Madrona Fialho Advogados > Sao Paulo, Brazil > Firm Profile

Madrona Fialho Advogados
SAO PAULO, CEP 01451 000

Brazil > Capital markets Tier 3

Madrona Fialho Advogados has an ‘excellent team‘, whose partners are ‘involved from the beginning to the end of the day‘. The practice represents a mix of issuers, underwriters and investors and has good expertise in real estate and agribusiness debentures. The firm is particularly active on the asset management side, where it represents several funds and family offices, including providing advice on fund launches and IPOs. Key partners include Marcelo Cosac and Luis Bellini who ‘form a motivated team with a unique support network’. Leonardo Di Cola and Nair Veras Saldanha bring good regulatory and corporate experience to the table, respectively.

Practice head(s):

Marcelo Cosac; Leonardo Di Cola; Nair Saldanha; Luis Bellini


‘Excellent team to work with. Partners are involved from the beginning to the end of the day. They are fully available, have goodwill, are hands on and contribute a lot in the negotiation of clauses. Super market price and impeccable work.’

‘Madrona has a very unique way of supporting clients, with a combination of expertise in several areas of law that leads to a better, more practical and value-adding result.’

‘I believe that Marcelo Cosac and Luis Bellini form a motivated team with a unique support network. This makes it easier to add value to non-legal support aspects, and when essential, in business and fundraisings. In other words, highly technical and pro-business.’

Key clients

Valora Gestão de Investimentos

Banco Itaú BBA

Banco de Investimento Credit Suisse (Brasil)

Banco de Desenvolvimento de Minas Gerais

Inter-American Development Bank



RB Capital

Jive Investments



Inter Construtora e Incorporadora

CTC – Centro Canavieira de Tecnologia

USJ – Usina São João

Adecoagro Vale do Ivinhema


LPS Construtora e Incorporadora

Alupar Investimento


Work highlights

  • Advised RB Capital Asset Management, as fund manager, in a multimillion BRL public offering issued by RB Capital Credit Alpha Strategy I Fundo De Investimento Em Direitos Creditórios.
  • Advised Valora Gestão de Investimentos, as fund manager, in the incorporation and R$100m IPO of shares in Valora CRA Fundo de Investimento nas Cadeias Produtivas Agroindustriais – Fiagro–Imobiliário.
  • Acted as counsel to RedAsset Gestão de Recursos, as the fund’s investment manager, in the R$400m public offering of senior shares issued by Red Receivables Fund – FIDC.

Brazil > Corporate and M&A Tier 4

Madrona Fialho Advogados fields a team of ‘highly qualified professionals‘, ‘with extensive experience in corporate and M&A‘. Rated for their ‘knowledge, experience, dedication and commitment‘, the firm’s practitioners attract buy and sell-side instructions in relation to a range of domestic and cross-border transactions across the healthcare, agribusiness and technology sectors, among others. Ricardo Madrona undertakes the full array of corporate and M&A work, including corporate restructuring, joint ventures and arbitration, while José Luis Camargo Jr. is best known for his strength in mergers and acquisitions in the infrastructure and private equity spaces. Milena Coimbra Mazzini is widely recommended for her ‘deep knowledge of corporate law and great negotiating skills‘; she is seasoned in succession planning, commercial transactions and contractual issues. Danilo Mininel is extremely active in the practice, where he handles a steady flow of transactional and contractual mandates. Technology, entertainment and advertising clients regularly turn to Luciana Renouard for advice on M&A. Luciana Felisbino, who stands out for her experience in asset and equity deals, joined from Machado Associados in September 2021, while Roberto Pary, who has more than 20 years of experience in the market, arrived in September 2022 from Marcelo Tostes Advogados.

Practice head(s):

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


‘High quality advice related to contracts and M&A transactions. Resilient and available team.’

‘Milena was the team leader and helped us a lot. We were very reassured by her abilities and leadership skills. Ricardo Madrona also played a key role in the project.’

‘The firm has highly qualified professionals, with extensive experience in corporate and M&A, providing a differentiated service to clients. I highlight the work, knowledge, experience, dedication and commitment of lawyers.’

‘Milena Mazzini is a professional and partner of exceptional quality, who is committed to results, has a deep knowledge of corporate law and great negotiating skills. One of the best lawyers I had the opportunity to work with.’

