M&A Handbook - TTRecord.com...Finance and Project Finance) visit TTR at . Contents Definitions7...

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


ME

RG

ER

S &

AC

QU

ISIT

ION

S B

RA

ZIL

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




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%


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%


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


ME

RG

ER

S &

AC

QU

ISIT

ION

S B

RA

ZIL

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


ME

RG

ER

S &

AC

QU

ISIT

ION

S B

RA

ZIL

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


ME

RG

ER

S &

AC

QU

ISIT

ION

S B

RA

ZIL


(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


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 Elvinger, Hoss & Prussen

3 Gedik & Eraksoy

3 Linklaters Deutschland


3 Mitrani, Caballero & Ruiz Moreno Abogados

3 Ritch, Mueller, Heather y Nicolau


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 Santander Brasil

3 Citibank Brazil

3 Goldman Sachs

5 RGS Partners


ME

RG

ER

S &

AC

QU

ISIT

ION

S B

RA

ZIL


(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


ME

RG

ER

S &

AC

QU

ISIT

ION

S B

RA

ZIL

TOTAL VALUE (R$m)

No. Of DEALSLEGENDAcquisitions by foreign buyers in Brazil




LEGEND

Aggregate value and volume of deals by market segment




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


ME

RG

ER

S &

AC

QU

ISIT

ION

S B

RA

ZIL

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


ME

RG

ER

S &

AC

QU

ISIT

ION

S B

RA

ZIL

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


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


ME

RG

ER

S &

AC

QU

ISIT

ION

S B

RA

ZIL

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


Internet



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


ME

RG

ER

S &

AC

QU

ISIT

ION

S B

RA

ZIL

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


ME

RG

ER

S &

AC

QU

ISIT

ION

S B

RA

ZIL

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


ME

RG

ER

S &

AC

QU

ISIT

ION

S B

RA

ZIL

Subsectors in which Brazil-based buyers made most acquisitions abroad

Marketing and Advertising

Electric Energy

fashion and Textile



Sports and Leisure

Real Estate

Cars, Motorcycles and Other Vehicles

Telecoms

food Industry

Electronics


Agriculture, Agribusiness, farming and fishing


Tourism, Hotels and Restaurants

Pharmaceutical, Parapharmaceutical and Cosmetics


Internet


Technology 11

9

3

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

2

7





Industry

No. Of DEALS by SUBSECTORLEGEND


ME

RG

ER

S &

AC

QU

ISIT

ION

S B

RA

ZIL

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


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


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


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


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






7 8 FreitasLeite Advogados


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


Internet


Wind Energy

Education


Agriculture, Agribusiness,farming and fishing

food Industry


Electric Energy

Real Estate



Telecoms



Waste Management, Pollution and Recycling

Technology




Education

Real Estate

Wind Energy

Electric Energy


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



food and Beverage


Internet


Wind Energy

Education


Agriculture, Agribusiness,farming and fishing

food Industry


Electric Energy

Real Estate



Telecoms




Technology




Education

Real Estate

Wind Energy

Electric Energy


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


RR Naturales

SS y Distribución



Industria

Infrastructure

Infraestructuras


RR Naturales

SS y Distribución



Industria

Real State and Construction

Infraestructuras


RR Naturales

SS y Distribución



Industria

Natural Resources

Infraestructuras


RR Naturales

SS y Distribución



Industria


Infraestructuras


RR Naturales

SS y Distribución



Industria


Infraestructuras


RR Naturales

SS y Distribución



Industria

Military - State Defense


PR

IVA

TE

EQ

UIT

Y

BR

AZ

IL

Largest investments by foreign Private Equity funds in Brazil


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 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 Veirano Advogados

4 Fialho Salles 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


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 - - -


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


PR

IVA

TE

EQ

UIT

Y

BR

AZ

IL

Subsectors most targeted by foreign Private Equity funds in Brazil

Infraestructuras


RR Naturales

SS y Distribución



Industria

2017 2016 2015 2014


3 2 4 1


2 1 - 1

Infraestructuras


RR Naturales

SS y Distribución



Industria

2017 2016 2015 2014

Technology 2 1 2 4

Infraestructuras


RR Naturales

SS y Distribución



Industria2017 2016 2015 2014

Food Industry 2 - 1 -

Infraestructuras


RR Naturales

SS y Distribución



Industria

2017 2016 2015 2014

Electric Energy 2 - 1 -


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


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


VE

NT

UR

E C

AP

ITA

L B

RA

ZIL

Largest Venture Capital transactions in Brazil(excluding Cross-border)


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



VE

NT

UR

E C

AP

ITA

L B

RA

ZIL

Total No. of deals


food and Beverage

Media, Multimedia and Editorial




Electronics

Education






Internet

Technology

NUMBER DEALS

TOTAL VALUE



food and Beverage


Construction (Materials and Machinery)

Education



Electronics



Real Estate

Internet


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


RR Naturales


Industria

21

11

10

10

5

4

4

4

4

3

3

23

24

45

98


food and Beverage





Electronics

Education






Internet

Technology

NUMBER DEALS

TOTAL VALUE



food and Beverage



Education



Electronics



Real Estate

Internet


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


RR Naturales


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


Energies

Infraestructuras


RR Naturales

SS y Distribución



IndustriaIndustry Infraestructuras


RR Naturales

SS y Distribución



Industria

Infrastructure

Infraestructuras


RR Naturales

SS y Distribución



Industria


Infraestructuras


RR Naturales

SS y Distribución



Industria

Natural Resources

Infraestructuras


RR Naturales

SS y Distribución



Industria


Infraestructuras


RR Naturales

SS y Distribución



Industria


Infraestructuras


RR Naturales

SS y Distribución



Industria



VE

NT

UR

E C

AP

ITA

L B

RA

ZIL


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 Simpson Thacher & Bartlett US

