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An analysis of transactions in 2018, including M&A, Private Equity and Venture Capital M&A HANDBOOK BRAZIL · 2019 M&A · PRIVATE EQUITY · VENTURE CAPITAL

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An analysis of transactions in 2018, including M&A, Private Equity and Venture Capital

M&A HANDBOOK

BRAZIL · 2019

M&A · PRIVATE EQUITY · VENTURE CAPITAL

All the rights reserved.

No part of this publication may be reproduced, nor 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

Printer: G.E Soluções em Gráfica e Editora Ltda. EPP Rua Carlos Pavan, 040-Jd Peri-Peri CEP: 05537-090 - São Paulo- SP

Printed in Brazil.

M&A HANDBOOK2019

M&A PRIVATE EQUITY VENTURE CAPITAL

NOTE FROM THE AUTHORS

The M&A Handbook 2019 is a result of local research and market analysis by TTR’s Re-search and Business Intelligence team. Our team follows the transactional markets ana-lysed 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.

BRAZIL

CONTENTS

A. Main Sectors .............................................................................................................................. 7

B. Definitions .................................................................................................................................. 9

1. Visual Summary ..................................................................................................................... 11

2. Mergers & Acquisitions ....................................................................................................... 15

3. Private Equity ���������������������������������������������������������������������������������������������������������������������� 33

4. Venture Capital ������������������������������������������������������������������������������������������������������������������� 47

5. Sectors & Subsecctors ������������������������������������������������������������������������������������������������������ 57

6. Advisors ������������������������������������������������������������������������������������������������������������������������������� 107

7. Corporate Profiles ............................................................................................................... 157

8. Acknowledgements ............................................................................................................ 255

9. Index of Entities ................................................................................................................... 257

TTR MAIN SECTORS

ENERGY AND RENEWABLE ENERGIES

· Biofuel

· Biomass

· Electric Energy

· Geothermal Energy

· Hydraulic Energy

· Nuclear Energy

· Oil and Gas

· Solar Energy

· Wind Energy

REAL ESTATE AND CONSTRUCTION

· Construction (Materials and Machinary)

· Real Estate

INDUSTRY

· 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

INFRASTRUCTURE

· Airports

· Bridges

· Car Parks

· Hospitals

· Prisons

· Railroads

· Roads and Highways

· Ports

· Schools

· Social Housing

NATURAL RESOURCES

· Agriculture, Agribusiness, Farming and Fishing

· Forestry

· Mining

- Transactional Track Record (www.TTRecord.com)

SERVICES AND DISTRIBUTION

· 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

TECHNOLOGY AND TELECOMS

· Biotechnology

· Electronics

· Internet

· Technology

· Telecoms

7

Transactional Track Record (www.TTRecord.com) -

- Transactional Track Record (www.TTRecord.com)

CORPORATE/STRATEGIC M&AA transaction in which for strategic reasons a corporate entity acquires a controlling or minority position in another company or in which two companies combine their shares in a merger. In the case of a company partnering with a Private Equity / Venture Capital firm to execute an acquisition, the transaction is classified as both Corporate/Strategic M&A and Private Equity / Venture Capital. However, if the acquiring company is already controlled by a Private Equity firm, the transaction is classified only as Private Equity. If the company is backed (not controlled) by a Private Equity or Venture Capital firm, then the transaction is classified only as Corporate / Strategic M&A.

PRIVATE EQUITYAll 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 to Private Equity/fund. In the case of a corporate entity acquiring a PE portfolio company (Trade Sale), TTR classifies the transaction as “Corporate/Strategic M&A - Control Acquisition” and “Exit Private Equity - Trade Sale”.

VENTURE CAPITALInvestments carried out by private funds which concentrate their activity on companies in a startup phase, including Angel/Seed Capital, Early Stage and Expansion.

DOMESTIC TRANSACTIONSA transaction in which the buyer, seller and target, and their respective ultimate owners, are from the same country.

CROSS-BORDER TRANSACTIONSA transaction in which the buyer, seller and target, and their respective ultimate owners, are from two or more countries.

DEFINITIONS

9

Transactional Track Record (www.TTRecord.com) -

1 VISUAL SUMMARY

VISUAL SUMMARY OF 2018

2018

TotalVolume1,062

10%

Undisclosed ValueTotal 647|61%

Disclosed ValueTotal 415|39%

Venture Capital

Private Equity

Corporate - Strategic M&ATotal 739| BRL 122,723.96m

Total 109| BRL 21,516.81m

Total 214| BRL 6,504.47m

2018201720162015

149

69094

119,057.07 150,179.87 133,615.86 150,745.24

170

63794

187

682

98109

214

739Total Value(BRLm)

Venture Capital

Private Equity

CorporateStrategic M&A

TRANSACTION VOLUME AND AGGREGATE VALUE BY TYPE AND YEARPE/VC transactions not included among total M&A deals

Visual Summary 2018 · Brazil

- Transactional Track Record (www.TTRecord.com)

AGGREGATE VALUE BY TRANSACTION TYPE

MOST ACTIVE SUBSECTORS BY TRANSACTION TYPE

0

30k

60k

90k

120k

150k

2018201720162015

6,504.471,270.56

21,263.85 21,516.81

122,723.96

14,133.86

96,522.66

13,882.84

134,734.43

116,686.60

2,795.401,562.60

Venture CapitalPrivate EquityCorporateStrategic M&A

BRLm

Consultancy, Auditand Engineering

Distributionand Retail

Healthcare, Hygiene,Medical Aesthetics

and Cosmetics

Financial andInsurance

Technology114120 9

100

62 164

91

72 22

146 15

469

14,163.35

15,117.82

5,451.62

5,335.14

2,463.96

Aggregate Value (BRLm)Venture CapitalPrivate EquityM&A

21

Brazil · Visual Summary 2018

13

Transactional Track Record (www.TTRecord.com) -

1

ADVISORS

CROSS-BORDER TRANSACTIONS

Outbound

41 deals

BRL 10,505.49m

270 deals

BRL 52,559.12m

Inbound

Legal Advisors

34.53%

65.47%

BRL 86,082�60m

TOP 10 Firms*

719 dealsBRL 131,474.63m

233 Law Firms

Financial Advisors

Total Aggregate Value

33.2%

66.8%

BRL 70,778,34m

TOP 10 Firms

252 dealsBRL 105,936.36m

105 Firms

Total Aggregate Value

* Top 10 Firms from the TTR Legal Ranking by aggregate value

* Top 10 Firms from the TTR Financial Advisory Ranking by aggregate value

Legal Advisors

34.53%

65.47%

BRL 86,082�60m

TOP 10 Firms*

719 dealsBRL 131,474.63m

233 Law Firms

Financial Advisors

Total Aggregate Value

33.2%

66.8%

BRL 70,778,34m

TOP 10 Firms

252 dealsBRL 105,936.36m

105 Firms

Total Aggregate Value

* Top 10 Firms from the TTR Legal Ranking by aggregate value

* Top 10 Firms from the TTR Financial Advisory Ranking by aggregate value

Legal Advisors

Financial Advisors

Visual Summary 2018 · Brazil

- Transactional Track Record (www.TTRecord.com)

MERGERS & ACQUISITIONS2

M&A OVERVIEW

DEAL VOLUME & AGGREGATE VALUE BY MARKET SEGMENT

3996

18

18

8188

69

33 52

66

44

70 77

5

6132

93 37

2

647 46 113

573 25 65 86

545

565 55

52

50

88

3352

BRL 92,710.41m

BRL 129,118.39m

BRL 105,693.30m

2015

2016

2017

2018 BRL 127,661.49m

Undisclosed Deal Value

>BRL 500mBRL 100m BRL 500m

BRL 50m BRL 100m

BRL 10m BRL 50m

BRL 1m BRL 10m

≤ BRL 1m

DEAL FLOW 2015-2018

0

10k

20k

30k

40k

50k

60k

0

200

250

300

4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q

2018201720162015

Aggregate Value (BRLm)Deal Volume

BRLm

Year Deal Volume Aggregate Value (BRLm)

2018 1,062 150,745.24

2017 967 133,615.86

2016 901 150,179.87

2015 933 119,057.07

Mergers & Acquisitions · Brazil

- Transactional Track Record (www.TTRecord.com)

GEOGRAPHICAL DISTRIBUTION OF TRANSACTIONS

2018

Deal Volume / Aggregate Value (BRLm)

Amazonas 15 / 2,246.07

Acre 1 / 238.85

Minas Gerais 132 / 15,275.57

Rondônia 4 / 853.89

Rio Grande do Sul 66 / 5,506.46

São Paulo 792 / 121,892.62

Rio de Janeiro 203 / 27,945.61

Santa Catarina 63 / 7,600.73

Mato Grosso 13 / 2,226.92

Roraima 2 / 176.04

Pará 3 / 600.68 Amapá

1 / ND

Tocantins 3 / 600.00

Maranhão 6 / 1,818.16

Piauí 4 / 720.45

Ceará 22 / 2,842.52

Rio Grande do Norte 7 / 2,231.91

Paraná 83 / 3,406.41

Mato Grosso do Sul 5 / 720.00

Espírito Santo 22 / 925.43

Goiás 18 / 2,236.91

D.F. 37 / 42,857.33

Bahia 28 / 43,423.17

Paraíba*

Pernambuco*

Alagoas*Sergipe*

* Paraíba - 3 / 20.00 * Pernambuco - 30 / 1,427.32 * Alagoas - 4 / 548.32 * Sergipe - 6 / 253.69

Brazil · Mergers & Acquisitions

17

Transactional Track Record (www.TTRecord.com) -

2

LARGEST TRANSACTIONS INVOLVING A BRAZIL-BASED PARTY(Excluding Private Equity, Venture Capital and Cross-border transactions)

Target Subsector Buyer Seller Value (BRLm)

1 Fibria CeluloseForestry;Glass, Ceramic, Paper, Plastics, Wood and Timber

Suzano Papel e Celulose

Votorantim, BNDESPar 36,700.00

2 Somos Educação Education; Media, Multimedia and Editorial

Saber Serviços Educacionais

Tarpon Gestora de Recursos 4,116.54

3 CPFL Renováveis Electric Energy State Grid Brazil Power Participações

Private Shareholders 4,100.00

4 New Steel Mining;Steel, Metallurgy and Industrial Production

Vale - Companhia Vale do Rio Doce Hankoe FIP 1,879.81

5 Piraquê Food industry M. Dias Branco Private Shareholders 1,550.00

6Green Line Sistema de Saúde, Hospital e Pronto Socorro Itamaraty, Hospital Salvalus, Laboratório Bio Master

Financial and Insurance; Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Bcbf Participações, Hospital Renascença

Private Shareholders 1,200.00

7 Brio Gold, Brio Gold Mineração Mining Leagold Mining Private

Shareholders 1,076.21

8 Multiplus Financial and Insurance LATAM Airlines Brasil

Private Shareholders 1,023.03

9 Sao Pedro Transmissora De Energia Electric Energy Taesa Âmbar Energia,

FIP Milão 942.53

10 Complexo Eólico Assuruá Wind Energy Omega Geração FIP IEER 882.00

Legal Advisors

1 3 9 Cescon, Barrieu Flesch & Barreto Advogados1 2 3 4 8 BMA – Barbosa Müssnich Aragão

1 5 TozziniFreire Advogados

1 2 10Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados

1 Ulhôa Canto, Rezende e Guerra - Advogados1 2 8 Machado, Meyer, Sendacz e Opice Advogados

3 7 Veirano Advogados4 Allen & Overy Netherlands4 Madrona Advogados4 Norton Rose Fulbright Netherlands5 FreitasLeite Advogados5 L. O. Baptista Advogados6 Vella Pugliese Buosi e Guidoni Advogados7 Fasken Martineau Dumoulin Canada7 Galicia Abogados7 Stek Advocaten7 Homburger7 Skadden, Arps, Slate, Meagher & Flom US7 Machado de Campos e Barreto Advogados8 Pinheiro Guimarães8 Pinheiro Neto Advogados9 Halembeck Barros Advogados Associados

10 Stocche Forbes Advogados

Financial Advisors1 2 5 Banco Itaú BBA

1 2 Riza Capital1 Banco Bradesco BBI1 Bank of America1 Morgan Stanley

2 9 10 Banco BTG Pactual3 4 Banco Santander Brasil

3 Bank of America Merrill Lynch3 Banco Fator5 Vinci Partners6 Setter Investimentos6 Advisia Investimentos7 UBS Investment Bank7 Société Générale Group7 Investec Bank9 Banco ABC Brasil

Valuation Report2 Merrill Lynch Brasil8 Banco Credit Suisse Brasil

Due Diligence2 Banco BTG Pactual

Intermediary8 Banco Credit Suisse Brasil

Mergers & Acquisitions · Brazil

- Transactional Track Record (www.TTRecord.com)

CROSS-BORDER ANALYSIS

DOMESTIC vs� CROSS-BORDER TRANSACTIONS BY VOLUME AND VALUE

Deal Volume

Aggregate Value (BRLm)

2018201720162015

447

486

933 901 967 1.052

391

510

373

594

366

686

Cross-BorderDomestic

0

30k

60k

90k

120k

150k

2018201720162015

69,493.02

21,377.95

81,252.22

97,679.12

120,788.57

104,493.82

29,122.0429,391.30

Cross-BorderDomestic

Brazil · Mergers & Acquisitions

19

Transactional Track Record (www.TTRecord.com) -

2

INBOUND CROSS-BORDER

Acquisitions by foreign buyers in Brazil

Deal volume & aggregate value by market segment

0

5k

10k

15k

20k

25k

30k

35k

40k

0

80

100

120

4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q

2018201720162015

BRLm

Aggregate Value (BRLm)Deal Volume

26

18

18

24

18

35

23

116 13

34

19

13 13

46

25

37 344

2716

15

20113158

169

160

207

31

26

Undisclosed Deal Value

>BRL 500mBRL 100m BRL 500m

BRL 50m BRL 100m

BRL 10m BRL 50m

BRL 1m BRL 10m

≤ BRL 1m

BRL 50,056.11m

BRL 82,365.22m

BRL 70,196.06m

BRL 43,631.51m

2015

2016

2017

2018

Year Deal Volume Aggregate Value (BRLm)

2018 270 52,559.12

2017 275 80,942.54

2016 297 91,306.46

2015 362 63,002.41

Mergers & Acquisitions · Brazil

- Transactional Track Record (www.TTRecord.com)

Largest inbound cross-border acquisitions with Brazil-based targets(Excluding Private Equity and Venture Capital deals)

Target Subsector Buyer Seller Value (BRLm)

1 Enel Distribuição São Paulo Electric Energy Enel Private Shareholders 7,061.49

2 EmbracoSteel, Metallurgy and Industrial Production

Nidec Corporation Whirlpool Brasil 4,394.53

3 Mapfre BB SH2 Participações

Financial and Insurance Mapfre BB Seguros 2,274.18

4 Getnet Technology Banco Santander Manzat Inversiones, Private Shareholders 1,431.63

5 CiplanSteel, Metallurgy and Industrial Production

Vicat Group Private Shareholders 1,265.17

Legal Advisors

1 2 Cescon, Barrieu Flesch & Barreto Advogados

1 Yazbek Advogados

1 3 BMA – Barbosa Müssnich Aragão

1 4 5 Lefosse Advogados

1 Pinheiro Guimarães

2 Machado, Meyer, Sendacz e Opice Advogados

2 Linklaters UK

2 Sidley Austin US

2 Cleary Gottlieb Steen & Hamilton US

2 5 Pinheiro Neto Advogados

3 Azevedo Sette Advogados

4 TozziniFreire Advogados

Financial Advisors

1 Banco Itaú BBA

1 Banco Bradesco BBI

1 4 Banco BTG Pactual

1 Banco Credit Suisse Brasil

1 3 Banco J.P. Morgan do Brasil

3 Brasil Plural

5 BR Partners

5 EDNAM Capital

Public Relations

2 Llorente & Cuenca

Due Diligence

5 Alvarez & Marsal Brasil

Brazil · Mergers & Acquisitions

21

Transactional Track Record (www.TTRecord.com) -

2

Subsectors most targeted by foreign buyers in Brazil

Cross-border transaction volume by subsector

Healthcare, Hygiene,Medical Aesthetics

and Cosmetics

Distributionand Retail

Financial andInsurance

Technology 52

43

37

25

5

10

15

20

25Other Countries

Netherlands

China

Argentina

Japan

Germany

United Kingdom

Switzerland

Canada

Spain

France

United States

5

10

15

20Other Countries

Netherlands

China

Argentina

Japan

Germany

United Kingdom

Switzerland

Canada

Spain

France

United States

3

6

9

12

15Other Countries

Netherlands

China

Argentina

Japan

Germany

United Kingdom

Switzerland

Canada

Spain

France

United States

5

10

15

20Other Countries

Netherlands

China

Argentina

Japan

Germany

United Kingdom

Switzerland

Canada

Spain

France

United States

Technology Financial and Insurance

InternetDistribution and Retail

5

10

15

20

25Other Countries

Netherlands

China

Argentina

Japan

Germany

United Kingdom

Switzerland

Canada

Spain

France

United States

5

10

15

20Other Countries

Netherlands

China

Argentina

Japan

Germany

United Kingdom

Switzerland

Canada

Spain

France

United States

3

6

9

12

15Other Countries

Netherlands

China

Argentina

Japan

Germany

United Kingdom

Switzerland

Canada

Spain

France

United States

5

10

15

20Other Countries

Netherlands

China

Argentina

Japan

Germany

United Kingdom

Switzerland

Canada

Spain

France

United States

Technology Financial and Insurance

InternetDistribution and Retail

5

10

15

20

25Other Countries

Netherlands

China

Argentina

Japan

Germany

United Kingdom

Switzerland

Canada

Spain

France

United States

5

10

15

20Other Countries

Netherlands

China

Argentina

Japan

Germany

United Kingdom

Switzerland

Canada

Spain

France

United States

3

6

9

12

15Other Countries

Netherlands

China

Argentina

Japan

Germany

United Kingdom

Switzerland

Canada

Spain

France

United States

5

10

15

20Other Countries

Netherlands

China

Argentina

Japan

Germany

United Kingdom

Switzerland

Canada

Spain

France

United States

Technology Financial and Insurance

InternetDistribution and Retail

5

10

15

20

25Other Countries

Netherlands

China

Argentina

Japan

Germany

United Kingdom

Switzerland

Canada

Spain

France

United States

5

10

15

20Other Countries

Netherlands

China

Argentina

Japan

Germany

United Kingdom

Switzerland

Canada

Spain

France

United States

3

6

9

12

15Other Countries

Netherlands

China

Argentina

Japan

Germany

United Kingdom

Switzerland

Canada

Spain

France

United States

5

10

15

20Other Countries

Netherlands

China

Argentina

Japan

Germany

United Kingdom

Switzerland

Canada

Spain

France

United States

Technology Financial and Insurance

InternetDistribution and Retail

Technology

Distribution and Retail

Financial and Insurance

Internet

Deal Volume

Mergers & Acquisitions · Brazil

- Transactional Track Record (www.TTRecord.com)

DIVESTMENT - FOREIGN-OWNED STAKE

Countries with the greatest number of companies selling equity in Brazil-based companies

Country Deal Volume Aggregate Value (BRLm)

United States 38 10,745.06

Germany 9 ND

Argentina 6 ND

Portugal 5 ND

Uruguay 5 23.00

France 4 ND

Canada 4 ND

Netherlands 4 ND

Australia 4 18.88

Japan 4 4,396.10

Countries with greatest number of acquirers of Brazil-based targets

Country Deal Volume Aggregate Value (BRLm)

United States 100 15,382.15

France 25 1,361.95

Spain 16 4,439.23

Canada 16 4,991.94

Switzerland 15 3,400.73

United Kingdom 14 1,510.37

Germany 13 428.29

Japan 11 6162.05

Argentina 8 314.17

China 8 2,668.57

Brazil · Mergers & Acquisitions

23

Transactional Track Record (www.TTRecord.com) -

2

Acquisitions vs. Divestitures by foreign Foreign Companies in Brazil

DivestituresAcquisitions

38 45

52,559.12

25,345.65

Acquisitions

Divestitures

Chemical andChemical Materials

Tourism, Hotelsand Restaurants

Electric Energy

Steel, Metallurgy andIndustrial Production

Consultancy, Auditand Engineering

Technology

Financial andInsurance

Distributionand Retail 17

14

7

5

6

6

7

2

5

Subsector distribution of exits by foreign sellers from Brazil-based companies

Deal Volume

Mergers & Acquisitions · Brazil

- Transactional Track Record (www.TTRecord.com)

Largest exits by foreign sellers from Brazil-based companies(Excluding Private Equity and Venture Capital deals)

Target Subsector Buyer Seller Value (BRLm)

1 EmbracoSteel, Metallurgy and Industrial Production

Nidec Corporation Whirlpool Corporation 4,394.53

2 Getnet Technology Banco Santander Brasil Manzat Inversiones, Private Shareholders 1,431.63

3Group of companies and real estate investment funds

Real Estate GBLP - Fundo Goodman Brazil Logistics Partnership Goodman 1,000.00

4EDP Pequenas Centrais Hidroelétricas, Santa Fé Energia

Electric Energy Statkraft Energias Renováveis

EDP - Energias de Portugal 591.00

5 Azul Linhas AéreasTransport, Aviation and Logistics

Calfinco Hainan Airlines 531.84

Legal Advisors

1 3 Cescon, Barrieu Flesch & Barreto Advogados

1 Pinheiro Guimarães

1 Machado, Meyer, Sendacz e Opice Advogados

1 Linklaters UK

1 5 Sidley Austin US

1 Cleary Gottlieb Steen & Hamilton US

1 Pinheiro Neto Advogados

4Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados

4 Vieira Rezende Advogados

5 ASBZ Advogados

5 TozziniFreire Advogados

Financial Advisors

2 Banco J.P. Morgan do Brasil

2 Brasil Plural

2 Banco BTG Pactual

4 Banco Bradesco BBI

5 Raymond James

Virtual Data Room

3 Intralinks

Public Relations

1 Llorente & Cuenca

Brazil · Mergers & Acquisitions

25

Transactional Track Record (www.TTRecord.com) -

2

Deal volume & aggregate value by market segment

6

18

18

18

3

42

23

4

6

23

7

7 316

13 2

9115

12 2

3

4 7 5

BRL 6,328.70m

BRL 1,773.11m

BRL 9,562.43m

BRL 8,229.03m

2015

2016

2017

2018

Undisclosed Deal Value

>BRL 500mBRL 100m BRL 500m

BRL 50m BRL 100m

BRL 10m BRL 50m

BRL 1m BRL 10m

≤ BRL 1m

OUTBOUND CROSS-BORDER

Acquisitions by Brazil-based buyers abroad

0

2k

4k

6k

8k

10k

0

6

9

12

15

4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q

2018201720162015

BRLm

Aggregate Value (BRLm)Deal Volume

Year Deal Volume Aggregate Value (BRLm)

2018 41 10,505.49

2017 44 11,750.47

2016 30 3,321.98

2015 32 8,360.17

Mergers & Acquisitions · Brazil

- Transactional Track Record (www.TTRecord.com)

Largest outbound cross-border acquisitions with Brazil-based buyers(Excluding Private Equity and Venture Capital deals)

Target Subsector Buyer Seller Value (BRLm)

1 National Beef Packing Company Food Industry Marfrig Leucadia, Private Shareholders 3,707.95

2Energina Compañía Argentina de Petróleo, Shell Compañía Argentina de Petróleo

Oil and Gas Raízen Energia

B. V. Dordtsche Petroleum Maatschappij, Shell Overseas Investments

3,680.58

3 Banco Patagonia Financial and Insurance

Banco do Brasil Private Shareholders 840.50

4 Saga II, Saga III Financial and Insurance

Banco Itaú Unibanco Private Shareholders 366.58

5 Aeris Holding Costa Rica Transport, Aviation and Logistics CCR Airports Worlwide Holding 241.09

Legal Advisors

1 Linklaters USA

1 Lefosse Advogados

1 Pinheiro Neto Advogados

1 Morgan Lewis & Bockius

2 BMA – Barbosa Müssnich Aragão

2 Mitrani, Caballero & Ruiz Moreno Abogados

2 3 Marval O'Farrell & Mairal

3 Severgnini, Robiola, Grinberg & Tombeur

Financial Advisors

1 Rabo Securities USA

1 Banco Bradesco BBI

1 Morgan Stanley

4 Banco Itaú BBA

Brazil · Mergers & Acquisitions

27

Transactional Track Record (www.TTRecord.com) -

2

Subsectors most targeted by Brazil-based buyers abroad

1

2

3

4Other Countries

Portugal

British VirginIslands

Uruguay

Paraguay

Israel

Colombia

Chile

Spain

Mexico

Argentina

United States

1Other Countries

Portugal

British VirginIslands

Uruguay

Paraguay

Israel

Colombia

Chile

Spain

Mexico

Argentina

United States

1

2Other Countries

Portugal

British VirginIslands

Uruguay

Paraguay

Israel

Colombia

Chile

Spain

Mexico

Argentina

United States

1

2Other Countries

Portugal

British VirginIslands

Uruguay

Paraguay

Israel

Colombia

Chile

Spain

Mexico

Argentina

United States

Financial and Insurance Technology

Sports and LeisureInternet

1

2

3

4Other Countries

Portugal

British VirginIslands

Uruguay

Paraguay

Israel

Colombia

Chile

Spain

Mexico

Argentina

United States

1Other Countries

Portugal

British VirginIslands

Uruguay

Paraguay

Israel

Colombia

Chile

Spain

Mexico

Argentina

United States

1

2Other Countries

Portugal

British VirginIslands

Uruguay

Paraguay

Israel

Colombia

Chile

Spain

Mexico

Argentina

United States

1

2Other Countries

Portugal

British VirginIslands

Uruguay

Paraguay

Israel

Colombia

Chile

Spain

Mexico

Argentina

United States

Financial and Insurance Technology

Sports and LeisureInternet

1

2

3

4Other Countries

Portugal

British VirginIslands

Uruguay

Paraguay

Israel

Colombia

Chile

Spain

Mexico

Argentina

United States

1Other Countries

Portugal

British VirginIslands

Uruguay

Paraguay

Israel

Colombia

Chile

Spain

Mexico

Argentina

United States

1

2Other Countries

Portugal

British VirginIslands

Uruguay

Paraguay

Israel

Colombia

Chile

Spain

Mexico

Argentina

United States

1

2Other Countries

Portugal

British VirginIslands

Uruguay

Paraguay

Israel

Colombia

Chile

Spain

Mexico

Argentina

United States

Financial and Insurance Technology

Sports and LeisureInternet

1

2

3

4Other Countries

Portugal

British VirginIslands

Uruguay

Paraguay

Israel

Colombia

Chile

Spain

Mexico

Argentina

United States

1Other Countries

Portugal

British VirginIslands

Uruguay

Paraguay

Israel

Colombia

Chile

Spain

Mexico

Argentina

United States

1

2Other Countries

Portugal

British VirginIslands

Uruguay

Paraguay

Israel

Colombia

Chile

Spain

Mexico

Argentina

United States

1

2Other Countries

Portugal

British VirginIslands

Uruguay

Paraguay

Israel

Colombia

Chile

Spain

Mexico

Argentina

United States

Financial and Insurance Technology

Sports and LeisureInternet

Financial and Insurance

Internet

Technology

Sports and Leisure

Cross-border transaction volume

Sports andLeisure

Internet

Technology

Financial andInsurance 9

8

7

5

Deal Volume

Mergers & Acquisitions · Brazil

- Transactional Track Record (www.TTRecord.com)

DIVESTITURES ABROAD

Countries in which Brazil-based companies made the most divestitures

Country Deal Volume Aggregate Value (BRLm)

Argentina 5 491.18

United States 5 6,989.98

Peru 4 6,165.11

Paraguay 2 1,473.56

Netherlands 1 5.87

Panama 1 ND

Belgium 1 59.94

Portugal 1 ND

Chile 1 88.36

Spain 1 446.33

Mexico 1 ND

United Kingdom 1 1,473.56

Countries in which Brazil-based buyers made the most acquisitions

Country Deal Volume Aggregate Value (BRLm)

United States 9 3,744.66

Argentina 9 5,022.40

Mexico 3 23.23

Spain 3 478.39

Chile 3 530.21

Colombia 3 423.51

Israel 2 15.93

Paraguay 2 ND

Uruguay 2 6.41

Brazil · Mergers & Acquisitions

29

Transactional Track Record (www.TTRecord.com) -

2

Subsectors in which Brazil-based companies sold equity abroad

Internet

Solar Energy

Electric Energy

Transport, Aviationand Logistics

Mining

Construction (Materialsand Machinery)

Fashion and Textile

Food and Beverage

Oil and Gas

Financial andInsurance

Distributionand Retail

Steel, Metallurgy andIndustrial Production

Food Industry 4

3

3

2

2

2

3

2

1

2

2

1

1

Deal Volume

Acquisitions vs. Divestitures by Brazil-based companies abroad

DivestituresAcquisitions

38

10,505.49 982.52

Acquisitions

Divestitures

Mergers & Acquisitions · Brazil

- Transactional Track Record (www.TTRecord.com)

Largest exits from foreign targets by Brazil-based companies(Excluding Private Equity and Venture Capital deals)

Target Subsector Buyer Seller Value (BRLm)

1Empresa de Generación Huallaga (Central Hidroeléctrica Chaglla)

Electric Energy Private Shareholders, China Three Gorges Odebrecht 5,536.81

2 Keystone Foods Food Industry Tyson Foods Marfrig 5,419.58

3 Companhia Siderúrgica Nacional US

Steel, Metallurgy and Industrial Production Steel Dynamics CSN - Companhia

Siderúrgica Nacional 1,538.21

4

Petrobras Paraguay Distribución, Petrobras Paraguay Operaciones y Logística, Petrobras Paraguay Gas

Oil and Gas;Transport, Aviation and Logistics

Corporación Paraguaya Distribuidora de Derivados del Petróleo

Petrobras 1,473.56

5 Cimpor Construction (Materials and Machinery) OYAK InterCement Brasil Confidencial

Legal Advisors

2 Lefosse Advogados

4 Vouga Abogados

4Peroni Sosa Tellechea Burt & Narvaja Abogados

4 Baker Botts

5 Uría Menéndez - Proença de Carvalho

5 Linklaters Portugal

Financial Advisors

2 Banco Bradesco BBI

4 Banco Itaú BBA

4 BR Partners

5 KPMG Advisory Services

Technical Advisory

5 ERM Portugal

Brazil · Mergers & Acquisitions

31

Transactional Track Record (www.TTRecord.com) -

2

MOST ACTIVE BUYERS & SELLERS IN 2018

COMPANIES ACQUIRING

COMPANIES SELLING

Brazil-based companies with most acquisitions

Brazil-based companies with most divestitures

Brazil-based buyers that spent most on acquisitions

Brazil-based companies that made the largest divestitures

Company Deal Volume

1 AJC Holding 25

2 Espaçolaser 9

3 Inspira Sul Participações 5

4 Gran Coffee 5

4 H Hemo 5

4 Equatorial Energia 4

Company Deal Volume

1 Eletrobras 15

2 Âmbar Energia 4

3 JHSF Participações 4

4 AJC Holding 3

5 GD Solar 3

Company Aggregate Value (BRLm)

1 Suzano Papel e Celulose 36,700.00

2 Enel Brasil Investimentos Sudeste 7,061.49

3 Saber Serviços Educacionais 4,116.54

4 State Grid Brazil Power Participações 4,100.00

5 Raízen Energia 3,680.58

Company Aggregate Value (BRLm)

1 BNDES 37,400.00

2 Votorantim 36,759.94

3 Odebrecht 5,536.81

4 Whirlpool Brasil 4,394.53

5 Tarpon Investimentos 4,116.54

Mergers & Acquisitions · Brazil

- Transactional Track Record (www.TTRecord.com)

3PRIVATE EQUITY

PRIVATE EQUITY OVERVIEW

DEAL VOLUME & AGGREGATE VALUE BY MARKET SEGMENT

53

18

18

10

15

1485

2

20591

10

13 3

6

5

4

1

14

2

5

76

58

56

46

2 8

4 4

BRL 15,928.81m

BRL 8,853.30m

BRL 9,296.25m

2015

2016

2017

2018 BRL 17,394.22m

Undisclosed Deal Value

>BRL 500mBRL 100m BRL 500m

BRL 50m BRL 100m

BRL 10m BRL 50m

BRL 1m BRL 10m

≤ BRL 1m

DEAL FLOW 2015-2018

0

2k

4k

6k

8k

10k

12k

0

20

25

30

35

40

4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q

2018201720162015

BRLm

Aggregate Value (BRLm)Deal Volume

Year Deal Volume Aggregate Value (BRLm)

2018 109 21,516.81

2017 98 14,133.86

2016 94 13,882.84

2015 94 21,263.85

Private Equity · Brazil

- Transactional Track Record (www.TTRecord.com)

DOMESTIC VS CROSS-BORDER DEALS

Deal Volume

Aggregate Value (BRLm)

2018201720162015

61

33

94 94 98 109

56

38

60

38

58

51

Cross-BorderDomestic

0

5k

10k

15k

20k

25k

2018201720162015

827.81,663.55

20,689.0119,600.30

9,909.78

9,008.15

4,224.084,874.69

Cross-BorderDomestic

Brazil · Private Equity

35

Transactional Track Record (www.TTRecord.com) -

3

INVESTMENTS VS EXITS

2015

2016

2017

2018

Secondary BuyoutExitsInvestments

89

77

17

12

17

3

74

85

12

1

5

3

2015

2016

2017

2018

Secondary BuyoutExitsInvestments

8,131.39

7,645.42

12,385.42

5,590.42

8,631.62

1,000.00

11,693.54

9,610.80

4,101.56

421.50

647.00

938.69

Deal Volume

Aggregate Value (BRLm)

Private Equity · Brazil

- Transactional Track Record (www.TTRecord.com)

LARGEST PRIVATE EQUITY INVESTMENTS(Excluding Cross-border transactions)

Target Subsector Buyer Seller Value (BRLm)

1 Domino's Pizza Brasil Food and Beverage Vinci Partners Bramex Comércio e Serviços 300.00

2 Grupo A Media, Multimedia and Editorial

Kinea Private Equity Investimentos

Private Shareholders 173.00

3 Alnutri Alimentos Food Industry DGH Participações

Private Shareholders 135.00

4 Shopping Center Tacaruna Distribution and Retail Vinci Partners Private Shareholders 81.60

5On Tecnologia De Mobilidade Urbana, BLU Digital Tecnologia de Mobilidade Urbana e Concessões

Technology Treecorp Partners

Private Shareholders 10.00

Legal Advisors

1 Ulhôa Canto, Rezende e Guerra - Advogados

1 Lobo de Rizzo Advogados

2 Pinheiro Neto Advogados

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

2 Lippert Advogados

4 Campos Mello Advogados

5 Machado, Meyer, Sendacz e Opice Advogados

5 Machado Nunes Advogados

Financial Advisors

1 Banco Itaú BBA

1 Vinci Partners

Brazil · Private Equity

37

Transactional Track Record (www.TTRecord.com) -

3

PRIVATE EQUITY INVESTMENTS

Most active subsectors for Private Equity investors in 2018

Deal Volume

Aggregate Value (BRLm)

Technology

Food andBeverage

Agriculture, Agribusiness,Farming and Fishing

Electric Energy

Real Estate

Financialand Insurance

Healthcare, Hygiene,Medical Aesthetics

and Cosmetics

Distributionand Retail 18

16

8

5

5

5

6

5

Education

Agriculture, Agribusiness,Farming and Fishing

Biofuel

Oil and Gas

Transport, Aviationand Logistics

Telecoms

Financial andInsurance

Electric Energy

Distributionand Retail 1,981.60

1,721.43

1,218.65

562.00

776.26

776.47

1,000.00

430.00

562.00

Private Equity · Brazil

- Transactional Track Record (www.TTRecord.com)

Geographical Distribution of Investments **Based on target headquarters location

2018

Deal Volume / Aggregate Value (BRLm)

Minas Gerais 14 / 1,188.16

Rondônia 1 / ND

Rio Grande do Sul 5 / 248.00

São Paulo 74 / 7,140.66

Rio de Janeiro 21 / 1,439.43

Santa Catarina 5 / 380.00

Mato Grosso 2 / ND

Piauí 1 / ND

Ceará 1 / ND

Rio Grande do Norte 71 / 2.390,32

Paraná 7 / 56.06

Espírito Santo 5 / ND

D.F. 2 / ND

Bahia 3 / ND

Pernambuco 4 / 81.60

Brazil · Private Equity

39

Transactional Track Record (www.TTRecord.com) -

3

Domestic vs Foreign Investments in Brazil

Deal Volume

Aggregate Value (BRLm)

2018201720162015

41

43

84 85 97 89

38

47

48

49

39

50

Cross-BorderDomestic

0

2k

4k

6k

8k

10k

12k

2018201720162015

1,702.92

5,271.47

7,577.31

10,380.01

6,154.64 6,082.37

5,865.30

2,854.37

Cross-BorderDomestic

Private Equity · Brazil

- Transactional Track Record (www.TTRecord.com)

Subsectors that attracted most Brazil-based Private equity Investments

Deal Volume

Aggregate Value (BRLm)

Agriculture, Agribusiness,Farming and Fishing

Construction (Materialsand Machinery)

Electric Energy

Food and Beverage

Healthcare, Hygiene,Medical Aesthetics

and Cosmetics

Distributionand Retail 13

11

5

4

4

4

Food Industry

Food and Beverage

Tourism, Hotelsand Restaurants

Financial andInsurance

Real Estate

Construction (Materialsand Machinery)

1,053.16

1,000.00

1,000.00

135.00

299.76

300.00

Brazil · Private Equity

41

Transactional Track Record (www.TTRecord.com) -

3

Countries with most Private Equity investments in Brazil

Country Deal Volume Aggregate Value (BRLm)

United States 25 4,153.15

United Kingdom 4 562.00

Canada 3 2,035.68

Germany 2 214.26

United Arab Emirates 2 773.57

Subsectors that attracted most foreign Private Equity

Subsector US UK CA AE MY

Healthcare, Hygiene, Medical Aesthetics and Cosmetics 4 - - - 1

Electric Energy 1 1 2 - -

Financial and Insurance 3 - - 1 -

Real Estate 4 - - - -

Private Equity · Brazil

- Transactional Track Record (www.TTRecord.com)

Largest investments by foreign Private Equity funds in Brazil

Target Subsector Buyer Seller Value (BRLm)

1 Walmart Brasil Distribution and Retail Advent International Walmart 1,900.00

2 CESP Electric Energy

VTRM Energia, CPPIB - Canada Pension Plan Investment Board

Governo de São Paulo, Companhia do Metropolitano de São Paulo - Metrô, Dersa Desenvolvimento Rodoviario, SABESP, Departamento de Águas e Energia Elétrica - DAEE, Companhia Paulista De Parcerias - Cpp

1,721.43

3 Algar Telecom TelecomsArchy (GIC Special Investments)

Algar Ventures 1,000.00

4 Eig Llx Holdings, Prumo Logística

Financial and Insurance; Transport, Aviation and Logistics

Mubadala - 773.57

5 Moove, CosanOil and Gas; Biofuel; Agriculture, Agribusiness, Farming and Fishing

CVC Capital Partners - 562.00

Legal Advisors

1 2 3 5 Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados

1 BMA – Barbosa Müssnich Aragão1 Ropes & Gray US1 Saiani & Saglietti Advogados1 Skadden, Arps, Slate, Meagher & Flom US

2 Wald, Antunes, Vita, Longo e Blattner Advogados

2 Torys2 Madrona Advogados

2 4 Stocche Forbes Advogados3 Jones Day US3 Machado, Meyer, Sendacz e Opice Advogados4 Akin Gump Strauss Hauer & Feld4 Shearman & Sterling4 Arendt & Medernacht4 Allen & Overy Luxembourg4 Milbank, Tweed, Hadley & McCloy US5 Pinheiro Neto Advogados5 Freshfields Bruckhaus Deringer UK5 Clifford Chance UK

Financial Advisors

1 Credit Suisse Group

1 Euro Latina Finance

1 Goldman Sachs

2 Banco Fator

2 3 Banco Bradesco BBI

2 Banco Santander

3 Banco BTG Pactual

Brazil · Private Equity

43

Transactional Track Record (www.TTRecord.com) -

3

Brazil-based vs. foreign divestments by volume and aggregate value in 2018**Includes complete and partial exits

PRIVATE EQUITY DIVESTMENTS

Technology

Financial andInsurance

Transport, Aviationand Logistics

Internet

Distributionand Retail 5

4

3

3

4

Foreign Funds

Brazil-based Funds

21

12,307�22

4,941�2015

Subsectors most divested by Brazil-based Private Equity firms

Deal Volume

Deal Volume

Aggregate Value (BRLm)

Private Equity · Brazil

- Transactional Track Record (www.TTRecord.com)

Countries with most Private Equity funds divesting in Brazil

Country Deal Volume Aggregate Value (BRLm)

United States 12 12,157.22

Germany 1 ND

Argentina 1 ND

Japan 1 1,954.00

Bermuda 1 150.00

Uruguay 1 ND

Subsectors most divested by foreign Private Equity Funds

Financial andInsurance

Education

Telecoms

Tourism, Hotelsand Restaurants

Technology

Internet

Distributionand Retail 5

3

2

2

2

2

2

Deal Volume

Brazil · Private Equity

45

Transactional Track Record (www.TTRecord.com) -

3

4 VENTURE CAPITAL

VENTURE CAPITAL OVERVIEW

DEAL VOLUME & AGGREGATE VALUE BY MARKET SEGMENT

23 48

18

18

18

3790

57

916 24 10 12

25 7

6

9 87

8

83

57

31

72

11 1120

9

8

5 4 11

Undisclosed Deal Value

> BRL 50mBRL 20m BRL 50m

BRL 10m BRL 20m

BRL 5m BRL 10m

BRL 1m BRL 5m

≤ BRL 1m

BRL 608.77m

BRL 1,056.84m

BRL 2,262.48m

2015

2016

2017

2018 BRL 5,596.89m

DEAL FLOW 2015-2018

0

0.5k

1k

1.5k

2k

2.5k

0

30

40

50

60

70

80

4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q

2018201720162015

BRLm

Aggregate Value (BRLm)Deal Volume

Year Deal Volume Aggregate Value (BRLm)

2018 214 6,504.47

2017 187 2,795.40

2016 170 1,562.60

2015 149 1,270.56

Venture Capital · Brazil

- Transactional Track Record (www.TTRecord.com)

LARGEST VENTURE CAPITAL TRANSACTIONS IN BRAZIL(Excluding Cross-border transactions)

Target Subsector Buyer Seller Value (BRLm)

1 Velsis Sistemas e Tecnologia Viaria Technology R2C Investimentos - 50.00

2 Ezcommerce Internet; Distribution and Retail Linx Sistemas Private Shareholders,

FIP Criatec II 49.00

3 Omiexperience Technology Astella Investimentos - 25.00

4 Sky.One Technology Invest Tech - 22.50

5 PP Promotora de Vendas

Financial and Insurance; Internet

Astella Investimentos, Innova Capital, Private Shareholders - 22.00

Legal Advisors

1 Perlman, Vidigal e Godoy Advogados

1 Vernalha, Di Lascio, Mesquita & Associados

3 5 Derraik & Menezes Advogados

4 Madrona Advogados

4 Veirano Advogados

4 HCO Advogados

5 TozziniFreire Advogados

5 Lobo de Rizzo Advogados

Financial Advisors

5 Alvarez & Marsal

Brazil · Venture Capital

49

Transactional Track Record (www.TTRecord.com) -

4

VENTURE CAPITAL INVESTMENTS

Most active subsectors for Venture Capital investments in 2018

Deal Volume

Agriculture, Agribusiness,Farming and Fishing

Marketing andAdvertising

Education

Transport, Aviationand Logistics

Healthcare, Hygiene,Medical Aesthetics

and Cosmetics

Consultancy, Auditand Engineering

Distributionand Retail

Internet

Financial andInsurance

Technology 113

45

34

12

15

16

19

12

6

7

Aggregate Value (BRLm)

