Several law firms advise on the acquisition of Conta Azul by Visma
Several law firms advised on the acquisition of Conta Azul International Holdings Corporation (controlling entity of Conta Azul Software and Conta Azul Instituição de Pagamento) by Visma (BVI) Holding Limited (a subsidiary of Visma International Holding). A transaction carried out in the British Virgin Islands (BVI).
The deal involved the purchase of 100% of Conta Azul’s capital, providing an exit for all its investors, including major venture capital firms such as Tiger Capital, Ribbit Capital, Monashees, and BTG Pactual (which held a 27% stake). Despite selling their shares, ContaAzul’s founders, Vinícius Roveda and José Sardagna, are expected to remain as executives within Visma.
As a result, Visma International Holding AS became the sole shareholder of Conta Azul International Holdings Corporation and the controlling entity of the Conta Azul Group, which specializes in providing cloud-based financial ERP solutions for small and medium-sized businesses in Brazil.
The transaction value is around R$ 1.8 billion. The transaction remains subject to the fulfillment of certain conditions precedent, including approval by CADE and other regulatory authorities.
Mattos Filho advised the buyer and relied on partners Tomás Neiva (pictured left), Camilla Martes, associates Rodrigo Miranda, Luca Corrêa de Mendonça and Lucas de Oliveira.
Willkie Farr & Gallagher LLP also advised the same partie and relied on partners Anna Martini G. Pereira and Erin Kinney, and included partner Scott Thompson, associates Nidhi Modani and Marcelo Romano, law clerk Maria Clara Castro do Egito Coelho and international attorney Pedro Ricco.
Pinheiro Neto Advogados advised the founders and relied on partner Leonardo Baptista Rodrigues Cruz (pictured center-left) associates Catharina Fávero Mirandola, Lucas Machado Pereira.
Gunderson Dettmer Stough Villeneuve Franklin & Hachigian also advised the same partie and relied on partner Adan C. Muller and associate Monica Dion.
Bronstein, Zilberberg, Chueiri & Potenza Advogados advised Monashees and relied on partner Pedro Chueri (pictured center-right).
Veirano Advogados advised Banco BTG and relied on partners Guilherme Monteiro (pictured right) and associate João Pedro Fontes Zagni.
WSGR advised Tiger and relied on partner Maurice Guttmann.
