Business Areas

Mergers & Acquisitions

BR Partners offers financial and strategic advisory services related to mergers & acquisitions, capital raising, strategic partnerships, joint ventures and corporate restructuring.

Since its foundation, BR Partners counts with a leadership position among the investment banks in Brazil, advising more than 80 transactions, which have amounted to over R$80 billion.

BR Partners team has proven expertise in structuring and execution of complex transactions in various sectors of the Brazilian economy. With over 20 professionals BR Partners supports its clients during the whole M&A process, since the development of ideas and the evaluation of alternatives.

Leading Position in Brazil M&A

BR Partners has acted as financial advisor on several M&A transactions since its founding, with a total transaction value of over R$80 billion.

Selected Transactions

2018

Petrobras – 3R Petroleum (November 2018) Fairness Opinion to Petrobras’ Board of Directors on the sale of Riacho da Forquilha Cluster to 3R Petroleum. Value: R$ 1.8 bn

Petrobras – Perenco (November 2018) Fairness Opinion to Petrobras’ Board of Directors on the sale of Pargo Cluster to Perenco. Value: R$ 1.4 bn

Calyx Agro (November 2018) Financial advisor to Calyx Agro on the sale of ~9 thousand hectares agricultural area located in Bahia State. Value: Undisclosed

Embalagens Flexíveis Diadema – Zermatt (November 2018) Financial advisor to Embalagens Flexíveis Diadema on the acquisition of Zermatt. Value: Undisclosed

Cone S.A. – NE Logistic FII (October 2018)Financial Advisor to Cone S.A. in the context of the sale of logistics assets to NE Logistic FII. Value: Undisclosed

Petrobras – PO&GBV  (October 2018) Fairness Opinion to Petrobras’ Board of Directors on the context of the sale of its stake in PO&GBV, company with assets in Nigeria. Value: R$ 5.7 bn

Petrobras – Murphy (October 2018) Fairness Opinion to Petrobras’ Board of Directors on the formation of a JV with E&P assets in the Gulf of Mexico. Value: R$ 4.1 bn

Ciplan – Vicat (October 2018) Financial advisor to Ciplan in the context of the capital injection by Vicat.  Value: R$ 2.1 bn

Petrobras – Copetrol (June 2018) Fairness Opinion to Petrobras’ Board of Directors on the sale of its fuel distribution business in Paraguay to Copetrol. Value: R$ 1.2 bn

Youse (April 2018)Financial advisor to Caixa Seguradora on economic and financial analysis to support strategic decisions regarding Youse start of operations in Colombia. Value: Undisclosed

Caixa – CNP (February 2018)Fairness Opinion to Caixa Seguridade’ Board of Directors on the (re)negotiation with CNP Assurances, of the JV for life, credit and pension insurancesValue: 4.65 bn

2017

Petrobras – Statoil (December 2017): Fairness Opinion to Petrobras’ Board of Directors on the sale of the Roncador field to Statoil. Value: 9.6 bn

Magazine Luiza (September 2017): Financial advisor to Magazine Luiza on the follow-on process. Value: 1.9 bn

Pearson – MoveEdu (June 2017): Exclusive financial advisor to Pearson on the sale of Microlins, SOS and People to MoveEdu. Value: Undisclosed

2016

Hypermarcas – Ontex (December 2016): Fairness Opinion to the Board of Directors of Hypermarcas on the sale of its diaper business to Ontex.
Value: R$ 1,0 bn

Bombril, Lysoform – SC Johnson & Son (December 2016):
Financial advisor to Bombril on the sale of Lysoform brand to SC Johnson.

Login – Hidrovias do Brasil (September 2016): Exclusive financial advisor to Log-In Logística Intermodal on the sale of its bauxite bulk coastal shipping transportation business to Hidrovias do Brasil.
Value: R$ 683 mn

Arteris (May 2016): Fairness Opinion para o Conselho de Administração da Arteris no âmbito do fechamento de capital da companhia.
Value: R$ 527 mn

Bombril, Lysoform – SC Johnson & Son (December 2016):
Financial advisor to Bombril on the sale of the Lysoform portfolio of brand and related assets to SC Johnson & Son
Value: R$ 48 mn

Nova Aliança Battistella (December 2016): Exclusive financial advisor to NAB on the private capital raising of Battistella S.A.
Value: R$ ~100 mn

Login – Hidrovias do Brasil (September 2016): Exclusive financial advisor to Log-In Logística Intermodal on the sale of its bauxite bulk coastal shipping transportation business to Hidrovias do Brasil
Value: R$ 683 mm

Arteris (May 2016): Fairness opinion to Arteris’ Board of Directors in the context of Company’s tender offer proposal.
Value: R$ 527 mm