1 Simpson Thacher & Bartlett Brasil


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


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)


VE

NT

UR

E C

AP

ITA

L B

RA

ZIL

Subsectors most targeted by foreign Venture Capital funds in Brazil

Infraestructuras


RR Naturales

SS y Distribución



Industria

2017 2016 2015 2014

Financial and Insurance

10

5 2 2


9

8

6 11


7 9

6 -

Education 4 2 9

1


3 4 1 2

Infraestructuras


RR Naturales

SS y Distribución



Industria

2017 2016 2015 2014

Technology 24

25

22

9

Internet 18

32

53

41


VE

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


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


Industry

Infrastructure




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




SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

BR

AZ

IL

Most active subsectors in 2017

Number of DealsNUMBER DEALS TOTAL VALUE

Ports

Education





fashion and Textile

Technology





Real Estate

Mining




Biomass Energy

Wind Energy

food Industry

Electric Energy







food Industry



Electric Energy

Education

Real Estate


Internet




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


Energies

Industry Infrastructure Real State and Construction

Natural Resources


SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

BR

AZ

IL

Total Value (R$m)NUMBER DEALS TOTAL VALUE

Ports

Education





fashion and Textile

Technology





Real Estate

Mining




Biomass Energy

Wind Energy

food Industry

Electric Energy







food Industry



Electric Energy

Education

Real Estate


Internet




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





SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

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 -



SE

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


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


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 Veirano Advogados


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 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


SE

CT

OR

S A

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







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 Stikeman Elliott


1 2 Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados



3 Vieira Rezende Advogados, Neoenergia


SE

CT

OR

S A

ND

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


9 West (Mubadala) United Arab Emirates 1

Cambuhy Investimentos Brazil 2

Southern Cross Group United States 1




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




3 Veirano Advogados



3 Vieira Rezende Advogados, Neoenergia


SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

BR

AZ

IL


Real Estate 49


25



SE

CT

OR

S A

ND

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




fosun Group China 1

HSI- Hemisferio Sul Investimentos Brazil 1


VBI Real Estate Brazil 1

Ventiur.net Brazil 1



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



2 Shearman & Sterling


Financial Advisors

1 Banco Itaú BBA


SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

BR

AZ

IL


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



Confrapar Brazil 1

Leblon Equities Brazil 1



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




2 Tauil & Chequer Advogados

Financial Advisors

1 RGS Partners


SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

BR

AZ

IL



40

Food Industry 36


22


19


10

Automotive and Recreational Vehicles 10

Fashion and Textile 6

Aerospace and Aeronautical 4

Other Consumer Goods 3

Shipbuilding 1

Tobacco 1

Industry


SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

BR

AZ

IL


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


American Private Equity United States 1

Brazilian Private Equity III FIP Brazil 1

Brazilian Private Equity IV FIP Brazil 1


Performa Investimentos Brazil 1




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


3 BR Partners

Legal Advisors


1 Linklaters Deutschland


1 Allen & Overy Netherlands

1 Mitrani, Caballero & Ruiz Moreno Abogados


1 Elvinger, Hoss & Prussen

1 Gedik & Eraksoy


1 Allen & Overy Germany

1 Ritch, Mueller

1 Heather y Nicolau

2 Otavio Yazbek Advogados




SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

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


2bCapital Brazil 1

Arlon Group United States 3

HIG Capital United States 1

Moringa Fund france 1

Siguler Guff & Company United States 1




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 Rico, Robles, Libenson y Bernal