Education

Electronics

Distributionand Retail

Transport, Aviationand Logistics

Telecoms

Consultancy, Auditand Engineering

Real Estate

Tourism, Hotelsand Restaurants

Healthcare, Hygiene,Medical Aesthetics

and Cosmetics

Financial andInsurance

Internet

Technology 3,071.03

2,987.27

1,308.65

219.16

257.40

417.59

473.28

182.78

72.40

92.91

107.74

60.60

Venture Capital · Brazil

- Transactional Track Record (www.TTRecord.com)

Geographical Distribution of Investments**Based on target headquarters location

2018

Deal Volume / Aggregate Value (BRLm)

Minas Gerais 15 / 67.63

Rio Grande do Sul 9 / 53.02

São Paulo 169 / 6,187.02

Rio de Janeiro 30 / 235.57

Santa Catarina 20 / 131.58

Mato Grosso 1 / ND

Piauí 1 / ND

Ceará 3 / 3

Paraná 9 / 561.90

Espírito Santo 3 / 1.90

D.F. 10 / 28.29

Bahia 3 / ND

Alagoas 1 / 2.50

Amazonas 1 / 20.00

Goiás 3 / 4.15

Brazil · Venture Capital

51

Transactional Track Record (www.TTRecord.com) -

4

Domestic vs cross-border investments by number and value

Deal Volume

Aggregate Value (BRLm)

2018201720162015

54

95

149 170 187 214

54

116

51

136

67

147

Cross-BorderDomestic

0

1k

2k

3k

4k

5k

6k

7k

8k

2018201720162015

422.80295.90172.36

974.66

1,362.72

6,081.67

2,623.04

199.88

Cross-BorderDomestic

Venture Capital · Brazil

- Transactional Track Record (www.TTRecord.com)

Subsectors most targeted by Brazil-based Venture Capital

Deal Volume

Aggregate Value (BRLm)

Agriculture, Agribusiness,Farming and Fishing

Internet

Financial andInsurance

Technology 61

18

12

6

Cars, Motorcyclesand Other Vehicles

Financial andInsurance

Technology

Internet 2,042.98

763.47

674.04

41.48

Countries with most Venture Capital acquisitions in Brazil

Country Deal Volume Aggregate Value (BRLm)

United States 24 1,209.87

Argentina 6 312.20

Germany 3 14.03

Mexico 3 19.40

United Kingdom 3 611.00

France 2 93.88

Bermuda 2 29.00

Brazil · Venture Capital

53

Transactional Track Record (www.TTRecord.com) -

4

Subsectors most targeted by foreign Venture capital in 2018

Distributionand Retail

Financial andInsurance

Internet

Technology 16

15

14

7

Real Estate

Internet

Financial andInsurance

Technology 753.65

718.04

543.40

250.00

Deal Volume

Aggregate Value (BRLm)

Countries where Brazil-based Venture Capital firms made most acquisitions

Country Deal Volume Aggregate Value (BRLm)

Colombia 3 430.97

United States 3 ND

Argentina 2 152.27

Spain 1 478.39

Portugal 1 6.87

United Kingdom 1 17.00

Financialand Insurance

Technology

Internet 4

4

3

Subsectors most targeted by Brazil-based Venture Capital investments

Deal Volume

Venture Capital · Brazil

- Transactional Track Record (www.TTRecord.com)

Largest transactions by foreign Venture Capital funds in Brazil

Target Subsector Buyer Seller Value (BRLm)

1 Nubank Financial and Insurance; Technology

DST Global, Founders Fund, Redpoint Ventures, Ribbit Capital, QED Investors, Dragoneer Investment Group, Thrive Capital

- 485,00

2 QuintoAndar Internet; Real Estate General Atlantic, Kaszek Ventures, Ruane, Cunniff & Goldfarb, Qualcomm Ventures, QED Investors - 250,00

3 ContaAzul Internet Tiger Global Management, Endeavor Catalyst - 100,00

4 Neon Pagamentos

Technology; Financial and Insurance

Propel Venture Partners, monashees, Mabi Investments, Quona Capital, Omidyar Network, Tera Capital, Yellow Ventures

- 72,00

5 RecargaPay Financial and Insurance; Technology

International Finance Corporation (IFC), TheVentureCity, Ventech, Private Shareholders - 71,50

Financial Advisors

4 BR Partners

Legal Advisors

1 Demarest Advogados

1 Goodwin Procter

1 4 Pinheiro Neto Advogados

1 Campbells

1 K&L Gates

2 4Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados

2 Paul, Weiss, Rifkind, Wharton & Garrison

4 Gunderson Dettmer

4 Taylor Wessing UK

4 Clifford Chance UK

4 DLA Piper UK

Brazil · Venture Capital

55

Transactional Track Record (www.TTRecord.com) -

4

SECTORS & SUBSECTORS5

SECTORS AND SUBSECTORS

MOST ACTIVE SUBSECTORS IN 2018

Electronics

Chemical andChemical Materials

Tourism, Hotelsand Restaurants

Glass, Ceramic, Paper,Plastics, Wood

and Timber

Marketing andAdvertising

Steel, Metallurgy andIndustrial Production

Food Industry

Food and Beverage

Construction (Materialsand Machinery)

Agriculture, Agribusiness,Farming and Fishing

Real Estate

Transport, Aviationand Logistics

Education

Internet

Electric Energy

Consultancy, Auditand Engineering

Distributionand Retail

Healthcare, Hygiene,Medical Aesthetics

and Cosmetics

Financialand Insurance

Technology 243

155

122

63

71

82

115

56

43

39

34

33

33

32

25

22

21

20

21

56

Deal Volume

Sectors and subsectors · Brazil

- Transactional Track Record (www.TTRecord.com)

Water and Sanitation

Tourism, Hotelsand Restaurants

Chemical andChemical Materials

Agriculture, Agribusiness,Farming and Fishing

Healthcare, Hygiene,Medical Aesthetics

and Cosmetics

Real Estate

Mining

Construction (Materialsand Machinery)

Biomass

Transport, Aviationand Logistics

Media, Multimediaand Editorial

Internet

Consultancy, Auditand Engineering

Wind Energy

Distribution and Retail

Oil and Gas

Education

Telecoms

Steel, Metallurgy andIndustrial Production

Food Industry

Technology

Financial and Insurance

Electric Energy

Forestry

Glass, Ceramic, Paper,Plastics, Wood

and Timber37,336.61

36,701.00

27,788.53

10,735.75

12,015.13

14,163.35

15,117.82

6,204.69

5,936.27

5,451.62

5,352.15

5,335.14

5,207.64

5,189.04

4,544.49

4,200.00

3,804.80

2,943.98

2,463.96

1,221.83

1,221.44

1,200.00

1,843.41

3,719.17

9,037.21

Aggregate Value (BRLm)

Brazil · Sectors and subsectors

59

Transactional Track Record (www.TTRecord.com) -

5

ENERGY AND RENEWABLE ENERGIES

TRANSACTION VOLUME BY SUBSECTOR

Nuclear Energy

Geothermal Energy

Hydraulic Energy

Biomass

Biofuel

Solar Energy

Wind Energy

Oil and Gas

Electric Energy 71

10

9

2

3

4

8

0

1

Deal Volume

Sectors and subsectors · Brazil

- Transactional Track Record (www.TTRecord.com)

Deal Volume

ELECTRIC ENERGY

2

4

6

8

10

12

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL77

71

6

Completed

Cancelled

TOTAL11

10

1

Completed

Cancelled

TOTAL11

9

2

Completed

Cancelled

TOTAL8

8

0

Completed

Cancelled

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1 Enel Distribuição São Paulo Enel Brasil Investimentos Sudeste Private Shareholders 7,061.49

2 Empresa de Generación Huallaga (Central Hidroeléctrica Chaglla)

Private Shareholders, China Three Gorges Odebrecht Latinvest 5,536.81

3 CPFL Renováveis State Grid Brazil Power Participações Private Shareholders 4,100.00

Financial Advisors

1 Banco Itaú BBA

1 Banco Bradesco BBI

1 Banco BTG Pactual

1 Banco Credit Suisse Brasil

1 Banco J.P. Morgan do Brasil

3 Banco Santander Brasil

3 Bank of America Merrill Lynch

3 Banco Fator

Legal Advisors

1 3 Cescon, Barrieu Flesch & Barreto Advogados

1 Yazbek Advogados

1 3 BMA – Barbosa Müssnich Aragão

1 Lefosse Advogados

1 Pinheiro Guimarães

3 Veirano Advogados

Top Private Equity Investors

Private Equity Investors Country Deal Volume

CPP - Canada Pension Plan Canada 2

Farallon Capital Management United States 1

Patria Investimentos Brazil 1

Vinci Partners Brazil 1

Brazil · Sectors and subsectors

61

Transactional Track Record (www.TTRecord.com) -

5

Deal Volume

OIL AND GAS

2

4

6

8

10

12

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL77

71

6

Completed

Cancelled

TOTAL11

10

1

Completed

Cancelled

TOTAL11

9

2

Completed

Cancelled

TOTAL8

8

0

Completed

Cancelled

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1Energina Compañía Argentina de Petróleo, Shell Compañía Argentina de Petróleo

Raízen Argentina Holdings, Raízen Combustíveis

B. V. Dordtsche Petroleum Maatschappij, Shell Overseas Investments

3,680.58

2Petrobras Paraguay Distribución, Petrobras Paraguay Operaciones y Logística, Petrobras Paraguay Gas

Corporación Paraguaya Distribuidora de Derivados del Petróleo

Petrobras International Braspetro 1,473.56

3 Moove, Cosan CVC Fund VII - 562.00

Financial Advisors2 Banco Itaú BBA

2 BR Partners

Legal Advisors

1 BMA – Barbosa Müssnich Aragão

1 Mitrani, Caballero & Ruiz Moreno Abogados

1 Marval O’Farrell & Mairal

2 Vouga Abogados

2 Peroni Sosa Tellechea Burt & Narvaja Abogados

2 Baker Botts

3 Pinheiro Neto Advogados

3 Freshfields Bruckhaus Deringer UK

3 Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados

3 Clifford Chance UK

Top Private Equity Investors

Private Equity Investors Country Deal Volume

CVC Capital Partners Luxembourg 1

RWE Supply & Trading Germany 1

Sectors and subsectors · Brazil

- Transactional Track Record (www.TTRecord.com)

Deal Volume

WIND ENERGY

2

4

6

8

10

12

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL77

71

6

Completed

Cancelled

TOTAL11

10

1

Completed

Cancelled

TOTAL11

9

2

Completed

Cancelled

TOTAL8

8

0

Completed

Cancelled

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1 CPFL Renováveis State Grid Brazil Power Participações

Private Shareholders 4,100.00

2

Parque Eolico Assurua Ii, Parque Eolico Assurua v, Parque Eolico Assurua Vii, Parque Eolico Assurua Iii, Parque Eolico Assurua Iv, Parque Eolico Capoeiras Iii, Parque Eolico Diamante Ii, Parque Eolico Diamante Iii, Parque Eolico Laranjeiras i, Parque Eolico Laranjeiras II, Parque Eolico Laranjeiras IV, Parque Eolico Curral De Pedras Ii, Parque Eolico Curral De Pedras i, Centrais Eolicas Assurua

Omega Geração FIP IEER 882.00

3Rei dos Ventos 3 Geradora de Energia, Brasventos Eolo Geradora de Energia, Brasventos Miassaba 3 Geradora de Energia

J Malucelli Gerenciadora de Projetos e Análise de Risco Eletrobras 171.30

Financial Advisors

1 Banco Santander Brasil

1 Bank of America Merrill Lynch

1 Banco Fator

2 3 Banco BTG Pactual

3 Credit Suisse Brasil

3 Banco ABC Brasil

Legal Advisors

1 BMA – Barbosa Müssnich Aragão

1 Veirano Advogados

1 3 Cescon, Barrieu Flesch & Barreto Advogados

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

2 Stocche Forbes Advogados

Top Private Equity Investors

Private Equity Investors Country Deal Volume

CPP - Canada Pension Plan Canada 1

Brazil · Sectors and subsectors

63

Transactional Track Record (www.TTRecord.com) -

5

Deal Volume

SOLAR ENERGY

2

4

6

8

10

12

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL77

71

6

Completed

Cancelled

TOTAL11

10

1

Completed

Cancelled

TOTAL11

9

2

Completed

Cancelled

TOTAL8

8

0

Completed

Cancelled

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1

Pirapora V Energias Renováveis, Pirapora VI Energias Renováveis, Pirapora VII Energias Renováveis, Pirapora IX Energias Renováveis, Pirapora X Energias Renováveis, Pirapora II Energias Renováveis, Pirapora III Energias Renovaveis, Pirapora IV Energias Renovaveis, Vazante I Energias Renováveis, Vazante II Energias Renováveis, Vazante III Energias Renováveis

Omega Geração Canadian Solar UK Projects, EDF EN do Brasil 456.00

2 Engie Solar Engie Brasil RPF Participações, Dual G 35.10

3 Guimarania I, Guimarania II Global Power Generation Canadian Solar -

Legal Advisors

1 Pinheiro Guimarães

1 Stocche Forbes Advogados

1 Trench, Rossi e Watanabe Advogados

Sectors and subsectors · Brazil

- Transactional Track Record (www.TTRecord.com)

REAL ESTATE AND CONSTRUCTION

TRANSACTION VOLUME BY SUBSECTOR

Construction (Materialsand Machinery)

Real Estate 43

34

Deal Volume

Brazil · Sectors and subsectors

65

Transactional Track Record (www.TTRecord.com) -

5

Deal Volume

REAL ESTATE

2

4

6

8

10

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

7

8

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL43

43

0

Completed

Cancelled

TOTAL35

34

1

Completed

Cancelled

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1

Goodman Caxias Empreendimentos Imobiliarios, Goodman Itupeva Empreendimentos Imobiliários, Goodman Patrimonial I - Fundo de Investimento Imobiliário - FII, Goodman SB Empreendimentos Imobiliários, Goodman I Empreendimentos Imobiliários, Goodman Campo Grande Empreendimentos Imobiliários, Goodman Patrimonial II - Fundo de Investimento Imobiliário - FII

GBLP - Fundo Goodman Brazil Logistics Partnership

Goodman Investimentos e Participações, Goodman Brasil Logistica

1,000.00

2 Shopping Cidade Jardim XP Malls FII JHSF Malls 650.00

3 Bresco Investimentos Jaguar Growth Partners - 300.00

Legal Advisors

1 Cescon, Barrieu Flesch & Barreto Advogados

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

2 BMA – Barbosa Müssnich Aragão

Sectors and subsectors · Brazil

- Transactional Track Record (www.TTRecord.com)

Top Private Equity Investors

Private Equity Investors Country Deal Volume

Jaguar Growth Partners United States 1

HIG Capital United States 1

HSI- Hemisferio Sul Investimentos Brazil 1

VBI Real Estate Brazil 1

Top Venture Capital Investors

Venture Capital Investors Country Deal Volume

General Atlantic United States 1

Kaszek Ventures Argentina 1

QED Investors United States 1

Qualcomm Ventures United States 1

Monashees VIII Brazil 1

Brazil · Sectors and subsectors

67

Transactional Track Record (www.TTRecord.com) -

5

Deal Volume

CONSTRUCTION (MATERIALS AND MACHINERY)

2

4

6

8

10

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

7

8

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL43

43

0

Completed

Cancelled

TOTAL35

34

1

Completed

Cancelled

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1

Goodman Caxias Empreendimentos Imobiliarios, Goodman Itupeva Empreendimentos Imobiliários, Goodman Patrimonial I - Fundo de Investimento Imobiliário - FII, Goodman SB Empreendimentos Imobiliários, Goodman I Empreendimentos Imobiliários, Goodman Campo Grande Empreendimentos Imobiliários, Goodman Patrimonial II - Fundo de Investimento Imobiliário - FII

GBLP - Fundo Goodman Brazil Logistics Partnership

Goodman Investimentos e Participações, Goodman Brasil Logistica

1,000.00

2 Eliane Mohawk Industries FIP Kinea Private Equity II, MG5 937.24

3 BCPAR Buzzi UnicemBNDESPar, FIP Multisetorial Plus, Brennand Cimentos, Private Shareholders

700.00

Financial Advisors

2 Olimpia Partners

3 Banco Bradesco BBI

Legal Advisors

1 Cescon, Barrieu Flesch & Barreto Advogados

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

2 Machado, Meyer, Sendacz e Opice Advogados

2 Demarest Advogados

2 Mundie e Advogados

3 Machado Associados

3 Tosetto, Weigmann e Associati

3 Pinheiro Neto Advogados

Sectors and subsectors · Brazil

- Transactional Track Record (www.TTRecord.com)

Top Private Equity Investors

Private Equity Investors Country Deal Volume

HIG Capital United States 1

FRAM Capital DTVM Brazil 1

Gávea Investimentos Brazil 1

HSI- Hemisferio Sul Investimentos Brazil 1

Warburg Pincus United States 1

Brazil · Sectors and subsectors

69

Transactional Track Record (www.TTRecord.com) -

5

INDUSTRY

TRANSACTION VOLUME BY SUBSECTOR

Tobacco

Shipbuilding

OtherConsumer Goods

Aerospace andAeronautical

Automotive and aRecreational Vehicles

Fashion and Textile

Pharmaceutical,Parapharmaceutical

and Cosmetics

Chemical andChemical Materials

Glass, Ceramic, Paper,Plastics, Wood

and Timber

Steel, Metallurgy andIndustrial Production

Food Industry 33

32

22

8

8

9

21

3

0

1

1

Deal Volume

Sectors and subsectors · Brazil

- Transactional Track Record (www.TTRecord.com)

Deal Volume

FOOD INDUSTRY

2

4

6

8

10

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

7

8

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

2

4

6

8

10

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

2

4

6

8

10

12

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL33

33

0

Completed

Cancelled

TOTAL33

32

1

Completed

Cancelled

TOTAL22

22

0

Completed

Cancelled

TOTAL22

21

1

Completed

Cancelled

TOTAL9

9

0

Completed

Cancelled

TOTAL8

8

0

Completed

Cancelled

TOTAL8

8

0

Completed

Cancelled

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1 Keystone Foods Tyson Foods McKey Luxembourg Holdings, MFG (USA) Holdings 5,419.58

2 National Beef Packing Company NBM US Holdings Leucadia, Private Shareholders 3,707.95

3 Piraquê M. Dias Branco Private Shareholders 1,550.00

Financial Advisors

1 2 Banco Bradesco BBI

2 Rabo Securities USA

2 Morgan Stanley

3 Vinci Partners

3 Banco Itaú BBA

Legal Advisors

1 2 Lefosse Advogados

2 Linklaters USA

2 Pinheiro Neto Advogados

2 Morgan Lewis & Bockius

3 TozziniFreire Advogados

3 FreitasLeite Advogados

3 L. O. Baptista Advogados

Top Private Equity Investors

Private Equity Investors Country Deal Volume

Aqua Capital Brazil 2

Stratus Brazil 1

Apax Partners United Kingdom 1

Brazil · Sectors and subsectors

71

Transactional Track Record (www.TTRecord.com) -

5

Deal VolumeDeal Volume

STEEL, METALLURGY AND INDUSTRIAL PRODUCTION

2

4

6

8

10

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

7

8

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

2

4

6

8

10

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

2

4

6

8

10

12

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL33

33

0

Completed

Cancelled

TOTAL33

32

1

Completed

Cancelled

TOTAL22

22

0

Completed

Cancelled

TOTAL22

21

1

Completed

Cancelled

TOTAL9

9

0

Completed

Cancelled

TOTAL8

8

0

Completed

Cancelled

TOTAL8

8

0

Completed

Cancelled

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1 Embraco Nidec Corporation Whirlpool Brasil 4,394.53

2 New Steel Vale - Companhia Vale do Rio Doce Hankoe FIP 1,879.81

3 Companhia Siderúrgica Nacional US Steel Dynamics CSN Steel 1,538.21

Financial Advisors

2 Banco BTG Pactual

Legal Advisors

1 Machado, Meyer, Sendacz e Opice Advogados

1 Sidley Austin US

1 Linklaters UK

1 Cleary Gottlieb Steen & Hamilton US

1 Cescon, Barrieu Flesch & Barreto Advogados

1 Pinheiro Neto Advogados

2 Madrona Advogados

2 Allen & Overy Netherlands

2 BMA – Barbosa Müssnich Aragão

2 Norton Rose Fulbright Netherlands

Sectors and subsectors · Brazil

- Transactional Track Record (www.TTRecord.com)

Top Private Equity Investors

Private Equity Investors Country Deal Volume

FRAM Capital DTVM Brazil 1

Cerberus Capital Management United States 1

Top Venture Capital Investors

Venture Capital Investors Country Deal Volume

Confrapar Brazil 1

RBS Comunicações Brazil 1

Brazil · Sectors and subsectors

73

Transactional Track Record (www.TTRecord.com) -

5

Deal VolumeDeal Volume

GLASS, CERAMIC, PAPER, PLASTICS, WOOD AND TIMBER

2

4

6

8

10

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

7

8

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

2

4

6

8

10

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

2

4

6

8

10

12

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL33

33

0

Completed

Cancelled

TOTAL33

32

1

Completed

Cancelled

TOTAL22

22

0

Completed

Cancelled

TOTAL22

21

1

Completed

Cancelled

TOTAL9

9

0

Completed

Cancelled

TOTAL8

8

0

Completed

Cancelled

TOTAL8

8

0

Completed

Cancelled

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1 Fibria Celulose Suzano Papel e Celulose Votorantim, BNDESPar 36,700.00

2 Caieiras Indústria e Comércio de Papéis Especiais Ahlstrom Brasil Private Shareholders,

Grupo Formitex 426.56

3 Indústria Vidreira do Nordeste Vidroporto Verallia, Ipiaram - Empreendimentos e Participações 170.00

Financial Advisors

1 3 Banco Itaú BBA

1 Riza Capital

1 Banco Bradesco BBI

1 Bank of America

1 Morgan Stanley

3 Astoria Capital Partners

Legal Advisors

1 Cescon, Barrieu Flesch & Barreto Advogados

1 BMA – Barbosa Müssnich Aragão

1 TozziniFreire Advogados

1 2 3 Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados

1 Ulhôa Canto, Rezende e Guerra - Advogados

1 Machado, Meyer, Sendacz e Opice Advogados

2 Radi, Calil e Associados

3 Pinheiro Neto Advogados

3 Assis Advogados e Mediadores

Sectors and subsectors · Brazil

- Transactional Track Record (www.TTRecord.com)

Deal VolumeDeal Volume

CHEMICAL AND CHEMICAL MATERIALS

2

4

6

8

10

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

7

8

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

2

4

6

8

10

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

2

4

6

8

10

12

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL33

33

0

Completed

Cancelled

TOTAL33

32

1

Completed

Cancelled

TOTAL22

22

0

Completed

Cancelled

TOTAL22

21

1

Completed

Cancelled

TOTAL9

9

0

Completed

Cancelled

TOTAL8

8

0

Completed

Cancelled

TOTAL8

8

0

Completed

Cancelled

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1 Galvani Indústria, Comércio e Serviços Yara Brasil Fertilizantes Private Shareholders 747.10

2 Fortgreen Comercial Agricola Bernardino Tropical Participações Private Shareholders 179.00

3 Cibra Sirius Minerals - 147.20

Financial Advisors

2 IGC Partners

Legal Advisors

1 Candido Martins Advogados

1 Cescon, Barrieu Flesch & Barreto Advogados

1 Trench, Rossi e Watanabe Advogados

2 Demarest Advogados

2 Lobo de Rizzo Advogados

2 Philip Lee

3 FCAM - Ferraz de Camargo e Matsunaga Advogados

Top Private Equity Investors

Private Equity Investors Country Deal Volume

HIG Capital United States 1

Aqua Capital Brazil 1

CVC Capital Partners Luxembourg 1

Brazil · Sectors and subsectors

75

Transactional Track Record (www.TTRecord.com) -

5

Deal Volume

PHARMACEUTICAL, PARAPHARMACEUTICAL AND COSMETICS

2

4

6

8

10

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

7

8

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

2

4

6

8

10

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

2

4

6

8

10

12

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL33

33

0

Completed

Cancelled

TOTAL33

32

1

Completed

Cancelled

TOTAL22

22

0

Completed

Cancelled

TOTAL22

21

1

Completed

Cancelled

TOTAL9

9

0

Completed

Cancelled

TOTAL8

8

0

Completed

Cancelled

TOTAL8

8

0

Completed

Cancelled

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1 Venco Saúde Animal Dechra Private Shareholders 185.00

2 Laboratório Canonne VDA Invest, CMN Solutions A085 Participações, Palcates Printania, Private Shareholders 23.00

3 Actavis Brasil Biolab Teva Farmacêutica, Actavis Dutch Holding -

Financial Advisors

1 JMB Advisors

2 Credit Suisse Brasil

Legal Advisors

1 Dias Carneiro Advogados

1 Venable

1 Baptista Luz Advogados

2 Rolim de Mello Advogados

2 Posadas, Posadas & Vecino

2 Vettori Rubinstein & Foz Advogados

2 Oberson Abels

3 Felsberg Advogados

Due Diligence

1 EY Brasil

Top Private Equity Investors

Private Equity Investors Country Deal Volume

CVC Capital Partners Luxembourg 1

Sectors and subsectors · Brazil

- Transactional Track Record (www.TTRecord.com)

Deal Volume

FASHION AND TEXTILE

2

4

6

8

10

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

7

8

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

2

4

6

8

10

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

2

4

6

8

10

12

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL33

33

0

Completed

Cancelled

TOTAL33

32

1

Completed

Cancelled

TOTAL22

22

0

Completed

Cancelled

TOTAL22

21

1

Completed

Cancelled

TOTAL9

9

0

Completed

Cancelled

TOTAL8

8

0

Completed

Cancelled

TOTAL8

8

0

Completed

Cancelled

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1 Santista, Santista Argentina Siete Leguas Mover Participações 136.65

2 Springs Global Keeco - 126.00

3 UA Brasil Comercio e Distribuicao de Artigos Esportivos Vulcabras Azaleia Ceará Under Armour BRLope,

Under Armor UK 97.50

Financial Advisors

1 Deloitte Brasil

2 Banco Itaú BBA

Legal Advisors

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

1 MHR Abogados

1 Deloitte México

1 Perlman, Vidigal e Godoy Advogados

3 Pinheiro Neto Advogados

3 Azevedo Sette Advogados

Brazil · Sectors and subsectors

77

Transactional Track Record (www.TTRecord.com) -

5

Deal Volume

AUTOMOTIVE AND RECREATIONAL VEHICLES

2

4

6

8

10

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

7

8

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

2

4

6

8

10

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

2

4

6

8

10

12

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL33

33

0

Completed

Cancelled

TOTAL33

32

1

Completed

Cancelled

TOTAL22

22

0

Completed

Cancelled

TOTAL22

21

1

Completed

Cancelled

TOTAL9

9

0

Completed

Cancelled

TOTAL8

8

0

Completed

Cancelled

TOTAL8

8

0

Completed

Cancelled

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1Toshiba Infraestrutura America Do Sul, Toshiba America do Sul - Minas Gerais, Toshiba America do Sul - Curitiba

TSEA Participações Toshiba 53.16

2 Bins Indústria de Artefatos de Borracha Datwyler Private Shareholders 32.40

3 Altave FIP Criatec II, FIP Aerotec - 16.00

Financial Advisors

1 Deloitte Brasil

2 Frattini Consultores Associados

Legal Advisors

1Landi, Rodrigues, Nakano e Giovannetti Advogados

1 2 Trench, Rossi e Watanabe Advogados

2 Lippert Advogados

Top Private Equity Investors

Private Equity Investors Country Deal Volume

FRAM Capital DTVM Brazil 1

HIG Capital United States 1

Top Venture Capital Investors

Venture Capital Investors Country Deal Volume

Bozano Investimentos Brazil 1

Kick Ventures Brazil 1

Sectors and subsectors · Brazil

- Transactional Track Record (www.TTRecord.com)

NATURAL RESOURCES

TRANSACTION VOLUME BY SUBSECTOR

Forestry

Mining

Agriculture, Agribusiness,Farming and Fishing 39

7417

3

Deal Volume

Brazil · Sectors and subsectors

79

Transactional Track Record (www.TTRecord.com) -

5

Deal Volume

AGRICULTURE, AGRIBUSINESS, FARMING AND FISHING

4

8

12

16

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL40

39

1

Completed

Cancelled

TOTAL17

17

0

Completed

Cancelled

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1 Moove, Cosan CVC Fund VII - 562.00

2 Agrichem Utilfertil

G2 Investimentos e Participações, Patria Economia Real FIP, Pátria Private Equity Fund III Co-investimento FIP, Brasil Private Equity III FIP, Patria Brazilian Private Equity III FIP, Patria Private Equity II FIP

330.00

3 Grupo Montesanto Tavares PSP Investments Private Shareholders 296.05

Financial Advisors

3 EY Brasil

3 Blackwall Partners

Legal Advisors

1 3 Pinheiro Neto Advogados

1 Freshfields Bruckhaus Deringer UK

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

1 Clifford Chance UK

2 Stocche Forbes Advogados

2 Simpson Thacher & Bartlett US

2 Tess Advogados

2 Blakes

3 Machado, Meyer, Sendacz e Opice Advogados

3 Torys US

Sectors and subsectors · Brazil

- Transactional Track Record (www.TTRecord.com)

Top Private Equity Investors

Private Equity Investors Country Deal Volume

Aqua Capital Brazil 3

CVC Capital Partners Luxembourg 1

Patria Investimentos Brazil 1

Top Venture Capital Investors

Venture Capital Investors Country Deal Volume

Inseed Investimentos Brazil 2

SP Ventures Brazil 2

Fundo Criatec Brazil 1

techtools ventures Brazil 1

Monsanto United States 1

Openvc Brazil 1

Brazil · Sectors and subsectors

81

Transactional Track Record (www.TTRecord.com) -

5

Deal Volume

MINING

4

8

12

16

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL40

39

1

Completed

Cancelled

TOTAL17

17

0

Completed

Cancelled

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1 New Steel Vale - Companhia Vale do Rio Doce Hankoe FIP 1,879.81

2 Brio Gold, Brio Gold Mineração Leagold Mining Private Shareholders 1,076.21

3 Siderperú Gerdau Chile Inversiones Gerdau 522.79

Financial Advisors1 Banco BTG Pactual

2 UBS Investment Bank

2 Investec Bank

2 Société Générale Group

Legal Advisors1 Madrona Advogados

1 Allen & Overy Netherlands

1 BMA – Barbosa Müssnich Aragão

1 Norton Rose Fulbright Netherlands

2 Veirano Advogados

2 Fasken Martineau Dumoulin Canada

2 Galicia Abogados

2 Homburger

2 Stek Advocaten

2 Skadden, Arps, Slate, Meagher & Flom US

2 Machado de Campos e Barreto Advogados

Top Private Equity Investors

Private Equity Investors Country Deal Volume

Appian Capital Advisory United Kingdom 1

Centerbridge Partners United States 1

Sectors and subsectors · Brazil

- Transactional Track Record (www.TTRecord.com)

SERVICES AND DISTRIBUTION

TRANSACTION VOLUME BY SUBSECTOR

Courier

Public Services

Luxury Goodsand Services

Funeral Services

Printing and Binding

Inspection andCertification

Security and Private Arms, Ammunition

and Explosives

Water and Sanitation

Event Productionand Management

Waste Management,Pollution and Recycling

Other Services

Cars, Motorcyclesand Other Vehicles

Sports and Leisure

Media, Multimediaand Editorial

Tourism, Hotelsand Restaurants

Marketing and Advertising

Food and Beverage

Education

Transport, Aviationand Logistics

Consultancy, Auditand Engineering

Distributionand Retail

Healthcare, Hygiene,Medical Aesthetics

and Cosmetics

Financialand Insurance

122

155

115

82

25

33

56

56

14

13

13

7

9

9

6

3

2

2

1

1

0

1

21

Deal Volume

Brazil · Sectors and subsectors

83

Transactional Track Record (www.TTRecord.com) -

5

Deal VolumeDeal Volume

FINANCIAL AND INSURANCE

5

10

15

20

25

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

10

20

30

40

50

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

5

10

15

20

25

30

35

40

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

5

10

15

20

25

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

5

10

15

20

25

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

2

4

6

8

10

12

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

7

8

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL155

155

0

Completed

Cancelled

TOTAL122

122

0

Completed

Cancelled

TOTAL115

115

0

Completed

Cancelled

TOTAL82

82

0

Completed

Cancelled

TOTAL56

56

56

33

0

Completed

Cancelled

Completed

Cancelled

Completed

Cancelled

TOTAL56

0

TOTAL34

1

25

Completed

Cancelled

TOTAL25

0

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1 Mapfre BB SH2 Participações Mapfre Brasil BB Seguros 2,274.18

2 QBE Seguros, QBE Brasil Seguros, QBE Seguros Colonial, QBE México, QBE Argentina

Zurich Insurance Company QBE Insurance 1,599.33

3 Getnet Banco Santander Brasil Manzat Inversiones, Private Shareholders 1,431.63

Financial Advisors

1 Banco J.P. Morgan do Brasil

1 Brasil Plural

3 Banco BTG Pactual

Legal Advisors

1 3 BMA – Barbosa Müssnich Aragão

1 Azevedo Sette Advogados

2 Willkie Farr & Gallagher

2 Marval O’Farrell & Mairal

2 DLA Piper US

3 TozziniFreire AdvogadosVirtual Data Room

2 Intralinks

Sectors and subsectors · Brazil

- Transactional Track Record (www.TTRecord.com)

Top Private Equity Investors

Private Equity Investors Country Deal Volume

Mubadala United Arab Emirates 1

Advent International United States 1

Centerbridge Partners United States 1

Rhône Capital United States 1

Top Venture Capital Investors

Venture Capital Investors Country Deal Volume

monashees Brazil 5

Innova Capital Brazil 2

Quona Capital United States 2

Chromo Invest Brazil 2

Vostok Emerging Finance Bermuda 2

42K Investimentos Brazil 2

e.Bricks Ventures Brazil 2

Global Founders Capital Germany 2

Canary Brazil 2

Wharton Alumni Angels United States 2

Brazil · Sectors and subsectors

85

Transactional Track Record (www.TTRecord.com) -

5

Deal Volume

HEALTHCARE, HYGIENE, MEDICAL AESTHETICS AND COSMETICS

5

10

15

20

25

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

10

20

30

40

50

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

5

10

15

20

25

30

35

40

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

5

10

15

20

25

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

5

10

15

20

25

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

2

4

6

8

10

12

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

7

8

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL155

155

0

Completed

Cancelled

TOTAL122

122

0

Completed

Cancelled

TOTAL115

115

0

Completed

Cancelled

TOTAL82

82

0

Completed

Cancelled

TOTAL56

56

56

33

0

Completed

Cancelled

Completed

Cancelled

Completed

Cancelled

TOTAL56

0

TOTAL34

1

25

Completed

Cancelled

TOTAL25

0

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1GreenLine, Hospital e Pronto Socorro Itamaraty, Hospital Salvalus, Laboratório Bio Master

Bcbf Participacoes, Hospital Renascença Private Shareholders 1,200.00

2 Rappi

Redpoint e.Ventures, Andreessen Horowitz, DST Global, Sequoia Capital, Endeavor Catalyst, FJ Labs, YCombinator, Floodgate, ONEVC, Private Shareholders

- 414.19

3 NewScan FlBRLy CPMA Private Shareholders 170.00

Financial Advisors

1 Setter Investimentos

1 Advisia Investimentos

3 L6 Capital Partners

Legal Advisors

1 Vella Pugliese Buosi e Guidoni Advogados

3 Pinheiro Neto Advogados

3 Chediak Advogados

Sectors and subsectors · Brazil

- Transactional Track Record (www.TTRecord.com)

Top Private Equity Investors

Private Equity Investors Country Deal Volume

Bozano Investimentos Brazil 4

HIG Capital United States 3

Patria Investimentos Brazil 3

Athena Saúde Holding Brazil 2

L Catterton United States 1

2bCapital Brazil 1

Adventa Capital Sri Lanka 1

Alothon Group Brazil 1

Principia Capital Partners Brazil 1

Vinci Partners Brazil 1

Top Venture Capital Investors

Venture Capital Investors Country Deal Volume

Andreessen Horowitz United States 1

FJ Labs United States 1

Floodgate United States 1

ONEVC United States 1

Redpoint e.Ventures Brazil 1

Sequoia Capital United States 1

YCombinator United States 1

Btov Partners Switzerland 1

Discovery Capital Canada 1

monashees Brazil 1

Qualcomm Ventures United States 1

Cedro Capital Brazil 1

DOMO Invest Brazil 1

Canary Brazil 1

Kick Ventures Brazil 1

Brazil · Sectors and subsectors

87

Transactional Track Record (www.TTRecord.com) -

5

Deal Volume

DISTRIBUTION AND RETAIL

5

10

15

20

25

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

10

20

30

40

50

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

5

10

15

20

25

30

35

40

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

5

10

15

20

25

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

5

10

15

20

25

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

2

4

6

8

10

12

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

7

8

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL155

155

0

Completed

Cancelled

TOTAL122

122

0

Completed

Cancelled

TOTAL115

115

0

Completed

Cancelled

TOTAL82

82

0

Completed

Cancelled

TOTAL56

56

56

33

0

Completed

Cancelled

Completed

Cancelled

Completed

Cancelled

TOTAL56

0

TOTAL34

1

25

Completed

Cancelled

TOTAL25

0

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1 Walmart Brasil Advent International Walmart 1,900.00

2 Ale Combustíveis Glencore Grupo Asamar, Darby Private Equity, Sat Participações 1,700.00

3 Catuaí Shopping Maringá, Shopping Catuaí Londrina, Londrina Norte Shopping BR Malls Private Shareholders 563.00

Financial Advisors

1 Goldman Sachs

1 Credit Suisse Group

1 Euro Latina Finance

2 J. Safra Assessoria Financeira

Legal Advisors

1 3 BMA – Barbosa Müssnich Aragão

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

1 Ropes & Gray US

1 Saiani & Saglietti Advogados

1 Skadden, Arps, Slate, Meagher & Flom US

2 Demarest Advogados

2 TozziniFreire Advogados

2 Mundie e Advogados

3 Ulhôa Canto, Rezende e Guerra - Advogados

Sectors and subsectors · Brazil

- Transactional Track Record (www.TTRecord.com)

Top Private Equity Investors

Private Equity Investors Country Deal Volume

Aqua Capital Brazil 5

Patria Investimentos Brazil 3

Axxon Group Brazil 2

Advent International United States 1

American Industrial Partners United States 1

Baraúna Investimentos Brazil 1

Cerberus Capital Management United States 1

Sierra Capital Guatemala 1

Victoria Capital Partners Brasil Brazil 1

Top Venture Capital Investors

Venture Capital Investors Country Deal Volume

FJ Labs United States 2

LightHouse Investimentos Brazil 2

Flybridge Capital Partners United States 1

French Partners France 1

Valor Capital Group United States 1

Confrapar Brazil 1

MercadoLibre Argentina 1

Qualcomm Ventures United States 1

Hummingbird Belgium 1

Lumia Capital United States 1

Rise Capital United States 1

Valiant Capital Management United States 1

Pedralbes Partners Mexico 1

Wharton Alumni Angels United States 1

Redpoint e.Ventures Brazil 1

Bossa Nova Investimentos Brazil 1

Dynamo United States 1

Indicator Capital Brazil 1

NXTP Labs Argentina 1

Brazil · Sectors and subsectors

89

Transactional Track Record (www.TTRecord.com) -

5

Deal Volume

CONSULTANCY, AUDIT AND ENGINEERING

5

10

15

20

25

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

10

20

30

40

50

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

5

10

15

20

25

30

35

40

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

5

10

15

20

25

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

5

10

15

20

25

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

2

4

6

8

10

12

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

7

8

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL155

155

0

Completed

Cancelled

TOTAL122

122

0

Completed

Cancelled

TOTAL115

115

0

Completed

Cancelled

TOTAL82

82

0

Completed

Cancelled

TOTAL56

56

56

33

0

Completed

Cancelled

Completed

Cancelled

Completed

Cancelled

TOTAL56

0

TOTAL34

1

25

Completed

Cancelled

TOTAL25

0

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1 Embraco Nidec Corporation Whirlpool Brasil 4,394.53

2 RCB Investimentos Banco Bradesco Pra Group Brazil Investimentos e Participações 224.00

3 Ualá

Soros Fund Management, Ribbit Capital, monashees, Jefferies & Company, Point72 Ventures, Goldman Sachs Investment Partners

- 132.78

Financial Advisors

2 Banco Bradesco BBI

Legal Advisors

1 Machado, Meyer, Sendacz e Opice Advogados

1 Sidley Austin US

1 Linklaters UK

1 Cleary Gottlieb Steen & Hamilton US

1 Cescon, Barrieu Flesch & Barreto Advogados

1 Pinheiro Neto Advogados

2 Demarest Advogados

2 Veirano Advogados

3 Gibson, Dunn & Crutcher

3 Baker McKenzie Argentina

3 Hughes Hubbard & Reed

3 Marval O’Farrell & Mairal

Public Relations

1 Llorente & Cuenca

Sectors and subsectors · Brazil

- Transactional Track Record (www.TTRecord.com)

Top Private Equity Investors

Private Equity Investors Country Deal Volume

FRAM Capital DTVM Brazil 1

Grupo Garantia Brazil 1

HIG Capital United States 1

Top Venture Capital Investors

Venture Capital Investors Country Deal Volume

monashees Brazil 3

Canary Brazil 2

Goldman Sachs United States 1

Point72 Ventures United States 1

Ribbit Capital United States 1

Flybridge Capital Partners United States 1

French Partners France 1

Valor Capital Group United States 1

Redpoint Ventures United States 1

MercadoLibre Argentina 1

FIR Capital Bzplan Gestão de Investimentos Brazil 1

RBS Comunicações Brazil 1

HBSAAB - Harvard Business School Alumni Angels of Brazil Brazil 1

Insper Angels Brazil 1

Brazil · Sectors and subsectors

91

Transactional Track Record (www.TTRecord.com) -

5

Deal Volume

TRANSPORT, AVIATION AND LOGISTICS

5

10

15

20

25

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

10

20

30

40

50

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

5

10

15

20

25

30

35

40

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

5

10

15

20

25

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

5

10

15

20

25

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

2

4

6

8

10

12

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

7

8

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL155

155

0

Completed

Cancelled

TOTAL122

122

0

Completed

Cancelled

TOTAL115

115

0

Completed

Cancelled

TOTAL82

82

0

Completed

Cancelled

TOTAL56

56

56

33

0

Completed

Cancelled

Completed

Cancelled

Completed

Cancelled

TOTAL56

0

TOTAL34

1

25

Completed

Cancelled

TOTAL25

0

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1Petrobras Paraguay Distribución, Petrobras Paraguay Operaciones y Logística, Petrobras Paraguay Gas

Corporación Paraguaya Distribuidora de Derivados del Petróleo

Petrobras International Braspetro 1,473.56

2 Eig Llx Holdings, Prumo Logística Mubadala - 773.57

3 Azul Linhas Aéreas Calfinco Hainan Airlines 531.84

Financial Advisors

1 Banco Itaú BBA

1 BR Partners

3 Raymond James

Legal Advisors

1 Vouga Abogados

1 Peroni Sosa Tellechea Burt & Narvaja Abogados

1 Baker Botts

2 Stocche Forbes Advogados

2 Akin Gump Strauss Hauer & Feld

2 Arendt & Medernacht

2 Shearman & Sterling

2 Allen & Overy Luxembourg

2 Milbank, Tweed, Hadley & McCloy US

3 TozziniFreire Advogados

3 Sidley Austin US

3 ASBZ Advogados

Sectors and subsectors · Brazil

- Transactional Track Record (www.TTRecord.com)

