Several firms act on ACG’s US$1bn acquisition of mines in Brazil
Several firms acted on the acquisition of Santa Rita nickel sulfide and Serrote copper mines by ACG, a London-listed special purpose acquisition company (SPAC), from private equity funds advised by Appian Capital (sellers), with investments from Glencore ($100 million in ACG equity), Stellantis and mining investment fund La Mancha Resource Capital (each with $100 million in ACG equity) and Volkswagen Group’s battery unit PowerCo ($100 million nickel prepayment).
The transaction value was USD 1,065,000,000.
Lefosse advised ACG Acquisition Company and relied on partners Luiz Octavio Lopes, Christiano Rehder, Kenneth Ferreira, Zeca Berardo, Jayme Freitas, André Mileski, Eduardo Carvalhaes , Juliana Daniel, Andréa Caliento, Guilherme Mota, Aloizio Lima, Jana Araujo, Ricardo Santos. Associates Aline Pardi, Natalia Graton, Juliana Sá, Jessica Ribeiro, Karen Coutinho, Astrid Rocha, Elen Lizas, Gabriela Mello, Gabriel Pretola, Giulia Caruso, Henrique Miguel; João Souza; Jorge Kou; Luiz Loureiro; Marcio Meinberg; Vicente Gioielli; Victoria Weber.
Cleary Gottlieb Steen & Hamilton also advised the same partie and relied on partners David Gottlieb, Chrishan Raja and Polina Lyadnova, and on associates Gabriele Barbatelli, George Taylor, Natalia Rezai, Joao Guilherme Thiesi da Silva and Lucas Santanna.
Veirano Advogados advised Glencore and relied on partners Pedro A. Garcia, Ian Muniz, associates Antonio Albani and Lívia Gândara.
Weil Gotshal & Manges LLP also advised Glencore and relied on associates Mark Spiller, Ada Lam and Zoe Wedderburn-Day.
Cescon Barrieu advised Appian Capital Advisory and relied on partners Ronald Herscovici, Joyce Honda e Marcelo Moura.
Norton Rose Fulbright advised Appian Capital Advisory and relied on partners Jon Perry and Felicity Brown, associates Ed Gardner and Seamus Connelly.
Madrona Fialho advised Appian and Norton Rose Fulbright and relied on partners Patrícia Alvarenga and Pedro Magalhães.
Latham & Watkins LLP advised Citigroup, ING and Société Générale.
Pictured from left to right: Luiz Octavio Lopes (Lefosse), Pedro Garcia (Veirano), Ronald Herscovici (Cescon), and Patrícia Alvarenga (Madrona Fialho)
