Cescon, Barrieu, Flesch & Barreto and Machado Meyer advised on the deal
Brookfield Business Partners (NYSE:BBU) (TSX:BBU.UN), together with institutional partners, executed an agreement to acquire a 55% controlling interest in Ouro Verde Locação e Seviços S.A., a leading Brazilian heavy equipment and light vehicle fleet management company for approximately $170 million (R$660 million).
Ouro Verde leases more than 25,000 heavy equipment and light vehicles under multi-year contracts and provides related maintenance, operations, and other services to a diversified base of leading Brazilian and global corporate clients.
Brookfield Business Partners will commit to fund up to $70 million of the equity on closing using existing liquidity. Prior to or following closing, a portion of Brookfield Business Partners’ investment may be syndicated to other institutional partners.
Closing of the transaction is subject to customary approvals and is expected to occur before the end of the year.
Cescon, Barrieu, Flesch & Barreto advised Brookfield Capital Partners Ltd. with Marcos Rafael Flesch (Picture) Marina da Silva Prado and Julia Feres Junqueira.
Machado Meyer advised Ouro Verde Locação e Serviço S.A., Celso Antonio Frare, Novo Oriente Participações Ltda. and Karlis Jonatan Kruklis with Elie Sherique and Gustavo Rugani Do Couto e Silva.
Involved fees earner: Marina Da Silva Prado – Cescon, Barrieu, Flesch & Barreto; Julia Feres Junqueira – Cescon, Barrieu, Flesch & Barreto; Marcos Rafael Flesch – Cescon, Barrieu, Flesch & Barreto; Gustavo Rugani Do Couto E Silva – Machado Meyer Advogados; Elie Sherique – Machado Meyer Advogados;