Mattos Filho in the media

Mattos Filho has advised Japan-owned Sompo Seguros on its acquisition of Brazilian insurer Fator Seguradora from Banco Fator.

Brazilian sugar and ethanol group Raízen has secured court approval of its multibillion-dollar extrajudicial restructuring after winning the support of more than 81% of creditors holding claims worth almost US$13 billion.

Mattos Filho has advised Brazilian insurance and healthcare benefits company Qualicorp on its acquisition of the remaining minority stakes in counterparts Plural and Oxcorp.
Latin Lawyer understands that BMA Advogados advised the minority shareholders, but could not confirm this before publication.
The transaction closed on 2 July for a confidential amount.
The buyer acquired all of the equity interests held by the minority shareholders of Plural and Oxcorp and now owns, directly and indirectly, 100% of the share capital of both companies.

Click here to access the deal published by Latin Lawyer.

Santander’s move to acquire the roughly 10% stake in its Brazilian subsidiary that it does not already own is the latest sign that foreign multinationals are rethinking the value of keeping their Brazilian operations listed on B3. Companies including Iberdrola—the parent of Neoenergia—, Portugal’s EDP, and France’s Carrefour have taken their local subsidiaries private in recent years. Valor learned that other multinationals are also evaluating takeover bids to acquire minority-held shares in their Brazilian subsidiaries.

Click here to read the article published at Valor International.

Santos Neto Advogados has helped Amaggi Louis Dreyfus Zen-Noh Grãos (ALZ Grãos) acquire a soybean crushing unit in the Brazilian state of Tocantins from local agribusiness company Fazendão Indústria e Comércio de Produtos Agropecuários.

Mattos Filho advised Fazendão on the sale.

US aluminium producer Alcoa has enlisted two Ashurst offices and Pinheiro Neto Advogados for the Brazilian aspects of its US$4.1 billion acquisition of Australian mining company South32’s global aluminium value chain assets, which include stakes in Brazilian mining and refining operations.

Demarest Advogados in São Paulo also advised Alcoa on competition matters before Brazilian antitrust authority CADE.

South32 relied on four Mallesons offices and Brazilian outfit Mattos Filho.

Click here to access the deal published by Latin Lawyer.

The growing volume of court-supervised and out-of-court reorganizations has triggered an intense game of musical chairs in Brazil’s legal market. Experienced lawyers are being courted by large firms to lead restructuring teams. Meanwhile, professionals with years of experience at established firms have left traditional practices to bet on specialized boutiques and explore new niches such as agribusiness.

Click here to read the article published at Valor International

Banks and other financial companies operating in Brazil may begin adopting more restrictive policies on their own in their dealings with clients.
Industry participants heard by Valor say some lenders could take that route in response to the U.S. government’s decision to designate Brazil’s two largest criminal factions, PCC and Comando Vermelho, as terrorist organizations.
Brazilian banks already apply strict policies to prevent money laundering and terrorist financing. Still, they acknowledge they do not have the capacity to conduct in-depth tracking of 100% of their clients.

Click here to read the article published at Valor International

Upon closing, Cencosud will acquire the entirety of St. Marche’s operations spanning the state of São Paulo – adding to its existing portfolio of Brazilian supermarket chains, which includes Giga Wholesale, Prezunic, Bretas, GBarbosa and Spid.
Completion of the deal is subject to approval from Brazil’s antitrust watchdog – CADE – and the successful completion of St Marche’s ongoing recuperação judicial (RJ) proceedings. The retailer filed for RJ shortly after agreeing to the sale to Cencosud, following the collapse of an earlier out-of-court recuperação extrajudicial (EJ) restructuring, which was launched in April 2025 and later suspended amid objections from its creditors.

Click here to access the deal published at Latin Lawyer.

Three Milbank offices and Brazil’s Mattos Filho have helped Brazilian car rental company Movida and its subsidiaries carry out a US$350 million debt issuance and concurrent tender offer.
Cleary Gottlieb Steen & Hamilton LLP in São Paulo and New York, and Brazil’s Pinheiro Neto Advogados assisted a group of banks.

Click here to access the deal published at Latin Lawyer.