Mattos Filho advises on merger between CBO and OceanPact
Mattos Filho acted as legal advisor to CBO and its controlling shareholders, Vinci Partners and Pátria Investimentos, in the agreement entered into between CBO and OceanPact to combine their businesses, unifying their operations and creating one of the leading global players in the maritime support sector for the oil and gas industry.
The resulting company will have a combined fleet of 73 vessels and contracts already signed in the approximate amount of R$ 13.6 billion. OceanPact will remain listed on B3. Ultimately, CBO shareholders will hold 57.86% of the combined company’s share capital, which implies an approximate value of R$ 4.5 billion for the company.
The transaction will be submitted for approval by the general shareholders’ meetings of each of the companies and, once approved, will be subject to the fulfillment of certain conditions precedent, including approval by CADE, in order to be effectively completed.
In the transaction, Mattos Filho acted as legal advisor to CBO and its controlling shareholders, Vinci Partners and Pátria Investimentos, relying on partners Claudio Oksenberg, Vanessa Fiusa, Paula Camara, Pedro Whitaker de Souza Dias, Thais Rodrigues, Nilton Mattos (pictured from left to right), associates Marcelo Matos de Andrade, Matheus Tavares, Cleber Oliveira Silva, Thamires dos Santos, Mariana da Rosa, Maria Medina Pena, Duane Sarlo de Brito Santos, Igor do Amaral Quintanilha, and Leonardo Lourenço de Oliveira.