Top Private Equity Investors

Private Equity Investors Country Deal Volume

Mubadala United Arab Emirates 1

Ardian France 1

Top Venture Capital Investors

Venture Capital Investors Country Deal Volume

FJ Labs United States 2

MercadoLibre Argentina 1

monashees Brazil 1

Performa Investimentos Brazil 1

Qualcomm Ventures United States 1

Tekton Ventures United States 1

UPS Strategic Enterprise Fund United States 1

Dynamo United States 1

Sinai Ventures United States 1

Soma Capital United States 1

VARIV Capital Mexico 1

YCombinator United States 1

Confrapar Brazil 1

Travel Capitalist Ventures United Arab Emirates 1

DOMO Invest Brazil 1

Brazil · Sectors and subsectors

93

Transactional Track Record (www.TTRecord.com) -

5

Deal Volume

EDUCATION

5

10

15

20

25

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

10

20

30

40

50

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

5

10

15

20

25

30

35

40

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

5

10

15

20

25

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

5

10

15

20

25

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

2

4

6

8

10

12

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

7

8

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL155

155

0

Completed

Cancelled

TOTAL122

122

0

Completed

Cancelled

TOTAL115

115

0

Completed

Cancelled

TOTAL82

82

0

Completed

Cancelled

TOTAL56

56

56

33

0

Completed

Cancelled

Completed

Cancelled

Completed

Cancelled

TOTAL56

0

TOTAL34

1

25

Completed

Cancelled

TOTAL25

0

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1 Somos Educação Saber Serviços Educacionais Tarpon Gestora de Recursos 4,116.54

2

Centro Universitário Luterano de Ji-Paraná, Centro Universitário Luterano de Manaus, Centro Universitário Luterano de Santarém, Centro Universitário Luterano de Palmas, Instituto Luterano de Ensino Superior de Itumbiara, Instituto Luterano de Ensino Superior de Porto Velho

Glory Top Associação Educacional Luterana do Brasil - AELBRA 600.00

3 Uniasselvi Neuberger Berman Carlyle, Vinci Capital 380.00

Financial Advisors

1 2 Riza Capital

1 Banco Itaú BBA

1 Banco BTG Pactual

3 Vinci Partners Assessoria Financeira

3 Banco Bradesco BBI

Legal Advisors

1 3 Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados

1 BMA – Barbosa Müssnich Aragão

1 Machado, Meyer, Sendacz e Opice Advogados

3 Levy & Salomão Advogados

3 Haynes Boone US

Due Diligence

1 Banco BTG Pactual

Valuation Report

1 Merrill Lynch Brasil

Sectors and subsectors · Brazil

- Transactional Track Record (www.TTRecord.com)

Top Private Equity Investors

Private Equity Investors Country Deal Volume

Bozano Investimentos Brazil 2

Neuberger Berman United States 1

LGT Impact Switzerland 1

Lightstone Fund Brazil 1

HIG Capital United States 1

Top Venture Capital Investors

Venture Capital Investors Country Deal Volume

Cedro Capital Brazil 2

Omidyar Network United States 2

Amadeus Capital Partners United Kingdom 1

Invus Opportunities United States 1

The Social+Capital Partnership United States 1

Valor Capital Group United States 1

DOMO Invest Brazil 1

Canary Brazil 1

Garan Ventures Brazil 1

Brazil · Sectors and subsectors

95

Transactional Track Record (www.TTRecord.com) -

5

Deal Volume

FOOD AND BEVERAGE

5

10

15

20

25

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

10

20

30

40

50

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

5

10

15

20

25

30

35

40

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

5

10

15

20

25

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

5

10

15

20

25

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

2

4

6

8

10

12

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

7

8

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL155

155

0

Completed

Cancelled

TOTAL122

122

0

Completed

Cancelled

TOTAL115

115

0

Completed

Cancelled

TOTAL82

82

0

Completed

Cancelled

TOTAL56

56

56

33

0

Completed

Cancelled

Completed

Cancelled

Completed

Cancelled

TOTAL56

0

TOTAL34

1

25

Completed

Cancelled

TOTAL25

0

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1 Starbucks Brasil SouthRock Capital Starbucks 164.76

2 Alnutri Alimentos DGH Participações Private Shareholders 135.00

3 Calchaquí BOGS BRF 84.27

Financial Advisors1 Banco ABC Brasil

1 RGS Partners

Legal Advisors1 Madrona Advogados

1 Trench, Rossi e Watanabe Advogados

3 Mitrani, Caballero & Ruiz Moreno Abogados

3 MHR Abogados

Top Private Equity Investors

Private Equity Investors Country Deal Volume

SouthRock Capital Brazil 2

Stratus Brazil 1

Bozano Investimentos Brazil 1

Patria Investimentos Brazil 1

Top Venture Capital Investors

Venture Capital Investors Country Deal Volume

Superjobs Ventures Brazil 1

Sectors and subsectors · Brazil

- Transactional Track Record (www.TTRecord.com)

Deal Volume

MARKETING AND ADVERTISING

5

10

15

20

25

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

10

20

30

40

50

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

5

10

15

20

25

30

35

40

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

5

10

15

20

25

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

5

10

15

20

25

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

2

4

6

8

10

12

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

7

8

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL155

155

0

Completed

Cancelled

TOTAL122

122

0

Completed

Cancelled

TOTAL115

115

0

Completed

Cancelled

TOTAL82

82

0

Completed

Cancelled

TOTAL56

56

56

33

0

Completed

Cancelled

Completed

Cancelled

Completed

Cancelled

TOTAL56

0

TOTAL34

1

25

Completed

Cancelled

TOTAL25

0

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1 Decora CreativeDrive Private Shareholders 324.38

2 Uranet Projetos e Sistemas Konecta Brazil Outsourcing Private Shareholders 170.00

3 Agrofy SP Ventures, Endeavor Catalyst, Cresud, Syngenta Ventures, Bunge Ventures - 19.49

Financial Advisors

1 IGC Partners

2 Deloitte Spain

2 Santander Global Corporate Banking Spain

Legal Advisors

1 TozziniFreire Advogados

1Gutter Chaves Josepher Rubin Forman Fleisher Miller PA

1 Kaufman Rossin

1 BMA – Barbosa Müssnich Aragão

1 Hirschler Fleischer

2 Uría Menéndez Spain

2 Pinheiro Neto Advogados

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

Brazil · Sectors and subsectors

97

Transactional Track Record (www.TTRecord.com) -

5

Top Venture Capital Investors

Venture Capital Investors Country Deal Volume

Bunge United States 1

SP Ventures Brazil 1

Syngenta Switzerland 1

Confrapar Brazil 1

Astella Investimentos Brazil 1

Cventures Brazil 1

Bossa Nova Investimentos Brazil 1

Cedro Capital Brazil 1

Sectors and subsectors · Brazil

- Transactional Track Record (www.TTRecord.com)

TECHNOLOGY AND TELECOMS

TRANSACTION VOLUME BY SUBSECTOR

Biotechnology

Telecoms

Electronics

Internet

Technology 243

63

20

12

6

Deal Volume

Brazil · Sectors and subsectors

99

Transactional Track Record (www.TTRecord.com) -

5

Deal Volume

TECHNOLOGY

5

10

15

20

25

30

35

40

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

20

40

60

80

100

120

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

7

8

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL63

63

0

Completed

Cancelled

TOTAL245

243

2

Completed

Cancelled

TOTAL20

20

0

Completed

Cancelled

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1 Ascenty Stellar Participações Great Hill Partners 7,783.22

2 Loggi Technology SoftBank Vision Fund - 1,634.63

3 Getnet Banco Santander Brasil Manzat Inversiones, Private Shareholders 1,431.63

Financial Advisors

1 Bank of America Merrill Lynch

1 DH Capital

1 Banco Itaú BBA

3 Banco BTG Pactual

Legal Advisors

1 Demarest Advogados

1 Latham & Watkins

1 2 Pinheiro Neto Advogados

1 Choate Hall & Stewart

2 Maples and Calder

2 Cooley

3 TozziniFreire Advogados

3 BMA – Barbosa Müssnich Aragão

Sectors and subsectors · Brazil

- Transactional Track Record (www.TTRecord.com)

Top Private Equity Investors

Private Equity Investors Country Deal Volume

Adams Street Partners United States 1

CPP - Canada Pension Plan Canada 1

Axxon Group Brazil 1

Top Venture Capital Investors

Venture Capital Investors Country Deal Volume

monashees Brazil 7

Cedro Capital Brazil 7

Canary Brazil 6

Wayra Spain 5

Inseed Investimentos Brazil 4

Fundo Criatec Brazil 4

DOMO Invest Brazil 4

Redpoint Ventures United States 2

Omidyar Network United States 2

Astella Investimentos Brazil 2

Vostok Emerging Finance Bermuda 2

Confrapar Brazil 2

SP Ventures Brazil 2

Redpoint e.Ventures Brazil 2

BZPlan Brazil 2

a.b.Seed Brazil 2

Cventures Brazil 2

Bozano Investimentos Brazil 2

Bossa Nova Investimentos Brazil 2

LightHouse Investimentos Brazil 2

Brazil · Sectors and subsectors

101

Transactional Track Record (www.TTRecord.com) -

5

Deal Volume

INTERNET

5

10

15

20

25

30

35

40

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

20

40

60

80

100

120

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

7

8

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL63

63

0

Completed

Cancelled

TOTAL245

243

2

Completed

Cancelled

TOTAL20

20

0

Completed

Cancelled

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1 99Taxis Didi ChuxingRiverwood Capital, monashees, Qualcomm Ventures, Tiger Global Management, SoftBank

1,954.00

2 iFood Movile, Naspers, Innova Capital, Movile Mobile Commerce Holdings - 1,904.40

3 Rappi

Redpoint e.Ventures, Andreessen Horowitz, DST Global, Sequoia Capital, Endeavor Catalyst, FJ Labs, YCombinator, Floodgate, ONEVC, Private Shareholders

- 414.19

Financial Advisors

1 Lazard

Legal Advisors

1 Ulhôa Canto, Rezende e Guerra - Advogados

1 Gunderson Dettmer

1 BMA – Barbosa Müssnich Aragão

Sectors and subsectors · Brazil

- Transactional Track Record (www.TTRecord.com)

Top Private Equity Investors

Private Equity Investors Country Deal Volume

2bCapital Brazil 1

GGV Capital United States 1

HIG Capital United States 1

InovaBra Brazil 1

Top Venture Capital Investors

Venture Capital Investors Country Deal Volume

FJ Labs United States 5

monashees Brazil 5

Qualcomm Ventures United States 3

Innova Capital Brazil 2

YCombinator United States 2

Andreessen Horowitz United States 2

Redpoint e.Ventures Brazil 2

Kaszek Ventures Argentina 2

Valor Capital Group United States 2

MercadoLibre Argentina 2

Canary Brazil 2

Dynamo United States 2

e.Bricks Ventures Brazil 2

Global Founders Capital Germany 2

Wharton Alumni Angels United States 2

Brazil · Sectors and subsectors

103

Transactional Track Record (www.TTRecord.com) -

5

Deal Volume

ELECTRONICS

5

10

15

20

25

30

35

40

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

20

40

60

80

100

120

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

1

2

3

4

5

6

7

8

Brazilianacquisitionsabroad

Foreignacquisitionsin Brazil

VentureCapital

PrivateEquity

TOTAL63

63

0

Completed

Cancelled

TOTAL245

243

2

Completed

Cancelled

TOTAL20

20

0

Completed

Cancelled

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

>BRL 500m

BRL 100m/BRL 500m

BRL 50m/BRL 100m

BRL 10m/BRL 50m

BRL 1m/BRL 10m

≤BRL 1m

Largest transactions

Target Buyer Seller Value (BRLm)

1Toshiba Infraestrutura America Do Sul, Toshiba America do Sul - Minas Gerais, Toshiba America do Sul - Curitiba

TSEA Participações Toshiba 53.16

2 Accept Positivo Informática da Bahia Private Shareholders 51.00

3 Velsis Sistemas e Tecnologia Viaria Fema 2 Investimentos e Participações - 50.00

Financial Advisors

1 Deloitte Brasil

Legal Advisors

1Landi, Rodrigues, Nakano e Giovannetti Advogados

1 Trench, Rossi e Watanabe Advogados

2 Veirano Advogados

2 Emerenciano, Baggio e Associados - Advogados

3 Perlman, Vidigal e Godoy Advogados

3 Vernalha, Di Lascio, Mesquita & Associados

Sectors and subsectors · Brazil

- Transactional Track Record (www.TTRecord.com)

Top Private Equity Investors

Private Equity Investors Country Deal Volume

FRAM Capital DTVM Brazil 1

American Industrial Partners United States 1

Cerberus Capital Management United States 1

Top Venture Capital Investors

Venture Capital Investors Country Deal Volume

monashees Brazil 1

Qualcomm Ventures United States 1

Bozano Investimentos Brazil 1

Fundo Criatec Brazil 1

Brazil · Sectors and subsectors

105

Transactional Track Record (www.TTRecord.com) -

5

ADVISORS - FINANCIAL - LEGAL6

Financial Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

FINANCIAL ADVISORS

MOST ACTIVE ADVISORS IN 2018

A Alvarez & Marsal

Ártica Investimentos

Astoria Capital Partners

B Banco ABC Brasil

Banco Bradesco BBI

Banco BTG Pactual

Banco Itaú BBA

Banco Santander

Bateleur

BR Partners

C Credit Suisse Group

D Deloitte Brasil

E EY Brazil

F FC Partners

I IGC Partners

Integris Consultoria

J JK Capital

JMB Advisors

L Lazard

M Magma

Morgan Stanley

O Olimpia Partners

P PwC Brasil

R RGS Partners

Riza Capital

S Setter Investimentos

T Target Advisor

V Vinci Partners

*Awards Legend

TTR Deal of the Month · TTR Deal of the Quarter

Brazil · Financial Advisors

109

Transactional Track Record (www.TTRecord.com) -

6

ALVAREZ & MARSAL

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1Viver Incorporadora e Construtora

Brazil Construction (Materials and Machinery)

Jive Asset Management

Kirton Bank 420.00 -

2 PP Promotora de Vendas Brazil Financial and

Insurance; Internet

Astella Journey III, Innova Global Tech FIP, Private Shareholders

- 22.00 -

3 Linde Gases, Linde BOC Gases Brazil

Chemical and Chemical Materials; Pharmaceutical, Parapharmaceutical and Cosmetics

Messer Group, CVC Capital Partners (Global)

Linde Group - -

No. of deals advised* 3 Aggregated Value (BRLm) 442.00

ÁRTICA INVESTIMENTOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Metasa BrazilSteel, Metallurgy and Industrial Production

Private Shareholders, Par Participações, Lidia Participações, Roso Participações, Constante Participações

Codeme - -

2

Martins & Godoy Medicina Diagnóstica, Clinica Radiológica Martins e Godoy

Brazil

Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Clínica São Marcos Private Shareholders - -

3 Laborfase Padrão Brazil

Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Laboratório São Marcos

Private Shareholders - -

No. of deals advised* 6 Aggregated Value (BRLm) -

Dealmakers

1 2 3 Diego Batista

Financial Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

ASTORIA CAPITAL PARTNERS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Indústria Vidreira do Nordeste Brazil

Glass, Ceramic, Paper, Plastics, Wood and Timber

VidroportoVerallia, Ipiaram - Empreendimentos e Participações

170.00 -

2 100% Pet Brazil Distribution and Retail Petland Brasil Private

Shareholders - -

3 Cluster2Go Brazil Telecoms Locaweb Private Shareholders - -

No. of deals advised* 3 Aggregated Value (BRLm) 170,00

BANCO ABC BRASIL

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Sao Pedro Transmissora De Energia Brazil Electric

Energy Taesa Âmbar Energia, FIP Milão 942.53 -

2

Rei dos Ventos 3 Geradora de Energia, Brasventos Eolo Geradora de Energia, Brasventos Miassaba 3 Geradora de Energia

Brazil Wind Energy

J Malucelli Gerenciadora de Projetos e Análise de Risco

Eletrobras 171.30 -

3 Starbucks Brasil Brazil Food and Beverage

SouthRock Capital Starbucks 164.76 -

No. of deals advised* 7 Aggregated Value (BRLm) 1,278.59

BANCO BRADESCO BBI

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Fibria Celulose BrazilForestry; Glass, Ceramic, Paper, Plastics, Wood and Timber

Suzano Papel e Celulose

Votorantim, BNDESPar 36,700.00

2 Keystone Foods

United States Food Industry Tyson Foods

McKey Luxembourg Holdings, MFG (USA) Holdings

5,419.58 -

3National Beef Packing Company

United States Food Industry NBM US

HoldingsLeucadia, Private Shareholders 3,707.95 -

No. of deals advised* 18 Aggregated Value (BRLm) 58,109.84

Brazil · Financial Advisors

111

Transactional Track Record (www.TTRecord.com) -

6

BANCO BTG PACTUAL

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Somos Educação Brazil Education Saber Serviços

EducacionaisTarpon Gestora de Recursos 4,116.54

2 New Steel Brazil Steel, Metallurgy and Industrial Production

Vale - Companhia Vale do Rio Doce

Hankoe FIP 1,879.81

3 Getnet Brazil Technology; Financial and Insurance

Banco Santander Brasil

Manzat Inversiones, Private Shareholders 1,431.63

No. of deals advised* 31 Aggregated Value (BRLm) 19,803.20

BANCO ITAÚ BBA

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Ascenty Brazil Telecoms; Technology

Stellar Participações Great Hill Partners 7,783.22 -

2 Fibria Celulose BrazilGlass, Ceramic, Paper, Plastics, Wood and Timber

Suzano Papel e Celulose

Votorantim, BNDESPar 36,700.00

3 Somos Educação Brazil Education Saber Serviços Educacionais

Tarpon Gestora de Recursos 4,116.54

No. of deals advised* 36 Aggregated Value (BRLm) 63,125.47

BANCO SANTANDER

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 CESP Brazil Electric Energy

VTRM Energia, SF Ninety Two Participações Societárias

Governo de São Paulo, Companhia do Metropolitano de São Paulo - Metrô, Dersa Desenvolvimento Rodoviario, SABESP, Departamento de Águas e Energia Elétrica - DAEE, Companhia Paulista De Parcerias - Cpp

1,721.43 -

2 Iguá Saneamento, FIP Iguá Brazil Water and

Sanitation AIMCo IG4 Capital 400.00 -

3 Uranet Projetos e Sistemas Brazil Technology Konecta Brazil

Outsourcing Private Shareholders 170.00 -

No. of deals advised* 8 Aggregated Value (BRLm) 6,394.33

Financial Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

BATELEUR

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Promob Brazil Internet 2020 Private Shareholders - -

2Censi Empreendimentos, Fisa Incoporadora

Brazil Real Estate - - - -

3 Rodoil Brazil Transport, Aviation and Logistics Vitol Holding Private

Shareholders -

No. of deals advised* 5 Aggregated Value (BRLm) -

Dealmakers

1 2 3 Marcelo Sanvitto 1 3 Andreas Stampe

1 2 3 Fernando Andre Marchet 2 Arnaldo Prieto

BR PARTNERS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1

Petrobras Paraguay Distribución, Petrobras Paraguay Operaciones y Logística, Petrobras Paraguay Gas

United Kingdom, Paraguay

Oil and Gas; Transport, Aviation and Logistics

Corporación Paraguaya Distribuidora de Derivados del Petróleo

Petrobras International Braspetro

1,473.56 -

2 Ciplan BrazilSteel, Metallurgy and Industrial Production

Vicat Group Private Shareholders 1,265.17 -

3 Neon Pagamentos BrazilTechnology; Financial and Insurance

Propel Venture Partners, monashees, Mabi Investments, Quona Capital, Omidyar Network, Tera Capital, Yellow Ventures

- 72.00 -

No. of deals advised* 9 Aggregated Value (BRLm) 2,810.72

Brazil · Financial Advisors

113

Transactional Track Record (www.TTRecord.com) -

6

CREDIT SUISSE GROUP

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Walmart Brasil Brazil Distribution and Retail

Advent International (Global)

Walmart 1,900.00 -

2 Intesa Brazil Electric Energy

Equatorial Energia Eletrobras 280.00 -

3

Pedra Branca, Eolica Sao Pedro Do Lago, Sete Gameleiras, Baraunas i Energetica, Mussambe Energetica, Morro Branco i Energetica

Brazil Electric Energy

Brennand Energia Eletrobras 250.00 -

No. of deals advised* 12 Aggregated Value (BRLm) 3,085.90

DELOITTE BRASIL

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Santista, Santista Argentina

Brazil, Argentina

Fashion and Textile; Distribution and Retail

Siete Leguas Mover Participações 136.65 -

2 Cimento Vencemos do Amazonas Brazil

Chemical and Chemical Materials

Votorantim Cimentos N/NE

Cemex Latam Holdings, Corporación Cementera Latinoamericana

119.62 -

3

Toshiba Infraestrutura America Do Sul, Toshiba America do Sul - Minas Gerais, Toshiba America do Sul - Curitiba

Brazil Electronics TSEA Participações Toshiba 53.16 -

No. of deals advised* 8 Aggregated Value (BRLm) 322.31

Dealmakers

1 2 3 Reinaldo Grasson De Oliveira

Financial Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

EY BRASIL

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1Grupo Montesanto Tavares

BrazilAgriculture, Agribusiness, Farming and Fishing

PSP Investments

Private Shareholders 296.05 -

2Votorantim Warehouse, Votorantim Terminal

Belgium Transport, Aviation and Logistics

Pantank Holding

Votorantim, Private Shareholders 59.94 -

3 Rock In Rio Brazil Event Production and Management

Live Nation Entertainment

Private Shareholders , SFX Entertainment

- -

No. of deals advised* 3 Aggregated Value (BRLm) 355.99

Dealmakers

2 Viktor Andrade

FC PARTNERS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Intergado BrazilTechnology; Agriculture, Agribusiness, Farming and Fishing

FIP Criatec III - 10.00 -

2 Escola em Movimento Brazil Technology; Education Cedro Capital - 2.00 -

3 Strategy Manager Brazil Technology Siteware Private

Shareholders - -

No. of deals advised* 4 Aggregated Value

(BRLm) 12.00

Dealmakers

1 Ricardo Silva

Brazil · Financial Advisors

115

Transactional Track Record (www.TTRecord.com) -

6

IGC PARTNERS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Decora Brazil Technology; Marketing and Advertising CreativeDrive Private

Shareholders 324.38 -

2Fortgreen Comercial Agricola

BrazilAgriculture, Agribusiness, Farming and Fishing

Bernardino Tropical Participações

Private Shareholders 179.00 -

3 Femme Laboratório Brazil

Healthcare, Hygiene, Medical Aesthetics and Cosmetics

CMN Solutions A041 Participações

Private Shareholders, CG I FIP

160.00 -

No. of deals advised* 13 Aggregated Value

(BRLm) 728.38

Dealmakers

1 André Pereira

1 Priscila Pacheco

INTEGRIS CONSULTORIA

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1

Acesso Participações, Acesso Representações Comerciais, Curso Acesso Pré Vestibular, Colegio Apogeu, Espaço Evidência Sociedade Educacional, Gynásio Pinhais Educação

Brazil Education Inspira Sul Participações

Private Shareholders 25.50 -

2 Colegio Top Gun, Colegio São José Brazil Education Inspira Sul

ParticipaçõesPrivate Shareholders - -

3 Escola Dominius Brazil Education Inspira Sul Participações

Private Shareholders - -

No. of deals advised* 4 Aggregated Value (BRLm) 25.50

Financial Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

JK CAPITAL

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1Fujisan Centro de Hemoterapia e Hematologia do Ceará

BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics

H Hemo Private Shareholders - -

2 Centro Educacional Leonardo da Vinci Brazil Education Kroton

EducacionalPrivate Shareholders - -

3 Vivace Residencial para Idosos Brazil

Healthcare, Hygiene, Medical Aesthetics and Cosmetics

SIS EHPAD Brasil

Private Shareholders - -

No. of deals advised* 10 Aggregated Value (BRLm) ND

Dealmakers

1 3 Luís Alberto Mazzarella Martins

2 Saulo Sturaro

JMB ADVISORS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Venco Saúde Animal BrazilPharmaceutical, Parapharmaceutical and Cosmetics

Dechra Private Shareholders 185.00 -

2 Ricolog Brazil Transport, Aviation and Logistics

Glencore Sugar

Private Shareholders - -

3 Cemitério e Crematório Parque das Allamandas Brazil Other Services CARE11 Private

Shareholders - -

No. of deals advised* 3 Aggregated Value (BRLm) 185.00

Dealmakers

1 2 3 Evandro Bazan de Carvalho Junior

Brazil · Financial Advisors

117

Transactional Track Record (www.TTRecord.com) -

6

LAZARD

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 99Taxis Brazil Internet Didi ChuxingRiverwood Capital, monashees, Qualcomm Ventures, Tiger Global Management, SoftBank

1,954.00

2 Reliance BrazilConsultancy, Audit and Engineering

Julius Baer Private Shareholders - -

3 Forno de Minas Brazil Food

IndustryMcCain do Brasil Alimentos

Mercatto Alimentos FIP, Private Shareholders - -

No. of deals advised* 3 Aggregated Value (BRLm) 1,954.00

MAGMA

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Trevo Alimentos Brazil Food Industry; Distribution and Retail Ehrmann Private

Shareholders 200.00 -

2 Sleep House Brazil Distribution and Retail Pikolin Brasil Comércio

Private Shareholders - -

3 Lactojara Laticínios Brazil Food Industry;

Distribution and RetailLeprino Foods

Private Shareholders - -

No. of deals advised* 3 Aggregated Value (BRLm) 200.00

Dealmakers

2 3 Leandro Mantesso

MORGAN STANLEY

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Fibria Celulose BrazilGlass, Ceramic, Paper, Plastics, Wood and Timber

Suzano Papel e Celulose

Votorantim, BNDESPar 36,700.00

2 National Beef Packing Company

United States Food Industry NBM US

HoldingsLeucadia, Private Shareholders 3,707.95 -

3 Lwarcel BrazilGlass, Ceramic, Paper, Plastics, Wood and Timber

RGE - Royal Golden Eagle Grupo Lwart - -

No. of deals advised* 3 Aggregated Value (BRLm) 40,407.95

Financial Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

OLIMPIA PARTNERS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Eliane Brazil Construction (Materials and Machinery)

Mohawk Industries

FIP Kinea Private Equity II, MG5 937.24

2 Heatcraft do Brasil Brazil Steel, Metallurgy and

Industrial Production Elgin Lennox Global, Heatcraft - -

3 Lwarcel Brazil Glass, Ceramic, Paper, Plastics, Wood and Timber

RGE - Royal Golden Eagle Grupo Lwart - -

No. of deals advised* 3 Aggregated Value (BRLm) 937.24

Dealmakers

2 3 Richard Rainer

2 Irajá Guimarães

PWC BRASIL

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Vitória Apart Hospital BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics

Athena Saúde Holding

Private Shareholders - -

2Instituto de Nefrologia de Mogi das Cruzes, Instituto de Nefrologia de Suzano

BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics

Diaverum do Brasil

Private Shareholders - -

3 Nefroclinica BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics

Diaverum do Brasil

Private Shareholders - -

No. of deals advised* 3 Aggregated Value (BRLm) -

Dealmakers

1 Márcio Vieira

2 3 Humberto Tognelli

Brazil · Financial Advisors

119

Transactional Track Record (www.TTRecord.com) -

6

RGS PARTNERS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Starbucks Brasil Brazil Food and

BeverageSouthRock Capital Starbucks 164.76 -

2 Prumo Logística Brazil

Transport, Aviation and Logistics

Eig Llx Holdings

Private Shareholders , Banco Itaú Unibanco, 9 West Finance

452.20 -

3 Verescence Brasil Vidros Brazil

Glass, Ceramic, Paper, Plastics, Wood and Timber

Wheaton Brasil Vidros

Verescence Luxembourg Holdings - -

No. of deals advised* 6 Aggregated Value (BRLm) 616.96

Dealmakers

2 Daniel Faccio 2 3 Guilherme Stuart

2 Firmino Freitas 2 Hugo Cotta Pacheco

2 Renato Stuart

RIZA CAPITAL

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Fibria Celulose BrazilGlass, Ceramic, Paper, Plastics, Wood and Timber

Suzano Papel e Celulose

Votorantim, BNDESPar 36,700.00

2 Somos Educação Brazil Education Saber Serviços Educacionais

Tarpon Gestora de Recursos 4,116.54

3

Centro Universitário Luterano de Ji-Paraná, Centro Universitário Luterano de Manaus, Centro Universitário Luterano de Santarém, Centro Universitário Luterano de Palmas, Instituto Luterano de Ensino Superior de Itumbiara, Instituto Luterano de Ensino Superior de Porto Velho

Brazil Education Glory Top

Associação Educacional Luterana do Brasil - AELBRA

600.00 -

No. of deals advised* 3 Aggregated Value (BRLm) 41,416.54

Dealmakers

1 Marco Gonçalves

Financial Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

SETTER INVESTIMENTOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1

GreenLine, Hospital e Pronto Socorro Itamaraty, Hospital Salvalus, Laboratório Bio Master

BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics

Bcbf Participacoes, Hospital Renascença

Private Shareholders 1,200.00 -

2 Laboratório Biovet BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics

Vaxxinova

Private Shareholders, Setter Investimentos

- -

3 Mediação Online Brazil Consultancy, Audit and Engineering

Private Shareholders - - -

No. of deals advised* 9 Aggregated Value (BRLm) 1,200.00

TARGET ADVISOR

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Colegio do Salvador Brazil Education Somos

EducaçãoPrivate Shareholders 61.70 -

2 iMedicina BrazilTechnology; Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Cedro Capital - 9.37 -

3 e-Mídia Brazil Internet; Media, Multimedia and Editorial

Carrefour Brasil

Private Shareholders - -

No. of deals advised* 3 Aggregated Value (BRLm) 71.07

Dealmakers

1 2 3 Douglas Carvalho Junior

Brazil · Financial Advisors

121

Transactional Track Record (www.TTRecord.com) -

6

VINCI PARTNERS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Piraquê Brazil Food Industry M. Dias Branco Private Shareholders 1,550.00

2 Uniasselvi Brazil Education Neuberger Berman

Carlyle (Global), Vinci Capital 380.00 -

3 Domino Brazil Tourism, Hotels and Restaurants

Vinci Capital Partners III FIP

Bramex Comércio e Serviços 300.00 -

No. of deals advised* 15 Aggregated Value (BRLm) 2,270.00

Dealmakers

1 2 3 Felipe Bittencourt

Legal Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

LEGAL ADVISORS

MOST ACTIVE ADVISORS IN 2018

A Aires Vigo Advogados

Almeida Advogados

Andrade, Lacaz & Vasconcelos Advogados

Araujo e Fontes Advogados

ASBZ Advogados

Azevedo Sette Advogados

B Baptista Luz Advogados

Benício Advogados

BMA - Barbosa Müssnich Aragão

Botelho Advogados

C Campos Mello Advogados

Candido Martins Advogados

Cascione, Pulino, Boulos & Santos Advogados

Cescon, Barrieu Flesch & Barreto Advogados

Chaves, Gelman, Machado, Gilberto e Barboza Advogados

Chediak Advogados

Coelho & Dalle Advogados

Coimbra & Chaves Advogados

Couto Silva Advogados

Coutinho, Lacerda, Rocha, Diniz & Advogados Associados

D De Faro Caraciolo

Demarest Advogados

Derraik & Menezes Advogados

Dias Carneiro Advogados

F Felsberg Advogados

Ferrara Garcia Advogados

Fialho Salles Advogados

Focaccia Amaral Salvia Pellon e Lamonica Advogados

Freitas Ferraz Capuruço Braichi Riccio Advogados

FreitasLeite Advogados

G Galdino & Coelho Advogados

GVM | Guimarães & Vieira de Mello Advogados

H Halembeck Barros Advogados Associados

Hapner Kroetz Advogados

HCO Advogados

K KLA Advogados

L Landi, Rodrigues, Nakano e Giovannetti Advogados

Lefosse Advogados

Leite, Roston | Chaves, Saciotto e Burr Advogados

Lobo de Rizzo Advogados

M Machado, Meyer, Sendacz e Opice Advogados

Madrona Advogados

Manassero e Campello Advogados

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

MNA - Miguel Neto Advogados

Mundie e Advogados

N Naufal & Silva Advogados Associados

P Pereira dos Santos, Quadros & Advogados

Perlman, Vidigal e Godoy Advogados

Pinheiro Guimarães

Pinheiro Neto Advogados

PMKA Advogados

S Salusse Marangoni Advogados

Souto, Correa, Cesa, Lummertz & Amaral Advogados

Stocche Forbes Advogados

T Tasso Pereira & Salvador Advogados Associados

Tauil & Chequer Advogados Associado a Mayer Brown

TozziniFreire Advogados

Trench, Rossi e Watanabe Advogados

U Ulhôa Canto, Rezende e Guerra - Advogados

V Veirano Advogados

Vella Pugliese Buosi e Guidoni Advogados

Velloza Advogados

Vernalha, Di Lascio, Mesquita & Associados

Vieira Rezende Advogados

Vilas Boas, Lopes e Frattari Advogados

*Awards Legend

TTR Deal of the Month · TTR Deal of the Quarter

Brazil · Legal Advisors

123

Transactional Track Record (www.TTRecord.com) -

6

AIRES VIGO ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Colégio de A a Z Brazil Education Grupo SEB Private Shareholders 50.00 -

2 Colégio Visão Brazil Education Grupo SEB Private Shareholders 30.00 -

3 Pontue Brazil Education; Internet Sevna Startups - - -

No. of deals advised* 5 Aggretared Value (BRLm) 80.00

Partners

1 2 3 Winicius Borini Rodrigues

2 3 Rodrigo Ferreira Vigo

ALMEIDA ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Atlântica Sementes Brazil

Agriculture, Agribusiness, Farming and Fishing

Nufarm Indústria Química e Farmacêutica

Private Shareholders, Beata Holdings 18.88 -

2Fidelity Information Services Brasil Participações

Brazil

Financial and Insurance; Consultancy, Audit and Engineering

Capco Group

Newsis Solução em tecnologia de Informação, Fidelity International

11.79 -

3 Pizza Hut Brasil, KFC Brasil Brazil Food and Beverage Private

ShareholdersYum! Restaurantes do Brasil - -

No. of deals advised* 3 Aggretared Value (BRLm) 30.67

Partners

1 Leonardo B. Leite

2 André de Almeida

2 Natalie Yoshida

Legal Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

ANDRADE, LACAZ & VASCONCELOS ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1

RCA Distribuidora Sociedade, Conekta Patrimonial, Conekta Logistica Eletrônica, Contakta Center

Brazil Distribution and Retail; Technology Celistics Private

Shareholders 47.00 -

2 Uniporto Brazil Mining Private Shareholders

Private Shareholders 12.00 -

3Acallanto - Cuidados Especializados

BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics

Premium Care Private Shareholders 6.00 -

No. of deals advised* 3 Aggretared Value (BRLm) 65.00

Partners

1 2 3 Fábio Lacaz

ARAUJO E FONTES ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1

RCA Distribuidora Sociedade, Conekta Patrimonial, Conekta Logistica Eletrônica, Contakta Center

Brazil Distribution and Retail; Technology Celistics Private

Shareholders 47.00 -

2 Forno de Minas Brazil Food IndustryMcCain do Brasil Alimentos

Mercatto Alimentos FIP, Private Shareholders

- -

3 Hemoclinica BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics

H Hemo Private Shareholders - -

No. of deals advised* 4 Aggretared Value (BRLm) 47.00

Brazil · Legal Advisors

125

Transactional Track Record (www.TTRecord.com) -

6

ASBZ ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Azul Linhas Aéreas Brazil Transport, Aviation and Logistics Calfinco Hainan

Airlines 531.84 -

2 Viver Incorporadora e Construtora Brazil

Construction (Materials and Machinery)

Jive Asset Management Kirton Bank 420.00 -

3 Mutant Brazil TechnologyCPPIB - Canada Pension Plan Investment Board, Adams Street Partners

- 314.25 -

No. of deals advised* 9 Aggretared Value (BRLm) 1,286.08

Partners

1 Alexandre Gleria 2 Bruno Chiaradia

1 Guilherme Amaral 2 Felipe Gruber

1 3 Ricardo Melaré 2 Gabriela Claro

2 Aitan Portela

AZEVEDO SETTE ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Mapfre BB SH2 Participações Brazil Financial and

Insurance Mapfre Brasil BB Seguros 2,274.18 -

2UA Brasil Comercio e Distribuicao de Artigos Esportivos

Brazil Fashion and Textile Vulcabras Azaleia Ceará

Under Armour Europe, Under Armor UK

97.50 -

3 EPC Engenharia Brazil Consultancy, Audit and Engineering

Private Shareholders AJC Holding 90.00 -

No. of deals advised* 16 Aggretared Value (BRLm) 2,554.68

Partners

1 Jaqueline Suryan 1 Ricardo Azevedo Sette

1 Leandra Guimarães 2 Alexandre Lins Morato

1 Luiz Eduardo Salles 2 Luiz Augusto Azevedo Sette

1 Ordélio Azevedo Sette 2 Vanessa Soares Lanfranchi

1 Rafael Adler

Legal Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

BAPTISTA LUZ ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Venco Saúde Animal Brazil

Pharmaceutical, Parapharmaceutical and Cosmetics

Dechra Private Shareholders 185.00 -

2 Mandaê BrazilTransport, Aviation and Logistics; Internet

UPS Strategic Enterprise Fund, International Finance Corporation (IFC), Mercado Libre Fund, Tekton Ventures, FJ Labs, Performa Investimentos, Qualcomm Ventures, monashees, Icon Holdings Corp.

- 25.20 -

3 Vérios Brazil Internet; Financial and Insurance

e.Bricks Ventures, Startup Farm, Private Shareholders

- 5.20 -

No. of deals advised* 14 Aggretared Value

(BRLm) 217.9

Partners

1 Luis Felipe Baptista Luz

BENÍCIO ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Opus Cosméticos Brazil Chemical and

Chemical MaterialsÁkua Cosméticos

Private Shareholders - -

2 Clin Kids BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics

Hospital Bandeirantes

Private Shareholders - -

3 Navita Brazil Technology Sul Real LXX Participações

Capital Tech Inovação e Investimento - -

No. of deals advised* 4 Aggretared Value (BRLm) -

Partners

1 2 Fernando Cagnoni Abrahão Dutra

3 Bruno Tanus Job e Meira

Brazil · Legal Advisors

127

Transactional Track Record (www.TTRecord.com) -

6

BMA

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Enel Distribuição São Paulo Brazil Electric Energy

Enel Brasil Investimentos Sudeste

Private Shareholders 7,061.49

2 Somos Educação Brazil Education Saber Serviços Educacionais

Tarpon Gestora de Recursos 4,116.54

3 CPFL Renováveis Brazil Electric Energy State Grid Brazil Power Participações

Private Shareholders 4,100.00 -

No. of deals advised* 54 Aggretared Value (BRLm) 3,1895.63

Partners

1 3 Paulo Cezar Aragão 2 Barbara Rosenberg

1 André de Albuquerque Cavalcanti Abbud 2 Sandra Terepins

1 Monique Mavignier 3 Carlos Frederico Bingemer

1 3 Rodolfo Constantino de Tella

BOTELHO ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Import Sports Brazil Distribution and Retail

Victoria Capital Partners Brasil

Private Shareholders - -

2UFV MG III Equipamentos Fotovoltaicos

Brazil Solar Energy Faro Energy GD Solar - -

3UFV GO I Equipamentos Fotovoltáicos

Brazil Solar EnergyGreenyellow Do Brasil Energia e Servicos

GD Solar - -

No. of deals advised* 7 Aggretared Value (BRLm) ND

Partners

1 2 3 João Carlos Mascarenhas Horta

Legal Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

CAMPOS MELLO ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Shopping Center Tacaruna Brazil Distribution

and RetailVinci Shopping Centers FII

Private Shareholders 81.60 -

2 Odata Brasil, Odata Colombia

Brazil, Colombia

Financial and Insurance; Technology

CyrusOne - 45.08 -

3 Selfstok Brazil Real Estate Guardeaqui Self Storage

Private Shareholders - -

No. of deals advised* 6 Aggretared Value (BRLm) 126.68

Partners

1 Luiz Augusto Osório 3 Carolina Marcondes Sant’Angelo

1 2 Marcus Vinicius Bitencourt 3 Fabiano Gallo

1 Rafael Jordão Bussière 3 Ivandro Trevelim

CANDIDO MARTINS ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Galvani Indústria, Comércio e Serviços Brazil Chemical and

Chemical MaterialsYara Brasil Fertilizantes

Private Shareholders 747.10 -

2 Lac Lélo Brazil Food Industry Agro Talent Participações

Private Shareholders - -

3 Eixo Brasil Brazil Distribution and Retail Snetor Private

Shareholders - -

No. of deals advised* 8 Aggretared Value (BRLm) 747.1

Partners

2 3 Henrique de Faria Martins

3 Alamy Candido de Paula Filho

Brazil · Legal Advisors

129

Transactional Track Record (www.TTRecord.com) -

6

CASCIONE, PULINO, BOULOS & SANTOS ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 BizCapital Brazil Financial and Insurance

Chromo Invest, 42K Investimentos, Private Shareholders

- 15.00 -

2 Grupo Abril Brazil Financial and Insurance Cavalry Investimentos Private

Shareholders 0.10 -

3 Tempo Assist Brazil Financial and Insurance

Swiss Re Direct Investments Company Carlyle (Global) - -

No. of deals advised* 4 Aggretared Value (BRLm) 15.1

Partners

1 Eduardo Juaçaba 2 Milana Antoniolli Martins

2 Denise Junqueira 2 Paulo Fernando Campana Filho

2 Eduardo Taleb Boulos 3 Marcos Flesch

CESCON, BARRIEU FLESCH & BARRETO ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Fibria Celulose Brazil Glass, Ceramic, Paper, Plastics, Wood and Timber

Suzano Papel e Celulose

Votorantim, BNDESPar 36,700.00

2 Enel Distribuição São Paulo Brazil Electric Energy

Enel Brasil Investimentos Sudeste

Private Shareholders 7,061.49

3 Embraco Brazil Steel, Metallurgy and Industrial Production

Nidec Corporation

Whirlpool Brasil 4,394.53 -

No. of deals advised* 59 Aggretared Value (BRLm) 57,548.52

Partners

1 Daniel Laudisio 2 Fernanda Ferreira Bastos Buhatem

1 Darkson Delmondes Galvão 2 Joaquim José Aceturi de Oliveira

1 2 Joyce Honda 2 Maurício Teixeira dos Santos

1 2 3 Maria Cristina Cescon 2 Roberto Mario Amaral Lima Neto

1 2 Ricardo Lara Gaillard 3 Renato Reis Batiston

1 Ronald Herscovici

Legal Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

CHAVES, GELMAN, MACHADO, GILBERTO E BARBOZA ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Eirene Solutions BrazilTechnology; Agriculture, Agribusiness, Farming and Fishing

techtools ventures - 3.00 -

2ACS - Automação, Controles e Sistemas Industriais

Brazil Electronics; Technology

Cofely do Brasil

Private Shareholders - -

3 Sony DADC Brasil Brazil Media, Multimedia and Editorial

Solutions 2 GO do Brasil Sony Corporation - -

No. of deals advised* 3 Aggretared Value (BRLm) 3,00

Partners

3 Adriano R. A. P. Chaves

CHEDIAK ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 NewScan BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics

Fleury CPMA Private Shareholders 170.00 -

2 Colégio de A a Z Brazil Education Grupo SEB Private Shareholders 50.00 -

3 Psychemedics Brasil Brazil

Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Instituto Hermes Pardini

Private Shareholders 45.20 -

No. of deals advised* 7 Aggretared Value (BRLm) 265.2

Partners

1 2 Paulo Fischer Carneiro

3 Daniel de Avila Vio

3 Osmar Simões

Brazil · Legal Advisors

131

Transactional Track Record (www.TTRecord.com) -

6

COELHO & DALLE ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 SDM Nordeste Brazil Tourism, Hotels and Restaurants Nordeste III FIP Private

Shareholders - -

2Empresa de Transportes Nossa Senhora da Conceição

BrazilTransport, Aviation and Logistics

Private Shareholders

DES - Participações e Investimentos - -

3RENOVE PE Tratamento de Resíduos

Brazil

Waste Management, Pollution and Recycling

AFC Soluções Ambientais

Private Shareholders 2.50 -

No. of deals advised* 7 Aggretared Value (BRLm) 2.5

Partners

1 2 3 Eduardo Coelho

2 Ricardo Dalle

COIMBRA & CHAVES ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Nutrebem Brasil Technology Kviv Ventures - 5.00 -

2 Resale Brasil Technology; Real Estate

FIP Development Fund Warehouse - - -

3 Hands BrazilMarketing and Advertising; Technology

Confrapar - 12.88 -

No. of deals advised* 3 Aggretared Value (BRLm) 17.88

Partners

1 2 3 Paula Andrade R. Chaves

Legal Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

COUTO SILVA ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Loop BrazilCars, Motorcycles and Other Vehicles

