BR Partners

Investment
Banking

BR Partners offers financial
and strategic advisory services in mergers and acquisitions transactions, fund raising, strategic partnerships and corporate restructuring.

Since its foundation, BR Partners has maintained
leadership position among the main investment banks
in Brazil, having advised
more than 160 transactions, which moved
more than R$ 352 billion
.

The BR Partners team has extensive experience in structuring and executing complex operations in various sectors of the Brazilian economy and has over 30 professionals who work constantly in evaluating alternatives and developing ideas with customers.

More than

352 billion

traded

Over 335 billion transacted.

Consolidated Position in Mergers and Acquisitions

BR Partners has advised on several M&A transactions exceeding R$352 billion in different sectors of the economy.

Selected transactions

Petrobras (July 2021) Fairness Opinion to Petrobras' Board of Directors in the context of the sale of its 20% stake in Termelétrica Potiguar and 40% in Companhia Energética Manauara
Value: R$ 160 million

Biofílica - Ambipar (July 2021) Financial advisor to Biofílica on the sale of the majority stake to Ambipar
Value: Not disclosed

Invepar - GRU Airport (July 2021) Fairness Opinion for Invepar in the context of the acquisition of ACSA's stake in the Guarulhos Airport
Value: Undisclosed

Caixa Cartões - VR e Fleetcor (May 2021) Fairness Opinion for the Board of Directors of Caixa Cartões on the formation of the JV with VR and Fleetcor.
Value: R$ 1,6 bi

Caixa Cartões - Fiserv (April 2021) Fairness Opinion for the Board of Directors of Caixa Cartões in the context of the commercial agreement with Fiserv
Value: Undisclosed

Hering - Soma (April 2021) Financial advisor to Hering in the context of the association with Grupo Soma.
Value: R$ 5.1 bi

Cobasi - Kinea (April 2021) Financial advisor to Cobasi on the sale of its stake to Kinea
Value: R$ 300 million

BR Distribuidora - BR Mania and Local (February 2021) Financial advisor to BR Distribuidora on the formation of the JV for the convenience business with LASA through the BR Mania and Local networks
Value: R$ 289 million

TPC - JSL (January 2021) Exclusive financial advisor to the TPC Group on the sale of 100% of its shares to JSL
Value: R$ 289 million

Petrobras - Petrorecôncavo (December 2020) Fairness Opinion for the Petrobras Board of Directors in the context of the sale of the Remanso Pole to Petrorecôncavo.
Value: R$ 155 mi

Telefónica S.A. - Oi S.A. (December 2020) Financial advisor to Telefonica S.A. in the purchase of Oi S.A.'s mobile telephony assets
Value: R$ 16.5 billion

BNDES - Vale (December 2020) Financial advisor to BNDES on the process of acquisition of VLI shares of Vale
Value: R$ 1.2 billion

Pottencial Seguradora- XP (December 2020) Financial Advisor to Pottencial Seguradora on the sale of a minority stake of its shares to the XP Private Equity fund
Value: R$ 275 mi

CEF-SEG - INSS (December 2020) Advisory to CEF-SEG on the acquisition of the INSS stake in CSH in the context of the reorganization of Caixa Seguridade's business
Amount: Not Disclosed

BNDES - CEB-D (December 2020) Financial advisor to BNDES in the privatization process of CEB-D
Amount: R$ 2.5 bi

J. Macêdo (December 2020) Financial advisor to J. Macêdo in renegotiating debt with its main financial creditors
Amount: R$ 420 mi

MorenoGroup (November 2020) Exclusive financial advisor to the Moreno Group in the approval of the judicial recovery plan.
Amount: R$2.3 bi

Necton - BTG Pactual (October 2020) Necton's exclusive financial advisor on the sale of 100% of its shares to BTG Pactual Value: R$ 350 mi

Linx (September 2020) Financial Advisor to Linx's Independent Board in evaluating Stone and Totvs' offerings.
Value: R$ 6 bi

Hypera - União Química (September 2020) Hypera's Financial Advisor on the sale of the drug Xantinon to União Química
Value: R$ 95 mi

GPA - Assaí (September 2020) Financial advisor to GPA on the segregation of its cash & carry business (Assaí).
Value: Not disclosed

Petrobras - Karavan Oil (September 2020) Fairness Opinion for the Board of Directors of Petrobras in the context of the sale of the Cricaré Pole to Karavan Oil.
Value: R$830 mi

