP Participações Kong Rise
Advent International (Global), APM Terminals, Grupo Nogar, TUC Participações Portuárias, Soifer Participações, Pattac Empreendimentos e Participações
2.891,25
2WPR São Luís Gestão de Portos e Terminais
CCCC South America Regional Company
WPR Participações, Private Shareholders
1.729,00
3Portonave - Terminais Portuarios De Navegantes
TIL- Terminal Investment Limited Triunfo Participações 1.300,00
Legal Advisors
1 Pinheiro Neto Advogados
1 Linklaters China
1 Linklaters USA
1 2Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados
1 Lobo de Rizzo Advogados
2 Stocche Forbes Advogados
3 Machado, Meyer, Sendacz e Opice Advogados
3 Cescon, Barrieu Flesch & Barreto Advogados
Financial Advisors
1 3 Banco BTG Pactual
3 Banco Itaú BBA
3 Banco Santander Brasil
Private Equity/Venture Capital Country Number of
investments
Advent International United States 1
Cartesian Capital Group
United States 1
Cartesian Capital Group Brasil
Brazil 1
InovaBra Brazil 1
Private Equity/Venture Capital Country Number of
investments
Kick Ventures Brazil 1
Patria Investimentos Brazil 2
Qualcomm Ventures United States 1
Stratus Brazil 1
Valor Capital Group United States 1
77TTR - Transactional Track Record (www.TTRecord.com)
SE
CT
OR
S A
ND
SU
BS
EC
TO
RS
BR
AZ
IL
Largest transactions
Target Buyer Seller Value (R$m)
1 Ecommet Mercado Livre Private Shareholders 36,50
2 Comrade CI&T Private Shareholders 31,28
3 Xtech Commerce VTEX Private Shareholders 14,00
Legal Advisors
1 Stocche Forbes Advogados
1 Veirano Advogados
2 Madrona Advogados
2 Carr McClellan
2 Chapman Associates
Financial Advisors
1 IBN
1 AM Partners
Marketing and Advertising
Dis
trib
uti
on
Fin
anci
alC
on
sult
ancy
Hea
lth
ecar
eE
du
cati
on
Tran
spo
rtM
arke
tin
g
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
TOTAL105
105
05
0
10
15
20
25
30
TOTAL104
103
1
TOTAL81
81
0
TOTAL76
76
00
5
10
20
15
25
TOTAL43
43
00
TOTAL40
39
12
0
4
8
6
10
12
TOTAL32
32
02
0
4
6
8
10
5
0
10
15
20
25
35
30
5
0
10
15
20
25
35
30
2
4
8
6
10
12
Total number of transactions
Private Equity/Venture Capital Country Number of investments
Bossa Nova Investimentos Brazil 7
Global Founders Capital Germany 1
Redpoint e.Ventures Brazil 1
Riverwood Capital United States 1
78 TTR - Transactional Track Record (www.TTRecord.com)
SE
CT
OR
S A
ND
SU
BS
EC
TO
RS
BR
AZ
IL
Total number of transactions by subsector
Technology
185
Internet
78
Telecoms 12
Electronics 11
Biotechnology 3
Technology and Telecoms
79TTR - Transactional Track Record (www.TTRecord.com)
SE
CT
OR
S A
ND
SU
BS
EC
TO
RS
BR
AZ
IL
Technology
Tech
no
logy
Inte
rnet
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
TOTAL185
185
020
0
40
60
80
100
TOTAL78
78
010
0
20
40
30
50
Total number of transactions
Largest transactions
Target Buyer Seller Value (R$m)
1 Symetis Boston ScientificLabcor Laboratórios, Private Share-holders
1.348,44
2 Ascenty Blackstone - 491,76
3 R3 CEVBanco Bradesco, Bank of America Merrill Lynch, B3
- 349,08
Legal Advisors
1 Lobo de Rizzo Advogados
1 KLA - Koury Lopes Advogados
1 Latham & Watkins US
1 Leoni Siqueira Advogados
1 Vischer Switzerland
2 Akin Gump Strauss Hauer & Feld
2Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados
2 Choate Hall & Stewart
3 Veirano Advogados
3 White & Case US
3 Crowell & Moring
3 DCA Dias Carneiro Advogados
Financial Advisors
1 RGS Partners
2 Banco Itaú BBA
80 TTR - Transactional Track Record (www.TTRecord.com)
SE
CT
OR
S A
ND
SU
BS
EC
TO
RS
BR
AZ
IL
Private Equity/Venture Capital Country Number of
investments
2bCapital Brazil 1
500Startups United States 1
Accel Partners United States 1
Accion Venture Lab United States 1
Adara Ventures Luxembourg 1
Algar Ventures Brazil 1
Angels Capital Spain 1
Blackstone United States 1
Bossa Nova Investimentos
Brazil 8
Bozano Investimentos Brazil 1
Brazil Venture Capital Brazil 1
BZPlan Brazil 1
Canary Brazil 6
Confrapar Brazil 1
Cventures Brazil 1
DGF Investimentos Brazil 2
Distrito Ventures Brazil 1
DOMO Invest Brazil 1
Domo Ventures Brazil 1
Elevar Equity United States 1
Fides Capital Spain 1
FIP Criatec II Brazil 8
FIP Criatec III Brazil 4
fIP RPEV1BRAZIL Brazil 1
Fundo Sul Inovação Brazil 1
Go4it Brazil 1
Private Equity/Venture Capital Country Number of
investments
GVAngels Brazil 2
IGNIA Partners Mexico 1
InovaBra Brazil 1
Intel Capital United States 1
Jackson Square Ventures
United States 1
Kaszek Ventures Argentina 1
Kick Ventures Brazil 3
Madrone Capital Partners
United States 1
Monashees Capital Brazil 3
Mountain Nazca (ex Nazca Ventures)
Chile 1
Novità Aceleradora de Investimentos
Brazil 1
Osher Tech Brazil 1
Patria Investimentos Brazil 1
Point Break Capital Management
Cayman Islands 1
QMS Capital Brazil 1
Rede de Investidores Anjo (RIA)
Brazil 1
Riverwood Capital United States 1
SeedRocket 4Founders Capital
Spain 1
SP Ventures Brazil 2
SuperJobs Ventures Brazil 2
Valor Capital Group United States 1
Ventiur.net Brazil 2
WOW Brazil 5
Yellow Ventures Brazil 1
81TTR - Transactional Track Record (www.TTRecord.com)
SE
CT
OR
S A
ND
SU
BS
EC
TO
RS
BR
AZ
IL
Internet Tech
no
logy
Inte
rnet
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
COMPLETED
CANCELLED
Private Equity
Venture Capital
foreign
acquisitions
in Brazil
Brazilian
acquisitions
abroad
Distressed
Mid Market
(≥R$ 200m)
Smaller Market
(<R$ 200m)
High-end Market
(≥R$ 500m)
TOTAL185
185
020
0
40
60
80
100
TOTAL78
78
010
0
20
40
30
50
Total number of transactions
Largest transactions
Target Buyer Seller Value (R$m)
1 99TaxisDidi Chuxing, Riverwood Capital, Tiger Global Manage-ment, Monashees Capital, Qualcomm Ventures
- 322,28
2Read Servicos Turísticos, Reserva Fácil
Duotur Participações, Refa ParticipaçõesPrivate Shareholders
291,84
3 GuiaBolsoVostok Emerging Finance, Endeavor Catalyst, Ribbit Capital, Omidyar Network, International Finance Corporation (IFC)
- 125,00
Legal Advisors
1 Machado, Meyer, Sendacz e Opice Advogados
1 Simpson Thacher & Bartlett US
1 Simpson Thacher & Bartlett Brasil
82 TTR - Transactional Track Record (www.TTRecord.com)
SE
CT
OR
S A
ND
SU
BS
EC
TO
RS
BR
AZ
IL
Private Equity/Venture Capital Country Number of investments
Astella Investimentos Brazil 1
Bossa Nova Investimentos Brazil 11
BZPlan Brazil 1
Canary Brazil 1
Castor Ventures United States 1
Confrapar Brazil 1
Cventures Primus Brazil 1
ECS Capital Partners United States 1
Eldar Capital United States 1
fJ Labs United States 3
GVAngels Brazil 1
Hunt Holding United States 1
Kaszek Ventures Argentina 1
Kick Ventures Brazil 2
Lumia Capital United States 3
M3 Investimentos Brazil 1
Mercado Libre’s Fund Argentina 1
MIA Brazil 1
Monashees Capital Brazil 2
Mountain Nazca (ex Nazca Ventures) Chile 2
Omidyar Network United States 2
Provence Capital Brazil 1
Qualcomm Ventures United States 1
Redpoint e.Ventures Brazil 1
Ribbit Capital United States 1
Rise Capital United States 2
Riverwood Capital United States 1
Rocketship.vc United States 1
SP Ventures Brazil 1
SuperJobs Ventures Brazil 1
Tiger Global Management United States 1
Travel Capitalist Ventures United Arab Emirates 1
Valor Capital Group United States 1
Ventiur.net Brazil 1
Vostok Emerging Finance Bermuda 3
6Most Active Advisors
84 TTR - Transactional Track Record (www.TTRecord.com)
fIN
AN
CIA
L AD
VIS
OR
S B
RA
ZIL
Financial Advisors
* Only financial advisory to targets, sellers or buyers or parent companies (Ultimate Owner, Holding company) are credited.
Most Active Advisors in 2017
A Ártica Investimentos
B Banco ABC Brasil
Banco Bradesco BBI
Banco BTG Pactual
Banco Itaú BBA
Banco Santander
Bank of America
Barclays Bank
BB Investimentos
BR Partners
Brasilpar
C Condere
Credit Suisse
Cypress Associates
F Firb CFI Brazil
G Goldman Sachs
Greenhill & Co.
I IGC Partners
Integris Consultoria
J JK Capital
K K&K Partners
M Magma
Morgan Stanley
O Olimpia Partners
R RGS Partners
S Setter Investimentos
SRB Banco de Negócios
STS Gaea Capital
V Vinci Partners
Awards
TTR Deal of the month
TTR Deal of the quarter
LEGEND
85TTR - Transactional Track Record (www.TTRecord.com)
fIN
AN
CIA
L A
DV
ISO
RS
BR
AZ
IL
Ártica Investimentos
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Elcordis BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics
Laboratório São Marcos
Private Shareholders
80,00 -
2 Hortifruti Brazil Distribution and RetailDiba SP Participações
HF FIP, HFPAR Participações
- -
3 Hortifruti Brazil Distribution and RetailPrivate Shareholders
Private Shareholders
- -
No. of deals advised* 5 Total value
(R$m) 80,00
Banco Bradesco BBI
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Vale - Companhia Vale do Rio Doce
Brazil MiningLitel Participações, Bradespar, Mitsui & Co, BNDESPar, Elétron
- 5.913,00 -
2 Vigor Alimentos Brazilfood Industry
Lala Derivados LácteosJBS, fB Participações, Arla foods
5.025,00
3 Alpargatas BrazilFashion and Textile
Itaúsa, Cambuhy Investimentos, Brasil Warrant
J&F Investimentos 3.480,00
No. of deals advised* 20
Total value
(R$m)19.559,39
Banco BTG Pactual
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Vigor Alimentos
Brazil food IndustryLala Derivados Lácteos
JBS, FB Participações, Arla foods
5.025,00
2 Thyssenkrupp CSA
BrazilSteel, Metallurgy and Industrial Production
Techint Holdings
ThyssenKrupp 3.561,41 -
3 TCP Participações
BrazilTransport, Aviation and Logistics
Kong Rise
Advent International (Global), APM Terminals, Grupo Nogar, TUC Participações Portuárias, Soifer Participações, Pattac Empreendimentos e Participações
2.891,25
No. of deals advised* 27 Total value
(R$m) 18.432,77
86 TTR - Transactional Track Record (www.TTRecord.com)
fIN
AN
CIA
L AD
VIS
OR
S B
RA
ZIL
Banco ABC Brasil
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Omega Energia e Implantação 2
Brazil Electric Energy Omega GeraçãoOmega Desenvolvimento III fIP, fIP Lambda3
944,85 -
2 King Food, Good Food, Fast Burger
Brazil Food and Beverage BK BrasilPrivate Shareholders
393,10 -
3 Globalpack BrazilGlass, Ceramic, Paper, Plastics, Wood and Timber
SWP Participações
Itavema 280,00
No. of deals advised* 6 Total value
(R$m) 1.853,78
Banco Itaú BBA
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Itaúsa BrazilFinancial and Insurance
Fundação Zerrenner
Petros 4.520,00 -
2 Alpargatas Brazil Fashion and TextileItaúsa, Cambuhy Investimentos, Brasil Warrant
J&f Investimentos
3.480,00
3Portonave - Terminais Portuarios De Navegantes
BrazilTransport, Aviation and Logistics
TIL- Terminal Investment Limited
Triunfo Participações
1.300,00 -
No. of deals advised* 35 Total value
(R$m) 18.727,60
Banco Santander
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 CPFL Energia BrazilElectric Energy; Wind Energy; Biomass
State Grid Brazil Power Participações
Bradespar, Eletropar, Private Shareholders
11.309,91 -
2 Vigor Alimentos Brazil food IndustryLala Derivados Lácteos
JBS, fB Participações, Arla foods
5.025,00
3Portonave - Terminais Portuarios De Navegantes
BrazilTransport, Aviation and Logistics
TIL- Terminal Investment Limited
Triunfo Participações
1.300,00 -
No. of deals advised* 6 Total value
(R$m) 17.736,07
87TTR - Transactional Track Record (www.TTRecord.com)
fIN
AN
CIA
L A
DV
ISO
RS
BR
AZ
IL
Bank of America
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 CPFL Energia BrazilElectric Energy; Wind Energy; Biomass
State Grid Brazil Power Participações
Bradespar, Eletropar, Private Shareholders
11.309,91 -
2 Elektro Holding Brazil Electric Energy Neoenergia - 4.260,00
3Internacional Shopping Guarulhos
BrazilDistribution and Retail
Internacional Shopping Fundo de Investimento Imobiliário
Levian Participações
937,00 -
No. of deals advised* 6 Total value
(R$m) 17.488,43
Barclays Bank
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Moy Park Ireland food Industry Pilgrim’s JBS 4.008,97 -
2 Plumrose United States food Industry JBS USA Danish Crown 728,75 -
No. of deals advised* 2 Total value
(R$m) 4.737,71
BB Investimentos
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Elektro Holding
Brazil Electric Energy Neoenergia - 4.260,00
2 Auto Ricci BrazilCars, Motorcycles and Other Vehicles
Locamerica
Private Shareholders, RCC Participações Sociais, RFN Participações Sociais, Paranainvest
152,53 -
No. of deals advised* 2 Total value
(R$m) 4.412,53
88 TTR - Transactional Track Record (www.TTRecord.com)
fIN
AN
CIA
L AD
VIS
OR
S B
RA
ZIL
BR Partners
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1Internacional Shopping Guarulhos
Brazil Distribution and RetailInternacional Shopping Fundo de Investimento Imobiliário
Levian Participações
937,00 -
2 Cetrel BrazilWaste Management, Pollution and Recycling
BraskemOdebrecht Utilities
610,00 -
3 Magnesita BrazilSteel, Metallurgy and Industrial Production
RHI-MAGPrivate Shareholders
447,24 -
No. of deals advised* 6 Total value
(R$m) 2.266,24
Brasilpar
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Integral Nutrição Animal
Brazil food IndustryCargill Nutrição Animal
Private Shareholders
114,00 -
2Transeich Armazens Gerais, Transeich Assessoria e Transportes
BrazilTransport, Aviation and Logistics
BBM LogísticaKuehne + Nagel Serviços Logísticos
43,00 -
3 Policard BrazilFinancial and Insurance
Up Groupe Invest Participações
Private Shareholders
- -
No. of deals advised* 4 Total value
(R$m) 157,00
Condere
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Smartcoat BrazilConstruction (Materials and Machinery)
PrinerPrivate Shareholders
45,00 -
2 Editora do Brasil BrazilMedia, Multimedia and Editorial
Private Shareholders
Private Shareholders
- -
3 Ideal Invest Brazil Financial and InsurancePrivate Shareholders
CAAf - -
No. of deals advised* 7 Total value
(R$m) 45,00
Credit Suisse
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Brasil Kirin Holding Brazilfood Industry
Bavaria Brasil Kirin 2.408,20 -
2 Coremas I, II e III Geração de Energia Brazil Solar EnergyNordic Power Partners
Rio Alto Energia
270,00 -
No. of deals advised* 2 Total value
(R$m) 2.678,20
89TTR - Transactional Track Record (www.TTRecord.com)
fIN
AN
CIA
L A
DV
ISO
RS
BR
AZ
IL
Cypress Associates
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Costa do Sauípe BrazilTourism, Hotels and Restaurants
Grupo Rio Quente PREVI 140,50 -
2 Rondinha Energética
Brazil Electric Energy FIP PirineusAtlantic Energias Renováveis
- -
3 New Steel BrazilMining; Steel, Metallurgy and Industrial Production
Hankoe FIPGN da Barra Empreendimentos e Participações
- -
No. of deals advised* 4
Total value
(R$m)140,50
Firb CFI Brazil
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Localcred BrazilConsultancy, Audit and Engineering
R Brasil Soluções
Private Shareholders - -
2 3A Soluções BrazilConsultancy, Audit and Engineering
Private Shareholders
Pereira e Lolli Sociedade de Advogados
- -
No. of deals advised* 2 Total value
(R$m) -
Goldman Sachs
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Thyssenkrupp CSA BrazilSteel, Metallurgy and Industrial Production
Techint Holdings
ThyssenKrupp 3.561,41 -
2 Votorantim Siderurgia
BrazilSteel, Metallurgy and Industrial Production
ArcelorMittal Brasil
Votorantim - -
3 Laboratório Teuto BrazilPharmaceutical, Parapharmaceutical and Cosmetics
Private Shareholders
Pfizer Brasil - -
No. of deals advised* 3 Total value
(R$m) 3.561,41
90 TTR - Transactional Track Record (www.TTRecord.com)
fIN
AN
CIA
L AD
VIS
OR
S B
RA
ZIL
Greenhill & Co.
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Policard Brazil Financial and InsuranceUp Groupe Invest Participações
Private Shareholders
- -
2 Deltaplam BrazilGlass, Ceramic, Paper, Plastics, Wood and Timber
Cryovac BrasilPrivate Shareholders
- -
3Solo ATS Participações do Brasil
Brazil food Industry UnileverPrivate Shareholders, BR Opportunities
- -
No. of deals advised* 4 Total value
(R$m) -
IGC Partners
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Ourolac Brazil food IndustrySiguler Guff & Company, 2bCapital
- 90,00 -
2 CBL Alimentos
BrazilFood Industry; Distribution and Retail
Arlon food Ne Participações
Private Shareholders
71,30 -
3 Puket BrazilFashion and Textile; Distribution and Retail
Grupo ImaginariumLMG Roupas, Private Shareholders
- -
No. of deals advised* 10 Total value
(R$m) 161,30
Integris Consultoria
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1Editora Physics, Physics Cidade Nova, Colégio Physics, Physics Vestibulares
BrazilDistribution and Retail; Education
Inspira Mudança Participações
Private Shareholders
- -
2 Ênfase Medicina Brazil EducationInspira Mudança Participações
Private Shareholders
- -
No. of deals advised* 2 Total value
(R$m) -
91TTR - Transactional Track Record (www.TTRecord.com)
fIN
AN
CIA
L A
DV
ISO
RS
BR
AZ
IL
JK Capital
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Grupo SDfLC BrazilFood Industry; Distribution and Retail
frutarom Brasil
Private Shareholders
110,00 -
2 Serdil BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics
fleuryPrivate Shareholders
29,80 -
3 Is Logistica BrazilTransport, Aviation and Logistics; Courier
Taqia Capital
Private Shareholders
- -
No. of deals advised* 3 Total value
(R$m) 139,80
K&K Partners
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 SolarGrid Brazil Solar Energy OM.Group - - -
2 Brasil Gourmet Brazil Food Industry; Distribution and Retail OM.Group - - -
No. of deals advised* 2 Total value
(R$m) -
Magma
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Laticínios Porto Alegre
BrazilFood Industry; Distribution and Retail
Emmi do Brasil Holding
Private Shareholders
- -
2 Allfood BrazilDistribution and Retail; Food Industry
GranaroloPrivate Shareholders
- -
No. of deals advised* 2
Total value
(R$m)-
Morgan Stanley
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Vale - Companhia Vale do Rio Doce
Brazil MiningLitel Participações, Bradespar, Mitsui & Co, BNDESPar, Elétron
- 5.913,00 -
2 Brasil Kirin Holding Brazil food Industry Bavaria Brasil Kirin 2.408,20 -
No. of deals advised* 2 Total value
(R$m) 8.321,20
92 TTR - Transactional Track Record (www.TTRecord.com)
fIN
AN
CIA
L AD
VIS
OR
S B
RA
ZIL
Olimpia Partners
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Apolo Tubulars BrazilSteel, Metallurgy and Industrial Production
Apolo Tubos e Equipamentos
Lone Star Brazil Holdings 2
39,92 -
2 Vallée BrazilPharmaceutical, Parapharmaceutical and Cosmetics
CarfepePrivate Shareholders
68,79 -
No. of deals advised* 2 Total value
(R$m) 108,71
RGS Partners
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Symetis Brazil TechnologyBoston Scientific
Labcor Laboratórios, Private Shareholders
1.348,44 -
2 Concremat BrazilConsultancy, Audit and Engineering; Construction (Materials and Machinery)
CCCC Brazil Participações
Private Shareholders 350,00 -
3 Smartcoat BrazilConstruction (Materials and Machinery)
Priner Private Shareholders 45,00 -
No. of deals advised* 5 Total value
(R$m) 1.743,44
Setter Investimentos
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1
Organização Médica Cruzeiro do Sul, CRUSAM - Cruzeiro do Sul Serviço de Assistência Médica, Laboratório de Análises Clínicas Cruzeiro do Sul
BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics
NotreDame Intermédica
Private Shareholders
110,00 -
2 Hospital São Bernardo BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics
NotreDame Intermédica
EAMPM Participacões, Private Shareholders
40,18 -
3 Bemo do Brasil BrazilConstruction (Materials and Machinery)
The Colleman Group
Private Shareholders
- -
No. of deals advised* 7
Total value
(R$m)150,18
93TTR - Transactional Track Record (www.TTRecord.com)
fIN
AN
CIA
L A
DV
ISO
RS
BR
AZ
IL
SRB Banco de Negócios
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1
São Lucas Ribeirânia Diagnósticos, São Lucas Ribeirânia, Multilav Esterilizações, MultiLav Lavanderia, Hospital São Lucas - Ribeirão Preto
BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics
Caledônia SaúdePrivate Shareholders
73,00 -
2 Lacus Energia BrazilElectric Energy; Hydraulic Energy
Private Shareholders
Private Shareholders
20,00 -
3 MobiCloud Brazil Technology e-ConstrumarketPrivate Shareholders
- -
No. of deals advised* 3 Total value
(R$m) 93,00
STS Gaea Capital
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Energisa Brazil Electric Energy Samambaia Master FIA - 157,60 -
2 Energisa Brazil Electric Energy Samambaia Master FIA - 213,92 -
No. of deals advised* 2 Total value
(R$m) 371,52
Vinci Partners
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 King Food, Good Food, Fast Burger
Brazilfood and Beverage
BK Brasil Private Shareholders 393,10 -
2 Unidas Brazil
Cars, Motorcycles and Other Vehicles
Locamerica
Principal – Gestão de Activos, Kinea I Private Equity FIP, Kinea Co-investimento II FIP, Vinci Capital Partners II FIP, GIf IV fIP
491,48 -
3
Organização Médica Cruzeiro do Sul, CRUSAM - Cruzeiro do Sul Serviço de Assistência Médica, Laboratório de Análises Clínicas Cruzeiro do Sul
Brazil
Healthcare, Hygiene, Medical Aesthetics and Cosmetics
NotreDame Intermédica
Private Shareholders 110,00 -
No. of deals advised* 6 Total value
(R$m) 1.094,58
94 TTR - Transactional Track Record (www.TTRecord.com)
LEG
AL A
DV
ISO
RS
BR
AZ
IL
Legal Advisors
* Only legal advisory to targets, sellers or buyers or parent companies (Ultimate Owner, Holding company) are credited.
