Demarest advises Jive Asset and JIC on asset sales

Demarest Advogados assisted Jive Asset Gestão de Recursos LTDA and Jive Investments Consultoria S.A

Demarest Advogados assisted Jive Asset Gestão de Recursos LTDA and Jive Investments Consultoria S.A in modeling, structuring and preparing documents related to the sale of 49% of certain assets owned by 3 receivables investment funds invested by Jive Distressed Fundo de Investimento Multimercado – Crédito Privado (Fund I), all managed by Jive Asset, in the total amount of R$132,102,000.00.

The funds are managed by MAF Distribuidora de Títulos e Valores Mobiliários S.A. and administered by Jive Asset, and their first issue shares were subject to a public offering with restricted distribution efforts, in accordance with CVM Instruction 476/09.

The Funds were specially structured in order to acquire distressed assets and special situations, as presented by Jive.

Jive is the leading independent investment manager in Brazil, focused on distressed and special situations. Fund I was the first core investment fund structured by Jive to invest in distressed assets and is now in the divestment phase, in which context the transaction was structured and approved by Fund I’s investors.

Demarest Advogados had partners Thiago Giantomassi (pictured left) and João Minetto (pictured right), and associates Isadora Barretto Almeida and Marcela Venturacci.

Jive’s in-housel team was led by Paulo Guimarães (general counsel) and included Roberto Suarez.