Petrobras - 3R Petroleum (August 2020) Fairness Opinion for the Petrobras Board of Directors in the context of the sale of the Polo Fazenda Belém to 3R Petroleum.
Value: R$ 190 mi

Petrobras - 3R Petroleum (August 2020) Petrobras' financial advisor in the sale of the Rio Ventura field to 3R.
Value: R$ 500 mi

BNDES (August 2020) Financial advisor to BNDES on the sale of its stake in AES Tietê.
Value:
R$ 1.3 billion

Eletrobras (May 2020) Fairness Opinion for Eletrobras on the sale of its stake in Santa Vitória do Palmar Holding Geração.
Value: R$ 1.3 billion

Eletrobras (April 2020) Fairness Opinion for Eletrobras on the sale of its stake in Hermenegildo-I, II, III and Chuí IX Wind Farms.
Value: R$ 500 mi

Eletrobras (April 2020) Fairness Opinion for Eletrobras on the sale of its stake in Eólica Mangue Seco 2 to FIP Pirineus.
Value: R$ 35 mi

Eletrobras-Evoltz (April 2020) Fairness Opinion for Eletrobras on the sale of its stake in Manaus Transmissora de Energia to Evoltz.
Value: R$ 232 mi

Hidracor-Iquine (March 2020) Financial Advisor to Tintas Hidracor in the sale to Tintas Iquine.
Value: Not Disclosed

Hypera-Eurofarma (March 2020) Financial Advisor to Hypera in the sale of assets portfolio in Latin America to Eurofarma.
Value: R$ 805 mi

Hypera-Takeda (March 2020) Financial Advisor to Hypera on the acquisition of Takeda's OTC operation in Brazil, Mexico, Argentina, Colombia, Ecuador, Panama and Peru.
Amount: R$ 4.0 billion

Imcopa-Bunge (February 2020) Financial Advisor to Imcopa on the sale of two soy processing plants to Bunge.
Value: R$ 1.0 bi

Invepar - Cart (December 2019) Fairness Opinion for the Board of Directors of Invepar on the sale of CART.
Amount: Not Disclosed

Nakata - Frasle (December 2019) Nakata's exclusive financial advisor in the sale of 100% of its shares to Fras-Le.
Value: R$ 457 mi

Itaúsa Copagaz - Liquigás (November 2019) Exclusive financial advisor to Copagaz, leader of the consortium formed with Itaúsa and Nacional Gás Butano, in the competitive process of acquiring Liquigás.
Amount: R$ 3.7 billion

Copagaz - Itaúsa (November 2019) Exclusive financial advisor to Copagaz in the competitive process of primary equity raising with Itaúsa.
Amount: R$ 1.4 billion

V2COM - WEG (October 2019)Financial advisor to V2COM on the sale of shares representing 51% of the company's capital to WEG.
Amount: Not Disclosed

Furnas (October 2019) Fairness Opinion for the C.A. of Furnas in the context of the sale of a stake in the UHE Três Irmãos to Blackrock.
Value:
Undisclosed

Caixa - CNP (September 2019) Fairness Opinion for the Board of Directors of Caixa Seguridade in the (re)negotiation with CNP Assurances, in the life, lender and private pension insurance partnership.
Amount: 7.0 bi

Qualicorp Group - Rede D'or (August 2019) Financial advisor to the founder of Qualicorp on the sale of shares representing approximately 10% of the company's capital to Rede D'or.
Amount: Undisclosed

Grupo Libra - Rio de Janeiro Container Terminal (July 2019) Grupo Libra's financial advisor in the sale of the Rio de Janeiro container terminal (LTR).
Value: R$ 740 mm

Petrobrás - Galp (July 2019) Fairness Opinion for the Board of Directors of Petrobras in the sale of its stake in Belém Brasil Bioenergia to Galp.
Value: Not Disclosed

Petrobrás - Trident Energy (July 2019) Fairness Opinion for the Board of Petrobras on the sale of the Pampo and Enchova Poles to Trident Energy.
Value: R$ 7.5 - 9.5 bi

Casino - Grupo Éxito (June 2019) Advisor to Casino on the restructuring of its LatAm platform, which involved the purchase of Éxito by GPA.
Amount: R$ 7.5 - 9.5 bi

Casino - GPA (June 2019) Advisor to Casino on the restructuring of its LatAm platform, which involved the purchase of majority stake in GPA by Casino.
Amount: R$ 4.0 - 5.0 bi

