Cielo’s Acquisition of remaining 70% Stake in Stelo

Lefosse and Pinheiro Neto advised in the deal

Aliança Pagamentos e Participações, operating as a subsidiary of Cielo S.A. finalized the acquisition of remaining 70% interest in Stelo form Companhia Brasileira de Soluções e Serviços a controlled entity of Banco do Brasil S.A. and Banco Bradesco S.A.

Cielo S.A., through its subsidiaries, operates in the merchant acquiring and payment processing industry in Brazil. The company led by Eduardo Campozana Gouveia, Clóvis Poggetti Jr., Luiz Fernando Oliveira Barrichelo, Danilo Aleixo Caffaro and Renata B. De Paiva Greco, was founded in 1995 and is headquartered in Barueri, Brazil.

Stelo S.A. offers e-commerce payment processing services. The company is based in Brazil.

Lefosse advised Cielo S.A. with Carlos Mello, Christiano Rheder, André Ziccardi de Carvalho and Mariana Mayumi Okada.

Pinheiro Neto advised Banco do Brasil and Banco Bradesco with João Marcelo Gonçalves Pacheco (Picture), Fernando Mirandez Del Nero Gomes, André Vertullo Bernini and Daniel Fernandes Kulcsar.

 

Involved fees earner: Carlos Mello – Lefosse; Christiano Rehder – Lefosse; André Ziccardi – Lefosse; Mariana Okada – Lefosse;

Law Firms: Lefosse;

Clients: Cielo SA;

 

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Author: Ambrogio Visconti.