Mundie e Advogados is helping US payment products company FleetCor Technologies buy Brazil's largest electronic toll payment company, Servicos e Tecnologia de Pagamentos (Sem Parar), for just over US$1 billion.
Sem Parar's sellers include infrastructure concession groups CCR and Arteris, Sem Parar founder Ivan Toledo, US investment manager Capital Group, Brazilian sugar and ethanol company Raizen and technology company GSMP. CCR hired Machado Associados - Advogados e Consultores for corporate work and is thought to have hired Pedro Dutra Advogados as antitrust counsel, although this was not confirmed; Toledo and Capital worked with two separate teams from Pinheiro Neto Advogados; while GSMP was represented by Porto Lauand Advogados. Other shareholders relied on in-house counsel.
Sem Parar processes more than 10 billion reais (US$2.7 billion) in toll, parking and fuel payments annually. FleetCor, which is carrying out the acquisition through subsidiary DBTrans Administradora de Meios de Pagamento, will fund the deal using cash and borrowings. The transaction awaits regulatory and shareholder approval.
Counsel to FleetCor Technologies
Mundie e Advogados - Partners Rodolpho de Oliveira Franco Protasio, Patrícia Ferreira Nakahara Machado and Antenori Trevisan and associates Cesar Rodrigues Carvalho, Diego Orenstein and Marcelo de França Fernandes da Silva
Counsel to CCR
In-house counsel - Marcus Senna and Tatiana Rocha Tafarello
Machado Associados - Advogados e Consultores - Partners Luciana Felisbino, Renata Almeida Pisaneschi, Mauro Takahashi Mori and Lisiane Menossi Pace, counsel Isabel Bertoletti and associates Rochelle Ricci, Rogério Gaviolle, Raphael Gouveia Bello, Rafaela Scorza de Castro and Paloma Yumi de Oliveira
Counsel to Ivan Toledo
Pinheiro Neto Advogados - Partners Alexandre Bertoldi and Caio Ferreira Silva, counsel Sofia Toledo Piza and associate Carlos Eduardo Azevedo
Counsel to Capital Group
Pinheiro Neto Advogados - Partner Álvaro Santos and associate Juliana Maluf
Counsel to GSMP
Porto Lauand Advogados - Partners Leonardo Toledo da Silva and Rodrigo Porto Lauand and associates Guilherme Penteado Cardoso, Alessandra Tridente, Cristiane da Silva Freitas Corrêa and Eduardo Alcarpe Martins
Counsel to Sem Parar
In-house counsel - Daniel Vieira de Macedo Gonçalves
Counsel to Raizan
In-house counsel - Yve Carpi de Souza
Counsel to Arteris
In-house counsel - Maria de Castro Michelin