Veirano advised Cartesian on telecoms investment in Brazil

Veirano Advogados acted for private equity group Cartesian Capital on its acquisition of a minority stake in Brazil’s Aloo Telecom.

Cartesian Capital is a private equity firm headquartered in New York. Aloo Telecom is a Brazilian regional telecommunications company focused on connectivity via optical fiber. The company is headquartered in Alagoas and has operations in 14 states throughout Brazil.

The deal, valued at $75 million, gives Cartesian a minority stake in Aloo. The size of the stake was not disclosed.

Partners Lior Pinsky and Renata Fialho de Oliveira led the Veirano team advising Cartesian.

Aloo instructed TozziniFreire.


Ignacio Abella