Goldman Sachs’ $405 Million Investment in Meu Tudo

Cescon, Barrieu, Flesch & Barreto advised Tudo Serviços S.A. on the transaction.
Machado Meyer advised Goldman Sachs.

Goldman Sachs has structured a receivables investment fund (FIDCs) to acquire receivables from payroll loans granted to INSS beneficiaries through the Meu Tudo electronic platform.

Goldman Sachs will hold the subordinated quotas of each FIDC, which will be leveraged in the future by senior investors.

The transaction also involves Goldman Sachs’ investment in Meu Tudo, structured through the issue of a subscription bonus and a Liquidity Agreement.
The value of all the FIDCs to be structured under the transaction, over the next 42 months is $405 million.

Machado Meyer advised Goldman Sachs with Camilo T. Gerosa Gomes (Picture), Renato Maggio, André Politi Esposito Gomes and Alessandra Hidemi Takara.

Cescon, Barrieu, Flesch & Barreto advised Tudo Serviços S.A. (Meu Tudo) with Ronald Herscovici, Eduardo José Herszkowicz, Luciana de Castro Mares Torres and Nathalia Rabello.

 

Involved fees earner: Luciana de Castro Mares Torres – Cescon, Barrieu, Flesch & Barreto; Ronald Herscovici – Cescon, Barrieu, Flesch & Barreto; Eduardo Herszkowicz – Cescon, Barrieu, Flesch & Barreto; Camilo Gerosa Gomes – Machado Meyer Advogados; Alessandra Hidemi Takara – Machado Meyer Advogados; André Politi Esposito Gomes – Machado Meyer Advogados; Renato Maggio – Machado Meyer Advogados;

Law Firms: Cescon, Barrieu, Flesch & Barreto; Machado Meyer Advogados;

Clients: Goldman Sachs & Co.; Tudo Serviços S.A. ;