- MAV Capital is an alternative asset manager focused on
agribusiness with approximately R$550
million in assets under management in sector specific
private credit funds, led by a best-in-class and highly seasoned
team with extensive experience in the sector;
- The transaction aims to consolidate Vinci's position across
the agribusiness segment in Brazil, a substantially underserved segment by
the investment industry;
- Brazil exhibits numerous
competitive advantages and is currently recognized as a key global
player, while locally agribusiness and related activities are a
meaningful contributor to the country's GDP;
- The acquisition is aligned with Vinci's long-term growth
plan, enabling Vinci to further expand its product offering by
enhancing its credit segment and creating a dedicated vertical to
the Agribusiness sector;
RIO DE
JANEIRO, April 25, 2024 /PRNewswire/ -- Vinci
Partners Investments Ltd. (NASDAQ: VINP) ("Vinci Partners,"
"Vinci," "we," "us," or "our"), the controlling company of a
leading alternative investment platform in Brazil, announced today an agreement
("Transaction") to acquire MAV Capital ("MAV," "Team"), an
alternative asset manager focused on the agribusiness segment in
Brazil, with approximately
R$550 million in assets under
management.
"We are thrilled to announce this transaction and welcome the
MAV team to our platform. We firmly believe that MAV's exceptional
team will be a great addition to the platform and will act as a
powerful catalyst to solidify our presence in the agribusiness
landscape" said Alessandro Horta,
Vinci Partners' Chief Executive Officer and Director.
"The agribusiness impact in Brazil is substantial, with the country being
recognized as a key global player and a major exporter, thanks to
its competitive advantages like extensive fertile land and
favorable climate conditions.
Access to credit poses a significant challenge for producers,
driving them towards private credit and capital markets, which
translates into a sizeable market opportunity to Vinci. Having a
dedicated, first-class team with extensive experience and a proven
track record deploying capital to the sector allows us to expand
our franchise and tackle this opportunity. This transaction is
aligned with Vinci's long-term goals of broadening its business
lines and building leading franchises."
Founded in 2021, MAV Capital is an alternative asset manager
focused on the agribusiness sector, led by a seasoned management
team with an extensive track record. The Team manages roughly
R$550 million in assets, through five
investment vehicles comprising more than 35 in-house structured
credit operations across a number of sectors, such as Agribusiness,
Real Estate and Infrastructure.
MAV´s senior management team boasts more than 20 years of
experience, under the leadership of André Ito, a respected
professional with a background in major banking institutions. The
Team manages capital pools through closed-end fund structures,
featuring long-term lockups extending up to ten years. Their
flagship strategy revolves around acquiring debt securities within
the agribusiness sector, with two vintages raised between 2021 and
2023.
"We are extremely happy to join Vinci, as we see a strong
business and cultural fit. Combining our extensive expertise in
originating operations across the agricultural sector with Vinci's
well-established platform and distribution capabilities will be
pivotal in expanding the franchise and crafting a leading solutions
provider in the segment." said André Ito, founding partner and CEO
of MAV Capital.
Transaction Overview
The Transaction will have an initial cash component, with an
additional consideration in cash through an earnout structure to be
paid in 2028, subject to the achievement of certain incremental
management fee revenue targets.
The Transaction is expected to close in the third quarter of
2024, subject to regulatory approvals and other customary closing
conditions. The acquisition of MAV Capital is not expected to have
a meaningful impact to the company's short-term results.
Seneca Evercore acted as financial advisor to Vinci, with
Lefosse Advogados as legal counsel. Themudo Lessa Advogados acted
as legal counsel for MAV Capital.
About Vinci Partners
Vinci Partners is a leading alternative investment platform in
Brazil, established in 2009. Vinci
Partners' business segments include private equity, public
equities, real estate, credit, infrastructure, special situations,
investment products and solutions and retirement services, each
managed by dedicated investment teams with an independent
investment committee and decision-making process. We also have a
financial advisory business, focusing mostly on pre-initial public
offering, or pre-IPO, and merger and acquisition, or M&A,
advisory services for Brazilian middle-market companies.
About MAV Capital
MAV Capital is an alternative asset manager focused on the
agribusiness sector, founded in 2021, led by a seasoned management
team with an extensive track record, managing approximately
R$550 million in assets through five
investment funds.
Forward-Looking Statements
This press release contains forward-looking statements that can
be identified by the use of words such as "anticipate," "believe,"
"could," "expect," "should," "plan," "intend," "estimate" and
"potential," among others. By their nature, forward-looking
statements are necessarily subject to a high degree of uncertainty
and involve known and unknown risks, uncertainties, assumptions and
other factors because they relate to events and depend on
circumstances that will occur in the future whether or not outside
of our control. Such factors may cause actual results, performance
or developments to differ materially from those expressed or
implied by such forward-looking statements and there can be no
assurance that such forward-looking statements will prove to be
correct. The forward-looking statements included herein speak only
as at the date of this press release and we do not undertake any
obligation to update these forward-looking statements. Past
performance does not guarantee or predict future performance.
Moreover, neither we nor our affiliates, officers, employees and
agents undertake any obligation to review, update or confirm
expectations or estimates or to release any revisions to any
forward-looking statements to reflect events that occur or
circumstances that arise in relation to the content of this press
release. Further information on these and other factors that could
affect our financial results is included in filings we have made
and will make with the U.S. Securities and Exchange Commission from
time to time.
USA Media
Contact
Nick Lamplough /
Kate Thompson / Katie Villany
Joele Frank, Wilkinson Brimmer
Katcher
+1 (212) 355-4449
Brazil Media Contact
Danthi Comunicações
Carla Azevedo
(carla@danthicomunicacoes.com.br)
+55 (21) 3114-0779
Investor
Contact
ShareholderRelations@vincipartners.com
NY: +1 (646) 559-8040
RJ: +55 (21) 2159-6240
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SOURCE Vinci Partners Investments Ltd.