Belo Horizonte investors acquire PPP school developer from Odebrecht

  • Brazil
  • 10/19/2018
  • Latin Lawyer

Azevedo Sette Advogados has helped logistics company Transpes acquire a special purpose vehicle developing 56 schools in the city of Belo Horizonte as part of Brazil’s first education-focused public private partnership (PPP).

Construction conglomerate Odebrecht, which owned the vehicle, hired Fialho Salles Advogados.
The deal, which closed on 8 October, gives Transpes 100% of the vehicle, which is called Inova BH. No value was disclosed for the deal.
Inova was created to provide services like building maintenance, security and cleaning for city council-administered schools in the capital of Minas Gerais.
Transpes is owned by Belo Horizonte-based investors 3G Fundos de Investimentos.

Counsel to Transpes

Azevedo Sette Advogados
Partners Frederico Bopp Dieterich and Luiz Eduardo Salles, and associates Eduardo Monteiro Moreira César and Ingrid Bandeira Santos

Counsel to Inova BH and Odebrecht

Fialho Canabrava Andrade Salles Advogados
Partner Luciano Fialho and associate Thiago Fiuza Vieira

This article was updated on 18 October to amend an earlier version which incorrectly identified Azevedo Sette’s client as 3G Capital. 3G Capital was not involved in this deal.