WebMotors Grupo Estapar 50.00 -

2 Redecine Brazil Sports and Leisure Cinesystem - 10.00 -

3 TBI Seguros Brasil Financial and Insurance Grupo Case - - -

No. of deals advised* 3 Aggretared Value (BRLm) 60.00

COUTINHO, LACERDA, ROCHA, DINIZ & ADVOGADOS ASSOCIADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1

Medical - Laboratório de Análises Clínicas, Digical Digitação, Instituto de Radiologia e Planigrafia Medica

BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics

Grupo Sabin

Private Shareholders - -

2 Laboratorio Santo Antonio Brazil

Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Grupo Sabin

Private Shareholders - -

3 Laboratório Trindade BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics

Grupo Sabin

Private Shareholders - -

No. of deals advised* 3 Aggretared Value (BRLm) ND

Partners

1 2 3 José Márcio Diniz Filho

Brazil · Legal Advisors

133

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6

DE FARO CARACIOLO

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Satu Brazil Tourism, Hotels and Restaurants

Private Shareholders

Private Shareholders - -

2Boulevard Shopping Vitória da Conquista

Brazil Distribution and Retail

Private Shareholders

Private Shareholders - -

3 TMS Lubrificantes Brazil Oil and Gas;

Distribution and RetailPrivate Shareholders Risel - -

No. of deals advised* 9 Aggretared Value (BRLm) ND

Partners

1 2 3 Bruno Caraciolo

DEMAREST ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Ascenty Brazil Telecoms; Technology

Stellar Participações Great Hill Partners 7,783.22 -

2 Ale Combustíveis Brazil Distribution

and Retail GlencoreGrupo Asamar, Darby Private Equity, Sat Participações

1,700.00 -

3 Eliane BrazilConstruction (Materials and Machinery)

Mohawk Industries

FIP Kinea Private Equity II, MG5 937.24

No. of deals advised* 53 Aggretared Value (BRLm) 12,362.29

Partners

1 Ana Carolina Botto Audi 1 Paola Pugliese

1 Bruno de Luca Drago 1 3 Paulo Frank Coelho da Rocha

1 2 Christiano Chagas Monteiro de Melo 2 Thiago Rodrigues Maia

Legal Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

DERRAIK & MENEZES ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Omiexperience Brazil Technology Astella Investimentos - 25.00 -

2 PP Promotora de Vendas Brazil Financial and

Insurance

Astella Journey III, Innova Global Tech FIP, Private Shareholders

- 22.00 -

3 Gesto Saúde Brazil Technology Redpoint Ventures, Endeavor Catalyst - 20.50 -

No. of deals advised* 48 Aggretared Value (BRLm) 128.33

Partners

1 2 3 Rodrigo Menezes

DIAS CARNEIRO ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Venco Saúde Animal Brazil

Pharmaceutical, Parapharmaceutical and Cosmetics

Dechra Private Shareholders 185.00 -

2 Infracommerce Brazil Internet; Distribution and Retail

Transcosmos, Flybridge Capital Partners, Valor Capital Group, French Partners

- 22.38 -

3 Volanty Brazil Internet monashees, Canary - 19.00 -

No. of deals advised* 21 Aggretared Value (BRLm) 268.08

Partners

1 Artur Fernandes Andrezo

1 2 3 Eduardo Turkienicz

Brazil · Legal Advisors

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6

FELSBERG ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 CEPISA - Companhia Energética do Piauí Brazil Electric Energy Equatorial

Energia Eletrobras 720.45 -

2 CEAL - Eletrobras Distribuição Alagoas Brazil Electric Energy Equatorial

Energia Eletrobras 545.81 -

3 Amazonas Energia Brazil Electric Energy Oliveira Energia, Atem Eletrobras 491.41 -

No. of deals advised* 26 Aggretared Value (BRLm) 2,710.79

Partners

1 2 3 Luis Antonio Menezes

1 2 3 Marianne Albers

1 2 3 Thomas Benes Felsberg

FERRARA GARCIA ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 EPC Engenharia Brazil Consultancy, Audit and Engineering AJC Holding Private

Shareholders 90.00 -

2 MHA Engenharia Brazil Consultancy, Audit and Engineering AJC Holding Private

Shareholders 45.00 -

3Salione Concreto, Salione Mineração, Salione Infraestrutura

Brazil

Construction (Materials and Machinery); Mining; Steel, Metallurgy and Industrial Production

AJC Holding Private Shareholders 30.00 -

No. of deals advised* 30 Aggretared Value (BRLm) 404.62

Partners

1 2 3 Mário Garcia Junior

Legal Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

FIALHO SALLES ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Vitória Apart Hospital Brazil

Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Athena Saúde Holding

Private Shareholders - -

2 Cuprum Resources Chile Chile MiningSantiago Metals Investment Holdings II

Phosfaz Mineração 88.36 -

3

Acesso Participações, Acesso Representações Comerciais, Curso Acesso Pré Vestibular, Colegio Apogeu, Espaço Evidência Sociedade Educacional, Gynásio Pinhais Educação

Brazil Education Inspira Sul Participações

Private Shareholders 25.50 -

No. of deals advised* 17 Aggretared Value (BRLm) 135.73

Partners

1 Patrícia Alvarenga

1 Alice Dourado

2 Luciano Fialho de Pinho

FOCACCIA AMARAL SALVIA PELLON E LAMONICA ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Opus Cosméticos Brazil Chemical and Chemical Materials

Ákua Cosméticos

Private Shareholders - -

2 Almofariz, Fármacia Rhamus, Sweet Remedy Brazil

Pharmaceutical, Parapharmaceutical and Cosmetics; Healthcare, Hygiene, Medical Aesthetics and Cosmetics

- - - -

3 Dextra Brazil Technology Mutant Private Shareholders - -

No. of deals advised* 7 Aggretared Value (BRLm) ND

Partners

1 2 3 Renata Homem de Melo Fontes

2 3 Carla Anastácio Penna

Brazil · Legal Advisors

137

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6

FREITAS FERRAZ CAPURUÇO BRAICHI RICCIO ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Costa Rica Energética Brazil Electric Energy

CEI Companhia Energética Integrada

EDP - Energias do Brasil 40.42 -

2 Vita Hemoterapia Brazil

Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Bozano Growth Capital FIP

Private Shareholders, Health Invest

- -

3BTS VIII Empreendimentos Imobiliários

Brazil Real Estate Log Commercial Properties - - -

No. of deals advised* 3 Aggretared Value (BRLm) 40.42

Partners

1 2 Adriano Ferraz

1 Thiago Riccio

2 Bernardo Freitas

FREITASLEITE ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Piraquê Brazil Food Industry M. Dias Branco Private

Shareholders 1,550.00

2 Just Fit Brazil Sports and Leisure

Lightstone Fund, LGT Impact

Private Shareholders 50.00 -

3 IESUL - Interligação Elétrica Sul Brazil Electric

Energy CTEEP CYMI 20.07 -

No. of deals advised* 17 Aggretared Value (BRLm) 1,620.45

Partners

1 Rafael López-Diéguez Gamoneda

1 João Pedro Barroso do Nascimento

1 Pedro Afonso Gutierrez Avvad

2 3 Cláudio Fabricio Lima

Legal Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

GALDINO & COELHO ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1Viver Incorporadora e Construtora

BrazilConstruction (Materials and Machinery)

Jive Asset Management Kirton Bank 420.00 -

2Companhia Sulamericana de Cerâmica

Brazil Distribution and Retail Eternit Compañia Colombiana

De Ceramica - -

3 Hematologistas Associados Brazil

Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Vita Hemoterapia - - -

No. of deals advised* 3 Aggretared Value (BRLm) 420.00

Partners

3 Cristina Biancastelli

3 Ivana Harter

3 Julianne Zanconato

GVM | GUIMARÃES & VIEIRA DE MELLO ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1CBG - Companhia Baiana de Grafita

Brazil Mining Private Shareholders - 100.00 -

2 Mamoneira Agropastoril Brazil

Agriculture, Agribusiness, Farming and Fishing

GTR Brasil Participações AGFA FIP 75.00 -

3 Emcasa Construtora Brazil

Construction (Materials and Machinery)

Private Shareholders CCM Construção 10.00 -

No. of deals advised* 4 Aggretared Value (BRLm) 185.00

Partners

1 2 3 Leonardo Guimarães

1 3 Marcello Augusto Lima Vieira de Mello

Brazil · Legal Advisors

139

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6

HALEMBECK BARROS ADVOGADOS ASSOCIADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1Sao Pedro Transmissora De Energia

Brazil Electric Energy Taesa Âmbar Energia, FIP Milão 942.53 -

2 Beblue BrazilTechnology; Financial and Insurance

VIT - Vector Inovação e Tecnologia

- 45.00 -

3 Adianta BrazilFinancial and Insurance; Technology

DGF Investimentos, 42K Investimentos

- 8.00 -

No. of deals advised* 13 Aggretared Value (BRLm) 995.53

Partners

1 Bruno de Barros Carvalho Longo 1 3 Marcelo de França Fernandes da Silva

1 Daniel Vianna de Azevedo Barros 1 Ricardo Villela

1 2 Luiz Fernando Amaral Halembeck 2 3 Luís Guilherme Bonazza Teixeira

HAPNER KROETZ ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1Editora Unificado, Colégio e Curso Stella Maris

BrazilMedia, Multimedia and Editorial; Education

Inspira Mudança Participações, Inspira Sul Participações

Private Shareholders 12.50 -

2 Itabira Participações Brazil Financial and

InsuranceBerneck Painéis e Serrados

Private Shareholders - -

3 Agres Brazil

Technology; Agriculture, Agribusiness, Farming and Fishing

Tecomec Private Shareholders - -

No. of deals advised* 3 Aggretared Value (BRLm) 12.5

Partners

1 2 3 Rodrigo Costenaro Cavali

2 Carlos Eduardo Hapner

Legal Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

HCO ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Sky.One Brazil Technology Capital Tech II - 22.50 -

2 Ingresse BrazilInternet; Distribution and Retail

Confrapar, Qualcomm Ventures, Mercado Libre Fund, FJ Labs

- 20.00 -

3 Fullface Biometric Solutions Brazil Technology FIP Inova Empresa

MPE - PRIMATEC - 5.00 -

No. of deals advised* 5 Aggretared Value (BRLm) 50.5

Partners

1 Jihane Halabi

1 2 Anne Chang

KLA ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Volanty Brazil Internet monashees, Canary - 19.00 -

2 Avante Brazil Financial and Insurance

Oikocredit, Fiinlab, Vox Capital - - -

3 Faculdade Divinópolis - Faced Brazil Education Sociesc Educação Private

Shareholders 5.50 -

No. of deals advised* 12 Aggretared Value (BRLm) 26.00

Partners

1 Karin Alvo

2 Luiz Filipe Aranha

2 Mariana Cortez

Brazil · Legal Advisors

141

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6

LANDI, RODRIGUES, NAKANO E GIOVANNETTI ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1

Toshiba Infraestrutura America Do Sul, Toshiba America do Sul - Minas Gerais, Toshiba America do Sul - Curitiba

Brazil Electronics TSEA Participações Toshiba 53.16 -

2 iMedicina Brazil

Technology; Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Cedro Capital - 9.37 -

3Gira - Gestão Integrada de Recebíveis do Agronégócio

Brazil Financial and Insurance

FIP Venture Brasil Central - 6.00 -

No. of deals advised* 11 Aggretared Value (BRLm) 73.63

Partners

1 2 Ricardo Mahlmann de Almeida

1 Rogerio Padua Nakano

1 2 Matheus Veras Gadelha Pinto de Souza

LEFOSSE ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Enel Distribuição São Paulo Brazil Electric

Energy

Enel Brasil Investimentos Sudeste

Private Shareholders 7,061.49

2 Keystone Foods United States

Food Industry Tyson Foods

McKey Luxembourg Holdings, MFG (USA) Holdings

5,419.58 -

3 National Beef Packing Company

United States

Food Industry NBM US Holdings Leucadia, Private

Shareholders 3,707.95 -

No. of deals advised* 27 Aggretared Value (BRLm) 19,300.8

Partners

1 2 3 Carlos Barbosa Mello 1 Ricardo Prado

1 Christiano Rehder 1 Rodrigo Azevedo Junqueira

1 Eduardo Soares 3 André Calumby

Legal Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

LEITE, ROSTON | CHAVES, SACIOTTO E BURR ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Concordia Corretora Valores, Spinelli Brazil Financial and

Insurance - - - -

2CBP Sul - Colchões e Espumas Industriais, CBP - Indústria do Conforto

BrazilGlass, Ceramic, Paper, Plastics, Wood and Timber

Private Shareholders

Private Shareholders - -

3 Leva Brasil Brazil Transport, Aviation and Logistics

Private Shareholders

Private Shareholders - -

No. of deals advised* 3 Aggretared Value (BRLm) ND

Partners

2 3 Lia Esposito Roston

LOBO DE RIZZO ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1Centro Universitário da Serra Gaúcha, Veritas Educacional a Participações

Brazil Education Grupo Cruzeiro do Sul Educacional FIP Veritas 340.00 -

2 Domino Brazil Tourism, Hotels and Restaurants

Vinci Capital Partners III FIP

Bramex Comércio e Serviços 300.00 -

3Movile, Movile Mobile Commerce Holdings

Brazil, Spain

Technology; Financial and Insurance

Innova FIP, Naspers - 478.39 -

No. of deals advised* 23 Aggretared Value (BRLm) 1,550.99

Partners

1 2 3 Otávio Lucas Solano Valério

1 2 3 Rodrigo Millar de Castro Guerra

Brazil · Legal Advisors

143

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6

MACHADO, MEYER, SENDACZ E OPICE ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Embraco BrazilSteel, Metallurgy and Industrial Production

Nidec Corporation Whirlpool Brasil 4,394.53 -

2 Multiplus Brazil Financial and Insurance

LATAM Airlines Brasil

Private Shareholders 1,023.03

3 Algar Telecom Brazil Telecoms Archy Algar Ventures 1,000.00

No. of deals advised* 37 Aggretared Value (BRLm) 9,872.25

Partners

1 Arthur Bardawil Penteado 3 Guilherme Bueno Malouf

1 3 Bruna Marrara Martinez 3 Luciana Costa Engelberg

1 3 Mariana Rodrigues Meditsch 3 Fernando Tonanni

2 Eliana Helena de Gregório Ambrósio Chimenti 3 Marcos Paulo Veríssimo

2 Alessandra Souza Pinto 3 Maria Eugênia Novis

MADRONA ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 New Steel Brazil Steel, Metallurgy and Industrial Production

Vale - Companhia Vale do Rio Doce Hankoe FIP 1,879.81

2 Starbucks Brasil Brazil Food and Beverage SouthRock Capital Starbucks 164.76 -

3 Instituto de Radiologia de Natal Brazil

Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Fleury CPMA Private Shareholders 90.50 -

No. of deals advised* 23 Aggretared Value (BRLm) 2,408.77

Partners

1 Ricardo Madrona 2 Marcelo Cosac

1 3 Luciana Renouard 3 Eduardo Tristão

2 Danilo Henrique Pereira Mininel

Legal Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

MANASSERO E CAMPELLO ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Colegio do Salvador Brazil Education Somos

EducaçãoPrivate Shareholders 61.70 -

2 MHA Engenharia BrazilConsultancy, Audit and Engineering

AJC Holding Private Shareholders 45.00 -

3 MHA Participações Brazil Financial and

InsurancePrivate Shareholders AJC Holding 45.00 -

No. of deals advised* 4 Aggretared Value (BRLm) 151.82

MATTOS FILHO, VEIGA FILHO, MARREY JR. E QUIROGA ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Fibria Celulose BrazilGlass, Ceramic, Paper, Plastics, Wood and Timber

Suzano Papel e Celulose

Votorantim, BNDESPar 36,700.00

2 Somos Educação Brazil Education Saber Serviços Educacionais

Tarpon Gestora de Recursos 4,116.54

3 Walmart Brasil Brazil Distribution and Retail

Advent International (Global)

Walmart 1,900.00 -

No. of deals advised* 67 Aggretared Value (BRLm) 56,219.53

Partners

1 Amadeu Ribeiro 2 Marcelo Sampaio Góes Ricupero

1 Hiram Bandeira Pagano Filho 3 Paulo Camargo Tedesco

1 2 Marcio Dias Soares 3 Andrea Bazzo Lauletta

1 Moacir Zilbovicius 3 Eduardo Marques Souza

2 3 Luciana Pietro Lorenzo 3 Rodrigo Figueiredo Nascimento

2 Luiz Felipe Centeno Ferraz

Brazil · Legal Advisors

145

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6

MNA - MIGUEL NETO ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Prima Brazil Technology Volaris Brazil Participações

Private Shareholders, Educaria Hispana - -

2Indubrasil Empreendimentos Imobiliários

Brazil

Real Estate; Construction (Materials and Machinery)

Setcorp Participações

Pedreira Santo Onofre, CGR Engenharia

20.00 -

3 Sibrape Brazil Other Consumer Goods Grupo Novem Pentair Brasil - -

No. of deals advised* 17 Aggretared Value (BRLm) 20.00

Partners

1 Décio Andrade

2 Bruno Hachebe Schiavoni Guarnieri

3 Antônio Farroco

MUNDIE E ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Ale Combustíveis Brazil Distribution and Retail Glencore

Grupo Asamar, Darby Private Equity, Sat Participações

1,700.00 -

2 Eliane Brazil Construction (Materials and Machinery)

Mohawk Industries

FIP Kinea Private Equity II, MG5 937.24

3 Aegea Brazil Water and Sanitation Atlantic Investco - - -

No. of deals advised* 4 Aggretared Value (BRLm) 2,637.24

Partners

1 Rodolpho de Oliveira Franco Protasio

Legal Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

NAUFAL & SILVA ADVOGADOS ASSOCIADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1Salione Concreto, Salione Mineração, Salione Infraestrutura

Brazil

Construction (Materials and Machinery); Mining; Steel, Metallurgy and Industrial Production

AJC Holding

Private Shareholders 30.00 -

2 Sabbia Participações Brazil Financial and Insurance AJC

HoldingPrivate Shareholders 5.00 -

3 Pedreira Taquaruçu Brazil Mining AJC Holding

Private Shareholders 5.00 -

No. of deals advised* 7 Aggretared Value (BRLm) 60.00

PEREIRA DOS SANTOS, QUADROS & ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Oppa Design Brazil Internet; Distribution and Retail

Meu Móvel de Madeira

Private Shareholders, monashees, Kaszek Ventures, Valar Ventures, Thrive Capital

- -

2 Lac Lélo Brazil Food Industry Agro Talent Participações Private Shareholders - -

3 Gambatto Auto Ford Brazil Cars, Motorcycles

and Other VehiclesPrivate Shareholders Private Shareholders - -

No. of deals advised* 3 Aggretared Value (BRLm) -

Partners

1 2 Alexandre Hellender de Quadros 1 2 Samuel Batista Guiraud

1 2 3 Said Mahmoud Abdul Fattah Junior 1 2 3 Sandro W. Pereira dos Santos

Brazil · Legal Advisors

147

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6

PERLMAN, VIDIGAL E GODOY ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Santista, Santista Argentina

Brazil, Argentina

Fashion and Textile; Distribution and Retail

Siete Leguas Mover Participações 136.65 -

2 Velsis Sistemas e Tecnologia Viaria Brazil Electronics

Fema 2 Investimentos e Participações

- 50.00 -

3Largent Empreendimentos e Participacoes, Demás Participações

Brazil

Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Hospital Renascença

Private Shareholders - -

No. of deals advised* 4 Aggretared Value (BRLm) 186.65

Partners

1 2 Claudio D. D. Gomez 2 3 Marcelo Perlman

2 3 Érico Lopes Tonussi 2 3 Nicholas Fernandes de Oliveira Versignassi

PINHEIRO GUIMARÃES

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Multiplus Brazil Financial and Insurance

LATAM Airlines Brasil

Private Shareholders 1,023.03

2

Pirapora V Energias Renováveis, Pirapora VI Energias Renováveis, Pirapora VII Energias Renováveis, Pirapora IX Energias Renováveis, Pirapora X Energias Renováveis, Pirapora II Energias Renováveis, Pirapora III Energias Renovaveis, Pirapora IV Energias Renovaveis, Vazante I Energias Renováveis, Vazante II Energias Renováveis, Vazante III Energias Renováveis

Brazil Electric Energy

Omega Geração

Canadian Solar UK Projects, EDF EN do Brasil

456.00 -

3 Magnesita Brazil

Steel, Metallurgy and Industrial Production

Dutch Brasil Holding

Private Shareholders 349.51 -

No. of deals advised* 18 Aggretared Value (BRLm) 2,107.14

Partners

1 3 Francisco José Pinheiro Guimarães

2 André Sigelmann

2 Maria Manuela Andrade

Legal Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

PINHEIRO NETO ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Ascenty Brazil Telecoms; Technology

Stellar Participações Great Hill Partners 7,783.22 -

2 Embraco BrazilSteel, Metallurgy and Industrial Production

Nidec Corporation Whirlpool Brasil 4,394.53 -

3National Beef Packing Company

United States Food Industry NBM US

HoldingsLeucadia, Private Shareholders 3,707.95 -

No. of deals advised* 76 Aggretared Value (BRLm) 27,001.71

Partners

1 2 Diego Caldas R. de Simone 3 Caio Carlos Cruz Ferreira Silva

1 Jorge N. F. Lopes Jr. 3 Fernando dos Santos Zorzo

2 José Luiz Homem de Mello

PMKA ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1Re Monte Investimentos Imobiliarios e Participacoes, SPE Campo Grande

Brazil Real Estate CSHG Logística FII

Patria Investimentos 128.20 -

2Jardim Oceanico Investimentos Imobiliarios e Participacoes

Brazil Financial and Insurance

CSHG Renda Urbana FII

Pátria Real Estate III FIP 121.30 -

3 Hesa 96 Investimentos Imobiliarios Brazil

Construction (Materials and Machinery)

Brasia II Properties Investimentos Imobiliários

Sheva II Startup Investimentos Imobiliarios

119.00 -

No. of deals advised* 7 Aggretared Value (BRLm) 379.00

Partners

3 Rafael Gobbi

3 Sérgio Ricardo Souza Kawasaki

Brazil · Legal Advisors

149

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6

SALUSSE MARANGONI ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Espaçolaser Barretos Brazil

Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Espaçolaser Private Shareholders - -

2

Aut Estetica Eireli, Abbruzzese & Moura Estetica, Abbruzzese & Moura Estética - Vila 31 de Março, Abbruzzese & Moura Estética - Vila Brandina

Brazil

Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Espaçolaser Private Shareholders - -

3Espaçolaser Várzea Paulista, Espaçolaser Araras

Brazil

Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Espaçolaser Private Shareholders - -

No. of deals advised* 7 Aggretared Value (BRLm) ND

Partners

1 2 3 Sérgio Ricardo Nutti Marangoni

1 2 3 Felipe Hannickel Souza

SOUTO, CORREA, CESA, LUMMERTZ & AMARAL ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Jofund Brazil Steel, Metallurgy and Industrial Production Fras-le Private

Shareholders 180.00 -

2 SLC Alimentos Brazil Food industry; Distribution and Retail

CAMIL Alimentos SLC Participações 140.00 -

3 GVEnergy Brazil Electric Energy Cofely do Brasil

Private Shareholders - -

No. of deals advised* 3 Aggretared Value (BRLm) 320.00

Partners

1 Fábio Machado Baldissera 2 André Luiz da Silva Gomes

1 2 3 Gilberto Deon Corrêa Junior 2 Clarissa Yokomizo

1 3 Leticia Diehl Tomkowski 2 Fernanda Girardi Tavares

1 Raquel Stein 2 3 Isabelle Ferrarini Bueno

2 Carlos Fernando Couto de Oliveira Souto 2 3 Luis Felipe Spinelli

Legal Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

STOCCHE FORBES ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 CESP Brazil Electric Energy

VTRM Energia, SF Ninety Two Participações Societárias

Governo de São Paulo, Companhia do Metropolitano de São Paulo - Metrô, Dersa Desenvolvimento Rodoviario, SABESP, Departamento de Águas e Energia Elétrica - DAEE, Companhia Paulista De Parcerias - Cpp

1,721.43 -

2

Parque Eolico Assurua Ii, Parque Eolico Assurua v, Parque Eolico Assurua Vii, Parque Eolico Assurua Iii, Parque Eolico Assurua Iv, Parque Eolico Capoeiras Iii, Parque Eolico Diamante Ii, Parque Eolico Diamante Iii, Parque Eolico Laranjeiras i, Parque Eolico Laranjeiras II, Parque Eolico Laranjeiras IV, Parque Eolico Curral De Pedras Ii, Parque Eolico Curral De Pedras i, Centrais Eolicas Assurua

Brazil Electric Energy

Omega Geração FIP IEER 882.00 -

3 Eig Llx Holdings, Prumo Logística

Luxembourg, Brazil

Transport, Aviation and Logistics

Mubadala - 773.57 -

No. of deals advised* 28 Aggretared Value (BRLm) 7,418.53

Partners

1 André Mestriner Stocche

1 2 Fabiano Marques Milani

1 Renato Souza Coelho

Brazil · Legal Advisors

151

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6

TASSO PEREIRA & SALVADOR ADVOGADOS ASSOCIADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Sobam Centro Médico Brazil

Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Santa Helena, Esho

Private Shareholders, Hospital Pitangueiras

- -

2 Hospital Pitangueiras Brazil

Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Esho Private Shareholders - -

3APS Assistância Personalizada a Saúde

BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics

Santa Helena Private Shareholders - -

No. of deals advised* 3 Aggretared Value

(BRLm) ND

TAUIL & CHEQUER ADVOGADOS ASSOCIADO A MAYER BROWN

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Alpargatas Argentina Argentina Fashion and Textile Private

Shareholders Alpargatas 40.00 -

2 Skystone Brasil Brazil Steel, Metallurgy and Industrial Production Skystone Private

Shareholders 27.00 -

3 Intelie Brazil Technology RigNet Private Shareholders - -

No. of deals advised* 7 Aggretared Value (BRLm) 67.00

Partners

1 Carlos Motta

3 Guilherme Vieira da Silva

3 Ivan Tauil

Legal Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

TOZZINIFREIRE ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Fibria Celulose Brazil

Glass, Ceramic, Paper, Plastics, Wood and Timber

Suzano Papel e Celulose

Votorantim, BNDESPar 36,700.00

2 Embraco Brazil

Steel, Metallurgy and Industrial Production

Nidec Corporation Whirlpool Brasil 4,394.53 -

3 Ale Combustíveis Brazil Distribution

and Retail Glencore

Grupo Asamar, Darby Private Equity, Sat Participações

1,700.00 -

No. of deals advised* 23 Aggretared Value (BRLm) 43,108.35

Partners

1 3 Francisco Eumene Machado de Oliveira Neto

1 3 Mauro E. Guizelin

2 Carla do Couto Hellu Battilana

TRENCH, ROSSI E WATANABE ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Galvani Indústria, Comércio e Serviços Brazil

Chemical and Chemical Materials

Yara Brasil Fertilizantes

Private Shareholders 747.10 -

2

Pirapora V Energias Renováveis, Pirapora VI Energias Renováveis, Pirapora VII Energias Renováveis, Pirapora IX Energias Renováveis, Pirapora X Energias Renováveis, Pirapora II Energias Renováveis, Pirapora III Energias Renovaveis, Pirapora IV Energias Renovaveis, Vazante I Energias Renováveis, Vazante II Energias Renováveis, Vazante III Energias Renováveis

Brazil Electric Energy

Omega Geração

Canadian Solar UK Projects, EDF EN do Brasil

456.00 -

3 DBO Energy Brazil Oil and Gas RWE Supply & Trading

Private Shareholders 214.26 -

No. of deals advised* 18 Aggretared Value (BRLm) 1,758.18

Partners

1 Nazir Takieddine

Brazil · Legal Advisors

153

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ULHÔA CANTO, REZENDE E GUERRA - ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Fibria Celulose BrazilGlass, Ceramic, Paper, Plastics, Wood and Timber

Suzano Papel e Celulose

Votorantim, BNDESPar 36,700.00

2 99Taxis Brazil Internet Didi Chuxing

Riverwood Capital, monashees, Qualcomm Ventures, Tiger Global Management, SoftBank

1,954.00

3 CEPISA - Companhia Energética do Piauí Brazil Electric Energy Equatorial

Energia Eletrobras 720.45 -

No. of deals advised* 11 Aggretared Value (BRLm) 41,233.26

Partners

1 Rodrigo Brunelli Machado 3 Isabel Lustosa

2 Pedro Chueiri 3 Marcelo Maria Santos

VEIRANO ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Brio Gold, Brio Gold Mineração

Canada, Brazil Mining Leagold Mining Private

Shareholders 1,076.21 -

2 RCB Investimentos Brazil

Consultancy, Audit and Engineering

Banco BradescoPra Group Brazil Investimentos e Participacoes

224.00 -

3 Poupafarma Brazil Distribution and Retail

Stratus SCP Coinvestimento II FIP

Private Shareholders 65.00 -

No. of deals advised* 49 Aggretared Value (BRLm) 6,130.06

Partners

1 Pedro A. Garcia 3 Carlos Alexandre Lobo

2 Alberto de Orleans e Bragança 3 Renata Fialho de Oliveira

2 Isabela Martins Xavier

Legal Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

VELLA PUGLIESE BUOSI E GUIDONI ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1

GreenLine, Hospital e Pronto Socorro Itamaraty, Hospital Salvalus, Laboratório Bio Master

Brazil

Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Bcbf Participacoes, Hospital Renascença

Private Shareholders 1,200.00 -

2Zema Petróleo, Zema Diesel, Zema Importação

Brazil Oil and GasTotal Lubrificantes do Brasil

Ricardo Zema Participacoes, Private Shareholders

- -

3 Femme Laboratório Brazil

Healthcare, Hygiene, Medical Aesthetics and Cosmetics

CMN Solutions A041 Participações

Private Shareholders, CG I FIP

160.00 -

No. of deals advised* 8 Aggretared Value (BRLm) 1,376.88

Partners

2 Rodrigo Vilardo Vella

VELLOZA ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Vérios Brazil Internet; Financial and Insurance

e.Bricks Ventures, Startup Farm, Private Shareholders

- 5.20 -

2 Colégio Lato Sensu Brazil Education Saber Serviços

EducacionaisPrivate Shareholders - -

3 Besser Partners Brazil

Consultancy, Audit and Engineering; Financial and Insurance

C6 Participacões Societárias

Private Shareholders - -

No. of deals advised* 5 Aggretared Value (BRLm) 5.2

Partners

1 2 3 Camila Sisti 1 Thomas Becker Pfeferman

1 Diego Nabarro 2 Cesar Amendolara

Brazil · Legal Advisors

155

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VERNALHA, DI LASCIO, MESQUITA & ASSOCIADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Velsis Sistemas e Tecnologia Viaria Brazil Electronics

Fema 2 Investimentos e Participações

- 50.00 -

2 Clínica Imagem, Hospital Baia Sul Brazil

Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Hospital Care Private Shareholders - -

3 James Delivery Brazil Financial and Insurance

Grupo Pão de Açúcar

Private Shareholders - -

No. of deals advised* 3 Aggretared Value (BRLm) 50.00

Partners

1 2 Bruna Bogucheski

1 2 Renata Di Lascio

2 Douglas Vosgerau

VIEIRA REZENDE ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1Edp Pequenas Centrais Hidroeletricas, Santa Fe Energia

Brazil Electric EnergyStatkraft Energias Renováveis

EDP - Energias do Brasil 591.00 -

2 DBO Energy Brazil Oil and Gas RWE Supply & Trading

Private Shareholders 214.26 -

3 Just Fit Brazil Sports and Leisure

Lightstone Fund, LGT Impact

Private Shareholders 50.00 -

No. of deals advised* 7 Aggretared Value (BRLm) 860.26

Partners

1 Camila Borba Lefevre

1 3 Ricardo C. Ariani Filho

2 Alberto Weyland Vieira

Legal Advisors · Brazil

- Transactional Track Record (www.TTRecord.com)

VILAS BOAS, LOPES E FRATTARI ADVOGADOS

Target Country (Target) Subsector Buyer Seller Value

(BRLm) Awards

1 Skystone Brasil BrazilSteel, Metallurgy and Industrial Production

Skystone Private Shareholders 27.00 -

2 Aracu Madeiras Brazil

Glass, Ceramic, Paper, Plastics, Wood and Timber; Forestry

Private Shareholders

Private Shareholders 1.00 -

3 Pigminas BrazilSteel, Metallurgy and Industrial Production

Grupo Bauminas

Private Shareholders - -

No. of deals advised* 4 Aggretared Value (BRLm) 28.00

Partners

1 2 3 Christian Sahb Batista Lopes

7CORPORATE PROFILES

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

AIRES VIGO – ADVOGADOS TTR ID | 28146

TEAMAires Vigo FOUDING PARTNER [email protected]

Winicius Borini Rodrigues PARTNER Corporate | M&A [email protected]

Rodrigo Ferreira Vigo PARTNER Corporate | M&A [email protected]

Ricardo Ferreira Vigo PARTNER [email protected]

Gustavo Alves Montans PARTNER [email protected]

ABOUT US

AIRES VIGO – ADVOGADOS (AVA) is a well-known and prestigious law firm formed by experienced lawyers with a rich history spanning for 30 years. AVA’s structure provides to its clients the whole legal assistance they need, with offices in strategic cities such as Ribeirão Preto, São Paulo, Brazilia, Belo Horizonte and Uberlândia. AVA is composed by lawyers specialized in every area of law and, in order to provide pragmatics, efficient and fast solutions to its clients, works on teams, so the interaction of areas can render exceptional and high quality service with the attention and concern with technical aspects that the legal system requires.

CONTACTS

SÃO PAULO Al. Ministro Rocha Azevedo, n.º 38 9 Andar. Sala 904 Bairro Cerqueira César CEP 01410 000 . São Paulo, SP

EMAIL [email protected]

TELEPHONE (11) 3254-5777

WEBSITE www.airesvigo.com.br

N.º OF EMPLOYEES | 60

BRANCHES

RIBERÃO PRETO

Av. Braz Olaia Acosta, n.º 727 15 Andar. Bairro Jardim Califórnia CEP 14026 040. Ribeirão Preto, SP

TELEPHONE (16) 4009-0400

UBERLÂNDIA Rua Augusto César, n.º 345. Bairro Fundinho . CEP 38400 162 Uberlândia, MG

TELEPHONE (34) 3292-5777

BELO HORIZONTE

Rua Antônio de Albuquerque, n.º 156 7.º Andar. Bairro Savassi CEP 30112 010

TELEPHONE (31) 3227-7228

BRASÍLIA SHS Qd. 06, Conj A Torre C, Sala 504. Asa Sul. CEP 70316 102

TELEPHONE (61) 3702-2202

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TRANSACTIONAL HIGHLIGHTS

Target Country Subsector Buyer Seller Value (BRLm)

Ourofino Agrociência Brazil

Chemical and Chemical Materials; Agriculture, Agribusiness, Farming and Fishing

Mitsui & CoPrivate Shareholders Brazil I, ISK - Ishihara Sangyo Kaisha

25,00

Nova Fonte Engenharia Brazil

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

Chianti Participações Private Shareholders Brazil ND

Muve Digital Brazil Technology; Consultancy, Audit and Engineering

Private Shareholders Brazil

BRE Comércio de Livros ND

Escola Semente Brazil Education Private Shareholders Private Shareholders ND

Semapro Brazil Chemical and Chemical Materials Hinove Agrociencia

Private Shareholders Brazil, Private Shareholders Bolivia

ND

Reserva Macaúba Brazil Real Estate

WTB Empreendimentos Imobiliarios, Urbamais participações

- 185,00

Colégio Visão Brazil Education Grupo SEB Private Shareholders I ND

AVA provides services to a vast variety of companies which businesses are allocated in different sectors of the economy, such as Construction, Agribusiness, Automotive, Cleaning Services, Transportation, Investment (Trusts/Funds), Warehouses, Logistics and a wide range of industries.

PRACTICE AREAS

Tax Law; Contract Law; Real Estate (Structured Transactions); Labor Law; Administrative and Regulatory; Civil, Economic and Environmental Law; Litigation, Arbitration and Conflict Resolution; Compliance, Judicial Reorganization of Companies and Bankruptcy procedures, and:

Corporate lawAdvice on company formation and management; Assistance in constitution, transformation, merger, spin-off, incorporation and restructuring of companies; Assistance in drafting and amending constitutional documents such as articles of incorporation, memorandum/articles of association and by-laws; Participation in General Meetings, meetings of members and Board of Directors; Drafting agreements between shareholders, officers or partners, as well as participation in inherent negotiations; Advice and drafting contracts of associations, partnerships and "Joint Ventures"; Guidance and defense of shareholders and partners rights. Structuring of Corporate Governance Policies.

Mergers and Acquisitions (M&A) and Legal Audit (DD)Assistance in company capitalization, purchasing and selling of shares, takeovers, mergers and acquisitions; Advise and conduct due diligence, especially for the purpose of identifying and measuring risks. Assistance in the preparation and negotiation of Memorandum of Understandings, Follow-up Letters and other types of preliminary contracts and shareholders' agreements arising from the operation. Acting in order to comply with regulatory agencies requirements, such as the Securities and Exchange Commission, the Central Bank and the Administrative Council for Economic Defense and others. Advice on risk analysis and responsibility of partners and managers.

AWARDS

Elected by Revista Análise 500 (2013-2018) as one of the country's most admiring offices in the Corporate Area and Economic Sectors - Commerce and Education and among the most admired law firms in the State of São Paulo.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

ASBZ ADVOGADOS TTR ID | 17965

TEAMAdriana Passaro PARTNER [email protected]

Adriano Silverio PARTNER [email protected]

Aitan Portela PARTNER [email protected]

Alexandre Gleria PARTNER [email protected]

Alfredo Zucca MANAGING PARTNER [email protected]

Bruno Chiaradia PARTNER [email protected]

Christian Vieira PARTNER [email protected]

Daniel Valle PARTNER [email protected]

Danilo Leal PARTNER [email protected]

Decio Daidone Jr PARTNER [email protected]

Felipe Gruber PARTNER [email protected]

Gabriela Claro PARTNER [email protected]

Guilherme Amaral PARTNER [email protected]

Gustavo Taiar PARTNER [email protected]

João Biazzo PARTNER [email protected]

Luiza Sato PARTNER [email protected]

Marcelo Valença PARTNER [email protected]

Márcia Approbato CONSULTING PARTNER [email protected]

Mauricio Maríngolo PARTNER [email protected]

Nilson Naves CONSULTING PARTNER [email protected]

Raquel Laudanna PARTNER [email protected]

Ricardo Melaré PARTNER [email protected]

Rodrigo Shiromoto PARTNER [email protected]

Sylvia Hossni Ribeiro do Valle CONSULTING PARTNER [email protected]

CONTACTS

SÃO PAULO Av. Brig. Faria Lima, 4.285, 4º andar, 04538-133, São Paulo, SP

EMAIL [email protected]

TELEPHONE +55 11 3145-6000

WEBSITE www.asbz.com.br

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BRANCHES

BRASÍLIA SHIS QL 06, Conjunto 01, Casa 04, Lago Sul, Brasilia, DF

TELEPHONE +55 61 3224 3738

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ABOUT US

Law practice as a means, happiness as a goal. We exist to offer a unique work environment. We encourage 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.

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.

TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller Value (BRLm)

Viver Incorporadora e Construtora Brazil Construction Jive Asset Management Kirton Bank

(Bradesco) 420.00

Mutant Brazil TechnologyCPPIB – Canada Pension Plan Investment Board, Adams Street Partners

- 314.24

Atento Brasil Data Center Brazil Technology T-Systems do Brasil Atento Brasil ND

Saiba+ Brazil Marketing and Media Zoly Private

Investors ND

Dextra Brazil Technology Mutant Private Investors 60.00

Azul Linhas Aéreas Brazil Transportation, Aviation United Hainan

Airlines 531.84

Iguaçu Barbacena Geração de Energia, Iguaçu Consultoria

Brazil Energy Focus Energia Iguaçu Energia 20.00

Cluster2Go Brazil Telecom Locaweb Private Investors ND

Staples Brasil Brazil Distribution and Retail Private Investors Staples ND

*Advised entities are written in bold.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

AURO RUSCHEL ADVOGADOS ASSOCIADOS TTR ID | 132869

TEAMAuro Thomás Ruschel PARTNER [email protected]

Maite Cristiane Schmitt PARTNER [email protected]

Rafael Surita Steigleder PARTNER [email protected]

ABOUT US

Founded in 2008, Auro Ruschel Advogados Associados is a full-service business law firm, acting nationally, through the units of Porto Alegre and São Paulo.

It is formed by corporate lawyers, with genuine interest in the business area and organized by areas of expertise, acting in advisory and litigation, joining expertise and forming, therefore, a multidisciplinary team of business law. The firm acts exclusively for the benefit of companies and this definition has led them to understand business language, customer focus, continuous improvement of staff, structure, communication, marketing and information technology.

The firm acts in the most sensitive areas of corporate law, in addition to having concrete sectoral experience, so the firm's knowledge is able to service with excellence the areas of tax law, corporate law, contracts, mergers and acquisitions, financial restructuring and bankruptcy, compliance and corporate ethics, regulations, administrative and bidding, labor, competition, consumer relations, litigation (civil liability, obligations, real estate, banking, intellectual property, etc.), corporate criminal, agribusiness, information technology, retail and life sciences.

CONTACTS

PORTO ALEGRE

Av. Diário de Notícias, nº 200 / 2105 Edifício Cristal Tower90.810-080 Bairro Cristal Porto Alegre, Rio Grande do Sul, Brazil

EMAIL [email protected]

TELEPHONE +55 51 30720096

WEBSITE www.auroruschel.com.br

START OF ACTIVITY | 01/06/2008 N.º OF EMPLOYEES | 17

BRANCHES

SÃO PAULO Av. das Nações Unidas, n° 14401 / 2606Edif. Tarumã – Chácara Santo AntônioSão Paulo - CEP: 04.794-000

TELEPHONE +55 11 21585876

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Over the course of its ten years, Auro Ruschel Advogados Associados has gained recognition by the competent and customized legal service it offers, with cases of success in all its areas of activity, as well as clients from all economic segments.

With its multidisciplinary team, it acts in the construction and execution of the best legal solutions and customized strategies with the objective of attending each client, in addition to caring for good service and information, resulting in partnerships that are increasingly solid and long lasting. Auro Ruschel Advogados Associados, building strategies that generate results.

PRACTICE AREAS

· Tax law

· Corporate law

· Contracts

· Mergers and Acquisitions

· Financial restructuring and bankruptcy

· Compliance and corporate ethics

· Regulations

· Administrative and bidding

· Labor

· Competition

· Consumer relations

· Litigation (civil liability, obligations, real estate, banking, intellectual property, etc.)

· Corporate criminal

· Agribusiness

· Information technology

· Retail

· Life sciences

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

BAPTISTA LUZ ADVOGADOS TTR ID | 7099

TEAMLuis Felipe Baptista Luz PARTNER [email protected]

Alexandre Freitas PARTNER [email protected]

Pedro Henrique Soares Ramos PARTNER [email protected]

Renato Leite Monteiro PARTNER [email protected]

Rafael S. G. Schlickmann PARTNER [email protected]

Luciana Simões Rebello Horta PARTNER [email protected]

Jessica Bernstein Heumann PARTNER [email protected]

Cristiano Gimenez PARTNER [email protected]

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.

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”.

