Tauil & Chequer and BZCP act on the acquisition of Squid by Locaweb

Tauil & Chequer Advogados in association with Mayer Brown advised Locaweb. Bronstein, Zilberberg, Chueiri e Potenza Advogados advised Squid Digital Media Channel

Tauil & Chequer Advogados in association with Mayer Brown advised Locaweb, a publicly traded IT company, on the acquisition of Squid Digital Media Channel, the most relevant company in the Creator Economy segment in Brazil, which offers the best solutions and platforms to connect influencers and content creators to brands.

With this transaction, Locaweb further consolidates its ecosystem for technology solutions, strengthening the social commerce / live commerce portfolio with powerful and immediate synergy with all Locaweb customers.

The closing price for the acquisition of all shares of Squid, on a fully diluted basis, is approximately R$176.5million. The closing price is subject to certain adjustments to net debt and working capital that are usual in this type of transaction.

The Tauil & Chequer team was led by partners Carlos Motta (pictured top left) and Guilherme Tranquillini (pictured top right), and by associate Isabela Ribeiro and Isabela Franco in advising Locaweb.

Bronstein, Zilberberg, Chueiri e Potenza Advogados relied on partners Eduardo Zilberberg (pictured bottom left), Sergio Bronstein (pictured bottom centre), Vivian Rudge (pictured bottom left) and associate Raphael Chamma and legal assistant Ana Paula to advise Squid.