Largest transactions
A Araujo e Fontes Advogados
ASBZ Advogados
Azevedo Sette Advogados
B Barbosa, Müssnich, Aragão
C Campos Mello Advogados
Candido Martins Advogados
Cescon, Barrieu Flesch & Barreto Advogados
Chediak Advogados
D DCA - Dias Carneiro Advogados
Demarest Advogados
Derraik & Menezes Advogados
F Fagundes Pagliaro Advogados
Felsberg Advogados
Ferraz de Camargo e Matsunaga Advogados
Fialho Salles Advogados
FreitasLeite Advogados
H Halembeck Barros Advogados Associados
K KLA - Koury Lopes Advogados
L Landi, Rodrigues, Nakano e Giovannetti Advogados
Lefosse Advogados
Leoni Siqueira Advogados
Lilla, Huck, Otranto, Camargo Advogados
Lino, Beraldi, Belluzzo e Caminati Advogados
Lobo de Rizzo Advogados
Loeser e Portela Advogados
M Machado Nunes Advogados
Machado, Meyer, Sendacz e Opice Advogados
Madrona Advogados
Largest transactions
Manassero e Campello Advogados
Mattos Engelberg Advogados
Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados
MNA - Miguel Neto Advogados
Mundie e Advogados
O Otavio Yazbek Advogados
P Peixoto & Cury Advogados
Pereira Neto Macedo Advogados
Perlman, Vidigal e Godoy Advogados
Pinheiro Guimarães
Pinheiro Neto Advogados
PMKA Advogados
R Rolim de Mello Advogados
Rosman, Penalva, Souza Leão, Franco, Vale Advogados
S Salusse Marangoni Advogados
Soares Bumachar Advogados
Souza, Saito, Dinamarco e Advogados
Stocche Forbes Advogados
SV Law
T Tauil & Chequer Advogados
TozziniFreire Advogados
Trench, Rossi e Watanabe Advogados
U Ulhôa Canto, Rezende e Guerra Advogados
V Veirano Advogados
Vella Pugliese Buosi e Guidoni Advogados
Vieira Rezende Advogados
Z Zancan Advogados
Most Active Advisors in 2017
95TTR - Transactional Track Record (www.TTRecord.com)
LEG
AL
AD
VIS
OR
S B
RA
ZIL
Araujo e Fontes Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1Parque Empresarial Contagem I, Parque Empresarial Betim II
Brazil Real EstateCadillac Fairview Brasil Participações, Private ShareholdersI
Private Shareholders
98,00 -
2 Oba Hortifruti BrazilDistribution and Retail; Food and Beverage
Bozano InvestimentosPrivate Shareholders
- -
No. of deals advised* 2 Total value
(R$m) 98,00
ASBZ Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 FIP Bazar Brazil Financial and InsurancePrivate Shareholders
- - -
2 Planalto Postura
BrazilAgriculture, Agribusiness, Farming and Fishing
Hy-line Carfepe - -
3 Bionexo BrazilInternet; Healthcare, Hygiene, Medical Aesthetics and Cosmetics
Pedra Azul - Fundo de Investimento Multimercado
Private Shareholders; Insight Venture Partners
- -
No. of deals advised* 5 Total value
(R$m) -
Partners
1 2 3 Ricardo Melaré
Azevedo Sette Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Grupo SDfLC BrazilFood Industry; Distribution and Retail
frutarom Brasil
Private Shareholders
110,00 -
2 Itaú Power Shopping Brazil Real EstatePrivate Shareholders
BR Malls 107,00 -
3Chapleau Exploração Mineral, Chapleau Resources
Brazil, Canada
Mining; Distribution and Retail; Financial and Insurance
Serabi Gold Anfield Gold 72,83 -
No. of deals advised* 9 Total value
(R$m) 292,84
Partners
1 Joyl Gondim de Alencar Filho 3 Ana Paula Terra Caldeira
2 Luiz Augusto Azevedo Sette 3 Leandra Guimarães
96 TTR - Transactional Track Record (www.TTRecord.com)
LEG
AL A
DV
ISO
RS
BR
AZ
IL
Barbosa, Müssnich, Aragão
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Vale - Companhia Vale do Rio Doce
Brazil Mining
Litel Participações, Bradespar, Mitsui & Co, BNDESPar, Elétron
- 5.913,00 -
2 Itaúsa BrazilFinancial and Insurance
Fundação Zerrenner
Petros 4.520,00 -
3 Thyssenkrupp CSA BrazilSteel, Metallurgy and Industrial Production
Techint Holdings ThyssenKrupp 3.561,41 -
No. of deals advised* 27 Total value
(R$m) 15.465,88
Partners
1 Luiz Antonio Campos 2 Paulo Cezar Aragão
1 Rafael Padilha Calábria 2 Paulo Ceppas Figueiredo
1 Rafael Rocha Castilho 3 Barbara Rosenberg
Campos Mello Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 General Water BrazilWater and Sanitation
LGT ImpactPrivate Shareholders
70,00 -
2Bloco Petrolífero SEAL M-428, Bloco Petrolífero SEAL M-351
Brazil Oil and GasExxonMobil Exploração Brasil, Murphy Brazil
QGEP Participações
70,00 -
3Starboard Restructuring Partners
BrazilConsultancy, Audit and Engineering
Apollo Global Management
Private Shareholders
- -
No. of deals advised* 3 Total value
(R$m) 140,00
Partners
2 Leonardo Costa
3 Marcelo Araújo de Castro Pereira
3 Marcus Vinicius Bitencourt
97TTR - Transactional Track Record (www.TTRecord.com)
LEG
AL
AD
VIS
OR
S B
RA
ZIL
Candido Martins Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1Solo ATS Participações do Brasil
Brazil food Industry UnileverPrivate Shareholders, BR Opportunities
- -
2 Majela Medicamentos
Brazil
Healthcare, Hygiene, Medical Aesthetics and Cosmetics
Elfa Participações e Administração
Private Shareholders
- -
3 BioValens BrazilChemical and Chemical Materials
BiosojaPrivate Shareholders
- -
No. of deals advised* 5 Total value
(R$m) -
Partners
1 2 3 Henrique de Faria Martins
3 Alamy Candido de Paula Filho
3 Renata Simon
Cescon, Barrieu Flesch & Barreto Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 CPFL Energia BrazilElectric Energy; Wind Energy; Biomass
State Grid Brazil Power Participações
Bradespar, Eletropar, Private Shareholders
11.309,91 -
2Portonave - Terminais Portuarios De Navegantes
BrazilTransport, Aviation and Logistics
TIL- Terminal Investment Limited
Triunfo Participações
1.300,00 -
3 Comgás Brazil Oil and Gas Cosan Limited Shell 1.156,85 -
No. of deals advised* 42 Total value
(R$m) 18.181,98
Partners
1 Joaquim José Aceturi de Oliveira 2 Ronald Herscovici
1 Maria Cristina Cescon 3 Tiago Bonatti Peres
1 Carlos Augusto L. Junqueira de Siqueira
98 TTR - Transactional Track Record (www.TTRecord.com)
LEG
AL A
DV
ISO
RS
BR
AZ
IL
Chediak Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Puket BrazilFashion and Textile; Distribution and Retail
Grupo Imaginarium
LMG Roupas, Private Shareholders
- -
2 Brasoil Brazil Oil and Gas PetroRioBrascan fIP, Goldman Sachs, Private Shareholders
- -
No. of deals advised* 2 Total value
(R$m) -
Partners
1 Caio Machado Filho
1 Daniel de Avila Vio
2 Julian Fonseca Peña Chediak
DCA - Dias Carneiro Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 R3 CEVUnited States
Technology; Financial and Insurance
More than 40 investors from over 15 countries, including Brazilian investors
- 349,08 -
2 Neoway Tecnologia
Brazil Technology
QMS Capital, Accel Partners, Monashees Capital, Endeavor Catalyst, Point Break Capital Management, Inversiones Pollux
- 141,54 -
3 Neoway Tecnologia
Brazil Technology Temasek Holdings - 92,61 -
No. of deals advised* 10 Total value
(R$m) 589,42
Partners
1 2 3 Eduardo Zilberber
3 Rodrigo Maito da Silveira
99TTR - Transactional Track Record (www.TTRecord.com)
LEG
AL
AD
VIS
OR
S B
RA
ZIL
Demarest Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Vale - Companhia Vale do Rio Doce
Brazil MiningLitel Participações, Bradespar, Mitsui & Co, BNDESPar, Elétron
- 5.913,00 -
2 LandCo Brazil Real Estate DKBA ParticipaçõesPrivate Shareholders
1.206,49 -
3 Sementes Selecta Brazil food Industry CJ CheiljedangCorpesca do Brasil, Private Shareholders
1.016,18 -
No. of deals advised* 33 Total value
(R$m) 10.295,91
Partners
1 Thiago Giantomassi Medeiros 3 Andre Alarcon
2 José Setti Diaz 3 Mário Roberto Villanova Nogueira
2 Lucas Tavares Bueno 3 Alessandra Helena G. Albergaria Pereira
2 Bruno de Luca Drago 3 Carlos Eduardo Marino Orsolon
2 Eloisa de Almeida Rego Barros Curi 3 Renato Canizares
Derraik & Menezes Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Eldorado Brasil BrazilGlass, Ceramic, Paper, Plastics, Wood and Timber
CA Investment BrasilfIP florestal
2.686,90 -
2 Avante BrazilFinancial and Insurance
Fiinlab, Vox Capital - 38,60 -
3 PP Promotora de Vendas
BrazilFinancial and Insurance; Internet
Astella Investimentos, Private Shareholders, SP Ventures
- 6,00 -
No. of deals advised* 20 Total value
(R$m) 2.751,60
Partners
1 2 3 Rodrigo Menezes
100 TTR - Transactional Track Record (www.TTRecord.com)
LEG
AL A
DV
ISO
RS
BR
AZ
IL
Fagundes Pagliaro Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Momento Engenharia Ambiental
BrazilWaste Management, Pollution and Recycling
VeoliaPrivate Shareholders
- -
2 Hinove Agrociencia BrazilChemical and Chemical Materials
Private Shareholders
Private Shareholders
- -
3 Adespec BrazilChemical and Chemical Materials
WeberPrivate Shareholders
- -
No. of deals advised* 3 Total value
(R$m) -
Partners
1 2 3 Leonardo Tonelo Gonçalves
Felsberg Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Digifarmz BrazilTechnology; Agriculture, Agribusiness, Farming and Fishing
Private Shareholders
- - -
2 Itubombas Brazil
Steel, Metallurgy and Industrial Production; Consultancy, Audit and Engineering; Distribution and Retail
Atlas CopcoPrivate Shareholders
- -
No. of deals advised* 2 Total value
(R$m) -
Partners
1 Evy Cynthia Marques
2 João Carlos Anderson Corrêa de Mendonça
101TTR - Transactional Track Record (www.TTRecord.com)
LEG
AL
AD
VIS
OR
S B
RA
ZIL
Ferraz de Camargo e Matsunaga Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 DânicaZipco Brazil
Steel, Metallurgy and Industrial Production; Glass, Ceramic, Paper, Plastics, Wood and Timber
Brazil Steel Investimentos e Participações, Metal Brazil Participações, Patria Brazilian Private Equity III FIP, Pátria Private Equity Fund III Co-investimento FIP, Brasil Private Equity III FIP, Patria Economia Real FIP, Patria Setorial I FIP, Patria Brazilian Private Equity IV FIP, Brazilian Private Equity IV FIP
Private Shareholders
10,00 -
2 ShopBack Brazil Technology Linx SistemasPrivate Shareholders
39,00 -
No. of deals advised* 2 Total value
(R$m) 49,00
Partners
1 Rodrigo Ferraz de Camargo
Fialho Salles Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1SPE Assurua Geradora de Energia Solar
BrazilElectric Energy; Solar Energy
CastlelakeQuebec Engenharia
115,00 -
2 Elcordis BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics
Laboratório São Marcos
Private Shareholders
80,00 -
3 SVA Tech Brazil Technology FIP Criatec III - 4,50 -
No. of deals advised* 10 Total value
(R$m) 199,50
Partners
1 2 3 Alice Dourado
102 TTR - Transactional Track Record (www.TTRecord.com)
LEG
AL A
DV
ISO
RS
BR
AZ
IL
FreitasLeite Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Shopping Granja Vianna
Brazil Real EstateHSI V FIP, Rec 2017 Empreendimentos e Participacoes II
Spe Xangai Participacoes, Private Shareholders, BR Malls
223,64 -
2 Shopping Paralela BrazilDistribution and Retail
HSI- Hemisferio Sul Investimentos, Rec 2017 Empreendimentos e Participacoes i
BR Malls 205,26 -
3 Adicarai - Modas, Adeplaza Modas
BrazilDistribution and Retail
Private ShareholdersPrivate Shareholders
2,00 -
No. of deals advised* 10 Total value
(R$m) 432,15
Partners
1 2 3 João Pedro Barroso do Nascimento
Halembeck Barros Advogados Associados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 facepa BrazilGlass, Ceramic, Paper, Plastics, Wood and Timber
Suzano Papel e Celulose
Private Shareholders
310,00 -
2 CBL Alimentos BrazilFood Industry; Distribution and Retail
Arlon food Ne Participações
Private Shareholders
71,30 -
3Berçário Espaço da Vila, Escola Da Vila Butantã, Escola Da Vila Morumbi
Brazil EducationBahema Educação SP
Private Shareholders
34,48 -
No. of deals advised* 13 Total value
(R$m) 428,53
Partners
1 2 Bruno de Barros Carvalho Longo 1 Patrícia Bayer
1 Carla Dias Alves Anastácio Loures Penna 2 3 Luciane Fischmann
1 3 Daniel Vianna de Azevedo Barros 3 Carolina Martins Mônaco
1 2 3 Luiz Fernando Amaral Halembeck 3 Sofia Gervásio Ferreira Lopes
103TTR - Transactional Track Record (www.TTRecord.com)
LEG
AL
AD
VIS
OR
S B
RA
ZIL
KLA - Koury Lopes Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Symetis Brazil TechnologyBoston Scientific
Labcor Laboratórios, Private Shareholders
1.348,44 -
2
Boa Hora 1 Geradora de Energia Solar, Boa Hora 2 Geradora de Energia Solar, Boa Hora 3 Geradora de Energia Solar
BrazilElectric Energy; Solar Energy
AES TietêEuropean Energy, Eólica Tecnologia, Solar Tecnologia
75,00 -
3 Avante BrazilFinancial and Insurance
Fiinlab, Vox Capital
- 38,60 -
No. of deals advised* 18 Total value
(R$m) 1.498,84
Partners
1 Karin Alvo 2 Ricardo Higashitani
2 Henrique de Oliveira Lopes da Silva 3 Luiz Filipe Aranha
2 Marianne Albers 3 Mariana Cortez
2 Melissa Kanô 3 Ricardo Stuber
Landi, Rodrigues, Nakano e Giovannetti Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Configr Brazil TechnologyFIP Venture Brasil Central
- 2,00 -
2 Gupy Brazil TechnologyCanary, Yellow Ventures, Private Shareholders
- 1,50 -
3 Tecverde Engenharia
BrazilConstruction (Materials and Machinery)
fIP Performa Key - - -
No. of deals advised* 5 Total value
(R$m) 3,50
104 TTR - Transactional Track Record (www.TTRecord.com)
LEG
AL A
DV
ISO
RS
BR
AZ
IL
Lefosse Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Vigor Alimentos
Brazil food IndustryLala Derivados Lácteos
JBS, FB Participações, Arla foods
5.025,00
2 Elektro Holding
Brazil Electric Energy Neoenergia - 4.260,00
3 Eldorado Brasil BrazilGlass, Ceramic, Paper, Plastics, Wood and Timber
CA Investment Brasil
fIP florestal 2.686,90 -
No. of deals advised* 24 Total value
(R$m) 16.843,27
Partners
1 Carlo Verona 1 Mauricio Negri Machado Paschoal
1 Gustavo Lian Haddad 1 Rodrigo Azevedo Junqueira
1 Gustavo Paes 2 Luiz Octavio Duarte Lopes
1 José Carlos da Matta Berardo 3 Carlos Barbosa Mello
Leoni Siqueira Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Symetis Brazil TechnologyBoston Scientific
Labcor Laboratórios, Private Shareholders
1.348,44 -
2 Concremat Brazil
Consultancy, Audit and Engineering; Construction (Materials and Machinery)
CCCC Brazil Participações
Private Shareholders
350,00 -
3 SPE Mônaco Participações
Brazil Real EstateGrupo Ancar Ivanhoe
BR Malls 166,30 -
No. of deals advised* 6 Total value
(R$m) 1.895,74
Partners
1 2 3 Felipe de Assis Torres
1 Flavio Leoni Siqueira
2 João Felipe Viegas Figueira de Mello
105TTR - Transactional Track Record (www.TTRecord.com)
LEG
AL
AD
VIS
OR
S B
RA
ZIL
Lilla, Huck, Otranto, Camargo Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Sementes Selecta Brazil food Industry CJ CheiljedangCorpesca do Brasil, Private Shareholders
1.016,18 -
2 Grupo Cruzeiro do Sul Educacional
Brazil Education GIC Realty Actis Brasil, Unicid 575,00 -
3 Frigorífico Ceratti Brazil food Industry Hormel FoodsPrivate Shareholders
328,00 -
No. of deals advised* 5 Total value
(R$m) 2.159,18
Partners
2 Camila Marchetti Villares 3 Diego Billi Falcão
2 Estela L. Monteiro Soares de Camargo 3 Fabio de Campos Lilla
2 Fernanda Annenberg 3 Luis Gustavo Haddad
3 Ana Carolina Barbuio
Lino, Beraldi, Belluzzo e Caminati Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Alpargatas Brazil Fashion and TextileItaúsa, Cambuhy Investimentos, Brasil Warrant
J&F Investimentos 3.480,00
2 Cellera farma BrazilPharmaceutical, Parapharmaceutical and Cosmetics
Private Shareholders
VSAP24 fIP - -
No. of deals advised* 2 Total value
(R$m) 3.480,00
Partners
1 2 Eduardo Caminati Anders 2 Gabriela Egreja Papa
1 2 Julia Raquel Haddad 2 Guilherme Teno Castilho Missali
1 Leda Batista da Silva Diôgo de Lima
106 TTR - Transactional Track Record (www.TTRecord.com)
LEG
AL A
DV
ISO
RS
BR
AZ
IL
Lobo de Rizzo Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Thyssenkrupp CSA
BrazilSteel, Metallurgy and Industrial Production
Techint Holdings
ThyssenKrupp 3.561,41 -
2 TCP Participações
BrazilTransport, Aviation and Logistics
Kong Rise
Advent International (Global), APM Terminals, Grupo Nogar, TUC Participações Portuárias, Soifer Participações, Pattac Empreendimentos e Participações
2.891,25
3 Symetis Brazil TechnologyBoston Scientific
Labcor Laboratórios, Private Shareholders
1.348,44 -
No. of deals advised* 30 Total value
(R$m) 11.137,66
Partners
1 Regina Gasulla Bouza 1 3 Valdo Cestari de Rizzo
1 Sérgio Varella Bruna 3 Rodrigo Roso
2 Daniella Tavares
Loeser e Portela Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Costapacking, Private Shareholders
BrazilGlass, Ceramic, Paper, Plastics, Wood and Timber
Plastek - - -
2 Adecol BrazilChemical and Chemical Materials
H.B. FullerPrivate Shareholders
- -
No. of deals advised* 2 Total value
(R$m) -
Partners
1 2 Enrique Tello Hadad
107TTR - Transactional Track Record (www.TTRecord.com)
LEG
AL
AD
VIS
OR
S B
RA
ZIL
Machado Nunes Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Standout Brazil TechnologyBossa Nova Investimentos, GVAngels
- 0,60 -
2 eStoks BrazilInternet; Distribution and Retail
GVAngels - - -
3 ACE Aceleradora
BrazilConsultancy, Audit and Engineering
Bossa Nova Investimentos, Private Shareholders
- - -
No. of deals advised* 3 Total value
(R$m) 0,60
Partners
1 2 Rafael Younis Marques
Machado, Meyer, Sendacz e Opice Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Elektro Holding Brazil Electric Energy Neoenergia - 4.260,00
2Portonave - Terminais Portuarios De Navegantes
BrazilTransport, Aviation and Logistics
TIL- Terminal Investment Limited
Triunfo Participações
1.300,00 -
3 Belagrícola Brazil
Agriculture, Agribusiness, Farming and Fishing
DKBA Participações
Private Shareholders
788,74 -
No. of deals advised* 37 Total value
(R$m) 9.509,04
Partners
1 Ivandro Maciel Sanchez Junior 2 Mauro Bardawil Penteado
1 Adriano Schnur Gabriel Ferreira 1 2 Marcos Paulo Veríssimo
1 Alessandra Souza Pinto 2 Rafael Arsie Contin
1 Andrea Fialho 2 Tiago Espellet Dockhorn
1 Eliana Helena de Gregório Ambrósio Chimenti 3 Arthur Bardawil Penteado
1 Fernando Colucci 3 Bruno Marino Gomes
1 3 Fernando Tonanni 3 Manuela Lisboa Gentil Monteiro
1 Luiz Fernando Mascaro 3 Mariana Rodrigues Meditsch
108 TTR - Transactional Track Record (www.TTRecord.com)
LEG
AL A
DV
ISO
RS
BR
AZ
IL
Madrona Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Check In Particpações
