TozziniFreire and Velloza e Girotto have advised on the deal
Defence and security company Saab has acquired another 10 per cent of shares, reaching 25 per cent of stakes, in Akaer, one of the largest companies within development of aeronautical projects in Brazil. In conjunction with the expansion of the Saab-Akaer partnership, Akaer acquires 100 per cent of the shares of the Space and Defense Division (E&D) of the Brazilian optronic company Opto Eletrônica S.A.
Saab and Akaer have been partners since 2008 and the Brazilian company was contracted by Saab to develop parts to the fuselage of the Gripen NG fighter, even before Saab was down-selected for negotiations to re-equip the Brazilian Air Force. Saab’s investment in Akaer began in May 2012, when Saab made a convertible loan in shares, a contribution of resources equivalent to 15 per cent of Akaer. Saab’s stake in the company is hereby expanded to 25 percent, and Akaer remains independent, and controlled and managed by the Brazilian founder and management. Since 2012, Saab is part of Akaer’s Advisory Board.
TozziniFreire has advised Saab AB with a team including Pedro Seraphim (Picture) and Jacques Abi Ghosn.
Velloza e Girotto Advogados Associados has advised Akaer with Marília Poletti, César Amendolara and Caio Mojola do Amaral Gurgel Kiss.