CONTACTS

SÃO PAULO Rua Ramos Batista, 444 - 2nd floorVila Olímpia. São Paulo, SP - BR

TELEPHONE +55 11 3040 7050

EMAIL [email protected]

WEBSITE https://baptistaluz.com.br

START OF ACTIVITY | 2004 N.º OF EMPLOYEES | 80

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TRANSACTIONAL HIGHLIGHTS

Target Country Subsector Buyer Seller Value (BRLm)

ProgMedia BrazilMarketing and Advertising; Consultancy, Audit and Engineering

MightyHive Private Shareholders -

Warren Brazil Financial and Insurance Ribbit Capital, Kaszek Ventures, Chromo Invest - 25,00

Ibooking Brazil Technology; Tourism, Hotels and Restaurants GJP Hotels & Resorts - -

James Delivery Brazil Financial and Insurance Grupo Pão de Açúcar Private Shareholders -

EmCasa Brazil Technology; Real Estate Monashees VIII - -

Avec Brazil TechnologyStrategic Portfolio Management (Bahamas) Fund

Lanx Capital -

Venco Saúde Animal Brazil

Pharmaceutical, Parapharmaceutical and Cosmetics

Dechra Private Shareholders 185,00

Maplink BrazilTechnology; Internet; Transport, Aviation and Logistics

Movile Private Shareholders -

Kovi Brazil Technology monashees, Private Shareholders Brazil I - -

Portfólio de Clientes Brazil Financial and Insurance Guide Investimentos Magliano

Invest -

Mandaê Brazil Transport, Aviation and Logistics; Internet

UPS Strategic Enterprise Fund, International Finance Corporation (IFC), Mercado Libre Fund, Tekton Ventures, FJ Labs, Performa Investimentos, Qualcomm Ventures, monashees, Icon Holdings Corp.

- 25,20

Genesis Group BrazilAgriculture, Agribusiness, Farming and Fishing; Inspection and Certification

Actis Private Shareholders -

Blue Telecom Brazil Telecommunications Claro Brasil (America Movil) Private Shareholders -

Truckpad BrazilTechnology; Internet; Transport, Aviation and Logistics

Daimler Benz - -

Benjamin Abrahão Brazil Food, Retail Innova Capital Peninsula

Participações -

Scup Brazil Technology, Internet Sprinklr Private Shareholders -

Direct Talk Brazil Technology Seekr - -

Blinks Brazil Technology, Fashion JWT Private Shareholders -

Dental Sorria Brazil Health Bunzl Private Shareholders -

F.biz Brazil Advertising WPP Group Private Shareholders -

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

BMA – BARBOSA MÜSSNICH ARAGÃO TTR ID | 3973

TEAMPaulo Cezar Aragão SENIOR PARTNER

Francisco Müssnich SENIOR PARTNER

Plínio Barbosa SENIOR PARTNER

Luiz Antonio Campos SENIOR PARTNER

Amir Bocayuva Cunha MANAGING PARTNER

ABOUT US

Founded in the 1990s, when Brazil was undergoing structural changes, BMA – Barbosa Müssnich Aragão was inspired by a mission to find innovative solutions that are legally viable 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 sophisticated solutions.

An active participant in the privatizations that took place in the 1990s, BMA had achieved a solid reputation and both national and international 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.

START OF ACTIVITY | 1995 N.º OF EMPLOYEES | 501-1000

CONTACTS

RIO DE JANEIRO

Largo do Ibam, 1Humaitá. CEP: 22271-070

EMAIL [email protected]

TELEPHONE +55 (21) 3824-5800

FAX +55 (21) 2262-5536

WEBSITE www.bmalaw.com.br

BRANCHES

SÃO PAULO Av. Pres. Juscelino Kubitschek, 1455, 10º andar – Itaim Bibi. CEP: 04543-011

TELEPHONE +55 (11) 2179-4600

FAX +55 (11) 2179-4597

BRASILIA SHS Quadra 6 - Conjunto A - Bloco E,19º andar - Complexo Brasil 21 – Asa Sul. CEP: 70316-902

TELEPHONE +55 (61) 3218-0300

FAX +55 (61) 3218-0315

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TRANSACTIONAL HIGHLIGHTS

Target Country Subsector Buyer Seller Value (BRLm)

Nextel Brasil Brazil Telecoms América Móvil NII Holdings, AI Brazil Holdings 3.453,61

JV Aviação Comercial Brazil Aerospace and

Aeronautical Embraer, Boeing Brasil - 15.790,37

CPFL Renováveis Brazil Electric Energy;

Biomass; Wind EnergyState Grid Brazil Power Participações Private Shareholders 4.100,00

Enel Distribuição São Paulo Brazil Electric Energy Enel Brasil

Investimentos Sudeste Private Shareholders 7.061,49

XP Investimentos Brazil

Financial 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

BMA’s experienced professionals know that a thorough understanding of our clients’ business objectives 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 ActionBMA 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 society. 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 LawyerBMA 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 WomanFollowing the worldwide movement toward women’s empowerment and a more balanced corporate 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 kicks off its activities 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.

BMA DiversityBMA’s Diversity program makes a point of sharing experiences with other law firms, and is committed to listening to all groups represented in today’s society. In this way, we believe that we can plan actions that will help eliminate prejudice in day-to-day interactions and create an environment that people can identify with.

PRACTICE AREAS · Bankruptcy, Business Restructuring and Insolvency

· Competition

· Corporate and M&A

· Business Crime

· Compliance, Investigations and Law Enforcement

· Digital and New Technologies

· Employment Law

· Environmental Law

· Finance and Capital Markets

· Infrastructure and Regulatory & Government Affairs

· Intellectual Property

· Litigation and Arbitration

· Real Estate

· Superior Courts

· Tax

· Wealth Management and Succession Planning

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

CÂNDIDO MARTINS ADVOGADOS TTR ID | 12468

TEAMHenrique Martins PARTNER [email protected]

Alamy Candido PARTNER [email protected]

Renata Simon PARTNER [email protected]

ABOUT US

Candido Martins Advogados is a Brazilian law firm focused on private equity and M&A transaction. Our lawyers are known for their analytical skills and their care when serving clients. While handling complex cases, our lawyers are focused on serving with innovation and addressing not only our clients’ immediate needs, but also their longer-term strategic goals.

Candido Martins Advogados’ team combines solid academic background with substantial legal experience. Our client base is comprised of private equity firms, family owned business and large corporations of any industry sectors.

We listen with commitment. We position ourselves with clarity. We make stories of success. Together with our clients.

A concern from Candido Martins is 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 relationships 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.

CONTACTS

SÃO PAULO Avenida Brigadeiro Faria Lima, 3311, 6th floor, 04538-133 São Paulo/SP - Brazil

TELEPHONE +55 (11) 5545 4010

EMAIL [email protected]

WEBSITE www.candidomartins.com.br

START OF ACTIVITY | August 2nd, 2010 N.º OF EMPLOYEES | 18 (15 lawyers and 3 administrative)

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PRACTICE AREAS

· Mergers and Acquisitions

· Private Equity

· Corporate consulting and contracts

· Due diligence

· Tax planning, consulting and litigation

· Foreign investments and international contracts

· Capital markets

· Compliance and corporate ethics

· Banking

INTERNATIONAL MEMBERSHIPS

· IBA, ABVCAP, LAVCA

AWARDS

· The Legal 500 Latin America

· IFLR 1000

· Latin American Corporate Counsel Association LACCA Approved (Henrique Martins)

· Análise Advocacia 500 (Renata Simon)

TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller Value

Galvani Indústria Brazil Agribusiness Yara Brasil Galvany family USD

70m

Starbucks in Brazil Brazil Food and

BeveragesSouthRock Capital and Private clients Private shareholders BRL

164,76m

Spray Farm do Brasil Brazil Agribusiness Qualyquímica

Indústria Private shareholders -

Agro Ferrari Brazil Agribusiness Agro Total Holding Private shareholders -

Laticínios São João Ltda Brazil Dairy products Agro Talent Private shareholders -

Alfa Distribuidora Brazil Veterinary Products VetBrs Saúde

Anaminal Private shareholders -

Hospital Especializado de Ribeirão Preto

Brazil Healthcare

São Lucas Ribeirânia (company member of the São Lucas Hospital Care Group)

Private shareholders -

Total Biotecnologia Brazil Fertilizers Biotrop Soluções

Biológicas Ltda. Private shareholders -

*Advised entities are written in bold.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

CESCON, BARRIEU, FLESCH & BARRETO ADVOGADOS TTR ID | 3495

TEAMMaria 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]

ABOUT US

We are the firm of choice for strategic transactions and disputes.

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.

CONTACTS

SÃO PAULO Rua Funchal, 418, 11º andarEdifício Etower04551-060 São Paulo, SP, Brazil

TELEPHONE +55 11 3089 6500

EMAIL [email protected]

WEBSITE www.cesconbarrieu.com.br

START OF ACTIVITY | 2001 N.º OF EMPLOYEES | 351 - 500

OTHER OFFICES

RIO DE JANEIRO

Praia do Botafogo, 228Conj. 1501, Ala A –Edifício Argentina.22250-906 Rio de Janeiro, RJ, Brazil

BRASÍLIA SH/SULSetor Hoteleiro Sul Quadra 06Conjunto A, Bloco A, Sala 50670316-102 Brasília, DF, Brazil

BELO HORIZONTE

Rua Antônio de Albuquerque,330 sala 1002Savassi 30112-010Belo Horizonte, MG, Brazil

SALVADOR Avenida Tancredo Neves, 620Conj. 1522 e 1523Edifício Mundo Plaza.Caminho das Árvores,41820-020 Salvador, BA, Brazil

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PRACTICE AREAS

· Antitrust

· Banking and Finance

· Capital Markets

· Compliance and Anticorruption

· Corporate Law and Governance

· Electric Power

· Environmental

· Fintechs

· Government Relations

· Infrastructure and Project Finance

· Bankruptcy and Restructuring

· Investment Funds

· Labor and Employment

· Litigation and Arbitration

· Mergers and Acquisitions

· Mining

· Oil & Gas

· Private Equity

· Real Estate

· Tax

· Technology and Intellectual Property

AWARDS & RECOGNITIONS

· Band 1 in M&A in Chambers and Partners for more than 5 years

· “Corporate Law Firm of the Year 2019” by IFLR

· BRL 460 billion in M&A transactions (2014-2018) by TTR

· Awarded "2018 Best Corporates in the Capital Markets" by Latin Finance, in the category "Best M&A Strategy", for the case of Suzano.

· Awarded "2018 Deal of the Year" by Latin Lawyer, in the category "Public Mergers and Acquisitions", for the case of Enel Americas.

· Awarded "2018 Deal of the Year" by Latin Finance, in the category "Cross-border M&A", for the case of Enel Americas.

TRANSACTIONAL HIGHLIGHTS*

Target Country Buyer Seller Value (BRLm)

Fibria Celulose Brazil Suzano Papel e Celulose Votorantim, BNDESPar 36.700,00

Eletropaulo Brazil Enel Brasil Investimentos Sudeste Private Shareholders 7.061,49

Intesa Brazil Equatorial Energia Eletrobras 280

CPFL Renováveis Brazil State Grid Brazil Power Participações Private Shareholders 4.100,00

Embraco Brazil Nidec Corporation Whirlpool Brasil 3.921,73

JV Totvs Vtex Brazil Totvs and Vtex - ND

Tempo Assist Brazil Swiss Re Direct Investments Company Carlyle (Global) ND

Arysta United States TPG, UPL and ADIA Platform Specialty Products 15.845,52

Smart Fit Brazil BPE Fit Holding and Patria Investimentos Private Shareholders 500

Internacional Shopping Guarulhos Brazil Gazit Brazil General Shopping Brazil 937

*Advised entities are written in bold.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

CHAMON SANTANA ADVOGADOS TTR ID | 126831

TEAMRicardo Chamon PARTNER [email protected]

Ester Santana PARTNER [email protected]

ABOUT US

We are a highly qualified law firm, specialized in tax law - consulting and litigation - corporate law, M&A and business structuring.

Our business vision, personal service and commitment to understanding our client´s businesses, history and culture in depth all demonstrate our unique approach of working very closely with our clients. We do not just handle cases, we are a partner for each client we represent.

PRACTICE AREAS

· Mergers and Acquisitions

· Structuring and Restructuring of Businesses

· Tax Law

· Corporate and Contractual Law

AWARDS

LEGAL 500

CONTACTS

SÃO PAULO Av Presidente Juscelino Kubitschek, 2041, Andar 18 Torre D04.543-011 Vila Nova ConceiçãoSão Paulo, São Paulo, Brazil

TELEPHONE +55 11 4800-4477

EMAIL [email protected]

WEBSITE www.csalaw.adv.br

START OF ACTIVITY | October 2016 N.º OF EMPLOYEES | 30

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TRANSACTIONAL HIGHLIGHTS

Target Country Subsector Buyer Seller Value (BRLm)

O2/SMARTFIT Brazil Sports and Leisure

Patria Investimentos Grupo O DOS 110

REPET NORDESTE Brazil Recycling Industry Globalpack Unnafibras 18

Empreendimento Comercial Faria Lima Brazil Real Estate Lugano Bolsa de Imóveis 100

Confidential Brazil Tech Confidential Confidential 10

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

COELHO & DALLE ADVOGADOS TTR ID | 72427

ABOUT US

Founded in 2007, our work is based on the highest ethical and technical standards, providing personalized services to our clients.

Our team has an extensive professional experience in various legal practices, especially in transactions, representing companies from different business sectors.

The firm´s branch in São Paulo offers close support to companies that have business in the South and Southeast regions of Brazil. We also advise companies at national and international levels in English, Spanish, Italian, French and German, and also in administrative and judicial proceedings from the first instance to the higher courts.

START OF ACTIVITY | 10/02/2007 N.º OF EMPLOYEES | 51

TEAMEduardo Coelho [email protected]

Ricardo Dalle [email protected]

Kelma Collier [email protected]

Pollyanna Verissímo [email protected]

Thiago Jacobovitz [email protected]

Ana Carolina Lessa

[email protected]

Márcia Dias [email protected]

CONTACTS

RECIFE Av. República do Líbano, 251, 22º andar - salas 2203 and 2204 Riomar Trade Center - Torre B Pina - Recife - PE - 51.110-160

TELEPHONE +55 81 3221 0699

EMAIL [email protected]

SÃO PAULO Rua das Olimpiadas, 205, 4º andar, Empresarial Continental Square, Vila Olímpia - São Paulo - SP CEP: 04551-000

TELEPHONE + 55 11 3728-7000

WEBSITE www.coelhodalle.com.br

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PRACTICE AREAS

Corporate Law, State Law, Tax Law, Labor Law, Real Estate Law, Civil Law, Intellectual Property and Mergers and Acquisitions are our most outstanding practices.

TRANSACTIONAL HIGHLIGHTS

Target Country Subsector Buyer Seller

SDM Nordeste Brazil Tourism, Hotels and Restaurants Nordeste III FIP Private

Shareholders

Empresa de Transportes Nossa Senhora da Conceição

Brazil Transport, Aviation and Logistics Private Shareholders I

DES - Participações e Investimentos

Concept Representação Comercial de Alimentos, Açaí Concept Franchising Licenciamento de Franquias

Brazil Food and Beverage MC Investimentos e Participações

Private Shareholders

RENOVE PE Tratamento de Resíduos Brazil Waste Management,

Pollution and RecyclingAFC Soluções Ambientais

Private Shareholders

Estaf Equipamentos Brazil Transport, Aviation and Logistics Private Shareholders I Nordeste II FIP

CBR - Comércio Brasileiro de Recicláveis Brazil

Waste Management, Pollution and Recycling; Glass, Ceramic, Paper, Plastics, Wood and Timber

AFC Soluções Ambientais

Private Shareholders

REMADE Brazil

Waste Management, Pollution and Recycling; Glass, Ceramic, Paper, Plastics, Wood and Timber

CBR - Comércio Brasileiro de Recicláveis, AFC Soluções Ambientais

-

Suape Granéis do Nordeste Brazil Steel, Metallurgy and

Industrial Production

Agemar Empreendimentos e Participações

Cimento Tupi

For Make Up BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics

Nordeste III FIP Private Shareholders

Laboratorios Gilson Cidrim Brazil

Healthcare, Hygiene, Medical Aesthetics and Cosmetics

DASA Private Shareholders

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

COIMBRA & CHAVES ADVOGADOS TTR ID | 12468

TEAMPaula Andrade R. Chaves PARTNER [email protected]

Paulo Roberto Coimbra Silva PARTNER [email protected]

Eugênia Aguiar Siqueira PARTNER [email protected]

Michael Lund CONSULTANT [email protected]

Loni Melillo Cardoso ASSOCIATE [email protected]

Rayssa Thainá M. Dolabella ASSOCIATE [email protected]

Nathália Milagres Mendes ASSOCIATE [email protected]

Fabiano de Almeida Rodrigues PARTNER [email protected]

Alice de Abreu Lima Jorge PARTNER [email protected]

Maurício Saraiva Chagas PARTNER [email protected]

ABOUT US

Coimbra & Chaves maintains an advanced concept in legal consulting, marked by a deep and broad specialization in Tax and Corporate Law (M&A, Corporate Law and Governance, Venture Capital/Private Equity and Contracts). This differential is reflected in our detailed care for clients legal and business issues. Based on an environment of innovation, CCA is on a constant search for new products and delivery methods, offering intelligent solutions and making business deals happen.

START OF ACTIVITY | 2012 N.º OF EMPLOYEES | A team of 80 professionals, including 7 partners and 25 associates

CONTACTS

SÃO PAULO Rua Santa Rita Durão, 1143 8º, 9º, 13º e 14º andares, Funcionários 30140-111, Belo Horizonte Minas Gerais

EMAIL [email protected]

TELEPHONE +55 31 25131900

WEBSITE www.coimbrachaves.com.br

BRANCHES

SÃO PAULO Av. Pres. Juscelino Kubitschek, 2041, Torre D, 15º andar, Vila Nova Conceição 04543-011, São Paulo - SP

TELEPHONE +55 11 4210-1900

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The firm prides itself of having an international DNA. Our team members communicate in more than 7 languages and our International Business Desk provides our clients with support and consulting services in the areas of international investments and other cross-border transactions.

Our Firm has an ample and structured network of allied and correspondent law firms both in Brazil and abroad. CCA is also a founder-member of the largest and most prestigious law firm alliance on the continent, ALAE, with more than 35 members in 27 Brazilian states and 7 countries throughout Latin America. These networks and alliances provide us with a strong basis for providing our clients with global legal services.

PRACTICE AREAS

· M&A

· Venture Capital/Private Equity

· Corporate Law and Governance

· Contracts

· Real Estate

· Tax Law

· Labor and Employment Law

· Litigation

AWARDS

Ranked by Chambers & Partners Latin America, Legal 500 Latin America, IFLR1000, and Análise Advocacia 500

TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller Value (BRLm)

Anglo American Minério de Ferro Brasil S.A.

Brazil Minning Herculano Mineração Ltda.Anglo American Minério de Ferro Brasil S.A.

Confidential

Easy Food do Brasil S.A. Brazil Education/

Technology

Kviv Ventures Fundo de Investimento em Participações Multiestratégia Investimento no Exterior

Private Shareholders 5,00

Resale Tecnologia de Serviços S.A. Brazil Real Estate/

Technology

Fundo de Investimento em Participações Development Fund Warehouse

Private Shareholders Confidential

Hands Digital S.A. Brazil Adversiting/Technology

Fundo de Investimento em Participações Avanti Multiestratégia

Private Shareholders 12.8

Grupo Vida; Grupo Vitarelli; Grupo Santana; Grupo Curvelana

Brazil Funeral Companhia Brasileira de Planos Funerários S.A.

Private Shareholders 20.3

*Advised entities are written in bold.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

COUTINHO, LACERDA, ROCHA, DINIZ & ADVOGADOS ASSOCIADOS TTR ID | 9074

TEAMAci Coutinho FOUNDER [email protected]

Alexandre Lacerda FOUNDER [email protected]

Aline Coutinho PARTNER [email protected]

José Márcio Diniz Filho PARTNER [email protected]

Valéria Rocha da Costa PARTNER [email protected]

ABOUT US

Founded in 1990, CLRD is a business office that, through its areas of expertise, proposes to provide tailor-made legal services, with the highest standard of quality and excellence, with the main escope of raising our clients to levels performance, whether in the field of ownership, management, or family.

Throughout its 30-year history, CLRD has established itself as an innovative and aggregating vision office, but above all, it is a collaborator of its client.

CONTACTS

BELO HORIZONTE

Rua dos Inconfidentes nº 911, Funcionários – Belo Horizonte, MG

EMAIL [email protected]

TELEPHONE (31) 3269-5900

WEBSITE www.clrd.adv.br

START OF ACTIVITY | 01/06/1990

BRANCHES

BRASÍLIA Bloco A, Lote 09/10 nº 505 Edificio Victoria Office – Brasilia – DF

TELEPHONE (61)3247-2600

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TRANSACTIONAL HIGHLIGHTS

Target Country Subsector Buyer Seller Value (BRLm)

Sabin Medicina Diagnóstica S.A.

Brazil Diagnostic Medicine

Sabin Medicina Diagnóstica S.A. Laboratório Santo Antônio N/A

Sabin Medicina Diagnóstica S.A.

Brazil Diagnostic Medicine

Sabin Medicina Diagnóstica S.A. Ra Radiologia Ltda N/A

Sabin Medicina Diagnóstica S.A.

Brazil Diagnostic Medicine

Sabin Medicina Diagnóstica S.A. Ultracron N/A

Sabin Medicina Diagnóstica S.A.

Brazil Diagnostic Medicine

Sabin Medicina Diagnóstica S.A. Laboratório Trindade N/A

Sabin Medicina Diagnóstica S.A.

Brazil Diagnostic Medicine

Sabin Medicina Diagnóstica S.A.

Laboratório Bioclínico Porto Ltda - Me - Laboratório Médico São Clemente Ltda - EPP

N/A

PRACTICE AREAS

· Compliance and Corporate Ethics

· Litigation, Prevention and Conflict Resolution

· Business Contracts

· Investment Funds

· Mergers and acquisitions

· Asset Management, Family and Inheritance

· Credit Restructuring and Recovery

· Joint Ventures and Strategic Alliances

· Life Sciences and Health

· Payment options

· Capital market

· Real Estate Operations

· Private Equity

· Financial Projects

· Data Protection

· Credit recovery

· Corporate

· Succession and Estate Planning

· Tax

AWARDS

· Análise 500 – 2013

· Análise 500 – 2017

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

COUTO SILVA ADVOGADOS TTR ID | 25088

TEAMAlexandre Couto Silva PARTNER [email protected]

Mario Roballo PARTNER [email protected]

Alexandre Mellão CONSULTANT [email protected]

Riva Davia ASSOCIATE [email protected]

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 personalized 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, entertainment, and retail.

AWARDS

· Corporate M&A Law – LACCA 2019

· Labor Law – LACCA 2019

· Litigation – LACCA 2019

· M&A Law – Global Law Experts

· M&A Deal of the Year in Brazil – Corporate INTL Global Awards Winner 2018

· Brazil Deal of the Year – The M&A Atlas Awards Global M&A Network

· Lawyer of the Year – The M&A Atlas Awards Global M&A Network

CONTACTS

RIO DE JANEIRO

Av. Niemeyer, 2, S. 203 - Leblon CEP 22450-220 - Rio de Janeiro - RJ

EMAIL [email protected]

TELEPHONE + 55 21 2529.0650

WEBSITE www.coutosilva.com.br

START OF ACTIVITY | 2012

BRANCHES

SÃO PAULO Av. Brigadeiro Faria Lima, 3144 3º andar - Jardim Paulistano CEP 01451-001 - São Paulo - SP

TELEPHONE + 55 11 3568.2805

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TRANSACTIONAL HIGHLIGHTS

Target Country Subsector Buyer Seller Value (BRLm)

Loop Gestão de Pátios S.A. Brazil Parking lots and

Technologies Webmotors S.A.Allpark Empreendimentos, Participações e Serviços S.A. (Estapar)

50

Cinesystem Brazil Cinema Cinesystem S.A.Bombocine Rio Comércio de Alimentos S.A. and Redecine Rio Cinematográfica S.A.

10

PRACTICE AREAS

Corporate LawCOUTO SILVA ADVOGADOS advises companies and entrepreneurs in various corporate law issues, including corporate reorganizations, drafting and negotiation of contracts, as well as drafting corporate documents, for public companies, private corporations, or limited partnerships.

Mergers and AcquisitionCOUTO SILVA ADVOGADOS’s focus is mergers 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 agreements, until the closing of the transaction and approval by governmental authorities.

Administrative LawCOUTO SILVA ADVOGADOS is prepared to provide legal advice on administrative law matters, with especial emphasis on public contracts, public consortia, public concessions and public-private partnerships, bids, expropriations, administrative prosecution, among others.

Tax LawCOUTO 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 municipal tax incentives, mapping of tax incidences, and tax litigation with tax authorities.

Real Estate M&ACOUTO 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 properties through M&A transactions, private equity, corporate restructurings and joint ventures.

Capital MarketsCOUTO SILVA ADVOGADOS advises public companies and institutional investors on issuance of securities, capital raising, preparation of Public Offerings, structuring of investment funds, debt restructuring, project financing, representation in administrative proceedings before the Brazilian Securities Exchange Commission (CVM), “Conselhinho” (CRSFN), and Brazilian Central Bank (BACEN).

Conflict ResolutionThe litigation practice of COUTO SILVA ADVOGADOS advises clients on business and non-business litigation, as well as on prevention and amicable resolution of disputes, with capability to carry out complex negotiations and arbitrations. COUTO SILVA ADVOGADOS aims to protect clients’ interests and objectives.

Labor LawThe firm provides labor law advice to prevent litigation 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.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

DEMAREST ADVOGADOS TTR ID | 2760

TEAMAna Carolina Botto Audi PARTNER [email protected]

André Alarcon PARTNER [email protected]

Edimara Iansen Wieczorek PARTNER [email protected]

Guilherme Vieira da Silva PARTNER [email protected]

João Paulo Minetto PARTNER [email protected]

Joyl Gondim PARTNER [email protected]

Maria Lucia de Almeida Prado e Silva PARTNER [email protected]

Thereza Maria Sarfert Franco Montoro PARTNER [email protected]

Thiago Rodrigues Maia PARTNER [email protected]

Andoni Hernández PARTNER [email protected]

Gabriel Ricardo Kuznietz PARTNER [email protected]

Gonçalo Godinho PARTNER [email protected]

João Luis de Almeida PARTNER [email protected]

José Setti Diaz PARTNER [email protected]

Lucas Tavares Bueno PARTNER [email protected]

Luciana Cossermelli Tornovsky PARTNER [email protected]

Paulo Coelho da Rocha PARTNER [email protected]

Thiago Giantomassi PARTNER [email protected]

Thiago Sandim PARTNER [email protected]

ABOUT US

Demarest is one of the most renowned law firms in Brazil and ranks among the largest firms in Latin America. Throughout its history, providing services in the most diverse practice areas of law, Demarest has always maintained a commitment to providing legal services of the highest standards of quality and excellence.

CONTACTS

SÃO PAULO

Avenida Pedroso de Morais, 1201 – São Paulo, SP

EMAIL [email protected]

TELEPHONE +55 11 3356 1800

WEBSITE www.demarest.com.br

START OF ACTIVITY | 1940 N.º OF EMPLOYEES | 690

RIO DE JANEIRO

Praia do Flamengo, 200, 15º andar Rio de Janeiro, RJ

TELEPHONE +55 21 3723 9800

BRASÍLIA Ed. General Alencastro SEPS, EQ 702/902, 4th floor, Block B Brasília, DF

TELEPHONE +55 61 3243 1150

NEW YORK 375 Park Avenue – New York, NY36th floor

TELEPHONE +1 212 371 9191

CAMPINAS Av. Dr. José Bonifácio Coutinho Nogueira, 150, 4th floor Campinas, SP

TELEPHONE +55 19 3123 4300

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PRACTICE AREAS

Demarest is a full service firm, able to provide legal assistance comprising all the areas related to corporate law.

INTERNATIONAL MEMBERSHIPS

Lex Mundi, Interlex, Employment Legal Alliance

AWARDS

· Chambers & Partners: Brazil Client Service Law Firm of the Year in 2018

· IFLR1000 2019: America's Project Finance Deal of the Year · Latin Lawyer Elite 2018: Elected one of the Elite Firms in Brazil · International Legal Alliance Summit & Awards (ILASA) 2019: Best Brazilian Law Firm, M&A category

TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller Value (USDm)

Ascenty Brazil Telecommunications; Technology

Stellar Participações (Digital Realty)

Great Hill Partners 2.025,00

Ocean Rig Cayman Islands Oil and Gas Transocean - 2.700,00

Wabtec Corporation, GE Transportation

United States

Technology; Transports, Aviation and Logistics - - 2.900,00

Ale Combustíveis Brazil Distribution and Retail Glencore

Grupo Asamar, Darby Private Equity, Sat Participações

412,31

DSM Sinochem Pharmaceuticals (DSP)

Netherlands Life Sciences; Distribution and Retail Bain Capital

Private Shareholders Netherlands

440,00

Concessão Rodoviária Minas Gerais

Brazil HighwaysEcoRodovias Concessões e Serviços

- 634,87

Samsung Bioepis South Korea Life Sciences Biogen Samsung BioLogics 700,00

Surgical and Infection Prevention Business

United States Health Owens & Minor Halyard Health 710,00

Bloco Titã Brazil Oil and GasQPI Brasil Petróleo, ExxonMobil Brasil

ANP 782,43

Bloco Exploratório C-M-753, Bloco Exploratório C-M-789

Brazil Oil and Gas

ExxonMobil Exploração Brasil, QPI Brasil Petróleo, Petrobras

ANP 949,53

*Advised entities are written in bold.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

DIAS CARNEIRO ADVOGADOS TTR ID | 2216

TEAMHenrique Dias Carneiro PARTNER [email protected]

Artur Fernandes Andrezo PARTNER [email protected]

Eduardo Turkienicz PARTNER [email protected]

Eduardo Zilberberg PARTNER [email protected]

Gustavo Junqueira PARTNER [email protected]

Paulo Leme PARTNER [email protected]

Thiago Vallandro Flores PARTNER [email protected]

ABOUT US

With almost two decades of existence, Dias Carneiro is an internationally minded, full-service law firm. Our work covers a wide range of practices in a coordinated and integrated manner that enables us to identify trends and opportunities on Brazil's fast growing market.

We advise international and domestic companies across all the key industry sectors, such as telecommunications, media, technology, aviation, chemicals, financial services, energy and infrastructure, among others.

Our team is well-known for its sophisticated approach – that combines the technical knowledge and business-oriented vision of the partners with the transforming dynamism of the associates – and its award-winning ability to offer effective and tailor-made solutions to a broad scale of legal needs.

Over the years, we have developed a solid track record of high-value cross-border matters, also strengthening our long-standing institutional relationships with some of the most prestigious law firms around the globe.

CONTACTS

SÃO PAULO Avenida Paulista 1079 – 5º andarSão Paulo, SP01311-200

TELEPHONE +55 11 3087 2100

EMAIL [email protected]

WEBSITE www.diascarneiro.com.br

START OF ACTIVITY | 2002 N.º OF EMPLOYEES | 100, including 15 partners

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PRACTICE AREAS

· Anti-corruption, compliance and internal investigations

· Antitrust

· Commercial agreements

· Corporate, mergers and acquisitions

· Data protection and privacy

· Debt restructuring and insolvency

· Digital law and technology

· Dispute resolution, civil litigation and arbitration

· Environmental

· Franchise and distribution

· Intellectual property and entertainment

· Labor, social security and immigration law

· Project finance, credit operations, banking law and capital markets

· Public law, regulatory and infrastructure

· Real estate

· Tax

· Venture capital and startups

AWARDS

Our work across the range of practice areas in corporate law is regularly recognized by the most prestigious national and international legal publications and rankings, such as Chambers Latin America and Global, IFLR1000, Latin Lawyer, LACCA, Leaders League and International Tax Review.

TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller Value (BRLm)

Textlog Brazil Transports, Aviation and Logistics

Sequoia Logística e Transportes Private Shareholders Brazil ND

Venco Saúde Animal Brazil

Pharmaceutical, Parapharmaceutical and Cosmetics

Dechra Private Shareholders 185,00

MasterDoc Brazil Technology and Telecoms Nibo MasterDoc Sistemas ND

Adianta Brazil Financial and Insurance

42K Investimentos – 8,00

Zenvia (Unidade de Carrier Billing)

Brazil Technology and Telecoms Syntonic Zenvia 19,90

Hi Technologies BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics

Monashees Capital – 14,70

Portfólio de Projetos Eólicos Brazil Electric Energy Echoenergia Voltalia ND

Companhia Sulamericana de Cerâmica

Brazil Distribution and Retail Eternit

Compañia Colombiana De Ceramica / Organización Corona

ND

SEG Automotive Germany Germany Financial and

Insurance

Zhengzhou Coal Mining Machinery Group

Bosch ND

DeBetti Comercio de Carnes

Brazil Food and Beverage DCP Participações Private Shareholders ND

*Advised entities are written in bold.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

EDUARDO MENNA BARRETO SOCIEDADE DE ADVOGADOS TTR ID | 72059

TEAMEduardo Menna Barreto PARTNER [email protected]

Iago Couto Nery ASSOCIATE [email protected]

Mariana Krmayr Ceridono ASSOCIATE [email protected]

Camila Cortez Cazetta ASSOCIATE [email protected]

Catharina Ferreira Carvalho ASSOCIATE [email protected]

Gabriela dos Santos Castilho ASSOCIATE [email protected]

Isabella Maciel Guimarães ASSOCIATE [email protected]

Natália Gonçalves Coelho ASSOCIATE [email protected]

Tálita Paola Brito Barreto ASSOCIATE [email protected]

Gustavo DeGelo ASSOCIATE [email protected]

Giovanna Vidonscky Luthold ASSOCIATE [email protected]

ABOUT US

Eduardo Menna Barreto Law Firm is a dynamic and modern law firm dedicated to provide services to national and international companies.

We are highly specialized in various areas of practice with advanced knowledge in complementary areas such as accounting, finance and negotiations.

Our clients are from various sectors of the market, such as investors, builders and developers, infrastructure, defense, sanitation, financial institutions and investment funds, technology companies, startups, logistics, outsourcing, factories, companies operating in the areas of food and agriculture, and the automotive industry, as well as nonprofit organizations.

· Assistance in the formation of businesses including M & A, drafting, review and negotiation of contracts, memorandum of understanding, investment agreements, letters of intent, confidentiality agreements, non-compete commitments, declarations, contracts for the purchase of goods, distribution, commercial representation, sale of a business establishment, assignment of rights and assets, franchising, licensing, industrialization to order, operation and maintenance (O & M), provision of services, among others;

START OF ACTIVITY | 01/06/2010 N.º OF EMPLOYEES | 11

CONTACTS

SÃO PAULO Av. São Gabriel, nº 477, 4º andar, cj. 41. Itaim Bibi, São Paulo/SP Brazil

TELEPHONE +55 11 3031.5004

EMAIL [email protected]

WEBSITE https://embsa.com.br

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TRANSACTIONAL HIGHLIGHTS

Target Country Subsector Buyer Seller Value

MD.OITO Projetos e Consultoria Ltda. Brazil Real Estate MD.OITO Projetos

e Consultoria Ltda. Rodolfo Lowndes USD 1.804.000

Algetec Tecnologia Industria e Comercio Ltda.

Brazil Technology Company

Quatier Participacoes S.A.

Vinicius do Rego Dias and Genisson Silva Coutinho

USD 1.941.750

Marina Beatriz Flores Schiavon Brazil Individual

Person Luiz Flores Genisson Silva Coutinho USD 6.157.000

El Pescador Ltda. Brazil Technology Company Knwbe4 NL, BV

Tempest Servicos de Informatica S.A. / Marina Flores

USD 2.427.185

· Assistance to companies in financial difficulty, with the elaboration and implementation of a debt restructuring plan, including negotiation with creditors and debtors, review of contracts, extrajudicial recovery, judicial recovery, and bankruptcy, with the representation of the company in court and the filing actions and resources.

· Advice and representation of investors, creditors, group of creditors, partners and shareholders of companies in financial difficulty, in defense of their interests. Protection of partners' assets and recovery of credits, including advice to investors and financial institutions interested in lending and financing to said company and in legal matters related to bankruptcy, judicial or extrajudicial recovery, such as the risks of succession, liability of shareholders / managers and administrators, classification of credits subjected or excluded, effects, sale of assets, among others .

· Assistance in the acquisition of assets and rights of companies in financial difficulty or that are in extrajudicial / judicial recovery or incorporate a bankruptcy, including evaluation of the risks involved and legal structuring of the transaction, preparation of the instruments and contracts, negotiation with parties involved and participation in creditors' meetings for their approval, as well as structuring a recovery plan to enable the structuring of the business.

PRACTICE AREAS

· Business combination and Debt Stucturing

· Real Estate Law

· Labor Relations Planning

· Public Law and Infrastructure

· Tax Law

· Strategic Litigation

· Wealth Management

· Risk Prevention and Compliance

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

FAGUNDES PAGLIARO ADVOGADOS TTR ID | 35858

TEAMBruno 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]

ABOUT US

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), Compliance, 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 consolidated 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.

CONTACTS

SÃO PAULO Rua Gomes de Carvalho, 1629, 15º andar, CEP 04547-006 Vila Olímpia, São Paulo/ SP

TELEPHONE +55 11 3053-0353

EMAIL [email protected]

WEBSITE www.fplaw.com.br

START OF ACTIVITY | 31/05/1996 N.º OF EMPLOYEES | 15

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PRACTICE AREAS

· Agribusiness

· Brazilian Central Bank

· Contracts

· Real Estate

· Corporate

· Tax Advisory

· Tax Litigation

· Mergers & Acquisitions

· Compliance

· Financial Market

· Wealth Management

· Private Equity and Venture Capital

INTERNATIONAL MEMBERSHIPS

· CCFB (France-Brazil Chamber of Commerce)

· CCBC (Brazil-Canada Chamber of Commerce)

· IBEF (Instituto Brasileiro de Executivos de Finanças)

AWARDS

· IFLR 1000 – Recommended Firm 2019 · Análise Advocacia - Most Admired Lawyers and Law Office 2018

TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller

Alko do Brasil Indústria e Comércio Ltda. Brazil Industry Charles River Alko’s assets (Microbial

Solutions)

Agrinvest Brasil Brazil Agricultural Coomodities BROOKFIELD Group Agrinvest Brasil

Momento Engenharia Ambiental Brazil Enviroment

Enginering VEOLIA GroupShareholders of MOMENTO ENGENHARIA AMBIENTAL S.A

Agrinvest Brasil S.A Brazil Agricultural Commodities

Sierentz Agro Sàrl e Sierentz Agro Brasil Participações Ltda.

Touchet Fiance LLC

Usina Serra do Caiapó S.A. Brazil Agribusiness - Group's agricultural

activities

Apavel Veículos Brazil Automotive Tracbel Empreendimentos e Participações Apavel Veículos

*Advised entities are written in bold.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

FAVERET LAMPERT ADVOGADOS TTR ID | 125574

TEAM

Jose Roberto Faveret Cavalcanti SENIOR PARTNER [email protected]

Claudio Lampert SENIOR PARTNER [email protected]

João Felipe B. Sartini PARTNER [email protected]

Rafael Tepedino de Figueiredo PARTNER [email protected]

Mariana Meneghetti PARTNER [email protected]

Rodrigo Tavares Maciel PARTNER [email protected]

ABOUT US

Founded in 2016, Faveret | Lampert is a law firm formed by some of the most experienced lawyers in the Brazilian infrastructure field, notably in the oil and gas and energy sectors. The firm is a legal boutique that provides services to some of the largest companies in Brazil. Its clients benefit from the direct and continuous participation of the partners in the work and from the experience that they have gained by being involved in some of the most complex cases, transactions and projects in the last decades in Brazil.

The firm represents clients in various types of M&A transactions (buyers and sellers), from origination, due diligence process and negotiation to documentation and closing, and when necessary, to enforcement of remedies of procedures and agreements for workout and reorganization.

CONTACTS

CENTRO Rio Branco Avenue, no. 134, 1 4th floor, Centro, Rio de Janeiro, RJ, Brazil

TELEPHONE +55 21 3031.8448

WEBSITE www.ftlt.com.br

START OF ACTIVITY | May 3rd, 2016 N.º OF EMPLOYEES | 25 – 30

BRANCHES

IPANEMA Visconde de Pirajá Street, no. 572, 7th floor, Ipanema, Rio de Janeiro, RJ, Brazil

TELEPHONE +55 21 2042.1995

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PRACTICE AREAS

· Infrastructure

· Energy

· Construction

· Corporate/M&A

· Private Equity/Venture Capital

· Tax

· Administrative/Public Law

· Litigation

· Compliance

· Mining

· Restructuring/Insolvency.

AWARDS

Faveret Lampert Advogados and its lawyers are recognized by the most important national and international organizations, such as Chambers & Partners, Who's Who Legal, Advocacia 500, LACCA, among others.

TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller Value (BRLm)

Arpoador Drilling, Urca Drilling, Guarapari Drilling and Frade Drilling

Netherlands Oil&Gas Magni Partners Sete Brasil Participações S.A. 4.000

Frade Drilling and Portogalo Drilling Netherlands Oil&Gas Sete International

One GmbHPrivate Shareholders N/A

Galvani Brazil Mining Yara Private Shareholders 280

Grammer Germany Automotive Ningbo Jifeng Private Shareholders N/A

*Advised entities are written in bold.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

FELSBERG ADVOGADOS TTR ID | 7591

TEAM

Thomas Felsberg Founding and Managing Partner, Restructuring [email protected]

Maria da Graça Pedretti Founding-partner, Banking and Project Financing [email protected]

Claudia Maniaci Corporate/M&A [email protected]

Miriam Machado Corporate/M&A, Media & Entertainment [email protected]

João Carlos Mendonça Corporate/M&A, Private Equity [email protected]

Evy Marques Corporate/M&A, Innovation, Startups and Venture Capital [email protected]

Maria Carolina Guazzelli Corporate/M&A, Fashion Law [email protected]

Renato Brandão Corporate/M&A, Distressed M&A [email protected]

Fernanda Amaral Capital Markets, Real Estate [email protected]

Paula Salles Competition/Antitrust [email protected]

Luis Menezes Projects & Infrastructure, Oil & Gas [email protected]

Rodrigo Bertoccelli Projects & Infrastructure, Sanitation  [email protected]

ABOUT US

Felsberg Advogados is a full-service law firm with experience in sophisticated and complex business transactions, such as privatizations, project financing, corporate restructurings, mergers and acquisitions and capital markets, as well as high-profile litigation and consultancy matters.

CONTACTS

SÃO PAULO Avenida Cidade Jardim, 803 5º andar. São Paulo, SP

EMAIL [email protected]

TELEPHONE +55 11 3141-9100

WEBSITE www.felsberg.com.br

START OF ACTIVITY | 1970 N.º OF LAWYERS | 105 N.º OF PARTNERS | 25

BRANCHES

RIO DE JANEIRO

Praça Floriano, 19 - 15º andarRio de Janeiro, RJ

TELEPHONE +55 21 2156-7500

BRASÍLIA SHS, Qd. 06, Complexo Brasil 21, Bl E, Sl 1508/09 - Asa Sul. Brasília, DF

TELEPHONE +55 61 3039-8490

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TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller Value (BRLm)

Cepisa Brazil Energy Equatorial Energia Eletrobras 720,5

CEAL Brazil Energy Equatorial Energia Eletrobras 600,5

Amazonas Distribuidora Brazil Energy consortium Oliveira

Energia - Atem Eletrobras 491,5

Probiótica Brazil Life Sciences Supley Bausch Health / Valeant Pharmaceuticals Confidential

L’s Rentals (Let’s Rent a Car, Salute, and Valoriza)

Brazil Mobility / Car rental Vix Logística Grupo Morada Confidential

Imóvel Barra Brazil Real Estate UBS BR Properties 264,00

Ceron Brazil Energy Energisa Eletrobras 254

Eletroacre Brazil Energy Energisa Eletrobras 239

Boa Vista Energia Brazil Energy Oliveira Energia – Atem consortium Eletrobras 176

Oppa Design Brazil Internet,; Private Equity

Meu Móvel de Madeira

Monashees, Kaszek Ventures, Thrive Capital, Valar Ventures Confidential

*Advised entities are written in bold.

Founded in 1970, Felsberg Advogados is one of the most prominent and innovative Brazilian law firms. The firm was the first to implement and develop the Bankruptcy/Restructuring & Insolvency, Project Finance and Aviation Finance practices in Brazil.

Whilst continually improving the firm’s core practices, it keeps both eyes on the future, paving the way for new practice areas such as the unparalleled Technology, Innovation & Start-ups and Data Protection practices.

Well-known for its work in local and global disputes and transactions, Felsberg Advogados has an in-depth understanding of different legal cultures and regulatory environments in other countries.

