2. 2
Olimpia Partners Overview
• Olimpia Partners is an independent advisory firm that provides strategic and financial advisory services focused on maximizing value for its
clients
• The team has extensive expertise in mergers & acquisitions, financial, shareholder, and debt restructurings, as well as in capital raising for
public and private debt and equity transactions
• We are a partnership based on meritocracy which allows us to attract and retain the most talented professionals, aligning interests and
stimulating entrepreneurship
Strategic & Financial Advisory
Mergers and Acquisitions (M&A)
Strategic Partnership / Joint Ventures
Private Placement
Capital Restructuring
Judicial Recovery
Debt Restructuring
Corporate Restructuring
Independent Advisory to the Board
and/or Senior Management
Independent & Impartial Advisory
Equity and Debt Capital Raising
3. 3
Why Olimpia Partners?
Proven &
Experienced Team
• Extensive track record of successful
transactions
• Senior bankers directly involved in all
aspects of every transaction
Independent
Advisory
• Advisory services provided with no
conflicts of interest
• Objectives directly aligned with our client’s
Strategic Relationship
Network
• Ability to source business and investment
opportunities – proprietary deal flow
• Strong relationships in key sectors
Analytical and
Technical Capacity
• Comprehensive experience in structuring
M&A transactions, debt / equity offerings
and private equity placements
• Detailed approach and analysis for each
situation
Knowledge of
Brazil
• Extensive knowledge of regulatory
environment and legal framework
Sale of a minority equity
stake of DVA Agro’s
shareholders in
UPL do Brasil to UPL
Acquisition of ING’s stake
in the controlling entity of
SulAmérica
Structuring and negotiation
of a 5-year syndicated
loan R$75 million
Structuring and negotiation
of the Company’s judicial
recovery plan
R$306.5 million
Sale of a minority stake to
Swiss Re
Sale of 40% of the
Brazilian operations to
Bloomin’ Brands
Sale of a majority stake in
Natulab to
Pátria Investimentos
100% sale of Marcosa
to Sotreq
Sale of a 70% stake in
Cecrisa to
Vinci Partners
Structuring and
Negotiation of the Judicial
Recovery Plan
R$406.5 million
Acquisition of 93% stake
from Vallée
100% sale of Levorin to
Michelin
4. 4
Team Biographies
Richard Rainer
Founding Partner
Prior to founding Olimpia Partners, Richard Rainer was the Country Head for Merrill Lynch in Brazil and was responsible for the Investment Banking division.
Richard has been involved in numerous transactions having participated in the origination and execution of mergers, acquisitions, restructurings, equity and
debt offerings across multiple industries and sectors. Prior to joining Merrill Lynch, Richard was a senior executive at Banco Multiplic and at Morgan Grenfell
& Co. Richard has over 25 years of banking experience. Richard obtained his bachelor’s degree from the State University of New York and completed his
M.B.A. at Fordham University
Irajá Guimarães
Partner
Irajá Guimarães was an Executive Director at Morgan Stanley where he was responsible for coverage of financial institutions and private equity firms. Prior
to joining Morgan Stanley, Irajá spent nine years at Merrill Lynch, during which he spent time both in São Paulo and New York. Irajá began his career as a
Corporate Credit Analyst at Citibank. Irajá holds a bachelor’s degree in Business Administration from the Universidade de São Paulo (USP)
Eugênio José de Almeida e Silva
Partner
Eugênio José de Almeida e Silva began his career at Banco Francês e Brasileiro in 1988. In 1993, he joined Banco BBA/Itaú BBA, where he became a
partner and Managing Director responsible for corporate clients in Rio de Janeiro state and Brazil’s northeastern region. In 2006, Eugênio joined Santander
as an Executive Director responsible for corporate clients in the southern region of Brazil. Eugenio José holds a bachelor’s degree in Economics from PUC
in Rio de Janeiro
Fabiano Ramos
Partner
Fabiano Ramos has over 20 years experience in investment banking, including M&A, project finance and investment management experience, having been
accredited by CVM as fund manager. Fabiano worked at Banco Garantia, ING Barings, Merrill Lynch, Mercado Eletrônico, Ipanema and at his own firm
VOGA (which he sold to the Brazilian Banco Indusval Partners in 2013). Fabiano holds an M.B.A. and a BSc from Southern Illinois University in the US.
