Pinheiro Neto assists Embaré in acquisition of Betânia
Pinheiro Neto Advogados assisted Embaré in the acquisition of Betânia, which sold part of its business to Arlon
The deal is a business combination between Betânia and Embaré, two of the main players of the dairy sector in Brazil that was structured so that 100% of Betânia was acquired by Embaré and 25.88% of Embaré was acquired by Arlon Food NE Participações.
The transaction was worth R$ 1,700,000,000. Betânia’s shareholders agreed to migrate their investment from Betânia to Embaré, in such a way that Betânia will become, when closed, an integral subsidiary of Embaré.
In addition, Arlon has agreed to purchase additional shares representing 25.88% of Embaré’s capital stock.
Upon closing, Embaré will be owned by Embaré’s current shareholders, Arlon and Betânia, and Betânia will become a wholly-owned subsidiary of Embaré.
Pinheiro Neto Advogados represented Arlon with a team formed by partners Fernando Alves Meira (pictured left), Tiago Moreira Vieira Rocha (pictured top right), Leonardo Rocha e Silva (pictured bottom right) and associates Ricardo Busana Galvão Bueno, Ana Carolina Malnarcic.
Embaré was represented by Fialho Salles Advogados with partner Luciano Fialho, Patrícia Alvarenga and associate Bárbara Menezes Monduzzi.
Spinelli Advogados advised Betânia with partner Sérgio Spinelli and Fernanda Cardoso, associates Rafael Miragaia.