BrazilTourism, Hotels and Restaurants
CVC Brasil Grupo Trend 258,80 -
2 Vallée BrazilPharmaceutical, Parapharmaceutical and Cosmetics
CarfepePrivate Shareholders
68,79 -
3Swell Importação e Comércio de Produtos de Iluminação
BrazilDistribution and Retail
Pangea Two Acquisition Holdings XX, Pangea Two Acquisition Holdings XXI
Private Shareholders, Palmira, KMR Investment Partners, Stelac SPV XXI
42,00 -
No. of deals advised* 23 Total value
(R$m) 509,87
Partners
1 Juliano Rotoli Okawa 2 Danilo Henrique Pereira Minine
1 Marcelo Cosac 3 José Luís Camargo Jr.
1 2 Ricardo Madrona
Manassero e Campello Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Rondinha Energética
Brazil Electric Energy FIP PirineusAtlantic Energias Renováveis
- -
2 AppProva BrazilEducation; Technology
Somos Educação e Participações
e.Bricks Digital, Private Shareholders
- -
No. of deals advised* 2 Total value
(R$m) -
Partners
2 Fabia Elaine da Silva Moreira
2 José Eduardo Manassero
109TTR - Transactional Track Record (www.TTRecord.com)
LEG
AL
AD
VIS
OR
S B
RA
ZIL
Mattos Engelberg Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Integral Nutrição Animal
Brazil food IndustryCargill Nutrição Animal
Private Shareholders
114,00 -
2 Smartcoat BrazilConstruction (Materials and Machinery)
PrinerPrivate Shareholders
45,00 -
3 ALUB Brazil EducationGeneve Investimentos
Private Shareholders
- -
No. of deals advised* 4 Total value
(R$m) 159,00
Partners
1 2 3 André de Godoy Fernandes
1 2 Cristiane Borges da Costa
3 Gustavo Penna Marinho
Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Vigor Alimentos Brazil food IndustryLala Derivados Lácteos
JBS, fB Participações, Arla foods
5.025,00
2 Itaúsa BrazilFinancial and Insurance
Fundação Zerrenner
Petros 4.520,00 -
3 Elektro Holding Brazil Electric Energy Neoenergia - 4.260,00
No. of deals advised* 68 Total value
(R$m) 38.202,70
Partners
1 Andrea Bazzo Lauletta 1 Thiago Jabor Pinheiro
1 Bruno Mastriani Simões Tuca 2 Maria Fernanda Almeida Prado e Silva
1 Eduardo Damião Gonçalves 2 Moacir Zilbovicius
1 Moacir Zilbovicius 3 Hiram Bandeira Pagano Filho
1 Renata fonseca Zuccolo 3 João Ricardo de Azevedo Ribeiro
1 Rodrigo Figueiredo Nascimento
110 TTR - Transactional Track Record (www.TTRecord.com)
LEG
AL A
DV
ISO
RS
BR
AZ
IL
MNA - Miguel Neto Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Grupo SDfLC BrazilFood Industry; Distribution and Retail
Frutarom BrasilPrivate Shareholders
110,00 -
2Loc Sites Infraestrutura Telefônica
Brazil
Telecoms; Technology; Construction (Materials and Machinery)
SBA Torres BrasilPrivate Shareholders
- -
3 Citromax Essências BrazilChemical and Chemical Materials
Frutarom BrasilPrivate Shareholders
- -
No. of deals advised* 3 Total value
(R$m) 110,00
Partners
1 2 Bruno Hachebe Schiavoni Guarnieri
1 3 José Antônio Miguel Neto
Mundie e Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Brasil Kirin Holding Brazil food Industry Bavaria Brasil Kirin 2.408,20 -
2 Intesa Brazil Electric EnergyEquatorial Energia
FIP Brasil Energia 273,00 -
3BRE Ponte VI Empreendimentos e Participações
Brazil
Construction (Materials and Machinery); Real Estate
Acument Brasil Sistemas de Fixação
BRE Alpha fIP - -
No. of deals advised* 3 Total value
(R$m) 2.681,20
Partners
1 3 Ana Cristina de Moraes 2 José Carlos Altomari Teixeira
1 Guilherme Favaro Corvo Ribas 2 Rodolpho de Oliveira Franco Protasio
111TTR - Transactional Track Record (www.TTRecord.com)
LEG
AL
AD
VIS
OR
S B
RA
ZIL
Otavio Yazbek Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Gerdau BrazilSteel, Metallurgy and Industrial Production
Metalúrgica GerdauPrivate Shareholders
920,70 -
2 Gerdau BrazilSteel, Metallurgy and Industrial Production
Metalúrgica Gerdau Banco BTG Pactual 434,30 -
No. of deals advised* 2 Total value
(R$m) 1.355,00
Partners
1 2 Gustavo Machado Gonzalez
1 2 Otávio Yazbek
Peixoto & Cury Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Elfer Alumínio
BrazilSteel, Metallurgy and Industrial Production
CecilPrivate Shareholders
- -
2 Allfood BrazilDistribution and Retail; food Industry
GranaroloPrivate Shareholders
- -
No. of deals advised* 2 Total value
(R$m) -
Pereira Neto Macedo Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1Labtec - Laboratorio de Ciência e Tecnologia
Brazil
Consultancy, Audit and Engineering; Healthcare, Hygiene, Medical Aesthetics and Cosmetics
Total AlimentosPrivate Shareholders
- -
2 AppProva BrazilEducation; Technology
Somos Educação e Participações
e.Bricks Digital, Private Shareholders
- -
No. of deals advised* 2 Total value
(R$m) -
Partners
1 Paulo de Lorenzo Messina
2 Ricardo Ferreira de Macedo
112 TTR - Transactional Track Record (www.TTRecord.com)
LEG
AL A
DV
ISO
RS
BR
AZ
IL
Perlman, Vidigal e Godoy Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1
Organização Médica Cruzeiro do Sul, CRUSAM - Cruzeiro do Sul Serviço de Assistência Médica, Laboratório de Análises Clínicas Cruzeiro do Sul
Brazil
Healthcare, Hygiene, Medical Aesthetics and Cosmetics
NotreDame Intermédica
Private Shareholders
110,00 -
2 Acesso BrazilFinancial and Insurance
Invest Tech - 21,00 -
3 PagBem Brazil
Financial and Insurance; Other Services; Transport, Aviation and Logistics
Vector Tecnologia e Serviços
fema 2 Investimentos e Participações
- -
No. of deals advised* 3 Total value
(R$m) 131,00
Partners
1 Andrea Coimbra de Oliveira Anger
1 Marcelo Perlman
Pinheiro Guimarães
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Vigor Alimentos
Brazil food IndustryLala Derivados Lácteos
JBS, fB Participações, Arla foods
5.025,00
2 Ultrafertil BrazilTransport, Aviation and Logistics
Vale - Companhia Vale do Rio Doce
Private Shareholders
499,22 -
3 Magnesita BrazilSteel, Metallurgy and Industrial Production
RHI-MAGPrivate Shareholders
447,24 -
No. of deals advised* 24 Total value
(R$m) 6.388,74
Partners
1 2 3 Francisco José Pinheiro Guimarães
1 3 Rodrigo Marcilio
2 Gabriela Ponte Machado
3 Mariana Silveira Martins Jost
113TTR - Transactional Track Record (www.TTRecord.com)
LEG
AL
AD
VIS
OR
S B
RA
ZIL
Pinheiro Neto Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Vale - Companhia Vale do Rio Doce
Brazil MiningLitel Participações, Bradespar, Mitsui & Co, BNDESPar, Elétron
- 5.913,00 -
2 Elektro Holding Brazil Electric Energy Neoenergia - 4.260,00
3 Moy Park Ireland food Industry Pilgrim’s JBS 4.008,97 -
No. of deals advised* 49 Total value
(R$m) 24.508,98
Partners
1 3 Fernando dos Santos Zorzo 3 José Alexandre Buaiz Neto
2 Fernando Mirandez del Nero Gomes 3 José Luiz Homem de Mello
2 José Roberto Oliva Junior
PMKA Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1SC São Paulo CE Aço Empreendimentos e Participações
Brazil Real EstateBrasia II Properties Investimentos Imobiliários
São Carlos Empreendimentos e Participações
296,00 -
2 CTBH FII BrazilFinancial and Insurance; Real Estate
AlianscePrivate Shareholders
275,30 -
3Bonsucesso Log Park Empreendimentos Imobiliarios
Brazil Real EstateBrasia Properties Investimentos Imobiliarios
TRX Holding Investimentos e Participações, TRX Incorporadora e Desenvolvedora Imobiliária, Private Shareholders
228,80 -
No. of deals advised* 9 Total value
(R$m) 1.035,45
Partners
1 3 Rafael Gobbi
1 3 Sérgio Ricardo Souza Kawasaki
114 TTR - Transactional Track Record (www.TTRecord.com)
LEG
AL A
DV
ISO
RS
BR
AZ
IL
Rolim de Mello Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1Transeich Armazens Gerais, Transeich Assessoria e Transportes
BrazilTransport, Aviation and Logistics
BBM LogísticaKuehne + Nagel Serviços Logísticos
43,00 -
2 Provale Holdings BrazilChemical and Chemical Materials
Resource Capital Funds, Private Shareholders
- 16,00 -
3Devpartner Tecnologia da Informação
Brazil Technology Grupo LTMPrivate Shareholders
9,94 -
No. of deals advised* 8
Total value
(R$m)72,94
Partners
1 3 Carlos José Rolim de Mello
2 3 Fernando Gentil Monteiro
Rosman, Penalva, Souza Leão, Franco, Vale Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Apolo Tubulars BrazilSteel, Metallurgy and Industrial Production
Apolo Tubos e Equipamentos
Lone Star Brazil Holdings 2
39,92 -
2 Cardio Sistemas, Cardio Dinâmica
Brazil
Healthcare, Hygiene, Medical Aesthetics and Cosmetics; Electronics
Halma, Meadowbridge Holding
Private Shareholders
- -
No. of deals advised* 2 Total value
(R$m) 39,92
Partners
1 2 Luciano de Souza Leão Jr.
115TTR - Transactional Track Record (www.TTRecord.com)
LEG
AL
AD
VIS
OR
S B
RA
ZIL
Salusse Marangoni Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1Print Laser Cartões, Log & Print Dados Variáveis
BrazilPrinting and Binding
Log & PrintPrivate Shareholders
- -
2 Escola Sá Pereira Brazil EducationEscolas Integradas Raiz
Private Shareholders
- -
No. of deals advised* 2 Total value
(R$m) -
Partners
2 Felipe Hannickel Souza
Soares Bumachar Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1IENNE - Interligação Elétrica Norte e Nordeste
Brazil Electric Energy CTEEPIsolux Energia e Participações, CYMI
101,16 -
2 Laboratório Medico Vital Brasil
BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics
DASAPrivate Shareholders
- -
No. of deals advised* 2 Total value
(R$m) 101,16
Partners
1 Eduardo Soares
2 Marcela Britto Correa Figueiró
Souza, Saito, Dinamarco e Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Binova BrazilChemical and Chemical Materials; Agriculture, Agribusiness, Farming and Fishing
Grupo Agroceres
Private Shareholders
- -
2 Assistcare BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics
BSL - Brazil Senior Living
Private Shareholders
- -
No. of deals advised* 2 Total value
(R$m) -
Partners
1 2 João Felipe Dinamarco
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Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Eldorado Brasil BrazilGlass, Ceramic, Paper, Plastics, Wood and Timber
CA Investment Brasil
fIP florestal 2.686,90 -
2Complexo Eólico Ventos do Araripe III
BrazilElectric Energy; Wind Energy
VTRM Energia Casa dos Ventos 1.800,00 -
3WPR São Luís Gestão de Portos e Terminais
BrazilTransport, Aviation and Logistics; Ports
CCCC South America Regional Company
WPR Participações, Private Shareholders
1.729,00 -
No. of deals advised* 39 Total value
(R$m) 13.552,67
Partners
1 3 Guilherme de Figueiredo Forbes 2 Fabiano Marques Milani
1 Luiz Felipe Martins Costa 2 Renato Souza Coelho
SV Law
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Vale - Companhia Vale do Rio Doce
Brazil MiningLitel Participações, Bradespar, Mitsui & Co, BNDESPar, Elétron
- 5.913,00 -
2 Carbonor BrazilChemical and Chemical Materials
PQA Produtos Químicos QGN - -
No. of deals advised* 2 Total value
(R$m) 5.913,00
Partners
1 Marcos Monteiro Schroeder
2 Rodrigo Valverde
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Tauil & Chequer Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Wise Up Brazil Education WW HoldingPrivate Shareholders
200,00 -
2 Primav Infraestrutura
Brazil
Consultancy, Audit and Engineering; Construction (Materials and Machinery)
IGLIPrimav Construções e Comércio
190,00 -
3CCP Logistica Empreendimentos Imobiliarios
Brazil
Construction (Materials and Machinery); Real Estate
Cyrela Commercial Properties
CPPIB - Canada Pension Plan Investment Board
- -
No. of deals advised* 3 Total value
(R$m) 390,00
Partners
1 Caio Cossermelli 1 Celso Grisi
1 2 Carlos Motta 3 José Paulo Marzagão
TozziniFreire Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Cristal Pigmentos BrazilChemical and Chemical Materials
TronoxPrivate Shareholders
5.172,01 -
2 Brasil Kirin Holding Brazil food IndustryBavaria Brasil
Kirin 2.408,20 -
3 Complexo Eólico Ventos do Araripe III
BrazilElectric Energy; Wind Energy
VTRM Energia
Casa dos Ventos 1.800,00 -
No. of deals advised* 41 Total value
(R$m) 14.451,85
Partners
1 3 Francisco Eumene Machado de Oliveira Neto 2 fernando Eduardo Serec
1 Mauro E. Guizeline 2 Jun Makuta
2 Daniel Oliveira Andreoli
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Trench, Rossi e Watanabe Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 The Body Shop
United Kingdom
Pharmaceutical, Parapharmaceutical and Cosmetics; Healthcare, Hygiene, Medical Aesthetics and Cosmetics
Natura L’Oréal 3.709,80 -
2Complexo Eólico Ventos do Araripe III
Brazil Electric Energy; Wind EnergyVTRM Energia
Casa dos Ventos 1.800,00 -
3 Unidas BrazilCars, Motorcycles and Other Vehicles
Locamerica
Principal – Gestão de Activos, Kinea I Private Equity FIP, Kinea Co-investimento II FIP, Vinci Capital Partners II fIP, GIf IV fIP
491,48 -
No. of deals advised* 9 Total value
(R$m) 6.241,28
Partners
1 Simone Dias Musa 3 Diana Pacifico Henne
2 José Roberto Martins 3 Mauro Cesar Leschziner
Ulhôa Canto, Rezende e Guerra Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 CTBH FII BrazilFinancial and Insurance; Real Estate
AlianscePrivate Shareholders
275,30 -
2 Caxias Shopping Brazil Real Estate XP Malls fII Aliansce 35,50 -
3 Araguaia Indústria de Óleos e Proteínas
Brazil food Industry fasaFarol Indústria e Comércio
- -
No. of deals advised* 4 Total value
(R$m) 310,80
Partners
1 2 Marcelo Maria Santos
1 3 Pedro Chueiri
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Veirano Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 CPFL Energia BrazilElectric Energy; Wind Energy; Biomass
State Grid Brazil Power Participações
Bradespar, Eletropar, Private Shareholders
11.309,91 -
2 R3 CEVUnited States
Technology; Financial and Insurance
More than 40 investors from over 15 countries, including Brazilian investors
- 349,08 -
3 Aloo Telecom Brazil TelecomsCartesian Capital Group
- 235,83 -
No. of deals advised* 40 Total value
(R$m) 12.187,38
Partners
1 Alberto de Orleans e Bragança 2 Guilherme Peres Potenza
1Carlos Alexandre Lobo 2 Sergio Bronstein
1Julio Ramalho Dubeux 3 Renata Fialho de Oliveira
1 3 Lior Pinsky
Vella Pugliese Buosi e Guidoni Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1Multiscan Imagem e Diagnóstico
Brazil
Healthcare, Hygiene, Medical Aesthetics and Cosmetics
Centro de Diagnóstico por Imagem
Private Shareholders
92,00 -
2 Hospital São Bernardo
Brazil
Healthcare, Hygiene, Medical Aesthetics and Cosmetics
NotreDame Intermédica
EAMPM Participacões, Private Shareholders
40,18 -
3 Intervalor BrazilFinancial and Insurance
Arvato Bertelsmann
Private Shareholders
- -
No. of deals advised* 3 Total value
(R$m) 132,18
Partners
1 Frederico Buosi
1 2 3 Rodrigo Vilardo Vella
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Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Vale - Companhia Vale do Rio Doce
Brazil Mining
Litel Participações, Bradespar, Mitsui & Co, BNDESPar, Elétron
- 5.913,00 -
2 Alpargatas BrazilFashion and Textile
Itaúsa, Cambuhy Investimentos, Brasil Warrant
J&f Investimentos
3.480,00
3 Eldorado Brasil BrazilGlass, Ceramic, Paper, Plastics, Wood and Timber
CA Investment Brasil
fIP florestal 2.686,90 -
No. of deals advised* 8 Total value
(R$m) 12.766,90
Partners
1 3 Alberto Weyland Vieira
1 3 Cláudio Guerreiro
2 Camila Borba Lefevre
2 Marcelo S. Barbosa
3 Helena Domingues Guimarães
Zancan Advogados
Target Country Target Subsector Buyer Seller Value
(R$m) Awards
1 Ourolac Brazil food IndustrySiguler Guff & Company, 2bCapital
- 90,00 -
2 Estre Ambiental Brazil
Waste Management, Pollution and Recycling
Boulevard Acquisition Corp. II
Banco BTG Pactual, Private Shareholders, Angra Partners
- -
No. of deals advised* 2
Total value
(R$m)90,00
Partners
1 2 Jarbas Horta Velloso
1 2 Leandro Luiz Zancan
7Corporate Profiles
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ID: 17965ASBZ Advogados
Adriana Passaro PARTNER [email protected]
Aitan Portela PARTNER [email protected]
Alexandre Gleria PARTNER [email protected]
Alfredo Zucca PARTNER [email protected]
Christian Vieira PARTNER [email protected]
Daniel Ribeiro do Valle PARTNER [email protected]
Decio Daidone JUNIOR PARTNER [email protected]
Felipe Gruber PARTNER [email protected]
Guilherme Amaral PARTNER [email protected]
João Biazzo PARTNER [email protected]
Marcelo Valença PARTNER [email protected]
Maurício de Ávila Maríngolo PARTNER [email protected]
Ricardo Melaré PARTNER [email protected]
Rodrigo Shiromoto PARTNER [email protected]
Sylvia Hossni Ribeiro do Valle CONSULTING PARTNER [email protected]
Team
About Us
Law practice as a means, happiness as a goal. We exist to offer a unique work environment. We encour-
age and invest in the development of our legal team contributing to improving their quality of life.
To help our clients achieve the best results, we are firm in our intent to develop creative solutions,
based upon efficiency, responsibility and excellence.
This is the essence of who we are, enabling us to develop close and long-lasting relationships so we will
never be just another law firm.
Contacts
Profile
ADDRESS Av. Brig. Faria Lima, 4285, 4º andar 04538-133, São Paulo, SP
TELEPHONE +55 (11) 3145 6000
EMAIL [email protected]
WEBSITE www.asbz.com.br
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Practice Areas
· Antitrust
· Arbitration and Mediation
· Commercial Contracts
· Consumer Law
· Corporate
· Insolvency, Restructuring and Debt Recovery
· Investment funds
· Labor
· Litigation, Prevention and Dispute Resolution
· Mergers and Acquisitions
· Project Finance
· Real Estate and Litigation
· Social Security and Executive Compensation
· Tax
· Wealth Management
· Aviation
· Banking
· Credit and Debit Card Industry
· Energy
· Logistic and Cargo Transportation
· Pharmaceuticals
· Retail and Consumer Products
· Sports and Entertainment
Awards
ASBZ’s trajectory is acknowledged by national and international researches, such as Análise 500,
Chambers and Partners, The Legal 500, Who’s Who Legal and Leaders League. We are pleased to be
part of the surveys, covering Brazilian law firms, that are based on opinions of chief legal officers and
managers of the largest companies in the world.
Highlighted Transactions
Target Country Subsector Bidder Seller Amount(BRLm)
Planta Industrial Fábrica de Papel
BrazilPulp and Paper Mills
GGR Covepi Renda Fundo de Investimento Imobiliario
Md Papeis 50,00
Bionexo Brazil E- Marketplace Prisma CapitalFounding Partners and Insight Venture Partners
160,00
Planalto Postura Brazil Egg Industry Hy-Line (Lohman Group) CARfEPE 60,00
Joint Venture Brazil Chemichals Microblend QGP Química Confidential
FIP Bazar BrazilInvestment funds
Private Investors Pedra Azul FIM 100,00
*Advised entities are written in purple
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ID: 7099Baptista Luz Advogados
Luis Felipe Baptista Luz PARTNER [email protected]
Alexandre Freitas PARTNER [email protected]
Pedro Henrique Soares Ramos PARTNER [email protected]
Fabio Pamplona Vidal PARTNER [email protected]
Renato Leite Monteiro PARTNER [email protected]
Rafael S. G. Schlickmann PARTNER [email protected]
Luciana Simões Rebello Horta PARTNER [email protected]
Thaís Hirata de Oliveira PARTNER [email protected]
Jessica Bernstein Heumann PARTNER [email protected]
Cristiano Gimenez PARTNER [email protected]
Team
About Us
Founded in 2004, Baptista Luz Advogados has grown and incorporated new practices and services
to overcome the challenges raised by new business models and technologies. At the same time, the
firm never lost its two fundamental characteristics: innovative clients and commitment to delivering
results.
Practice Areas
Our practices encompass several areas of Business Law. Corporate Law, Tax Law, Commercial
Agreements, Technology Law, Marketing, Intellectual Property, Data Protection, Capital Markets and
Mergers and Acquisitions are our most outstanding practices, where we apply the same quality, focus
and our result-oriented dynamism.
Contacts
Profile
ADDRESS Rua Ramos Batista, 444, floors 2nd, 5th, 7th and 8th São Paulo - BR
TELEPHONE +55 11 3040 7050
EMAIL [email protected]
WEBSITE https://baptistaluz.com.br/
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Highlighted Transactions
Target Country Subsector Bidder Seller
Brasil Telecomunicações Brazil TelecomsClaro Brasil (América Móvil)
Blue Interactive Group
Labi Exames BrazilLaboratory examinations
Marcelo P. Lacerda and Sylvio Alves de Barros Neto
Marcelo Noll Barboza and Otávio Fernandes da Silva Filho
Truckpad Tecnologia e Logística S.A.
Brazil Logistics Daimler-Benz n/a
Clube da Entrega Brazil Technology Clube da Entrega LBS Local S.A.
Genesispar Participações S.A.
Brasil Agribusiness Actis FundHenrique Victorelli Neto and Rodrigo Luz Rodrigues Alves
Liber Capital Ltda.Brazil, Cayman Islands
FintechBrazilian venture capital fund
Eduardo Donadi and Victor Stabile
Dress&Go Ltd. and Dress&Go Aluguel e Venda de Vestuário e Acessórios S.A.
BrazilEcommerce and Technology
W7BZ Holding S.A.Dress&Go Ltd. and Dress&Go Aluguel e Venda de Vestuário e Acessórios S.A.
Dental Sorria BrazilDistribution and Retail
Bunzl Private Shareholders
e-Smart Brazil Internet B2W HiPartners, Private Shareholders
Benjamin Abrahão BrazilDistribution and Retail
Innova CapitalPrivate Shareholders,
Península Participações
Scup BrazilMarketing and Advertising; Internet
Sprinklr Private Shareholders
Dress & Go BrazilLuxury Goods and Services; Internet
Kaszek Venture -
Genesis Group BrazilTechnology; Inspection and Certification
Actis -
Blinks Brazil Internet JWT Private Shareholders
Lavatec Brazil Other Services Lavebras Private Shareholders
Brasil Telecomunicações Brazil TelecomsClaro Brasil
(América Móvil)Blue Interactive Group
Seekr BrazilCostumer Service; Internet
DirectTalk TechCom I
Awards
· Leaders League: Brazil Best Law Firms M&A 2018 Ranking as “notable practice”.
· Leaders League: Brazil Best Law Firms Private Equity 2018 Ranking as “recommended”.
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ID: 3973BMA – Barbosa Müssnich Aragão
Contacts
Profile
START OF ACTIVITY | 1995 N.º OF EMPLOYEES | 501-1000
Paulo Cezar Aragão FOUNDING PARTNER
Francisco Müssnich FOUNDING PARTNER
Plínio Barbosa FOUNDING PARTNER
Luiz Antonio Campos FOUNDING PARTNER
Amir Bocayuva Cunha MANAGING PARTNER
Team
About Us
Founded in the 1990s, when Brazil was under-going structural changes, BMA – Barbosa Müssnich Aragão was inspired by a mission to find innovative solutions that are legally via-ble and sustainable in an environment of rapid development, new regulatory frameworks and new business models in almost all sectors of the economy. Inspired to be a pioneering law firm, ready – and more than able – to take on the big projects and big problems that require sophisti-cated solutions.
An active participant in the privatizations that took place in the 1990s, BMA had achieved a solid reputation and both national and interna-tional recognition even before becoming one
of the leading firms in Brazil in the mid-2000s, when the Brazilian market experienced a wave of IPOs and mergers and acquisitions.
BMA has been present in most of the major M&A transactions in Brazil over the last two decades, participating in the creation of corporate groups that do business around the world. BMA has acquired an impressive stock of know-how in infrastructure projects, especially in the areas of ports, railroads, highways, oil and gas, energy, and telecommunications. The firm also had a major part to play in the 2014 FIFA World Cup, negotiating the contracts that gave Brazil the right to host the event and acting as legal counsel to the local organizing committee.
RIO DE JANEIRO
Av. Almirante Barroso, 52, 31º andar – CentroCEP: 20031-000
TELEPHONE +55 (21) 3824-5800
FAX +55 (21) 2262-5536
WEBSITE www.bmalaw.com.br
SÃO PAULO Av. Pres. Juscelino Kubitschek, 1455,10º andar – Itaim BibiCEP: 04543-011
TELEPHONE +55 (11) 2179-4600
FAX +55 (11) 2179-4597
EMAIL [email protected]
BRASÍLIA SHS Quadra 6 - Conjunto A - Bloco E,19º andar - Complexo Brasil 21 – Asa SulCEP: 70316-902
TELEPHONE +55 (61) 3218-0300
FAX +55 (61) 3218-0315
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BMA’s experienced professionals know that a thorough understanding of our clients’ business objec-tives is essential. BMA works to achieve creative, effective solutions by integrating its specialist teams to ensure a multidisciplinary approach to legal problems.
BMA Inspiração – Inspire to Action
BMA InspirAção is the new model for BMA’s pro bono work. We believe that education, socially-aware
entrepreneurship and culture are the paths that will lead to profound and lasting change in our soci-
ety. BMA InspirAção will focus on these three vectors for change.
We want to generate effective returns for society as a whole, like we do for our clients, and we believe
we can.
BMA Educação – Becoming a BMA Lawyer
BMA EducAção is a school that will help attorneys acquire the skills that every “BMA Lawyer” needs.
The Program focuses on excellence, quality, and providing valuable learning experiences to the firm’s
professionals.
The project is intended to work with BMA’s lawyers and help them develop into professionals whose
qualifications, analytical skills and curiosity never stop growing, who have a multidisciplinary vision
and who are eager to apply the theoretic knowledge they have acquired to creating efficient solutions
to real problems. The objective is to become a true seal of excellence: BMA quality.
BMA Woman
Following the worldwide movement toward women’s empowerment and a more balanced corpo-
rate environment, the project’s objective is to support women’s professional growth within the firm
and provide even more opportunities for internal talent to develop. The project kicked off its activi-
ties with events for BMA’s women lawyers and clients, fostering new professional relationships and
debate on critical issues that affect the daily life of women in business.