5. 5
Team Biographies (Cont’d)
Clovis Ikeda
Partner
Clóvis Ikeda began his career as a member of the Corporate Banking group of Citibank in 1988. Later Ikeda worked in the Corporate Finance area of Chase,
ING Barings and ABN AMRO, focused in the origination and execution of structured finance in the electric and infrastructure sectors. In 2010 Ikeda was
elected Executive Director at Banco Santander, responsible for the management of the local currency asset book, trade finance, cash management e
custody. Ikeda was also Director of Banco Fibra and Banco Safra and Board Member of Febraban. Ikeda holds a bachelor’s and a master’s degree in
Business Administration from USP and a M.B.A. in bank finance from Insper.
Thomas Monteiro
Partner
Thomas Monteiro was a member of the Investment Banking group of Merrill Lynch in São Paulo, where he participated in mergers, acquisitions, and equity
and debt offerings across different sectors. Thomas began his career at the mergers and acquisitions group of Banco Espírito Santo. Thomas holds a
bachelor’s degree in Business Administration from Insper.
6. 6
Giovanna Siracusa
Associate
Giovanna Siracusa worked at Barclays Capital as an equity research analyst covering Latin America Utilities and Oil and Gas companies (June 2010-Feb
2013). Giovanna holds a bachelor’s degree in Business Administration from Fundação Getulio Vargas (EAESP-FGV).
Pedro Franco
Analyst
Pedro Franco worked at igc partners, where he participated in several M&A transactions in the middle market. Prior to joining igc partners, Pedro was a
member of PwC’s corporate finance & M&A team. Pedro holds a bachelor’s degree in Engineering from Escola de Engenharia Mauá
Victor Andreoli
Analyst
Victor Andreoli worked at Credit Suisse in São Paulo in the credit risk management department, where he participated in several credit transactions. Prior
joining Credit Suisse, Victor worked in Dow Corning. Victor holds a bachelor’s degree in Economics from Universidade Estadual de Campinas (UNICAMP)
Paulo Nogueira
Analyst
Prior to joining Olimpia Partners, Paulo Nogueira worked at Bravia Capital’s private equity team. Paulo was involved with one of the portfolio companies.
Paulo holds a bachelor’s degree in Business Administration from Fundação Getulio Vargas (EAESP-FGV)
Hugo Machado
Analyst
Hugo Machado began his professional career in mergers and acquisitions at Olimpia Partners. Hugo holds a bachelor’s degree in Business Administration
from Insper
Team Biographies (Cont’d)
9. 9
Case Study: M&A – Levorin Industrial S.A.
• In August of 2016, Michelin announced the acquisition of 100% of Levorin from
the family shareholders
– Founded in 1943, Levorin is a leading manufacturer of tires and inner tubes
for motorcycles and bicycles in Brazil.
– The transaction is expected to close in the 4th quarter of 2016, after the
approval from CADE (Conselho Administrativo de Defesa Econômica) and
the conclusion of certain conditions precedent
• The acquisition has two strategic objectives for Michelin: to consolidate its
presence in Brazil and strengthen the global development of its 2-wheel tire
offering
– With the transaction, Michelin will strengthen its position in the expanding
commuter segment, complementing the range of tires it already offers in the
high-end 2-wheel leisure market
• Levorin has approximately 2.000 employees and operates two industrial
facilities located in Guarulhos/SP and Manaus/AM
• Michelin is one of the world’s largest tire manufacturers with global revenue
totaling US$23.5 billion in 2015. Currently, Michelin operates five industrial
plants in Brazil manufacturing tires for passenger cars, light and heavy trucks,
motorcycles and agricultural machineries
Sale of 100% stake in Levorin Industrial S.A.
to Michelin
Exclusive financial advisor to
Levorin Industrial S.A.
Pending
10. 10
Case Study: M&A – Merck Animal Health
• In July 2016, Merck Animal Health announced an agreement to acquire a 93%
equity stake in Vallée for approximately US$400 million
– Once closed, the transaction will be the largest acquisition in the Brazilian
animal health industry
– The transaction is expected to close in the 4th quarter of 2016 after the
approval of CADE (Conselho Administrativo de Defesa Econômica) and the
conclusion of other conditions precedent
• With the acquisition, Merck will become a leader in the animal health sector in
Brazil
• The transaction will allow Merck to return producing the FMD vaccine in Brazil,
one of the largest protein producing countries in the world
– Merck had closed its only production facility in Fortaleza in 2012. The
company maintained its presence in the market by acquiring products which
were outsourced to third party suppliers
• Merck Animal Health, known as MSD Animal Health outside the United States
and Canada, is Merck’s global animal health division, one of the largest
pharmaceutical companies in the world with US$39.5 billion revenues in 2015
• Vallée is a leading privately-held producer of animal health products in Brazil,
holding an extensive portfolio of more than 100 products spanning parasiticides,
anti-infectives and vaccines
Merck Animal Health acquired controlling interest in
Vallée S.A.
