Tuesday, 17th April 2012 by Rachel Hall

Machado, Meyer, Sendacz e Opice Advogados has helped oil services provider Lupatech make a private share placement worth 700 million reais (US$380 million) and sign an agreement to acquire San Antonio International’s Brazilian arm, which will make the company the largest oil and gas services provider in Brazil.

Barbosa Müssnich & Aragão provided counsel to Brazil-based GP Investments, the owner of the funds which control San Antonio International. The deal was signed on 5 April.

Brazil’s development bank, BNDES, Petros – the pension fund owned by Petrobras – and GP Investments have subscribed to Lupatech shares worth a total of US$190 million.

Lupatech agreed to pay US$81 million for San Antonio Brasil, of which US$27 million was paid for with equity.

Through the deal Lupatech will gain control of San Antonio Internacional do Brasil Serviços de Petróleo, Lochness Participações and Sotep Sociedade Técnica de Perfuração.

Counsel to Lupatech

Machado, Meyer, Sendacz e Opice Advogados

Partners Eliana Chimenti, Alessandra de Souza Pinto and associate Karina Cardozo de Oliveira

Counsel to GP Investments and San Antonio International

Barbosa Müssnich & Aragão

Partners Luiz Antonio de Sampaio Campos and Amir Bocayuva Cunha, and associates Karina Lerner and Rafaela Reina

(Latin Lawyer 17.04.2012)

(Notícia na Íntegra)