Practice areas
· Bankruptcy, Business Restructuring and Insolvency
· Competition
· Corporate and M&A
· Corporate Crime
· Corporate Ethics and Compliance
· Employment Law
· Environmental Law
· Finance and Capital Markets
· Infrastructure and Regulatory & Government Affairs
· Intellectual Property
· International Trade
· Litigation and Arbitration
· Real Estate
· Regulatory Enforcement
· Research
· Superior Courts
· Tax
· Wealth Management and Succession Planning
Highlighted Transactions
Target Country Subsector Buyer Seller Amount(BRLm)
99Taxis Brazil InternetDidi Chuxing
Riverwood Capital, Monashees Capital, Qualcomm Ventures, Tiger Global Management, SoftBank
1.954,00
Itaúsa Brazil Financial and InsuranceFundação Zerrenner
Petros 4.520,00
XP Investimentos
BrazilFinancial and Insurance; Consultancy, Audit and Engineering
Banco Itaú Unibanco
FIP Dyna III, FIP G.A. Brasil IV, XP Controle Participações, Private Shareholders
6.300,00
Cetip Brazil Financial and Insurance B3 - 11.068,99
*Advised entities are written in purple
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ID: 5440Campos Mello Advogados in cooperation with DLA Pipper
Founded with more than 36 years by excellent professionals with legal practice experience, we advise
Brazilian and global companies in Brazil, Latin America, Asia, the US, Europe and Oceania. We have
legal excellence, global presence, full service structure and professional management capable of iden-
tify new opportunities and demands to our clients.
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About Us
Contacts
RIO DE JANEIRO
Rua Lauro Müller, 116 – 25th floorCondomínio do Edifício Rio Sul CenterBotafogo – Rio de Janeiro, RJ Brazil 22.290-906
TELEPHONE +55 21 3262 3000
FAX +55 21 3262 3011
WEBSITE www.cmalaw.com
SÃO PAULO Av. Pres. Juscelino Kubitschek, 360 10th floorVila Nova Conceição – São Paulo, SP Brazil 04543-000
TELEPHONE +55 11 3077 3500
FAX +55 11 3077 3501
NEW YORK 1252 Avenue of the Americas 27th floor (Suite 2873) New York, NY 10020-1104 - USA
TELEPHONE +1 212 335 4541
Other offices
Fabio Campos Mello MANAGING PARTNER [email protected]
Alex Jorge PARTNER Tax area [email protected]
Bernardo Schiller PARTNER Real Estate [email protected]
David Meiler PARTNER Energy - Oil and Gas [email protected]
Fabiano Gallo PARTNER Corporate [email protected]
Juliana Miranda PARTNER White-Collar Crimes, Compliance & Investigation [email protected]
Marcus Bitencourt PARTNER Corporate [email protected]
Mauricio Tanabe PARTNER Labor [email protected]
Roberto Vianna PARTNER Banking and Finance [email protected]
Terence Trennepohl PARTNER Environmental and Life Sciences [email protected]
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With offices in Rio de Janeiro, São Paulo and New York, we operate throughout the national territory
and we have the support of an experienced team of lawyers, specialized in different practice areas
applied to various sectors of the market. As a result, we develop creative, innovative and secure legal
solutions for each matter and client profile.
Our knowledge in peculiarities of each business sector of our clients is essential to create value solu-
tions. And our structure, relatively horizontal, allow our partners to maintain continuous contact with
clients and to know their track record and market.
Since March 2010, we have been working in cooperation with DLA Piper LLP, one of the largest law
firms in the world located in more than 40 countries in all continents (www.dlapiper.com). This strate-
gic relationship is a differentiator for CMA, allowing us to serve our clients and address their strategic
business needs whether they do business in Brazil or abroad.
Practice areas
We offer a broad range of legal business services, with emphasis on the following areas: antidump-
ing; antitrust; banking and project finance; bankruptcy and restructuring; commercial contracts;
compliance/investigation, white collar crime and cybersecurity; corporate and M&A, capital mar-
kets; employment/pensions and benefits; energy; environmental; Life Sciences; intellectual property;
insurance and Reinsurance; litigation and arbitration; projects and infrastructure, Private Wealth, real
estate, regulatory and public law, sports and entertainment, and tax.
Awards
We have been recognized by the leading reference publications available on the Brazilian and Latin
American legal markets, which rank firms and lawyers based on the feedback from companies operat-
ing in Brazil and abroad, such as Chambers Latin America, Chambers Global, IFLR 1000,
Análise 500, The Legal 500, Latin Lawyer, Leaders League, Who’s Who Legal and among others. Our
Real Estate practice has been recognized as band 1 in Chambers Latin America for more than 6 years.
Highlighted Deals
1. Scatec Solar has entered into a deal to build, own and operate four solar photovoltaic plants in
Brazil with a combined capacity in direct current (DC) of 150 MW. Campos Mello Advogados has
assisted Scatec in the due diligence, negotiation of the transaction documents and in corporate
and contractual matters related to the project.
2. Scatec Solar and Statoil have agreed to establish a 50/50 Joint Venture to build, own and operate
large scale solar plants in Brazil. Campos Mello has assisted Scatec in the negotiation of the trans-
action documents as well as in corporate and contractual matters related to the project.
3. Campos Mello Advogados and DLA Piper have advised Chinese state-owned agribusiness
Syngenta on its acquisition of Nidera Seeds, a major player in the South American agricultural market.
4. Acquisition by Bridgepoint of 5àSec Group, the world’s leading laundry and textile care services
group. Campos Mello was part of the M&A team that advised Bridgepoint with the Brazilian por-
tion of the transaction.
5. Sale of a minority participation in General Water S.A., a Brazilian on-site water and sanitation
systems company especially catered to small and mid-size corporates and municipalities in São
Paulo, Brazil, to LGT Impact Ventures.
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ID: 12468Cândido Martins Advogados
Candido Martins was born from a union. A union of dreams. Of values, of purposes. Of ideas and ideals
to build together the best and most specialized mergers and acquisitions firm in Brazil. A union that
worked and has the constant pursuit of excellence in everything we do and in the absolute commit-
ment to the success of our clients
The world of mergers and acquisition is fascinating. And the world of corporate and tax consulting
is becoming more complex by the hour. Together they represent a universe of opportunities, with
risks and challenges that demand more than technical excellence. It is important to reach a custom-
ized unique solution. A solution that is only possible when there exists a close and caring relationship
between attorney and client.
Each individual that make Candido Martins possible is a representative of such thought. Such individ-
ual is a partner to the client at all times. Working with agility, proximity and care, always in the search
of the best result. And each success reinforces our trust, makes us even more united.
A union that is engrained in our most genuine concern of CARE! CARING for the people that work
with us so that they can CARE better for our clients. CARING for our clients so that they can thus
enjoy the best possible results. And, above all, CARE for the Pillars that sustain the long-term rela-
tionships we want to build with all: trust, credibility, security, proximity, flexibility and partnership.
Personalized service: this is what we do at Candido Martins! Count on us to take care of your case.
Practice Areas
Mergers and Acquisitions, Corporate consulting and contracts, private equity, due diligence, tax
planning, consulting and litigation, foreign investment and international contracts, capital Markets,
compliance and corporate ethics and administrative proceedings and arbitration.
Contacts
Profile
ADDRESS Avenida Brigadeiro Faria Lima, 3311, 6th floor04538-133, São Paulo, SP
TELEPHONE +55 (11) 5545 4010
EMAIL [email protected]
WEBSITE www.candidomartins.com.br
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Awards & Recognitions
· The Legal 500 Latin America Leading Individual 2016 (for all partners).
· The Legal 500 Latin America Leading Firm 2016.
· IIFLR 1000 Financial and Corporate Recognised Firm 2017 and 2018.
· LACCA Latin American Corporate Counsel Association Approved
Directory 2017 and 2018 (Henrique Martins).
Mission
Understand the client and take care of his/her case with security and proximity; serve as a legal refer-
ence and constant partner of those seeking the office; be a workplace where people matter.
Vision
To be recognized as a first tier law firm.
Values
Our values are shaped on CARE, knowing the needs of others, listening, understanding, respecting. It
is in the collaboration, cooperation that establishes our synergy. It is in the integrity and knowledge
that govern our decisions.
Highlighted Transactions
Target Country Subsector Buyer SellerAmount
(BRLm)
Casa da Vaca BrazilDistribution and Retail; Agriculture, Agribusiness, Farming and Fishing
Agro Rise Participações
Private Shareholders
-
Solo ATS Participações do Brasil
Brazil food Industry Unilever
Private Shareholders, BR Opportunities
-
Majela Medicamentos
BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics
Elfa Participações e Administração
Private Shareholders
-
Agro100, Agrototal Holding, Nutri 100 Agro
BrazilDistribution and Retail; Financial and Insurance;Agriculture, Agribusiness, Farming and Fishing
Agro ControlPrivate Shareholders
-
BioValens Brazil Chemical and Chemical Materials BiosojaPrivate Shareholders
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ID: 3495Cescon, Barrieu, Flesch & Barreto Advogados
We are the firm of choice for strategic transactions and disputes.
Profile
START OF ACTIVITY | 2001 N.º OF EMPLOYEES | 351 - 500
About Us
Contacts
ADDRESS Rua funchal, 418, 11º andar Edifício Etower 04551-060 São Paulo, SP, Brazil
TELEPHONE +55 11 3089 6500
EMAIL [email protected]
WEBSITE www.cesconbarrieu.com.br
Other offices
RIO DE JANEIRO Praia do Botafogo, 228 Conj. 1501, Ala A – Edifício Argentina. 22250-906 Rio de Janeiro, RJ, Brazil
BELO HORIZONTE Rua Antônio de Albuquerque, 330 sala 1002 Savassi 30112-010 Belo Horizonte, MG, Brazil
BRASÍLIA SH/SULSetor Hoteleiro Sul Quadra 06Conjunto A, Bloco A, Sala 50670316-102 Brasília – DF, Brazil
SALVADOR Avenida Tancredo Neves, 620 Conj. 1522 e 1523 Edifício Mundo Plaza. Caminho das Árvores, 41820-020 Salvador, BA, Brazil
Maria Cristina Cescon PARTNER [email protected]
Roberto Barrieu PARTNER [email protected]
Marcos Flesch PARTNER [email protected]
Maurício Santos PARTNER [email protected]
Ronald Herscovici PARTNER [email protected]
Joaquim Oliveira PARTNER [email protected]
Alexandre Barreto PARTNER [email protected]
Team
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Cescon, Barrieu, Flesch & Barreto Advogados is one of Brazil’s leading law firms. Our lawyers stand-
out for their strong commitment to the representation of our clients’ interests and for their work in
highly sophisticated, groundbreaking matters. Our goal is to be our clients’ law firm of choice for their
most complex legal matters and most strategic transactions and disputes.
Practice Areas
· Antitrust
· Arbitration and Mediation
· Banking and Finance
· Capital Markets
and Regulatory
· Compliance and
Anticorruption
· Corporate Law and
Governance
· Environmental
· Estate Planning
· Fintech
· Government Relations
· Infrastructure
· Insolvency and
Restructuring
· Insurance
· Investment funds
· Labor
· Litigation
· Mergers and Acquisitions
· Private Equity
· Project Finance
· Real Estate
· Tax
· Technology and Intel-
lectual Property
Awards & Recognitions
· Band 1 in M&A in Chambers and Partners for more than 5 years
· “Corporate Law Firm of the Year 2017” by IFLR
· BRL 400bi in M&As in the last 5 years by TTR
· Awarded “Deal of the Year” by Latin Lawyer, in the category Disputes, for the case of Oi S.A
· Awarded “2017 Deal of the Year” by IFLR, in the category Restructuring, for the case of OAS
Highlighted Transactions
Target Country Subsector Buyer Seller Amount(BRLm)
Fibria Celulose BrazilForestry; Glass, Ceramic, Paper, Plastics, Wood and Timber
Suzano Papel e Celulose
Votorantim, BNDESPar
36.700,00
CPFL Energia BrazilElectric Energy; Wind Energy; Biomass
State Grid Brazil Power Participações
Bradespar, Eletropar, Private Shareholders
11.309,91
Vale Fertilizantes BrazilChemical and Chemical Materials
Mosaic BrasilVale - Companhia Vale do Rio Doce
3.711,28
Lote D - Usina Hidrelétrica de Volta Grande
Brazil HydraulicEnel Green Power Brasil Participacoes
Enel 1.419,00
Portonave - Terminais Portuarios De Navegantes
BrazilTransport, Aviation and Logistics
TIL- Terminal Investment Limited
Triunfo Participações
1.300,00
Comgás Brazil Oil and Gas Cosan Limited Shell 1.156,85
Itambé Alimentos Brazil food Industry Grupo Lala CCPR 700
MGO Rodovias Brazil Roads and HighwaysEcoRodovias Concessões e Serviços
Private Shareholders
600
Internacional Shopping Guarulhos
Brazil Distribution and Retail Gazit BrazilGeneral Shopping Brazil
937
Vale Cubatão Fertilizantes BrazilChemical and Chemical Materials
Yara InternationalVale - Companhia Vale do Rio Doce
736,69
*Advised entities are written in purple
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ID: 25088Couto Silva Advogados
Team
About Us
COUTO SILVA ADVOGADOS was conceived as a boutique law firm with expertise in corporate law,
tax law and dispute resolution, where each matter has the direct personal attention of partners.
Formed by professionals with solid academic background, and deep expertise in corporate and tax
law, COUTO SILVA ADVOGADOS values the personal, exclusive and private relationship with clients.
Our extensive experience in mergers and acquisitions, corporate and tax law, allows us to work on
both simple and complex projects, as well as small and large transactions. Our advice takes into
account the business, financial, and strategic environment of our clients. To achieve this level of perso-
nalized approach, the firm handles a limited number of clients and issues.
COUTO SILVA ADVOGADOS has acquired a deep know how in various sectors of the economy,
with emphasis on financial institutions, investment funds, energy, oil, gas, mining, steel, technology,
pharmaceuticals, chemicals, food, beverage, automotive, maritime shipping, aviation, logistics, enter-
tainment, and retail. Practice Areas
Alexandre Couto Silva PARTNER [email protected]
Mario Roballo PARTNER [email protected]
Ricardo Mafra PARTNER [email protected]
Alexandre Mellão CONSULTANT [email protected]
Carolina Ferraz ASSOCIATE [email protected]
Tatiana Zukerman ASSOCIATE [email protected]
Vinicius Elmôr Duarte ASSOCIATE [email protected]
Marjorie Garcia ASSOCIATE [email protected]
Contacts
Profile
START OF ACTIVITY | 2012
ADDRESS 1 Av. Ataulfo de Paiva, 1235 4º andar Leblon - CEP 22440-034 Rio de Janeiro - RJ
TELEPHONE + 55 21 2529.0650
WEBSITE http://www.coutosilva.com.br/
ADDRESS 2 Av. Brigadeiro Faria Lima, 3144 3º andar - Jardim Paulistano CEP 01451-001 - São Paulo - SP
TELEPHONE + 55 11 3568.2805
EMAIL [email protected]
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CORPORATE LAW
COUTO SILVA ADVOGADOS advises compa-
nies and entrepreneurs in various corporate
law issues, including corporate reorganizations,
drafting and negotiation of contracts, as well as
drafting corporate documents, for public compa-
nies, private corporations, or limited partnerships.
MERGERS AND ACQUISITIONS
COUTO SILVA ADVOGADOS’s focus is merg-
ers and acquisitions, business transactions and
sales of equity interests and assets, advising its
clients from preliminary negotiations, through
the execution and supervision of due diligence,
the drafting and negotiation of definitive agree-
ments, until the closing of the transaction and
approval by governmental authorities.
REAL ESTATE M&A
COUTO SILVA ADVOGADOS’s Real Estate M&A
practice is focused on corporate restructuring,
financing and development of projects related
to the acquisition of assets and real estate prop-
erties through M&A transactions, private equity,
corporate restructurings and joint ventures.
LABOR LAW
The firm provides labor law advice to prevent lit-
igation and avoid contingencies. With respect to
labor litigation, the firm acts in both judicial and
administrative proceedings. The litigation efforts
of the firm are focused on cases that involves large
sums of money and can have a relevant impact
on clients, as well as cases that involve strategic
issues, regardless of its financial value.
CAPITAL MARKETS
COUTO SILVA ADVOGADOS advises public
companies and institutional investors on issu-
ance of securities, capital raising, preparation
of Public Offerings, structuring of investment
funds, debt restructuring, project financing, rep-
resentation in administrative proceedings before
the Brazilian Securities Exchange Commission
(CVM), “Conselhinho” (CRSFN), and Brazilian
Central Bank (BACEN).
CONFLICT RESOLUTION
The litigation practice of COUTO SILVA
ADVOGADOS advises clients on business and
non-business litigation, as well as on preven-
tion and amicable resolution of disputes, with
capability to carry out complex negotiations and
arbitrations. COUTO SILVA ADVOGADOS aims
to protect clients’ interests and objectives.
ADMINISTRATIVE LAW
COUTO SILVA ADVOGADOS is prepared to
provide legal advice on administrative law mat-
ters, with especial emphasis on public contracts,
public consortia, public concessions and pub-
lic-private partnerships, bids, expropriations,
administrative prosecution, among others.
TAX LAW
COUTO SILVA ADVOGADOS advises its clients
on all aspects of federal, state, and municipal tax,
consulting in mergers and acquisitions and also
on issues related to routine transactions. The tax
advice includes the maximization of tax savings,
guidance for obtaining federal, state, and munici-
pal tax incentives, mapping of tax incidences, and
tax litigation with tax authorities.
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Altamiro Boscoli [email protected]
Ana Carolina Botto Audi [email protected]
Andoni Hernández COUNSEL IN FOREIGN LAW [email protected]
André Alarcon [email protected]
Edimara Wieczorek [email protected]
Gabriel Kuznietz [email protected]
Gonçalo Godinho [email protected]
João Almeida [email protected]
José Diaz [email protected]
Joyl Gondim [email protected]
Lucas Tavares Bueno [email protected]
Luciana Cossermelli Tornovsky [email protected]
Maria Lúcia de Almeida Prado e Silva [email protected]
Paulo Coelho da Rocha [email protected]
Roberto Portella [email protected]
Thiago Giantomassi [email protected]
Thiago Maia [email protected]
Thiago Sandim [email protected]
M&A Partners
ID: 2760Demarest Advogados
Demarest Advogados was founded almost 70
years ago and has always been renowned for its
strong M&A practice and has been one of the
most active law firms in corporate transactions
in Brazil in recent decades. Demarest is one of
Brazil’s few truly full-service law firms operating
at the top end of the market; the firm’s corporate
/ M&A practice group works closely with the
firm’s market-leading departments in key over-
lapping areas.
Profile
START OF ACTIVITY | 1948 in São Paulo
OFFICES | São Paulo, Campinas, Rio
de Janeiro, Brasília, New York.
N.º OF EMPLOYEES | The firm has a team of 300
lawyers of which are 67 partners. Demarest
has one of the largest M&A practice groups in
Brazil, with 17 partners and 40 associates.
ADDRESS Av. Pedroso de Moraes, 1.201Centro Cultural Ohtake05419-001 São Paulo, SP
TELEPHONE +55 (11) 3356-1800
EMAIL [email protected]
WEBSITE www.demarest.com.br
Contacts
About Us
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Our corporate practice group handles the com-
plete range of corporate work from high-end
M&A, joint ventures and corporate reorganiza-
tions to day-to-day corporate matters for key
clients. Demarest’s corporate department is
renowned for handling some of the market’s
largest and most sophisticated transactions, and
for its business-oriented, practical approach and
creativity in negotiations.
Our main M&A clients
Demarest is also recognised by its ability, ini-
tiative and dedication to provide responsible,
efficient and high quality legal service to all of its
clients doing business in Brazil and abroad. The
firm advises several multinational companies
and largest Brazilian groups in a vast range of
industries, and also banks, private equity, invest-
ments and sovereign funds such as 2bCapital, Abu
Dhabi Investment Council, BB Investimentos, BNY
Mellon, Bradesco BBI, Brookfield, BTG Pactual,
CIC - China Investment Corporation, CREC, CVC
Capital, Darby, Estater, Genworth, GIC – Sovereign
Wealth Fund of Singapore, Global Infrastructure
Partners, Harvard Management Company, HIG,
Itaú BBA, JC Flowers, JP Morgan Chase, KKR,
Lazard, Morgan Stanley, Ohio National Services,
OTPP, Patria, Península, PSP, Quadrant, Rothschild
& Co, Santander, Unicredit, and Vinci.
Our main Practice Areas
Agribusiness, aviation law, banking and finance,
biotechnology, capital markets, competition law,
compliance, contracts, corporate criminal law,
corporate law, corporate restructuring, energy,
environmental, government relations, infrastruc-
ture, insurance and reinsurance, intellectual
property, international trade and customs, labour
and employment, litigation and arbitration, mari-
time law, mergers and acquisitions, mining, oil and
gas, public and regulatory, real estate, social secu-
rity, sports and entertainment, tax.
Foreign desks
Asian, Iberoamerican, German and French.
Highlighted Transactions
Target Country Subsector Buyer Seller Amount(BRLm)
Toshiba Memory Japan ElectronicsBain Capital, SK Hynix, Apple, Dell - EMC, Seagate Technology, Kingston Technology
Toshiba 57.291,32
Unilever's Spreads Business
United Kingdom
food Industry - Unilever 26.872,76
Divisão CropScience GermanyAgriculture, Agribusiness, Farming and Fishing
BASf Bayer 22.062,46
Wirtgen Group GermanySteel, Metallurgy and Industrial Production
John DeerePrivate Shareholders
17.777,62
Abbott Medical Optics
United States
Pharmaceutical, Parapharmaceutical and Cosmetics
Johnson & JohnsonAbbott Laboratories
13.464,35
GE Water & Process Technologies
United States
Water and SanitationCaisse de dépôt et placement du Québec (CDPQ), Suez Environnement
General Electric Company
10.775,40
GE Industrial Solutions
United States
Electronics; Steel, Metallurgy and Industrial Production
ABBGeneral Electric Company
8.237,53
Opel GermanyAutomotive and Recreational Vehicles
PSA GroupeGeneral Motors
8.081,04
Vale - Companhia Vale do Rio Doce
Brazil MiningLitel Participações, Bradespar, Mitsui & Co, BNDESPar, Elétron
- 5.913,00
*Advised entities are written in purple
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ID: 35858Fagundes Pagliaro Advogados
Fagundes Pagliaro Advogados is a law firm founded in 1996. We bring together professionals with
proven experience and technical expertise in areas as Tax Law (Advisory and Litigation), Corporate
Law, Mergers and Acquisitions (M & A), Contractual Law, Financial Market, Private Equity and Venture
Capital, Asset and Estate Planning, Real Estate Law, Central Bank and Agribusiness.
The customized service and the excellence of the rendered services resulted in a consistent and con-
solidated growth of the firm. We have a strong presence in national and multinational companies in
various sectors such as industry, retail, commerce, agribusiness, financial and rendering services, as
well as in small, medium and large family groups and assistance to individuals with different profiles.
In line with this philosophy, Fagundes Pagliaro Advogados provides structure and staff to meet the
needs of its clients with safety, agility, and efficiency.
Profile
START OF ACTIVITY | 31/05/1996 N.º OF EMPLOYEES | 30
ADDRESS Rua Gomes de Carvalho, 1629, 15º andar – CEP. 04547-006 Vila Olímpia – São Paulo/SP
TELEPHONE 011 – 3053-0353
EMAIL [email protected]
WEBSITE www.fplaw.com.br
Contacts
About Us
Bruno Fagundes Vianna PARTNER [email protected]
Marcos de Carvalho Pagliaro PARTNER [email protected]
Leonardo Tonelo Gonçalves PARTNER [email protected]
Mariana Nalin Ferro Pinheiro PARTNER [email protected]
Alexandre de Barros Rodrigues PARTNER [email protected]
Aline Helena Gagliardo Domingues PARTNER [email protected]
Team
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Practice Areas
· Agribusiness
· Brazilian Central Bank
· Contracts
· Real Estate
· Corporate
· Tax Advisory
· Tax Litigation
· Mergers & Acquisitions
· Financial Market
· Wealth Management
· Private Equity and Venture Capital
International memberships
· CCFB (France-Brazil Chamber of Commerce)
· CCBC (Brazil-Canada Chamber of Commerce)
· IBEF (Instituto Brasileiro de Executivos de Finanças)
Awards
· IFLR 1000 – Recommended Firm 2018
· Análise Advocacia - Most Admired Lawyers and Law Office 2017
Highlighted Transactions
Target Country Subsector Bidder Seller
Adespec Adesivos Especiais S.A
BrazilAdhesives and sealants
Saint- GobainAdespec Adesivos Especiais S.A
Agrinvest Brasil BrazilAgricultural Commodities
BROOKfIELD Group. Agrinvest Brasil
Momento Engenharia Ambiental S.A.
