Brazil - January 2014

January 2014
Brazil - January 2014
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In January 2014, the Brazilian transactional market registered 50 deals, both announced and closed, compared with 64 in the same period last year. The investment volume generated this month was BRL 8,35bn, taking into account deals with registered values.

The largest deal this month was the voluntary takeover offer to acquire a 39,91% stake in COELCE - Companhia Energética do Ceará, which will be carried out by Chile-based Enersis. With this deal, Enersis aims to acquire all the common shares, the class "A" preferred shares and the class "B" preferred shares in circulation. The deal value may be BRL 1,52bn.

In January, the private equity / venture capital sector maintained the trend set in December of 2013, with 5 deals registered and generated BRL 4,33bn; taking into account deals with recorded values. The largest deal this month was the announcement made by US-based investment fund Tiger Global Management jointly with Lojas Americanas. The two companies will subscribe a BRL 2,38bn capital increase to be carried out by B2W Companhia Digital.

US-based companies were the most acquisitive in Brazil, this month. Five deals were registered generating BRL 2,45bn.  On the other hand, Brazil-based acquirers carried out three acquisitions abroad; one in Mexico, another one in Colombia and one in Indonesia. The highlights subsectors, in the Brazilian transactional market, were internet and technology.

Regarding the Brazilian equity capital markets, there was no record of IPOs or Follow On in the first month of the year. In 2013, ten IPOs were registered, generating up to BRL 17bi.

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Deal of the month - January 2014 - Grupo Multi


Morgan Stanley Brasil

Vella Pugliese Buosi e Guidoni Advogados

Tauil & Chequer Advogados

Gomes & Hoffmann, Bellucci, Piva

Lobo & de Rizzo Advogados