Cescon, Barrieu, Flesch & Barreto and Machado Meyer advised on the deal
Brookfield Business Partners L.P. (NYSE:BBU) (TSX:BBU.UN), 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 Business Partners L.P. with Marcos Flesch (Picture) Marina da Silva Prado and Julia Feres Junqueira.
Machado Meyer advised Ouro Verde Locação e Serviço S.A., Novo Oriente Participações Ltda., Celso Antônio Frare and Karlis Jonatan Kruklis with Elie Jaques Sherique, Gustavo Rugani do Couto e Silva, Arthur de Oliveira Cunha Miranda and Isabela Cruz Sánchez.
Involved fees earner: Marcos Rafael Flesch – Cescon, Barrieu, Flesch & Barreto; Marina Da Silva Prado – Cescon, Barrieu, Flesch & Barreto; Julia Feres Junqueira – Cescon, Barrieu, Flesch & Barreto; Elie Sherique – Machado, Meyer, Sendacz e Opice; Gustavo Rugani Do Couto E Silva – Machado, Meyer, Sendacz e Opice; Arthur Miranda – Machado, Meyer, Sendacz e Opice; Isabela Cruz Sanchez – Machado, Meyer, Sendacz e Opice;