Dias Carneiro advises Cyan on the sale of its stake in Iguá Saneamento
Dias Carneiro advised the Cyan Fundo de Investimento Multimercado Investimento No Exterior – Crédito Privado (Cyan) for the Canadian pension fund
The law firm Dias Carneiro, advised Cyan on the sale of all its direct and indirect stake in Iguá Saneamento S.A. to an investment vehicle of the Canada Pension Plan Investment Board (CPPIB).
The divestment of Cyan occurred in the context of CPPIB’s investment for an aggregate 45% interest in Iguá, in partnership with other existing investors, including Alberta Investment Management Corporation (AIMCo), IG4 Capital Group and BNDES Participações S.A. (BNDESPAR).
By consummation of CPPIB’s investment, in accordance with the terms of a certain investment agreement and the exercise of BNDESPAR’s right of first refusal, an investment of R$596 million was made in Iguá, which included contributions from CPPIB, AIMCo and BNDESPAR.
The Dias Carneiro Advogados team included partners Artur Fernandes Andrezo (pictured left) and Thiago Vallandro Flores (pictured right) and lawyer Pedro Malvezzi de Araújo.
Stocche Forbes Advogados with partners Fabiano Milani, Raphael Fonseca Niemeyer and Melissa Rodrigues advised the Canada Pension Plan Investment Board (CPPIB)
Pinheiro Neto Advogados advised Iguá Saneamento and Iguá Fundo De Investimento through partner Eduardo Paoliello and associates Mariana Alonso Tomazelli, Otavio Balero Pereira de Carvalho and Ana Clara Mattiello Sverzut.
Mattos Filho Advogados represented Alberta Investment Management Corporation (AIMCo) with the team formed by partners Daniel Calhman de Miranda, Guilherme Woo de Moraes Terra, Raphael Yukio Hayakawa da Costa and Mateus Telles Valle.
