Two law firms advise on Shinagawa’s acquisition of Reframax
Demarest advised Shinagawa Group, from Japan, on the acquisition of 60% of equity interests in Reframax Engenharia, a Minas Gerais-based company that provides refractories installation and other industrial services, which was advised by Madrona Fialho Advogados.
It was also agreed with Shinagawa a founder’s initial put option for the sale 15% equity interest in Reframax, exercisable 3 years after the closing of the transaction; and another founder’s put option for the remaining equity interest in Reframax, after a longer and specific period of time.
The transaction value was BRL 600 million. The closing is conditioned to the approval by the Brazilian Antitrust Authority (CADE), as well as compliance with the other conditions precedent set forth in the SPA.
Demarest Advogados advised Shinagawa Group and relied on partners Jose Diaz, Fabio Tayar and André Novaski (pictured top from left to right); associate Júlia Helena Coelho.
Madrona Fialho Advogados advised the founding shareholders of Reframax and relied on partners Ricardo Madrona (pictured bottom left), Alice Dourado (pictured bottom right); associates Pedro Porcaro, Juliana Rodrigues e Marilia Sampaio.
