Laura Mendes | Latin Lawyer |\u00a0 20 March 2018<\/p>\n
Paul Hastings LLP in S\u00e3o Paulo and Shanghai and Costa e Tavares Paes Advogados<\/strong> <\/span>in S\u00e3o Paulo have advised China\u2019s largest privately-owned conglomerate on its acquisition of a stake in Brazilian wealth manager and institutional brokerage, Guide Investimentos for up to US$88 million.<\/p>\n Fosun Group bought 70% of Guide Investimentos\u2019s share capital from Banco Indusval, which hired Pinheiro Neto Advogados in S\u00e3o Paulo for the sale. The deal was signed on 26 February.<\/p>\n The purchase price is payable in three different tranches based on the terms and conditions of the purchase agreement. The transaction is subject to regulatory approval from the relevant Brazilian authorities, including the Central Bank.<\/p>\n Banco Indusval will maintain a minority equity interest in Guide Investimentos equivalent to 20% of the share capital on the closing date of the transaction.<\/p>\n This acquisition is part of Fosun\u2019s plan to expand into emerging countries, mainly in Latin America. The group first established a presence in Brazil with the acquisition of Rio Bravo Investimentos in 2016.<\/p>\n Counsel to Fosun<\/strong> Paul Hastings LLP Counsel to Banco Indusval Practice area : Corporate and M&A
\nCosta e Tavares Paes Advogados<\/strong><\/span>
\n Partners Antonio Tavares Paes, Leandro Amorim and Leonardo Castro, counsel Renata Barradas and associates Andre Leao and Cristiano Dias in S\u00e3o Paulo<\/strong><\/span><\/p>\n
\nPartners Jia Yan and David Wang, and associate Stancy Qian in Shanghai; and partner Roberta Bassegio in S\u00e3o Paulo<\/p>\n
\nPinheiro Neto Advogados
\nPartner Jos\u00e9 Luiz Homem de Mello, and associates Leonardo Cruz and Marcelo Mello in S\u00e3o Paulo<\/p>\n
\nCountry : Brazil, China, International
\nIndustry : Banking and Financial Services<\/p>\n