1 Creel, García-Cuéllar, Aiza y Enríquez

1 Lefosse Advogados


2 Paul, Weiss, Rifkind, Wharton & Garrison



Legal Advisors


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



Financial Advisors

1 Barclays Bank

1 Evercore Partners

1 BNP Paribas Corporate & Investment Banking


SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

BR

AZ

IL


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


Advent International United States 1

Gemma Frisius - Fonds K.U. Leuven Belgium 1


PMV - Participatiemaatschappij Vlaanderen Belgium 1

Resource Capital Funds United States 2





1 Cristal Pigmentos Tronox Private Shareholders 5.172,01

2 Tupahue TintasSiegwerk Brasil Indústria de Tintas


3 Provale HoldingsResource Capital Funds, Private Shareholders

- 16,00

Financial Advisors

3 GreyHound Investment Banking Advisory

Legal Advisors



3 Rolim de Mello Advogados

3 Veirano Advogados


SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

BR

AZ

IL


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


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


Pátria Private Equity Fund III Co-investimento FIP Brazil 1

Patria Setorial I FIP Brazil 1




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 Stocche Forbes Advogados



2 Jones Day US

3 Halembeck Barros Advogados Associados



SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

BR

AZ

IL


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




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 Linklaters UK

1 Linklaters France


1 Baker McKenzie UK


2 Tavernard Advogados

2 Madrona Advogados


SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

BR

AZ

IL


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




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


1 Baker McKenzie China

2 Hughes & Hughes Abogados

2 Allende & Brea Abogados




SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

BR

AZ

IL



30

Mining 8

Forestry -

Natural Resources


SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

BR

AZ

IL


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



Algar Ventures Brazil 1

Aqua Capital Brazil 2


Proterra Investment Partners United States 1

Tarrant Capital United States 1



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



Financial Advisors

2 Banco Itaú BBA

2 Haitong Banco de Investimento do Brasil


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




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 SV Law



1 3 Barbosa, Müssnich, Aragão

3 Azevedo Sette Advogados

3 Peterson McVicar

3 Borden Ladner Gervais

Financial Advisors


1 Morgan Stanley


SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

BR

AZ

IL



105


103


81


76

Education 43


39


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



SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

BR

AZ

IL


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




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



2 Goulart & Colepicolo Advogados

3 Lefosse Advogados


Financial Advisors

2 Banco Itaú BBA

2 BR Partners


3 Merrill Lynch Brasil

3 PwC Italy


SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

BR

AZ

IL




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


Península Participações Brazil 1

Rise Capital United States 2

Rocketship.vc United States 1

Siguler Guff & Company United States 1

Tsing Capital China 1


WOW Brazil 1

XG Ventures United States 1


SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

BR

AZ

IL


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




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




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




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


investments


fosun Group China 1

Gávea Investimentos Brazil 1

Intel Capital United States 1

Invest Tech Brazil 1

Lone Star funds United States 1


Osher Tech Brazil 1

SP Ventures Brazil 1

Vostok Emerging Finance

Bermuda 1

WOW Brazil 1


SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

BR

AZ

IL



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


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



A5 Capital Partners Brazil 1


American Private Equity United States 1

Apollo Global Management United States 1


Canary Brazil 2

FIP Criatec II Brazil 1

Inova Ventures Brazil 1

Kick Ventures Brazil 2

Lone Star funds United States 1



Valor Capital Group United States 1

WOW Brazil 3


SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

BR

AZ

IL


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




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 Linklaters UK

1 Linklaters France


1 Baker McKenzie UK



3 Lefosse Advogados



Financial Advisors

2 Euro Latina Finance


investments

ACE Aceleradora Brazil 1

Athena Saúde Holding Brazil 1

Bain Capital United States 2

Blackstone United States 1




investments

Goldman Sachs Private Equity Group

United States 1



Victoria Capital Partners Argentina

Argentina 1


SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

BR

AZ

IL


investments


Confrapar Brazil 1

DGF Investimentos Brazil 1


Domo Ventures Brazil 1

e.Bricks Digital Brazil 1

General Atlantic United States 1


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



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 Lilla, Huck, Otranto, Camargo Advogados


1 Lefosse 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



SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

BR

AZ

IL


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




1 TCP Participações Kong Rise

Advent International (Global), APM Terminals, Grupo Nogar, TUC Participações Portuárias, Soifer Participações, Pattac Empreendimentos e Participações

2.891,25




1.729,00

3Portonave - Terminais Portuarios De Navegantes

TIL- Terminal Investment Limited Triunfo Participações 1.300,00

Legal Advisors


1 Linklaters China

1 Linklaters USA






Financial Advisors

1 3 Banco BTG Pactual

3 Banco Itaú BBA



investments


Cartesian Capital Group

United States 1

Cartesian Capital Group Brasil

Brazil 1

InovaBra Brazil 1


investments



Qualcomm Ventures United States 1

Stratus Brazil 1



SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

BR

AZ

IL



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 Veirano Advogados

2 Madrona Advogados

2 Carr McClellan

2 Chapman Associates

Financial Advisors

1 IBN

1 AM Partners


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




Global Founders Capital Germany 1

Redpoint e.Ventures Brazil 1

Riverwood Capital United States 1


SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

BR

AZ

IL


Technology

185

Internet

78

Telecoms 12

Electronics 11

Biotechnology 3



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




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 KLA - Koury Lopes Advogados

1 Latham & Watkins US


1 Vischer Switzerland

2 Akin Gump Strauss Hauer & Feld


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


SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

BR

AZ

IL


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


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 Ventures Brazil 1

Elevar Equity United States 1

Fides Capital Spain 1


FIP Criatec III Brazil 4

fIP RPEV1BRAZIL Brazil 1

Fundo Sul Inovação Brazil 1

Go4it Brazil 1


investments

GVAngels Brazil 2

IGNIA Partners Mexico 1

InovaBra Brazil 1

Intel Capital United States 1

Jackson Square Ventures

United States 1



Madrone Capital Partners

United States 1


Mountain Nazca (ex Nazca Ventures)

Chile 1

Novità Aceleradora de Investimentos

Brazil 1

Osher Tech Brazil 1


Point Break Capital Management

Cayman Islands 1

QMS Capital Brazil 1

Rede de Investidores Anjo (RIA)

Brazil 1


SeedRocket 4Founders Capital

Spain 1


SuperJobs Ventures Brazil 2



WOW Brazil 5

Yellow Ventures Brazil 1


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




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 Simpson Thacher & Bartlett US

