Thomas Muskett-Ford

Machado, Meyer, Sendacz e Opice Advogados in São Paulo and Houthoff Buruma in Rotterdam have helped Dutch maritime company Royal IHC acquire Brazilian offshore engineering company Brastec Technologies and its affiliate SAS Offshore from a private equity fund managed by Brazil’s Banco Modal.

Royal IHC paid an undisclosed amount for a 70 per cent stake in Brastec and a 100 per cent indirect stake in maritime machine manufacturer SAS. Banco Modal’s Óleo e Gás Fundo de Investimento em Participações, which will retain a 30 per cent stake in Brastec, sought counsel from Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados’ Rio de Janiero and São Paulo offices and Ploum Lodder Princen in Rotterdam. The deal closed on 23 December.

Latin Lawyer