Elgin S.A.’s $6.4 Million Acquisition of Bematech Hardware Ltda.


Veirano and BMA – Barbosa, Müssnich, Aragão advised on the deal

Totvs S.A. executed the sale of its subsidiary Bematech Hardware Ltda. to Elgin S.A. for $6.4 million.

Elgin S.A. manufactures and sells products in the areas of home and office, commercial automation, computing, refrigeration, and furniture and design primarily in Brazil.

Totvs SA develops and markets software solutions. The company, led by Dennis Herszkowicz, Gilsomar Maia Sebastiao and Juliano Tubino, in 2018 recorded $602 million revenues.

Veirano advised Elgin S.A. with Sergio Bronstein (Picture) Leonardo Duarte, Vanessa Bertonha Felício, Thiago Duarte de Oliveira and Alberto Afonso Monteiro.

BMA – Barbosa, Müssnich, Aragão advised Totvs S.A. with Luciana Magalhães Costa, Marcos Antonio Tadeu Exposto Junior, Monique Mavignier and Luiz Antonio Galvão.

Involved fees earner: Marcos Exposto – Barbosa, Müssnich & Aragào; Luiz Antonio Galvão – Barbosa, Müssnich & Aragào; Luciana Magalhães Costa – Barbosa, Müssnich & Aragào; Monique Mavignier – Barbosa, Müssnich & Aragào; Vanessa Bertonha Felicio – Veirano Advogados; Sergio Bronstein – Veirano Advogados; Thiago Duarte de Oliveira – Veirano Advogados; Leonardo Duarte – Veirano Advogados; Alberto Monteiro – Veirano Advogados;

Law Firms: Barbosa, Müssnich & Aragào; Veirano Advogados;

Clients: Elgin S.A.; Totvs S.A.;