Felipe, Rafael and Marcelo – BVA partners

BVA act with other firms on the acquisition of Ecocopter by Helipar

Barreto Veiga Advogados (BVA) acted as advisor to Helisul in Brazil and have acted with other several firms on the acquisition of 100% of Ecocopter, a Chilean aeronautics and air services company in Chile and Ecuador, by Helisul Taxi Aereo, a leading helicopter operator in Brazil.

This transaction represents Helisul’s first acquisition outside Brazil, and is the first step in its expansion plan in Latin America. The deal will allow for growth and consolidation in the international market thanks to the synergies between the two companies, reaching a total fleet of 81 aircraft (including helicopters and fixed-wing aircraft).

The cross-border acquisition, signed in October and closed on 6 May, had a value of approximately USD 36 million. The transaction involved the coordination of the three jurisdictions and included due diligence, structuring, acquisition, and obtaining regulatory and financier approvals, as well as the signing of definitive transaction documents, the satisfaction of conditions precedent and the closing of the transaction.

Ecocopter operates helicopters in a variety of business lines, including mining, energy, communications, firefighting, medical transport, agriculture and tourism, among other activities.

BVA’s team was composed of partners (pictured from left to right) Felipe Barreto Veiga, Rafael Teixeira and Marcelo Simon Ikeiziri.

The other firms advising on the transaction were Dentons Paz Horowitz as advisor to Ecocopter in Ecuador; Larraín y Asociados as advisor to Helisul in Chile; Bodero y Asociados as advisor to Helisul in Ecuador; Carey as advisor to Inversiones Cifco, shareholders in Chile; the Ecuadorian firm Robalino, as advisor to KPMG Peru, in its capacity as lead advisor to Helisul; Auddas also acted as financial advisor to Helisul. (Read the international coverage here)