Key clients

Acesso Soluções


Banco BTG Pactual

Bio Rural Comércio E Representações

Boa Vista Comércio De Produtos Agropecuários


Capital Tech II – Fundo de Investimento em Participações Multiestratégia.

CM Hospitalar

Compasso Tecnologia

CVI – Companhia Vontobel de Investimentos

EB Capital

El Tejar


Escale Tecnologia E Marketing

European Energy

First Orion

Group UOL

Hapvida Group

Heinz Brasil

Hospital Leforte

Instituto Hermes Pardini

Jas do Brasil Agenciamento Logístico


Marcelo Magalhães Diagnósticos

Mogidonto Planos Odontológicos e Boutique Dental


Pearson Education do Brasil

Perfetto Alimentos

QuiteJá, Seller

RB Capital

Terra Nova Comércio, Representações E Assistência Técnica Agrícola

Ultra Som Serviços Médicos


Vetta Química Importação E Exportação

Wirecard Brazil

Work highlights

  • Assisted Hapvida Group in its merger with Notre Dame Intermédica.
  • Advised Kraft Heinz on the acquisition of Brazilian food company Hemmer.
  • Advised Pearson do Brasil on the sale of the operations related to its teaching systems COC and Dom Bosco to buyer Arco Educação.

Brazil > Real estate Tier 4

Madrona Fialho Advogados brings a ‘sense of urgency and ownership‘ to its work, coupled with an ‘excellent team of technical experts who don’t lose focus on the business‘. Real estate developers and investment funds frequently instruct the practice on a range of matters, including commercial, retail and residential acquisitions and developments. Its broader expertise in corporate joint ventures, financings and lease agreements adds further weight to its offering. Lead partner Eduardo Tristão is ‘tireless in the search for a safe and practical solution‘.

Practice head(s):

Eduardo Tristão


‘Experience in the real estate market; sense of urgency and ownership; ability to mitigate risks.’

‘The technical quality and negotiation skills of Eduardo Tristão who manages to apply solutions to the business in a very efficient and safe way.’

‘Excellent team of technical experts who don’t lose focus on the business; Close service, commitment to what is sensitive to the client, this gives a lot of security and comes back to the client as a tangible return.’

‘Eduardo Tristão – team leader, a lot of experience in different real estate business formats, tireless in the search for a safe, practical and aggregating solution. Isabela Pinheiro – always available, attentive, competent, shows full alignment with the Madrona team profile, valuing teamwork with great ability to compose solutions with the parties involved. Felipe Lobo – shows confidence in mapping and proposing solutions for all interfaces and risks of the business in question. Competent and considerate.’

‘The Real Estate team, led by partner Eduardo Tristão, is extremely specialised and capable of bringing appropriate solutions to the challenges faced. Madrona’s structure is improving every day, with new areas to serve the most diverse clients.’

‘I highlight the work of Eduardo Tristão, Felipe Lobo and Laura Saadia. They are able to respond quickly and meet the established deadlines. The work presented is of excellent quality with critical thinking and feasible suggestions.’

Key clients

RBR Asset Management

GLP Properties

Rio Bravo Investimentos

BTG Pactual

FL2 Partners Consultoria

BENX Incorporadora

Carbonext consultoria

Mogno Capital Investimentos


Work highlights

  • Advised Planner on the R$500m purchase of four properties located in Praia do Forte for a residential real estate development.
  • Advised Rio Bravo on the R$120m purchase, by way of an investment fund, of 17 autonomous units in the JK Financial Center Building in São Paulo.
  • Advised RBR Asset Management on the lease of a major logistical warehouse in the city of Hortolândia to Americanas Marketplace.

Brazil > Public law Tier 5

Madrona Fialho Advogados is noted for providing a ‘quick, dynamic and efficient response in structuring concessions and PPP projects’. Typical mandates range from advising clients on public auctions to representing them in administrative proceedings and public law disputes. Rosane Menezes Lohbauer, who has a strong background in M&A, leads on work pertaining to the modelling of infrastructure projects as concessions and PPPs in the healthcare, sanitation and transport sectors. Showcasing in-depth knowledge of public auctions and regulatory agencies, senior associate Fernando Gallacci advises on disruptive partnerships between state authorities and private companies.

Practice head(s):

Rosane Menezes Lohbauer


‘Quick, dynamic and efficient response in structuring concessions and PPP projects.’