Exclusive financial advisor to
Merck Animal Health
Pending
11. 11
Case Study: Judicial Recovery – JJ Martins Group
• In May 2015, JJ Martins Group received initial approval of its judicial recovery
plan and creditor restructuring
– At its peak, the JJ Martins Group had R$1.2 billion in revenues, sold more
than 55 thousand vehicles, and had market share of 13% in the Metropolitan
area of Rio de Janeiro
• Olimpia Partners acted as adviser to JJ Martins Group to structure and negotiate
its judicial recovery plan, including:
– Model and evaluate the financial feasibility of the plan
– Assisted the management on negotiations with creditors
– Worked together with legal council on negotiation and documentation
• Summary of the plan:
– Total Indebtedness of R$406,5 million
– Creditors will be paid with resources from JJ Martins Group operating cash
flow and from the sale of properties which were valued at R$137.6 million
• JJ Martins Group is one of the largest automotive retailers in the Rio de Janeiro
Metropolitan area with significant assets in real estate enterprises
– JJ Martins Group has Chevrolet, Renault, Kia and Ford automobile
dealerships
– R$427 million in revenues and 8 thousand vehicles sold in 2015
– The group has also been extensively involved in residential real estate
development in the city of Rio de Janeiro
Advisor to
JJ Martins Group’s
judicial recovery plan and creditor restructuring
Exclusive financial advisor to
JJ Martins Group
Pending
12. 12
Case Study: M&A – DVA Agro do Brasil
• In July 2011, Indian crop protection company United Phosphorus Ltd (currently
UPL Limited) acquired a 51% stake in DVA Agro do Brasil S.A. for US$150
million
– The transaction included a primary issuance in DVA Agro Brasil together
with a secondary purchase of shares from the existing shareholders
– The transaction value was subject to adjustments according to results
obtained in the years following the transaction
– DVA Agro do Brasil changed its name to UPL do Brasil S.A.
• In March 2015, UPL acquired the remaining share of DVA Agro do Brasil’s
original shareholders
• DVA Agro do Brasil is engaged in the production, marketing, selling and
distribution of crop protection products and specialties in the Brazilian
agrochemicals market
– The Company has a highly diversified product offering and has invested
heavily in several product registrations in preparation for significant growth
for the next several years
• Established in 1969, UPL is a leading global producer of crop protection
products, intermediates, specialty chemicals and other industrial chemicals
– UPL is the third largest global producer of patented crop protection products
– The company is also the 7th largest producer of crop protection products
‘’
Shareholders of former DVA Agro do Brasil S.A. sold an equity to United
Phosphorus Limited, currently UPL Limited
‘’
DVA Agro do Brasil S.A. shareholders sold a 51.0% equity stake
to United Phosphorus Limited for US$150.0 million
Exclusive financial advisor to the
shareholders of DVA Agro do Brasil S.A.
Exclusive financial advisor to
DVA Agro Brasil S.A.
