Corporate and M&A: High-end in Brazil

BMA Advogados

Formed by highly qualified and experienced professionals’, the corporate and M&A team at BMA Advogados attracts instructions from several private and public companies in relation to their largest and most critical domestic and cross-border transactions. Showcasing strong capabilities across the entire spectrum of corporate and transactional matters, the team is engaged by clients operating in an array of industries – including energy, telecoms, oil and gas, retail, agribusiness and mining – with regards to complex M&A deals, corporate restructuring, private equity investments and governance issues. The group, which often collaborates with the litigation practice, is also well versed in corporate and shareholder disputes. Luís Loria Flaks, in Rio de Janeiro, has a wealth of experience in reorganisations, joint ventures and cross-border M&A, while São Paulo-based Roberto Dias Carneiro is a key contact for financial services, construction, energy and agribusiness clients; the pair jointly oversee the department. In the São Paulo office, founding partner Paulo Cezar Aragão has a strong track record in corporate transactions involving Latin American jurisdictions; Monique Mavignier is active in private and public M&A on behalf of sellers and buyers; Ana Paula Reis stands out for her regulatory expertise; and Pedro Henrique Serqueira advises on divestments, joint ventures and commercial agreements. Amir Bocayuva Cunha - who is routinely retained by entrepreneurs, private equity funds and public companies - works out of the Rio de Janeiro office, where he is flanked by senior associates Thiago Pinho and Karina Lerner; both are additional names to note for corporate and M&A matters.

Practice head(s):

Luís Loria Flaks; Roberto Dias Carneiro


Highly technical team; strong expertise and proximity to the client.

Monique Mavignier: expert in corporate matters; practical analysis of cases.

Very complete and diverse team. They handle the most diverse and complex matters, all with great quality. They understand the needs of the client and work according to the demands of each project.

Firm formed by highly qualified and experienced professionals. They make an important contribution to the definition and implementation of strategies related to highly complex deals.

Key clients



Eleva Educacao

XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários

Centrais Elétricas Brasileiras (Eletrobrás)

IRB Brasil Resseguros

Ultrapar Participações

Jereissati Participações



BTG Pactual

Rede D’Or São Luiz


Peninsula Participacoes



Aliansce Sonae Shopping Centers


CSN Mineração

Cimento Tupi

Work highlights

  • Assisted XP with the acquisition of a strategic minority stake in Grupo Suno.
  • Assisted fintech Olivia AI and its shareholders with the Brazilian law aspects involving the company’s sale to NuBank.
  • Advised Sul América on its business combination with Rede D’Or São Luiz.

Cescon Barrieu

Combining regulatory, transactional and multijurisdictional capabilities, Cescon Barrieu houses an ‘extremely agile and committed’ corporate and M&A practice which is well positioned to handle a significant volume of large-cap deals on behalf of major public corporations, privately-held companies and financial institutions. Working in close collaboration with antitrust, tax, labour and securities experts, the team is active in an array of sectors, including telecoms, IT, consumer goods and energy – the latter being an area of particular strength. Maria Cristina Cescon, who is highly regarded for representing financial institutions, corporations and private equity funds in investment matters and high-value M&A, and Marcos Flesch, a name to note for joint ventures, restructurings and corporate governance, co-head the group. Tech companies, PE funds and financial services conglomerates regularly turn to Ronald Herscovici for advice on leveraged acquisitions, tender offers and M&A. Cristina de Freitas Bueno (who has a strong background in investment banking), Darkson Delmondes Galvão and Ana Carolina Castro Reis Passos are all experienced across the full range of corporate transactions; and Luciana De Castro Mares Torres is a key contact for energy, retail and agribusiness clients. Corporate governance and public M&A are among Fernanda Montorfano Gibson’s areas of expertise, while Eduardo Lanna is particularly recommended for his performance in power deals. Other individuals of note include Vitor Stern, Manoela Miranda (who is regularly instructed by clients from the pharmaceuticals, cosmetics, retail, and food and beverages sectors), and senior associate Isabel Trigueros. Matheus Fernandes was raised to the partnership in November 2022.

Practice head(s):

Maria Cristina Cescon; Marcos Flesch


‘The firm is one of the most specialised in M&A transactions in the electricity sector.’

‘A team that understands the client and what the client needs, goes beyond the legal and helps us solve problems from the perspective of the business owner. They are extremely agile, committed and have an incredible technique.’

‘Cescon, Barrieu, Flesch & Barreto Advogados is among the three best M&A firms in the country. They are totally business-oriented, fast and with deep knowledge of the matter.’

‘Extremely committed, agile, and has diverse experience to address strategic and more complex issues.’

‘Partners are very attuned to the market. Team is easily accessible, and responds to demands within the deadlines. All very intelligent and experienced professionals.’

‘Eduardo Lanna is the most talented professional of his generation. He has a vast list of transactions in his curriculum. He does a fantastic job.’

‘Maria Cristina Cescon and Vitor Stern are recommended.’

‘Eduardo Lanna and his team is always available. Each day that passes, the firm surprises me more with the work developed.’

Key clients

AES Brasil Energia

B3 – Brasil, Bolsa, Balcão

Brookfield Asset Management

Camil Alimentos

Canada Pension Plan Investment Board (CPPIB)

Carta Fabril

Copa Energia

EDP Energias do Brasil

Encora Holdings Limited

Enel Brasil

Equatorial Energia

Fonte Saúde/Alliar

Grupo Cortel

Grupo Edenred


ICL Group

Inspired Education


Mogiana Alimentos

Petro Rio



Unimed BH

Work highlights

  • Advised Brookfield Asset Management on of carve out process and subsequent acquisition by an investment fund managed by affiliates of Brookfield Asset Management of said carved-out assets from the RAC (rent-a-car) and used car sales’ operations of Unidas Aluguel de Carros.
  • Advised Petro Rio on the merger of all shares issued by Dommo Energia into a Petro Rio subsidiary.
  • Assisted CPPIB in the corporate reorganisation of the joint venture with Votorantim with the purpose of developing renewable energy greenfield projects in the context of the energy transition process in Brazil.

