Firm Profile > Madrona Advogados > Sao Paulo, Brazil

Madrona Advogados
SAO PAULO, CEP 01451 000

Capital markets Tier 4

Madrona Advogados has a multidisciplinary capital markets team, whose lawyers have strong experience in key disciplines and industries, such as regulatory, real estate and infrastructure. Clients include a mix of issuers, underwriters and investors, and the firm is regularly involved in debentures issuances and the securitisation of receivables. Marcelo Cosac regularly represents banks and investment funds, while Nair Veras Saldanha typically represents issuers, including several state-owned companies, on transactional and regulatory issues. Leonardo Di Cola has a strong following in the investment fund community and is also experienced in securities litigation.

Practice head(s):

Marcelo Cosac; Nair Veras Saldanha; Leonardo Di Cola

Key clients

Valora Gestão de Investimentos

Jive Investments Consultoria

Banco de Investimento Credit Suisse (Brasil)

Helbor Empreendimentos

Optipar Participações

Banco Itaú BBA

M8 Partners

Casa de Pedra Securitizadora de Crédito

Habitasec Securitizadora

Aguassanta Participações

Nova Milano Investimentos

Nex Group Participações

Orbi Química

Agro Pratinha Indústria, Comércio, Importação e Exportação

Construtora São José Desenvolvimento Imobiliário

Mauá Capial

Hapvida Participações e Investimentos


Banco Bradesco BBI

BR Partners Banco de Investimento

Tecsoil Automação e Sistemas

JSL group

Spectra Investimentos

Anga Asset Management

Real estate Tier 4

Real estate developers and investment funds regularly turn to the team at Madrona Advogados for advice on residential, commercial and retail acquisitions and developments. This includes a variety of services, such as advice on sale and leaseback transactions, corporate joint ventures and fundraisings. Lead partner Eduardo Tristão has established a strong reputation, and also has expertise in rural acquisitions and sales.

Practice head(s):

Eduardo Tristão


‘Eduardo Tristão is a unique figure. A loyal, clear, and objective person who takes care of matters with a business-oriented look. He is well prepared and has a lot of tact in the treatment of different people.’

I strongly recommend the services provided by Giovana Malta, Felipe Lobo and Eduardo Tristão. Always very attentive and committed, they provide excellent service, seeking to meet the deadlines presented by us.’

Madrona has great expertise in Real Estate Law due to the excellent leadership of partner Eduardo Tristão, who conducts the works with extreme technique without neglecting simplicity when discussing the most diverse subjects. I would highlight Eduardo Tristão, Felipe Lobo and Laura Saadia.’

Key clients

RBR Asset Management

GLP Properties

RB Capital

Rio Bravo Investimentos

Cury Incorporadora

BENX Incorporadora

BTG Pactual

AGTI Empreendimentos

UV Gestora de Ativos Financeiros

Mercado Livre


Corporate and M&A Tier 5

Madrona Advogados maintains a busy and buoyant corporate and M&A practice, which is regularly sought by its clients for representation on the buyer and seller side of relevant domestic and cross-border transactions. Recently, this has included a number of acquisitions in the healthcare, agribusiness and technology sectors, though its broad expertise also extends beyond these sectors. In addition to their corporate and M&A practices, Milena Coimbra Mazzini and Nair Veras Saldanha also chair the firm's diversity committee, which aims to transform the firm's practices to reduce social inequality regarding gender, age, disabilities and race into policies and actions. Pro bono is another relevant component of the firm's work; for example, corporate and M&A partner José Luis Camargo and labour law expert Priscilla Caldeira Carbone have provided assistance to Associação Maria Helen Drexel, a non-profit that helps children and adolescents whose rights have been threatened or violated. Other key contacts in the corporate department include Ricardo Madrona, Luciana Renouard and Danilo Mininel. The department was strengthened further in August 2021 with the arrival of Luciana Felisbino from Martinelli Advogados.

Practice head(s):

Ricardo Madrona; José Luis Camargo; Milena Coimbra Mazzini; Danilo Mininel; Nair Saldanha; Luciana Renouard


Office with specialized services. Not yet large, but with comparable quality.’

Ricardo Madrona is excellent.’

Key clients

Merck Sharp & Dohme Farmacêutica



CI&T Software





Nazca Needish


Public law Tier 5

Acting for clients across a variety of sectors, such as sanitation, social infrastructure, transport, healthcare and logistics, Madrona Advogados‘ service offering covers public law, infrastructure and regulatory matters. São Paulo-based partner Rosane Menezes Lohbauer, who has a solid background in M&A transactions, is predominantly engaged in the structuring of infrastructure projects through concessions and PPPs. Also in São Paulo, Rodrigo Machado is retained by companies operating in regulated sectors, namely power and natural gas, while Rodolfo Tamanaha is the name to note in Brasília for administrative proceedings and litigation before the superior courts.

Practice head(s):

Rosane Menezes Lohbauer; Rodrigo Machado; Rodolfo Tamanaha


‘I think Madrona Advogados is one of the main Public Law firms in Brazil, with great specialisation in the area of ​​infrastructure projects, especially in the modalities related to privatisation, Public-Private Partnerships and concessions. Armed with a very senior and qualified team, any serious player in the sector that wants to participate in infrastructure projects in Brazil should get to know and talk to Madrona Advogados.’

‘Rosane Menezes Lohbauer is certainly one of the main references in the country and abroad in the legal modeling of PPPs and concessions. Extremely committed, qualified and focused, she is an example to be followed internally in her office and externally by lawyers who want to work in the field of Public Law, especially in infrastructure projects.’

