GuardeAqui Self Storage’s $187 Million merger with Kipit Self Storage


Mattos Filho, Veiga Filho, Marrey Jr. y Quiroga, Ropes & Gray, Stocche Forbes Advogados and Travers Thorp Alberga have advised on the deal

Sam Zell ‘s Equity International and investment firm Pátria Investimentos Ltda have combined two leading Brazilian self-storage firms in a joint venture that aims to more than double their capacity by 2020.

The entity resulting from the merger of Zell’s GuardeAqui and Pátria’s Kipit will open 30 storage facilities in Brazil over the period, an investment that could reach $187 million.

The goal is to expand GuardeAqui’s leadership in Brazil’s fragmented self-storage market, which gained steam in last the decade on buoyant demand for housing, the companies said. Self-storage gives individuals a way to keep belongings as they move into smaller apartments and homes.

Equity International is a private equity and venture capital firm specializing in seed, early, middle market, and mid stage investments. The Firm, led by Thomas P. Heneghan, Samuel Zell, James Gilligan, Patrick J. Kassen and Brian D. Finerty, is based in Chicago.

Pátria Investimentos Ltda is an investment holding company. The firm, led by Alexandre Teixeira de Assumpção Saigh, Otavio Lopes Castello Branco Neto, Olímpio Matarazzo Neto, Luiz Otavio Reis de Magalhães and Andre Penalva, is based in Sao Paulo.

Mattos Filho, Veiga Filho, Marrey Jr. y Quiroga Advogados has advised Equity International with Paula Vieira de Oliveira (Picture), Flavio Mifano, Marina Procknor, Francisco Almeida Prado de Andrade Coutinho, Tatiana Morais Penido, Lucas Adam Martinez Faria and Rafael Martins Grimaldi.

In US, Ropes & Gray LLP has advised Equity International with Matthew A. Posthuma, Douglas H. Cunningham and James C. Davis.

Stocche Forbes has advised Pátria Investimentos Ltda. with André Mestriner Stocche, Fabiano Marques Milani, Renato Coelho, Eloisa Maria Tavares Chipoletti, Renato Stanley and Stefano Braga.

In Cayman, Travers Thorp Alberga has advised Pátria Investimentos Ltda. with Nicole Pineda and Ana Lazgare.

Involved fees earner: André Mestriner Stocche – Stocche Forbes Advogados; Fabiano Marques Milani – Stocche Forbes Advogados; Eloisa Maria Tavares Chipoletti – Stocche Forbes Advogados; Renato Souza Coelho – Stocche Forbes Advogados; Renato Lisieri Stanley – Stocche Forbes Advogados; Nicole Pineda de la Ballina – Travers Thorp Alberga; Ana Lazgare – Travers Thorp Alberga; Paula Vieira de Oliveira – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Marina Procknor – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Francisco Almeida Prado de Andrade Coutinho – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Lucas Adam Martinez Faria – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Flávio Mifano – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Tatiana Morais Penido – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Rafael Martins Grimaldi – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Matthew Posthuma – Ropes & Gray; James Davis – Ropes & Gray; Douglas Cunningham – Ropes & Gray;

Law Firms: Stocche Forbes Advogados; Travers Thorp Alberga; Mattos Filho Veiga Filho Marrey Jr & Quiroga; Ropes & Gray;

Clients: Equity International; Pátria Investimentos Ltda;

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Author: Ambrogio Visconti.