Multiple firms act on acquisition of CSHG Real Estate by Patria

i2a and Pinheiro Neto advised Patria Investiments on the acquisition of Credit Suisse Hedging-Griffo (CSHG)’s Real Estate business in Brazil (CSHG Real Estate). CSHG was advised by BMA in the transaction.

The transaction valued a total cash consideration of up to BRL 650 million.

The transaction covers CSHG Real Estate’s eight listed real estate funds with approximately US$2.4 billion in assets under management. Upon completion, subject to the approval of the relevant fund investors and antitrust clearance, the CSHG Real Estate team and the management of the funds will be transferred to Patria.

In recent years, Patria has carried out transactions that have expanded its real estate platform in Latin America and, with the new acquisition, the institution is expected to become the largest independent manager of Real Estate Investment Trusts (REITs) in Brazil.

i2a relied on partners Marcos Sader (pictured left) and Ronaldo Ishikawa.

Pinheiro Neto Advogados relied on partners Eduardo Paoliello (pictured center) and Cristianne Zarzur, counsel Renato Holsback and senior associate Jackson Ferreira.

BMA relied on partners Henrique Beloch (pictured right), Jane Goldman, Hermano Barbosa and Barbara Rosenberg; associates Pedro Serqueira, Tereza Mayrink Veiga, Lucas Sanchez, Henrique Pimenta, Fernanda Nasciutti, Matheus Piconez and Luiz Galvão.