Category: M&A
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Warren Buffet ignores election turmoil and invests in Brazilian payments processing company’s IPO
There were no shortage of alerts from banks and managers about the risk of a billionaire IPO of a Brazilian company at the moment, in the midst of an electoral turmoil. But the payment company Stone decided to move on and, it seems, can do well. A group of heavyweight names, including billionaire American investor…
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Canadian McCain acquires 49% of Brazilian producer of cheese bread, Forno de Minas
McCain do Brasil Alimentos, a subsidiary of Canadian-based McCain, maker of pre-fried and frozen potatoes, has entered into an agreement to acquire a 49% stake in Forno de Minas Alimentos. The value of the acquisition was kept confidential by the parties. Helder Mendonça, president of Forno de Minas, said the negotiations lasted about ten months.…
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Walmart to divest from Brazil: looking for partner
After just over two decades in the Brazil, Walmart is negotiating the sale of part of its business in Brazil. The company has already started looking for a partner. But the model of the operation still depends on the proposals that are being presented to the retailer. At least four companies, including asset managers and…
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Unilever buys Brazilian brand of natural foods
Unilever announced this Monday (2) the acquisition of Brazilian brand Mãe Terra. The company specializes in natural and organic produce and was established in 1979. The acquisition cost was not disclosed. Mãe Terra, which produces organig cereals, cookies and other snacks, has been growing 30 YoY and its acquisition is an attempt from the global…
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Itaú pays US$1.8 billion for 49.9% of XP Investmentos
After two months of discreet talks, Itaú Unibanco closed on Thursday (May, 11th) the purchase of 49.9% of the total capital of XP Investimentos for R$ 6.3 Billion, which includes R$ 600 million in resources that the bank will inject into the company. With the transaction, the country’s largest private bank reserves its space in…
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Kraft Heinz Offers a Merger with Unilever for $143 billion: Rejected for now
Unilever has rejected a $143 billion merger proposal from Kraft Heinz, the Brazilian-controlled food conglomerate 3G Capital and mega-dealer Warren Buffett, setting the stage for a battle between two of the world’s largest consumer products companies.The Anglo-Dutch company, behind big brands like the Dove soap and the Ben & Jerry ice cream, said the offer…
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Heineken Acquires Schincariol’s Owner, Brasil Kirin, for 664 Million Euros
The Dutch multinational Heineken announced on Monday (13) the purchase of Brazil Kirin, controlled by the Japanese group Kirin, for 664 million euros (R$ 2.2 billion). With the acquisition, Heineken becomes the second largest brewery in Brazil. After the conclusion of the deal, Brasil Kirin will be consolidated with Heineken.The transaction evaluates Brazil Kirin at…
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Luxottica to Acquire Brazilian Óticas Carol for € 110 million
The Italian company Luxottica, largest company in the world for glasses, will buy Óticas Carol for € 110 million (R$ 368.6 million). The agreement was signed with the partners of the Brazilian company 3i Group, Neuberger Berman and Siguler Guff & Company, and depends on the approval of the Administrative Council of Economic Defense (Cade)…
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JBS Announces That Its Subsidiary JBS Foods Plans to Conduct a Registered IPO In the U.S.
JBS S.A. (“JBS” or the “Company”), in a further step towards advancing its planned reorganization, announces that its Board of Directors today unanimously approved the filing of a registration statement with the U.S. Securities and Exchange Commission (“SEC”) of its subsidiary JBS Foods International B.V. (which shall be converted into JBS Foods International N.V.) (“JBSFI”)…
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Itaú to buy Citibank Brazil for US$ 220 million
Itaú has agreed to pay R$ 710 million (approximately US$ 220 million) for the retail operations of Citibank in Brazil. The transaction was announced this morning. Citi primarily serves high-income customers and has 315,000 account holders in the country. In the acquisition, Itaú acquired loan portfolio, credit cards, deposits, asset management, insurance brokerage and the…