by Lulu Rumsey

Machado, Meyer, Sendacz e Opice Advogados has helped French tyre maker Michelin purchase a Brazilian bicycle and motorcycle tyre manufacturer, consolidating its position in Latin America´s largest economy.

Family-run Levorin and its shareholders are working with Souza, Cescon, Barrieu & Flesch Advogadosfor its sale. The company was founded in 1943 by Hercules Levorin. It had an annual turnover of US$152 million in 2015 and employs 2,000 people in São Paulo and Manaus.

The value Michelin paid for Levorin was not disclosed.

The sale hands Michelin three Levorin subsidiaries. The deal, which was signed on 26 August, must be approved by CADE to close.

Michelin has operated in Brazil since 1927.

Counsel to Michelin

Machado, Meyer, Sendacz e Opice Advogados

Partners Carlos José Rolim de Mello and José Prado, and associates Cristiana Rebelo Wiener and Maria Luiza Junqueira Oliveira de Barros

Counsel to Administradora Comercial e Serviços Levorin, Célio Levorin, Estate of Neyde Levorin, Hércules Levorin Junior, L5V Participações e Investimentos, L4Par Participações e Investimentos, Leal Participações e Investimentos, Márcia Maria Marchesani Levorin, Plínio Levorin, Vilma Negrini, Cintia Levorin, Clarissa Levorin, Sérgio Levorin, Auro Levorin, Paulo Levorin, Alexandre Levorin, Leonardo Levorin, Adriano Marchesani Levorin, Célio Levorin Júnior, Daniel Marchesani Levorin and Ricardo Marchesani Levorin

Souza, Cescon, Barrieu & Flesch Advogados

Partners Maria Cristina Cescon, Fabiola Cammarota, Marina Prado and Ana Carolina Passos

(Latin Lawyer - 12.09.2016)

(Notícia na íntegra)