Brazil: TozziniFreire Increases Its Share in the Brazilian Transactions Market
TozziniFreire Advogados increased its share in the transactional market in the first half of 2023 compared to the same period last year. According to data from the Transactional Track Record (TTR), the firm reported 37 transactions, against 35 in the same period of 2022. Despite the challenging year, which had a 31% drop in the total volume of transactions in the first half of the year, the law firm saw its share increase, reaching 4% of the total transactions reported by the platform.
For João Busin, one of the leaders of TozziniFreire's M&A practice, this growth is associated with the work of a multidisciplinary team in charge of conducting large transactions. According to him, “the ability to provide legal services of excellence in several segments of the market, in an integrated way, positions us before our clients as true business partners.”
Large transactions that stand out are in the areas of information technology, financial services, industry, as well as energy and infrastructure, which together represent 75% of the transactions and more than three billion reais in market value.
With a strong international strategy, 54% of the transactions on which our law firm worked in the first half of the year are cross-border and involved countries in Europe and North America, for instance. This is the case of the global transaction for the acquisition of LeasePlan by ALD Automotive for EUR 4.8 billion, the sale of PerkinElmer's analytics, food, and corporate services businesses to New Mountain Capital (USD 2 billion), and the associative M&A in the amount of BRL 1.2 billion for the sale of 50% of company Neoenergia Transmissora 15 SPE S.A., which will serve as an investment platform between Neoenergia and the GIC Group.
For CEO Fernando Serec, it is too early to define how the rest of the year will be, but the first half of 2023 was promising, with very positive indicators. “Large M&A transactions have been in our DNA since our inception in the 1970s. Increasingly dedicated to the growth of our corporate area, we now have a team of 21 partners distributed in four units. TozziniFreire is living its best moment, combining the best of all worlds: the maturity of almost 50 years of history, tradition, and experience, with innovative and modern management principles, having a clear look into the future.”
About TozziniFreire Advogados
Developing safe and innovative legal solutions with the commitment and determination to deliver results is how TozziniFreire works. It is in our essence to make significant contributions to our clients’ business strategies in an increasingly complex environment, offering comprehensive advice and anticipating corporate legal issues.
We are a law firm acting in 55 areas of corporate law. We offer a unique structure with 25 industry groups and 4 international desks staffed by lawyers who are considered experts by the market and key national and international guides.
Ever since its establishment in 1976, TozziniFreire has played a central role in many of the most significant transactions in the Brazilian market, contributing to the growth of the local economy and becoming one of the most respected law firms in Brazil.
Besides providing the best legal solutions to clients with integrity and innovation, TozziniFreire also has the mission of contributing to the improvement of Brazilian society with diversity, inclusion and social responsibility.
To learn more about the firm, please visit our website and our social media channels LinkedIn, Instagram, Facebook, Twitter and YouTube.
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Natalia Zulzke, Fábio Almeida and Júlia dos Santos Lima