Three firms advise on Iguatemi’s acquisition of shopping centers
Lacaz Martins, Pereira Neto, Gurevich & Schoueri; Eskenazi Pernidji Advogados and Machado Meyer Advogados, advised on the transaction in which Iguatemi acquired the participation of BRASC Shopping Centers, BRASC Higi Shopping Centers, BBH Higienópolis, BPY Higi Participações and BPY Higi Empreendimentos, of 50.1% in Shopping Pátio Higienópolis, 60% in Shopping Pátio Paulista and 44.16% in the expansion of Shopping Pátio Paulista. The closing of the transaction is subject to the usual conditions precedent for this type of transaction.
The transaction amounted to R$ 2,585,119,000.00. This transaction successfully concludes the funds’ divestment strategy and for Iguatemi represents the consolidation of its leadership position in São Paulo.
BTG Pactual acted as financial advisor to the controlling shareholders in this transaction.
Machado Meyer advised Brazil Retail Fundo de Investimento em Participações Multiestratégia, BPY Higi and Brookfield Brazil Higienopolis Holdings, with leading partners Paulo Henrique Carvalho Pinto (pictured left), Guilherme Malouf (pictured right), partners Bruna Marrara Martinez, Maria Eugenia Novis, Maria Flavia Seabra, lawyers Fabiana Sawaya Sallum, Mariana Mendonça, Rodrigo Batah, Leonardo Gioachini De Paula.
Eskenazi Pernidji Advogados represented Iguatemi and relied on partners Sergio Eskenazi, Cristina Gonçalves and associate Stephanie King.
Lacaz Martins, Pereira Neto, Gurevich & Schoueri also represented the buyers and relied on partner Erica Fernandes Campos Verissimo and associate Nathalia Maria Miquelino Leal.
G5 Partners also advised Iguatemi.