13. 13
Case Study: M&A – SulAmérica
• SULASAPAR shareholders signed an agreement to acquire 100% of ING’s
shares in SULASAPAR
• In connection with the above mentioned transaction, the Larragoiti family and
ING signed an agreement to sell a portion of their SulAmérica UNITs to Swiss
Re, representing 14.9% of SulAmérica
– The Larragoiti family sold 13.1 million UNITs and ING sold 37.6 million UNITs
representing 3.8% and 11.1% respectively of SulAmerica
• Upon approval of the transactions:
– The Larragoiti Family retained control of the Company and raised their stake
in SulAmérica from 24.8% to 28.1%
– ING reduced its stake in SulAmérica from 28.2% to 10.0% and will remain
with one board seat
ING’s stake will consist only of SulAmérica UNITs
– Swiss Re became a minority shareholder with 14.9% of the Company and is
now entitled to one board seat
• This transaction is part of the ING Group restructuring plan for the divestment of
all its Insurance and Investment Management operations as agreed upon with
the European Commission in exchange for the public financing of €10 billion
during the financial crisis in 2008
• SulAmérica is the largest independent insurance group in Brazil, with operations
in diverse insurance lines. Its business lines are supported by diversified
distribution capabilities that includes a network of more than 30,000 independent
insurance brokers. SulAmérica also has partnerships with more than 20 financial-
and retail institutions, adding a further 16,000 points of sale
• ING is a major Dutch financial institution with presence in over 40 countries
• Swiss Re Group is a leading wholesale provider of reinsurance, insurance and
other insurance-based forms of risk transfer
‘’
Sulasa Participações S.A. acquired 100.0% of
ING Insurance International B.V. shares in
Sulasapar Participações S.A., the controlling entity of SulAmerica
Exclusive financial advisor to
Sulasa Participações S.A.
‘’
Sulasa Participações S.A. shareholders sold 13.1 million UNITs of
SulAmérica S.A. to Swiss Re Direct Investments Company Ltd
Exclusive financial advisor to
Sulasa Participações S.A.
14. 14
Case Study: M&A – Natulab Laboratório S.A.
• In August of 2013, the private equity fund Pátria Investimentos acquired a
controlling equity stake in Natulab
– In order to continue its robust performance and high growth rate, Natulab
needed to improve its capital structure through an equity capital injection
– The management team was seeking a financial partner with a hands-on
approach to contribute to the Company’s audacious expansion plan
• Challenges to the transactions included:
– A diverse shareholder’s structure with 16 angel investors, founding-partners
and officers based in Brazil and Italy
– The negotiation of a complex shareholder’s agreement contemplating
different demands from the different parties
• Highlights that attracted Pátria Investimentos include:
– Investment in an attractive fast-growing sector
– Robust product pipeline and aggressive business plan
• Founded in the late 90’s, Natulab is a manufacturer of phytotherapic
formulations, branded-generic medications, vitamins and supplements located in
Santo Antonio de Jesus, Bahia
– With a product portfolio of over 130 items, Natulab targets Brazil’s high
growth income classes (C & D)
• Founded in 1988, Pátria Investimentos has over US$7.2 billion of assets under
management
– Pátria Investimentos offers a wide range of investments options, including
private equity investment funds, real estate investment funds, infrastructure
investment funds and multi-market investment funds
Sale of a majority equity stake in
Natulab Laboratório S.A. to
Pátria Investimentos Ltda.
Exclusive financial advisor to
Natulab Laboratório S.A.
15. 15
Case Study: Syndicated Loan – Silimed
• Olimpia Partners acted as financial advisor to Silimed to structure and negotiate
a 5 year syndicated loan with the the four largest banks in Brazil in order to re-
profile the company’s existing debt
– Silimed’s indebtedness was concentrated on short term lines of credit with 17
mid-sized banks in Brazil, and with interest rates significantly above of
companies of similar size
• Olimpia Partners worked with the company to develop a business plan to be
presented to the banks and advised Silimed during all stages of the negotiation
with the new creditors
• Key terms of the new credit facility include:
• Silimed is the largest manufacturer of silicone implants in Latin America and the
third largest producer in the world
– Silimed produces breast, gluteus, calf, facial, urology and obesity implants,
among other products, and sells its products in more than 60 countries
around the world
Structuring and negotiation of
a 5-year syndicated loan
R$75.0 million
Exclusive financial advisor to
Silimed
Borrower:
Silimed Indústria de Implantes Ltda.
Silimed Comércio de Produtos Médico
Hospitalares Ltda.
Debt Amount: R$75 million
Interest Rate: CDI + 4.6% per year
Maturity: 5 years
Grace Period: 1 year
Financial Advisor: Olimpia Partners
Leading Bank: Santander
Creditor Banks: Santander, Bradesco, HSBC and Itaú
16. 16
Case Study: M&A – Outback Operations in Brazil
• In November of 2013, the shareholders of PGS Participações signed an
agreement to sell an 80% stake in PGS Participações to Bloomin’ Brands,
equivalent to 40% of PGS, the controlling entity of Outback Steakhouses in
Brazil.