Demarest Advogados

Regularly turned to by a stellar roster of clients, comprising international and domestic companies, private equity funds, financial institutions and other active participants in M&A, Demarest Advogados ‘provides practical, actionable advice’ and ‘innovative solutions’ in the context of high-value inbound and outbound transactions. In addition to its strong credentials in cross-border M&A, the group is particularly noted for its experience in deals involving publicly held companies, where it can draw on its strong regulatory and compliance skills. Corporate governance and M&A specialist Luciana Cossermelli Tornovsky is well versed in cross-border transactions, including investments and joint ventures. With over two decades’ experience in corporate transactional matters, José Diaz maintains a broad practice centred on M&A, corporate reorganisations and international trade. Gabriel Kuznietz, who regularly acts for aviation and maritime clients, is also singled out for his experience in large-cap M&A. Brazilian household name companies, sovereign wealth and private equity funds routinely seek Thiago Sandim’s advice, while Ana Carolina Botto Audi excels in private equity and venture capital investments. Fábio Tayar and Marcelo Peloso – who focus on M&A, private equity work, and corporate reorganisations – are the stand out figures at the associate level. Since publication, the team has been reinforced by the arrival of Julia Visconti from Lobo de Rizzo Advogados in January 2024, and of João Busin from TozziniFreire Advogados in May 2024.


José Diaz always knows how to assemble the right team for a project. The team provides practical, actionable advice and is always looking for innovative solutions.

José Diaz is always willing to dig in and help, and provides business centric advice every step of the way.

In addition to technical knowledge involving other areas of law, the team has the ability to reconcile the interests of the parties involved, always finding an intelligent and viable alternative.

Key clients



Banco Inter

Alvarez & Marsal






Solum Partners



Zimmer Biomet

Syntagma Capital

Oaktree Capital


L Catterton

Aqua Capital


Shinagawa Refractories



Work highlights

  • Advised Companhia Siderúrgica do Pecém on the sale of 100% of CSP shares to ArcelorMittal Brasil.
  • Assisted Syntagma Capital with the acquisition of the pulp business of Imerys for R$2bn.
  • Assisted CyrusOne in the sale of its entire stake in Odata to Aligned Data Centers.

Machado Meyer Sendacz e Opice Advogados

Machado Meyer Sendacz e Opice Advogados is seen with great regularity advising an enviable roster of clients – including private and publicly held companies, financial institutions, investment firms, pension funds and governmental entities – on industry-defining transactions. Besides its proficiency in high-value M&A across an array of sectors (ranging from energy to education and telecoms), the practice also undertakes transactional work pertaining to joint ventures, asset divestments, privatisations and corporate finance. A strong performer on both buy and sell-side mandates, the firm is singled out for its geographical reach across Brazil and international capabilities, which ensure it is particularly well positioned to handle cross-border deals. Practice head Arthur Bardawil Penteado is the name to note for public M&A and high-value private equity investments. The latter is also a core area of focus for Mauro Cesar Leschziner, who is also engaged by clients from the worlds of agribusiness, healthcare, technology, education and consumer goods in relation to M&A, corporate and contractual matters. In addition to his strong M&A capabilities, Guilherme Bueno Malouf has a wealth of experience in the structuring of investment funds, while Elie Sherique (who is a member of the firm’s Latin American and Iberian desks), is proficient in domestic and cross-border business transactions. Other key individuals include Luciana Costa Engelberg, Diana Henne and Luiz Mascaro, all of whom advise on private and public M&A. Bringing together expertise in corporate governance, securities regulation and cross-border M&A, Adriana Pallis is also noted. At associate level, senior João Guilherme Soggio is especially active in the real estate, agribusiness, tech and financial sectors.

Practice head(s):

Arthur Bardawil Penteado


‘Full-service firm with excellent partners.’

‘Guilherme Malouf and Arthur Penteado are the new generation of leaders. They stand out for their commitment and technical preparation.’

Key clients

Blackstone Tactical Group


Diagnósticos da América (DASA)




Banco Bradesco

Banco C6


Banco BTG Pactual

Engie Group

Itochu Corporation

Work highlights

  • Advised UPL on the negotiation of the definitive M&A agreements with KKR, whereby KKR acquired a 13.33% stake in Advanta, a subsidiary of UPL.
  • Acted as legal advisor to Prisma Capital and DXT International in relation to the entry of Prisma Capital in the share capital of Matrix Energy Participações.
  • Assisted Engie Brasil Energias Complementares with the acquisition of the quotas and shares representing the total and voting capital stocks of Engie Solar Brasil Energia and SolaireDirect (SD) Holding Brasil, respectively.

Mattos Filho

With offices in São Paulo, Rio de Janeiro, New York and London, Mattos Filho’s first-class M&A practice continues to represent blue-chip clients in landmark transactions across a broad range of sectors, most notably technology, financial services, healthcare, construction and energy. Covering the full spectrum of corporate and transactional matters, the sizeable team is frequently engaged in big-ticket public and private M&A, and is a go-to choice for private equity funds, large investors and venture capital firms. Daniel Calhman de Miranda, who has a well-established reputation in the market, ‘makes the difference at a negotiating table or in a meeting where critical decisions are made’. In addition to his expertise in corporate restructurings, joint ventures and foreign investments, João Ricardo de Azevedo Ribeiro is also skilled in corporate governance issues, where he acts for corporations and shareholders alike. Drawing on his previous experience at the Brazilian Securities Commission (CVM), Moacir Zilbovicius possesses notable credentials in M&A involving publicly-held companies. Marcelo Ricupero specialises in distressed transactions, while Paula Vieira de Oliveira , Pedro Whitaker De Souza Dias and Rodrigo Figueiredo Nascimento are all trusted advisers to private equity clients. Rodrigo Ferreira Figueiredo – currently resident partner in the firm’s London office – advises European and Asian players on cross-border corporate deals with ties to Brazil. Transactions involving energy companies and assets are core areas of activity for Victor Gelli, who is also experienced in corporate regulatory matters. Corporate governance, self-regulation for publicly traded companies and reorganisations are areas of expertise for Guilherme Bouzan, while Luciana Pietro Lorenzo (a key contact for the education sector), and Maria Fernanda de Almeida Prado e Silva (who is often retained by life sciences clients), are other practitioners to note for public M&A. Since research concluded, Vieira de Oliveira has been announced as the new head of the firm’s New York office – effective as of October 2023.