BrazilEnviroment Enginering
VEOLIA group, a multinational company with presence on five continents and global revenue higher than € 24.39 billion
Shareholders of MOMENTO ENGENHARIA AMBIENTAL S.A
Hinove Agrociencia S.A BrazilFertilizer Agribusiness
Shareholders of the control group
Minority Shareholders
Agrinvest Brasil BrazilAgricultural Commodities
Sierentz Agro Sàrl e Sierentz Agro Brasil Participações Ltda.
Touchet Finance LLC
*Advised entities are written in purple
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ID: 17322Hapner Kroetz Advogados
Hapner Kroetz is one of the Brazil’s south region leading law firms and has over 40 lawyers and con-
sultants. Hapner Kroetz has a wide-ranging practice and acts for a broad variety of international and
domestic clients. Its areas of specialization include international and domestic business and corporate
transactions, mergers and acquisitions, corporate finance, project finance, real estate transactions
and forest investments, taxation, labor law, administrative law, including oil and gas, energy, mining
and telecommunications law, commercial litigation and arbitration. Its industries of expertise include,
among others, agribusiness, automotive, aviation, consumer products, chemical, construction and
infrastructure, energy, financial services, health care, logistics, oil and gas, real estate, timberland,
life sciences, and technology, media and telecommunications. In the corporate area, the firm provides
Profile
START OF ACTIVITY | 1994 N.º OF EMPLOYEES | 101-200
ADDRESS Rua Lysimaco Ferreira da Costa, 8080530-100 Curitiba, PR
TELEPHONE +55 41 2106 7900
EMAIL [email protected]
WEBSITE www.hapnerkroetz.com.br
Contacts
About Us
Carlos Eduardo Manfredini Hapner PARTNER [email protected]
Rodrigo Costernaro Cavali PARTNER [email protected]
Fabiola Pollatti Cordeiro PARTNER [email protected]
Anne Caroline Marciquevik Alves SENIOR ASSOCIATE [email protected]
Christiany Scarton ASSOCIATE [email protected]
Luize Mazeto ASSOCIATE [email protected]
Tarcísio Araujo Kroetz PARTNER [email protected]
Fabio Artigas Grillo PARTNER [email protected]
Ana Paula Kroetz de Oliveira SENIOR ASSOCIATE [email protected]
Loraine Bender SENIOR ASSOCIATE [email protected]
Eduardo Vianna Bertola ASSOCIATE [email protected]
Roberto Ramos Bacellar ASSOCIATE [email protected]
Team
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advice on the formation of business entities and corporate reorganizations, mergers and acquisitions,
private equity and venture capital investments and divestitures, joint ventures and other business
associations, and international investments..
Practice Areas
Hapner Kroetz is engaged in several areas of business law, including banking and finance, commercial
contracts, corporate and M&A, dispute resolution, environmental, governmental affairs, infrastruc-
ture and regulatory, labor, real estate and tax.
Awards
Hapner Kroetz and its partners and associates are ranked in Chambers & Partners Latin America and
Análise Advocacia 500.
Highlighted Transactions
Target Country Subsector Bidder Seller Amount(BRLm)
Stora Enso Arapoti
Brazil Pulp and Paper Papeles Bio Bio Stora Enso and Arauco Brasil 59,67
Norske Skog Pisa
Brazil Pulp and Paper Papeles Bio Bio Norske Skogindustrier 185,06
Rondinha Energética
Brazil Electric Energy FIP Pirineus Atlantic Energias Renováveis ND
Trade Energy Brazil Electric Energy Tradener Private Shareholders 11,00
Mobasa Brazil forestryRio Negrinho Participações
Battistella Indústria e Comércio 175,00
florestal Vale do Corisco
Brazil forestry Centaurus HoldingUBS Sedco Sharia Timber Investors Jaguar and Global Timber Investors Jaguar
843,03
Norske Skog florestal
Brazil forestry Florestal Aliança Norske Skog Pisa 100,00
Masisa Madeiras
Brazil Timber Industry Florestal Itupiranga Masisa Brasil 165,46
Nuvital Brazil food Industry Iberoquímica Private Shareholders 10,00
Famastil Brazil Retail foxlux Famastil Prat-K 8,50
*Advised entities are written in purple
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ID: 5372Lobo de Rizzo Advogados
Alexandre Siciliano Borges [email protected]
Ana Paula Miguel [email protected]
Daniella Tavares [email protected]
Eduardo Martinelli Carvalho [email protected]
Fabio Medeiros [email protected]
Fabrizio de Oliveira Sasdelli [email protected]
In Hee Cho [email protected]
José Orlando A. Arrochela Lobo [email protected]
Leonardo Batista [email protected]
Luis Fernando Guerrero [email protected]
Marcelo Bez Debatin da Silveira [email protected]
Marco La Rosa de Almeida [email protected]
Maria Carolina Bachur [email protected]
Mariana Miranda Lima [email protected]
Milton Pinatti [email protected]
Otávio Lucas Solano Valério [email protected]
Regina Gasulla Bouza [email protected]
Rodnei Iazzetta [email protected]
Rodrigo Delboni Teixeira Managing Partner [email protected]
Rodrigo Millar de Castro Guerra [email protected]
Rodrigo Roso [email protected]
Sergio Varella Bruna [email protected]
Valdo Cestari de Rizzo [email protected]
Partners
About Us
We are a law firm frequently involved in transactions and disputes, representing companies from various
business sectors, whether they are already operating in Brazil or exploring opportunities in the country.
Since our foundation, in 2007, we have continued with our main strategy: to build partnerships.
We are rooted in a team of over 100 lawyers whose main focus is to deliver a premium service.
Contacts
Profile
START OF ACTIVITY | 2007 N.º OF EMPLOYEES | 101-200
ADDRESS 1 Av. Brigadeiro Faria Lima, 3.900, 12rd floor - Itaim Bibi São Paulo, SP
TELEPHONE +55 (11) 3702-7000
WEBSITE www.loboderizzo.com.br
ADDRESS 2 Rua Lauro Muller, 116 – 42th floor Sala 4205 - Torre do Rio Sul Rio de Janeiro, RJ
TELEPHONE +55 (21) 3299-7100
EMAIL [email protected]
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The continuing praise received in the most renowned legal publications reflects the opinion of the
market on the excellence of our service, the quality of our lawyers and the friendly approach with
our clients.
Practice areas
· Competition and Antitrust
· Corporate, Mergers
and Acquisitions
· Dispute Resolution
· Environmental
· Finance and Capital Markets
· Infrastructure
· Intellectual Property
· Labor
· Public Law
· Real Estate
· Tax
Highlighted Transactions
Target Country Subsector Buyer Seller Amount(BRLm)
King Food, Good Food, Fast Burger
Brazil Food and Beverage BK Brasil Private Shareholders 393,10
Centro Universitário da Serra Gaúcha, Veritas Educacional a Participações
Brazil EducationGrupo Cruzeiro do Sul Educacional
FIP Veritas 340,00
Ultrafertil BrazilTransport, Aviation and Logistics
Vale - Companhia Vale do Rio Doce
Private Shareholders 499,22
Negócio de Água Brazil Food and BeverageNestlé Waters, Grupo Edson Queiroz
- -
TCP Participações BrazilTransport, Aviation and Logistics
Kong Rise
Advent International (Global), APM Terminals, Grupo Nogar, TUC Participações Portuárias, Soifer Participações, Pattac Empreendimentos e Participações
2.891,25
Sullab Diagnósticos BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics
LGKA I fIP Private Shareholders -
GDL Gestão de Desenvolvimento em Logística
BrazilTransport, Aviation and Logistics
Tegma Gestão Logística, Holding Silotec
- -
Vale Fertilizantes BrazilChemical and Chemical Materials
Mosaic BrasilVale - Companhia Vale do Rio Doce
3.711,28
*Advised entities are written in purple
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ID: 5542Loeser e Portela Advogados
Contacts
Profile
Fernando Loeser PARTNER [email protected]
Lilian C. Lang SENIOR ASSOCIATE [email protected]
Enrique Tello Hadad PARTNER [email protected]
Rita Nader SENIOR ASSOCIATE [email protected]
Eric Fernandes SENIOR ASSOCIATE [email protected]
Team
About Us
Loeser e Portela Advogados was born with a natural vocation to the Business Law field, due to
the solid prior experience of its founder partners in the practice of tax consultancy.
Besides acting in the most important Brazilian legal and business centers, Loeser e Portela
Advogados maintains a close relationship with correspondent Law firms abroad, which
ADDRESS Av. Francisco Matarazzo, 1400, 15th floor, Torre Milano, Água Branca, CEP 05001-903. São Paulo
TELEPHONE +55 (11) 3879-2800
EMAIL [email protected]
WEBSITE www.loeserportela.com.br
Other offices
BRASÍLIA SH/Sul, Ed. Business Center Tower, Q.06, Conj. “A”, Bl. “C”, Salas 1312 e 1313 - Asa SuCEP: 70316-000
TELEPHONE +55 (61) 3321-6021
EMAIL [email protected]
RIO DE JANEIRO Rua do Russel, 804, 6th floor Ed. Manchete - CentroCEP: 22210-907
TELEPHONE +55 (21) 2210-3138
EMAIL [email protected]
CAMPINAS Rua José Pires Neto, nº 314, Conj. 61 - Piazza Affari - Cambuí - Campinas – SP CEP: 13025-170
TELEPHONE +55 (19) 3295-5201
EMAIL [email protected]
START OF ACTIVITY | May 5th, 1989 N.º OF EMPLOYEES | 90
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enables it to render legal services that fully meet the complex challenges of globalization and to provide
complete solutions for the legal structuring of its clients’ businesses in the world’s leading jurisdictions.
Loeser e Portela Advogados’ customized client approach, alongside with the firm’s constant search
for the best form of applying legal knowledge to modern business dynamics, provides the basis for the
creative and innovative solutions that Loeser e Portela Advogados offers to its clients.
For these reasons, Loeser e Portela Advogados’ clients portfolio includes several local and inter-
national clients, which represent a wide range of business sectors, such as financial institutions,
manufacturers, retail companies, services in general, public utilities, information technology and tele-
communication, served by professionals specialized in various fields of practice.
Practice Areas
· Tax Law
· Corporate Law
· Mergers and Acquisitions
· Contracts
· Project Finance
· Foreign Investments
· Judicial and Adminis-
trative Litigation
· Immigration
· Infrastructure
· Real Estate Law
· Labor Law
· Commercial and Civil Law
· Succession Planning
Awards
Acknowledged as one of the most admired law firms in the banking and international trade sectors in the
Análise Advocacia 500 magazine, issue 57, year 2016, as well as in the tax practice area in the year 2017.
Highlighted Transactions
Target Country Subsector Bidder Seller Amount(BRLm)
Adecol Indústria Química Ltda.
Brazil Chemicals H.B. Fuller Brasil Ltda. Individuals ND
Costapacking Indústria e Comércio de Plásticos Ltda.
BrazilManufacturer of rigid plastic packaging
Plastek do Brasil Indústria e Comércio Ltda.
Individuals ND
Bela Ischia Alimentos Ltda. Brazil Food and Beverage Britvic Brasil Holdings S.A. Individuals 218
Compahia Metalic Nordeste BrazilMetal packaging and metal products
Can Pack S.ACompanhia Siderurgica Nacional (CSN)
ND
VPN Administração e Participações S.A. e demais empresas do grupo
Brazil Dental MaterialsDentsply Indústria e Comércio Ltda.
Individuals 200
Injeplastic Injeção e Comercialização de Plásticos Ltda.
Brazil Automotive Seoyon Intech Co. Ltd. Grupo Trambusti ND
Entringer Industrial S.A BrazilSilos for grains, seeds, dryers and others
AGI do Brasil Comércio de Equipamentos e Montagens Ltda.
Individuals ND
40% of the corporate capital of Car10 Tecnologia e Informação S.A.
BrazilTechnology Solutions
JR3 Participações Ltda. Individuals ND
Prakolar Rótulos Auto-adesivos S.A.
Brazil Auto labels StickersSato Holdings Corporation
Individuals 75
Interfeiras Eventos Ltda BrazilOrganization of Fairs
Koelnmesse Organização de Feiras Ltda.
Individuals ND
Facon Construção e Mineração S.A.
Brazil Mining Services Vale Fertilizantes S.AFagundes Construção e Mineração S.A.
200
*Advised entities are written in purple
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ID: 2780Machado Meyer
Contacts
José Roberto de Camargo Opice NAME PARTNER [email protected]
Moshe Boruch Sendacz NAME PARTNER [email protected]
Guilherme Bueno Malouf PARTNER AND HEAD OF PRACTICE [email protected]
Adriana Pallis PARTNER [email protected]
Mauro Cesar Leschziner PARTNER [email protected]
Arthur B. Penteado PARTNER [email protected]
Apoena Joels PARTNER [email protected]
Gabriela Falcão Vieira PARTNER [email protected]
Renato Gomes Ribeiro Maggio PARTNER [email protected]
Thiago Spercel PARTNER [email protected]
Elie J. Sherique PARTNER [email protected]
Luciana Costa Engelberg PARTNER [email protected]
Ivandro Maciel Sanchez Junior PARTNER [email protected]
José Ribeiro do Prado Jr. PARTNER [email protected]
Team
About Us
We have been building our history for more than 45 years, inspired by sound ethical principles, the
technical skills of our professionals, and a close relation with our clients. We are ranked as one of the
major law firms in Brazil, with over 750 professionals.
Our focus: business. We provide innovative legal solutions that anticipate scenarios and make
business possible. In other words, we work to offer intelligent legal solutions that contribute to the
business growth of our clients and transform realities.
Our human capital qualifies and helps us to serve large Brazilian and multinational companies,
including 8 of 10 largest Brazilian groups. We are always working to establish a partnership that is
built with day-to-day interaction, empathy, and our commitment to our clients and employees.
ADDRESS 1 Av. Brigadeiro Faria Lima, 3144 11th floor, 01451-000, São Paulo, SP
TELEPHONE +55 11 3150-7000
EMAIL [email protected]
WEBSITE www.machadomeyer.com
ADDRESS 2 110 East 55th Street 10th floor CEP 10022 - New York, NY, USA
TELEPHONE (1) 212 784 8802
EMAIL [email protected]
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Practice Areas
· Aviation and shipping
· Banking, insurance and finance
· Capital markets
· Compliance and integrity
· Competition and antitrust
· Contracts and complex negotiations
· Corporate
· Crisis management
· Environmental
· Financing and infrastructure projects
· Intellectual property
· Labor and employment
· Litigation, arbitration and dispute resolution
· M&A and private equity
· Media, sports and entertainment
· Public and regulatory law
· Real estate
· Restructuring and insolvency
· Special desks
· Social security
· Succession planning
· Tax
Awards
· Latin Lawyer Deal of the Year 2018: recognized for the restructuring of Odebrecht Óleo e Gás, deal
· awarded on the “Restructuring” category of the edition.
· Chambers and Partners Latin America 2018: leading firm in 22 practice areas, with 44 ranked lawyers.
· Chambers and Partners Global 2018: leading firm in 11 practice areas, with 27 ranked lawyers.
· International Financial Law Review 2017: elected “Banking and Finance Law Firm of the Year in Brazil”.
· Americas Women in Business Law (Euromoney) 2017: elected “Best gender diversity initiative by
national firm” and “Best national firm for talent management” in Brazil.
· The Legal 500 2017: recognized as a top tier firm in five areas in Brazil.
· GCR Awards 2017: recognized in the “Merger control matter of the year” category for assisting
Teva’s purchase of Allergan’s generics unit.
Highlighted Transactions
Target Country Subsector Bidder Seller Amount
Elektro Holding (business combination)
Brazil Energy Neonergia Iberdrola Energía S.A. Confidential
Votorantim Siderurgia BrazilSteel and Metallurgy
ArcelorMittal Brasil Votorantim S.A. Confidential
Assets of Petróleo Brasileiro S.A. – Petrobras (business combination)
Brazil Oil and Gas Total Petróleo Brasileiro S.A. – Petrobras
USD 2,2bn
Cruzeiro do Sul Educacional S.A
Brazil EducationGIC Special Investments Pte. Ltd.
Actis, Naddeo family, FIP Alfa 7 and 1 D2HFP FIP
Confidential
Hamburg Süd (HSDG) Germany TransportationMaersk/ Maersk Line
Dr. Oetker, Getränke, Dr. Crato Gesellschaft and Columbus
EUR 3,7bn
Nova Fronteira Bioenergia (merger)
Brazil Bioenergy São MartinhoPetróleo Brasileiro S.A. – Petrobras
USD 133m
Portonave - Terminais Portuarios de Navegantes
Brazil ShippingTIL- Terminal Investment Limited
Triunfo Participações BRL 1,3bn
99 Taxis (investment)
BrazilTechnology and Transportation
DiDi Chuxing, Riverwood Capital, Qualcomm, Monashees and Tiger
99 Taxis USD
100m
Bayer's CropScience division
GermanyConsumer Goods and Services
BASf S.A BayerEUR
5,9bn
Farmoquímica and Divcom (business combination)
BrazilPharmaceutical and Health Care
Farmoquímica Divcom Pharma Confidential
*Advised entities are written in purple
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ID: 117476Machado Nunes Advogados
Contacts
Renato Nunes FOUNDING PARTNER [email protected]
Rafael Younis Marques FOUNDING PARTNER [email protected]
Teresa Gutierrez FOUNDING PARTNER [email protected]
Team
About Us
The firm has a strong business-oriented culture spread throughout its professionals, aimed at foster-
ing its clients’ businesses. Based on that, the firm’s purpose is to transform the legal practice in Brazil
into a tool that multiplies results, treating people like people.
The firm and its founding partners have been assisting for many years the leading players of the
healthcare and related industries (hospitals, laboratories, medical devices and equipment, surgical
consumables, pharmaceuticals, amongst others), including the main corporate associations.
The in-depth knowledge of the particularities of such sector and the consistent and fruitful relation-
ships with industry leaders make the firm have clear differentials with deals in the healthcare sector.
Practice Areas
· Corporate M&A
· Private Equity and Venture Capital
· Tax Consultancy and Litigation
· Corporate and Finance
· Healthcare Regulations
· Infrastructure
· Compliance
· Contracts
· Labor and Employment
· Litigation and Dispute Resolution
ADDRESS Rua Oscar Freire, 379, 9º andar São Paulo – SP – Brazil
TELEPHONE +55 11 3066 7100
EMAIL [email protected]
WEBSITE www.machadonunes.com.br
Profile
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Highlighted Transactions
Target Country Subsector Bidder Seller
Careglove Malaysia Manufacturing Descarpack Careplus
Residencial Santa Catarina
Brazil Healthcare Cora/Brasil Senior LivingAssociação Congregação de Santa Catarina (ACSC)
Hospital Villa Lobos Brazil Healthcare Rede D’or São Luiz Individual owners
Pró-Criar Brazil Healthcare Huntington/EuginIndividual owners and FIR Capital
Hospital Santa Isabel Brazil HealthcareAssociação Congregação de Santa Catarina (ACSC)
Sociedade Divina Providência
Radioterapia Botafogo Brazil Healthcare Oncoclínicas Individual owners
MC-1 Brazil Technology G5 EvercoreTreecorp fundo de Investimentos
Wine in Black GmBH Germany E-commerce Individual Investor Project-A
Iclinic Brazil Technology Individual Investor Individual owners
Hospital São José e Maternidade Chiquinha Gallotti
Brazil HealthcareAssociação Congregação de Santa Catarina (ACSC)
Sociedade Divina Providência
*Advised entities are written in purple
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Contacts
Profile
About Us
Promoting an ethical environment in business and investing in training people are two of the great
challenges of our time. An increasingly integrated world, with ever more advanced technologies,
requires that any organization stand for transparency, tolerance for diversity, and respect for differ-
ences, companies, and people.
Madrona Advogados was launched with that spirit. With a focus on corporate law, mergers and acqui-
sitions, capital markets, financial law, and infrastructure, in addition to a strong performance in tax,
real estate, civil litigation, and labor law, our motivation is to understand our time, invest in people,
and work so that our clients reach their goals, always with ethics and responsibility.
START OF ACTIVITY | 2015 N.º OF EMPLOYEES | 100 – 200 – With a team
of 11 partners and more
than 90 legal professionals
(including trainees)
SÃO PAULO Avenida Brigadeiro Faria Lima, 3064 – 11st floorZIP Code 01451-000São Paulo, SP, Brazil
TELEPHONE +55 (11) 4883-8750
EMAIL [email protected]
BRASÍLIA SHIS QL 24, conjunto 01Casa 01 - Lago SulZIP Code 71665-015Brasília, DF, Brazil
TELEPHONE +55 11 (61) 3222-2295
WEBSITE www.madronalaw.com.br
ID: 41365Madrona Advogados
Ricardo Madrona PARTNER [email protected]
José Luis Camargo Jr. PARTNER [email protected]
Juliano Rotoli Okawa PARTNER [email protected]
Igor Nascimento de Souza PARTNER [email protected]
Rosane Menezes Lohbauer PARTNER [email protected]
Marcelo Cosac PARTNER [email protected]
Milena Coimbra Mazzini PARTNER [email protected]
Danilo Mininel PARTNER [email protected]
João Carlos Duarte de Toledo PARTNER [email protected]
Eduardo Tristão PARTNER [email protected]
Nair Veras Saldanha PARTNER [email protected]
Team
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With a team of eleven partners and more than ninety legal professionals with great experience
and recommended by several national and international publications, the members of Madrona
Advogados are aligned with the principles and objectives that we set out to achieve. We want to be
among the most admired firms and seek to be a reference to our peers, associates, and employees. Our
greatest challenge is to grow sustainably, keeping our focus on our team’s high technical quality and
ethical standards – provide our clients with excellent service is the outcome.
Practice Areas
Mergers and Acquisitions, Corporate, Contracts, Corporate Governance, Succession and Estate
Planning, Banking and Finance, Capital Market, Infrastructure, Regulatory and Public Law, Energy,
Environmental Law, Project Finance, Tax Law, Real Estate, Civil Litigation, Mediation and Arbitration,
Credit Recovery, Bankruptcy, and Reorganization, Antitrust & Competition Law, Agribusiness, Labor
Law, Compliance and Intellectual Property
International memberships
Exclusive representative in Brazil of Interact Law
Awards
· Recommended by the 2018 Global Edition in the Corporate and Mergers and Acquisitions areas by
Chambers & Partners.
· Recommended by the 2018 Latin America Edition in the Public Law, and Corporate and Mergers
and Acquisitions areas by Chambers & Partners.
· Recommended in the Corporate and M&A, Project finance & infrastructure, Tax and Capital Mar-
kets areas in 2018 by Latin Lawyer 250.
· Recommended by the 2017 edition of Análise Advocacia 500 as one of the most admired in areas
of Corporate, Commercial Contracts, Financial Transactions and Infrastructure & Regulatory and
by economic sectors: Energy, Steel & Mining, Pharmaceutical, Paper & Pulp, Foods, Beverages &
Tobacco, Banks, Financing, Machinery & Equipment, Insurance and Technology.
Highlighted Transactions
Target Country Subsector Bidder Seller Amount(BRLm)
Laboratório Deliberato de Análises Clínicas Ltda.
Brazil Health CareDiagnósticos da América S.A.
- -
Starbucks Brasil Comércio de Cafés Ltda.
Brazil Food and drink producers SouthRock CapitalStarbucks Corporation
-
Mãe Terra BrazilOrganic and natural food products
Unilever - -
Vallée S.A. Brazil Animal Health MSD Saúde Animal - 1.390,00
Comrade United States IT CI&T - -
Trend Group Brazil Leisure and tourism CVC Brasil - 258,00
Pearson UKEducational products and services
Log & Print Gráfica e Logística S.A.
- -
Agro 100 e da Nutri 100 Brazil Agricultural supplies Aqua CapitalAgrototal Holding S.A.
-
IPC - Instituto Paulista de Cancerologia Ltda.
Brazil Health CareHospital Bandeirantes S.A.
- 28,00
Bivaco Holding S.A. BrazilOnline platform that facilitates peer-to-peer lending
PagSeguro (UOL) - -
*Advised entities are written in purple
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ID: 65091Marlos Nogueira
Contacts
Profile
Marlos Nogueira FOUNDING PARTNER [email protected]
Leonardo Xavier PARTNER [email protected]
Rodrigo Péclat PARTNER [email protected]
Stanley Borges PARTNER [email protected]
Team
About Us
With nearly two decades of experience in the field of Mergers and Acquisitions, MN>an is consistently
focused on businesses, strategic investments, corporate governance and cross border transactions.