GPA - Via Varejo (June 2019) Migration from Via Varejo to the New Market segment of B3, total return swap and sale of GPA's stake in Via Varejo.
Value: R$ 2.3 bi

CART - Invepar (June 2019) Financial advisor to CART and Invepar in obtaining a waiver from the creditors of CART's 2nd debenture issue due to the downgrade of the company's rating.
Value: R$ 1.1 bi

Petrobras - Engie and CDPQ (April 2019) Fairness Opinion for Petrobras' Board of Directors on the sale of 90% of TAG to the consortium formed by Engie and CDPQ.
Value: R$ 34 bi

Petrobras - Petronas (April 2019) Fairness Opinion for the Board of Directors of Petrobras on the sale of 50% of its stake in the Green Turtle Field and in Module III of the Swordfish Field to Petronas.
Value: R$ 5.1 bi

Petrobras - PetroRecôncavo (April 2019) Fairness Opinion for the Petrobras Board of Directors on the sale of the Forquilha Riacho Pole to PetroRecôncavo.
Value: R$ 1.5 bi

Petrobras - BW Offshore (March 2019) Fairness Opinion for the Board of Directors of Petrobras on the sale of Campo de Maromba to BW Offshore.
Value: R$ 348 mi

Porto Itapoá (January 2019) Financial advisor to the Itapoá Port in the context of fund raising, with a term of up to 11 years, with IDB and commercial banks.
Amount: R$ 450 mi

Piratininga-Bandeirantes Transmitter (December 2018) Financial advisor to Piratininga-Bandeirantes Transmitter Energia on equity and debt raising for underground transmission line construction.
Amount: Undisclosed

Petrobras - PetroReconcavo (November 2018) Fairness Opinion for the Board of Directors of Petrobras in the context of the sale of the Riacho da Forquilha Pole to PetroReconcavo
Value: R$1.8bn

Petrobras - Perenco (November 2018) Fairness Opinion for the Petrobras Board of Directors in the context of the sale of the Pargo Pole to Perenco.
Value: R$ 1.4 billion

Calyx Agro (November 2018) Financial advisor to Calyx Agro on the sale of ~9,000 hectares of agricultural land in the State of Bahia.
Value: Not Disclosed

Embalagens Flexíveis Diadema - Zermatt (November 2018) Exclusive financial advisor of Embalagens Flexíveis Diadema in the acquisition of Zermatt.
Value: Not Disclosed

Cone S.A. - NE Logistic FII (October 2018) Financial advisor to Cone S.A. in the context of the sale of logistic assets to NE Logistic FII.
Value: Not Disclosed

Petrobras - PO&GBV (October 2018) Fairness Opinion for the Board of Directors of Petrobras on the sale of its stake in PO&GBV, a company with assets in Nigeria.
Value: R$ 5.7 billion

Petrobras - Murphy (October 2018) Fairness Opinion for the Petrobras Board of Directors in the context of the formation of a JV to perform in E&P in the Gulf of Mexico.
Value: R$ 4.1 billion

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

Petrobras - Copetrol (June 2018) Fairness Opinion for the Board of Directors of Petrobras on the sale of the fuel distribution division in Paraguay to Copetrol.
Value: R$ 1.2 billion

Youse (April 2018) Financial advisor to Caixa Seguradora in the preparation of the economic and financial evaluation of the feasibility of establishing a Colombian entity of Youse insurance.
Amount: Undisclosed

Caixa - CNP (February 2018) Fairness Opinion for the Board of Directors of Caixa Seguridade in the (re)negotiation with CNP Assurances, in the life, lender and private pension insurance partnership.
Amount: 4.65 bi

Petrobras - Statoil (December 2017): Fairness Opinion for the Board of Directors of Petrobras on the sale of the Roncador field to Statoil.
Value: 9.6 billion

Magnesita (October 2017): Financial advisor to the Company in the takeover bid, in the context of the merger of operations with RHI.
Value: 445 mm

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

Pearson - MoveEdu (June 2017): Pearson's exclusive financial advisor in the sale of Microlins, SOS and People to MoveEdu.
Value: Undisclosed

Hypermarcas - Ontex (December 2016): Fairness Opinion for Hypermarcas' Board of Directors in connection with the sale of the diaper business to Ontex.
Value: R$ 1.0 bi