Very flexible, clever and diverse team, which is easy to work with.

Rodrigo Nascimento is recommended.

Daniel Miranda has impeccable technique, and provides solutions to sophisticated problems.

Key clients

Grupo Big Brasil

Comerc Participações


Compass Gás e Energia

Indorama Ventures


Alpha Capital Acquisition Company

Eurochem Comércio de Produtos Químicos

Mosaico Tecnologia ao Consumidor


Equatorial Energia

Canada Pension Plan Investment Board

Darling Ingredients


Holcim Group Services

Administradora Fortaleza

Mubadala Capital


Ultrapar Participações

Work highlights

  • Acted for Compass Gás e Energia on the acquisition of the 51% equity stake held by Petróleo Brasileiro (Petrobras) in Petrobras Gás (Gaspetro).
  • Acted (in conjunction with Freshfields Bruckhaus Deringer LLP) as counsel to Holcim Group Services on the local law aspects of the sale of its Brazilian subsidiary LafargeHolcim to CSN Cimentos for an enterprise value of approximately $1.025bn.
  • Advised Indorama Ventures on its $1.3bn acquisition of Oxiteno.

Pinheiro Neto Advogados

The ‘extremely competent, attentive and technical team’ at Pinheiro Neto Advogados attracts instructions from an impressive corporate client base in relation to their largest and most critical domestic and cross-border transactions. M&A involving publicly-traded companies is a key strength for the department, which is skilled at handling both buy and sell-side mandates. A popular destination for investment banks, venture capital firms and private equity funds, the group is present in all of Brazil’s major industries, having recently experienced an uptick in transactional activity in the technology, agribusiness, education, energy and healthcare sectors. With over three decades’ experience in the M&A and private equity spheres, Carlos Alberto Moreira Lima Jr heads up the corporate group. Alexandre Bertoldi, whose notable areas of practice include M&A, and banking and finance, and his successor as managing partner, Fernando Alves Meira, a veteran in multijurisdictional deals, are also core members of the team. Henry Sztutman is counsel of choice for several private equity firms seeking advice on their investments in Brazil, while private equity deals, corporate reorganisations and M&A are among Miguel Tornovsky’s specialisms. Other noteworthy M&A practitioners include: Joao Marcelo Pacheco; the ‘brilliantEduardo Paoliello Jr.Andre Vertullo Bernini, who excels in distressed acquisitions and PE investments; Joamir Müller Romiti Alves, a key advisor to private and public companies; Roberta DemangeCamila Carvalho Gomes, who shines in cross-border deals; Cauê Rezende Myanaki; and Tiago Eler Silva Marcelo Viveiros de Moura, who specialises in M&A in the oil and gas and telecoms sectors, is a key individual in Rio de Janeiro. At associate level, Rodolfo Schreuders is active in cross-border M&A and private equity investments.

Practice head(s):

Carlos Moreira Lima Jr


Extremely competent, attentive and technical team, able to carry out any business structure.

Eduardo Paolielo is brilliant, he conducts his work by really putting himself in the clients’ shoes.

Key clients

Pátria Investimentos

Advent International

Carlyle Group

H.I.G. Capital

Credit Suisse

Raízen Energia

American Tower Corporation

Grupo Simões

Notredame Intermédica

SoftBank Group

Banco Bradesco

Rede D’Or São Luiz

Bank of China

Caixa Econômica Federal

Banco BTG Pactual

Magalu Pagamentos

Hapvida NDI




Work highlights

  • Advised Localiza on its R$55bn merger with Companhia de Locações das Américas (Unidas).
  • Acted for TIM on its joint acquisition with Telefonica (Vivo) and Claro of the mobile services business operated by Oi Móvel.
  • Assisted Globenet (and certain private equity funds managed by BTG Pactual) with the acquisition of 57.9% of the shares in the isolated production unit (UPI) InfraCo, a subsidiary of Oi, which holds the largest fibre-optic network in Brazil.

Lefosse Advogados

Praised for its ‘great negotiation skills’, Lefosse Advogados fields a large team that is fully dedicated to corporate law and M&A transactions. The group works with a broad range of corporate clients on a wealth of headline-grabbing transactions, demonstrating particular strength in the education, technology and energy sectors. The firm – which has been experiencing considerable growth in both headcount and market share – is a prime destination for Brazilian and foreign companies, as well as private equity funds and venture capital players engaged in ‘critical transactions’, including cross-border deals. Luiz Octavio Lopes, whose ‘broad legal vision’ is highlighted by clients, has steered the team in an array of M&A transactions of national and international significance. Carlos Mello – one of ‘the best M&A legal advisers in the market’ – is often retained by large Brazilian conglomerates in relation to M&A deals and corporate restructuring matters. André Calumby is turned to by several public companies, private equity firms and venture capital funds seeking advice on the entire spectrum of corporate matters, such as M&A and joint ventures, while recently promoted partner Lígia Padovani is also recommended for corporate restructurings, strategic M&A and private equity investments. Fernando Silveira Carvalho joined from TozziniFreire Advogados in April 2024.

Practice head(s):

Luiz Octavio Lopes


Lefosse is one of the leading law firms in Brazil. It has unique experience in M&A and the financial sector. We have used Lefosse in critical transactions. They have high technical expertise and an excellent track record. Great negotiation skills and full availability of senior members of the team.