1 Simpson Thacher & Bartlett Brasil


SE

CT

OR

S A

ND

SU

BS

EC

TO

RS

BR

AZ

IL


Astella Investimentos Brazil 1


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


GVAngels Brazil 1

Hunt Holding United States 1



Lumia Capital United States 3

M3 Investimentos Brazil 1

Mercado Libre’s Fund Argentina 1

MIA Brazil 1


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


Rocketship.vc United States 1


SuperJobs Ventures Brazil 1

Tiger Global Management United States 1

Travel Capitalist Ventures United Arab Emirates 1



Vostok Emerging Finance Bermuda 3

6Most Active Advisors


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


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


- -

No. of deals advised* 5 Total value

(R$m) 80,00

Banco Bradesco BBI


(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


No. of deals advised* 20

Total value

(R$m)19.559,39

Banco BTG Pactual


(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


2.891,25


(R$m) 18.432,77


fIN

AN

CIA

L AD

VIS

OR

S B

RA

ZIL

Banco ABC Brasil


(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


(R$m) 1.853,78

Banco Itaú BBA


(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



TIL- Terminal Investment Limited

Triunfo Participações

1.300,00 -


(R$m) 18.727,60

Banco Santander


(R$m) Awards

1 CPFL Energia BrazilElectric Energy; Wind Energy; Biomass



11.309,91 -

2 Vigor Alimentos Brazil food IndustryLala Derivados Lácteos

JBS, fB Participações, Arla foods

5.025,00





1.300,00 -


(R$m) 17.736,07


fIN

AN

CIA

L A

DV

ISO

RS

BR

AZ

IL

Bank of America


(R$m) Awards




11.309,91 -

2 Elektro Holding Brazil Electric Energy Neoenergia - 4.260,00


BrazilDistribution and Retail

Internacional Shopping Fundo de Investimento Imobiliário

Levian Participações

937,00 -


(R$m) 17.488,43

Barclays Bank


(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 -


(R$m) 4.737,71

BB Investimentos


(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 -


(R$m) 4.412,53


fIN

AN

CIA

L AD

VIS

OR

S B

RA

ZIL

BR Partners


(R$m) Awards


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 -


(R$m) 2.266,24

Brasilpar


(R$m) Awards

1 Integral Nutrição Animal

Brazil food IndustryCargill Nutrição Animal


114,00 -

2Transeich Armazens Gerais, Transeich Assessoria e Transportes


BBM LogísticaKuehne + Nagel Serviços Logísticos

43,00 -

3 Policard BrazilFinancial and Insurance

Up Groupe Invest Participações


- -


(R$m) 157,00

Condere


(R$m) Awards

1 Smartcoat BrazilConstruction (Materials and Machinery)

PrinerPrivate Shareholders

45,00 -

2 Editora do Brasil BrazilMedia, Multimedia and Editorial



- -

3 Ideal Invest Brazil Financial and InsurancePrivate Shareholders

CAAf - -


(R$m) 45,00

Credit Suisse


(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 -


(R$m) 2.678,20


fIN

AN

CIA

L A

DV

ISO

RS

BR

AZ

IL

Cypress Associates


(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

- -


Total value

(R$m)140,50

Firb CFI Brazil


(R$m) Awards

1 Localcred BrazilConsultancy, Audit and Engineering

R Brasil Soluções

Private Shareholders - -

2 3A Soluções BrazilConsultancy, Audit and Engineering


Pereira e Lolli Sociedade de Advogados

- -


(R$m) -

Goldman Sachs


(R$m) Awards

1 Thyssenkrupp CSA BrazilSteel, Metallurgy and Industrial Production

Techint Holdings


2 Votorantim Siderurgia


ArcelorMittal Brasil

Votorantim - -

3 Laboratório Teuto BrazilPharmaceutical, Parapharmaceutical and Cosmetics


Pfizer Brasil - -


(R$m) 3.561,41


fIN

AN

CIA

L AD

VIS

OR

S B

RA

ZIL

Greenhill & Co.