DIVERSITY: Felsberg Advogados supports the inclusion of all people regardless of gender, race, religion or sexual orientation. In relation to gender, women make up 54% of the firm’s legal team – including partners..

PRACTICE AREAS

· Arbitration, Litigation and Mediation,

· Banking & Finance

· Bankruptcy/Restructuring & Insolvency

· Capital Markets

· Competition/Antitrust

· Compliance

· Contracts

· Corporate/M&A

· Data Protection

· Energy/Power

· Environmental

· Fashion Law

· Intellectual Property

· Investment Funds, Private Equity & Venture Capital

· Labour, Employment & Immigration

· Oil & Gas

· Projects & Infrastructure

· Public law & Regulatory

· Real Estate & REIT

· Sanitation

· Tax

· Technology, Innovation & Startups

· Telecommunications

· Transport & Shipping

· White-Collar Crime

INTERNATIONAL MEMBERSHIPS

Meritas, Legalink

AWARDS

2019: Deal of the Year Award - Latin Lawyer and IFLR, GRR Lifetime Achievement Award.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

HAPNER KROETZ ADVOGADOS TTR ID | 17322

TEAMCarlos Eduardo Manfredini Hapner SENIOR PARTNER [email protected]

Tarcísio Araujo Kroetz SENIOR PARTNER [email protected]

Rodrigo Costenaro Cavali PARTNER [email protected]

Fabio Artigas Grillo PARTNER [email protected]

Fabiola Pollatti Cordeiro PARTNER [email protected]

Ana Paula Kroetz de Oliveira SENIOR ASSOCIATE [email protected]

Anne Caroline Marciquevik Alves SENIOR ASSOCIATE [email protected]

Ana Paula de Mattos Pessoa Ribeiro SENIOR ASSOCIATE [email protected]

Christiany Scarton ASSOCIATE [email protected]

Roberto Ramos Bacellar ASSOCIATE [email protected]

ABOUT US

Hapner Kroetz is one of the Brazil’s south region leading law firms and has over 40 lawyers and consultants. 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 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.

CONTACTS

CURITIBA Rua Lysimaco Ferreira da Costa, 8080530-100. Curitiba, PR

TELEPHONE +55 41 2106 7900

EMAIL [email protected]

WEBSITE www.hapnerkroetz.com.br

START OF ACTIVITY | 1994 N.º OF EMPLOYEES | 101-200

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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, infrastructure 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.

TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller Value (BRLm)

Granotec do Brasil Nutrição e Biotecnologia

Brazil Food Industry Corbion Private Shareholders and Inversiones Queencorp 178,00

Agres Sistemas Eletrônicos Brazil Agricultural

Technology Tecomec Private Shareholders ND

Itabira Participações Brazil Forestry Berneck Painéis e Serrados

Frederico Gerdau Johannpeter, Germano Gerdau Johannpeter, Jorge Gerdau Johannpeter and Klaus Gerdau Jonannpeter

ND

Stora Enso Arapoti Brazil Pulp and Paper BO Paper Stora Enso and Arauco 59,67

Norske Skog Pisa Brazil Pulp and Paper BO Paper Norske Skogindustrier 185,06

Rondinha Energética Brazil Energy FIP Pirineus Atlantic Energias Renováveis ND

Trade Energy Brazil Energy Tradener Private Shareholders 11,00

Mobasa Brazil Forestry Rio Negrinho Participações

Battistella Indústria e Comércio 175,00

Florestal Vale do Corisco Brazil Forestry Centaurus

Holding

UBS Sedco Sharia Timber Investors Jaguar and Global Timber Investors Jaguar

843,03

Norske Skog Florestal Brazil Forestry Florestal Aliança Norske Skog Pisa 100,00

*Advised entities are written in bold.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

KLA ADVOGADOS TTR ID | 5276

TEAMKarin Alvo CORPORATE AND M&A PARTNER [email protected]

Mariana Cortez CORPORATE AND M&A PARTNER [email protected]

Tania Liberman CORPORATE AND M&A PARTNER [email protected]

Luiz Filipe Aranha CORPORATE AND M&A PARTNER [email protected]

Melissa Kanô CORPORATE AND M&A PARTNER [email protected]

Fernanda Levy CORPORATE AND M&A PARTNER [email protected]

Alessandra Höhne CORPORATE AND M&A PARTNER [email protected]

Patrícia Braga CORPORATE AND M&A ASSOCIATE [email protected]

Mário Fiorati CORPORATE AND M&A ASSOCIATE [email protected]

Laura Cossi CORPORATE AND M&A ASSOCIATE [email protected]

Marina Bittar CORPORATE AND M&A ASSOCIATE [email protected]

ABOUT US

KLA is a young and dynamic full-service law firm, established in 2002. What makes the firm different and places it among the most modern law firms in Brazil is its way of applying legal knowledge to the business of its clients. The firm works not only with transactional and complex operations, but also dedicates the same effort to daily matters, offering full time support. It aims to understand the business of the clients and respond with the necessary agility, clarity in communications and practicality. The firm tries constantly to anticipate relevant trends and novelties, aggregating value to its legal services. The partners participate or personally manage all steps of the work and do not distance themselves from the client, since long-lasting relationships are part of the firm’s philosophy. The right professionals are allocated for each work, with the purpose of obtaining the maximum efficiency in the formation of the teams dedicated to each client and matter, assuring effectiveness and cost control. A top level team of motivated professionals is located in its São Paulo and Brasília offices, many with academic and professional experience abroad.

FOREIGN DESKS: Asian Desk, German Desk and Italian Desk.

CONTACTS

SÃO PAULO Av. Brigadeiro Faria Lima, 1355, 18º andar. Pinheiros 01452-919São Paulo, São Paulo, Brazil

TELEPHONE +55 11 3799-8100

EMAIL [email protected]

WEBSITE www.klalaw.com.br

START OF ACTIVITY | 2002 N.º OF EMPLOYEES | 200

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PRACTICE AREAS

· Antitrust / Competition

· Banking & Finance

· Bankruptcy & recovery

· Compliance, Investigation & White Collar

· Contracts

· Corporate / M&A

· Environmental

· Family Law, Wills & Estates

· Healthcare & Life Sciences

· Infrastructure, Administrative & Public Law

· Insurance & Reinsurance

· Intellectual property

· Labour & Employment

· Litigation & Dispute Resolution

· Media & Entertainment

· Real Estate

· International memberships

· Tax

· Telecommunications

· Wealth management

INTERNATIONAL MEMBERSHIPS

International Lawyers Network - ILN, International Bar Association - IBA, American Bar Association - ABA

AWARDS

Chambers Global and Chambers Latin America, The Legal 500 Latin America, Latin Lawyer 250, IFLR, Leaders League, Análise Advocacia 500.

TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller Value (BRLm)

Rural lands and timber assets Brazil Real Estate Suzano Papel

e Celulose Duratex Florestal 1.057,5

Mucuri Energética Brazil Real Estate Suzano Papel

e CeluloseQueiroz Galvão Energia S.A. 55,3

Caelum - Ensino e Educação

Brazil EducationBozano Investimentos and Catho

- 40

Enjoei Brazil Internet Dynamo - 21

Volanty Brazil Internet Monashees - 19

Reclame Aqui Brazil Internet DGF - 8,8

Avante Brazil Finance & Insurance Oikocredit, Fiinlab, Vox Capital - 10

IDEA Estados Unidos Telecommunications IPG Photonics - -

Quinto Andar Brazil Real Estate / Technology Kaszek - -

EduK Brazil Internet Omidyar Network - -

*Advised entities are written in bold.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

LACERDA DINIZ E SENA ADVOGADOS TTR ID | 58867

TEAMRafael de Lacerda Campos PARTNER Corporate [email protected]

Fabiana Diniz Alves PARTNER Labor [email protected]

Daniel Jardim Sena PARTNER Tax [email protected]

Diana de Almeida Rodrigues ASSOCIATE [email protected]

Eric Gariglio Nahum ASSOCIATE [email protected]

Fernando Ferreira Baptista de Oliveira ASSOCIATE [email protected]

Viviane Albin Macedo ASSOCIATE [email protected]

ABOUT US

Reliability, competence, innovation and transparency are some of the values that have guided our team for more than 20 years, providing legal advice to several companies throughout the country.

Headquartered in Belo Horizonte and with branches in Pouso Alegre, Formiga, Três Pontas and Montes Claros, it has consolidated itself as one of the largest legal business companies in Brazil.

CONTACTS

BELO HORIZONTE

Rua Desembargador Jorge Fontana, 428 (15º e 12º andar) – Belvedere – Belo Horizonte / MGCEP: 30.320-670

EMAIL [email protected]

TELEPHONE +55 (31) 3507.7777

WEBSITE www.lacerdadinizsena.com.br

START OF ACTIVITY | 16/04/1999 N.º OF EMPLOYEES | 80

BRANCHES

POUSO ALEGRE

Avenida Vicente Simões, 173 Centro – Pouso Alegre / MG CEP 37.553-400

TELEPHONE (35) 3421.4136

MONTES CLAROS

Av. Dulce Sarmento, 865 Alto São João – Montes Claros / MG CEP 39400-578

TELEPHONE (38) 3229.6020

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Guiding its performance through the provision of personalized services, its objective is to achieve the result and the viability of business.

We have as a premise the constant improvement of the quality of services provided, either through technical competence or through the intense search for effective legal solutions.

More than lawyers, we are business partners.

PRACTICE AREAS

· Tax

· Corporate

· Family and Estate Planning

· Mergers and Acquisitions

· Contracts

· Labor

· Business Restructuring and Bankruptcy

· Administrative Law

· Environmental and Mining

· Arbitration and Mediation

TRANSACTIONAL HIGHLIGHTS

Target Country Buyer Seller Value (BRLm)

Laticínio Grupiara Ltda. Brazil Laticínios Porto Alegre Indústria e Comércio S/A Private Shareholders 8

Laticínios Porto Alegre Indústria e Comércio S/A

Brazil Emmi do Brasil Holding Ltda Private Shareholders Confidential

Laticínios Verde Campo Ltda. Brazil Leão Alimentos e Bebidas Ltda. Private Shareholders Confidential

Indústria e Comércio José de Paula S/A Brazil Domingos Costa Indústrias

Alimentícias S/A Private Shareholders 20

Cal Arco Íris Ltda. Brazil Carmeuse Brasil Participações Ltda. Private Shareholders 29.2

Native Distribuidora de Veículos Ltda. Brazil Versão - Participações e

Empreendimentos Ltda. Private Shareholders 1

Colégio Vimasa S/A Brazil Eleva Educação S/A Private Shareholders 29.7

R.L.G. Indústria de Equipamentos de Segurança Ltda.

Brazil JFL Equipamentos Eletrônicos Indústria e Comércio Ltda. Private Shareholders 6m

Peltier Comércio e Indústria Ltda. Brazil Reichle & De Massari Brasil Ltda. Private Shareholders 16.4

Marine Supermercado e Lanchonete Ltda. Brazil Maglioni Ribeiro & Cia Ltda. Private Shareholders 4

Porto Empreendimentos e Participações Ltda.

Brazil Emmi do Brasil Holding Ltda Private Shareholders Confidential

Supermercado Braizinho Ltda. Brazil Adição Distribuição Express Ltda. Private Shareholders 27

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

LOBO DE RIZZO ADVOGADOS TTR ID | 5372

TEAM

Alexandre Siciliano Borges PARTNER [email protected]

Ana Paula Miguel PARTNER [email protected]

Ana Paula Celidonio PARTNER [email protected]

Caio Cossermelli PARTNER [email protected]

Daniella Tavares PARTNER [email protected]

Eduardo Martinelli Carvalho PARTNER [email protected]

Fabio Medeiros PARTNER [email protected]

Fabrizio de Oliveira Sasdelli PARTNER [email protected]

Gabriel de Orleans e Bragança PARTNER [email protected]

In Hee Cho PARTNER [email protected]

José Orlando A. Arrochela Lobo PARTNER [email protected]

Luis Fernando Guerrero PARTNER [email protected]

Marcelo Bez Debatin da Silveira PARTNER [email protected]

Marco La Rosa de Almeida PARTNER [email protected]

Maria Carolina Bachur PARTNER [email protected]

Mariana Miranda Lima PARTNER [email protected]

Milton Pinatti PARTNER [email protected]

Otávio Lucas Solano Valério PARTNER [email protected]

Paula Magalhães PARTNER [email protected]

Regina Gasulla Bouza PARTNER [email protected]

Renata Pires Castanho PARTNER [email protected]

Rodnei Iazzetta PARTNER [email protected]

Rodrigo Delboni Teixeira PARTNER [email protected]

Rodrigo Millar de Castro Guerra PARTNER [email protected]

Rodrigo Roso PARTNER [email protected]

Sergio Varella Bruna PARTNER [email protected]

Valdo Cestari de Rizzo PARTNER [email protected]

CONTACTS

SÃO PAULO Av Brigadeiro Faria Lima, 3900, 12nd floor – Itaim Bibi. São Paulo, SP – Brazil

EMAIL [email protected]

TELEPHONE +55 (11) 3702-7000

WEBSITE www.ldr.com.br

START OF ACTIVITY | 2007 N.º OF EMPLOYEES | 101-200

BRANCHES

RIO DE JANEIRO

Rua Lauro Muller. 116 – 42th floor Sala 4205 – Torre do Rio Sul. Rio de Janeiro, RJ – Brazil

TELEPHONE +55 (21) 3299-7100

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LEGAL ADVISORS FINANCIAL ADVISORSCorporate Profiles · Brazil

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201

TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller Value (BRLm)

Domino’s Pizza Brazil Brazil Turismo, Hotelaria,

Restaurantes Vinci Partners Bramex Comércio e Serviços 300,00

Editora Positivo Brazil Media, Multimedia e Editorial Arco Educação Grupo Positivo 1.650,00

Cecrisa Brazil Vidro, Cerâmica, Papel, Plásticos e Madeiras Duratex

Waterloo Empreendimentos e Participações

539,00

Complexo Eólico Alto Sertão III Brazil Elétrica AES Tietê Energia Renova Energia 516,00

Centro Universitário ININOVAFAPI

Brazil Educação

Bozano Investimentos and Grupo NRE Educacional

Centro Universitário ININOVAFAPI ND

Usina Estivas Brazil Agricultura, Agribusiness Pipa Agroindustrial Biosev 203,60

Agriness Brazil Tecnologia Cargill Agriness ND

Nestle Waters business Brazil Alimentação e bebidas Grupo Edson

Queiroz Nestlé Waters ND

e-Mídia Brazil Internet Carrefour Brasil e-Mídia ND

International Meal Company Brazil Turismo, Hotelaria,

Restaurantes Sapore International Meal Company 908,20

*Advised entities are written in bold.

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.

We are rooted in a team of 120 lawyers whose main focus is to deliver a premium service.

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

· Antitrust

· Corporate, Mergers & Acquisitions

· Dispute Resolution

· Environmental

· Finance & Capital Markets

· Infrastructure

· Intellectual Property

· Listed Companies

· Labor

· Public Law

· Real Estate

· Tax

INTERNATIONAL MEMBERSHIPS

IBA, Multilaw.

AWARDS

· Brazil Structured Bond Deal of the Year from Bonds, Loans & Derivatives 2019.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

LOESER, BLANCHET E HADAD ADVOGADOS TTR ID | 5542

TEAM

Fernando Loeser PARTNER [email protected]

Richard Blanchet PARTNER [email protected]

Enrique Tello Hadad PARTNER [email protected]

Eric Fernandes SENIOR ASSOCIATE [email protected]

Lilian Lang SENIOR ASSOCIATE [email protected]

Rita Nader SENIOR ASSOCIATE [email protected]

Daniel Varga ASSOCIATE [email protected]

Rachel Rennó ASSOCIATE [email protected]

CONTACTS

SÃO PAULO Av. Francisco Matarazzo, 1400, 15º andar, Torre Milano, Água Branca,CEP 05001-903. São Paulo

EMAIL [email protected]

TELEPHONE +55 (11) 3879 2800

WEBSITE www.lbhlaw.com.br

START OF ACTIVITY | May 5th, 1989 N.º OF EMPLOYEES | 88

BRANCHES

RIO DE JANEIRO

Rua Russel, 804, 6º andar Ed. Manchete, Centro CEP 22210-907, Rio de Janeiro

BRASÍLIA SH/Sul, Ed. Business Center Tower, Q.06, Conj. "A", Bl. "C", Salas 1312 e 1313, Asa Sul. CEP  70316-000, Brasília – DF

CAMPINAS Rua José Pires Neto, nº 314, Conj. 61 - Piazza AffariCambuíCEP 13025-170, Campinas - SP

TELEPHONE +55 (21) 2210 3138

TELEPHONE +55 61 3321 6021

TELEPHONE +55 (19) 3295 5201

ABOUT US

Loeser, Blanchet e Hadad 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. Over the last 30 years, it diversified its practice of law, also acting in the corporate and merger and acquisition fields.

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LEGAL ADVISORS FINANCIAL ADVISORSCorporate Profiles · Brazil

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203

TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller Value (BRLm)

Jacobs Engineering Group’s energy, chemicals and resource division.

BrazilEngineering, technical and professional services

Worley Parson Jacobs Engineering Group 12bi

Compahia Metalic Nordeste Brazil Metal packaging and

metal products Can Pack S.A Companhia Siderurgica Nacional (CSN) 300

Bela Ischia Alimentos Ltda. Brazil Food and Beverage Britvic Brasil

Holdings S.A. Individuals 218

Facon Construção e Mineração S.A. Brazil Mining Services Vale

Fertilizantes S.AFagundes Construção e Mineração S.A. 200

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 Plastic molds for cans

Seoyon Lntech Co. Ltda. Trambusti Group 120

Prakolar Rótulos Auto-adesivos S.A. Brazil Auto labels Stickers Sato Holdings

Corporation Individuals 75

Adecol Indústria Química Ltda. Brazil Chemicals H.B. Fuller

Brasil Ltda. Individuals ND

Costapacking Indústria e Comércio de Plásticos Ltda.

Brazil Manufacturer of rigid plastic packaging

Plastek do Brasil Indústria e Comércio Ltda.

Individuals ND

*Advised entities are written in bold.

Besides acting in the most important Brazilian legal and business centers, Loeser, Blanchet e Hadad Advogados maintains a close relationship with correspondent Law firms abroad, which 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, Blanchet e Hadad Advogados focuses on the development of innovative strategies aligned with its clients’ businesses, helping them navigate the legal and business environments in a fast and continuous-changing world, bearing in mind the risks, challenges and opportunities that arise from new expansions, regulations or complex disputes.

For these reasons, Loeser, Blanchet e Hadad Advogados’ clients portfolio includes several local and international clients, which represent a wide range of business sectors, such as financial institutions, manufacturers, retail companies, services in general, public utilities, information technology and telecommunication, served by professionals specialized in various fields of practice.

PRACTICE AREAS

· Tax Law

· Corporate Law

· Corporate Governance

· Mergers and Acquisitions

· Contracts

· Project Finance

· Foreign Investments

· Judicial and Administrative Litigation

· Infrastructure

· Real Estate Law

· Labor Law

· Commercial and Civil Law

· Succession Planning

· Data Protection

AWARDS

Loeser, Blanchet e Hadad Advogados was considered by the Brazilian publication Anuário Análise Advocacia 500 as one of the most admired law firms in the country since 2007. Over the last few years, it has been prominent in areas such as Corporate, Tax, Banking and Foreign Trade.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

MACHADO ASSOCIADOS TTR ID | 5232

TEAMLisiane Pace PARTNER Contracts/Corporate and M&A [email protected]

Luciana Felisbino PARTNER M&A [email protected]

Rochelle Ricci PARTNER Contracts and M&A [email protected]

Mirella da Costa Andreola PARTNER Contracts/Corporate and M&A [email protected]

Caio Fink Fernandes PARTNER Contracts/Corporate and M&A [email protected]

Renata Almeida Pisaneschi PARTNER Contracts/Corporate and M&A [email protected]

Mauro Takahashi Mori PARTNER Contracts/Corporate and M&A [email protected]

Rubens Bezerra Filho PARTNER Corporate and M&A [email protected]

Suzana C. Cencin Castelnau PARTNER Contracts/Corporate and M&A [email protected]

Caetano Antunes PARTNER Contracts/Corporate and M&A [email protected]

CONTACTS

SÃO PAULO Av. Brig. Faria Lima, 1656 – 11º andar – CEP: 01451-918 São Paulo – SP

EMAIL [email protected]

TELEPHONE +55 11 3819 4855

WEBSITE www.machadoassociados.com.br

BRANCHES

RIO DE JANEIRO

Praça Floriano, 19 – 4º andar – CEP: 20031-050 – Rio de Janeiro – RJ

TELEPHONE +55 21 3550 3000

BRASÍLIA SHS. Quadra 06, Conjunto A – Bloco A - Sala 808, Complexo Brasil XXICEP: 70316-100 – Brasília – DF

TELEPHONE +55 61 3039 8082

START OF ACTIVITY | 1990 N.º OF EMPLOYEES | 140

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LEGAL ADVISORS FINANCIAL ADVISORSCorporate Profiles · Brazil

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ABOUT US

Our law firm was established in 1990 to offer first-class legal services, with efficiency, security, and reliability. Today we are one of the leading law firms in Brazil, highly respected in the demanding international scenario.

We specialize in the main Corporate Law areas, providing services to national and international clients of all sizes and economic sectors.

The joint efforts of the Corporate and M&A and Tax areas provide a strategic vision, aligned with the clients’ needs in the development of their businesses.

We believe that our skilled work and our close relationship with our clients add value to their business. The provision of legal services is strategic and requires unconditional dedication and unrestricted respect of ethics. Developing safer solutions in an environment surrounded by legal insecurity: this is the challenge posed and that we took on.

We have an in-depth knowledge of our clients, their business and goals. Our mission is to help clients grow, optimize resources, seek creative alternatives for complex problems, and carry on the best business in a dynamic world, full of opportunities and challenges.

Our team is comprised of professionals with superior technical capacity, with different academic qualifications, who work together to offer more efficient solutions.

We are headquartered in São Paulo, and we also have offices in Rio de Janeiro and Brasília. We rely on the work of correspondents throughout Brazil and maintain productive relationships with the most distinguished international firms.

PRACTICE AREAS

· Business Structuring Abroad

· Civil Litigation

· Compliance and Governance

· Contracts and Negotiations

· Corporate

· Custom Taxes

· Foreign Investment

· Individual Taxation

· International Tax

· Labor and Labor Taxes

· Mergers & Acquisitions

· Real State

· Succession Planning

· Tax

· Tax Litigation

· Transfer Pricing

INTERNATIONAL MEMBERSHIPS

Thanks to our considerable international experience, we founded and are a board member of the Latin American Tax and Legal Network – LATAXNET, a network of first-class law firms that allows us to develop and monitor projects in all Latin American countries.

Our firm is also the Brazilian member of the international network WTS Global. Focused on tax-related issues and recognized as one of the global specialists in the tax area, WTS Global operates in more than 100 countries.

AWARDS

· IFLR 1000 – Leading firms: M&A and Project Development

· Leaders League – Recommended in Corporate and M&A, and Startups and Innovation

· Who’s Who Legal – Recommended in Corporate and M&A

· The Legal 500 – Highlighted in Corporate and M&A

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

MACHADO MEYER ADVOGADOS TTR ID | 2780

TEAMJosé 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]

Gabriela Falcão Vieira PARTNER [email protected]

Renato Maggio PARTNER [email protected]

Thiago Spercel PARTNER [email protected]

Elie J. Sherique PARTNER [email protected]

Luciana Costa Engelberg PARTNER [email protected]

José Ribeiro do Prado Jr. PARTNER [email protected]

Clarissa Freitas PARTNER [email protected]

Diana Henne PARTNER [email protected]

Gustavo Secaf Rebello PARTNER [email protected]

Manuela Lisboa PARTNER [email protected]

Décio Pio Borges de Castro PARTNER [email protected]

Ivandro Maciel Sanchez Jr. PARTNER [email protected]

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 relationship with our clients.

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.

CONTACTS

SÃO PAULO Avenida Brigadeiro Faria Lima, 3144 São Paulo

TELEPHONE +55 11 3150 7000

EMAIL [email protected]

WEBSITE www.machadomeyer.com.br

START OF ACTIVITY | 1972

NEW YORK 110 East 55th Street NYC 10th Floor

TELEPHONE +1 212 784 8802

E-MAIL [email protected]

WEBSITE www.machadomeyer.com.br

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LEGAL ADVISORS FINANCIAL ADVISORSCorporate Profiles · Brazil

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207

TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller Value (BRLm)

TAG - Transportadora Associada de Gás Brazil Oil and Gas

Engie, Caisse de dépôt et placement du Québec (CDPQ)

Petrobras 28.438,00

China Merchants Port

Hong Kong

Transportation, Aviation and Logistics;Ports

Shenzhen Chiwan Wharf Holdings

China Merchants Investment Development Company

15.126,45

Rappi ColombiaInternet; Tourism, Hotel Industry, Restaurants; Health, Hygiene and Aesthetics

SoftBank Vision Fund, SoftBank - 4.026,65

Sub-concessão Malha Ferroviária Tocantins - São Paulo

Brazil Railways Rumo Brazilian Government 2.719,53

Cecrisa Brazil Ceramics Duratex/Ceusa

Particular Shareholders Brasil, Waterloo Empreendimentos e Participacoes

 539,00

FIP Operações Industriais Brazil Finances and Security GS Inima Brasil BRK Ambiental 780,00

Concessionaria Rota das Bandeiras Brazil Transportation, Aviation

and Logistics; Railways SCP 1355 FIP Odebrecht Rodovias 2.000,00

30 Campos de Produção Terrestres Bacia Potiguar

Brazil Oil and Gas 3R Petroleum Petrobras 1.749,59

Editora Positivo BrazilMedia, Multimedia and Editorial; Distribution and Retail; Technology

Arco Educação Grupo Positivo 1.650,00

34 Campos Terrestres Rio Grande do Norte

Brazil Oil and Gas Potiguar E&P Petrobras 1.519,46

*Advised entities are written in bold.

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 2019: awarded on the “Restructuring” category.

· Chambers and Partners Latin America 2019: leading firm in 21 practice areas, with 41 ranked lawyers.

· Chambers and Partners Global 2019: leading firm in 10 practice areas, with 24 ranked lawyers.

· International Financial Law Review 2019: elected “National Firm of the Year: Brazil”, “Capital Markets Firm of the Year in Brazil”. Deal of The Year in “Project Finance” and “Restructuring” categories.

· Americas Women in Business Law (Euromoney) 2018: Cristiane Romano and Daniella Zagari.

· The Legal 500 2018: recognized as a top tier firm in six areas in Brazil.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

MADRONA ADVOGADOS TTR ID | 41365

TEAMRicardo 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 PARTNER [email protected]

Marcelo Cosac PARTNER [email protected]

Milena Coimbra Mazzini PARTNER [email protected]

Danilo Mininel PARTNER [email protected]

Eduardo M. Gaban PARTNER [email protected]

João Carlos Duarte de Toledo PARTNER [email protected]

Eduardo Tristão PARTNER [email protected]

Nair Veras Saldanha PARTNER [email protected]

Luciana Renouard PARTNER [email protected]

Priscilla Carbone PARTNER [email protected]

Rodrigo Machado PARTNER [email protected]

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 differences, companies, and people.

Madrona Advogados was launched with that spirit. With focus on corporate law, mergers and acquisitions, 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 15 partners and more than 90 legal professionals (including trainees)

CONTACTS

SÃO PAULO Avenida Brigadeiro Faria Lima, 3064 11st floor Zip Code 01451-000 São Paulo, SP, Brazil

EMAIL [email protected]

TELEPHONE +55 11 4883-8750

WEBSITE www.madronalaw.com.br

BRANCHES

BRASILIA SHIS QL 24. Conjunto 01 Casa 01 – Lago Sul Zip Code 71665-015 Brasília, DF, Brazil

TELEPHONE +55 61 3222-2295

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TRANSACTIONAL HIGHLIGHTS

Target Country Subsector Buyer Seller Value (BRLm)

New Steel BrazilMining, Steel, Metallurgy and Industrial Production

Vale - Companhia Vale do Rio Doce Hankoe FIP 1.879,81

CESP Brazil Electric

VTRM Energia, SF Ninety Two Participações Societárias

Governo de São Paulo, Companhia do Metropolitano de São Paulo - Metrô, Dersa Desenvolvimento Rodoviario, SABESP, Departamento de Águas e Energia Elétrica - DAEE, Companhia Paulista De Parcerias - Cpp

1.721,43

Poupafarma Brazil Distribution and RetailStratus SCP Coinvestimento II FIP

Private Shareholders I 65,00

Rzf Projetos, Construções e Serviços Rodoviários

Brazil Construction (Materials and Machinery) Top Service Private Shareholders Brazil I -

Colegio e Curso Master Brazil Education Colegio Vimasa Private Shareholders I 25,00

Besser Partners Brazil

Education, Consultancy, Audit and Engineering, Financial and Insurance

C6 Participacões Societárias Private Shareholders Brazil I -

With a team of fifteen 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, Anticorruption, Antitrust & Competition Law, Agribusiness, Labor Law, Compliance and Intellectual Property.

INTERNATIONAL MEMBERSHIPS

· Exclusive representative in Brazil of Interact Law

AWARDS

· Madrona Advogados received Latin Lawyer s deal of the year award in the regulatory category with the privatization of CESP.

· Recommended by the 2019 Global Edition in the Corporate and Mergers and Acquisitions areas by Chambers & Partners.

· Recommended by the 2019 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 Markets areas in 2019 by Latin Lawyer 250.

· Recommended by the 2018 edition of Análise Advocacia 500 as one of the most admired in areas of Arbitration, Litigation, International Trade, Antirust, Business Contracts, Real Estate, Financial Transactions, Regulatory, Corporate, Labor, and Tax. And by the economic sectors: Electric Power, Health, and Transport & Logistics, Education, Pharmaceutical, Financial, Construction and decoration materials, and Syderurgy & Mining and Banks.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

MARLOS NOGUEIRA TTR ID | 65091

TEAMMarlos Nogueira FOUNDING PARTNER [email protected]

Leonardo Xavier PARTNER [email protected]

Rodrigo Péclat PARTNER [email protected]

Stanley Borges PARTNER [email protected]

Roberto Mascarenhas PARTNER [email protected]

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 cooperative, 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 prepared, but also to take on a decisive role in this challenging scenario faced by corporations.

START OF ACTIVITY | 2002 N.º OF EMPLOYEES | 4

CONTACTS

GOIÁS Av. Dep. Jamel Cecílio, 2690, Metropolitan Business, Torre Tokyo, sls. 1301 a 1304, Jd. Goiás, 74.805-100 Goiânia, Goiás, Brazil.

TELEPHONE +55 62 3093-3322

EMAIL [email protected]

WEBSITE marlosnogueira.com

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LEGAL ADVISORS FINANCIAL ADVISORSCorporate Profiles · Brazil

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TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller Value (BRLm)

Super Safra BrazilDistribution and Retail; Agriculture, Agribusiness, Farming and Fishing

Tec AgroPrivate Shareholders Brazil

-

Leitbom Brazil Dairy Foodstuff (Wholesale)

GP Investimentos

Private Shareholders 450

Brasal S/A BrazilReal Estate, Automobile Dealership, Propellants and Beverages (Retail)

Management Buyout

Private Shareholders ND

Proguarda Brazil Surveillance and Private Security

Management Buyout

Private Shareholders ND

Resíduo Zero Brazil Distribution, Cleaning, Services, Recycling

Via Solo Engenharia Ambiental

Private Shareholders ND

Quick Logística e Quick Armazéns Gerais

Brazil Distribution, Transportation, Aviation, Logistics JSL S/A Private

Shareholders 130,7

Pneulândia Comercial Brazil Car Repair, Shops,

Automobile Tires (Retail)Management Buyout

Private Shareholders ND

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

Brazil Fast Food Burger King Brasil

Private Shareholders 393,1

*Advised entities are written in bold.

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 alternatives to enhance their position in a global business environment, which increasingly enforces accountability, sustainability, ethic and transparency.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

MATTOS FILHO, VEIGA FILHO, MARREY JR. E QUIROGA ADVOGADOS TTR ID | 2782

ABOUT US

Mattos Filho provides 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 clients, thereby enhancing the firm’s understanding of the clients’ businesses and making Mattos Filho 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.

The firm represents domestic and foreign companies, financial institutions, investors, multilateral agencies, investment funds, pension funds, insurers and reinsurers and non-profit organisations.

START OF ACTIVITY | 1992 N.º OF EMPLOYEES | 1.256

CONTACTS

SÃO PAULO Al Joaquim Eugênio de Lima 447 - Jardim Paulista - CEP: 01403-001

TELEPHONE +55 11 3147 7600

EMAIL [email protected]

WEBSITE https://www.mattosfilho.com.br

BRANCHES

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

· Asset management Services and Investment funds

· Aviation

· Banking and Finance

· Business public law

· Capital markets

· Charities, Social business and Human rights

· Compliance and Corporate ethics

· Corporate/M&A

· Data protection and Cybersecurity

· Environmental

· Forestry investments

· Infrastructure and Energy

· Insurance, Reinsurance and Pensions

· Intellectual property

· Labor and Employment and Executive compensation

· Life sciences and Healthcare

· Litigation and Arbitration

· Private client

· Public affairs

· Real estate

· Restructuring and Recovery

· Tax

· Technology, Innovation and Digital businesses

· Telecommunications

· White collar crime

TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller

Drogaria Onofre Brazil Distribution and Retail Raia Drogasil Subsidiaries of CVS Health Corporation

Nextel Brasil Brazil Telecom América Móvil NII Holdings

Grupo São Francisco Brazil Healthcare Ultra Som Serviços Médicos Private Shareholders

Buscapé Company Informação e Tecnologia Brazil Internet Mosaico Negócios

de Internet Grupo Naspers

Avon United Kingdom Cosmetics Natura ---

Gympass Brazil Sports Softbank Group Corp ---

Sul America Auto and P&C insurance lines Brazil Insurance Allianz Group Sul América Group

*Advised entities are written in bold.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

MNA – MIGUEL NETO ADVOGADOS TTR ID | 7967

TEAMJosé Antônio Miguel Neto [email protected]

Djalma dos Angelos Rodrigues [email protected]

Décio de Andrade [email protected]

João Eduardo Cipriano [email protected]

Marina Stella de Barros Monteiro [email protected]

Ronaldo M. Assumpção Filho [email protected]

ABOUT US

We are one of the premier mid-size firms in São Paulo, Brazil with a proven track record going back 29 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 handling of complex international cross-border transactions (foreign direct investments, joint-ventures, mergers and acquisitions) and disputes (litigation, arbitration) to specialties involving complex financings, 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 capable of handling a wide range of legal matters, from cross-border and international M&A and foreign direct investment to resolving cross-border 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.

Miguel Neto Advogados

START OF ACTIVITY | 1990 N.º OF EMPLOYEES | 45

CONTACTS

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

TELEPHONE (11) 5502-1200

EMAIL [email protected]

WEBSITE www.mnadv.com.br

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TRANSACTIONAL HIGHLIGHTS

Target Country Subsector Buyer Seller

Smartlav Brazil Other Services Unilever BrasilPrivate Shareholders Brazil

Climatempo Participações Brazil Media, Multimedia and Editorial; Internet StormGeo

Private Shareholders Brazil

Avanxo Brasil Brazil Technology; Financial and Insurance Globant .

Café do Moço Brazil Food and BeveragePrumo Participações e Investimentos

Private Shareholders

Feenix4T BrazilSecurity and Private Arms, Ammunition and Explosives. Technology

NTN Participações, Private Shareholders

-

Pet Care Brazil Healthcare, Hygiene, Medical Aesthetics and Cosmetics VCA -

Pet Care Morumbi Brazil Healthcare, Hygiene, Medical Aesthetics and Cosmetics Pet Care

Private Shareholders Brazil

Instituto de Nefrologia de Mogi das Cruzes, Instituto de Nefrologia de Suzano

Brazil Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Diaverum do Brasil

Private Shareholders Brazil

Zermatt Indústria Brazil Glass, Ceramic, Paper, Plastics, Wood and Timber

Embalagens Flexíveis Diadema

Private Shareholders Brazil

Climatempo Internet Brazil Technology Climatempo Participações

Private Shareholders Brazil

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 international mandates with the same high-level efficiency and outstanding service around the globe.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

NBF|A TTR ID | 2780

TEAMTomás 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]

Fábio Perreli Peçanha PRINCIPAL ASSOCIATE - Tax [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]

William Lins ASSOCIATE Energy & Infrastructure [email protected]

Cindy Takahashi ASSOCIATE Corporate | M&A [email protected]

Thais Tarelho ASSOCIATE Energy & Infrastructure [email protected]

Marthina Gasques ASSOCIATE Corporate | M&A [email protected]

Regina Ramos ASSOCIATE Corporate | M&A [email protected]

ABOUT US

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 international 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.

START OF ACTIVITY | 2011 N.º OF EMPLOYEES | 30

CONTACTS

SÃO PAULO Av. Pres. Juscelino Kubitschek, 1700, 6º andar

TELEPHONE +55 11 3707 8370

EMAIL [email protected]

WEBSITE www.nbfa.com.br

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TRANSACTIONAL HIGHLIGHTS

· Advised a major energy group in the acquisition of 100% of a Brazilian transmission company.

· Advised a major energy group in its first venture capital investments in Brazil.

· Represented a Spanish-based group in its entry into the Brazilian market through the acquisition of the major Brazilian producer of table grapes.

· Advised a major wholesale provider of optic fiber/dark fiber in Latin America in the acquisition of a majority stake in a Brazilian company operating in the telecommunication sector.

· Advised an investment fund on issues of Brazilian law involved in a Series E funding round of a startup with a marketplace business in the healthcare industry.

AWARDS

· Garrigues, with whom NBF|A has a cooperation agreement, was recognized by The American Lawyer as the 2019 Transatlantic Independent Law Firm of the Year (https://www.garrigues.com/en_GB/firm/awards)

· Garrigues, with whom NBF|A has a cooperation agreement, was recognized by IJGlobal Awards 2019 as the Latin American Local Legal Adviser of the Year (https://www.garrigues.com/en_GB/firm/awards)

· Partner Rosi Costa Barros was ranked in Chambers Latin America 2019 edition, highlighted in Energy & Natural Resources: Power (https://www.chambersandpartners.com).

· 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).

· NBF|A was ranked in IFLR 1000 2019 in the categories “M&A and Corporate” and “Project Development”.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

PINHEIRO NETO ADVOGADOS TTR ID | 2759

TEAMAlexandre Bertoldi MANAGING PARTNER [email protected]

Fernando Meira HEAD OF CORPORATE PRACTICE [email protected]

ABOUT US

Pinheiro Neto is a Brazilian independent and full-service law firm with sound reputation and recognized for its professional excellence in complex and multidisciplinary transactions. Over more than 75 years, the firm translates the Brazilian legal environment for the benefit of local and foreign clients. Pinheiro Neto has received the Excellence Award in Exports of Legal Services, by which the Ministry of Foreign Trade, Industry and Development (MDIC) recognizes the largest Brazilian exporters of services in each of several categories.

The teamInvesting in the personal and professional development of its members has always been important for the firm. Besides improving its member’s abilities by means of a comprehensive in-house Professional Development Program, the firm encourages the attorneys to pursue international associate programs and postgraduate studies (LLM, etc.) abroad.

Social responsibility and diversityThe 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 also has groups that encourage discussions on diversity to foster an increasingly diverse and inclusive work environment.

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, Environment, Intellectual Property, Labor, among others.

CONTACTS

SÃO PAULO Rua Hungria, 1.10001455-906São Paulo, SP

TELEPHONE +55 (11) 3247-8400

EMAIL [email protected]

WEBSITE www.pinheironeto.com.br

START OF ACTIVITY | 1942 N.º OF EMPLOYEES | The firm currently has around

424 lawyers, of which 100 are partners and 19

are counsels.

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AWARDS AND RECOGNITIONS

Selected Awards: · Chambers Latin America Awards: Brazil Client Service Firm of the Year (2017)

· Latin Finance: Brazil Firm of the Year (2016 and 2017)

· IFLR Americas Awards: South American Firm of the year (2018), and National Firm of the Year: Brazil (2018 and 2016)

· Who’s Who Legal: Brazil Firm of the Year for 13 consecutive years (2006–2018)

· Pinheiro Neto is recognised among Latin America’s most renowned firms in Latin Lawyer Elite 2018. The firm has more individual lawyer recommendations than any other Brazilian firm in Chambers Latin America 2019, IFLR1000 2018, and The Legal 500 Latin America 2018.

M&A Recognition · Chambers Global and Latin America 2019 Band 1 in Corporate/M&A and in Corporate/M&A: High-end Capability

· IFLR 1000 2019 - Tier 1 in M&A · Latin Lawyer 250 2019 - Recognized in Corporate and M&A

· The Legal 500 Latin America 2018 - Tier 1 in Corporate and M&A

TRANSACTIONAL HIGHLIGHTS

Target Country Subsector Buyer Seller Value (BRLm)

Power Grids Switzerland Electronics Hitachi ABB 24.988,27

Boeing Brasil Commercial Brazil Aerospace and

AeronauticalEmbraer, Boeing Brasil - 15.790,37

GE Industrial Solutions

United States

Electronics; Steel, Metallurgy and Industrial Production

ABB General Electric Company 9.998,36

Ascenty Brazil Telecoms; Technology Stellar Participações Great Hill Partners 7.783,22

JV Caixa CNP Brazil Financial and Insurance Caixa Seguridade, CNP Assurances - 4.650,00

Nuova Argo Finanziaria Italy Financial and Insurance Ardian Aurelia 3.957,51

Embraco Brazil

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

Nidec Corporation Whirlpool Brasil 3.921,73

Ciplan Brazil Steel, Metallurgy and Industrial Production Vicat Group Private

Shareholders I 1.265,17

Multiplus Brazil Financial and Insurance LATAM Airlines Brasil

Private Shareholders I 1.023,03

Votorantim Siderurgia Brazil Steel, Metallurgy and

Industrial ProductionArcelorMittal Brasil Votorantim -

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

RAYES & FAGUNDES ADVOGADOS ASSOCIADOS TTR ID | 5287

TEAMJoão Paulo Fagundes FOUNDING PARTNER [email protected]

Fabiana Rodrigues da Fonseca PARTNER - Corporate/M&A [email protected]

Ludmila Passos Holtz SENIOR ASSOCIATE [email protected]

Luis Eduardo Galvão MID LEVEL ASSOCIATE [email protected]

Ronaldo Rayes FOUNDING PARTNER [email protected]

Diogo Octavio Nebias PARTNER - Infrastructure/M&A [email protected]

Mariana Amorim Arruda SENIOR ASSOCIATE [email protected]

Pedro Castelo Branco Juca MID LEVEL ASSOCIATE [email protected]

Paulo Fernando Talarico PARTNER - Corporate/M&A [email protected]

Suzi Yoshimoto SENIOR ASSOCIATE [email protected]

Felipe Mutti de Almeida Monteiro MID LEVEL ASSOCIATE [email protected]

Luiza de Andrade Piovezan JUNIOR ASSOCIATE [email protected]

ABOUT US

Created in 1998.

Our most experienced attorneys are always on the forefront, involved on the day to day activities of transactions and cases.

CONTACTS

SÃO PAULO Av. Pres. Juscelino Kubitschek, 510, 6 andar, Sao Paulo, SP, Brazil CEP 04543-000

TELEPHONE +55 11 3050 2150

EMAIL [email protected]

WEBSITE www.rfaa.com.br

START OF ACTIVITY | 1998 N.º OF EMPLOYEES | 120 partners/associates

BRANCHES

RIO DE JANEIRO

Rua da Assembleia, 10, conjuntos 3108-9, Rio de Janeiro, RJ, Brazil, CEP 20011-901

CAMPINAS Rua Alecrins, 914, conjuntos 903 e 904, Campinas, SP, Brazil CEP 13024-411

SÃO BERNARDO DO CAMPO

Rua José Versolato, 111, conjuntos 2409 e 2410, São Bernardo do Campo, SP, Brazil, CEP 09750-730

TELEPHONE +55 21 2221-5470

TELEPHONE +55 19 3291-8005

TELEPHONE +55 11 4550-5121

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TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller

Genesys division Brazil IT Permira Fund Alcatel-Lucent Group (currently Nokia)

Plug-in (assets and customer portfolio) / DHC Outsourcing / Boldcron

Brazil IT UOL Several individuals

Tyco Group’s division of cellphone batteries and adapters for notebooks / Tyco Electronics da Amazônia Ltda.