• Upon the transaction conclusion:
– Bloom Participações, a fully owned subsidiary of Bloomin’ Brands, assumed
control and increased its stake in the Outback Steakhouse operations in
Brazil from 50.0% to 90.0%
– The Brazilian Shareholders reduced their indirect stake in PGS from 50.0% to
10.0%
– The main executives will remain with the company after the transaction
• The transaction was in line with Bloomin’ Brands’ global expansion strategy to
increase their operations in high-margin and fast-growing countries
• Bloomin’ Brands, Inc. is one of the largest casual dining restaurant companies in
the world. The portfolio of five founder-inspired brands is comprised of Outback
Steakhouse, Carrabba's Italian Grill, Bonefish Grill, Fleming's Prime Steakhouse
& Wine Bar and Roy's with nearly 1,500 restaurants in 48 states, Puerto Rico,
Guam and 21 countries
• The Outback operations in Brazil operates 47 restaurants in 10 States and has
been recognized with numerous awards
– Nine of Outback’s 10 highest grossing restaurants are located in Brazil
Sale of a 40.0% stake of the Outback
operations in Brazil to Bloomin’ Brands
Exclusive financial advisor to the
Brazilian Shareholders
17. 17
Case Study: M&A – Marcosa
• In November of 2012 the shareholders of Marcosa, the second largest Caterpillar
dealer in Brazil, sold 100% of their shares to Grupo Sotreq
• The motivation for entering into the transaction on the part of the selling
shareholders included:
– Complex family succession issues
– Pressure for increasing investment requirements from Caterpillar
• Transaction challenges included:
– Direct influence from Caterpillar throughout the transaction process
– Intense discussions regarding how Caterpillar dealers should be valued
compared with traditional valuation methodologies
• For Grupo Sotreq transaction highlights included:
– Opportunity for Sotreq to consolidate its existing business by adding the
northeastern region of Brazil, the region within Brazil that has the highest
growth rate, particularly in the heavy construction segment
– Operational synergies and scale
– Opportunities in the expanding mining & oil sectors
• Marcosa was a family run Caterpillar dealer for 65 years that sold, leased and
provided technical support for machinery, equipment, heavy engines, and power
generators, and was the exclusive Caterpillar representative in the northeastern
region of Brazil
• Founded in 1941, Grupo Sotreq is family controlled and is the largest Caterpillar
dealer and equipment supplier in Latin America, maintaining exclusivity rights in
the North, Mid-West, and Southeast regions of Brazil
Sale of 100.0% stake in Marcosa S.A.
to Sotreq S.A.
Exclusive financial advisor to
Marcosa S.A.
18. 18
Case Study: M&A – Cecrisa
• In June of 2012, Vinci Partners concluded the acquisition of a 70% stake in
Cecrisa S.A.
– Vinci Partners is an independent investment company, specializing in the
management of alternative investments
– Cecrisa is one of the largest ceramic tile manufacturers in Brazil
• The transaction included a primary capital injection and a secondary share
purchase
• The final agreement included the following governance terms:
– The maintenance of Cecrisa’s existing management team
– Cecrisa’s founding family maintained a 30% stake in the Company and
retained a proportionate number of members on the Board of Directors
• Cecrisa is the largest ceramic tile manufacturer in Brazil in revenues and offers a
diversified product portfolio with high value-added products
– Over 1,800 different products
• Founded in October 2009, Vinci Partners has approximately US$2.0 billion of
capital under management
– The firm has currently 10 companies in its portfolio
Financial advisor to Cecrisa and the Selling
Shareholders
Sale of a 70.0% stake in Cecrisa
S.A. to Vinci Partners
19. 19
Case Study: Judicial Recovery – GPC Participações
• In December of 2013, the holding company GPC Participações S.A received
formal approval of its judicial recovery plan and creditor restructuring, including
its subsidiaries GPC Química S.A. and Apolo Tubos e Equipamentos S.A.
– GPC Química S.A. is one of the main manufacturers of methanol and
methanol derived products including resins and varnishes. The company had
been under financial pressure from the increasingly high cost of natural gas
and more competitive imports of lower cost methanol
– Apolo Tubos e Equipamentos S.A. is a manufacturer of welded steel tubes.
