Vitacon’s $184 Million sale of majority stake in four projects to US fund Hines


Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga, Veirano and Mello Advogados have advised on the deal

Brazilian property constructor and developer Vitacon Participacoes SA has sold a majority stake in four of its projects to US real estate investment firm Hines in exchange for a BRL-600-million (EUR-179m/ USD-192m) investment in them, CEO Alexandre Lafer Frankel said in an interview with local business daily Valor on Friday.

The four projects, backed by the US investor have been transferred to a new entity and Vitacon will be responsible for their development, Frankel told Valor.

Under the agreement, Hines will immediately pour an additional BRL 200 million in cash in order to fund the Brazilian developer’s plans to carry out acquisitions.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga has advised Imobiliária 506 (Hines) with Rossana Fernandes Duarte (Picture), Francisco Coutinho, Giselle Esteves Vergal, Mayara Bernardo Zanini, Raphael Ragazzoni Marques da Silva, Victor Cajano Gomes da Costa, Lucas Adam Martinez Faria, Rafael Fernando Feldmann, Victor Penitente Trevizan, Luiza da Camara Chaves and Maria Telles Rudge.

Veirano has advised Vitacon with Sergio Bronstein and Beatriz Rocha

Mello Advogados has advised Veirano with Nelson Mello.

Involved fees earner: Rossana Fernandes Duarte – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Giselle Esteves Vergal – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Mayara Bernardo Zanini – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Raphael Ragazzoni Marques da Silva – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Maria Telles Rudge – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Francisco Almeida Prado de Andrade Coutinho – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Victor Cajano Gomes Da Costa – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Lucas Adam Martinez Faria – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Rafael Fernando Feldmann – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Victor Penitente Trevizan – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Luiza da Camara Chaves – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Sergio Bronstein – Veirano Advogados; Beatriz Rodrigues Alves Rocha – Veirano Advogados;

Law Firms: Mattos Filho Veiga Filho Marrey Jr & Quiroga; Veirano Advogados;

Clients: Hines; Vitacon Participações S.A.;

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Author: Ambrogio Visconti.