Mapfre’s $636 Million Acquisition of buy out its Brazilian joint venture business partner BB Seguridade

Azevedo Sette Advogados and BMA – Barbosa, Müssnich, Aragão advised on the deal

Spanish insurance company Mapfre buy out its Brazilian joint venture business partner BB Seguridade from local insurance provider BB Mapfre for 2.4 billion reais (US$636 million).

MAPFRE, S.A. offers insurance services. The Company, through subsidiaries, provides health, life, homeowner’s, commercial, industrial risk, burial, accident, automobile, and third-party liability insurance policies. Mapfre, led by Antonio Huertas Mejias, Antonio Nunez Tovar and Ignacio Baeza Gomez operates in Europe and the Americas.

BB Seguridade Participacoes S.A. acts as a holding company investing in Insurance companies and as an Insurance broker. The Company, led by Jose Mauricio Pereira Coelho, Werner Romera Suffert and Antonio Rugero Guibo, offers insurance products, open pension plans, and special savings bonds. In 2017 BB Seguridade recorded $780 Million revenues.

Azevedo Sette Advogados advised Mapfre with Rafael Adler (Picture), Vanessa Soares Lanfranchi and Alessandra Martins de Souza

BMA – Barbosa, Müssnich, Aragão advised BB Seguridade with Paulo Cezar Aragão, Tatiana Amorim, André Abbud, Carlo Sivieri and Marcel Hashimoto

Involved fees earner: Rafael Adler – Azevedo Sette Advogados; Vanessa Soares Lanfranchi – Azevedo Sette Advogados; Alessandra Martins de Souza – Azevedo Sette Advogados; Paulo Cezar Aragão – Barbosa, Müssnich & Aragào; Tatiana Amorim de Brito Machado – Barbosa, Müssnich & Aragào; Carlo Sivieri de Assis Rocha – Barbosa, Müssnich & Aragào; Marcel Yukio Hashimoto – Barbosa, Müssnich & Aragào; André de Albuquerque Cavalcanti Abbud – Barbosa, Müssnich & Aragào;

Law Firms: Azevedo Sette Advogados; Barbosa, Müssnich & Aragào;

Clients: Mapfre SA; BB Seguridade Participacoes SA;

Author: Ambrogio Visconti.