Madrona advises Alaska on the acquisition of a stake in Biomm

Madrona Advogados has advised funds managed by Alaska Asset Management on the acquisition of a 26.15% stake in Biomm, in a transaction valued at BRL 260 million (approximately USD 50 million). The deal was executed through a stock exchange auction and involved the purchase of shares that Banco Master had previously transferred to BRB, as well as shares formerly held by Cedro Holding.

The transaction was structured to enable the simultaneous exit of two shareholders — BRB and Cedro Holding — that had been negatively affecting Biomm’s cap table, and to facilitate the entry of Alaska Asset Management as a new, relevant strategic shareholder. Madrona Advogados was involved throughout the entire structuring of the transaction and in the negotiations with BRB to enable the share auction.

Following the closing of the acquisition, Biomm’s Annual Shareholders’ Meeting was held, at which Luiz Alves Paes de Barros, Alaska’s portfolio manager, and Thiago Fiuza of Madrona were elected as members of Biomm’s Board of Directors, replacing the board members previously appointed by Banco Master and Cedro.

Madrona Advogados’ team was led by partner Alice Dourado (pictured), alongside Thiago Fiuza.