Our distinctive way in advising and assisting our Clients helped us consolidating the tradition and
credibility we attained through the years. But being always one step ahead and in actual touch with
the leading thought is what really drives MN>an to the future as a law firm.
We fathom business strategies as a means to attain the values of the New Economy, which combines
the concepts of justice, sustainability and democracy to innovate in the process of building coopera-
tive, ethical and growth-oriented enterprises and solutions.
In addition to regarding both the law and the new technologies as fundamental tools to enable positive
change in the business environment, we seek to strengthen the humane qualities of our team, upon
which we rely to implement this mindset of fresh ideas that lead to practical solutions for our Clients.
Thus, MN>an’s core purpose is to provide advice and expertise to Clients that seek not only to be pre-
pared, but also to take on a decisive role in this challenging scenario faced by corporations.
ADDRESS Av. Dep. Jamel Cecílio, 2690, Metropolitan Business, Torre Tokyo, sls. 1301 a 1304, Jd. Goiás, 74.805-100 Goiânia, Goiás, Brazil.
TELEPHONE +55 62 3093-3322
EMAIL [email protected]
WEBSITE marlosnogueira.com
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What We Do
· Corporate Legal Projects: we counsel both public and private acquirers and targets in strategic
investments (including private social investments).
· Legal Negotiations: we advise our Clients in M&A transactions and also handle legal mediations
and corporate litigations, always having in mind the business sustainability and the stability of the
relations among corporate players.
· Legal Advisory: we offer legal support in corporate restructurings, asset protection and asset
management (personal and corporate), applying a 360-degree approach to the various aspects of
these operations, such as corporate law, contract law, tax law, agribusiness and environmental law,
regulatory law and intellectual property law.
· Corporate Strategy: we offer advice on corporate governance aspects, pointing out legal alter-
natives to enhance their position in a global business environment, which increasingly enforces
accountability, sustainability, ethic and transparency.
Highlighted Transactions
Target Country Subsector Bidder Seller Amount(BRLm)
Leitbom BrazilDairy Foodstuff (Wholesale)
GP InvestimentosPrivate Shareholders
450
Brasal S/A Brazil
Real Estate, Automobile Dealership, Propellants and Beverages (Retail)
Management BuyoutPrivate Shareholders
ND
Proguarda BrazilSurveillance and Private Security
Management BuyoutPrivate Shareholders
ND
Resíduo Zero BrazilDistribution, Cleaning, Services, Recycling
Via Solo Engenharia Ambiental
Private Shareholders
ND
Quick Logística e Quick Armazéns Gerais
BrazilDistribution, Transportation, Aviation, Logistics
JSL S/APrivate Shareholders
130,7
Pneulândia Comercial BrazilCar Repair, Shops, Automobile Tires (Retail)
Management BuyoutPrivate Shareholders
ND
King Food S/A, Good Food S/A, Fast Burger S/A
Brazil fast food Burger King BrasilPrivate Shareholders
393,1
*Advised entities are written in purple
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ID: 2782Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados
Contacts
Profile
About Us
Mattos Filho is structured to provide services to clients in different legal areas in a coordinated
and integrated manner, working in multidisciplinary teams whenever necessary. This work dynamic
allows the firm to deliver tailor-made solutions to their clients, thereby enhancing the understand-
ing of their business and making them a valuable partner. Mattos Filho is a leader in approximately
30 different practice areas and work continuously to ensure that all these practices are benchmarks
for the market. Creation of industry groups and market niches, combined with the firm’s comprehen-
sive knowledge of the market and clients’ business needs, are examples of efforts to keep them at the
forefront in providing legal services. The firm represents domestic and foreign companies, financial
institutions, investors, multilateral agencies, investment funds, pension funds, insurers and reinsurers
and non-profit organizations.
START OF ACTIVITY | September/1992 N.º OF EMPLOYEES | 498 lawyers, including
88 partners
ADDRESS Al. Joaquim Eugênio de Lima, 447 CEP: 01403-001. São Paulo, SP
TELEPHONE +55 11 3147 7600
EMAIL [email protected]
WEBSITE http://www.mattosfilho.com.br
Other offices
RIO DE JANEIRO Praia do Flamengo, 200 – 11º andar Rio de Janeiro, RJ CEP: 22210-901
TELEPHONE +55 21 3231 8200
BRASÍLIA SHS Q. 6 Conjunto A, Bl. C S. 1901 Brasília, DF CEP: 70316-109
TELEPHONE +55 61 3218 6000
NEW YORK 34 East 51st Street, 12th floor New York, NY 10022 U.S.A.
TELEPHONE +1 646 695 1100
LONDON 5th floor, 32 Cornhill London UK EC3V 3SG
TELEPHONE +44 (0)20 7280 0160
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Practice Areas
· Antitrust
· Banking and Finance
· Business Public Law
· Capital Markets
· Charities, Social business and Human rights
· Compliance and Corporate Ethics
· Corporate/M&A
· Environmental
· forestry Investments
· Infrastructure
· Insurance, Reinsurance and Pensions
· Intellectual Property
· Labor and Employment and
Executive Compensation
· Life Sciences and Healthcare
· Litigation and Arbitration
· Management Services and Investment Funds
· Oil and Gas
· Private Client
· Public Affairs
· Real Estate
· Restructuring and Recovery
· Tax
· Telecommunications and
Information technology
· White Collar Crime
Awards
Chambers Latin America
· Latin America Law Firm of the Year in 2007 and 2015.
· Brazil Law Firm of the Year in 2012, 2013, 2016 and 2017.
Recognized as Elite Firm by Latin Lawyer Elite
IFLR 1000
· National Law Firm of the Year in 2007, 2010, 2011, 2014 and 2017.
One of the law firms highlighted in Brazil by the The Legal 500 annual survey
LACCA
· Leading Law Firm in “Who Represents Latin America’s 100 Largest Companies?” since 2012.
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ID: 7967MNA – Miguel Neto Advogados
Contacts
Profile
About Us
We are one of the premier mid-size firms in São Paulo, Brazil with a proven track record going back 27
years. Our highly-qualified professionals, many of whom have earned degrees and have international
experience abroad, provide our clients with a full range of top-notch legal services including the han-
dling of complex international cross-border transactions (foreign direct investments, joint-ventures,
mergers and acquisitions) and disputes (litigation, arbitration) to specialties involving complex financ-
ings, insolvencies, tax, labor, environmental, antitrust, administrative law, estate planning, real estate,
corporate governance and compliance, among others.
We pride ourselves as being a law firm that has cultivated an international outlook from the beginning,
given the high number of global clients and international matters that our firm has been involved in
over the years. To that end, we are one of the very few firms in Brazil and Latin America overall that
has within our team an experienced American lawyer (admitted in New York) who has worked for
top international firms and has more than 20 years of experience in handling a wide range of matters,
from cross-border and international M&A and foreign direct investment to resolving cross-border
START OF ACTIVITY | 1990 N.º OF EMPLOYEES | 65
ADDRESS R. Fidêncio Ramos, 308, 2° andar – Vila Olímpia. São Paulo, SP
TELEPHONE (11) 5502-1200
EMAIL [email protected]
WEBSITE www.mnadv.com.br
Antonio Farroco PARTNER [email protected]
Bruno Guarnieri PARTNER [email protected]
Decio Andrade PARTNER [email protected]
J. A. Miguel Neto PARTNER [email protected]
José Mauricio C. Abreu PARTNER [email protected]
Maria Sylvia de Toledo Ridolfo PARTNER [email protected]
Mark M. Cho SENIOR FOREIGN COUNSEL [email protected]
Team
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disputes. It is our goal and strive to provide our clients with high-quality work product that is in line
with international standards instead of just local standards, and in the most prompt, practical and
cost-effective manner.
Moreover, our global reach and service to our clients extend outside of Brazil as we are members of
consolidated partnerships with other top firms all around the globe, including firms in the US, Europe,
Asia, and Latin America. Therefore, we work closely with the best partner law firm groups worldwide.
Being a member of such outstanding worldwide network means that we can take on local and interna-
tional mandates with the same high-level efficiency and outstanding service around the globe.
Practice Areas
· Administrative and
Regulatory Law
· Antitrust and Fair Trade
· Arbitration and Mediation
· Complex Agreements
· Corporate
· Corporate Governance
and Compliance
· Environmental Law
· Financial Transactions and
Registered Investments
· Labor and Employment
· Litigation
· Mergers and Acquisitions
· Real Estate
· Reorganization and
Bankruptcy
· Tax
· Wealth Management
and Estate Planning
International memberships
· AIJA
· Interlegal
· NYSBA
· IBA
Highlighted Transactions
Target Country Subsector Bidder Seller Amount(BRLm)
Grupo SDfLC Brazil Food industry Frutarom BrasilPrivate Shareholders
BRL 110,00m
Toko Brazil Food industry Grupo 3 Corações Toko Logistica -
Loc Sites Infraestrutura Telefônica
Brazil Telecommunications SBA Torres Brasil Telecomunicações -
Equipamentos Industriais
BrazilMetallurgy, Steel and Industrial Production
Estre AmbientalStadler Anlagenbau
-
Citromax Essências
Brazil Chemicals Industry Frutarom BrasilQuímica e Materiais Quimicos
-
EPC Energia Brazil Energy Hexing Brasil Holding -BRL
25,00m
Visor MexicoFinancial and Insurance
Grupo OLSFinanceiro e Seguros
-
JV Atlas MGE SEDI
BrazilConsulting, Auditing and Engineering
Atlas Inovações e Tecnologia; MGE Gestão Empresarial; SEDI
- -
Voa SP BrazilTransport, Aviation and Logistics
EPC Construcões; Estrutural Concessões de Rodovias; Mpe Engenharia e Servicos; Terracom; Nova Ubatuba Empreendimentos e Participações
-BRL
1,20m
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ID: 2780NBf|A
Contacts
Profile
Tomás Neiva PARTNER Corporate | M&A [email protected]
Rosi Costa Barros PARTNER Energy & Infrastructure [email protected]
Marcela Britto Correa Figueiró PARTNER Corporate | M&A [email protected]
Brunno Morette SENIOR ASSOCIATE Corporate | M&A [email protected]
Bruno Cunha SENIOR ASSOCIATE Corporate | M&A [email protected]
Francisca Guedes SENIOR ASSOCIATE Corporate | M&A [email protected]
Cindy Takahashi ASSOCIATE Corporate | M&A [email protected]
Luisa Barreto ASSOCIATE Energy & Infrastructure [email protected]
William Lins ASSOCIATE Energy & Infrastructure [email protected]
Team
About Us
NBF|A is a law firm specialized in business law advice, with a team formed by professionals with a
solid academic background and extensive experience working with national and international clients
in different industries.
Our focus is the client. For this reason, our actions always seek excellence in the provision of legal
services, through proactive, agile, and innovative professional practice.
Our goal is to be a partner for our clients, fully understanding their business, for the purposes of offer-
ing them unique, practical legal solutions, focusing on their specific needs.
We have an outstanding experience in providing services for companies of different sizes and nation-
alities, which have been trusting in our work for many years.
Practice Areas
· Corporate
· Mergers & Acquisitions
· Commercial Contracts
· Energy and Infrastructure
· Public and Regulatory
· Project Finance
· Conflict Resolution | Litigation and Arbitration
· Tax
· Compliance
· Startups and Innovation
START OF ACTIVITY | February 15th, 2011
ADDRESS Av. Pres. Juscelino Kubitschek, 1700, 6º andar
TELEPHONE +55 11 3707 8370
EMAIL [email protected]
WEBSITE www.nbfa.com.br
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Highlighted Deals
· Advised a German furniture manufacturing company on issues of Brazilian law involved in the
global acquisition by an investment fund of an interest in the leading multinational group in the
parts manufacturing market (USD 111 million (lump sum price)).
· Advised a Danish manufacturer of products to the food industry on issues of Brazilian law involved
in the global acquisition of a competitor with business in Spain, Brazil, Colombia and Chile
· Represented an industry-leading tire manufacturer in the acquisition of a minority interest in a tire
distribution joint venture.
· Represented an LSE-listed English construction company in its entry into the Brazilian market
through the acquisition of a minority interest in a Brazilian fitting and renovation company (BRL
30 million).
· Advised a Spain-based company engaged in the production of soft gelatin capsules in the creation
of joint venture agreement with a Brazilian company specialized in the distribution of cosmetics
and pharmaceutical products for the purposes of launching a soft gelatin capsules’ factory in Brazil,
aiming to cover the Latin America market.
International Membership
NBF|A has a strategic cooperation agreement with the international law firm Garrigues.
This cooperation enables us to carry out joint projects and gives our team and clients access to an inter-
national network comprising more than 2,000 professionals, with a presence in 13 countries, including
Spain, Portugal, United Kingdom, United States, China, and the main Latin American countries.
In addition, our team has extensive international experience, both academically and professionally,
which enables us to take part in cross-border transactions with a great advantage: knowledge of the
legal, economic, and cultural situation in the other countries involved in the transaction.
Awards
· Garrigues, with whom NBF|A has a cooperation agreement, was recognized by Chambers &
Partners with the 2017 Costumer Service Award in Latin America (http://www.garrigues.com/es_ES/
noticia/chambers-premia-garrigues-por-su-servicio-al-cliente-en-latinoamerica).
· Partner Rosi Costa Barros was ranked in Chambers Latin America 2018 edition, highlighted in
Energy & Natural Resources: Power (https://www.chambersandpartners.com).
· Partner Rosi Costa Barros was ranked in Who’s Who, highlighted in Electric Power Field: bidding
procedures, regulator matters, negotiation and risk analysis (https://theglobalwhoswho.com/members/
rosilane-costa-barros/9a0n8d5/)
· Partner Rosi Costa Barros, was recognized by her peers, on Brazilian guide: “Best Lawyers”, in the
category: Energy Law (https://www.bestlawyers.com/current-edition/Brazil).
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ID: 2759Pinheiro Neto Advogados
Alexandre Bertoldi MANAGING PARTNER [email protected]
Fernando Meira HEAD OF CORPORATE PRACTICE [email protected]
About Us
Pinheiro Neto is a Brazilian full service law firm, founded in 1942. Over more than 75 years, the firm has
grown organically, developing a distinctive, tight-knit culture.
Clients: The firm advises and represents both local and international clients in a broad range of sec-
tors, and a significant portion of our clients are headquartered abroad. In 2014, the firm received the
Excellence Award in Exports of Legal Services, whereby the Ministry of Foreign Trade, Industry and
Development (MDIC) recognizes the largest Brazilian exporters of services in each of several categories.
Training: In order to focus on the most challenging transactions and complex litigation, Pinheiro Neto
recruits its lawyers from the best law schools in the country and further develops their abilities by
means of a comprehensive in-house Professional Development Program.
A significant proportion of the firm’s lawyers hold graduate degrees from top local and international
law schools, and have spent time working in high ranking international law firms.
Social Responsibility: The firm, which is ranked among the country’s largest social investors, offers
a pioneering pro bono program and was the first Brazilian law firm to be certified as carbon neutral.
Pinheiro Neto was also the first Brazilian firm to receive the Selo Paulista da Diversidade, which is
issued by the government of the state of São Paulo in recognition of structured initiatives related to
employment diversity.
Contacts
Profile
Team
START OF ACTIVITY | 1942 Nº. OF E,PLOYEES | The firm currently has around
410 lawyers, of which 97 are partners and 20
are counsels.
ADDRESS Rua Hungria, 1.10001455-906 São Paulo, SP
TELEPHONE +55 (11) 3247-8400
EMAIL [email protected]
WEBSITE www.pinheironeto.com.br
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Practice Areas
Pinheiro Neto is a full service firm, with strong expertise in Corporate/M&A, Banking & Finance,
Capital Markets, Corporate Tax, Competition, Litigation and Arbitration, Public Law, Intellectual
Property, Labor, among others.
Awards & Recognitions
Client Service Firm of the Year:
· Chambers Latin America (2017)
Firm of the Year in Brazil
· IFLR (2016), Who’s Who Legal (2006 - 2018)
Chambers (2009, 2011 and 2014)
· Latin Finance (2017 and 2016)
Firm of the Year in Latin America
· Chambers (2009, 2010 and 2013)
Deals of the Year related to M&A
· The American Lawyer Global M&A
Deal Latin America - 2017 and 2015
· China Business Law Journal Overseas
M&A: Natural resources - 2017
· IFLR Equity Deal of the Year - 2016
· Latin Finance Cross-Border M&A - 2015
· The American Lawyer Global Finance
Deal (Acquisition Finance) - 2015
Highlighted Transactions
Target Country Subsector Buyer Seller Amount(BRLm)
Negócio de internetUnited States
Internet Verizon Yahoo 14.890,60
The Warranty Group, The Warranty Group México, The Warranty Group Operadora de Servicios, Virginia Surety México
United States, Mexico
Financial and Insurance; Automotive and Recreational Vehicles
Assurant Private Shareholders 7.917,59
Vale - Companhia Vale do Rio Doce
Brazil Mining
Litel Participações, Bradespar, Mitsui & Co, BNDESPar, Elétron
- 5.913,00
Elektro Holding Brazil Electric Energy Neoenergia - 4.260,00
Moy Park Ireland food Industry Pilgrim's JBS 4.008,97
The Body ShopUnited Kingdom
Pharmaceutical, Parapharmaceutical and Cosmetics; Healthcare, Hygiene, Medical Aesthetics and Cosmetics
Natura L'Oréal 3.709,80
Negócio de Produção de Sementes de Milho
BrazilAgriculture, Agribusiness, Farming and Fishing
Citic Agri Fund Dow Chemical 3.592,21
Telxius Spain Telecoms Taurus Bidco Telefónica 3.035,68
Telxius Spain Telecoms KKR Telefónica 1.884,41
TCP Participações BrazilTransport, Aviation and Logistics
Kong Rise
Advent International (Global), APM Terminals, Grupo Nogar, TUC Participações Portuárias, Soifer Participações, Pattac Empreendimentos e Participações
2.891,25
*Advised entities are written in purple
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ID: 5287Rayes & Fagundes
Contacts
Profile
João Paulo Fogaça de Almeida Fagundes FOUNDING PARTNER [email protected]
Fabiana Rodrigues da Fonseca PARTNER Corporate / Head of M&A [email protected]
Bruno Henrique Coutinho de Aguiar PARTNER Tax [email protected]
Ronaldo Rayes FOUNDING PARTNER [email protected]
Paulo Fernando Talarico PARTNER Corporate [email protected]
Eduardo Vital Chaves PARTNER Litigation [email protected]
Luiz Antonio Varela Donelli PARTNER Corporate [email protected]
Paula Corina Santone Carajelescov PARTNER Labor [email protected]
Team
About Us
Since its foundation, Rayes & Fagundes has consistently ranked in legal publications among the best
and most admired law firms in Brazil across its many practice areas.
START OF ACTIVITY | 1998 PARTNERS/ASSOCIATES | 100
ADDRESS Av. Chedid Jafet, 222, Build C, 3rd floor, Zip Code 04551-065 São Paulo-SP
TELEPHONE +55 (11) 3050-2150
EMAIL [email protected]
WEBSITE http://www.rfaa.com.br
Other offices
RIO DE JANEIRO Rua da Assembleia, 10, 3rd floor, suite 3108-9, Zip Code 20011-901 Rio de Janeiro-RJ
TELEPHONE +55 (21) 2221-5470
CAMPINAS Rua Maria Monteiro, 830, 8th floor, room 81, Zip Code 13025-151 Campinas-SP
TELEPHONE +55 (19) 3254-3706
BELO HORIZONTE
Av. Br. Homem de Melo, 4391, 7th floor, room 707, Zip Code 30494-275 Belo Horizonte-MG
TELEPHONE +55 (31) 3318-6563
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Highlighted Deals
· Rayes & Fagundes has advised Hospital Alpha-Med’s former shareholders on the sale of the hospital,
located in the Great São Paulo, to one of the largest private healthcare groups in Brazil (Rede D’Or);
· In 2017 our Corporate team assisted Drake PM Control in the purchase of Diesel Line Cambuí’s
assets in Brazil;
· In the past five years, Rayes & Fagundes assisted Thomson Reuters Group in several M&A trans-
actions in Brazil (including Tedesco, Novaprolink and Domínio deals). The Corporate team has
also participated in other relevant M&A transactions, including equity and assets deals, involving
companies pertaining to several industries (food/beverage, IT, telecommunications, financial and
insurance, agribusiness, automotive industry, among others).
Our approach is to offer top-quality, fully tailored services through a skilled team located at our main
São Paulo office and our branches. Rayes & Fagundes also relies on cooperation partners throughout
the country and independent law firms across all five continents.
In 2018, Rayes & Fagundes celebrates 20 years of work and dedication to its clients, both domestic
and foreign, operating across a variety of industry sectors.
Rayes & Fagundes specializes in translating the Brazilian legal environment for the benefit of foreign
clients. Over the past years the firm has been advising clients on the definition and implementation of
the appropriate legal structure for investing in Brazil, including but not limited to the incorporation of
Brazilian subsidiaries, structuring of investment funds and so forth.
The firm also plays a significant role in assisting complex M&A transactions in the Brazilian market,
including purchase and sale of equity, assets, structuring of joint ventures, corporate reorganization,
among others. In order to achieve such an accomplishment, Rayes & Fagundes has a multidisciplinary
and experienced group with a solid legal background and great strategic sense, which ensures an
approach which enables business transactions.
Practice Areas
Full service law firm. Corporate/M&A, Tax, Litigation and Arbitration, Labor, Contracts, Real Estate,
Restructuring, Bankruptcy and Insolvency, Estate Planning.
International Membership
1 - Lexwork International
2 - International Law Firms - ILF
Awards
· M&A and Corporate Law – Strong Expertise – Leaders League/2018.
· M&A – Other Notable Practice – IFLR1000/2017 and 2018.
· Among 30 most admired law firms – Análise 500/2017 (and past years).
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ID: 5308TozziniFreire Advogados
About Us
TozziniFreire is a premier, full-service law firm providing legal services to domestic and international
companies in a wide variety of business sectors.
Practice Areas
· Antitrust
· Arbitration
· Asset Planning
· Banking & Finance
· Capital Markets
· Compliance & Investigation
· Consumer Affairs
· Corporate Law and Foreign Investment
· Corporate Social Investment
· Cybersecurity & Data Privacy
· Environmental Law
· Government Relations
· Government, Contracts and Projects - Administrative Law
· Immigration
· Intellectual Property
· International Trade
· Labor
· Litigation
· Mediation
· Mergers and Acquisitions
· Real Estate
· Restructuring and Insolvency
· Startup & Innovation
· Tax
· White-Collar Crimes
Contacts
Profile
Darcy Teixeira Junior PARTNER [email protected]
Martin Miralles Pose PARTNER [email protected]
Claudia Muniz Levasier Mahler PARTNER [email protected]
Marcela Waksman Ejnisman PARTNER [email protected]
Mauro E. Guizeline PARTNER [email protected]
Team
START OF ACTIVITY | 1976 N.º OF EMPLOYEES | 1.017 OTHER OFFICES | 7
ADDRESS Rua Borges Lagoa, 1328
TELEPHONE +55 (11) 5086-5000
EMAIL [email protected]
WEBSITE www.tozzinifreire.com.br
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Sector Groups
· Agribusiness
· Automotive
· Bioenergy
· Climate Change
· Defense and Aerospace
· Energy
· Engineering & Construction
· Fashion Law
· Fintech
· Hotel & Resorts
· Infrastructure
· Insurance and Reinsurance
· Life Sciences & Healthcare
· Media & Entertainment
· Mining
· Oil & Gas
· Private Equity & Venture Capital
· Shipping & Logistics
· Telecommunications & Information Technology
· Timberland Investment
· Water and Sewage
Awards
· Latin Lawyer Deal of the Year - Winner in 2007, 2010, 2011, 2012, 2013, 2014 and 2015.
· Chambers & Partners Awards - Winner for “Best Client Service” in 2012, 2015 and 2016.
· Latin Lawyer Elite, 2017 - Recognized as Elite Law Firm in Brazil.
· Latin Finance Deal of the Year - Winner in 2015 and 2017.
· LACCA Top 100, 2017 - Recognized among the best law firms that counseled the 100 top companies.
· Global M&A Network - Winner as “South American Law Firm of the Year” and “Brazil Deal of the
Year” for assisting IBM in the acquisition of Scopus Tecnologia.
