Pinheiro Neto and Castro Barros in transaction highlighted by TTR
The Brazilian transactional market recorded a total of 359 transactions and moved BRL 24.4bn in the first quarter of 2023.
The Internet, Software & IT Services sector was the most active in the period, with a total of 80 transactions, representing a decrease of 34% compared to the same period in 2022.
In second place is the Industry-Specific Software and Business & Professional Support Services sectors, with 48 transactions each.
The transaction highlighted by TTR Data in Q1 2023, was the sale by Banco Santander Brasil of 40% in WebMotors to CarSales.com. The transaction value is BRL 1.2bn.
The transaction was advised in Brazilian law by Pinheiro Neto Advogados with partners Raphael de Cunto and Castro Barros Advogados with partners and Helen Valente, Guilherme Santos.
Advocacia José Del Chiaro was also involved at this transaction.