The company also had been under financial pressured as a result of heavy
price competition in both galvanized pipes and the black tubes segments
• Olimpia Partners acted as adviser to the GPC group to structure and negotiate
its judicial recovery plan and creditor restructuring, including:
– Model and evaluate the financial feasibility of the plan
– Assisted the management on negotiations with creditors
– Worked together with legal council on negotiation and documentation
• Summary of the plan:
– Total Indebtedness of R$306.5 million
– Creditors will be paid from the sale of Benfica real estate, which was valued
at R$216.0 million by Cushman & Wakefield
– Net proceeds to be divided as following:
Asset-based creditors and supporting creditors post filing will be fully paid
Unsecured creditors will be entitled to the remaining proceeds after the
payment of the asset-backed creditors
– Any proceeds from the sale of other assets or subsidiaries in the future will be
utilized by group to improve working capital
• Founded in 1929, GPC is a family controlled group with investments in several
sectors of the economy, including industrial, chemical, oil & gas, renewable
energy and tubes. The 3 companies under the recovery plan totaled annual sales
of R$883.8 million at their peak in 2008.
Approval of Grupo Peixoto de Castro’s judicial
recovery plan and creditor restructuring
Exclusive financial advisor to
GPC Participações S.A.
20. 20
Case Study: Equity Capital Raising – Projeto Barueri
• General Shopping Brasil S/A concluded the sale of a 48.0% stake in the Barueri
Mall project to VBI GSBR Empreendimentos e Participações Ltda for R$68.7
million
• Olimpia Partners acted as sole financial advisor to General Shopping
• The Barueri Mall will have 32,000 m2 of gross leasable area in its first phase,
constructed on a 60,000 m2 terrain
• The project includes the potential future construction of business towers as well
as additional expansion
• General Shopping will retain its management role following the transaction
• General Shopping is one of the largest shopping center management companies
in Brazil, with 190,100 m2 of own gross leasable area
• At the time of the transaction, the Company owned 13 shopping centers in which
it had a proportional interest of 84.3%
– Together these shopping centers have a gross leasable area of 225,400 m2
– 11 of these malls are located in the State of São Paulo, 1 in Paraná and 1 in
Rio Grande do Sul
• General Shopping actively participates in the site search, planning, development
and construction of shopping centers
• The Company leases and manages its shopping centers, provide parking
management services and also manages the supply of electricity and water
• General Shopping is uniquely qualified to manage smaller and “neighborhood”-
type malls focused on the B and C socio-economic classes
General Shopping Brasil S.A. sold a 48.0% stake
in the Barueri Mall project to VBI GSBR
Empreendimentos e Participações Ltda.
R$68.7 million
Exclusive financial advisor to
General Shopping Brasil S.A.
21. 21
Case Study: Debt Capital Raising – Ceagro Agrícola Ltda.
• On October 20, 2010 Olimpia Partners acted as sole financial advisor on an
inaugural U$100.0 million senior secured notes offering due 2016 for Ceagro
Agrícola Ltda (“Ceagro)
• Ceagro was the largest corn originator and among the largest soybean
originators in Brazil at the time of the transaction
• A roadshow was organized in Europe and the United States with group meetings
and one-on-ones
• The $100.0 million transaction priced at the initial guidance of 11.0%
• Proceeds was used to repay existing indebtedness, working capital, and for
general corporate purposes
• Ceagro’s unique business model, experienced management, in addition to a debt
service reserve account and offshore collection account gave investors comfort
on the only inaugural Brazilian single-B issue in 2010
• The notes were broadly placed with over 48 investors in Europe (38.5%), the
USA (26.5%), Latin America (20.7%) and Asia (14.4%)
• Issuance key-points:
Ceagro Agrícola Ltda. Issued US$100 million in
Senior Secured Notes
10.75% due 2016
Exclusive financial advisor to
Ceagro Agrícola Ltda.
Issuer: Ceagro Agricola Ltda.