Luiz Octávio Lopes and Carlos Mello are some of the best M&A legal advisers in the market, in my opinion. They have above average technical quality and unique expertise in negotiating difficult matters, in addition to one of the best track records in transactions in the market. Luiz Octávio perfectly combines legal expertise with business aspects.

We have been working with Lefosse for many years. They understand our demands, they know our governance and control group well. They are business oriented, they understand our day-to-day reality.

Carlos Mello is an excellent professional. He is extremely proactive and has a sense of urgency. Renata Cardoso, André Ziccardi and Joao Paulo Pizarro also serve us with excellence.

‘The firm’s most prominent partner is Luiz Otávio Lopes. His market experience, good relationship with the various stakeholders (including banks and other law firms) and his broad legal vision are relevant differentials.

Key clients

Notredame Intermédica


Gol Linhas Aéreas



Credit Suisse

Magazine Luiza

Emergent Cold Latam





Work highlights

  • Assisted NotreDame in its merger with Hapvida.
  • Advised GOL Linhas Aéreas Inteligentes in connection with the investment agreement with American Airlines (AA) for the expansion of GOL’s commercial cooperation with the US airline and a $200m equity investment by AA in 22.2m newly issued preferred shares of GOL (through a capital increase) for a 5.2% participation in GOL’s economic interest.
  • Advised J&F Mineração on the $150m acquisition of Mineração Corumbaense Reunida, International Iron Company and Transbarge Navegación.

Stocche Forbes Advogados

Rated for the ‘depth and capability of the team at all levels, from partners to associates’, Stocche Forbes Advogados acts on behalf of acquirers, sellers and investors, and excels in big-ticket transactions. The team is skilled in both domestic and international matters, but particularly stands out for its experience in private equity deals, public M&A, and transactions involving regulated sectors (with a special emphasis on energy). André Mestriner Stocche – the go-to partner for several major private equity firms and their portfolio companies – frequently acts for shareholders and managers in proceedings before the Brazilian Securities Exchange Commission (CVM). He jointly leads the practice with Flavio Meyer, who brings together expertise in M&A, equity and debt securities offerings, and Fabiano Milani, who works on buy and sell-side transactions involving Latin American jurisdictions. Igor Finzi is retained by private and publicly-held companies, funds and financial institutions; Luciana Stracieri focuses on private equity and real estate-related deals; and Alessandra Zequi is particularly noted for her track record in M&A involving listed companies. Rafael Andrade, Bruno Bercito, Emilio Gallucci and Teo Silva Galvão (the latter being especially active in the energy, oil and gas, real estate, telecoms and infrastructure sectors), are also part of the core corporate and M&A team. Based in Rio de Janeiro, Pietro Bianchi specialises in matters concerning regulated assets, including mining, while Matheus Campos is the M&A practitioner to note in Belo Horizonte.

Practice head(s):

André Mestriner Stocche; Flavio Meyer; Fabiano Milani


Extremely flexible team, always seeking the best service in view of the specificities of each matter. Partners are extremely involved in negotiations and easily accessible. Great legal quality in the documents and good value for money.

Matheus Campos is recommended.

The team is committed to the client, meets deadlines and has expertise in the telecoms market.

Rafael Andrade, Luciana Stracieri, and André Stocche are recommended for their commitment and technical skills.

Depth and capability of the team at all levels, from partners to associates.

The partners at Stocche Forbes are very involved in the contractual negotiations. They were able to adapt to the scenario. They were able to design a suitable due diligence model.

Luciana Stracieri and Matheus Campos possess negotiation skills and technical knowledge far above average.

Key clients

Pátria Investimentos


L Catterton

Farallon Capital Management





XP Investimentos



Vibra Energia



DNA Capital

Grupo Ultra

Omega Energia




Work highlights

  • Advised Votorantim on a corporate reorganisation to consolidate the development of its renewable energy generation business in order to create a leading renewable energy platform in Brazil.
  • Advised Vibra Energia on the acquisition of a 50% stake in Comerc Participações, of which 48.7% will be held by Vibra and the remaining 1.3% by the founding shareholders of Vibra Comercializadora de Energia.
  • Advised a subsidiary of Patria Investments on the acquisition of 100% of the capital shares issued by Contour Global do Brasil Participações, which is active in Brazil’s hydropower sector.

Lobo de Rizzo Advogados

Demonstrating notable strength in the education, energy, food and beverages, financial services, telecoms and technology sectors, Lobo de Rizzo Advogados works with a broad spectrum of industry leaders in a variety of big-ticket domestic and cross-border transactions, including M&A, private equity investments and joint ventures. Founding partner José Orlando Arrochela Lobo undertakes transactional and contentious work in this space, with a particular focus on strategic M&A, joint ventures and corporate disputes. Fellow founder Valdo Cestari De Rizzo possesses over three decades’ experience in domestic and multijurisdictional deals. Brazilian, North American and European companies regularly seek Rodrigo Millar De Castro Guerra’s assistance in high-end transactions, while Paula Magalhães stands out for her expertise of corporate and regulatory issues concerning listed companies. Also noteworthy, Otávio Lucas Solano Valério is a key contact for food and beverages clients. Ana Paula Miguel and Guilherme Henke Menegassi focus on M&A and corporate restructurings; and José Eduardo Marretti is especially active in deals involving the construction, infrastructure and education spheres.

Practice head(s):

Ana Paula Miguel; Guilherme Henke Menegassi; In Hee Cho; José Eduardo Marretti; José Orlando Arrochela Lobo; Marco La Rosa de Almeida; Otávio Lucas Solano Valério; Marcelo Droghetti; Paula Magalhães; Regina Gasulla Bouza; Rodrigo Delboni Teixeira; Rodrigo Millar de Castro Guerra; Valdo Cestari de Rizzo


Collaboration and efficiency.

Rodrigo Guerra and Marcelo Droghetti stand out.