Hypermarcas – Reckitt Benckiser (January 2016): Financial adivisor to Hypermarcas on the sale of its condom and lubricants business to Reckitt Benckiser.
Value: R$ 675 mm

WPP – Grupo Máquina (January 2016): Exclusive financial advisor to Grupo Máquina on the sale of majority stake to Cohn & Wolfe, a WPP subsidiary.
Value: Undisclosed

2015

Magazine Luiza – BNP Paribas Cardif (December 2015): Exclusive financial advisor to Magazine Luiza on the negotiation of the exclusivity agreement for the distribution of products with BNP Paribas Cardif.
Value: R$ 330 mm

Lupatech (November 2015): Financial advisor to Lupatech S.A. on the preparation, negotiation and approval of its judicial recovery plan.
Value: R$ 670 mm

Hypermarcas – Coty (November 2015): Exclusive financial advisor to Hypermarcas on the sale of its beauty and personal care business.
Value: R$ 3.8 bn

Femsa Logística – Atlas Transportes (October 2015): Exclusive financial advisor to Femsa Logística on the acquisition of Atlas Transportes.
Value: Undisclosed

Loducca (August 2015): Financial advisor to Celso Loducca on the sale of stake in Agência Loducca to Grupo ABC.
Value: Undisclosed

Casino – Grupo Éxito (July 2015): Advisor to Casino on the sale of relevant stake on Grupo Pão de Açúcar and Libertad to Grupo Éxito.
Value: R$ 6.3 bn

Arteris (July 2015): Advisor to Arteris on the renegotiation with bondholders of company’s 2nd bonds issuance.
Value: R$ 300 mm

Affinia – Grupo Comolatti (June 2015): Advisor to Affinia on the sale of Pellegrino and Automotiva to Grupo Comolatti and a consortium of buyers.
Value: R$ 361 mm

Ducoco – BRZ Investimentos. (May 2015): Exclusive financial advisor to Ducoco on the sale of a relevant stake to BRZ Investimentos.
Value: Undisclosed

2014

CVC – Grupo Duotur (December 2014): Financial advisor to CVC on the acquisition of a 51% equity stake in Grupo Duotur.
Value: R$ 228 mm

Moderm Laboratories – Galderma Pharma (December 2014): Exclusive financial advisor to Moderm Laboratories on the sale to Galderma Pharma.
Value: Undisclosed

Brookfield Incorporações (November 2014): Advisor to the Board of Directors of Brookfield Incorporações on the BRB’s tender offer proposal – fairness opinion.
Value: R$ 390 mm

Qualicorp – Tempo (April 2014): Exclusive financial advisor to Qualicorp on the acquisition of Unidade Saúde Soluções from Tempo.
Value: R$ 160 mm

2013

Warburg Pincus – Pet Center Marginal (December 2013): Exclusive financial advisor by Warburg Pincus on the acquisition of a controlling stake in Pet Center Marginal.

Value: Undisclosed

Banco do Brasil – Itapebi Geração de Energia S.A. (December 2013): Advisor to the Board of Directors of Banco do Brasil in the sale of Itapebi Geração de Energia S.A.
Value: R$ 1.6 bn

Casino – Grupo Pão de Açucar (September 2013): Advisor to Casino in negotiations regarding the exchange of preferred shares to common shares with Abilio Diniz.
Value: R$ 1.9 bn

Femsa Logística – Expresso Jundiaí (September 2013): Exclusive financial advisor to Femsa Logística on the acquisition of Expresso Jundiaí.
Value: Undisclosed

Renova – Cemig (August 2013): Financial advisor to Renova and Cemig on the capital increase of Renova with Cemig’s entry into its controlling shareholder group.
Value: R$ 1.4 bn

Renova – Brasil PHC (August 2013): Financial advisor to Renova on the acquisition of a controlling stake in Brasil PCH.
Value: R$ 670 mm

Canal Rural – J&F (February 2013): Exclusive financial advisor to Canal Rural on the sale to J&F.
Value: Undisclosed

2012

Repom – Edenred (December 2012): Exclusive financial advisor to Repom on a 62% stake sale to Edenred.
Value: R$ 143  mm

LGR Shopping Centers (December 2012): Exclusive financial advisor to LGR Shopping Centers on a stake sale of Iguatemi Salvador, Macaé, Pelotas, Via Verde and Venda Nova Malls.
Value: R$ 350  mm

Brookfield Incorporações (September 2012): Exclusive financial advisor to Brookfield on the capital increase, with the issuance of 131 million new common shares .
Value: R$ 400 mm

Redecard – Itaú (June 2012): Advisor to the Board of Directors of Redecard in relation to Itaú’s tender offer proposal -fairness opinion.
Value: R$ 11.8 bn

Casino – Grupo Pão de Açucar (June 2012): Financial advisor to Casino on the negotiation related to the control of Grupo Pão de Açucar.
Value: Undisclosed