Key clients

IDB – Inter-American Development Bank

Vinci Partners


IFC – International Finance Corporation

RB Capital Asset Management

Lemam Construções e Comércio

Monte Partners

Conasa Infraestrutura


Parquetur Participações

Promoting an ethical environment in business and investing in training people are two of the great challenges of our time. With ever more advanced technologies, an increasingly integrated world requires that any organization stand for transparency, tolerance for diversity, and respect for differences, companies, and people. Madrona Advogados was launched with this spirit.

With a focus on corporate law, mergers and acquisitions, capital markets, financial law, and infrastructure, in addition to a strong performance in tax, real estate, civil litigation, and labor law, our motivation is to understand our time, invest in people, and work so that our clients reach their goals, always with ethics and responsibility.

With a team of more than 90 legal professionals with vast experience and also recommended by several national and international publications, the members of Madrona Advogados are aligned with the principles and objectives that we set out to achieve. We want to be among the most admired firms and seek to be a reference to our peers, associates, and employees. Our greatest challenge is to grow sustainably, focusing on our team’s high technical quality and ethical standards – providing our clients with excellent service is the outcome.

Department Name Email Telephone
Mergers & Acquisitions, Corporate Law, Contracts, Mediation & Arbitration, Succession & Estate Planning Ricardo Madrona
Mergers & Acquisitions, Corporate Law, Contracts, Real Estate, Agribusiness, Corporate Governance, Succession & Estate Planning José Luis Camargo Jr
Tax Consulting (Direct & Indirect Taxes), Tax Planning, International Taxation, Judicial & Administrative Tax Litigation Juliano Rotoli Okawa
Tax Consulting (Direct & Indirect Taxes), Tax Planning, International Taxation, Judicial & Administrative Tax Litigation, Succession and Estate Planning Igor Nascimento de Souza
Infrastructure, Regulatory & Public Law, Energy, Project Finance, Environmental Law Rosane Menezes Lohbauer
Banking & Finance, Capital Markets, Securitization Marcelo Cosac Said
Mergers & Acquisitions, Corporate Law, Contracts, Compliance, Corporate Governance, Succession & Estate Planning Milena Coimbra Mazzini
Mergers & Acquisitions, Corporate Law, Contracts, Competition & Antitrust, Corporate Governance, Succession & Estate Planning Danilo Mininel
Civil Litigation, Mediation & Arbitration, Credit Recovery, Bankruptcy & Reorganization, Succession & Estate Planning João Carlos Toledo
Banking and Financial Law. Capital Market, Investment Funds, Asset Management, Fintechs Leonardo Di Cola Nunes
Real Estate Eduardo Tristão
Capital Market, Mergers & Acquisitions, Corporate Governance Nair Veras Saldanha
Mergers & Acquisitions, Corporate Law, Contracts, Intellectual Property, Succession & Estate Planning Luciana Renouard
Labour Priscilla Carbone
Infrastructure, Regulatory & Public Law, Energy, Project Finance Rodrigo Machado
Civil Litigation, Mediation & Arbitration, Credit Recovery, Bankruptcy & Reorganization Luciano Velasque Rocha
Judicial and Administrative Tax Litigation, Direct Tax Consulting • International Taxation • Intellectual Rights, Technology and Internet • Infrastructure, Regulatory and Public Law, Governmental and Institutional Relations Rodolfo Tamanaha
Mergers & Acquisitions, Private Equity, Corporate Law, Contracts, Corporate Governance Luciana Felisbino
Competition & Antitrust Luis Nagalli
Arbitration, Mediation & Dispute Boards, Litigation, Construction and Infrastructure, Construction and Infrastructure, Reorganization, Bankruptcy & Credit Recovery (Asset Tracing) Fábio Alem
Tax Consulting (Direct & Indirect Taxes), Tax Planning, International Taxation, Judicial & Administrative Tax Litigation, Succession and Estate Planning Marcelo Vicentini
Judicial and Administrative Tax Litigation, Consulting on Indirect Taxes, Foreign Trade and Customs Taxation, Arbitration José Eduardo Tellini Toledo
Photo Name Position Profile
 Fábio Alem  photo Fábio Alem Partner
 José Luis Camargo Jr.  photo José Luis Camargo Jr. Founding partner
 Priscilla Caldeira Carbone photo Priscilla Caldeira Carbone Partner
 Milena Coimbra  photo Milena Coimbra Founding partner
 Marcelo Cosac Said  photo Marcelo Cosac Said
 Leonardo Di Cola Nunes  photo Leonardo Di Cola Nunes Partner
 Luciana Felisbino photo Luciana Felisbino Partner
 Marcelo Fonseca Vicentini  photo Marcelo Fonseca Vicentini Partner
 Rosane Menezes Lohbauer photo Rosane Menezes Lohbauer Founding partner
 Rodrigo Machado  photo Rodrigo Machado Partner
 Ricardo Madrona photo Ricardo Madrona Founding partner  
 Danilo Mininel photo Danilo Mininel Founding partner
 Luís Nagalli  photo Luís Nagalli Partner
 Igor Nascimento de Souza  photo Igor Nascimento de Souza Partner
 Luciana Renouard photo Luciana Renouard Partner
 Juliano Rotoli Okawa  photo Juliano Rotoli Okawa Founding partner
 Nair Veras Saldanha photo Nair Veras Saldanha Partner
 Rodolfo Tamanaha photo Rodolfo Tamanaha Partner
 José Eduardo Tellini Toledo  photo José Eduardo Tellini Toledo Partner
 João Carlos Toledo  photo João Carlos Toledo Partner
 Eduardo Tristão  photo Eduardo Tristão Partner
 Luciano Velasque Rocha  photo Luciano Velasque Rocha Partner