By Vincent Manancourt  

Machado, Meyer, Sendacz e Opice Advogados has helped a Brazilian fund managed by Bank of America Merrill Lynch acquire receivables from Rio de Janeiro state-managed investment fund FUNDES for US$277 million.

FUNDES used in-house counsel for the transaction, which closed on 27 October.

The receivables give the buyer the right to future revenue earned through financial agreements signed between Rio de Janeiro state and French carmaker Peugeot, Brazilian petrochemical company Braskem, and brewers Ambev and Brasil Kirin.

Counsel to Fundo de Investimento em direitos Creditórios Não-Padronizados PCG-Brasil Multicarteira

In-house counsel - Cristiane Quiterio

Machado, Meyer, Sendacz e Opice Advogados

Partner José Virgilio Lopes Enei and associates Rafael Vanzella, Patrícia Levy  and Carolina Vieira