Two firms advise on the acquisition of SGEF by BPCE
Cescon Barrieu advised Banque Populaire Caisse d’Epargne – BPCE – Group on the acquisition of the equipment finance business of Groupe Société Générale, which was represented by Pinheiro Neto Advogados.
The transaction including 100% of leasing company Société Générale Equipment Finance – Arrendamento Mercantil (SGEF) in Brazil, as part of a EUR1.1 billion global acquisition.
BPCE and Société Générale are two of Europe’s largest banks and this operation was considered a strategic business choice by both. The acquisition of the global activities involved in the project was carried out at a price of €1.1 billion.
Cescon Barrieu relied on partners Mauricio Teixeira dos Santos (pictured left), Paulo Ceppas Figueiredo (pictured center-left), Manoela Miranda (pictured center-right), associates Axel Schneegans, Natalia Magri, Daniella Kneodler Dantas and Nina Costa.
Pinheiro Neto Advogados advised as Brazilian, Société Générale (seller) and relied on partner Bruno Bauduccini (pictured right), associates Rodolfo Pavanelli Menezes and Beatriz Yumi Kobo.
White & Case acted as international counsel to BPCE and Natixis (buyers) and Jones Day acted as international counsel to Société Générale (seller) with respect to non-Brazilian jurisdictions of the transaction.