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

Login - Hidrovias do Brasil (September 2016): Exclusive financial advisor to Log-In Logística Intermodal in the sale of the bauxite coastal shipping business - Bulk - to Hidrovias do Brasil .
Value: R$ 683 mi

Arteris (May 2016): Fairness Opinion for the Arteris Board of Directors in connection with the closing of the company's capital.
Value: R$ 527 mi

Hypermarcas - Reckitt Benckiser (January 2016): Fairness Opinion for Hypermarcas' Board of Directors in connection with the sale of the condom business to Reckitt Benckiser.
Value: R$ 675 mi

WPP - Máquina Group (January 2016): Máquina Group's exclusive financial advisor in the sale of a majority stake to Cohn & Wolfe, a subsidiary of WPP.
Value: Undisclosed

Magazine Luiza - BNP Paribas Cardif (December 2015): Exclusive advisor to Magazine Luiza on the negotiation of an exclusive insurance distribution agreement with BNP Paribas Cardif.
Value: R$ 330 mi

Lupatech (November 2015): Advisory on the preparation, negotiation and approval in AGC of the judicial reorganization plan of Lupatech S.A.
Amount: R$ 670 mi

Hypermarcas - Coty (November 2015): Financial advisor to Hypermarcas on the sale of the cosmetics business to Coty.
Value: R$ 3.8 bi

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

Lodduca (August 2015): Financial advisor to Celso Loducca in the sale of a stake in the Loducca agency to the ABC Group.
Value: Not Disclosed

Casino - Grupo Éxito (July 2015): Advisor to Casino on the sale of a stake in Grupo Pão de Açúcar and the Argentinean network Libertad to Grupo Éxito.
Amount: R$ 6.3 bi

Arteris (July 2015): Financial advisor to Arteris in renegotiating with creditors the 2nd debenture issue. Amount: R$ 300 mi

Affinia - Comolatti Group (June 2015): Financial advisor to Affinia on the sale to Comolatti Group and consortium of buyers.
Value: R$ 361 mi

Ducoco - BRZ Investimentos. (May 2015): Ducoco's exclusive advisor in the sale of a stake for BRZ Investimentos.
Value: Undisclosed

CVC - Duotur Group (December 2014): Advisor to CVC on the acquisition of 51% of the Duotur Group.
Value: R$ 228 mi

Moderm Laboratories - Galderma Pharma (December 2014): Exclusive financial advisor in the sale of Moderm Laboratories to Galderma Pharma.
Value: Undisclosed

Brookfield Incorporações (November 2014): Advisor to the Board of Directors of Brookfield Incorporações on BRB's proposal to close capital - fairness opinion.
Amount: R$ 390 mi

Casino - Cnova (June 2014): Casino's advisor in the creation of Cnova, the union of Nova Pontocom and Cdiscount's e-commerce activities.
Value: R$ 5.5 bi

Qualicorp - Tempo (April 2014): Qualicorp's exclusive advisor in the acquisition of the Health Solutions of Tempo Unit.
Value: R$ 160 mi

Warburg Pincus - Pet Center Marginal (December 2013): Exclusive financial advisor to Warburg Pincus on the acquisition of control of Pet Center Marginal.
Value: Not Disclosed

Banco do Brasil - Itapebi Geração de Energia S.A. (December 2013): Advisor to the Board of Directors of Banco do Brasil on the sale of Itapebi Geração de Energia S.A.
Amount: R$ 1.6 billion

Casino - Grupo Pão de Açucar (September 2013): Casino's advisor in trading for exchange of PN shares for ON shares with Abílio Diniz.
Value: R$ 1.9 bi

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

Renova - Cemig (August 2013): Financial advisor to Renova and Cemig on Renova's capital increase with Cemig's entry in the control block.
Value: R$ 1.4 billion

Renova - Brasil PHC (August 2013): Financial advisor to Renova in the acquisition of control of Brasil PCH.
Amount: R$ 670 mi

Canal Rural - J&F (February 2013): Exclusive financial advisor to Canal Rural in the sale of 100% of its shares to J&F.
Value: Undisclosed

Repom - Edenred (December 2012): Repom's exclusive financial advisor in the sale of 62% of its shares to Edenred .
Value: R$ 143 mi

LGR Gestão de Shoppping Centers (December 2012): Exclusive financial advisor to LGR Shopping Centers in the sale of shares in Iguatemi Salvador, Macaé, Pelotas, Via Verde and Venda Nova Shopping Centers.
Value: R$ 350 mi