Highlighted Transactions
Target Country Subsector Buyer Seller Amount(BRLm)
Fibria Celulose Brazil forestrySuzano Papel e Celulose
Votorantim Participações, BNDESPar
36.700,00
Forno de Minas Brazil food IndustryMc Cain do Brasil Alimentos
Mercatto Alimentos FIP, Private Shareholders
ND
Piraquê Brazil food Industry M. Dias Branco Private Shareholders 1.550,00
Complexo Eólico Ventos do Araripe III
Brazil Electric Energy VTRM Energia Casa dos Ventos1.800,00
(Approx.)
Highline do Brasil Brazil Telecoms SBA Torres BrasilFIP Pátria Infraestrutura, Private Shareholders
ND
Manufacturing Facility
BrazilPharmaceutical, Parapharmaceutical and Cosmetics
União Química Zoetis Brasil ND
Aloo Telecom Brazil TelecomsCartesian Capital Group
- 235,84
Frigorífico Ceratti Brazil food IndustryHormel Foods Corporation
Private Shareholders 328,00
Hospital Vera Cruz BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics
Caledônia Saúde Private Shareholders ND
Alto Sertão II wind farm
BrazilEnergy, Wind Energy
AES Tietê Renova Energia 600,00
Banco Pecúnia BrazilFinancial and Insurance
Omni FinanceiraBanco Societe Generale Brasil
ND
Parque Empresarial Contagem I, Parque Empresarial Betim II
Brazil Real EstateCadillac Fairview Brasil Participações, Private Shareholders
Private Shareholders 98,00
*Advised entities are written in purple
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ID: 5402Ulhôa Canto, Rezende e Guerra Advogados
Contacts
About Us
For nearly six decades, Ulhôa Canto Advogados (“UC”) has been known as a benchmark firm in provid-
ing the highest quality of legal advice. UC stands out because of its key participation in several of the
most relevant and complex transactions both in the domestic and international markets.
Founded in 1959, the firm is recognized for its commitment to provide pioneer and innovative solu-
tions, exercising a tailor-made legal practice that combines knowledge, experience and creativity. As a
RIO DE JANEIRO
Av. Afrânio de Melo Franco, 290, 2º floor, Rio de Janeiro, RJ CEP 22430-060
TELEPHONE +55 21 38243265
EMAIL [email protected]
WEBSITE www.ulhoacanto.com.br
SÃO PAULO Av. Brigadeiro Faria Lima, 1847, Jardim Paulistano, São Paulo, SP CEP 01452-001
TELEPHONE +55 11 3066 3066
EMAIL [email protected]
Profile
Aloysio Meirelles de Miranda Filho PARTNER [email protected]
Guilherme Rocha Murgel de Rezende PARTNER [email protected]
Daniel Soares PARTNER [email protected]
Humberto De Haro Sanches PARTNER [email protected]
Marcelo Maria Santos PARTNER [email protected]
Vivian Santos Breder PARTNER [email protected]
Fernanda Freitas PARTNER [email protected]
Luciana Pereira Costa PARTNER [email protected]
Paula Costa PARTNER [email protected]
Pedro Chueiri PARTNER [email protected]
Mariana Louzada ASSOCIATE [email protected]
Mariana Heck ASSOCIATE [email protected]
André Rainho ASSOCIATE [email protected]
Vanessa Muglia ASSOCIATE [email protected]
Alfredo Neri ASSOCIATE [email protected]
Pedro Cordelli ASSOCIATE [email protected]
Eduarda Tavares ASSOCIATE [email protected]
Cecilia Garrett ASSOCIATE [email protected]
Guilherme Fernandes ASSOCIATE [email protected]
Anna Binotto Massaro ASSOCIATE [email protected]
Team
START OF ACTIVITY | 1959 N.º OF EMPLOYEES | 168
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Highlighted Transactions
Target Country Subsector Bidder Seller Amount
99 Taxis Brazil Internet DiDI Chuxing
Riverwood Capital, Monashees Capital, Qualcomm Ventures, Tiger Global Management, SoftBank
N/D
Araguaia Indústria de Óleos e Proteínas
Brazil food IndustryFasa América Latina Participações Societárias S.A.
Farol Indústria e Comércio S.A. N/D
Caxias Shopping Brazil Real Estate XP Malls fII Aliansce Shopping Centers S.A.R$35.5 million
CTBH FII BrazilReal Estate; Financial and Insurance
Aliansce Shopping Centers S.A.
Private ShareholdersUS$120
million
99 Taxis Brazil InternetSoftBank Riverwood
-US$150
million
Farol Indústria e Comércio S.A.
Brazil food Industry
JV; Fuga Couros S.A. and Fasa América Latina Participações Societárias S.A.
-R$25
million
B3 S.A. – Brasil, Bolsa e Balcão
Brazil Finance Stock Market ICE Overseas Ltd.R$560 million
Associação dos Fabricantes Brasileiros de Coca-Cola (“AFBCC”) UBI 3 Participações Ltda.
BrazilFood Industry; Distribution and Retail
- Unilever Brasil Industrial LtdaR$252 million
*Advised entities are written in purple
boutique firm with presence in Rio de Janeiro, São Paulo and Brasília, we are not, and do not aim to be,
the largest law firm measured by number of lawyers. Our commitment is to help our clients with their
most challenging matters and offer original and groundbreaking solutions.
Practice AreasAdministrative Law, Antitrust, Arbitration, Aviation, Compliance, Corporate Law and Capital Markets, Electric Energy, Entertainment and Sports, Environmental Law, Financial Market, Mining, Oil & Gas, Project Finance, Real Estate, Sanitation, Tax, Telecommunications, Venture Capital, and Wealth & Estate Planning.
Awards
· Chambers Latin America. Ulhôa Canto ranked in Band 3 in the Corporate/M&A category in the
2013, 2014, 2015, 2016 and 2017 Editions.
· Chambers Latin America. Aloysio Miranda has been ranked in the “Band 1” category of leading
individuals in the 2013, 2014, 2015, 2016 and 2017 Editions.
· Chambers Global. Ulhôa Canto ranked in Band 3 in the Corporate/M&A category in the 2013,
2014, 2015, 2016 and 2017 Editions.
· Latin Lawyer 250. Ulhôa Canto included in the list of Latin America Leading Business Law Firms
from 2004 to 2017.
· Legal 500. Ulhôa Canto classified as Top Tier Recommendation in Tax (Tier 1) and Energy (Tier 1)
categories, and as Recommendation in Banking and Finance (Tier 4), Corporate and M&A (Tier 4),
Dispute Resolution (Tier 6), and Projects and Infrastructure (Tier 2) areas.
· Several partners ranked at Who’s Who Legal and Leaders League, at various practice areas.
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ID: 5406Veirano Advogados
Contacts
RIO DE JANEIRO
Av. Presidente Wilson, 231, 25th floor 20030-021, Rio de Janeiro, RJ
TELEPHONE +55 (21) 3824 4747
PORTO ALEGRE
Av. Dr. Nilo Peçanha 2900, 15th floor91330-001, Porto Alegre, RS
TELEPHONE +55 (51) 2121 7500
EMAIL [email protected]
SÃO PAULO Av. Brig. Faria Lima, 3477, 16th floor 04538-133, São Paulo, SP
TELEPHONE +55 (11) 2313 5700
BRASÍLIA SCS Qd. 9 Lt. C, Ed. Parque Cidade Corporate, Torre A, 12th floor, 120370308-200, Brasília, DF
TELEPHONE +55 (61) 2106 6600
WEBSITE www.veirano.com.br
Profile
About Us
Veirano Advogados is one of the leading and most renowned Brazilian business law firms, focused on
developing tailored solutions for multinational companies operating in strategic sectors of the economy.
With a team of 250 professionals working in an integrated fashion, we handle both routine and complex
multidisciplinary cases that require the coordinated talents of professionals with diverse areas of expertise.
Our services range from providing assistance in M&A transactions, privatizations and company
formation to representing clients in disputes, from offering advice on tax issues and infrastructure
projects to guiding oil and gas companies through the challenges inherent in a highly regulated indus-
try, to name a few examples of our broad range of work. Our main goal is to identify needs and develop
tailored solutions, enabling safe and informed decision making – one client at a time.
As the first Brazilian firm to receive the “Chambers Client Service Law Firm of the Year” award, our con-
tinuous dedication to clients is consistently recognized by leading industry publications, such as Chambers
Latin America, Chambers Global, Legal 500 Latin America, Latin Lawyer 250 and Who’s Who Legal.
Beyond our offices in leading Brazilian cities, we represent clients in Brazil and internationally with the
support of a broad network of key partners and relationships around the world, including members of
top legal organizations Global Advertising Lawyers Alliance, IsFin, Ius Laboris and World Services Group.
Veirano. Results-oriented law practice.
START OF ACTIVITY | 1972 N.º OF EMPLOYEES | A team of 600 professionals,
including 68 partners and
180 associates.
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Highlighted Transactions
Target Country Subsector Buyer Seller Amount(BRLm)
CPFL Energia BrazilWind & Electric Energy; Biomass
State Grid Brazil Power Participações
Bradespar, Eletropar, Private Shareholders
2.904,97
Terraform Global United StatesWind & Electric Energy
Brookfield Asset Management
SunEdison 744,35
Brio Gold Canada Mining Leagold Mining Private Shareholders 246,59
Rodoban Serviços e Sistemas de Segurança, Rodoban Segurança e Transporte de Valores, Rodoban Transportes Terrestres e Aéreos
Brazil
Security and Private Arms, Ammunition and Explosives; Courier; Transport, Aviation and Logistics
Brink's Brasil Private Shareholders 123,1
Prumo Logística BrazilTransport, Aviation and Logistics
Eig Llx Holdings
Private Shareholders, Banco Itaú Unibanco, 9 West Finance
113,06
Aloo Telecom Brazil TelecomsCartesian Capital Group
- 63,29
Edifício Morumbi Park
Brazil Real EstateAvenues Participações
Rio Bravo Renda Corporativa, Top Center Empreendimentos e Participações
54,28
Gran Tierra Energy Brasil
Brazil Oil and Gas Maha Energy Gran Tierra Energy 32,79
Bremil Brazil food Industry frutarom Private Shareholders 26,07
*Advised entities are written in purple
Practice Areas
Our expertise covers a broad range of legal services: antitrust and competition; banking and finance;
commercial contracts; corporate and M&A; corporate immigration; corporate integrity and com-
pliance; dispute resolution; environment; government and regulatory; IT and communications;
infrastructure and projects; insolvency and restructuring; insurance, reinsurance and pension funds;
IP; international trade; labor and employment; life sciences and healthcare; media, sports and enter-
tainment; mining; oil, gas and biofuels; power; private equity and capital markets; product liability;
real estate; shipping; tax and customs; venture capital; wealth and estate planning and family law;
white-collar crimes.
Clients
Our clientele encompasses leading multinational companies across different industry sectors: agri-
business; automotive; banks and financial services; biofuels; chemical and petrochemical; construction
and engineering; consumer goods; education; healthcare; hospitality and tourism; infrastructure; IT
and telecommunications; machines and equipment; metals and mining; oil and gas; pharmaceutical
and cosmetics; power; services; transport and logistics.
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ID: 13229Zancan Advogados
Contacts
About Us
Zancan Advogados has a vast experience in Business Law, especially in the areas of Corporate, Capital
Markets, Tax, Arbitration and Mediation, Estate/Succession Planning and Contracts.
It has a qualified team of professionals able to full understand complex business transactions, meeting
the market demand for highly qualified services.
Zancan Advogados is focused on developing sophisticated, complex and effective business solutions
based on the deepest knowledge of its client’s demands.
All the work has a direct and permanent participation of its partners, who have vast experience in the
treatment of solutions for publicly held or private companies, national or international.
The many years’ experience of the partners in structuring and participating in all types of corpo-
rate reorganizations of companies from different business segments, some of which belong to the
largest business groups established in Brazil, enables to assist its clients in the development of the
most sophisticated and effective solutions for each challenge or expectation to be faced or achieved,
regardless of the complexity presented.
Listening carefully to the client and correctly understanding all the different aspects that surround
M&A transactions - seeking the best solution for the implementation of the deal, guaranteeing the
adequate legal protections for the parties - is the essence of the focus of our services.
ADDRESS Av. Brigadeiro Faria Lima, 3355, 17º andar04538-133, São Paulo, SP, Brazil
TELEPHONE + 55 11 3372 6550
EMAIL [email protected]
WEBSITE www.zancan.com.br
Leandro L. Zancan [email protected]
Jarbas H. Velloso [email protected]
Ivan Iais [email protected]
Marcel Kim Dib [email protected]
Lucio Breno Argentino [email protected]
Flavia P. Ziller [email protected]
Team
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Highlighted Transactions
Target Country Subsector Bidder Seller Amount(BRLm)
Estre Ambiental
BrazilWaste Management, Pollution and Recycling
Boulevard Acquisition Corp. II
Banco BTG Pactual, Private Shareholders, Angra Partners
-
Ourolac Brazil food IndustrySiguler Guff & Company, 2bCapital
- 90,00
Essencis Soluções Ambientais
Brazil
Waste Management, Pollution and Recycling; Consultancy, Audit and Engineering
Companhia de Projetos Ambientais
Estre Ambiental, Cavo Serviços e Saneamento
-
CDR Pedreira BrazilWaste Management, Pollution and Recycling; Water and Sanitation
BTGI AZPSPE Estre Ambiental -
Estre Ambiental
BrazilWaste Management, Pollution and Recycling
AG Angra Infraestrutura FIP, BTG Pactual Brazil Investment fund I
Private Shareholders 422,00
Cavo Serviços e Saneamento
BrazilWaste Management, Pollution and Recycling
Estre Ambiental Camargo Corrêa 702,00
*Advised entities are written in purple
Practice Areas
· M&A
· Corporate Law
· Capital Markets
· Tax
· Arbitration and Mediation
· Estate/Succession Planning
· Contracts
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ID: 117812 Kamea Investimentos
Contacts
Profile
Team
About Us
2ª OPÇÃO COR SÓLIDA 2ª OPÇÃO DEGRADÊ
I N V E S T I M E N T O S I N V E S T I M E N T O S
M&A advisory partnership focused on the sell-side, advising individuals, or families, either in the
transition from being company shareholders to becoming financial investors, or in opening the
capital of their company to new shareholders for growth purposes.
As such, we bring special care to technical details but no less to personal aspirations and needs of our
clients before, during and after the transaction, as well as to confidentiality.
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ADDRESS Rua Lourenço de Almeida, 207 CEP 04508-000 São Paulo SP
TELEPHONE +55 11 3562 6203
EMAIL [email protected]
WEBSITE www.kamea.com.br
François Legleye MANAGING PARTNER [email protected]
Enoque Flausino MANAGING PARTNER [email protected]
Daniel Denes PARTNER [email protected]
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Highlighted Transactions
Target Country Subsector Buyer Seller Value
Frigorífico Ceratti Brazil food IndustryHormel foods
Private Shareholders
328,00
Empório Body Store BrazilPharmaceutical, Parapharmaceutical and Cosmetics; Healthcare, Hygiene, Medical Aesthetics and Cosmetics
The Body Shop
Private Shareholders
280,00
Pharlab BrazilPharmaceutical, Parapharmaceutical and Cosmetics
BiogaranPrivate Shareholders
100,00
Laboratório Bergamo BrazilPharmaceutical, Parapharmaceutical and Cosmetics
Amgen Brasil
Private Shareholders
350,00
*Advised entities are written in green
Practice Areas
· Consumer Goods
· Agribusiness
· Health / Pharma
· Energy
· IT
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ID: 33477 PP&C
Contacts
Profile
TeamAline Poiani DIRECTOR [email protected]
Américo Alves Neto DIRECTOR [email protected]
Andrea Lo Buio Copola DIRECTOR [email protected]
Eduardo Camillo Pachikoski PARTNER [email protected]
Leonardo dos Santos [email protected]
Marcelo Manes Zini DIRECTOR [email protected]
Marcos Aparecido Rodrigues PARTNER [email protected]
Marcus Vinicius Montanari PARTNER Tax [email protected]
Paulo José de Carvalho PARTNER [email protected]
About Us
PP&C is an Audit and Consulting firm recognized for its competence and high standard of quality of
its professionals and services. It has a significant customer base, including several leading companies
in the global corporate market. PP&C is a member of Nexia International, which is present in the main
financial centers of the world, with 28,734 professionals and 651 offices in 115 countries.
Areas of expertise
Audit of financial statements, Accounting services, Due diligence for M&A transactions, Tax, Labor,
Business consulting, Fraud investigation, Internal Control consulting, Internal Audit, Corporate
Governance, Risks and Compliance.
International Network
Nexia International (www.nexia.com)
SÃO PAULO Alameda Santos, 1940 1st floorCEP: 20031-000
TELEPHONE +55 (11) 3883-1600
WEBSITE www.ppc.com.br
MANAUS Av. Dr. Theomário Pinto da Costa, 811
TELEPHONE +55 (92) 3302-6228
EMAIL [email protected]
RIO DE JANEIRO
Rua São José, 20 8th floor
TELEPHONE +55 (21) 3173-9932
START OF ACTIVITY | 1991 N.º OF EMPLOYEES | 120
175TTR - Transactional Track Record (www.TTRecord.com)
FIN
AN
CIA
L A
DV
ISO
RS
Awards and Recognitions
Communication Award 2016 issued by the International Accounting Bulleting. Award for best com-
munication in the Audit sector in the world.
Our exp erience in M&A - Mergers and Acquisitions:
Our experience in the field of acquisitions and mergers and business management enables us to
conduct Due Diligences with an accurate assessment of the risks associated with transactions. We
produce effectively differentiated results, with identification, mainly, of innumerable opportunities
for our clients.
Our work includes:
· Buy-Side Due Diligence – Purchases advisory; and
· Sell-Side Due Diligence – Sales advisory.
Buy -Side Due Diligence – Purchases advisory :
PP&C is recognized for its experience in mergers and acquisitions work and is prepared to advise its
clients at all stages of these proceedings, including:
· Pre-acquisition: Planning the acquisition
and definition of business premises;
· Analysis of the evaluation and confirmation
of assumptions adopted in the “Valuation”;
· Tax planning of the operation;
· Due diligence - validation of assets, collection
of tax, labor and social security contingencies;
· Adjusted EBITDA, considering risks and
opportunities identified in Due Diligence;
· Support in rounds of negotiations;
· Support in the negotiation and for-
malization of the operation; and
· Post-acquisition integration.
Sell-Side Due Diligence – Sales advisory :
Our job is to assist in preparing the organization that intends to seek new investors, sell shares of
company, or even a self-assessment of the existing risk, and includes:
· Prior identification of potential risks and tax,
labor and social security contingencies;
· Consultancy in the correction of identified
errors in order to minimize contingencies;
· Adequacy and correction of
accounting practices;
· Adjusted EBITDA, considering
risks and opportunities identified
in Sell-Side Due Diligence;
· Buyer’s audit service;
· Consulting in the definition of the
sale value with the preparation of
evaluations by the discounted cash flow
method or other methodologies;
· Assistance in preparing the data
room and monitoring the buyer’s
due diligence process; and
· Support in the discussion of contin-
gencies in the negotiation process.
8Acknowledgements
We would like to thank all of those who have cooperated and
supported us in the creation of our sixth edition of the M&A
Handbook. Its success has enable us to be more rigorous and
comprehensive in the information we offer. We thank all the experts
and professionals from the corporate, financial and legal sector who
trusted the TTR team with all their knowledge and opinions.