(R$m) Awards

1 Policard Brazil Financial and InsuranceUp Groupe Invest Participações


- -

2 Deltaplam BrazilGlass, Ceramic, Paper, Plastics, Wood and Timber

Cryovac BrasilPrivate Shareholders

- -

3Solo ATS Participações do Brasil

Brazil food Industry UnileverPrivate Shareholders, BR Opportunities

- -


(R$m) -

IGC Partners


(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


71,30 -

3 Puket BrazilFashion and Textile; Distribution and Retail

Grupo ImaginariumLMG Roupas, Private Shareholders

- -


(R$m) 161,30

Integris Consultoria


(R$m) Awards

1Editora Physics, Physics Cidade Nova, Colégio Physics, Physics Vestibulares

BrazilDistribution and Retail; Education

Inspira Mudança Participações


- -

2 Ênfase Medicina Brazil EducationInspira Mudança Participações


- -


(R$m) -


fIN

AN

CIA

L A

DV

ISO

RS

BR

AZ

IL

JK Capital


(R$m) Awards

1 Grupo SDfLC BrazilFood Industry; Distribution and Retail

frutarom Brasil


110,00 -

2 Serdil BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics

fleuryPrivate Shareholders

29,80 -

3 Is Logistica BrazilTransport, Aviation and Logistics; Courier

Taqia Capital


- -


(R$m) 139,80

K&K Partners


(R$m) Awards

1 SolarGrid Brazil Solar Energy OM.Group - - -

2 Brasil Gourmet Brazil Food Industry; Distribution and Retail OM.Group - - -


(R$m) -

Magma


(R$m) Awards

1 Laticínios Porto Alegre


Emmi do Brasil Holding


- -

2 Allfood BrazilDistribution and Retail; Food Industry

GranaroloPrivate Shareholders

- -


Total value

(R$m)-

Morgan Stanley


(R$m) Awards



- 5.913,00 -

2 Brasil Kirin Holding Brazil food Industry Bavaria Brasil Kirin 2.408,20 -


(R$m) 8.321,20


fIN

AN

CIA

L AD

VIS

OR

S B

RA

ZIL

Olimpia Partners


(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 -


(R$m) 108,71

RGS Partners


(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 -


Priner Private Shareholders 45,00 -


(R$m) 1.743,44

Setter Investimentos


(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


110,00 -

2 Hospital São Bernardo BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics


EAMPM Participacões, Private Shareholders

40,18 -

3 Bemo do Brasil BrazilConstruction (Materials and Machinery)

The Colleman Group


- -


Total value

(R$m)150,18


fIN

AN

CIA

L A

DV

ISO

RS

BR

AZ

IL

SRB Banco de Negócios


(R$m) Awards

1

São Lucas Ribeirânia Diagnósticos, São Lucas Ribeirânia, Multilav Esterilizações, MultiLav Lavanderia, Hospital São Lucas - Ribeirão Preto


Caledônia SaúdePrivate Shareholders

73,00 -

2 Lacus Energia BrazilElectric Energy; Hydraulic Energy



20,00 -

3 MobiCloud Brazil Technology e-ConstrumarketPrivate Shareholders

- -


(R$m) 93,00

STS Gaea Capital


(R$m) Awards

1 Energisa Brazil Electric Energy Samambaia Master FIA - 157,60 -

2 Energisa Brazil Electric Energy Samambaia Master FIA - 213,92 -


(R$m) 371,52

Vinci Partners


(R$m) Awards

1 King Food, Good Food, Fast Burger

Brazilfood and Beverage

BK Brasil Private Shareholders 393,10 -

2 Unidas Brazil


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


Brazil



Private Shareholders 110,00 -


(R$m) 1.094,58


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.


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


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


LEG

AL

AD

VIS

OR

S B

RA

ZIL

Araujo e Fontes Advogados


(R$m) Awards

1Parque Empresarial Contagem I, Parque Empresarial Betim II

Brazil Real EstateCadillac Fairview Brasil Participações, Private ShareholdersI


98,00 -

2 Oba Hortifruti BrazilDistribution and Retail; Food and Beverage

Bozano InvestimentosPrivate Shareholders

- -


(R$m) 98,00

ASBZ Advogados


(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

- -


(R$m) -

Partners

1 2 3 Ricardo Melaré

Azevedo Sette Advogados


(R$m) Awards


frutarom Brasil


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 -


(R$m) 292,84

Partners

1 Joyl Gondim de Alencar Filho 3 Ana Paula Terra Caldeira

2 Luiz Augusto Azevedo Sette 3 Leandra Guimarães


LEG

AL A

DV

ISO

RS

BR

AZ

IL

Barbosa, Müssnich, Aragão


(R$m) Awards


Brazil Mining

Litel Participações, Bradespar, Mitsui & Co, BNDESPar, Elétron

- 5.913,00 -



Petros 4.520,00 -

3 Thyssenkrupp CSA BrazilSteel, Metallurgy and Industrial Production

Techint Holdings ThyssenKrupp 3.561,41 -


(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


(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


- -


(R$m) 140,00

Partners

2 Leonardo Costa

3 Marcelo Araújo de Castro Pereira

3 Marcus Vinicius Bitencourt


LEG

AL

AD

VIS

OR

S B

RA

ZIL

Candido Martins Advogados


(R$m) Awards

1Solo ATS Participações do Brasil

Brazil food Industry UnileverPrivate Shareholders, BR Opportunities

- -

2 Majela Medicamentos

Brazil


Elfa Participações e Administração


- -

3 BioValens BrazilChemical and Chemical Materials

BiosojaPrivate Shareholders

- -


(R$m) -

Partners

1 2 3 Henrique de Faria Martins

3 Alamy Candido de Paula Filho

3 Renata Simon

Cescon, Barrieu Flesch & Barreto Advogados


(R$m) Awards




11.309,91 -





1.300,00 -

3 Comgás Brazil Oil and Gas Cosan Limited Shell 1.156,85 -


(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


LEG

AL A

DV

ISO

RS

BR

AZ

IL

Chediak Advogados


(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

- -


(R$m) -

Partners

1 Caio Machado Filho

1 Daniel de Avila Vio

2 Julian Fonseca Peña Chediak

DCA - Dias Carneiro Advogados


(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 -


(R$m) 589,42

Partners

1 2 3 Eduardo Zilberber

3 Rodrigo Maito da Silveira


LEG

AL

AD

VIS

OR

S B

RA

ZIL

Demarest Advogados


(R$m) Awards



- 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 -


(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


(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 -


(R$m) 2.751,60

Partners

1 2 3 Rodrigo Menezes


LEG

AL A

DV

ISO

RS

BR

AZ

IL

Fagundes Pagliaro Advogados


(R$m) Awards

1 Momento Engenharia Ambiental

BrazilWaste Management, Pollution and Recycling

VeoliaPrivate Shareholders

- -

2 Hinove Agrociencia BrazilChemical and Chemical Materials



- -

3 Adespec BrazilChemical and Chemical Materials

WeberPrivate Shareholders

- -


(R$m) -

Partners

1 2 3 Leonardo Tonelo Gonçalves

Felsberg Advogados


(R$m) Awards

1 Digifarmz BrazilTechnology; Agriculture, Agribusiness, Farming and Fishing


- - -

2 Itubombas Brazil

Steel, Metallurgy and Industrial Production; Consultancy, Audit and Engineering; Distribution and Retail