Brazil Electronics Marlin Equity Partners Tyco Group

TROP Brazil Food Leão (Coca-Cola Group) Several individuals

Tinabrás / Plastubos Brazil Plastic Industry Amanco José Luis Mazza e Roberto

Daniel Schilman

Various M&A transactions Brazil Finance Angra Partners / Angra Infra (investment funds)

Cooper Brazil Country Fund I LLC; and others

Various M&A transactions Brazil Finance Baupost Group / Serengeti Overseas / Bain Capital

Apoema capital. Partners Gestão de Recursos Ltda; André Walter DE Oliveira

CGS’ systems Brazil IT Comverse CSG Americas Holding, Inc.

Domínio Sistemas, Sitecom (Alliance Group), ConceitoW, NovaProlink and Tedesco

Brazil IT Thomson Reuters Several individuals

Hospital located in São Paulo Brazil Hospitals Rede D´Or Several individuals

*Advised entities are written in bold.

We adopt an interdisciplinary approach in matters allying our transactional, tax and litigation experiences.

We act creatively to find solutions to complex problems and focus on enhancing our clients´ businesses.

PRACTICE AREAS

· Corporate and M&A

· Banking and Finance

· Tax

· Litigation and Arbitration

· Labor

· Restructuring and Insolvency

· Wealth Planning

INTERNATIONAL MEMBERSHIPS

Lexwork International, International Law Firms - ILF, International Bar Association, IFA, Brazilian American Chamber of Commerce, Official Spanish Chamber of Commerce in Brazil, Amcham Brazil.

AWARDS

· The Legal 500 Latin America: “Leading Firm” - 2017

· IFLR 1000: “Recommended Law Firm” - 2018 and 2019

· Análise 500: “Most Admired Law Firm” - 2018

· Leaders League: M&A and Corporate Law, Tax Counsel and Labor Litigation - 2018 and 2019

· Business Excellence Awards - 2018

· Global Business Insight Awards: “Most Outstanding Civil Litigation Law Firm” - 2018

· Lawyer International Legal 100 - 2017

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

RUZENE ADVOGADOS ASSOCIADOS TTR ID | 134735

TEAMMarco Antônio Ruzene PARTNER [email protected]

Andréa Navarro Gordo Franco PARTNER [email protected]

ABOUT US

We are a new, modern, agile, dynamic, highly specialized law firm that has developed and applies an exclusive work method that, together with more than 27 years of experience of the founding partner, allows us to exhaust the possibilities and the legal alternatives in each situation analyzed, resulting in the most efficient and perfect solution for our clients.

PRACTICE AREAS

· Tax

· Corporate

· M&A

· Compliance

· Administrative and Public law

· Regulatory

· Real State Development

· Restructuring and Insolvency

· Intelectual Property

· Corporate Crime

CONTACTS

CAMPINAS Av. José de Souza Campos, 900Sala 82. 13092-123 Nova CampinasCampinas, São Paulo, Brasil

TELEPHONE + 55 19 3255.5190

EMAIL [email protected]

WEBSITE www.ruzeneassociados.adv.br

START OF ACTIVITY | 08/23/2016 N.º OF EMPLOYEES | 4

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TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller Value (BRLm)

SantéCorp Brazil Health Fleury CPMAPrivate Shareholders Brazi

15,5

Nossamae Inc. Brazil Technology R7 Tecnologia Ltda

Private Shareholders Brazil

16,5

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

SALUSSE MARANGONI PARENTE E JABUR ADVOGADOS TTR ID | 17970

TEAM

Sérgio R. N. Marangoni PARTNER [email protected]

Felipe Hannickel Souza PARTNER [email protected]

Mariana Elena Boéchat de Moura ASSOCIATE [email protected]

Ana Lucia de Campos Maia Snege ASSOCIATE [email protected]

Priscila Scisci Scola ASSOCIATE [email protected]

Marcela Barbosa Mariano ASSOCIATE [email protected]

João Leandro Pereira Chaves ASSOCIATE [email protected]

ABOUT US

Since our establishment in 1992 we have been dedicated to providing corporate law services, seeking service excellence based on individuality, our promptness, and focus on results.

We have a modern head office in the city of São Paulo, in the heart of Latin America’s financial center, operating across the domestic territory and abroad through accredited representatives, aiming to meet the needs of clients who hold businesses in different regions.

The purpose of our office is to develop and present more efficient and creative solutions to fulfill our client’s legal needs, regardless of the complexity involved.

Meeting the challenge of constant development, we have a team of experienced lawyers fluent in other languages and regularly engaged in refresher courses.

In the course of our journey we have collected several individual and collective awards in all our fields of operation, recognizing our professionals and our office as one of the “most praised” and “most admired” in Brazil.

CONTACTS

SÃO PAULO Av. Juscelino Kubitschek, 1400 – 10º andar, São Paulo/SP, Brazil

TELEPHONE +55 (11) 3146-2400

EMAIL [email protected]

WEBSITE www.smabr.com

START OF ACTIVITY | 04/1992 N.º OF EMPLOYEES | 92

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TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller

Franquia Espaçolaser São Paulo Brazil Healthcare, Hygiene, Medical

Aesthetics and Cosmetics Espaçolaser Private Shareholders Brazil

Franquia Espaçolaser Cuiabá, Franquia Espaçolaser Várzea Grande, Franquia Espaçolaser Porto Velho

Brazil Healthcare, Hygiene, Medical Aesthetics and Cosmetics Espaçolaser Private

Shareholders Brazil

First Tech Brazil Technology Private Shareholders Brazil

Private Shareholders Brazil

Espaçolaser Distrito Federal Brazil Healthcare, Hygiene, Medical Aesthetics and Cosmetics Espaçolaser Private

Shareholders

Espaçolaser Vinhedo, Espaçolaser Paulínia Brazil Healthcare, Hygiene, Medical

Aesthetics and Cosmetics Espaçolaser Private Shareholders

Espaçolaser Várzea Paulista, Espaçolaser Araras Brazil Healthcare, Hygiene, Medical

Aesthetics and Cosmetics Espaçolaser Private Shareholders

Aut Estetica Eireli, Abbruzzese & Moura Estetica, Abbruzzese & Moura Estética - Vila 31 de Março, Abbruzzese & Moura Estética - Vila Brandina

Brazil Healthcare, Hygiene, Medical Aesthetics and Cosmetics Espaçolaser Private

Shareholders

Espaçolaser Barretos Brazil Healthcare, Hygiene, Medical Aesthetics and Cosmetics Espaçolaser Private

Shareholders

Ativos Espaçolaser São Gonçalo Brazil Healthcare, Hygiene, Medical

Aesthetics and Cosmetics Espaçolaser Espaçolaser São Gonçalo

JV Cobasi Omni Brazil Distribution and Retail; Internet

Grupo Cobasi, Grupo Omni -

PRACTICE AREAS

· Civil, Commercial, and Consumer Law

· Contract Law

· Real Estate

· Corporate Law

· Compliance

· Health Law

· Wealth and Succession Planning

· Dispute Resolution

· Arbitration and ADRs

· Civil Litigation

· Civil Pre-Litigation

· Judicial Reorganization and Bankruptcy

· Intellectual Property Law

· Data Protection

· Franchising

· Labor and Employment Law

· Mergers & Acquisitions (M&A)

· Social Security Law

· Tax Law

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

TIMONER E NOVAES ADVOGADOS TTR ID | 13303

TEAMAndrea Felici Viotto [email protected]

José Roberto Pirajá Ramos Novaes [email protected]

Roberto Timoner [email protected]

Carlos André Teixeira Ramos Novaes [email protected]

ABOUT US

Founded in 2000, TNADV - Timoner e Novaes Advogados has developed its practices with the purpose of providing legal services of excellence and collaborating with its clients to help them succeed.

Based on this principle, TNADV is a legal boutique focused in deeply understanding its clients’ business and real needs, acting synergistically and providing tailor made solutions, with a hands-on approach of its main partners.

The firm’s growth has been strongly driven by the recognition and endorsement from clients and third parties of TNADV’s value added proposition to the cases and clients, a characteristic that has contributed to nurture and expand the firms’ long lasting relationships.

Such growth is followed by the consolidation of TNADV’s reputation, in both local and international markets, as an active and recognized law firm in different business segments and law fields.

The firm has a strong foot print in corporate transactions, encompassing M&A, Private Equity, Venture Capital, Start Ups, corporate and family restructuring, as well as Project Finance and certain capital markets segments.

In addition, TNADV stands out in: real estate deals (from land and area acquisition, to real estate structuring, such as development, malls or allotments, including fund raising in the capital markets, structuring of financing and Joint Ventures); litigation matters involving complex civil, administrative and tax litigations (including arbitrations; credit recovery and other strategic demands from its clients), counting with a senior and experienced team of tax advisors that support its clients transactions and corporate needs.

Among the industries covered by TNADV, the following are particularly highlighted: agribusiness, real estate, infrastructure (energy, logistics, etc.), healthcare, information technology (IT), financial markets and insurance. TNADV has been recognized as one of the most admired Law Firms in Brazil since 2011 by Análise 500; one of the most active Brazilian M&A Law Firms by TTR and also acknowledged by The Legal 500 Latin America.

START OF ACTIVITY | 2000

CONTACTS

SÃO PAULO Av. Nove de Julho, 4939 - 7th floor 01407-200 São Paulo-SP

TELEPHONE +55 (11) 2163-0150

EMAIL [email protected]

WEBSITE www.tnadv.com.br

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TRANSACTIONAL HIGHLIGHTS

Target Country Subsector Buyer Seller

Verescence Brasil Vidros BrazilGlass, Ceramic, Paper, Plastics, Wood and Timber

Wheaton Brasil Vidros Verescence Luxembourg Holdings

Residencial VHouse Brazil Real Estate JFL Realty The Related Group

Propriedae agricola no Maranhão Brazil Agriculture, Agribusiness,

Farming and Fishing BrasilAgro Private Shareholders

Propriedade Agrícola São Raimundo das Mangabeiras Brazil Real Estate Imobiliária Ceibo Agroserra

Campinas 25 Empreendimentos Imobiliários

Brazil Construction (Materials and Machinery)

Private Shareholders, Iron Capital

Private Shareholders, FACT Enterprise FIP

Elavon do Brasil Brazil Financial and Insurance Stone Pagamentos Elavon, Citibank Brasil

MoIP Brazil Financial and Insurance; Technology Wirecard

Aci1 Participações, Private Shareholders, Ideiasnet

Aliança Agríola do Cerrado BrazilDistribution and Retail; Agriculture, Agribusiness, Farming and Fishing

Sodrugestvo Group Cooperativa Carol

Logbras Brazil Real Estate; Transport, Aviation and Logistics

Private Shareholders, TRX Holding Investimentos e Participações

Property Brasil

Edifício Elza de Barros Carnero Brazil Real Estate KSM Realty

Boulevard Faria Lima Empreendimento Imobiliario

Sieve Group Brasil Brazil Internet; Technology 8M Participações Private Shareholders, Usina Internet Group

uMov.me Brazil Technology Trevisan Tecnologia, Private Shareholders TOTVS Ventures

Carteira de Segurados (Saúde) Brazil

Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Unimed Seguros Saúde

Tempo Saúde Seguradora

Seventeen Tecnologia Brazil Technology TOTVS Brasil Sales Private Shareholders

Aotec Brazil Distribution and Retail Leica Microsystems Private Shareholders

PRX Soluções, P2RX Soluções Brazil

Technology; Agriculture, Agribusiness, Farming and Fishing

TOTVS Private Shareholders

uMov.me Brazil Technology TOTVS Ventures Trevisan Tecnologia

Óticas Carol Brazil Distribution and Retail

3i Brazil, Private Shareholders, Neuberger Berman, Siguler Guff & Company

Private Shareholders

Hencorp Commcor DTVM Brazil Financial and Insurance Private Shareholders Hencorp Group

Companhia Sulamericana de Cerâmica Brazil Distribution and Retail Eternit, Organización

Corona -

Usina Mandu Brazil Agriculture, Agribusiness, Farming and Fishing; Biofuel Cruz Alta Participações Private Shareholders

Usina Ouroeste Açúcar e Álcool, Usina Guariroba, Usina Itapagipe Açúcar e Álcool, Usina Frutal Açúcar e Álcool

Brazil Agriculture, Agribusiness, Farming and Fishing Bunge Usina Moema

Empreendimento 106 Seridó Brazil Real Estate GTIS Partners Construtora São

José, Klabin Segall

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

TOZZINIFREIRE ADVOGADOS TTR ID | 5308

TEAMMarcela Waksman Ejnisman CO-HEAD Corporate/M&A [email protected]

Maria Elisa Gualandi Verri CO-HEAD Corporate/M&A [email protected]

Francisco Eumene Machado de Oliveira Neto PARTNER Corporate/M&A [email protected]

João Busin PARTNER Corporate/M&A [email protected]

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. We have played a major role in many of the most significant transactions in the Brazilian market, becoming one of the largest and most prestigious firms in Latin America. With fully-owned offices in several cities in Brazil, we are able to guarantee our clients the same outstanding services and one-firm resource throughout the country.

TozziniFreire is one of the leaders in Brazil’s M&A market involving closely- and publicly-held companies and also investment funds. Our team have solid experience in the preparation, review and negotiation of investment agreements, purchase and sale of shares and assets, incorporation of associations, joint ventures and strategic alliances in all market segments.

Our lawyers are ranked in the most important legal guides and rankings, being recognized for their excellence and client business oriented-mind, as well as the ability to provide prompt responses and innovative, ethical and constructive negotiating approaches towards problem-solving.

The full-service structure is another important feature of our law firm. The practice areas work fully integrated, guaranteeing reliability and 360° services to the transaction, from structuring the deal, conducting the due diligence and negotiating the transaction documents to assisting in the transaction closing.

TozziniFreire’s M&A practice is constantly recommended by  Chambers Global  and  Chambers Latin America. We are also among the best Latin American law firms according to The Legal 500, Latin Lawyer 250 and IFLR1000.

CONTACTS

HEADQUARTERS Rua Borges Lagoa, 132804038-904. São Paulo, SP, Brazil

TELEPHONE +55 (11) 5086-5000

EMAIL [email protected]

WEBSITE www.tozzinifreire.com.br

START OF ACTIVITY | 1976 N.º OF EMPLOYEES | 1.052

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INTERNATIONAL MEMBERSHIPS

· IBA (International Bar Association) · ABA (American Bar Association) · WLG (World Law Group) · SCCE (Society of Corporate Compliance and Ethics) · IPBA (Inter-Pacific Bar Association)

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, 2018. Recognized as Elite Law Firm in Brazil. · Latin Finance Deal of the Year. Winner in 2015 and 2017. · LACCA Top 100, 2018. 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.

TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller Value (BRLm)

Fibria Celulose Brazil Forestry Suzano Papel e Celulose

Votorantim Participações, BNDESPar 36.700,00

Piraquê Brazil Food M. Dias Branco Private Shareholders 1.550,00

Ale Combustíveis Brazil Oil & Gas GlencoreSat Participações. Darby Private Equity. Grupo Asamar

1.700,00

Consumer Health Business Merck Germany Healthcare Procter & Gamble. Merck Group 14.400,00

Zema Petróleo. Zema Diesel. Zema Importação

Brazil Oil & Gas Total Lubrificantes do Brasil

Ricardo Zema Participações. Private Shareholders Brasil

500,00

Arysta Estados Unidos Agribusiness

UPL Corporation Abu Dhabi Investment Authority (ADIA), TPG Capital

Agricultural Solutions Holdings 15.845,50

Getnet Adquirência e Serviços para Meios de Pagamento S.A.

Brazil Finance Banco Santander Brasil S.A.

Manzat Inversiones AUU S.A. and Guilherme Alberto Berthier Stumpf

1.431,00

Unidade Processadora de Carne Suína Brazil Food Seara Brasil Adelle Foods 120,00

Cimento Vencemos do Amazonas Brazil Construction Votorantim

Cimentos N/NE

Cemex Latam Holdings. Corporación Cementera Latinoamericana Espanha

119,62

Concessão Termelétrica de Resíduos Brazil Energy Jingjiang Foxx Inova Ambiental Confidential

Serya Alimentos Brazil Food Industry

McCain do Brasil Alimentos

Mirante Participacoes Private Shareholders Confidential

Litoral Sul Transmissora de Energia Brazil Energy EDP - Energias

do Brasil Brafer. CEE Power Confidential

*Advised entities are written in bold.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

VEIRANO ADVOGADOS TTR ID | 5406

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 lawyers 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 industry, 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 continuous dedication to clients is consistently recognized by leading industry publications, such as Chambers Global, Chambers Latin America, 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 (GALA), Islamic Finance Advisors (ISFIN), Ius Laboris and World Services Group (WSG).

Veirano. Results-oriented law practice.

START OF ACTIVITY | 1972 N.º OF EMPLOYEES | A team of more than 600 lawyers, including 74 partners and 180 associates.

CONTACTS

RIO DE JANEIRO

Av. Presidente Wilson, 231,25th floor20030-021, Rio de Janeiro, RJ

TELEPHONE +55 (21) 3824 4747

PORTOALEGRE

Av. Dr. Nilo Peçanha 2900,15th floor91330-001, Porto Alegre, RS

TELEPHONE +55 (51) 2121 7500

E-MAIL [email protected]

SÃO PAULO Av. Brig. Faria Lima, 3477,16th floor04538-133, São Paulo, SP

TELEPHONE +55 (11) 2313 5700

BRASÍLIA SCS Qd. 9 Lt. C, Ed. Parque CidadeCorporate, Torre A, 12th floor, 120370308-200, Brasília, DF

TELEPHONE +55 (61) 2106 6600

WEBSITE www.veirano.com.br

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TRANSACTIONAL HIGHLIGHTS

Target Country Subsector Buyer Seller Value (BRLm)

JV Duratex Lenzing Brazil Glass, Ceramic, Paper, Plastics, Wood and Timber

Duratex, Lenzing - USD 1b

CPFL Renováveis Brazil Electric Energy; Biomass; Wind Energy

State Grid Brazil Power Participações

Private Shareholders 4.100,00

Mineração Maracá Indústria e Comércio Brazil Mining Lundin Mining Yamana Gold 3.979,63

Lwarcel Brazil Glass, Ceramic, Paper, Plastics, Wood and Timber

RGE - Royal Golden Eagle Grupo Lwart 2.500,00

Maxam Spain Chemical and Chemical Materials. Rhône Capital Advent International

(Global) 1.179,85

Onix Desenvolvimento Imobiliário Brazil Real Estate

Vitacon, 7 Bridges Capital Partners

- 500,00

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; Transports, Aviation and Logistics; Courier

Brink's Brazil Private Shareholders 483,36

RCB Investimentos Brazil Consultoria, Auditoria e Engenharia

Banco Bradesco

Pra Group Brazil Investimentos e Participacoes

224,00

Habraset Hoteleira Brazil Turismo, Hotelaria, Restaurantes XP Hotéis Fii

Setin Incorporadora, Hotelaria Accorinvest Brazil

190,00

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 compliance; 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 entertainment; 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: agribusiness; 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.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

ZANCAN, ALMEIDA E SILVA ADVOGADOS TTR ID | 13229

TEAMLeandro L. Zancan FOUNDING PARTNER [email protected]

Pedro G.V. Almeida e Silva FOUNDING PARTNER [email protected]

ABOUT US

Zancan, Almeida e Silva Advogados has a vast experience in Business Law, especially in the áreas of Corporate, Capital Markets, Infrastructure, Tax, Civil Litigation, Arbitration and Mediation, Real Estate, 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, Almeida e Silva Advogados is focused in developing sophisticated, complex and effective business solutions based on the deepest knowledge of the demands of its clients, whether national or foreigners.

All the work has a direct and permanent participation of its partners, who have the vast experience in the treatment of solutions for publicly held or private companies.

The many years’ experience of the partners in structuring and participating in all types of corporate 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 our services, which extends to all areas of law.

START OF ACTIVITY | March 25, 2010 N.º OF EMPLOYEES | 20-30

CONTACTS

SÃO PAULO Av. Brigadeiro Faria Lima, 3355 17º andar. 04.538-133 Itaim BibiSão Paulo, São Paulo, Brazil

TELEPHONE + 55 11 33726550

EMAIL [email protected]

WEBSITE www.zaslaw.com.br

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TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller Value (BRLm)

Ourolac Brazil Food Industry OuroPar Siguler Guff & Company ND

Via Varejo Brazil Retail Banco Santander

Grupo Pão de Açúcar 217,50

Sadenco Brazil Infrastructure Cofely (Engie) - ND

*Advised entities are written in bold.

PRACTICE AREAS

· Corporate Law

· Publicly held companies

· Regulatory and enforcement

· M&A

· Infrastructure

· Contracts

· Tax

· Arbitration and Mediation

· Civil Litigation

· Real Estate

· Estate/Succession Planning

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

ACORN ADVISORY TTR ID | 74084

TEAM

Philippe Mari FOUNDING PARTNER [email protected]

Bruna Vianna MANAGING PARTNER [email protected]

Felipe Itaboraí FINANCIAL ANALYST [email protected]

Andrea Meyer FINANCIAL ANALYST [email protected]

Gabriel Silva FINANCIAL ANALYST [email protected]

ABOUT US

Acorn is a leading independent M&A boutique. We provide Buy Side, Sell Side and Capital Raising services, with expertise in Technology, Business Outsourcing, Health, Consumption and Environmental Services. We believe that by maintaining the highest standards of excellence we can create a firm unlike any other in terms of capabilities to advise on strategic transactions, dedication to our clients, experience and professionalism. We always aim for customized negotiation structures that maximizes the operation´s value and increases chances of success.

PRACTICE AREAS

· Valuation

· Buy Side and Sell Side

· Advisory in Sale and Capital Raising

· Preparation for M&A

CONTACTS

SÃO PAULO Rua Leopoldo Couto de Magalhães Junior nº 1098 cj 57 Itaim Bibi São Paulo, SP

TELEPHONE +55 (11) 3375 7029

EMAIL [email protected]

WEBSITE www.acornad.com.br

START OF ACTIVITY | 2015 N.º OF EMPLOYEES | 1-50

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TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller

SM21 Brazil Construction, Materials and Machines ONET GROUP Private Shareholders

Hotmart Brazil Internet Private Private Shareholders

Transviva Brazil Security ONET GROUP Private Shareholders

Centro Serviços Brazil Consulting, Auditing and Engineering ONET GROUP Private Shareholders

AGT Brazil Cleaning and Recycling BR Multirésiduos Private Shareholders

I4PRO Brazil Technology Ângulo Capital Private Shareholders

*Advised entities are written in bold.

INTERNATIONAL MEMBERSHIPS

With more than 4 years of experience and a vast network with international partners, Acorn Advisory has access to the main investor’s markets. Its constant relationship with European strategic investors gives Acorn a much broader market view and the ability to monitor their intention to invest in Brazil

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

BATELEUR TTR ID | 134159

TEAM

Fernando Andre Marchet CEO - CHIEF EXECUTIVE OFFICER [email protected]

Andreas Stampe MANAGING DIRECTOR [email protected]

André Henrique Trein PARTNER andré[email protected]

Arnaldo Prieto PARTNER [email protected]

Caio Debiase PARTNER [email protected]

Ernani Carvalho da Costa Neto PARTNER [email protected]

Iarlen Machado PARTNER [email protected]

Marcelo Sanvitto PARTNER [email protected]

Mário Luis Caetano da Silva PARTNER [email protected]

Rodrigo Franco Lima PARTNER [email protected]

ABOUT US

A company conceived, planned and structured according to the wealth of every detail. The services offered to clients have been developed with excellence within an environment of accurate planning, a trademark of this company. Each services has been molded and prepared to suit the particularities and individuality of each client. The executive team, with vast experience in conducting business in several sectors, projects and highly complex transactions, combines knowledge and unique academic formation with effective commitment to client business, establishing solid long-term relations that result in the capacity to establish precise strategies that generate value for contractors.

CONTACTS

PORTO ALEGRE

Av Carlos Gomes, 400 – sala 1103 90.480-900 AuxiliadoraPorto Alegre, Rio Grande do Sul.

TELEPHONE +55 51 3907-1082

EMAIL [email protected]

WEBSITE www.bateleur.com.br

START OF ACTIVITY | 05 Jul 2011 N.º OF EMPLOYEES | 24

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PRACTICE AREAS

· Mergers and Acquisitions

· Strategic and Financial Advice

· Business Advice and Special Projects

· Raising Funds

· Financial Restructuring Plans

· Marketing and Strategic Planning

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

BRADESCO BBI TTR ID | 2755

TEAM

Alessandro Farkuh MD Head of Investment Banking [email protected]

Pedro Quintão DIRECTOR Head of Mergers and Acquisitions [email protected]

ABOUT US

Bradesco BBI, the investment bank of Bradesco Organization, is responsible for the origination, structuring, execution and distribution of operations in mergers and acquisitions, equity capital markets, fixed income, structured and project finance segments. Bradesco BBI has a highly skilled and experienced team that benefits from synergetic relationships between the various business units of Banco Bradesco S.A.

CONTACTS

SÃO PAULO Av. Brigadeiro Faria Lima, 3064, 10th floor01451-000, São Paulo, SP, Brazil

TELEPHONE +55 11 3847 5000

EMAIL [email protected]

WEBSITE www.bradescobbi.com.br

START OF ACTIVITY | 2006 N.º OF EMPLOYEES | 280

BRANCHES

LONDON 110 Bishopsgate, 25th Floor EC2N 4AY, London, United Kingdom

NEW YORK 450 Park Avenue, 32nd floor10022, New York, NY, United States

HONG KONG Level 19 Two International, Finance Centre, 8 Finance StreetHong Kong, China

TELEPHONE +44 0 20 7382 0070

TELEPHONE +1 212 688 8258

TELEPHONE +852 2251 8717

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TRANSACTIONAL HIGHLIGHTS

Target Country Subsector Buyer Seller Value (BRLm)

Fibria Celulose Brazil Pulp & Paper Suzano Papel e Celulose

Votorantim and BNDESPar 36700

Keystone Foods USA Protein Tyson Foods Marfrig 5420

EDP Pequenas Centrais Hidrelétricas, Santa Fé Energia

Brazil Power Statkraft Energias Renováveis EDP – Energias do Brasil 591

CESP Brazil Power Consórcio São Paulo Energia

Governo do Estado de São Paulo 1721

BCPAR Brazil Cement Buzzi Unicem Controlling shareholders 700

Iguá Saneamento Brazil Sewage IG4 Capital AIMCo 400

Algar Telecom Brazil Telecom Archy Algar Ventures 1000

Uniasselvi Brazil Education Neuberger Berman Carlyle and Vinci Partners 380

National Beef EUA Protein Marfrig Controlling Shareholders 3708

Enel Distribuição São Paulo Brazil Power Enel Brasil Controlling Shareholders 7061

INVESTMENT BANKING

M&A: Full advisory for mergers, acquisitions, divestitures and corporate restructurings for domestic and cross-border transactions.

Fixed Income: Full advisory for coordination, structuring and distribution of debt instruments, including debentures, promissory notes, CRIs, real estate funds, FIDCs and bonds in Brazil and abroad

Equity Capital Markets: Full advisory for coordination, structuring, brokering and distribution of public offerings of shares in local and international capital markets

AWARDS

· Best Investment Bank in Brazil and Best M&A Bank in LatAm in 2018 by Global Finance

· Ranked #1 in value of announced M&A transactions in Brazil – 2018 Bloomberg ranking

· Most Innovative Investment Bank from Latin America in 2018 by The Banker

· LatAm M&A Firm of the Year and Brazil M&A Firm of the Year in 2018 by Global M&A Network

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

BRADESCO PRIVATE EQUITY TTR ID | 28044

TEAM

Rafael Padilha de Lima Costa MANAGING DIRECTOR [email protected]

Manuel Maria Pulido Garcia Ferrao de Sousa DIRECTOR [email protected]

Guilherme Rochlitz Quintao PRINCIPAL [email protected]

Daniel Aguilar Andrijic Malandrin PRINCIPAL - Head of Inovabra Ventures [email protected]

Leandro Kakumu Kayano PRINCIPAL [email protected]

ABOUT US

Bradesco Private Equity is responsible for the private equity and venture capital arms of Banco Bradesco, the 2nd largest non-government owned Brazilian bank. BPE partners-up with high quality entrepreneurs and management teams to foster sustainable organic and inorganic growth of its portfolio companies to deliver exceptional returns to its investors. With flexibility to structure investments from startups to medium and large-sized companies, BPE has made 15+ investments and 5+ exits. It currently manages commitments in excess of R$2.4 billion.

The private equity arm invests in segments relevant to Brazil's current development stage, including sectors such as technology, health, consumer, retail, education, and targets investments from R$300 million in minority and shared control stakes in medium and large-sized Brazilian companies.

Inovabra Ventures, the venture capital arm, invests up to R$50 million in startups with innovative and potentially disruptive business models/technologies. It aims to invest in startups related to AI, algorithms, digital platforms/marketplaces and infrastructure/blockchain.

START OF ACTIVITY | 2007 N.º OF EMPLOYEES | 20+

CONTACTS

SÃO PAULO Av. Brigadeiro Faria Lima, 3064 - São Paulo, SP  - Cep.: 01451-000

TELEPHONE +55 (11) 2169-9059

INOVABRA HABITAT

SÃO PAULO Av. Angélica, 2529 - Bela Vista, São Paulo - SP, 01227-200

FARIA LIMA TOWER

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PRACTICE AREAS

· Private Equity

· Venture Capital

TRANSACTIONAL HIGHLIGHTS

PRIVATE EQUITY

Target Country Subsector Buyer Seller

WDC Brazil IT Equipment Distributor

2bCapital Brasil Capital de Crescimento I - FIP WDC

Corpflex Brazil Cloud Services 2bCapital Brasil Capital de Crescimento I - FIP Corpflex

Aramis Brazil Retail 2bCapital Brasil Capital de Crescimento I - FIP & NC Par FIP Aramis

Leveros Brazil Air Conditioning Distributor

2bCapital Brasil Capital de Crescimento I - FIP Leveros

Ourolac Brazil Food ingredients 2bCapital Brasil Capital de Crescimento I - FIP Ourolac

H Hemo Brazil Hemotherapy 2bCapital Brasil Capital de Crescimento II - FIP H Hemo

VENTURE CAPITAL

Target Country Subsector Buyer Seller

Semantix Brazil Big Data and AI Solutions

FIP Multiestratégia Inovabra I - Investimento no Exterior Semantix

R3 Brazil Enterprise blockchain software firm

FIP Multiestratégia Inovabra I - Investimento no Exterior R3

Cuponeria Brazil Discount coupons distributor

FIP Multiestratégia Inovabra I - Investimento no Exterior

Cuponeria & Verus Group

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

DELOITTE BRASIL TTR ID | 3342

TEAMFINANCIAL ADVISORYEduardo Martins PARTNER [email protected]

Reinaldo Grasson PARTNER [email protected]

Ronaldo Xavier PARTNER [email protected]

Eduardo Oliveira PARTNER [email protected]

Jose Paulo Rocha PARTNER [email protected]

Alano França PARTNER [email protected]

Luis Vasco PARTNER [email protected]

Eduardo Raffaini PARTNER [email protected]

Waderson Mergulhão PARTNER [email protected]

Claudia Baggio PARTNER [email protected]

ABOUT US

Deloitte provides audit, consulting, financial advisory, risk management and tax to public and private clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500® companies through a globally connected network of member firms in more than 150 countries bringing world-class capabilities, insights, and high-quality service to address clients` most complex business challenges. To learn more about how Deloitte`s approximately 286.000 professionals make an impact that matters, please connect with us on Facebook, LinkedIn ou Twitter.

OFFICES IN BRAZIL

Brasília, Belo Horizonte, Campinas, Curitiba, Fortaleza, Joinville, Porto Alegre, Recife, Ribeirão Preto, Rio de Janeiro, Salvador and São Paulo.

FINANCIAL ADVISORY SOLUTION’S

Deloitte supports organizations in the most diverse Corporate transactions and their business chal-lenges: from merger and acquisition transactions to reorganization processes; from business valuations to the management of your assets.

CONTACTS

SÃO PAULO Avenida Dr. Chucri Zaidan, 1.24012th floor, Golden TowerSão Paulo, SP, 04711-130

TELEPHONE +55 (11) 5186 1000

WEBSITE www.deloitte.com.br

START OF ACTIVITY | 1911 – start of operations in Brazil from the Rio de Janeiro office.

N.º OF EMPLOYEES | More than 286.000 professionals

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Below is a summary of our portfolio of Financial Advisory solutions:

· Corporate Finance Advisory (it includes M&A and Debt & Capital Advisory)

· M&A Transaction Services (due diligence)

· Reorganization of Companies and Judicial Administration

· Global Investment and Innovation Incentives (it includes tax incentives and site location)

· Integrated Asset Management (it includes Capital Projects)

· Business Valuation Advisory

· Forensic

CORPORATE FINANCE ADVISORY AND M&A

Advisory to organizations in the most diverse cor-porate transactions and their business challenges — from merger, sale or acquisition transactions to fund raising to expand their activities or reorganize their capital structure. We also support the busi-ness integration process.

REORGANIZATION OF COMPANIES AND JUDICIAL ADMINISTRATION

Advisory to organizations in all stages of the busi-ness cycle, from operational reorganizations to invert the drop in performance and adapt to the market conditions to the financial restructuring during a possible pre-solvency stage, by helping recovering the business value. We have a solid pres-ence in judicial administration processes as well.

INTEGRATED ASSET MANAGEMENT

Deloitte offers specialized support to organizations to assess their investment options — through acquisition or constrution — and assist in the con-trol efforts and cost reduction and maximization of the potential capital and shareholders’ return.

Due to the complexity of major projects, Deloitte offers a team specialized, composed by engineers with experience in the construction industry, to assist in the evaluation of possible risks when investing in an intensive building capital project.

BUSINESS VALUATION ADVISORY

Deloitte helps organizations to solve business chal-lenges and complex transactions with business valua-tion, independent review, and business modeling.

FORENSIC

Deloitte has work teams with professional certifica-tion, proven experience in crisis situations and the most modern systems and equipment to offer advi-sory and solutions for situations involving corporate fraud investigation, due diligence, and anticorruption programs, as well as advisory on court litigation and arbitration.

COMPLETE UNIQUE SOLUTIONS FOR MERGER AND ACQUISITION

Complete set of solutions to assist organizations and investors in all phases of a M&A operation, from the strategy definition going through the steps of identifying and evaluating targets, due diligence, transaction execution and integration to the divestment.

DEBT & CAP ITAL ADVISORY

We provide services with excellence from a deep knowledge and a broad understanding of the debt markets. In addition, our relationship with banks and financial institutions is critical to achieving the goals of the organization.

KEY INDUSTRIES SERVED

Financial Services Industry, Industrial Products, Consumer Products, Life Sciences and Health Care, Oil & Gas, Real Estate, Retail, Wholesale & Distribu-tion, Technology, Media and Telecommunications, Transportation, Travel, Hospitality & Services, Auto-motive, Education, Mining, among others.

COUNTRY DESKS

China, France, Germany, Japan, Korea, North Amer-ica and United Kingdom.

We are part of an international network present in over 150 countries enabling us to share substantial information and to be on top of the latest global trends and policy developments.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

EXCELIA CONSULTORIA, GESTÃO E NEGÓCIOS TTR ID | 28610

TEAMAndre Schwartzman EXECUTIVE DIRECTOR [email protected]

Daniel Alouan PROJECT DIRECTOR [email protected]

Fabian Magalhães EXECUTIVE DIRECTOR [email protected]

Leonardo Toscano FOUNDING PARTNER / SUPERINTENDENT DIRECTOR [email protected]

Mauro Lima EXECUTIVE DIRECTOR [email protected]

Meire Stuchi DIRECTOR [email protected]

Rodrigo Wertz EXECUTIVE DIRECTOR [email protected]

Vinicius Costa EXECUTIVE DIRECTOR [email protected]

ABOUT US

Excelia is a management consulting firm focused on value creation, with an execution-oriented approach. While a traditional consulting firm reports recommendations, we implement value-creation initiatives generating concrete results and value for the shareholders.

Solutions for companies facing challenges due to sharp growth, financial distress requiring restructuring, succession planning and execution, corporate governance, preparation and conducting of IPO are some of the cases we have in our 10 year history.

Our project cycle involves: Analysis of current performance, planning of short and long-term value creation initiatives, implementation and execution of value initiatives for a new reality, attracting new capital and preparing for a new growth cycle with a long-term vision.

CONTACTS

SÃO PAULO Praça General Gentil Falcão, 108 5º floor – Brooklin Novo - SP

TELEPHONE +55 11 2613-5065

EMAIL [email protected]

WEBSITE https://en.excelia.com.br

START OF ACTIVITY | 06/April/2009 N.º OF EMPLOYEES | 43

BRANCHE ERE - Excelia Real Estate

SÃO PAULO Praça General Gentil Falcão, 108 5º floor – Brooklin Novo - SP

TELEPHONE +55 11 2613-5065

WEBSITE https://excelia-re.com.br

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PRACTICE AREAS

· Management Consulting: Strategic vision combined with implementation of tactical actions.

· Interim Leadership: Supporting value generation initiatives.

· M&A – Mergers & Acquisitions: Enabling increased value in a transaction throughout the life of the process.

· Real Estate Solutions: Financial and strategic solutions in real estate.

· Recovery and Judicial Administration: Accredited to act in favor of judges and companies in judicial organization processes.

TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller Value (BRLm)

Industrial plant Brazil Textile Horus|GGR Covolan Industria Têxtil 71,8

Value Generation Brazil Healthcare - Hospital e Maternidade

Dr Christovão da Gama 25,56

Value Generation Brazil Industry - Industry Sector 41.7

Aços Macom Brazil Industrial Hoshizaki Private shareholders ND

Bace Healthcare Brazil Healthcare Hartmann Private shareholders ND

Tecnocold Vacinas Brazil Healthcare Grupo Mafra Private shareholders ND

*Advised entities are written in bold.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

IGC PARTNERS TTR ID | 5241

TEAMAndré Pereira PARTNER [email protected]

Daniel Milanez PARTNER [email protected]

Dimitri Abudi PARTNER [email protected]

Felipe Toja PARTNER [email protected]

Flavia Silveira PARTNER [email protected]

João Andrade PARTNER [email protected]

Juliana Lobo PARTNER [email protected]

Ludimila Mangili PARTNER [email protected]

Priscila Pacheco PARTNER [email protected]

Thiago Dias PARTNER [email protected]

ABOUT US

IGC Partners was founded in 1997 and is the largest independent M&A boutique in Brazil, with a team of 50 professionals entirely dedicated to M&A. Since our inception, we have closed more than 200 transactions. At IGC each project is handled by a focused and experienced team. This structure enables the tailored execution of strategies of national and international companies engaging in local or cross-border transactions. IGC has established a unique network with an extremely large number of companies and investors locally and abroad. This empowers IGC with the in-depth knowledge to advise investors, shareholders, boards of directors and corporate executives in their main strategic and financial decisions.

PRACTICE AREAS

We are the leading advisor in total or partial sale operations, fund raising, mergers, acquisitions, joint-ventures and strategic alliances.

INTERNATIONAL MEMBERSHIPS

· igc partners is Oaklins' member firm in Brazil. Oaklins is a global M&A advisory firm, with dedicated experts covering 15 industries in 40 countries and track record of over 1,500 closed deals in the past five years.

CONTACTS

SÃO PAULO Avenida Brigadeiro Faria Lima, 2277 6 andar – São Paulo, SP - Brazil

TELEPHONE +55 11 3815 3533

EMAIL [email protected]

WEBSITE www.igcp.com.br

START OF ACTIVITY | 1997 N.º OF EMPLOYEES | 50

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TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller

União Participações Brazil Auto parts retail Fortbras Autopeças União Participações

Fortgreen Comercial Agrícola Brazil Fertilizers Origin Fortgreen

Poupafarma Brazil Distribution and Retail Stratus Poupafarma

Decora Brazil Technology CreativeDrive Decora

Femme Laboratório Brazil Healthcare L. Catterton Femme

Grão de Ouro Agronegócios Brazil Distribution and Retail Aqua Capital Grão de Ouro

Agronegócios

Ferrari Zagato Brazil Distribution and Retail Origin Ferrari Zagato

Texlog Brazil Transport, aviation and Logistics

Sequoia Logística e Transportes Texlog

Habraset Hoteleira Brazil Tourism, hotel and restaurants XP Asset Management Setin

Padtec OTN Serviços e Projetos de Engenharia e Telecomunicações

Brazil Telecommunications IPG Photonics Padtec

*Advised entities are written in bold.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

JK CAPITAL TTR ID | 36994

TEAMAnibal Braga Jorge Neto ASSOCIATE [email protected]

Daniel Estevam Damiani MANAGEMENT PARTNER [email protected]

Luis Alberto Mazarella Martins MANAGEMENT PARTNER [email protected]

Marcell Portugal de Oliveira MANAGEMENT PARTNER [email protected]

Salomão Garson ASSOCIATE [email protected]

Saulo Sturaro MANAGEMENT PARTNER [email protected]

Victor Jun Higa ASSOCIATE [email protected]

ABOUT US

JK CAPITAL is an investment banking firm offering: High impact value-driven services for companies, integrated solutions for companies in different stages of development, experienced and engaged professionals tracking each step of the project and extensive network of local and international partners.

PRACTICE AREAS

· Corporate finance advisory

· Mergers & Acquisitions advisory

· Debt capital markets.

CONTACTS

SÃO PAULO Av. Nove de Julho, 4939 1º Andar - Conj. 14A 01407-100 Jardim EuropaSão Paulo, São Paulo, Brasil

TELEPHONE +55 11 5184-6970

EMAIL [email protected]

WEBSITE www.jkcapital.com.br

START OF ACTIVITY | 30/09/2011 N.º OF EMPLOYEES | 18

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249

TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller

Vivace – Residencial de Idosos Brazil Senior Living Sis Group (Orpea) Private Shareholders

Centro Educacional Leonardo da Vinci (CELV) Brazil Education – K12 Kroton Private Shareholders

Faculdade de Educação de Bacabal (Febac) Brazil Higher Education Kroton Private Shareholders

Ultra-X Dagnóstico por Imagem Brazil Diagnostic

MedicineUnique – Medicina Diagnóstica e Preventiva Private Shareholders

H.Hemo Hemoterapia Brasil S.A. Brazil Blood Banks and

Hemotherapy 2b Capital Hemopar

Fujisan Brazil Blood Banks and Hemotherapy

H.Hemo Hemoterapia Brasil S.A. Private Shareholders

BioClínica Brazil Blood Banks and Hemotherapy

H.Hemo Hemoterapia Brasil S.A. Private Shareholders

Hemoclínica Brazil Blood Banks and Hemotherapy

H.Hemo Hemoterapia Brasil S.A. Private Shareholders

Centro Educacional Lato Sensu Brazil Education – K12 Kroton Private Shareholders

Serviço de Hemoterapia de Santa Maria Brazil Blood Banks and

HemotherapyH.Hemo Hemoterapia Brasil S.A. Private Shareholders

*Advised entities are written in bold.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

JMB ADVISORS TTR ID | 128295

TEAMEvandro Bazan de Carvalho Junior FOUNDING & MANAGING PARTNER [email protected]

Omar Jabur FOUNDING PARTNER [email protected]

Vicente Marques FOUNDING PARTNER [email protected]

Fernando Lopes Kireeff PARTNER [email protected]

Tales Destro Abdo SENIOR ASSOCIATE [email protected]

Raony Rolim Galvão Pereira SENIOR ASSOCIATE [email protected]

Wesley Sato ASSOCIATE [email protected]

Carlos Ricci ASSOCIATE [email protected]

Carla Pereira ANALYST [email protected]

Renan Tutida ANALYST [email protected]

ABOUT US

We are an independent financial advisory firm, solely focused on Mergers & Acquisitions. Our solution is tailor-made with expert tactical guidance to ensure our clients create value through M&A. We have an extensive track record with complex, local and cross-border deals, providing advice on a full range of transactions, such as mergers, acquisitions, joint ventures, spin-offs, and divestitures.