Brookfield Incorporações (December 2012): Brookfield's exclusive financial advisor in the capital increase, issuing 131 million new common shares.
Value: R$ 400 mi

Redecard - Itaú (June 2012): Advisor to the Redecard Board of Directors on Itaú's proposal to close the capital. - fairness opinion
Amount: R$ 11.8 bi

Casino - Pão de Açucar Group (June 2012): Advisor to the Casino in negotiations related to the control of Pão de Açucar Group.
Amount: Undisclosed

Fleetcor - CTF (May 2012): Exclusive financial advisor to Fleetcor in the acquisition of 100% of the shares of CTF Technologies.
Value:
345 mi

Poit Energia - Aggreko (March 2012): Poit Energia's exclusive financial advisor in the sale of 100% of its shares to Aggreko.
Value: R$ 404 mi

Reishopping Empreendimentos - CPPIB (December 2011): Reishopping Empreendimentos' exclusive financial advisor in the sale of a stake in Shopping Iguatemi Salvador to Aliansce and CPPIB.
Value: R$ 232 mi

Hypermacas - Química Amparo (December 2011): Exclusive financial advisor to Hypermarcas on the sale of the steel wool, cloth and synthetic sponges divisions (Assolan, Perfex and Cross Hatch brands) for Química Amparo (Ypê).
Value: R$ 125 mi

Hypermarcas - Bunge Alimentos (December 2011): Exclusive financial advisor to Hypermarcas on the sale of the food division (Etti, Salsaretti, and PuroPurê brands) to Bunge Alimentos.
Price: R$ 180 mi

Hermes Pardini - Gávea Investimentos (December 2011): Exclusive financial advisor to Hermes Pardini on the minority investment by Gávea Investimentos.
Amount: Undisclosed

Hypermarcas (December 2011): Hypermarcas' exclusive financial advisor on the sale of the steel wool, cloth, synthetic sponges, food, cleaning and insecticide divisions.
Value: R$ 445 mi

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

Sagatiba - Campari (August 2011): Sagatiba's exclusive financial advisor in the sale of 100% of its shares to Campari.
Value: Not Disclosed

Qualicorp (June 2011): Financial advisor to the founder of Qualicorp in his IPO process.
Value: Undisclosed

Kroton Educacional - CEAMA (May 2011): Exclusive financial advisor to Kroton Educacional in the acquisition of CEAMA.
Amount: Undisclosed

Eco Brasil Florestas (May 2011): Exclusive financial advisor to Eco Brasil Florestas shareholders on the sale of minority interest.
Value: R$ 151 mi

Standart - ALL (December 2010): Exclusive financial advisor of Standard in the creation, with ALL, of Brado Logística.
Value: Not Disclosed

Hypermarcas - Mantecorp (December 2010): Exclusive financial advisor to Hypermarcas on the acquisition of Mantecorp.
Value:
R$ 2.5 bi

Cerradinho - Noble Group (December 2010): Cerradinho's exclusive financial advisor in the sale of Catanduva and Potirendaba plants to Noble Group.
Value: R$ 1.6 bi

Aços Villares - Gerdau (December 2010): Exclusive financial advisor to the Board of Directors of Aços Villares in its incorporation by Gerdau.
Amount: R$ 2.0 billion

São Luiz - Rede D'or/BTG Pactual (September 2010): Exclusive financial advisor to Hospital São Luiz in the sale of its share control to Rede D'Or/BTG Pactual.
Value: Undisclosed

Localfrio Group - Suape (August 2010): Localfrio's exclusive financial advisor in the acquisition of four companies in the Suape Port Industrial Complex.
Amount: Undisclosed

The Carlyle Group - Scalina (August 2010): Exclusive financial advisor to the Carlyle Group in the acquisition of Scalina, one of the largest intimate fashion and socks companies in Brazil with the brands TriFil and Scala.
Value: Undisclosed

Magazine Luiza - Lojas Maia (July 2010): Exclusive financial advisor of Magazine Luiza in the acquisition of Lojas Maia.
Value:
Not Disclosed

Qualicorp - The Carlyle Group (July 2010): Qualicorp's exclusive financial advisor on the sale of a controlling stake in the company to the Carlyle Group. Value: Not Disclosed

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

Hypermarcas - Sapeka (March 2010): Advisor to Hypermarcas on the acquisition of Sapeka. The acquisition consolidated Hypermarcas as the third largest children's diaper company in Brazil.
Price: R$ 368 mi

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

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