Atlas CopcoPrivate Shareholders

- -


(R$m) -

Partners

1 Evy Cynthia Marques

2 João Carlos Anderson Corrêa de Mendonça


LEG

AL

AD

VIS

OR

S B

RA

ZIL

Ferraz de Camargo e Matsunaga Advogados


(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


10,00 -

2 ShopBack Brazil Technology Linx SistemasPrivate Shareholders

39,00 -


(R$m) 49,00

Partners

1 Rodrigo Ferraz de Camargo

Fialho Salles Advogados


(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


80,00 -

3 SVA Tech Brazil Technology FIP Criatec III - 4,50 -


(R$m) 199,50

Partners

1 2 3 Alice Dourado


LEG

AL A

DV

ISO

RS

BR

AZ

IL

FreitasLeite Advogados


(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


Private ShareholdersPrivate Shareholders

2,00 -


(R$m) 432,15

Partners

1 2 3 João Pedro Barroso do Nascimento

Halembeck Barros Advogados Associados


(R$m) Awards

1 facepa BrazilGlass, Ceramic, Paper, Plastics, Wood and Timber

Suzano Papel e Celulose


310,00 -

2 CBL Alimentos BrazilFood Industry; Distribution and Retail

Arlon food Ne Participações


71,30 -

3Berçário Espaço da Vila, Escola Da Vila Butantã, Escola Da Vila Morumbi

Brazil EducationBahema Educação SP


34,48 -


(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


LEG

AL

AD

VIS

OR

S B

RA

ZIL

KLA - Koury Lopes Advogados


(R$m) Awards



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 -


(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


(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 - - -


(R$m) 3,50


LEG

AL A

DV

ISO

RS

BR

AZ

IL

Lefosse Advogados


(R$m) Awards

1 Vigor Alimentos


JBS, FB Participações, Arla foods

5.025,00

2 Elektro Holding

Brazil Electric Energy Neoenergia - 4.260,00


CA Investment Brasil

fIP florestal 2.686,90 -


(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


(R$m) Awards



1.348,44 -

2 Concremat Brazil

Consultancy, Audit and Engineering; Construction (Materials and Machinery)

