Brink’s $145 Million Acquisition of Rodoban


Veirano and Guimarães & Vieira de Mello advised on the deal

The Brink’s Company, the global leader in cash management, secure logistics and security solutions, today announced that it has agreed to purchase Brazil-based Rodoban for approximately $145 million in cash. The acquisition, which is subject to customary closing conditions including approval by the Brazilian antitrust authority, is expected to close in the second quarter of 2018.

Based in the state of Minas Gerais, Rodoban provides cash-in-transit, money processing and ATM services primarily to customers in southeastern Brazil. The company generates annual revenue of approximately $80 million.

pon completion, Rodoban will be the seventh acquisition for Brink’s since March of 2017 for a total expenditure of approximately $515 million. In 2019, these acquisitions are expected to generate total adjusted EBITDA of approximately $90 million, reflecting a post-synergy purchase multiple of less than six.

Veirano advised Brink’s Segurança e Transporte de Valores Ltda. with Sergio André Laclau (Picture), Paula Surerus and Thiago Mendes de Oliveira.

Guimarães & Vieira de Mello advised Rodoban with Leonardo Guimarães and Helder Fonseca.

Involved fees earner: Leonardo Guimarães – Guimarães e Vieira de Mello; Sergio André Laclau Marques – Veirano Advogados; Paula Surerus – Veirano Advogados; Thiago Mendes de Oliveira – Veirano Advogados;

Law Firms: Guimarães e Vieira de Mello; Veirano Advogados;

Clients: Brink’s Company; Rodoban;

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Author: Ambrogio Visconti.