‘Good leadership by Rosane Menezes and technical coordination by Fernando Gallacci.’

‘I believe that the firm has skills that complement each other in the different areas it operates in, which keeps the team updated on existing issues across different markets and allows for exchanges between teams.’

‘Rosane is very committed to the results.’

Key clients

Mce Intermediações e Negócios

Permian Global Research Limited

ISA CTEEP – Companhia de Transmissão de Energia Paulista

Vision Brazil Gestão de Investimentos e Participações

CONASA Infraestrutura

Concessionária SPMar (Grupo Bertin)

Banco Nacional de Desenvolvimento Econômico e Social – BNDES

AFD (Agência Francesa de Desenvolvimento)

Parquetur Participações

Benvenuto Engenharia

Work highlights

  • Assists Mce Intermediações e Negócios regarding a request for a proposal promoted by the state government of São Paulo, aiming at modelling a concession for granting local lottery services.
  • Advised ISA CTEEP on its participation in the privatisation procedure of CEEE-T (Companhia Estadual de Transmissão de Energia Elétrica).
  • Assisted CS Brasil in the bidding procedure involving CPT’s train lines 8 and 9 in the metropolitan area of São Paulo.

Brazil > Competition and antitrust

Under the leadership of Luís Nagalli  , who joined from Advocacia Del Chiaro in August 2021, Madrona Fialho Advogados‘ competition team acts for companies in a broad range of sectors, including education and healthcare, in CADE investigations and merger control.

Energy and natural resources > Electricity (and renewable energy)

Madrona Fialho Advogados' power group assists clients with regulatory, litigation, contractual and transactional matters; Rodrigo Machado, who specialises in regulated sectors, is the main point of contact for electricity clients.

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 highly technical quality and ethical standards – ensuring we provide our clients with excellent service.

Mergers & Acquisitions, Corporate Law, Contracts, Mediation & Arbitration, Succession & Estate Planning Ricardo
Mergers & Acquisitions, Corporate Law, Contracts, Real Estate, Agribusiness, Corporate Governance, Succession & Estate Planning José Luis Camargo
Tax Consulting (Direct & Indirect Taxes), Tax Planning, International Taxation, Judicial & Administrative Tax Litigation Juliano Rotoli
Tax Consulting (Direct & Indirect Taxes), Tax Planning, International Taxation, Judicial & Administrative Tax Litigation, Succession and Estate Planning Igor Nascimento de
Infrastructure, Regulatory & Public Law, Energy, Project Finance, Environmental Law Rosane Menezes
Banking & Finance, Capital Markets, Securitization Marcelo Cosac
Mergers & Acquisitions, Corporate Law, Contracts, Compliance, Corporate Governance, Succession & Estate Planning Milena Coimbra
Mergers & Acquisitions, Corporate Law, Contracts, Competition & Antitrust, Corporate Governance, Succession & Estate Planning Danilo
Civil Litigation, Mediation & Arbitration, Credit Recovery, Bankruptcy & Reorganization, Succession & Estate Planning João Carlos
Banking and Financial Law. Capital Market, Investment Funds, Asset Management, Fintechs Leonardo Di Cola
Real Estate Eduardo Tristã
Capital Market, Mergers & Acquisitions, Corporate Governance Nair Veras
Mergers & Acquisitions, Corporate Law, Contracts, Intellectual Property, Succession & Estate Planning Luciana
Labour Priscilla
Infrastructure, Regulatory & Public Law, Energy, Project Finance Rodrigo
Civil Litigation, Mediation & Arbitration, Credit Recovery, Bankruptcy & Reorganization Luciano Velasque
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
Mergers & Acquisitions, Private Equity, Corporate Law, Contracts, Corporate Governance Luciana
Competition & Antitrust Luis
Arbitration, Mediation & Dispute Boards, Litigation, Construction and Infrastructure, Construction and Infrastructure, Reorganization, Bankruptcy & Credit Recovery (Asset Tracing) Fábio
Tax Consulting (Direct & Indirect Taxes), Tax Planning, International Taxation, Judicial & Administrative Tax Litigation, Succession and Estate Planning Marcelo
Judicial and Administrative Tax Litigation, Consulting on Indirect Taxes, Foreign Trade and Customs Taxation, Arbitration José Eduardo Tellini