CCCC Brazil Participações


350,00 -

3 SPE Mônaco Participações

Brazil Real EstateGrupo Ancar Ivanhoe

BR Malls 166,30 -


(R$m) 1.895,74

Partners

1 2 3 Felipe de Assis Torres

1 Flavio Leoni Siqueira

2 João Felipe Viegas Figueira de Mello


LEG

AL

AD

VIS

OR

S B

RA

ZIL

Lilla, Huck, Otranto, Camargo Advogados


(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 -


(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


(R$m) Awards

1 Alpargatas Brazil Fashion and TextileItaúsa, Cambuhy Investimentos, Brasil Warrant


2 Cellera farma BrazilPharmaceutical, Parapharmaceutical and Cosmetics


VSAP24 fIP - -


(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


LEG

AL A

DV

ISO

RS

BR

AZ

IL

Lobo de Rizzo Advogados


(R$m) Awards

1 Thyssenkrupp CSA


Techint Holdings


2 TCP Participações


Kong Rise


2.891,25



1.348,44 -


(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


(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

- -


(R$m) -

Partners

1 2 Enrique Tello Hadad


LEG

AL

AD

VIS

OR

S B

RA

ZIL

Machado Nunes Advogados


(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

- - -


(R$m) 0,60

Partners

1 2 Rafael Younis Marques

Machado, Meyer, Sendacz e Opice Advogados


(R$m) Awards






1.300,00 -

3 Belagrícola Brazil


DKBA Participações


788,74 -


(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


LEG

AL A

DV

ISO

RS

BR

AZ

IL

Madrona Advogados


(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


Pangea Two Acquisition Holdings XX, Pangea Two Acquisition Holdings XXI

Private Shareholders, Palmira, KMR Investment Partners, Stelac SPV XXI

42,00 -


(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


(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

- -


(R$m) -

Partners

2 Fabia Elaine da Silva Moreira

2 José Eduardo Manassero


LEG

AL

AD

VIS

OR

S B

RA

ZIL

Mattos Engelberg Advogados


(R$m) Awards

1 Integral Nutrição Animal

Brazil food IndustryCargill Nutrição Animal


114,00 -


PrinerPrivate Shareholders

45,00 -

3 ALUB Brazil EducationGeneve Investimentos


- -


(R$m) 159,00

Partners

1 2 3 André de Godoy Fernandes

1 2 Cristiane Borges da Costa

3 Gustavo Penna Marinho



(R$m) Awards

1 Vigor Alimentos Brazil food IndustryLala Derivados Lácteos


5.025,00



Petros 4.520,00 -



(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


LEG

AL A

DV

ISO

RS

BR

AZ

IL

MNA - Miguel Neto Advogados


(R$m) Awards


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

- -


(R$m) 110,00

Partners

1 2 Bruno Hachebe Schiavoni Guarnieri

1 3 José Antônio Miguel Neto

Mundie e Advogados


(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 - -


(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


LEG

AL

AD

VIS

OR

S B

RA

ZIL

Otavio Yazbek Advogados


(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 -


(R$m) 1.355,00

Partners

1 2 Gustavo Machado Gonzalez

1 2 Otávio Yazbek

Peixoto & Cury Advogados


(R$m) Awards

1 Elfer Alumínio


CecilPrivate Shareholders

- -

2 Allfood BrazilDistribution and Retail; food Industry

GranaroloPrivate Shareholders

- -


(R$m) -

Pereira Neto Macedo Advogados


(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

- -


(R$m) -

Partners

1 Paulo de Lorenzo Messina

2 Ricardo Ferreira de Macedo


LEG

AL A

DV

ISO

RS

BR

AZ

IL

Perlman, Vidigal e Godoy Advogados


(R$m) Awards

1


Brazil




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

- -


(R$m) 131,00

Partners

1 Andrea Coimbra de Oliveira Anger

1 Marcelo Perlman

Pinheiro Guimarães


(R$m) Awards

1 Vigor Alimentos



5.025,00

2 Ultrafertil BrazilTransport, Aviation and Logistics

Vale - Companhia Vale do Rio Doce


499,22 -

3 Magnesita BrazilSteel, Metallurgy and Industrial Production

RHI-MAGPrivate Shareholders

447,24 -


(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


LEG

AL

AD

VIS

OR

S B

RA

ZIL

Pinheiro Neto Advogados


(R$m) Awards



- 5.913,00 -


3 Moy Park Ireland food Industry Pilgrim’s JBS 4.008,97 -


(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


(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 -


(R$m) 1.035,45

Partners

1 3 Rafael Gobbi

1 3 Sérgio Ricardo Souza Kawasaki


LEG

AL A

DV

ISO

RS

BR

AZ

IL

Rolim de Mello Advogados


(R$m) Awards

1Transeich Armazens Gerais, Transeich Assessoria e Transportes


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 -


Total value

(R$m)72,94

Partners

1 3 Carlos José Rolim de Mello

2 3 Fernando Gentil Monteiro



(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


- -


(R$m) 39,92

Partners

1 2 Luciano de Souza Leão Jr.


LEG

AL

AD

VIS

OR

S B

RA

ZIL

Salusse Marangoni Advogados


(R$m) Awards

1Print Laser Cartões, Log & Print Dados Variáveis

BrazilPrinting and Binding

Log & PrintPrivate Shareholders

- -

2 Escola Sá Pereira Brazil EducationEscolas Integradas Raiz


- -


(R$m) -

Partners

2 Felipe Hannickel Souza

Soares Bumachar Advogados


(R$m) Awards

1IENNE - Interligação Elétrica Norte e Nordeste

Brazil Electric Energy CTEEPIsolux Energia e Participações, CYMI

101,16 -

2 Laboratório Medico Vital Brasil


DASAPrivate Shareholders

- -


(R$m) 101,16

Partners

1 Eduardo Soares

2 Marcela Britto Correa Figueiró

Souza, Saito, Dinamarco e Advogados


(R$m) Awards

1 Binova BrazilChemical and Chemical Materials; Agriculture, Agribusiness, Farming and Fishing

Grupo Agroceres


- -

2 Assistcare BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics

BSL - Brazil Senior Living


- -


(R$m) -

Partners

1 2 João Felipe Dinamarco


LEG

AL A

DV

ISO

RS

BR

AZ

IL

Stocche Forbes Advogados


(R$m) Awards




2Complexo Eólico Ventos do Araripe III

BrazilElectric Energy; Wind Energy

VTRM Energia Casa dos Ventos 1.800,00 -


BrazilTransport, Aviation and Logistics; Ports



1.729,00 -


(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


(R$m) Awards



- 5.913,00 -

2 Carbonor BrazilChemical and Chemical Materials

PQA Produtos Químicos QGN - -


(R$m) 5.913,00

Partners

1 Marcos Monteiro Schroeder

2 Rodrigo Valverde


LEG

AL

AD

VIS

OR

S B

RA

ZIL

Tauil & Chequer Advogados


(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

- -


(R$m) 390,00

Partners

1 Caio Cossermelli 1 Celso Grisi

1 2 Carlos Motta 3 José Paulo Marzagão

TozziniFreire Advogados


(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 -


(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


LEG

AL A

DV

ISO

RS

BR

AZ

IL

Trench, Rossi e Watanabe Advogados


(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 -


(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


(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

- -


(R$m) 310,80

Partners

1 2 Marcelo Maria Santos

1 3 Pedro Chueiri


LEG

AL

AD

VIS

OR

S B

RA

ZIL

Veirano Advogados


(R$m) Awards




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 -


(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


(R$m) Awards

1Multiscan Imagem e Diagnóstico

Brazil


Centro de Diagnóstico por Imagem


92,00 -

2 Hospital São Bernardo

Brazil



EAMPM Participacões, Private Shareholders

40,18 -

3 Intervalor BrazilFinancial and Insurance

Arvato Bertelsmann


- -


(R$m) 132,18

Partners

1 Frederico Buosi

1 2 3 Rodrigo Vilardo Vella


LEG

AL A

DV

ISO

RS

BR

AZ

IL

Vieira Rezende Advogados


(R$m) Awards


Brazil Mining


- 5.913,00 -

2 Alpargatas BrazilFashion and Textile

Itaúsa, Cambuhy Investimentos, Brasil Warrant

J&f Investimentos

3.480,00





(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


(R$m) Awards

1 Ourolac Brazil food IndustrySiguler Guff & Company, 2bCapital

- 90,00 -

2 Estre Ambiental Brazil


Boulevard Acquisition Corp. II

Banco BTG Pactual, Private Shareholders, Angra Partners

- -


Total value

(R$m)90,00

Partners

1 2 Jarbas Horta Velloso

1 2 Leandro Luiz Zancan

7Corporate Profiles


LEG

AL A

DV

ISO

RS

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

START OF ACTIVITY | 2011 N.º OF EMPLOYEES | 200


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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


WEBSITE https://baptistaluz.com.br/



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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


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


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



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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.