Key clients


Arco Educação

Afya Participações

Méthodos Laboratório


AZTEC Fundo de Investimento em Participações Multiestratégia

Zamp (Burger King)


Advent do Brasil

Crescera Growth Capital

Vinci Partners


Starnet Telecomunicações



Via Varejo


International Meal Company (IMC)


Work highlights

  • Assisted Advent do Brasil, through its subsidiary AZTEC Fundo de Investimento em Participações Multiestratégia, with the negotiation and execution of an investment agreement and other covenants related to the subscription of shares representing 25% of Tigre Participações’ share capital.
  • Advised Zamp on a tender offer made by Mubadala Fund to acquire control of Zamp.
  • Assisted Afya with the acquisition of Sociedade Educacional e Cultural Sergipe Del Rey for R$825m.

Tauil & Chequer Advogados

Infrastructure and energy companies are at the core of Tauil & Chequer Advogados’ client base, which retains the ‘highly qualified team’ on a host of transactions, ranging from mergers to corporate restructurings and spin-offs. Boasting an extensive, cross-border M&A platform through its association with Mayer Brown, the firm is also well placed to act for boards of directors, private equity funds, investment banks and pension funds on all aspects of corporate law and M&A deals. The department is under the joint leadership of a capable trio: Carlos Motta, who assists publicly-held companies, financial advisors and multinationals with M&A, private equity and compliance matters; Victor Galante, in the Rio de Janeiro office, is a name to note for oil and gas, mining and infrastructure clients; and Alexandre Chequer, who is especially active in energy-related deals. The ‘excellentDaniel Gunzburger focuses on domestic and cross-border M&A involving players from the infrastructure, chemicals, and agribusiness sectors, while Bruno Salzano is noted for his knowledge of the power sector. Guilherme Tranquillini, whose ‘excellent argumentation capacity’ is rated by clients, is a seasoned public M&A practitioner. The group was boosted by the arrival of Christian Roschmann from Lefosse Advogados in April 2022; he brings a wealth of experience in cross-border M&A and private equity deals. Luciana Sodrée was raised to the partnership in Jan 2023.

Practice head(s):

Carlos Motta; Victor Galante; Alexandre Chequer


The firm stands out for its highly qualified team in relation to the M&A market and the particularities of each client, availability of lawyers, quality of services provided and agility in responding to client demands. The professionals we work with always bring innovative and personalised solutions to each matter.

One of the reasons why we work with Tauil & Chequer is the availability of lawyers, especially the partners. The partners get involved and act in an active way. The firm has great professionals, who are always able to assist us in the most varied matters.

Daniel Gunzburger is an excellent lawyer, who knows the market in which we operate, knows the client, and advises us with exceptional quality. On a daily basis, Daniel communicates clearly and transparently. His response time is very good, and always in line with our expectations.

An excellent technical knowledge added to a unique work posture make Tauil’s team unique in the market. They showed great skill not only on the legal fronts of due diligence processes and M&A contracts, but also a good knowledge of complementary areas, such as finance. In addition to technique, the team has great communication and rhetoric skills, essential in business processes. They are always proactive and willing to help on several fronts.

Guilherme Tranquilini closely coordinated all the due diligence work and contractual drafting carried out. He demonstrated legal knowledge above his peers on the other side of the negotiation table. He has an excellent argumentation capacity, in addition to solid financial knowledge.

The firm’s professionalism, preparation, attention, flexibility, immediate response capacity, posture, resilience, dedication, concern with details and relevant points of the project set it apart.

Victor Galante and Luciana Sodré have always worked with the utmost dedication, always having in mind the achievement of our goals.

Key clients

Banco Nacional de Desenvolvimento Econômico e Social (BNDES)

Aegea Saneamento e Participações


CNOOC Petroleum do Brasil


Nestlé Brasil


CNOOC Petroleum Brasil

Pepsico do Brasil

Mitsui & Co

Work highlights

  • Engaged by BNDES in regard to structuring the privatisation of Eletrobras.
  • Advised ArcelorMittal on the acquisition of Companhia Siderúrgica do Pecém (CSP), a joint venture between Vale and South Korean steel groups Dongkuk and POSCO.
  • Currently assisting AEGEA with the privatisation process of Companhia Riograndense de Saneamento, a mixed-capital company of the State of Rio Grande do Sul responsible for providing water and sewage services for Municipalities.

TozziniFreire Advogados

The ‘excellent full-service firmTozziniFreire Advogados offers support to a mix of top-notch financial institutions and corporate clients from the worlds of energy, telecoms, healthcare, retail and technology, in some of their most significant deals in the Brazilian market. The group continues to attract a big volume of private equity deals and is also engaged in a number of transactions related to the purchase and sale of start-ups by larger companies, funds and alternative sponsors. Marcela Waksman Ejnisman marries in-depth knowledge of technology and data protection matters with extensive experience in M&A. Oswaldo Dalla Torre has a strong international background, and focuses on contracts and international agreements. Other key individuals include: Silvia Castro Cunha Zono, a key contact for agribusiness clients; Beatriz Seixas, who specialises in M&A and private equity; and Victor Frias Françoso. Fernando Silveira Carvalho left the firm in April 2024, while former co-head João Busin left the firm in May 2024.

Practice head(s):

Marcela Waksman Ejnisman


Excellent full-service firm with which we work on several matters, including all our M&A deals. The great differential is the excellence in the service offered.’