Our clients are attended by Senior Partners and experienced professionals with expertise in a wide range of industries.

Our performance is measured by the long-term success of our clients while our approach is unconflicted, confidential and transparent.

CONTACTS

LONDRINA Ayrton Senna da Silva Street, 500 22nd floor, room 2204, Londrina-PR, Brazil

TELEPHONE +55 (43) 3323-7322

EMAIL [email protected]

SÃO PAULO Funchal Street, 411 5th floor, room 51, São Paulo-SP, Brazil

TELEPHONE +55 (11) 3254-7374

WEBSITE www.jmba.com.br

START OF ACTIVITY | November 2012 N.º OF EMPLOYEES | 11

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TRANSACTIONAL HIGHLIGHTS*

Target Country Subsector Buyer Seller Value (BRLm)

Venco Brazil AnimalHealth Dechra Pharmaceuticals PLC

Private Shareholders 185,00

Ricolog Brazil Agribusiness Glencore PLC Private Shareholders Confidential

Glen-rico Multimodal S.A. (Joint Venture)

Brazil Agribusiness Glencore PLC Ricolog Confidential

Sabor Alternativo Brazil Health & Wellness industry Protecta Private

Shareholders Confidential

Parque das Allamandas Brazil DeathCare Brazilian Graveyard

Death Care Services - FIIPrivate Shareholders Confidential

Sotran Brazil Agribusiness Arlon Private Shareholders Confidential

Ricolog Brazil Agribusiness Sotran Private Shareholders Confidential

*Advised entities are written in bold.

PRACTICE AREAS

· Agribusiness and Food

· Corporate services

· Education

· Financial services

· Healthcare

· Infrastructure

· Logistics

· Manufacturing

· Media and Telecom

· Retail

· Technology

· Real Estate

· Wholesale.

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

SETTER INVESTIMENTOS

Founded in 2008, SETTER was created to address an increasing demand in the Brazilian economy: to support companies in achieving sustainable growth, receiving investments, enabling mergers & acquisitions and integrating new operations.

With this goal in mind, SETTER develops a line of work specialized in restructuring, monitoring and preparing companies for the future, as well as advising our clients to conduct successful M&A processes. 

SETTER goes beyond traditional consulting firms, performing situation diagnosis and implementing projects with the purpose of value creation, which are monitored within the companies. Due to our previous experiences in business management, we seek to support our clients regarding strategic repositioning / validation, implementation of financial controls, development of key performance indicators (KPIs), implementing monitoring and planning routines, prospecting new opportunities and studying projects’

viability.

PRACTICE AREAS

· Interim Management and Monitoring

· Mergers and Acquisitions (M&A)

· Fundraising and Proprietorial Investments

· Advisory in Initial Public Offer (IPO) Process

START OF ACTIVITY | Aug/2008 N.º OF EMPLOYEES | 25

TTR ID | 21319

CONTACTS

ABOUT US

SÃO PAULO Rua Joaquim Floriano, 72Cjs. 41 e 42

TELEPHONE +55 11 3073-1690

[email protected]

WEBSITE www.setterinvestimentos.com.br

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TRANSACTIONAL HIGHLIGHTS

Target Country Subsector Buyer Seller Value (BRLm)

Hospital AMIU Brazil Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Grupo NotreDame Intermédica

Private Shareholders Brazil

40,00

IANA Alimentos Brazil Agribusiness Avícola Catarinense

Private Shareholders Brazil

ND

Adlin MH Brazil

Glass, Ceramic, Paper, Plastics, Wood and Timber; Pharmaceutical, Parapharmaceutical and Cosmetics

KolplastPrivate Shareholders Brazil

ND

Femme Laboratório Brazil Healthcare, Hygiene, Medical Aesthetics and Cosmetics

CMN Solutions A041 Participações

Private Shareholders Brazil, CG I FIP

ND

GreenLine, Hospital e Pronto Socorro Itamaraty, Hospital Salvalus, Laboratório Bio Master

BrazilFinancial and Insurance; Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Grupo NotreDame Intermédica

Private Shareholders 1.200,00

Cettro - Centro de Câncer de Brasília Brazil Healthcare, Hygiene, Medical

Aesthetics and Cosmetics Alothon Group Private Shareholders ND

Almofariz, Fármacia Rhamus, Sweet Remedy Brazil

Pharmaceutical, Parapharmaceutical and Cosmetics; Healthcare, Hygiene, Medical Aesthetics and Cosmetics

- - ND

Mediplan Assistencial, Hospital Samaritano, Hospital e Maternidade Samaritano

BrazilHealthcare, Hygiene, Medical Aesthetics and Cosmetics; Financial and Insurance

Grupo NotreDame Intermédica

Private Shareholders ND

Largent Empreendimentos e Participacoes, Demás Participações

Brazil Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Grupo NotreDame Intermédica

Private Shareholders ND

Sestini Corporate Administradora e Corretora de Seguros, Alfasigma Assessoria, Vital Administradora de Beneficios

BrazilFinancial and Insurance; Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Grupo Benevix - ND

Laboratório Biovet Brazil

Pharmaceutical, Parapharmaceutical and Cosmetics; Healthcare, Hygiene, Medical Aesthetics and Cosmetics

Vaxxinova

Private Shareholders, Setter Investimentos

ND

Mediação Online Brazil Consultancy, Audit and Engineering

Private Shareholders - ND

- Transactional Track Record (www.TTRecord.com)

Corporate Profiles · Brazil

TCP LATAM TTR ID | 60974

TEAMWilbert Sanchez PARTNER [email protected]

Leonardo Ferronato PARTNER [email protected]

Fábio Flores PARTNER [email protected]

Ricardo Jacomassi PARTNER [email protected]

ABOUT US

TCP Latam is a partnership created to pursue middle-market opportunities in Latin America. Founded by highly experienced professionals with excellent relationships with financial institutions, the team has a particular expertise as executives operating companies in distressed situations across various industries. Our teams have expertise in:

· Financial and Operational Restructuring

· Turnaround

· Interim Management

· Capital raising

START OF ACTIVITY | 2008 N.º OF EMPLOYEES | 25

CONTACTS

SÃO PAULO Rua Casa do Ator, 1117, conj. 133 Vila Olímpia, São Paulo / SP Brasil

TELEPHONE +55 11 3062-8434 +55 11 3045-1359

EMAIL [email protected]

WEBSITE www.tcp-latam.com/

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TRANSACTIONAL HIGHLIGHTS

Target Country Subsector Buyer Seller

Suatrans Brazil, Chile

Prevention and response to environmental emergencies, operating in the automotive, industrial, logistics, ports, Marinas and service sectors

Ambipar Private Shareholders

NFP Automotive Brazil Environmental services Private Shareholders Private Shareholders

PRACTICE AREAS

Solutions implemented by TCP: · Performance and Results Improvement

· Financial Restructuring

· Mergers & Acquisitions

· Capital Raising

· IT Solutions

INTERNATIONAL MEMBERSHIPS

· BTGGA

· GSS

· TMA

ACKNOWLEDGEMENTSWe would like to thank all of those who have co-operated and supported us in the creation of our ninth edition of the M&A Handbook, which was published for the first time in 2011, and its success has enabled us to be more rigorous and comprehensive in the information we offer. We thank Intralinks for its support, as well as all the experts and professionals from the corporate, financial and legal sector who trusted the TTR team with all their knowledge and opinions.

8

9 ENTITIES INDEX

Entities Index · Brazil

- Transactional Track Record (www.TTRecord.com) - Transactional Track Record (www.TTRecord.com)

ENTITIES INDEX

1 100% Pet 104

2 2020 106

2bCapital 85, 101, 236–237

4 42K Investimentos 83, 123, 133, 179

9 99Taxis 100, 111, 147

A a.b.Seed 99

Accept 102

Acesso Participações 109, 130

Acesso Representações Comerciais 109, 130

Acorn Advisory 230–231

Actavis Brasil 74

Actavis Dutch Holding 74

Adams Street Partners 99, 119, 155

Advent International 41, 83, 86–87, 107, 138, 227

Adventa Capital 85

Advisia Investimentos 16, 84

Aeris Holding Costa Rica 25

Agrichem 78

Agrofy 95

Ahlstrom Brasil 72

AIMCo 105, 235

Aires Vigo Advogados 116–117

Airports Worlwide Holding 25

AJC Holding 30, 119, 129, 138, 140

Akin Gump Strauss Hauer & Feld 41, 90

Ale Combustíveis 86, 127, 139, 146, 177, 225

Algar Telecom 41, 137, 235

Algar Ventures 41, 137, 235

Allen & Overy Netherlands 16, 70, 80

Almeida Advogados 116–117

Alnutri Alimentos 35, 94

Alothon Group 85, 249

Altave 76

Alvarez & Marsal 19, 47, 102–103

Alvarez & Marsal Brasil 19

Amadeus Capital Partners 93

Âmbar Energia 16, 30, 104, 133

American Industrial Partners 87, 103

Andrade, Lacaz & Vasco ncelos Advogados 108, 116, 118, 125, 139, 141, 170, 208, 214, 242

Andreessen Horowitz 84–85, 100–101

Apax Partners 69

Appian Capital Advisory 80

Aqua Capital 69, 73, 79, 87, 243

Araujo e Fontes Advogados 116, 118

Archy (GIC Special Investments) 41, 141, 239

Ardian 91, 213

Arendt & Medernacht 41, 90

Ártica Investimentos 102–103

ASBZ Advogados 23, 90, 116, 119, 154

Ascenty 98, 105, 127, 142, 177, 213

Assis Advogados e Mediadores 72

Associação Educacional Luterana do Brasil - AELBRA 92, 113

Astella Investimentos 47, 96, 99, 128

Astella Journey III 103, 128

Astoria Capital Partners 72, 102, 104

Athena Saúde Holding 85, 112, 130

Auro Ruschel Advogados 156–157

Axxon Group 87, 99

Azevedo Sette Advogados 19, 75, 82, 116, 119

Azul Linhas Aéreas 23, 90, 119, 155

B B. V. Dordtsche Petroleum Maatschappij 25, 60

Baker Botts 29, 60, 90

Baker McKenzie Argentina 88

Banco ABC Brasil 16, 61, 94, 102, 104

Banco Bradesco  16, 19, 23, 25, 29, 41, 59, 66, 69, 72, 88, 92, 102, 104, 147, 227, 234, 236

Banco Bradesco BBI  16, 19, 23, 25, 29, 41, 59, 66, 69, 72, 88, 92, 102, 104

Brazil · Entities Index

259

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Banco BTG Pactual  16, 19, 23, 41, 59, 61, 70, 80, 82, 92, 98, 102, 105

Banco Credit Suisse Brasil 16, 19, 59

Banco do Brasil 25

Banco Fator 16, 41, 59, 61

Banco Itaú BBA  16, 19, 25, 29, 35, 59–60, 69, 72, 75, 90, 92, 98, 102, 105

Banco Itaú Unibanco 25, 113, 161

Banco J.P. Morgan do Brasil 19, 23, 59, 82

Banco Patagonia 25

Banco Santander  16, 19, 23, 41, 59, 61, 82, 98, 102, 105, 225, 229

Banco Santander Brasil 16, 23, 59, 61, 82, 98, 105, 225

Bank of America 16, 59, 61, 72, 98

Bank of America Merrill Lynch 16, 59, 61, 98

Baptista Luz Advogados 74, 116, 120, 158

Baraúna Investimentos 87

Baraunas i Energetica 107

Bateleur 102, 106, 232

BB Seguros 19, 82, 119

Bcbf Participacoes 84, 114, 148

BCPAR 66, 235

Benício Advogados 116, 120

Bernardino Tropical Participações 73, 109

Bins Indústria de Artefatos de Borracha 76

Biolab 74

Blackwall Partners 78

Blakes 78

BLU Digital Tecnologia de Mobilidade Urbana e Concessões 35

BMA – Barbosa Müssnich Aragão  16, 19, 25, 41, 59–61, 64, 70, 72, 80, 82, 86, 92, 95, 98, 100, 160

BNDES 30

BNDESPar  16, 66, 72, 104–105, 111, 113, 123, 138, 146–147, 165, 225, 235

BOGS 94

Bossa Nova Investimentos 87, 96, 99

Botelho Advogados 116, 121

Bozano Investimentos 76, 85, 93–94, 99, 103, 189, 193

BR Malls 86

BR Partners 19, 29, 53, 60, 90, 102, 106

Bramex Comércio e Serviços 35, 115, 136, 193

Brasil Plural 19, 23, 82

Brasil Private Equity III FIP 78

Brasventos Eolo Geradora de Energia 61, 104

Brasventos Miassaba 3 Geradora de Energia 61, 104

Brennand Cimentos 66

Brennand Energia 107

Bresco Investimentos 64

BRF 94

Brio Gold 16, 80, 147

Brio Gold Mineração 16, 80, 147

Btov Partners 85

Bunge 95–96, 223

Bunge Ventures 95

Buzzi Unicem 66, 235

BZPlan 89, 99

C Caieiras Indústria e Comércio de Papéis Especiais 72

Calchaquí 94

Calfinco 23, 90, 119

Campbells 53

Campos Mello Advogados 35, 116, 122

Canadian Solar 62, 141, 146

Canadian Solar UK Projects 62, 141, 146

Canary 83, 85, 89, 93, 99, 101, 128, 134

Candido Martins Advogados 73, 116, 122, 162

CARE11 110

Carlyle 92, 115, 123, 165, 235

Carrefour Brasil 114, 193

Cascione, Pulino, Boulos & Santos Advogados 116, 123

Catuaí Shopping Maringá 86

CCR 25

Cedro Capital 85, 93, 96, 99, 108, 114, 135

Cemex Latam Holdings 107, 225

Cemitério e Crematório Parque das Allamandas 110

Censi Empreendimentos 106

Centerbridge Partners 80, 83

Centrais Eolicas Assurua 61, 144

Centro Educacional Leonardo da Vinci 110, 245

Centro Universitário Luterano de Ji-Paraná 92, 113

Centro Universitário Luterano de Manaus 92, 113

Centro Universitário Luterano de Palmas 92, 113

Centro Universitário Luterano de Santarém 92, 113

Cerberus Capital Management 71, 87, 103

Cescon, Barrieu Flesch & Barreto Advogados 16, 19, 23, 59, 61, 64, 66, 70, 72–73, 88, 116, 123, 164

Entities Index · Brazil

- Transactional Track Record (www.TTRecord.com) - Transactional Track Record (www.TTRecord.com)

CESP 41, 105, 144, 201, 235

CG I FIP 109, 148, 249

Chamon Santana Sociedade de Advogados 170

Chaves, Gelman, Machado, Gilberto e Barboza Advogados  95, 116, 124–125, 136, 170, 218

Chediak Advogados 84, 116, 124

China Three Gorges 29, 59

Choate Hall & Stewart 98

Chromo Invest 83, 123, 159

Cibra 73

Cimento Vencemos do Amazonas 107, 225

Cimpor 29

Ciplan 19, 106, 213

Cleary Gottlieb Steen & Hamilton US 19, 23, 70, 88

Clifford Chance UK 41, 53, 60, 78

Clinica Radiológica Martins e Godoy 103

Clínica São Marcos 103

Cluster2Go 104, 155

CMN Solutions A041 Participações 109, 148, 249

CMN Solutions A085 Participações 74

Codeme 103

Coelho & Dalle Advogados 116, 125, 168

Coimbra & Chaves Advogados 116, 125, 170

Colegio do Salvador 114, 138

Colegio São José 109

Colegio Top Gun 109

Companhia do Metropolitano de São Paulo - Metrô 41, 105, 144, 201

Companhia Paulista De Parcerias - Cpp 41, 105, 144, 201

Companhia Siderúrgica Nacional US 29, 70

Complexo Eólico Assuruá 16

Confrapar 71, 87, 91, 96, 99, 125, 134

Constante Participações 103

ContaAzul 53

Cooley 98

Corporación Cementera Latinoamericana 107, 225

Corporación Paraguaya Distribuidora de Derivados del Petróleo 29, 60, 90, 106

Cosan 41, 60, 78

Coutinho, Lacerda, Rocha, Diniz & Advogados Associados  116, 126, 172, 176, 207

Couto Silva Advogados 116, 126, 174–175

CPFL Renováveis 16, 59, 61, 121, 161, 165, 227

CPP - Canada Pension Plan 59, 61, 99

CPPIB - Canada Pension Plan Investment Board 41, 119

CreativeDrive 95, 109, 243

Credit Suisse Brasil 16, 19, 59, 61, 74

Credit Suisse Group 41, 86, 102, 107

Cresud 95

CRP Companhia de Participações 35

CSN - Companhia Siderúrgica Nacional 29

CSN Steel 70

Cunniff & Goldfarb 53

Curso Acesso Pré Vestibular 109, 130

CVC Capital Partners 41, 60, 73–74, 79, 103

CVC Capital Partners 41, 60, 73–74, 79, 103

CVC Fund VII 60, 78

Cventures 96, 99

D Darby Private Equity 86, 127, 139, 146, 177, 225

Datwyler 76

De Faro Caraciolo 116, 127

Dechra 74, 110, 120, 128, 159, 179, 247

Decora 95, 109, 243

Deloitte Brasil 75–76, 102, 107, 238

Deloitte México 75

Deloitte Spain 95

Demarest Advogados 53, 66, 73, 86, 88, 98, 116, 127, 176

Departamento de Águas e Energia Elétrica - DAEE  41, 105, 144, 201

Derraik & Menezes Advogados 47, 116, 128

Dersa Desenvolvimento Rodoviario 41, 105, 144, 201

DGH Participações 35, 94

DH Capital 98

Dias Carneiro Advogados 74, 116, 128, 178

Diaverum do Brasil 112, 209

Didi Chuxing 100, 111, 147

Discovery Capital 85

DLA Piper UK 53

DLA Piper US 82

Domino's Pizza Brasil 35

DOMO Invest 85, 91, 93, 99

Dragoneer Investment Group 53

DST Global 53, 84, 100

Dual G 62

Dynamo 87, 91, 101, 189

Brazil · Entities Index

261

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E e.Bricks Ventures 83, 101, 120, 148

EDF EN do Brasil 62, 141, 146

EDNAM Capital 19

EDP - Energias de Portugal 23

EDP Pequenas Centrais Hidroelétricas 23

Eduardo Menna Barreto 206

Ehrmann 111

Eig Llx Holdings 41, 90, 113, 144

Eletrobras 30, 61, 104, 107, 129, 147, 165, 185

Elgin 112

Eliane 66, 112, 127, 139

Embraco 19, 23, 70, 88, 123, 137, 142, 146, 165, 213

Emerenciano, Baggio e Associados - Advogados 102

e-Mídia 114, 193

Empresa de Generación Huallaga (Central Hidroeléctrica Chaglla) 29, 59

Endeavor Catalyst 53, 84, 95, 100, 128

Enel 19, 30, 59, 121, 123, 135, 161, 165, 235

Enel Brasil Investimentos Sudeste  30, 59, 121, 123, 135, 161, 165

Enel Distribuição São Paulo 19, 59, 121, 123, 135, 161, 235

Energina Compañía Argentina de Petróleo 25, 60

Engie Brasil 62

Engie Solar 62

Eolica Sao Pedro Do Lago 107

Equatorial Energia 30, 107, 129, 147, 165, 185

ERM Portugal 29

Escola Dominius 109

Escola em Movimento 108

Espaço Evidência Sociedade Educacional 109, 130

Espaçolaser 30, 143, 219

Euro Latina Finance 41

Excelia Gestão de Negócios 244

EY Brasil 74, 78, 108

Ezcommerce 47

F Fagundes Pagliaro Advogados 180

Farallon Capital Management 59

Fasken Martineau Dumoulin Canada 16, 80

Faveret | Lampert Advogados 182–183

FC Partners 102, 108

FCAM - Ferraz de Camargo e Matsunaga Advogados 73

Felsberg Advogados 74, 116, 129, 184–185

Fema 2 Investimentos e Participações 102, 141, 149

Femme Laboratório 109, 148, 243, 249

Ferrara Garcia Advogados 116, 129

Fialho Salles Advogados 116, 130

Fibria Celulose  16, 72, 104–105, 111, 113, 123, 138, 146–147, 165, 225, 235

FIP Aerotec 76

FIP Criatec II 47, 76

FIP Criatec III 108

FIP IEER 16, 61, 144

FIP Iguá 105

FIP Kinea Private Equity II 66, 112, 127, 139

FIP Milão 16, 104, 133

FIP Multisetorial Plus 66

FIR Capital Bzplan Gestão de Investimentos 89

Fisa Incoporadora 106

FJ Labs 84–85, 87, 91, 100–101, 120, 134, 159

Fleury CPMA 124, 137, 217

Floodgate 84–85, 100

Flybridge Capital Partners 87, 89, 128

Focaccia Amaral Salvia Pellon e Lamonica Advogados 116, 130

Forno de Minas 111, 118

Fortgreen Comercial Agricola 73, 109

Founders Fund 53

FRAM Capital DTVM 67, 71, 76, 89, 103

Frattini Consultores Associados 76

Freitas Ferraz Capuruço Braichi Riccio Advogados 116, 131

FreitasLeite Advogados 16, 69, 116, 131

French Partners 87, 89, 128

Freshfields Bruckhaus Deringer UK 41, 60, 78

Fujisan Centro de Hemoterapia e Hematologia do Ceará 110

Fundo Criatec 79, 99, 103

G G2 Investimentos e Participações 78

Galdino & Coelho Advogados 116, 132

Galicia Abogados 16, 80

Galvani Indústria, Comércio e Serviços 73, 122, 146, 163

Garan Ventures 93

Gávea Investimentos 67

GBLP - Fundo Goodman Brazil Logistics Partnership 23, 64, 66

GD Solar 30, 121

Entities Index · Brazil

- Transactional Track Record (www.TTRecord.com) - Transactional Track Record (www.TTRecord.com)

General Atlantic 53, 65

Gerdau 80, 187

Gerdau Chile Inversiones 80

Getnet 19, 23, 82, 98, 105, 225

GGV Capital 101

Gibson, Dunn & Crutcher 88

Glencore 86, 110, 127, 139, 146, 177, 225, 247

Glencore Sugar 110

Global Founders Capital 83, 101

Global Power Generation 62

Glory Top 92, 113

Goldman Sachs 41, 86, 88–89

Goldman Sachs Investment Partners 88

Goodman 23, 64, 66

Goodman Brasil Logistica 64, 66

Goodman Campo Grande Empreendimentos Imobiliários 64, 66

Goodman Caxias Empreendimentos Imobiliarios 64, 66

Goodman I Empreendimentos Imobiliários 64, 66

Goodman Investimentos e Participações 64, 66

Goodman Itupeva Empreendimentos Imobiliários 64, 66

Goodman Patrimonial I - Fundo de Investimento Imobiliário FII 64, 66

Goodman Patrimonial II - Fundo de Investimento Imobiliário FII 64, 66

Goodman SB Empreendimentos Imobiliários 64, 66

Goodwin Procter 53

Governo de São Paulo 41, 105, 144, 201

Gran Coffee 30

Great Hill Partners 98, 105, 127, 142, 177, 213

Green Line Sistema de Saúde 16

GreenLine 84, 114, 148, 249

Group of companies and real estate investment funds 23

Grupo A 35

Grupo Asamar 86, 127, 139, 146, 177, 225

Grupo Formitex 72

Grupo Garantia 89

Grupo Lwart 111–112, 227

Grupo Montesanto Tavares 78, 108

Guimarania I 62

Guimarania II 62

Gunderson Dettmer 53, 100

Gutter Chaves Josepher Rubin Forman Fleisher Miller PA 95

GVM | Guimarães & Vieira de Mello Advogados 116, 132

Gynásio Pinhais Educação 109, 130

H H Hemo 30, 110, 118, 237

Hainan Airlines 23, 90, 119, 155

Halembeck Barros Advogados Associados 16, 116, 133

Hankoe FIP 16, 70, 80, 105, 137, 201

Hapner Kroetz Advogados 116, 133, 186

Haynes Boone US 92

HBSAAB - Harvard Business School Alumni Angels of Brazil 89

HCO Advogados 47, 116, 134

Heatcraft 112

Heatcraft do Brasil 112

HIG Capital 65, 67, 73, 76, 85, 89, 93, 101

Hirschler Fleischer 95

Homburger 16, 80

Hospital e Pronto Socorro Itamaraty 16, 84, 114, 148, 249

Hospital Renascença 16, 84, 114, 141, 148

Hospital Salvalus 16, 84, 114, 148, 249

HSI- Hemisferio Sul Investimentos 65, 67

Hughes Hubbard & Reed 88

Hummingbird 87

I iFood 100

IG4 Capital 105, 235

IGC Partners 73, 95, 102, 109, 242

Iguá Saneamento 105, 235

iMedicina 114, 135

Indicator Capital 87

Indústria Vidreira do Nordeste 72, 104

Innova Capital 47, 83, 100–101, 159

Innova Global Tech FIP 103, 128

InovaBra 101, 236–237

Inseed Investimentos 79, 99

Insper Angels 89

Inspira Sul Participações 30, 109, 130, 133

Instituto de Nefrologia de Mogi das Cruzes 112, 209

Instituto de Nefrologia de Suzano 112, 209

Instituto Luterano de Ensino Superior de Itumbiara 92, 113

Instituto Luterano de Ensino Superior de Porto Velho 92, 113

Integris Consultoria 102, 109

InterCement Brasil 29

Intergado 108

International Finance Corporation (IFC) 53, 134, 163

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Intesa 107, 165

Intralinks 23, 82

Invest Tech 47

Investec Bank 16, 80

Invus Opportunities 93

Ipiaram - Empreendimentos e Participações 72, 104

J J Malucelli Gerenciadora de Projetos e Análise de Risco  61, 104

J. Safra Assessoria Financeira 86

Jaguar Growth Partners 64–65

Jefferies & Company 88

JHSF Malls 64

JHSF Participações 30

Jive Asset Management 103, 119, 132, 155

JK Capital 102, 110, 244

JMB Advisors 74, 102, 110, 246

Jones Day US 41

Julius Baer 111

K K&L Gates 53

Kaszek Ventures 53, 65, 101, 140, 159, 185

Kaufman Rossin 95

Keeco 75

Keystone Foods 29, 69, 104, 135, 235

Kick Ventures 76, 85

Kinea Private Equity Investimentos 35

Kirton Bank 103, 119, 132, 155

KLA Advogados 116, 134, 188

Konecta Brazil Outsourcing 95, 105

KPMG Advisory Services 29

Kroton Educacional 110

L L Catterton 85

L. O. Baptista Advogados 16, 69

L6 Capital Partners 84

Laboratório Bio Master 16, 84, 114, 148, 249

Laboratório Biovet 114, 249

Laboratório Canonne 74

Laboratório São Marcos 103

Laborfase Padrão 103

Lacerda Diniz e Sena Advogados 190

Lactojara Laticínios 111

Landi, Rodrigues, Nakano e Giovannetti Advogados 76, 102, 116, 135

LATAM Airlines Brasil 16, 137, 141, 213

Latham & Watkins 98

Lazard 100, 102, 111

Leagold Mining 16, 80, 147

Lefosse Advogados 19, 25, 29, 59, 69, 116, 135

Leite, Roston | Chaves, Saciotto e Burr Advogados  116–117, 136, 158

Lennox Global 112

Leprino Foods 111

Leucadia 25, 69, 104, 111, 135, 142

Levy & Salomão Advogados 92

LGT Impact 93, 131, 149

Lidia Participações 103

LightHouse Investimentos 87, 99

Lightstone Fund 93, 131, 149

Linde BOC Gases 103

Linde Gases 103

Linde Group 103

Linklaters Portugal 29

Linklaters UK 19, 23, 70, 88

Linklaters USA 25, 69

Linx Sistemas 47

Lippert Advogados 35, 76

Live Nation Entertainment 108

Llorente & Cuenca 19, 23, 88

Lobo de Rizzo Advogados 35, 47, 73, 116, 136, 192

Locaweb 104, 155

Loeser, Blanchet e Hadad Advogados 194–195

Loggi Technology 98

Londrina Norte Shopping 86

Lumia Capital 87

Lwarcel 111–112, 227

M M. Dias Branco 16, 69, 115, 131, 225

Mabi Investments 53, 106

Machado Associados 66, 196

Machado de Campos e Barreto Advogados 16, 80

Machado Nunes Advogados 35

Entities Index · Brazil

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Machado, Meyer, Sendacz e Opice Advogados 16, 19, 23, 35, 41, 66, 70, 72, 78, 80, 88, 92, 116, 124, 137, 143, 146–147, 184, 196, 198, 200, 224, 232

Madrona Advogados  16, 41, 47, 70, 80, 94, 116, 137, 200–201

Magma 102, 111

Manassero e Campello Advogados 116, 138

Manzat Inversiones 19, 23, 82, 98, 105, 225

Mapfre 19, 82, 119

Mapfre BB SH2 Participações 19, 82, 119

Mapfre Brasil 82, 119

Maples and Calder 98

Marfrig 25, 29, 235

Marlos Nogueira Advocacia de Negócios 206

Martins & Godoy Medicina Diagnóstica 103

Marval O'Farrell & Mairal 25, 60, 82, 88

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados 16, 23, 35, 41, 53, 60–61, 64, 66, 72, 75, 78, 86, 92, 95, 116, 138, 204

McCain do Brasil Alimentos 111, 118, 225

McKey Luxembourg Holdings 69, 104, 135

Mediação Online 114, 249

MercadoLibre 87, 89, 91, 101

Mercatto Alimentos FIP 111, 118

Merrill Lynch Brasil 16, 92

Messer Group 103

Metasa 103

Meu Móvel de Madeira 140, 185

MFG (USA) Holdings 69, 108, 139

MG5 66, 112, 127, 139

MHR Abogados 75, 94

Milbank, Tweed, Hadley & McCloy US 41, 90

Mitrani, Caballero & Ruiz Moreno Abogados 25, 60, 94

MNA - Miguel Neto Advogados 116, 139

Mohawk Industries 66, 112, 127, 139

monashees  53, 65, 83, 85, 88–89, 91, 99–101, 103, 106, 111, 120, 128, 134, 140, 147, 159, 179, 185, 189

Monashees VIII 65, 159

Monsanto 79

Moove 41, 60, 78

Morgan Lewis & Bockius 25, 69

Morgan Stanley 16, 25, 69, 72, 102, 111

Morro Branco i Energetica 107

Mover Participações 75, 107, 141

Movile 100, 136, 159

Movile Mobile Commerce Holdings 100, 136

Mubadala 41, 83, 90–91, 144

Multiplus 16, 137, 141, 213

Mundie e Advogados 66, 86, 116, 139

Mussambe Energetica 107

N Naspers 100, 136

National Beef Packing Company 25, 69, 104, 111, 135, 142

Naufal & Silva Advogados Associados 116, 140

NBF | Advogados  16, 19, 23, 25, 29, 35, 41, 47, 53, 59–62, 64, 66, 69–70, 72–76, 78, 80, 82, 84, 86, 88, 90, 92, 94–95, 98, 100, 102, 116–150, 152, 154, 156–158, 162, 164, 166, 168, 170, 172, 174–176, 178, 180, 182–186, 188, 190, 192, 194–195, 198, 200–201, 204, 206, 208, 212, 214, 216, 218, 222, 224, 226, 228

NBM US Holdings 69, 104, 111, 135, 142

Nefroclinica 112

Neon Pagamentos 53, 106

Neuberger Berman 92–93, 115, 223, 235

New Steel 16, 70, 80, 105, 137, 201

NewScan 84, 124

Nidec Corporation 19, 23, 70, 88, 123, 137, 142, 146, 165, 213

Norton Rose Fulbright Netherlands 16, 70, 80

Nubank 53

NXTP Labs 87

O Oberson Abels 74

Odebrecht 29–30, 59, 199

Odebrecht Latinvest 59

Olimpia Partners 66, 102, 112

Omega Geração 16, 61–62, 141, 144, 146

Omidyar Network 53, 93, 99, 106, 189

Omiexperience 47, 128

On Tecnologia De Mobilidade Urbana 35

ONEVC 84–85, 100

Openvc 79

Oppa Design 140, 185

OYAK 29

P Palcates 74

Pantank Holding 108

Par Participações 103

Parque Eolico Assurua Ii 61, 144

Parque Eolico Assurua Iii 61, 144

Parque Eolico Assurua Iv 61, 144

Parque Eolico Assurua v 61, 144

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Parque Eolico Assurua Vii 61, 144

Parque Eolico Capoeiras Iii 61, 144

Parque Eolico Curral De Pedras i 61, 144

Parque Eolico Curral De Pedras Ii 61, 144

Parque Eolico Diamante Ii 61, 144

Parque Eolico Diamante Iii 61, 144

Parque Eolico Laranjeiras i 61, 144

Parque Eolico Laranjeiras II 61, 144

Parque Eolico Laranjeiras IV 61, 144

Patria Brazilian Private Equity III FIP 78

Patria Economia Real FIP 78

Patria Investimentos 59, 79, 85, 87, 94, 142, 165, 167

Pátria Private Equity Fund III Co-investimento FIP 78

Patria Private Equity II FIP 78

Paul, Weiss, Rifkind, Wharton & Garrison 53

Pedra Branca 107

Pedralbes Partners 87

Pereira dos Santos, Quadros & Advogados 116, 140

Performa Investimentos 91, 120, 159

Perlman, Vidigal e Godoy Advogados 47, 75, 102, 116, 141

Peroni Sosa Tellechea Burt & Narvaja Abogados 29, 60, 90

Petland Brasil 104

Petrobras 29, 60, 90, 106, 177, 199

Petrobras International Braspetro 60, 90, 106

Petrobras Paraguay Distribución 29, 60, 90, 106

Petrobras Paraguay Gas 29, 60, 90, 106

Petrobras Paraguay Operaciones y Logística 29, 60, 90, 106

Philip Lee 73

Pikolin Brasil Comércio 111

Pinheiro Guimarães 16, 19, 23, 59, 62, 116, 141

Pinheiro Neto Advogados  16, 19, 23, 25, 35, 41, 53, 60, 66, 69–70, 72, 75, 78, 84, 88, 95, 98, 116, 142, 212

Pirapora II Energias Renováveis 62, 141, 146

Pirapora III Energias Renovaveis 62, 141, 146

Pirapora IV Energias Renovaveis 62, 141, 146

Pirapora IX Energias Renováveis 62, 141, 146

Pirapora V Energias Renováveis 62, 141, 146

Pirapora VI Energias Renováveis 62, 141, 146

Pirapora VII Energias Renováveis 62, 141, 146

Pirapora X Energias Renováveis 62, 141, 146

Piraquê 16, 69, 115, 131, 225

PMKA Advogados 116, 142

Point72 Ventures 88–89

Posadas, Posadas & Vecino 74

Positivo Informática da Bahia 102

PP Promotora de Vendas 47, 103, 128

Pra Group Brazil Investimentos e Participações 88

Principia Capital Partners 85

Printania 74

Promob 106

Propel Venture Partners 53, 106

Prumo Logística 41, 90, 113, 144

PSP Investments 78, 108

PwC Brasil 102, 112

Q QBE Argentina 82

QBE Brasil Seguros 82

QBE Insurance 82

QBE México 82

QBE Seguros 82

QBE Seguros Colonial 82

QED Investors 53, 65

Qualcomm Ventures  53, 65, 85, 87, 91, 100–101, 103, 111, 120, 134, 147, 159

QuintoAndar 53

Quona Capital 53, 83, 106

R R2C Investimentos 47

Rabo Securities USA 25, 69

Radi, Calil e Associados 72

Raízen Argentina Holdings 60

Raízen Combustíveis 60

Raízen Energia 25, 30

Rappi 84, 100, 199

Rayes & Fagundes 214

Raymond James 23, 90

RBS Comunicações 71, 89

RCB Investimentos 88, 147, 227

RecargaPay 53

Redpoint e.Ventures 84–85, 87, 99–101

Redpoint Ventures 53, 89, 99, 128

Rei dos Ventos 3 Geradora de Energia 61, 104

Reliance 111

RGE - Royal Golden Eagle 111–112, 227

RGS Partners 94, 102, 113

Entities Index · Brazil

- Transactional Track Record (www.TTRecord.com) - Transactional Track Record (www.TTRecord.com)

Rhône Capital 83, 227

Ribbit Capital 53, 88–89, 159

Ricolog 110, 247

Rise Capital 87

Riverwood Capital 100, 111, 147

Riza Capital 16, 72, 92, 102, 113

Rock In Rio 108

Rodoil 106

Rolim de Mello Advogados 74

Ropes & Gray US 41, 86

Roso Participações 103

RPF Participações 62

Ruane 53

Ruzene Advogados 216

RWE Supply & Trading 60, 146, 149

S Saber Serviços Educacionais  16, 30, 92, 105, 113, 121, 138, 148

SABESP 41, 105, 144, 201

Saga II 25

Saga III 25

Saiani & Saglietti Advogados 41, 86

Salusse Marangoni Advogados 116, 143

Santa Fé Energia 23, 235

Santander Global Corporate Banking Spain 95

Santista 75, 107, 141

Santista Argentina 75, 107, 141

Sao Pedro Transmissora De Energia 16, 104, 133

Sat Participações 86, 127, 139, 146, 177, 225

Sequoia Capital 84–85, 100

Sete Gameleiras 107

Setter Investimentos 16, 84, 102, 114, 248–249

Severgnini, Robiola, Grinberg & Tombeur 25

SF Ninety Two Participações Societárias 105, 144, 201

SFX Entertainment 108

Shearman & Sterling 41, 90

Shell Compañía Argentina de Petróleo 25, 60

Shell Overseas Investments 25, 60

Shopping Catuaí Londrina

Shopping Center Tacaruna 35, 122

Shopping Cidade Jardim 64

Siderperú 80

Sidley Austin US 19, 23, 70, 88, 90

Sierra Capital 87

Siete Leguas 75, 107, 141

Simpson Thacher & Bartlett US 78

Sinai Ventures 91

Sirius Minerals 73

SIS EHPAD Brasil 110

Siteware 108

Skadden, Arps, Slate, Meagher & Flom US 16, 41, 80, 86

Sky.One 47, 134

Sleep House 111

Société Générale Group 16, 80

SoftBank 98, 100, 111, 147, 199

SoftBank Vision Fund 98, 199

Soma Capital 91

Somos Educação 16, 92, 105, 113–114, 121, 138

Soros Fund Management 88

SouthRock Capital 94, 104, 113, 137, 163

Souto, Correa, Cesa, Lummertz & Amaral Advogados 116, 143

SP Ventures 79, 95–96, 99

Springs Global 75

Starbucks 94, 104, 113, 137, 163

Starbucks Brasil 94, 104, 113, 137

State Grid Brazil Power Participações  16, 30, 59, 61, 121, 161, 165, 227

Statkraft Energias Renováveis 23, 149, 235

Steel Dynamics 29, 70

Stek Advocaten 16, 80

Stellar Participações 98, 105, 127, 142, 177, 213

Stocche Forbes Advogados 16, 41, 61–62, 78, 90, 116, 144

Strategy Manager 108

Stratus 69, 94, 147, 201, 243

Superjobs Ventures 94

Suzano Papel e Celulose  16, 30, 72, 104–105, 111, 113, 123, 138, 146–147, 165, 189, 225, 235

Syngenta 95–96

Syngenta Ventures 95

T Taesa 16, 104, 133

Target Advisor 102, 114

Tarpon Gestora de Recursos 16, 92, 105, 113, 121, 138

Tarpon Investimentos 30

Tasso Pereira & Salvador Advogados Associados 116, 145

Tauil & Chequer Advogados Associado a Mayer Brown 116, 145

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Taylor Wessing UK 53

TCP Latam 220

techtools ventures 79, 124

Tekton Ventures 91, 120, 159

Tera Capital 53, 106

Tess Advogados 78

Teva Farmacêutica 74

The Social+Capital Partnership 93

TheVentureCity 53

Thrive Capital 53, 140, 185

Tiger Global Management 53, 100, 111, 147

Timoner e Novaes Advogados 222

Torys 41, 78

Torys US 78

Tosetto, Weigmann e Associati 66

Toshiba 76, 102, 107, 135

Toshiba America do Sul - Curitiba 76, 102, 107, 135

Toshiba America do Sul - Minas Gerais 76, 102, 107, 135

Toshiba Infraestrutura America Do Sul 76, 102, 107, 135

TozziniFreire Advogados  16, 19, 23, 47, 69, 72, 82, 86, 90, 95, 98, 116, 146, 224

Travel Capitalist Ventures 91

Treecorp Partners 35

Trench, Rossi e Watanabe Advogados  62, 73, 76, 94, 102, 116, 146

Trevo Alimentos 111

TSEA Participações 76, 102, 107, 135

Tyson Foods 29, 69, 104, 135, 235

U UA Brasil Comercio e Distribuicao de Artigos Esportivos 75, 119

Ualá 88

UBS Investment Bank 16, 80

Ulhôa Canto, Rezende e Guerra - Advogados  16, 35, 72, 86, 100, 116, 147

Under Armor UK 75, 119

Under Armour Europe 119

Uniasselvi 92, 115, 235

UPS Strategic Enterprise Fund 91, 120, 159

Uranet Projetos e Sistemas 95, 105

Uría Menéndez - Proença de Carvalho 29

Uría Menéndez Spain 95

Utilfertil 78

V Valar Ventures 140, 185

Vale - Companhia Vale do Rio Doce 16, 70, 80, 105, 137, 201

Valiant Capital Management 87

Valor Capital Group 87, 89, 93, 101, 128

VARIV Capital 91

Vaxxinova 114, 249

Vazante I Energias Renováveis 62, 141, 146

Vazante II Energias Renováveis 62, 141, 146

Vazante III Energias Renováveis 62, 141, 146

VBI Real Estate 65

VDA Invest 74

Veirano Advogados 16, 47, 59, 61, 80, 88, 102, 116, 147, 226

Vella Pugliese Buosi e Guidoni Advogados 16, 84, 116, 148

Velloza Advogados 116, 148

Velsis Sistemas e Tecnologia Viaria 47, 102, 141, 149

Venable 74

Venco Saúde Animal 74, 110, 120, 128, 159, 179

Ventech 53

Verallia 72, 104

Verescence Brasil Vidros 113, 223

Verescence Luxembourg Holdings 113, 223

Vernalha, Di Lascio, Mesquita & Associados 47, 102, 116, 149

Vettori Rubinstein & Foz Advogados 74

Vicat Group 19, 106, 213

Victoria Capital Partners Brasil 87, 121

Vidroporto 72, 104

Vieira Rezende Advogados 23, 116, 149

Vilas Boas, Lopes e Frattari Advogados 116, 150

Vinci Capital 92, 115, 136

Vinci Capital Partners III FIP 115, 136

Vinci Partners 16, 35, 59, 69, 85, 92, 102, 115, 193, 235

Vinci Partners Assessoria Financeira 69, 92

Vitol Holding 106

Vitória Apart Hospital 112, 130

Vivace Residencial para Idosos 110

Viver Incorporadora e Construtora 103, 119, 132, 155

Vostok Emerging Finance 83, 99

Votorantim  16, 30, 72, 104–105, 107–108, 111, 113, 123, 138, 146–147, 165, 213, 225, 235

Votorantim Cimentos N/NE 107, 225

Votorantim Terminal 108

Votorantim Warehouse 108

Vouga Abogados 29, 60, 90

Entities Index · Brazil

- Transactional Track Record (www.TTRecord.com) - Transactional Track Record (www.TTRecord.com)

VTRM Energia 41, 105, 144, 201

Vulcabras Azaleia Ceará 75, 119

W Wald, Antunes, Vita, Longo e Blattner Advogados 41

Walmart 41, 86, 107, 138

Walmart Brasil 41, 86, 107, 138

Warburg Pincus 67

Wayra 99

Wharton Alumni Angels 83, 87, 101

Wheaton Brasil Vidros 113, 223

Whirlpool Brasil 19, 30, 70, 88, 123, 137, 142, 146, 165, 213

Whirlpool Corporation 23

Willkie Farr & Gallagher 82

X XP Malls FII 64

Y Yara Brasil Fertilizantes 73, 122, 146

Yazbek Advogados 19, 59

YCombinator 84–85, 91, 100–101

Yellow Ventures 53, 106

Z Zancan, Almeida e Silva Advogados 228

Zurich Insurance Company 82

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