Nossa assessoria à Fortgreen, empresa especializada na produção de fertilizantes, foi destaque na Latin Lawyer. A operação foi realizada pela equipe de Societário, Fusões e Aquisições, Tributário, Mercados Financeiro e de Capitais e Imobiliário.
Irish agribusiness enters Brazil
Fredrik Karlsson | 31 July 2018
Demarest Advogados in São Paulo has helped Irish agricultural-services group Origin buy a 65% interest in Brazilian counterpart Fortgreen for 179 million Brazilian reais (US$48 million).
The firm also helped Origin acquire a 20% stake in Brazilian agribusiness Ferrari e Zagatto, for an undisclosed amount.
Most of the same shareholders own both Ferrari e Zagatto and Fortgreen. They relied on Lobo de Rizzo Advogados in São Paulo and are also thought to have hired Philip Lee in Ireland, but this could not be confirmed prior to publication. Irish firm Arthur Cox is understood to have helped Origin.
Origin will pay an additional 39 million Brazilian reais (US$10 million) for Fortgreen if it meets specific undisclosed profit targets. The agreement also allows it to buy the remaining 35% interest in the target.
Origin can acquire an additional 40% share in Ferrari e Zagatto until 2020.
Fortgreen and Ferrari e Zagatto are based in the southern state of Paraná. The companies provide services to the agribusiness sector related to crop nutrition and crop technology. Their acquisition marks Origin’s entry into the Brazilian market.
Both deals were signed on 18 June.
Counsel to Origin
Demarest Advogados
Partners José Setti Diaz, Claudio Mattos and Renato Canizares, and associates Débora Sejtman, Natália Graton, Ana Paula Schedel, Renato Squarzoni Dale, Henrique Rodrigues Anders, Daniel Abuchalla, Marcelo Simon Ikeziri and Murilo Domene in São Paulo
Counsel to Fortgreen, Ferrari e Zagatto Comércio de Insumos and selling shareholders
Lobo de Rizzo Advogados
Partners Rodrigo Delboni Teixeira and Mariana Miranda Lima, and associates André Ramos Bedim, Carla Cristina Martins Cardozo, Franklin Alves de Oliveira Gomes Filho, Gabriel Arruda Chueke, Joice Nogueira Dolse, José Eduardo Marretti and Marcella Regis Santos in São Paulo