Key clients

SBA Torres

Centurylink Comunicações

Yokohama Rubber

Matrix Energy Participações

TPB Acquisition



Adeoti (Shopping JK)

Worc Technologies

Makrosystems Tecnologia de Informação Ltda. and Makrotrust Tecnologia de Informação

GEF Capital

Matera Systems Informática

Europ Assistance

Proquimil Produtos Químicos


Síntese B2B


MSW Capital


FEMSA Servicios


Banco Next

Banco Bradesco

Grupo Notre Dame Intermédica

BNP Paribas

Work highlights

  • Advised SBA Torres Brasil on the acquisition of 100% of the quotas held by GTS SAT and GTS Luxco in the corporate capital of São Paulo BTS Locação de Torres and São Paulo Locação de Torres.
  • Provided Brazilian law advice to Yokohama Rubber in relation to the global acquisition of the entire wheel-systems business of Sweden-listed Trelleborg.
  • Assisted TPB Acquisition Corporation I with its merger with Lavoro Agro.

Trench Rossi Watanabe

Trench Rossi Watanabe fields a ‘competent and dedicated team’ of ‘excellent negotiators’, which is equipped to handle headline M&A with domestic and cross-border implications. Private and publicly listed companies regularly turn to the group for assistance with acquisitions, corporate reorganisations and divestments in a variety of sectors, including agribusiness, education, healthcare, life sciences, insurance, energy and TMT. Relying on a strong international network, the firm possesses foreign desks focused on the European and Asian markets, and a team dedicated to advising Chinese clients on transactions and projects in the energy and infrastructure segments. Anna Mello is often sought out by infrastructure and energy clients in corporate and M&A matters, while Daniel Facó regularly acts for shareholders, financial institutions, and investors in a range of transactional work. The pair co-head the practice with Mauricio Pacheco, who has significant experience in private equity. Evaristo Lucena and Munique Stragliotto Isoppo are also active in corporate law matters and M&A transactions. Paula Alonso left the firm in July 2023.

Practice head(s):

Anna Mello; Daniel Facó; Mauricio Pacheco


It is a very competent and dedicated team. They respond and return quickly, seeking solutions according to the client’s needs and characteristics of the business.

My close contact was with Anna Mello. All lawyers are highly qualified professionals who are knowledgeable in the area of expertise entrusted to them. They have great interpersonal relationships. They are excellent negotiators and interlocutors, which is a very significant differential. Working with all of them is quite simple and straightforward.

The firm has a helpful and qualified team, which is a differential in the legal market.

Key clients


Aegon Transamerica Group

Alisul (Supra)

Amcor / Bemis

Boehringer Ingelheim do Brasil Quím



Crescera Growth Capital

Daimler AG and Mercedes Bens do Brasil


EDP Energias Renováveis



Grupo Bimbo

Grupo SBF

GSK Brasil





Motorola Solutions

MRO Logistics



Petrobras Logistica De Gas

Procter & Gamble

Rhone Capital V


Sembcorp Marine



State Power Investment Corporation (SPIC)


Tencent Holdings

Thoma Bravo

Mongeral Aegon Group

Trouw Nutrition (Nutreco)



Wiz Soluções E Corretagem De Seguros

Work highlights

  • Advised Boehringer Ingelheim on the sale of its raw material manufacturing farm Solanato to Hypera.
  • Assisted Vibra in the acquisition of 50% of the voting shares of ZEG Biogás e Energia.
  • Advised Malaysia’s Petronas Chemicals Group Berhad (PCG) on the acquisition of Swedish specialty chemicals company Perstorp Holding.

Veirano Advogados

Boasting an extensive geographical footprint in Brazil, Veirano Advogados attracts instructions from clients operating in a variety of industries (including energy, technology, telecoms, mining, life sciences and agribusiness), who turn to the team for its ‘excellent support in corporate matters and M&A deals’. With an impressive track record in sophisticated M&A involving publicly-held companies, the group is also well versed in private equity and venture capital investments, asset deals and consolidations. Demonstrating extensive experience in all types of M&A transactions, including buy and sell-side mandates, Augusto Cesar Barbosa De Souza steers the São Paulo-based team in domestic and cross-border share and asset acquisitions and divestments. In the same office, Lior Pinsky acts for funds, companies and state-owned enterprises in corporate and financing deals. Daniel Augusto Malatesta is a name to note for emerging growth companies and investors, while Vanessa Felício is a popular choice for clients from the life sciences, consumer products, IT, and oil and gas sectors. Other noteworthy practitioners in São Paulo include Vitor Rozenthal, who focuses on public M&A and private equity, and Diego Yago Rodrigues. Splitting her time between São Paulo and Rio de Janeiro, managing partner Paula Surerus specialises in matters involving regulated sectors. Also located in Rio, Robson Barreto and Maria Cecilia Vieira are singled out for their deep expertise in the telecoms sector, while Fernando Verzoni heads up the corporate and M&A group in Porto Alegre, where Diego Lerner is also based. The group was strengthened by the arrival of Mauricio Negri Paschoal, Clarissa Yokomizo and Giedre Brajato from Souto Correa Advogados in October 2023.

Practice head(s):

Augusto Cesar Barbosa de Souza; Fernando Verzoni; Lior Pinsky; Paula Surerus


Excellent support in corporate matters and M&A deals, from risk assessment to the formalisation of agreements.

Very thorough and in-depth analysis of potential risks.

Diego Lerner has shown himself to be a very impressive professional in the quality and responsiveness of his advice.

I understand that our relationship with Veirano is constantly evolving and improving. It is a relationship of trust in the people who advise us.

Augusto Souza and Diego Rodrigues are recommended.

Very sharp team available to solve clients’ problems.

Augusto Souza is a very technical and diligent lawyer.

Key clients


TPG Growth

Yara Fertilizantes


Hospital Israelita Albert Einstein


Argo Energia



Work highlights

  • Advised Yara on the acquisition of a 14% stake in Orbia.
  • Assisted Hitachi with the sale of its 40% equity interest in Deere-Hitachi Máquinas de Construção do Brasil to John Deere Brasil.
  • Advised Mills Estruturas e Serviços de Engenharia on the acquisition of 100% of the share capital of TECPAR Comércio e Locação de Equipamentos.