Offer Size: $100.0 million Senior Secured Notes
Rating: B/B- (S&P/Fitch) (Both Stable)
Structure: 144A, Reg. S
Collateral: Guarantee of 100% of the shares
Pricing Day: October 20, 2010
Maturity: May 2016
Coupon: 10.750%
Price: 98.965
Interest Rate: 11.000%
Offer Coordinator: Jefferies & Company
Financial Advisor: Olimpia Partners
Listing: Irish Stock Exchange
23. 23
Team Experience – Financial Advisory
Merger of Itaú Holding
Financeira with
Unibanco
November 2008
Sale of G Barbosa
to Cencosud
September 2007
Acquisition of
Quickfood and Colonia
September 2007
Sale of VCP’s Jacareí
paper business to
Ahlstrom
September 2007
Sale of Telemig and
TeleNorte to Vivo
July 2007
$1.1 Billion
Asset swap between
VCP and International
Paper
February 2007
$3.1 Billion
Acquisition of Bank
Boston’s LatAm assets
May 2006
$500 Million
Sale of Brasif to a
consortium formed by
Dufry and Advent
March 2006
$2.7 Billion
Acquisition of Caemi
Mineração e Metalurgia
minority shareholders
By CVRD
March 2006
Sale of Buscapé to
U.S. Venture Capital
December 2005
Financial Restructuring of
Light
July 2005
€256 Million
Sale of Banco Fiat to
Banco Itaú
December 2002
Merger of Banco
Santander Chile with
Banco Santiago
August 2002
Financial Restructuring of
Eletropaulo
August 2002
Acquisition of an
additional stake of CST
shares held by Acesita
May 2002
Sale of Garoto to
Nestlé
February 2002
$130 Million
Acquisition of Bebidas
Antactica do Norte-
Nordeste
December 2001
Acquisition of 60% of
voting control of
Banespa
November 2000
Acquisition of Cervejaria
Astra minority stake
September 2001
Acquisition of 26.5% of
Banco Rio’s outstanding
shares
August 2000
Sale of CGD’s
Brazilian assets to
Unibanco
July 2000
$347 Million
Sale of Alliant Energy’s
minority stake in Cia.
Força e Luz Cataguazes-
Leopoldina
January 2000
$2.5 Billion
Merger of BBVA with
Bancomer
June 2000
Acquisition of
BANEB
June 1999
$2.6 Billion
Acquisition of
Eletropaulo Metropolitana
April 1998
$280 Million
Sale of Barateiro
Supermercados to
Grupo Pão de Açúcar
June 1998
Note: Transactions managed by members of Olimpia Partners’ team
24. 24
$365 Million
IPO
April 2008
$90 Million
IPO
April 2008
$266 Million
Follow-on
April 2008
$1.1 Billion
IPO
December 2007
$3.3 Billion
IPO
November 2007
$150 Million
IPO
July 2007
$524 Million
IPO
July 2007
$258 Million
IPO
July 2007
$1 Billion
Follow-on
April 2007
$200 Million
IPO
April 2007
$223 Million
IPO
April 2007
$272 Million
IPO
April 2007
$243 Million
IPO
March 2007
$560 Million
Follow-on
March 2007
$859 Million
Follow-on
February 2007
$235 Million
Follow-on
March 2005
$188 Million
IPO
June 2004
$286 Million
IPO
September 2004
$140 Million
Follow-on
February 2002
$4.3 Billion
IPO
August 2000
$438 Million
IPO
February 2006
$1.9 Billion
IPO
March 2002
$446 Million
IPO
July 2000
$217 Million
IPO
May 2006
Team Experience – Equity Offerings
Note: Transactions managed by members of Olimpia Partners’ team
25. 25
$250 Million
8.750% NC5 Notes
due 2018
May 2008
$100 Million
9.500% Notes due 2012
November 2007
$1 Billion
6.369% Bonds due 2018
May 2008
$375 Million
9.625% Notes due 2016
April 2007
$400 Million
11.125% Perpetual NC5
Notes
November 2006
$250 Million
10.5% Notes due 2013
July 2006
$115 Million
5-year Pre-Export Loan
April 2006
$200 Million
Real denominated bond
offering
June 2005
$300 Million
8.875% Perpetual NC5
Notes
May 2005
$500 Million
8.7% Perpetual NC5
Notes
July 2005
$80.1 Million
Debentures
July 2005
Energia Paulista
Participações
$275 Million
10.1% Loan Participation
Certificates due 1999
March 1998
$184 Million
9.875% Global BRL
Notes due 2017
July 2007
$200 Million
9.875% Perpetual NC5
Notes
July 2007
$400 Million
5.5% Notes due 2011
September 2004
$100 Million
10% Subordinated Notes
due 2011
August 2001
¥30 Billion
4.25% Subordinated
Notes due 2011
August 2001
$500 Million
8.25% Notes due 2034
January 2004
$500 Million
8.7% Perpetual NC5
Notes
September 2005
Note: Transactions managed by members of Olimpia Partners’ team
Team Experience – Debt Offerings
