XP’s Acquisition of a Minority Stake in Jive Investments

Davis Polk advised XP Inc. on the transaction.
Pinheiro Guimarães advised Jive Investments

XP Inc. announced its acquisition of a minority stake in Jive Investments Consultoria S.A. Upon closing of the transaction, Jive stockholders received Class A common shares of XP Inc. in exchange for certain shares of Jive Investments, pursuant to an exemption from registration under Regulation S. 

Jive is the largest independent alternative investment manager in Brazil, offering credit recovery, real estate and other distressed asset strategies. Jive manages approximately R$8 billion in assets, R$21 billion in face value with more than 1,300 investors in Brazil and abroad.  

The Davis Polk corporate team included partner Byron B. Rooney (Picture) and associate Hugo Casella. 

In Brazil, Pinheiro Guimarães advised Jive Investments with a team including Marcelo Lamy Rego, Bernardo Bulhões and Julia Moretto.

Involved fees earner: Hugo Casella – Davis Polk & Wardwell; Byron Rooney – Davis Polk & Wardwell; Bernardo Bulhões – Pinheiro Guimarães; Marcelo Lamy Rego – Pinheiro Guimarães; Julia Moretto de Melo – Pinheiro Guimarães;

Law Firms: Davis Polk & Wardwell; Pinheiro Guimarães;

Clients: Jive Asset Management; XP Inc.;

Author: Alejandro Girola