Campos Mello Advogados in cooperation with DLA Piper

With its ability to draw on the resources of its international partnership, Campos Mello Advogados in cooperation with DLA Piper is a popular choice for high-end domestic and cross-border M&A, corporate reorganisations, buy-outs and strategic alliances. The team has undertaken an impressive series of transactions of late, including several M&A and private equity deals across a wide variety of sectors, most notably energy, telecoms and sports. Senior partner Fabiano Gallo is retained by both buyers and sellers, particularly for big-ticket transactions involving the power and infrastructure sectors; in addition to his strong deal-making capabilities, he is also proficient in corporate governance. Gallo jointly oversees the practice with Miriam Machado Kleissl, who maintains a broad practice focused on M&A, contracts and corporate law, and often advises media and advertising clients. Kleissl and Mirella Kaufman, a seasoned practitioner in commercial contracts, joint ventures and venture capital deals, joined from Felsberg Advogados in November 2022. Other names to note for M&A and private equity matters include Carolina Marcondes Sant’Angelo and Renata Amorim. Rafaella Chiachio leads on telecoms-related work, while Oduvaldo Lara Júnior is regularly sought out by private equity funds, corporations and shareholders in relation to investments and corporate governance issues. Norlan Navarro stands out at the senior associate level.

Practice head(s):

Fabiano Gallo; Miriam Machado Kleissl


Fabiano Gallo and Rafaella Chiachio have fantastic technical knowledge, sharing innovative ideas, suggestions and recommendations with the client’s needs in mind.

Key clients


Banco Votorantim

Benevix Administradora de Benefícios

Dori Alimentos



Grupo Boticário

Localiza Rent-a-Car

Martinrea do Brasil






Solar Bebidas / Coca-Cola



Urca Energia

World Courier

You Inc Incorporadora e Participações

Work highlights

  • Advised Eneva on the acquisition of 100% of the thermal power plant CELSE.
  • Assisted MaaS Global OY with the acquisition of 100% of shares issued by Quicko.
  • Advised 777 Partners, a private investment fund based in Miami, on the acquisition of 70% shares of Vasco da Gama football club.

Cascione Pulino Boulos Advogados

Prolific in both strategic M&A and private equity transactions, Cascione Pulino Boulos Advogados ‘has a large team with exceptional technical capacity’, which is a popular choice for public and privately-held companies as well as private equity funds, Brazilian start-ups, and fintechs. In addition to its strong track record in acquisitions, disposals, joint ventures and asset deals, the group also excels in distressed transactions. Eduardo Taleb Boulos, who is well versed in transactions, restructurings and corporate disputes, ‘manages to bring creative solutions to very complex issues in M&A’. Boulos heads up the practice alongside Milana Antoniolli Martins, who often acts for telecoms, energy, mining, financial and infrastructure clients in M&A and corporate governance matters. Luiz Eduardo Malta Corradini is skilled in both traditional M&A deals and private equity. Guilherme Bertolini, who ‘has an excellent technical background’, shines in corporate reorganisations as well as wealth and succession planning; and the ‘excellentBrunno Morette takes the lead on cross-border mandates involving Iberian and Latin American clients. Associate Lucas Markan Vasconcelos is also active in M&A, private equity and venture capital.

Practice head(s):

Eduardo Taleb Boulos; Milana Antoniolli Martins


The firm has great professionals and stands out for its high commitment to clients. Partners participate very actively in contract discussions and, due to their vast M&A and corporate experience, are great dealmakers.

Partner Eduardo Boulos has excellent negotiating skills. He manages to bring creative solutions to very complex issues in M&A. Partner Guilherme Bertolini has an excellent technical background, in addition to having a very analytical profile, which helps to stand out in negotiations of clauses that have a financial impact on the parties.

Very qualified professionals. Level of Excellence in service.

Key clients

IG4 Capital


Neon Pagamentos


Banco Votorantim

Votorantim Asset Management

Comexport Trading

Porto do Açu

Carrefour Group

Instituto Mantenedor de Ensino Superior


Global Environmental Fund

Work highlights

  • Advised Instituto Mantenedor de Ensino Superior (IMES), and its shareholders, on the segregation and sale of its medical school to funds managed by Mubadala Investment Corporation.
  • Advised Corredor Logística e Infraestrutura on the negotiation of a joint venture with Macquarie Capital Partners for a cash-in transaction in CLI.
  • Advised Raízen on the acquisition of Shell’s entire lubricant business in Brazil, including a blending plant and a terminal in the state of Rio de Janeiro.

Pinheiro Guimarães

Roundly praised by clients for its ‘vast knowledge and experience’ in the M&A space, Pinheiro Guimarães handles domestic and multijurisdictional transactions for a diversity of clients, including buyers, sellers, investors and target companies. Best known for its presence in the banking and finance sector, the firm stands out for its experience in M&A deals involving financial industry players, ranging from investment banks to hedge funds. Advising on the structuring and negotiation of private equity investments is another area of strength for the group, which further showcases in-depth knowledge of public M&A and related regulatory issues. ‘Leader and born negotiatorPlinio Pinheiro Guimarães N. is recommended for his experience in domestic and cross-border matters; he heads up the Rio de Janeiro-based team, which also features René Mostardeiro Brunet, a contact for transactions involving financial institutions, listed companies and private equity funds, and the ‘excellentBernardo Bulhões, who is skilled in corporate deals and disputes. The practice in São Paulo is led by Francisco José Pinheiro Guimarães and Marcelo Lamy Rego, the latter of whom possesses an impressive track record in large-cap M&A in a multitude of industries, with a special emphasis on banking, healthcare, energy and consumer goods. In the same office, Rodrigo Marcilio assists private equity funds and major corporations in strategic deals; Maria Amélia Lisbão Senra specialises in M&A, and banking and finance; and Bernardo Romano Teixeira leverages his expertise in securities regulation to advise on complex M&A transactions.

Practice head(s):

Plinio Pinheiro Guimarães N.; Francisco José Pinheiro Guimarães; Marcelo Lamy


Bernardo Bulhões is an excellent lawyer. Commercial sensitivity, technical and theoretical depth from a legal, tax, accounting and finance perspective. Absolute commitment to the client.

