Locamerica’s Merger with Unidas


Lefosse and Trench Rossi Watanabe (Baker & Mckenzie) advised on the deal

Brazilian rental car company Cia de Locação das Américas and Unidas SA entered in a cash and stock deal to create Brazil’s second-largest car rental company.

Under the terms of the agreement, Locamerica will acquire a 40.3% stake in Unidas for $120.7 million from buyout firm funds Vinci Partners Investimentos Ltda., Kinea Private Equity Investimentos SA and Gavea Investimentos Ltda, which are exiting the company.

Companhia de Locacao das Americas is a car rental company. The firm, led by Luis Fernando Memoria Porto, Marco Tulio De Carvalho Oliveira and Jose Antonio De Souza Azevedo, is based in Sao Paulo.

Unidas S.A. engages in the rentals and management of vehicles and fleets in Brazil. The company, led by Carlos Horácio Sarquis, Gisomar Francisco de Bittencourt Marinho, Levi Ávila da Fonseca Filho, Fernando Ribaldo Ribeiro and Marcelo Wanderley Taveira is involved in the car rental and used car sales businesses, as well as franchise business.

Lefosse advised Unidas, Vinci Partners, Kinea Private Equity and Gavea with Luiz Octavio Lopes (Picture), Ricardo Bolan, Jose Carlos da Matta Berardo, Paulo Lilla, Fernando Rodrigues, Pedro Ardezzoni, Mariana Okada, Gabriela Kawamura, Vinicius Nogueira and Marcela Junqueira C. Pirola.

Trench Rossi Watanabe advised Enterprise Holdings Brazil, LLC – Unita’s shareholder – with Alberto Mori, Bruno von Dreifus, Felipe Calil and Melanie von Staa Toledo.

Involved fees earner: Alberto Mori – Trench, Rossi and Watanabe Advogados; Melanie von Staa Toledo – Trench, Rossi and Watanabe Advogados; Luiz Octavio Lopes – Lefosse; Fernando Rodrigues – Lefosse; Pedro Ardezzoni – Lefosse; Mariana Okada – Lefosse; Vinicius Nogueira – Lefosse; Ricardo Bolan – Lefosse; Jose Carlos da Matta Berardo – Lefosse; Paulo Lilla – Lefosse;

Law Firms: Trench, Rossi and Watanabe Advogados; Lefosse;

Clients: Enterprise Holdings, Inc.; Vinci Partners; Kinea Investimentos Ltda; Gávea Investimentos Ltda.; Unidas S.A. ;

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Author: Ambrogio Visconti.