9Index of Entities
Symbolos2bCapital 33, 61, 80, 90, 120, 137, 171
500Startups 80
99Taxis 43, 81, 127
AA5 Capital Partners 73
Accel Partners 43, 80, 98
Accion Venture Lab 72, 80
ACE Aceleradora 74, 107
Acesso 41, 112
Actis Brasil 53–54, 72, 75, 105
Acument Brasil Sistemas de Fixação 110
Adara Ventures 80
Adecol 106, 143
Adeplaza Modas 102
Adespec 100, 139
Adicarai - Modas 102
Advent International 62, 71–73, 75–76, 85, 106, 145, 161
Aelius 64
AES Tietê 54, 103, 165
Agility Logistics 43
Agropecuária Maggi 16, 67
Akin Gump Strauss Hauer & Feld 33, 79
Algar Ventures 67, 80
Aliansce 113, 118, 167
Allen & Overy Germany 17, 60
Allen & Overy Netherlands 17, 60
Allende & Brea Abogados 65
Allfood 91, 111
Aloo Telecom 33, 119, 165, 169
Alpargatas 31, 85–86, 105, 120
ALUB 109
AM Partners 77
Ambev 18, 26, 61
American Private Equity 60, 73
Amsted Maxion Hortolândia 65
Amsted Rail Brasil 65
Anfield Gold 68, 95
Angels Capital 80
Angra Partners 120, 171
APM Terminals 76, 85, 106, 145, 161
Apollo Global Management 73, 96
Apolo Tubos e Equipamentos 92, 114
Apolo Tubulars 92, 114
AppProva 108, 111
Aqua Capital 67, 71–72, 151
Araguaia Indústria de Óleos e Proteínas 118, 167
Araujo e Fontes Advogados 94–95
ArcelorMittal Brasil 89, 147
Arla Foods 17, 61, 85–86, 104, 109, 112
Arlon Food Ne Participações 90, 102
Arlon Group 61, 71
Armetal Autopartes 65
Ártica Investimentos 84–85
Arvato Bertelsmann 119
ASBZ Advogados 94–95, 122
Ascenty 33, 79
Assistcare 115
Astella Investimentos 41, 72, 82, 99
Athena Saúde Holding 74
Atlantic Energias Renováveis 89, 108, 141
Atlas Copco 100
Atmosfera Lavanderia 16, 74
Auto Ricci 87
Avante 99, 103
Azevedo Sette Advogados 68, 94–95
BB3 – Brasil, Bolsa, Balcão 26
Baggio e Costa Filho Sociedade de Advogados 16, 53
Bahema Educação SP 102
Bain Capital 74, 137
Baker McKenzie China 65
Baker McKenzie UK 18, 64, 74
Banco ABC Brasil 16, 33, 84, 86
Banco Bradesco 16–17, 26, 31, 33, 54, 60–61, 68, 79,
84–85
Banco Bradesco BBI 16–17, 31, 33, 54, 60–61, 68,
84–85
Banco BTG Pactual 16–17, 41, 53–55, 60–61, 63, 76,
84–85, 111, 120, 171
Banco Indusval 33, 72
Banco Itaú BBA 16, 31, 33, 54, 57, 63, 67, 70, 72,
75–76, 79, 84, 86
Banco Itaú Unibanco 26, 127, 169
Banco Santander 16–17, 27, 53, 61, 76, 84, 86
Banco Santander Brasil 16 - 17, 27, 53, 61, 76
Banco Société Générale Group 165
Bank of America 16, 53, 70, 79, 84, 87
BR
AZ
ILM
&A
HA
ND
BO
OK
20
18
Bank of America Merrill Lynch 16, 53, 70, 79
Banvit 18
Baptista Luz Advogados 124
Barbosa, Müssnich, Aragão 16–17, 60, 62, 68, 70, 72,
94, 96, 104, 120, 126
Barclays Bank 61, 84, 87
Bavaria Brasil 86, 91, 110, 117
BB Investimentos 16, 53, 84, 87, 137
BBM Logística 88, 114
Belagrícola 67, 107
Belfer Investment Partners 33
Bemo do Brasil 92
Berçário Espaço da Vila 102
Bichara Advogados 31
Binova 115
Bionexo 95, 123
Biosoja 97, 133
BioValens 97, 133
BK Brasil 93, 145
Blackstone 33, 74, 79–80
Bloco Petrolífero SEAL M-351 96
Bloco Petrolífero SEAL M-428 96
BNDESPar 68, 85, 91, 96, 99, 113, 116, 120, 131, 137,
161, 165
BNP Paribas 61
BNP Paribas Corporate & Investment Banking 61
Boa Hora 1 Geradora de Energia Solar 103
Boa Hora 2 Geradora de Energia Solar 103
Boa Hora 3 Geradora de Energia Solar 103
Bonsucesso Log Park Empreendimentos Imobiliarios 113
Borden Ladner Gervais 68
Bossa Nova Investimentos 26, 71–73, 77, 80, 82, 107
Boston Scientific 17, 79, 92, 103–104, 106
Boulevard Acquisition Corp. II 120, 171
Bozano Investimentos 71, 74, 80, 95
BR Malls 27, 31, 95, 102, 104
BR Opportunities 90, 97, 133
BR Partners 60, 70, 84, 88
Bradespar 16, 53, 68, 85–87, 91, 96–97, 99, 113, 116,
119–120, 131, 137, 161, 169
Brandão Teixeira, Reis, Vieira Pinto Sociedade
de Advogados 33
Brascan fIP 98
Brasia II Properties Investimentos Imobiliários 113
Brasia Properties Investimentos Imobiliarios 113
Brasil Gourmet 91
Brasil Kirin Holding 86, 91, 110, 117
Brasil Private Equity III FIP 63, 101
Brasil Warrant 31, 85–86, 105, 120
Brasilpar 84, 88
Braskem 31, 88
Brasoil 98
Brazil Steel Investimentos e Participações 101
Brazil Venture Capital 80
Brazilian Private Equity IV FIP 60, 63, 101
BRB Banco de Brasília 72
BRE Alpha fIP 110
BRE Ponte VI Empreendimentos e Participações 110
BSL - Brazil Senior Living 115
Bureau Veritas 73
Burger King do Brasil 33
BV Financeira 16, 53
BZPlan 80, 82
CCA Investment Brasil 16, 63, 99, 104, 116, 120
CAAf 88
Cadillac Fairview Brasil Participações 95, 165
Caledônia Saúde 93, 165
Cambuhy Investimentos 31, 55, 85–86, 105, 120
Campos Mello Advogados 33, 94, 96, 128–129
Canary 71–73, 80, 82, 103
Candido Martins Advogados 94, 97
Carbonor 116
Cardio Dinâmica 114
Cardio Sistemas 114
Carfepe 64, 92, 95, 108, 123
Cargill Nutrição Animal 88, 109
CargoX 43
Carr McClellan 77
Carrefour Netherlands 70
Cartesian Capital Group 33, 71, 76, 119, 165, 169
Cartesian Capital Group Brasil 76
Casa dos Ventos 31, 54, 116–118, 165
Castlelake 33, 53, 101
Castor Ventures 43, 71, 82
Caxias Shopping 118, 167
CBL Alimentos 90, 102
CCCC Brazil Participações 58, 92, 104
CCCC South America Regional Company 17, 76, 116
CCP Logistica Empreendimentos Imobiliarios 57, 117
Cecil 111
Cellera Farma 105
Cementos Bío Bío 58
Cemig 16, 53
Centrais Eólicas Ametista 54
Centrais Eólicas Borgo 54
Centrais Eólicas Caetité 54
Centrais Eólicas Da Prata 54
Centrais Eólicas Dos Araçás 54
Centrais Eólicas Dourados 54
Centrais Eólicas Espigão 54
Centrais Eólicas Maron 54
Centrais Eólicas Morrão 54
Centrais Eólicas Pelourinho 54
Centrais Eólicas Pilões 54
Centrais Eólicas Seraima 54
Centrais Eólicas Serra Do Espinhaço 54
Centrais Eólicas Tanque 54
Centrais Eólicas Ventos Do Nordeste 54
Centro de Diagnóstico por Imagem 119
Cescon, Barrieu Flesch & Barreto Advogados 16, 33,
53, 55, 60–61, 70, 76, 94, 97, 130–131
Cetrel 88
CG Power Systems Belgium 18
CG Power USA 18
Chapleau Exploração Mineral 68, 95
Chapleau Resources 68, 95
Chapman Associates 77
Chaves Alves e Salomi Advogados 31
Check In Particpações 108
Chediak Advogados 94, 98
Chery 65
Chery Brasil 65
Chipus 41
Choate Hall & Stewart 33, 79
CI&T 77, 151
Citibank Brazil 17
Citigroup 53
Citromax Essências 110, 157
CJ Cheiljedang 99, 105
Colégio Physics 90
Comgás 55, 97, 131
Comma Oil & Chemicals 55
Companhia Agricola do Parecis - CIAPAR 16, 67
Complexo Eólico Ventos do Araripe III 31, 54,
116–118, 165
Comrade 77, 151
Concremat 58, 92, 104
Condere 84, 88
Configr 103
Confrapar 41, 58, 71, 75, 80, 82
Coremas I Geração de Energia 86
Coremas II Geração de Energia 86
Coremas III Geração de Energia 86
Corpesca do Brasil 99, 105
Cosan Limited 55, 97, 131
Costa do Sauípe 89
Costa e Tavares Paes Advogados 33, 72
Costapacking 106, 143
Couto Silva Advogados 134–135
CPFL Energia 16, 53, 86–87, 97, 119, 131, 169
CPPIB - Canada Pension Plan Investment
Board 53–54, 57, 117
Cravath, Swaine & Moore 17, 61
Credit Suisse 53, 84, 86
Creditas 43
Creel, García-Cuéllar, Aiza y Enríquez 17, 61
Cristal Pigmentos 17, 62, 117
Crowell & Moring 79
CRUSAM - Cruzeiro do Sul Serviço de Assistência
Médica 92–93, 112
Cryovac Brasil 90
CTBH FII 113, 118, 167
CTEEP 115
CVC Brasil 108, 151
Cventures 72, 80, 82
Cventures Primus 72, 82
CYMI 115
Cypress Associates 84, 89
Cyrela Commercial Properties 27, 57, 117
DDânicaZipco 101
Danish Crown 87
DASA 74, 115
Davis Polk US 18, 64, 74
DCA Dias Carneiro Advogados 43, 79, 94, 98
Debevoise & Plimpton 18, 31, 61
Deltaplam 90
BR
AZ
ILM
&A
HA
ND
BO
OK
20
18
Demarest Advogados 33, 57, 67–68, 94, 99, 136
Derraik & Menezes Advogados 16, 41, 63, 94, 99
Devpartner Tecnologia da Informação 114
DGF Investimentos 75, 80
Diba SP Participações 71, 85
Didi Chuxing 43, 81, 127, 147, 167
Digifarmz 100
Distrito Ventures 72, 80
DKBA Participações 57, 67, 99, 107
DNA Capital 16, 74
DOMO Invest 72, 75, 80
Domo Ventures 75, 80
Duotur Participações 81
Ee.Bricks Digital 75, 108, 111
EAMPM Participacões 92, 119
Ecommet 77
e-Construmarket 93
ECS Capital Partners 82
Editora do Brasil 88
Editora Physics 90
Elcordis 85, 101
Eldar Capital 82
Eldorado Brasil 16, 63, 99, 104, 116, 120
Elektro Holding 16, 53, 87, 104, 107, 109, 113, 147, 161
Elektro Renovaveis 54
Elétron 68, 85, 91, 96, 99, 113, 116, 120, 137, 161
Eletropar 16, 53, 86–87, 97, 119, 131, 169
Eleva Educação 75
Elevar Equity 80
Elfa Participações e Administração 97, 133
Elfer Alumínio 111
Elvinger, Hoss & Prussen 17, 60
Emmi do Brasil Holding 91
Energisa 93
Ênfase Medicina 90
Eólica Tecnologia 103
Equatorial Energia 110
Escola Da Vila Butantã 102
Escola Da Vila Morumbi 102
Escola Sá Pereira 115
Escolas Integradas Raiz 115
Estácio Participações 75
eStoks 107
Estre Ambiental 120, 157, 171
Euro Latina Finance 16, 74
European Energy 103
Evercore Partners 61
ExxonMobil Exploração Brasil 96
Ffacepa 63, 102
Fagundes Pagliaro Advogados 94, 100, 138
FANACIF 65
Faria Lima 1355 FIP 31
Farol Indústria e Comércio 118, 167
fasa 118, 167
Fast Burger 93, 145, 153
FB Participações 17, 27, 61, 85–86, 104, 109, 112
Felsberg Advogados 94, 100
Fema 2 Investimentos e Participações 112
Ferraz de Camargo e Matsunaga Advogados 94, 101
Fialho Salles Advogados 33, 94, 101
Fides Capital 80
Fiinlab 72, 99, 103
FIP Bazar 95, 123
FIP BR Ambiental 31
FIP Brasil Energia 110
FIP Criatec II 41, 73–74, 80
FIP Criatec III 80, 101
fIP florestal 16, 27, 63, 99, 104, 116, 120
fIP INSEED fIMA 41
fIP Lambda3 16
fIP Nova Infraestrutura 16
fIP Performa Key 103
FIP Pirineus 89, 108, 141
fIP RPEV1BRAZIL 80
FIP Venture Brasil Central 103
Firb CFI Brazil 84, 89
fJ Labs 43, 71–72, 82
fleury 91
Força Eólica do Brasil 1 54
Força Eólica do Brasil 2 54
Fosun Group 57, 72
Fosun Investimentos 31
fosun Property 33, 72
Fras-le 65
FreitasLeite Advogados 31, 94, 102
Frigorífico Ceratti 105, 165, 173
Frutarom Brasil 91, 95, 110, 157
Fundação Zerrenner 16, 72, 96, 109, 127
Fundo Sul Inovação 80
GGalenika 64
Garrigues Colombia 18
Garrigues Spain 16, 53
Gávea Investimentos 72
Gazit Brazil 70, 131
Gedik & Eraksoy 17, 60
Gemma Frisius - Fonds K.U. Leuven 62
General Atlantic 33, 75
General Water 33, 96, 129
Geneve Investimentos 109
Gerdau 16, 60, 111
GIC Realty 75, 105
GIC Special Investments 75, 147
GIf IV fIP 93, 118
Global Founders Capital 77
GN da Barra Empreendimentos e Participações 89
Go4it 26, 80
Gobierno de Serbia 64
Goldman Sachs 17, 43, 60, 74, 84, 89, 98
Goldman Sachs Private Equity Group 74
Gómez-Acebo & Pombo Spain 43
Good Food 93, 145, 153
Goulart & Colepicolo Advogados 70
Gran Tierra Energy 55, 169
Gran Tierra Energy Brasil 55, 169
Granarolo 91, 111
Greenbrier do Brasil Participações 65
Greenhill & Co. 84, 90
GreyHound Investment Banking Advisory 62
Grupo Agroceres 115
Grupo Ancar Ivanhoe 104
Grupo Caoa 65
Grupo Carrefour Brasil 70
Grupo Cruzeiro do Sul Educacional 75, 105, 145
Grupo Imaginarium 90, 98
Grupo Japungu 67
Grupo León Jimenes 18, 61
Grupo LTM 114
Grupo Nogar 76, 85, 106, 145, 161
Grupo Rio Quente 89
Grupo SDFLC 91, 95, 110, 157
Grupo Trend 108
GTM do Brasil 31
GuiaBolso 43, 81
Guide Investimentos 33, 72
Gupy 103
GVAngels 71, 80, 82, 107
HH.B. Fuller 106, 143
Haitong Banco de Investimento do Brasil 67
Halembeck Barros Advogados Associados 63, 94, 102
Halma 114
Hankoe FIP 89
Hapner Kroetz Advogados 140
Heather y Nicolau 17, 60
HF FIP 85
HFPAR Participações 85
HIG Capital 61, 71
Hinove Agrociencia 100, 139
Hormel Foods 105, 165, 173
Hortifruti 85, 95
Hospital São Bernardo 31, 92, 119
Hospital São Lucas - Ribeirão Preto 93
HSI- Hemisferio Sul Investimentos 31, 57, 71, 102
HSI V FIP 31, 102
Hughes & Hughes Abogados 65
Hunt Holding 75, 82
Hy-line 95, 123
IIBN 77
Ideal Invest 88
IENNE - Interligação Elétrica Norte e Nordeste 115
IGC Partners 33, 84, 90
IGLI 58, 117
IGNIA Partners 80
Iguatemi 57
Innova fIP 26, 43
Inova Ventures 73
InovaBra 76, 80
Insight Venture Partners 95, 123
Inspira Mudança Participações 90
InstaCarro 43
Integral Nutrição Animal 88, 109
BR
AZ
ILM
&A
HA
ND
BO
OK
20
18
Integris Consultoria 84, 90
Intel Capital 72, 80
Internacional Shopping Fundo de Investimento
Imobiliário 87–88
Internacional Shopping Guarulhos 70, 87–88, 131
Intervalor 119
Intesa 110
Inversiones Pollux 43, 98
Inversiones y Desarrollos 58
Invest Tech 41, 72, 112
IPREV - Df 72
Is Logistica 91
Isolux Energia e Participações 115
Itaú Power Shopping 95
Itaúsa 16, 31, 72, 85–86, 96, 105, 109, 120, 127
Itubombas 100
JJ&F Investimentos 31, 63, 85–86, 105, 120
Jackson Square Ventures 80
JBS 17, 27, 61, 85–87, 104, 109, 112–113, 161
JBS USA 87
JK Capital 84, 91
Jones Day US 18, 63
Joyl Gondim de Alencar Filho 95
KK&K Partners 84, 91
Kairos Society 75
Kamea Investimentos 172
Kaszek Ventures 71, 80, 82
Kick Ventures 73–74, 76, 80, 82
Kinea Co-investimento II FIP 93, 118
Kinea I Private Equity FIP 93, 118
King Food 93, 145, 153
Kirin 86, 91, 110, 117
KLA - Koury Lopes Advogados 17, 79, 94, 103
KMR Investment Partners 33, 108
Kong Rise 76, 85, 106, 145, 161
Kuehne + Nagel Serviços Logísticos 88, 114
LLabcor Laboratórios 17, 79, 92, 103–104, 106
Laboratório de Análises Clínicas Cruzeiro do Sul 92–93,
112
Laboratório Medico Vital Brasil 115
Laboratório São Marcos 85, 101
Laboratório Teuto 89
Labtec - Laboratorio de Ciência e Tecnologia 111
Lacus Energia 93
Laginha Agroindustrial 67
Lala Derivados Lácteos 17, 61, 85–86, 104, 109, 112
LandCo 57, 99
Landi, Rodrigues, Nakano e Giovannetti Advogados
94, 103
Latham & Watkins US 17, 79
Laticínios Porto Alegre 91
Lave Bras 16, 74
Leblon Equities 58
Lefosse Advogados 16–17, 33, 53, 61, 63, 70, 74–75,
94, 104
Leoni Siqueira Advogados 17, 58, 79, 94, 104
Levian Participações 70, 87–88
LGT Impact 33, 96, 129
Lilla, Huck, Otranto, Camargo Advogados 75, 94, 105
Linklaters China 76
Linklaters Deutschland 17, 60
Linklaters France 18, 64, 74
Linklaters Hong Kong 18, 64, 74
Linklaters UK 18, 64, 74
Linklaters USA 76
Lino, Beraldi, Belluzzo e Caminati Advogados 31, 94, 105
Linx Sistemas 101
Litel Participações 68, 85, 91, 96, 99, 113, 116, 120,
137, 161
LMG Roupas 90, 98
Lobo de Rizzo Advogados 16–17, 31, 33, 43, 60,
75–76, 79, 94, 106, 144
Loc Sites Infraestrutura Telefônica 110, 157
Localcred 89
Locamerica 87, 93, 118
Loeser e Portela Advogados 94, 106, 142–143
Log & Print 115, 151
Log & Print Dados Variáveis 115
Logistics V FIP 74
Lone Star Brazil Holdings 2 92, 114
Lone Star funds 72–73
L’Oréal 64, 74, 118
Lumia Capital 43, 71, 82
Luxottica Group 70
MM3 Investimentos 82
Machado, Meyer, Sendacz e Opice Advogados 16,43,
53-55,67,68,74-76,81,94,107,146,147
Machado Nunes Advogados 94, 107, 148
Madrona Advogados 33, 41, 64, 77, 94, 108, 150–151
Madrone Capital Partners 80
Magma 84, 91
Magnesita 60, 88, 112
Maha Energy 55, 169
Majela Medicamentos 97, 133
Manassero e Campello Advogados 94, 108
Marlos Nogueira Advocacia de Negócios 152
Mattos Engelberg Advogados 94, 109
Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados
16–17, 31, 33, 53–55, 57, 60–61, 63, 65, 72,
74–76, 79, 94, 109, 154
Meadowbridge Holding 114
Medina Garrigó Abogados 18, 61
Mercado Libre’s Fund 71, 82
Mercado Livre 77
Merrill Lynch Brasil 53, 70, 75
Metal Brazil Participações 101
Metalúrgica Gerdau 16, 60, 111
MIA 71, 82
Mitrani, Caballero & Ruiz Moreno Abogados 17, 60
Mitsui & Co 68, 85, 91, 96, 99, 113, 116, 120, 137, 161
MNA - Miguel Neto Advogados 94, 110
MobiCloud 93
Momento Engenharia Ambiental 100, 139
Monashees Capital 26, 43, 71–73, 80–82, 98, 127, 167
Morgan Stanley 68, 84, 91, 137
Moringa Fund 61
Mountain Nazca (ex Nazca Ventures) 80, 82
Movile 43
Movile Mobile Commerce Holdings 43
Moy Park 61, 87, 113, 161
Multilav Esterilizações 93
MultiLav Lavanderia 93
Multiscan Imagem e Diagnóstico 119
Mundie e Advogados 94, 110
Murphy Brazil 96
Muxi 41
NNaspers 43
Natura 18, 26, 64, 74, 118, 161
NBF Advogados 158 - 159
Neoenergia 16, 53–55, 87, 104, 107, 109, 113, 161
Neoway Tecnologia 43, 98
New Steel 89
Nordic Power Partners 86
NotreDame Intermédica 31, 92–93, 112, 119
Nova Energia Holding 54
Novità Aceleradora de Investimentos 80
NTS Nova Transportadora do Sudeste 16
OOba Hortifruti 95
Odata 18
Odata Colombia 18
Odebrecht Ambiental - Ativos Maduros 31
Odebrecht Mining Service Investiments 68
Odebrecht Utilities 88
Olimpia Partners 64, 84, 92
OM.Group 91
Omega Desenvolvimento III FIP 16
Omega Energia e Implantação 2 16
Omega Geração 16
Orange County FIP 70
Organização Médica Cruzeiro do Sul 92–93, 112
Orrick, Herrington & Sutcliffe 43
Osher Tech 72, 80
Otavio Yazbek Advogados 16, 60, 94, 111
Óticas Carol 70
Ourolac 33, 90, 120, 171
PPagBem 112
Palmira 33, 108
Palr 65
Pangea Two Acquisition Holdings XX 33, 71, 108
Pangea Two Acquisition Holdings XXI 33, 71, 108
Paranainvest 87
Parque Empresarial Betim II 95, 165
Parque Empresarial Contagem I 95, 165
Partners Group 71
Patria Brazilian Private Equity III FIP 63, 101
Patria Brazilian Private Equity IV FIP 63, 101
BR
AZ
ILM
&A
HA
ND
BO
OK
20
18
Patria Economia Real FIP 63, 101
Patria Investimentos 53, 57, 60, 63, 67, 71, 74, 76, 80
Pátria Private Equity Fund III Co-investimento FIP 63, 101
Patria Setorial I FIP 63, 101
Pattac Empreendimentos e Participações 76, 85, 106,
145, 161
Paul Hastings US 33, 72
Paul, Weiss, Rifkind, Wharton & Garrison 33, 61, 72
Pedra Azul - Fundo de Investimento Multimercado 95
Peixoto & Cury Advogados 94, 111
Península Participações 70–71, 125
Pereira e Lolli Sociedade de Advogados 89
Pereira Neto Macedo Advogados 94, 111
Performa Investimentos 60, 62, 73
Perlman, Vidigal e Godoy Advogados 41, 94, 112
Peterson McVicar 68
PetroRio 98
Petros 16, 27, 57, 72, 86, 96, 109, 127
Pfizer Brasil 89
Physics Cidade Nova 90
Physics Vestibulares 90
Pilgrim’s 61, 87, 113
Pimentel & Rohenkohl Advogados 73
Pinheiro Guimarães 17, 60–61, 94, 112
Pinheiro Neto Advogados 16, 18, 31, 33, 58, 61, 64–65,
68, 72, 74, 76, 94, 113, 160
Planalto Postura 95, 123
Plastek 106, 143
Plumrose 87
PMKA Advogados 94, 113
PMV - Participatiemaatschappij Vlaanderen 62
Point Break Capital Management 43, 80, 98
Policard 88, 90
Portonave - Terminais Portuarios De Navegantes 86,
97, 107, 131, 147
PP Promotora de Vendas 41, 99
PP&C Auditores Independentes 174
PQA Produtos Químicos 116
PREVI 89
Primav Construções e Comércio 58, 117
Primav Infraestrutura 58, 117
Principal 93, 118
Priner 88, 92, 109
Print Laser Cartões 115
Prologis 57
Proterra Investment Partners 67
Provale Holdings 62, 114
Provence Capital 82
Puket 90, 98
PwC Italy 70
QQGEP Participações 96
QGN 116
QMS Capital 43, 80, 98
Qualcomm Ventures 43, 76, 81–82, 127, 167
quantiQ 31
Quebec Engenharia 33, 101
RR Brasil Soluções 89
R.Beer Consultores 64
R3 CEV 79, 98, 119
Rayes & Fagundes 162–163
RCC Participações Sociais 87
Rec 2017 Empreendimentos e Participações i 31
Rec 2017 Empreendimentos e Participacoes II 102
REC PDC Holding Participações 31
Rede de Investidores Anjo (RIA) 80
Redpoint e.Ventures 77, 82
Refa Participações 81
Renova Energia 54, 165
Resource Capital Funds 62, 114
Revelo 73
RFN Participações Sociais 87
RGS Partners 17, 58, 79, 84, 92
RHI-MAG 60, 88, 112
Rico, Robles, Libenson y Bernal 17, 61
Rio Alto Energia 86
Rio Minas Energia Participações 16, 53
Rise Capital 43, 71, 82
Ritch, Mueller 17, 60
Riverwood Capital 43, 77, 80–82, 127, 147, 167
Rocketship.vc 43, 71, 82
Rolim de Mello Advogados 62, 94, 114
Rondinha Energética 89, 108, 141
Rosenberg Partners 64
Rosman, Penalva, Souza Leão, Franco, Vale Advogados
94, 114
SSalomãoZoppi Diagnósticos 74
Salusse Marangoni Advogados 94, 115
Samambaia Master FIA 93
Santander Global Banking & Markets Brasil 16, 53
São Carlos Empreendimentos e Participações 113
São Lucas Ribeirânia 93
São Lucas Ribeirânia Diagnósticos 93
SAS Sistema de Ensino 33
SBA Torres Brasil 110, 157, 165
SC São Paulo CE Aço Empreendimentos e Participações
113
Schutter do Brasil 73
SeedRocket 4Founders Capital 80
Seek 73
Seekr 125
Sementes Selecta 99, 105
Serabi Gold 68, 95
Serdil 91
Setter Investimentos 84, 92
Shearman & Sterling 57
Shell 55, 97, 131
ShopBack 101
Shopping Granja Vianna 31, 102
Shopping Paralela 31, 102
Sidley Austin US 18
Siegwerk Brasil Indústria de Tintas 62
Siguler Guff & Company 33, 61, 71, 90, 120, 171
Simpson Thacher & Bartlett Brasil 43, 81
Simpson Thacher & Bartlett US 43, 81
Smartcoat 88, 92, 109
Soares Bumachar Advogados 94, 115
Sociedade Mineira de Catoca 68
Soifer Participações 76, 85, 106, 145, 161
Solar Tecnologia 103
SolarGrid 91
Solis 41
Solo ATS Participações do Brasil 90, 97, 133
Somos Educação e Participações 108, 111
Soros Fund Management 43
Souza, Saito, Dinamarco e Advogados 61, 94, 107,
113–116, 150
SP Ventures 41, 72, 80, 82, 99
SPE Assurua Geradora de Energia Solar 33, 101
SPE Mônaco Participações 104
Spe Xangai Participações 31
Squire Patton Boggs Peña Prieto 18, 61
SRB Banco de Negócios 84, 93
Stelac SPV XXI 33, 108
Stocche Forbes Advogados 16 - 17,31,33, 54, 58, 63,
74, 76 - 77, 94, 116
STS Gaea Capital 84, 93
SV Law 68, 94, 116
TTauil & Chequer Advogados 58, 94, 117
Tiger Global Management 43, 81–82, 127, 167
TozziniFreire Advogados 16 - 17, 31, 33, 54, 57, 62, 64,
65, 70, 74, 94, 117, 164
Trench, Rossi e Watanabe Advogados 18, 31, 54, 55,
64, 74, 94, 118
TUC Participações Portuárias 76, 85, 106, 145, 161
UUBS 141
Ulhôa Canto, Rezende e Guerra Advogados 94, 118, 166
Unicid 75, 105
VVeirano Advogados 16, 33, 53, 55, 61–62, 77, 79, 94,
119, 168
Vella Pugliese Buosi e Guidoni Advogados 94, 119
Vieira Rezende Advogados 16, 31, 54–55, 63, 68, 75,
94, 120
Vinci Capital 75
Vinci Capital Partners II FIP 93, 118
Vinci Partners 33, 84, 93
Vox Capital 99, 103
YYellow Ventures 80, 103
ZZancan Advogados 33, 94, 120, 170
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