TPC advises Laticínios São Vicente on the judicial restructuring plan
TPC Advogados represented the premium cheese producing company Laticínios São Vicente during its judicial restructuring lawsuit, which has been successfully completed on December 2024. The debt value in court totaled R$ 23 million.
The company’s restructuring plan was approved by the Brazilian Judiciary in September 2022. Since then, the company more than doubled its revenue, from R$ 70 million in 2022 to R$ 170 million in 2024.
The judicial reorganization process, which began in 2020 as a result of financial difficulties aggravated by the pandemic, involved debts of R$23 million and required an aggressive restructuring of the company, including the reduction of more than 40% of the workforce and robust adjustments to the portfolio and operational strategy. When the company filed for creditor protection, it had annual revenues of R$70 million and faced serious liquidity and capital structure challenges.
The work of TPC Advogados, through a specialized multidisciplinary team, was essential to the success of the judicial reorganization, which culminated in the approval of the reorganization plan in September 2022 – and in the mediation with four classes of creditors, mainly milk suppliers, who were fundamental to the rapid resumption of operations.
In addition to the judicial recovery, the team led by partner Eduardo Paoliello (pictured) advised the company on the restructuring of a tax debt of more than 30 million reais, obtaining significant discounts and an extended payment period.