Fleetcor – CTF (May 2012): Exclusive financial advisor to Fleetcor on the acquisition of CTF Technologies.
Value: 345 mm

Poit Energia – Aggreko (March 2012): Exclusive financial advisor to Poit Energia on the sale to Aggreko.
Value: R$ 404 mm

2011

Reishopping Empreendimentos – CPPIB (December 2011): Exclusive financial advisor to Reishopping Empreendimentos on a minority stake sale of Iguatemi Salvador Mall to Aliansce and CPPIB.
Value: R$ 232 mm

Hypermacas – Química Amparo (December 2011): Exclusive financial advisor to Hypermarcas on the sale of the steel wool, cleaning cloths and synthetic sponges divisions (Assolan, Perfex and Cross Hatch) to Química Amparo (Ypê).
Value: R$ 125 mm

Hypermarcas – Bunge Alimentos (December 2011): Exclusive financial advisor to Hypermarcas on the sale of the food division (Etti, Salsaretti and PuroPurê) to Bunge Alimentos.
Value: R$ 180 mm

Hermes Pardini – Gávea Investimentos (December 2011): Exclusive financial advisor to Hermes Pardini on a minority investment by Gávea Investimentos.
Value: Undisclosed

Hypermarcas (December 2011): Exclusive financial advisor to Hypermarcas on the sale of the divisions of steel wool, cloths, synthetic sponges, food, cleaning and insecticides.
Value: R$ 445 mm

Hypermarcas – Flora (October 2011): Exclusive financial advisor to Hypermarcas on the sale of Assim and Mat Inset to Flora.
Value: R$ 140 mm

Sagatiba – Campari (August 2011): Exclusive financial advisor to Sagatiba on the sale to Campari.
Value: Undisclosed

Qualicorp (June 2011): Financial advisor to founder of Qualicorp in the company’s IPO.
Value: Undisclosed

Kroton Educacional – CEAMA (May 2011): Exclusive financial advisor to Kroton Educacional on the acquisition of CEAMA.
Value: Undisclosed

Eco Brasil Florestas (May 2011): Exclusive financial advisor to Eco Brasil Florestas on the sale of a minority stake.
Value: R$ 151 mm

2010

Standart – ALL (December 2010): Exclusive ­ financial advisor to Standard on the creation, along with ALL, of Brado Logística.
Value: Undisclosed

Hypermarcas – Mantecorp (December 2010): Financial advisor to Hypermarcas on the acquisition of Mantecorp.
Value: R$ 2.5 bn

Cerradinho – Noble Group (December 2010): Financial advisor to Cerradinho on the sale of the Catanduva and Potirendaba plants to the Noble Group.
Value: R$ 1.6 bn

Aços Villares – Gerdau (December 2010): Exclusive ­ financial advisor to the board of directors of Aços Villares on its merger with Gerdau.
Value: R$ 2.0 bn

São Luiz – Rede D’or/BTG Pactual (September 2010): Exclusive financial advisor to Hospital São Luiz on the sale of its controlling stake to Rede D’Or / BTG Pactual, creating the largest and most qualified hospital conglomerate in Brazil.
Value: Undisclosed

Grupo Localfrio – Suape (August 2010): Exclusive ­ financial advisor to Localfrio on the acquisition of four companies in the Suape Industrial Port Complex.
Value: Undisclosed

The Carlyle Group – Scalina (August 2010): Exclusive financial advisor to the Carlyle Group on the acquisition of Scalina, a leading intimate apparel and socks manufacturer and retailer in Brazil, owner of the brands TriFil and Scala.
Value: Undisclosed

Magazine Luiza – Lojas Maia (July 2010): Exclusive financial advisor to Magazine Luiza on the acquisition of Lojas Maia, bringing Magazine Luiza closer to the market leadership in electronics and furniture retailing.
Value: Undisclosed

Qualicorp – The Carlyle Group (July 2010): Advisor to Qualicorp on the sale of a controlling stake to the Carlyle Group, representing the fund’s largest transaction in Brazil to date and its first healthcare investment in the country.
Value: Undisclosed

Agre – PDG Realty (May 2010): Advisor to Agre on the sale to PDG Realty, creating the largest real estate company in Brazil.
Value: R$ 4.5 bn

Hypermarcas – Sapeka (March 2010): Advisor to Hypermarcas on the acquisition of Sapeka. The acquisition consolidated Hypermarcas as the third largest baby diaper company in Brazil.
Value: R$ 368 mm

2009

Hypermarcas – Neo Química (December 2009): Exclusive financial advisor to Hypermarcas on the acquisition of Neo Química, creating the third largest laboratory of Brazilian ownership and the fourth largest in operation in the country.
Value: R$ 1.4 bn