Profile N.º OF EMPLOYEES | 180

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


WEBSITE www.candidomartins.com.br

START OF ACTIVITY | August 2nd, 2010 N.º OF EMPLOYEES | 19

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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.


Target Country Subsector Buyer SellerAmount

(BRLm)

Casa da Vaca BrazilDistribution and Retail; Agriculture, Agribusiness, Farming and Fishing

Agro Rise Participações


-

Solo ATS Participações do Brasil

Brazil food Industry Unilever

Private Shareholders, BR Opportunities

-

Majela Medicamentos


Elfa Participações e Administração


-

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


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


· 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


· Private Equity

· Project Finance

· Real Estate

· Tax

· Technology and Intel-

lectual Property


· 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



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



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




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


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



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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



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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


WEBSITE www.demarest.com.br

Contacts

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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.



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


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



- 5.913,00



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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


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


· 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



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



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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


ADDRESS Rua Lysimaco Ferreira da Costa, 8080530-100 Curitiba, PR

TELEPHONE +55 41 2106 7900


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.



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



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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


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



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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


· Labor

· Public Law

· Real Estate

· Tax



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



Negócio de Água Brazil Food and BeverageNestlé Waters, Grupo Edson Queiroz

- -

TCP Participações BrazilTransport, Aviation and Logistics

Kong Rise


2.891,25

Sullab Diagnósticos BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics

LGKA I fIP Private Shareholders -

GDL Gestão de Desenvolvimento em Logística


Tegma Gestão Logística, Holding Silotec

- -

Vale Fertilizantes BrazilChemical and Chemical Materials

Mosaic BrasilVale - Companhia Vale do Rio Doce

3.711,28



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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


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


RIO DE JANEIRO Rua do Russel, 804, 6th floor Ed. Manchete - CentroCEP: 22210-907

TELEPHONE +55 (21) 2210-3138


CAMPINAS Rua José Pires Neto, nº 314, Conj. 61 - Piazza Affari - Cambuí - Campinas – SP CEP: 13025-170

TELEPHONE +55 (19) 3295-5201


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


· 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.



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



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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


WEBSITE www.machadomeyer.com

ADDRESS 2 110 East 55th Street 10th floor CEP 10022 - New York, NY, USA

TELEPHONE (1) 212 784 8802



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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.


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



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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


WEBSITE www.machadonunes.com.br

Profile

START OF ACTIVITY | March, 2017 N.º OF EMPLOYEES | 35


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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



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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


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


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.



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) - -



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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


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.



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


ND

Resíduo Zero BrazilDistribution, Cleaning, Services, Recycling

Via Solo Engenharia Ambiental


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)


ND

King Food S/A, Good Food S/A, Fast Burger S/A

Brazil fast food Burger King BrasilPrivate Shareholders

393,1



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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


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


· 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


ADDRESS R. Fidêncio Ramos, 308, 2° andar – Vila Olímpia. São Paulo, SP

TELEPHONE (11) 5502-1200


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


· Complex Agreements

· Corporate

· Corporate Governance

and Compliance


· Financial Transactions and

Registered Investments

· Labor and Employment

· Litigation


· Real Estate

· Reorganization and

Bankruptcy

· Tax


and Estate Planning


· AIJA

· Interlegal

· NYSBA

· IBA



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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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


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


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.


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



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


Brazil Mining


- 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


2.891,25



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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


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


· Government Relations

· Government, Contracts and Projects - Administrative Law

· Immigration


· International Trade

· Labor

· Litigation

· Mediation


· 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


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.



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


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




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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


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


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



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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.


- Unilever Brasil Industrial LtdaR$252 million


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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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


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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CPFL Energia BrazilWind & Electric Energy; Biomass



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


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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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


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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Estre Ambiental


Boulevard Acquisition Corp. II

Banco BTG Pactual, Private Shareholders, Angra Partners

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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


AG Angra Infraestrutura FIP, BTG Pactual Brazil Investment fund I


Cavo Serviços e Saneamento


Estre Ambiental Camargo Corrêa 702,00


Practice Areas

· M&A

· Corporate Law

· Capital Markets

· Tax


· 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.


ADDRESS Rua Lourenço de Almeida, 207 CEP 04508-000 São Paulo SP

TELEPHONE +55 11 3562 6203


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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Target Country Subsector Buyer Seller Value

Frigorífico Ceratti Brazil food IndustryHormel foods


328,00

Empório Body Store BrazilPharmaceutical, Parapharmaceutical and Cosmetics; Healthcare, Hygiene, Medical Aesthetics and Cosmetics

The Body Shop


280,00

Pharlab BrazilPharmaceutical, Parapharmaceutical and Cosmetics

BiogaranPrivate Shareholders

100,00

Laboratório Bergamo BrazilPharmaceutical, Parapharmaceutical and Cosmetics

Amgen Brasil


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


RIO DE JANEIRO

Rua São José, 20 8th floor

TELEPHONE +55 (21) 3173-9932



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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



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

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BO

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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


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


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

BR

AZ

ILM

&A

HA

ND

BO

OK

20

18

M&A

Private Equity

Venture Capital

Equity Capital Markets

Acquisition Finance

Project Finance

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