Pinheiro Guimarães stands out for its dedication, technical quality, direct involvement of its partners and focus on solving problems. With a diverse team, all partners/lawyers have vast knowledge and experience in the matters.

René Mostardeiro Brunet – vast experience, client care skills and availability. A leader in negotiations.

Lawyers with technical quality superior to the market, with vast experience in the sector and in large deals.

Bernardo Bulhões – lawyer with extensive experience in M&A transactions.

The firm’s M&A team is highly integrated, cohesive, well-trained, quick to respond to questions (without losing quality), with an incomparable commitment to the client.

Plinio Pinheiro Guimarães is a leader and born negotiator, with extensive knowledge and experience in deals both in Brazil and abroad. Navigates between legal and business with ease and fluidity, creating an alliance and a positive relationship with the opposing party.

René Brunet is technically impeccable and very talented in producing documents of exceptional quality. Excellent negotiator. Serene, objective and assertive during the negotiation of agreements.

Key clients

BTG Pactual




GP Investments

Itau Unibanco

Gávea Investimentos

International Finance Corporation (IFC)

Organizações Globo

Brazil Hospitality Group (BHG)

Sendas Distribuidora

Credit Suisse


Principia Capital Partners

Goldman Sachs

EB Capital

DNA Capital


GTIS Partners


Participações Industriais do Nordeste

Cellera Farma

Air Bus / Helibrás

Arla Foods

Wilson Sons

CM Hospitalar / Grupo Viveo


Partners Group

Grupo de Moda Soma

Macquarie Capital


Rede D’Or

Rock World (Rock in Rio)

B3 – Brasil, Bolsa, Balcão

CBSM – Companhia de Soluções de Marketing (Dotz)

CBOE Global Markets

BeeTech Global

Group 1 Automotive

Grupo Alfa

Grupo Matheus

BPS Capital

Associação Comercial de São Paulo

Work highlights

  • Assisted CSN Cimentos with the acquisition of an equity interest representing 100% of the capital stock of LafargeHolcim.
  • Advised Sendas Distribuidoras on the acquisition of Extra Hiper.
  • Acted for Globo in the sale of 100% of the capital stock of Comercial Fonográfica RGE and its affiliates to Sony Music Entertainment Brasil.

Vella Pugliese Buosi e Guidoni Advogados

A host of domestic and international clients turn to Vella Pugliese Buosi e Guidoni Advogados for assistance with big-ticket M&A, most notably in the financial services and private equity spaces. Typical instructions for the ‘team of extremely qualified professionals’ also include business transactions in the retail, healthcare, and media and entertainment sectors. Moreover, its strategic alliance with international firm Dentons and ‘deep understanding of local laws and business practices’ in Brazil make it well placed to handle consequential cross-border matters. The practice is under the leadership of founders Frederico Buosi, who draws on his international background to advise on multijurisdictional investments, mergers, acquisitions, and joint ventures, and Rodrigo Vilardo Vella, the main point of contact for private equity mandates. Co-head of the firm’s compliance practice for the Latin American and Caribbean regions, Denise Chachamovitz Leão de Salles assists clients from the life sciences, financial services, infrastructure, real estate and energy sectors with transactional and corporate law matters. Gabriella Maranesi Najjar focuses on public M&A, while Bruna Gobbi has a strong track record in roll-up acquisitions for large private equity funds. Other key names to note include recently promoted partners Fernanda Le Tassinari and Fernando Henrique Lopes; Anne Chang, who joined from Halabi e Chang Advogados in October 2022 to strengthen the firm’s technology and digital law offering; and counsel Vitor Clark Nunes.

Practice head(s):

Frederico Buosi; Rodrigo Vilardo Vella


The team’s main attributes are the security in recommendations and ability to standardise the contract models used.

Denise Salles is a high-performing and hands-on lawyer who does not measure efforts to excel in terms of client satisfaction. I also was able to witness her excellent coaching skills, always knowing how to balance accountability with her desire to teach and take junior lawyers of her team to a next level.

A team of extremely qualified professionals. There is a great deal of availability to talk to the client.

Experienced, agile, intelligent and transparent. I have been using the firm for many years, always with great confidence and satisfaction with the final result.

Without a doubt, the team is what keeps us coming to the firm. They always value the quality of services. They achieve excellent results.

Anne Chang is an excellent professiona’l. She is always ready to solve all kinds of situations.

They are uniquely pragmatic and commercially oriented, offering a strong introduction to the Brazilian market. Their deep understanding of local laws and business practices sets them apart from other firms.

Frederico Buosi and Bruna Gobbi truly excel in their field, setting them apart from competitors. With their deep knowledge of Brazilian law and strong commercial insight, they provide invaluable strategic guidance, and their understanding of the local market allows them to deliver pragmatic solutions. Their professionalism and commitment to client satisfaction have been exceptional. Working with them has been a pleasure, and their expertise has consistently yielded successful outcomes for our projects.

Key clients


Alvest Equipment Services Group

Aqua Capital


Astella Investimentos

Banco Santander

Banco Votorantim

Baraúna Gestora de Recursos

Biomedical Distribution Mercosur

Bring Solutions

Canopy Growth Brasil Biomedical


FAM Mining Brasil

GMD – A Agência Gamer

Grupo Pão de Açúcar

HD1 Podcasts


Hon Hai Technology Group

Line Express Transportes e Distribuição

Notredame Intermédica / Bain Capital


Oriba Confecção e Comércio

Work highlights

  • Advising Patria Investimentos (affiliated to the Blackstone Group) on several cross-border M&A transactions.
  • Assisted HMC with the structuring of the acquisition of minority participation in Gama Investimentos.
  • Advising Banco Votorantim on a transaction that consisted of the conversion of a loan carried out by BV to S3 and acquisition of the remaining shares issued by S3.