CVC Capital Partners’ $145 Million Acquisition of a 30% stake in Cosan Lubes Investments Limited


Clifford Chance, Pinheiro Neto and Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised on the deal

CVC Capital Partners Fund VII executed the acquisition of 30% stake in Cosan Lubes Investments Limited, a leading Latin American manufacturer and distributor of specialty lubricants, from Cosan, one of the largest and most successful Brazilian conglomerates with assets in the energy and logistics sectors, all leaders in their respective industries. Cosan will remain the majority shareholder with a 70% stake following the closing of the transaction.

Moove is the sole manufacturer of Mobil-branded specialty lubricants in Brazil and has the exclusive rights to commercialize products in Brazil, Argentina, Uruguay, Paraguay and Bolivia. Within Latin America, Moove sells via a network of exclusive distributors and directly to large industrial groups and OEMs. Since 2012, Moove initiated an expansion plan into Europe and now distributes mainly Mobil-branded specialty lubricants focused on industrial clients in the UK, France, Spain and Portugal.

Clifford Chance LLP advised CVC Capital Partners with Thais Garcia (Picture), Christopher Sullivan, Neil Barlow, Peter Hanton, Paul Foote and Carla Ruggero.

Pinheiro Neto advised CVC Capital Partners with Fernando Alves Meira, Camila Carvalho Gomes and Ricardo Busana Galvão Bueno.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised Cosan S.A. Indústria e Comércio and Cosan Lubes Investments Limited with Marcelo Sampaio Góes Ricupero, Manoela de Barros Pimentel Penteado de Almeida, Anderson Jardim D’Avila and Raphael Portella Chamma.

Involved fees earner: Neil Barlow – Clifford Chance; Paul Foote – Clifford Chance; Thais Garcia – Clifford Chance; Peter Hanton – Clifford Chance; Carla Ruggero – Clifford Chance; Christopher Sullivan – Clifford Chance; Manoela de Barros Pimentel Penteado de Almeida – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Anderson Jardim D’Avila – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Raphael Portella Chamma – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Marcelo Sampaio Góes Ricupero – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Fernando Alves Meira – Pinheiro Neto; Camila Carvalho Gomes – Pinheiro Neto;

Law Firms: Clifford Chance; Mattos Filho Veiga Filho Marrey Jr & Quiroga; Pinheiro Neto;

Clients: Cosan Lubes Investments Limited; Cosan S.A. Indústria e Comércio; CVC Capital Partners;