Miguel Neto Advogados has helped Brazilian coffee processor 3Corações Group buy coffee brands from local counterpart Cia Iguaçu de Café Solúvel.
Cia Iguaçu, which also manufactures vending machines for instant hot drinks, hired Pinheiro Neto Advogados for the sale.
The deal includes almost all Cia Iguaçu's trademarks and products. The two companies have signed a long-term supply agreement whereby Cia Iguaçu will continue to produce coffee and related goods, which it will supply to 3Corações.
3Corações already has a market-leading position in roast and ground coffee processing, but the acquisition ups its position in the instant coffee market. The deal – which was announced on 11 March – is awaiting approval from Brazil's competition authority.
Counsel to 3Corações Group
Miguel Neto Advogados - Partner Jose Antonio Miguel Neto and associates Renan Bartolone de Miranda and Nayara Farias Ferraz
Counsel to Cia Iguaçu de Café Solúvel
Pinheiro Neto Advogados - Partner João Marcelo Pacheco and associates Roberta Stettinger Bilotti Demang, Thiago José da Silva, Henrique Tetsuaki Matsura Misawa and Giovanna Christina Selena Cezario