- Lacan is a prominent Timberland Funding Control Group (TIMO) in Brazil managing R$1.5 billion in forestry belongings throughout 130,000 hectares in Brazil via 4 vintages
- The transaction targets to determine Vinci’s presence in Brazil’s forestry sector, a key technique in Latin The usa with considerable enlargement attainable over coming years
- The purchase is aligned with Vinci’s long-term enlargement plan, enabling the Corporate to additional extend its product providing via making a fresh technique inside Personal Markets with sexy charges and long-term lockups
RIO DE JANEIRO, Nov. 4, 2024 /PRNewswire/ — Vinci Companions Investments Ltd. (NASDAQ: VINP) (“Vinci Partners,” “Vinci,” “the Company,” “we,” “us,” or “our”), the controlling corporate of a prominent supplementary funding platform in Brazil, introduced as of late the signing and latter of an contract (“Transaction”) to procure Lacan Ativos Reais (“Lacan”, “Team”), an supplementary asset supervisor with a prominent franchise within the forestry department in Brazil, with roughly R$1.5 billion in belongings underneath control.
“We are thrilled to announce this transaction and to welcome Lacan’s team to our platform. We have always regarded the forestry sector in Brazil as a prime opportunity for capital deployment, and we believe it is highly complementary to Vinci’s current product offering. As such, we couldn’t have found a better team to help establish Vinci’s presence in this sector. Lacan’s long-term expertise and proven track record in this asset class set them apart, and we are excited to offer our clients this new investment strategy. In addition, the Forestry vertical is already well developed in other Latin American countries, and with the Team and strong track record of Lacan, we believe there is opportunity to expand the strategy outside of Brazil,” stated Alessandro Horta, Vinci Companions’ Govt Officer.
Based in 2000, Lacan is a prominent Timberland Funding Control Group (TIMO) in Brazil, led via an skilled senior control crew with a confirmed monitor report. The Workforce manages closed-end funding automobiles with long-term lockups of no less than ten years and a rate price that exceeds the common for Vinci’s Personal Markets technique, with roughly R$1.5 billion in belongings via a flagship technique that incorporates 3 vintages raised, along with the fourth antique lately in fundraising procedure.
Lacan boasts a powerful investor bottom, with sturdy relationships with fine quality institutional traders from Brazil and Europe. The method is dedicated to sustainability, managing 130,000 hectares of planted jungles and guarded boxes throughout 4 other states in Brazil. Moreover, all operations are 100% FSC-certified, with a focal point on planting completely on cleared or degraded lands, reinforcing its willpower to accountable environmental stewardship.
“Brazil offers numerous competitive advantages in the forestry sector, holding an impressive 8% share of the global roundwood market. The country’s eucalyptus cultivation process is not only unique but also the most efficient in the world. With all the key drivers in place, we see a significant opportunity for the investment fund industry to engage in Brazil, which is lately underserved on this sector.
At Vinci, we’re positioning ourselves to grow to be a regional chief as this sector develops within the medium promise. Through combining our remarkable distribution features with Lacan’s funding experience, we’re eager to build a real regional champion,” stated Luiz Augusto Candiota, foundation spouse and chairman of Lacan.
“We are thrilled to join a leading platform in Latin America, recognizing the immense potential to scale our strategy not only as a trusted partner of major forest-based companies but also as a developer of carbon projects through both commercial forests and ecological restoration. With nearly two decades of in-depth knowledge gained from investing in forest assets, we are excited to take our expertise to the next level.”
Transaction Assessment
The Transaction will come with an preliminary money property, with spare money issues via earnout buildings over a duration of as much as 4 years, contingent upon fundraising and incremental control rate revenues.
The Transaction used to be signed and closed on November 4th, 2024, and can begin to have an effect on AUM and Distributable Profits numbers for Vinci within the fourth quarter 2024. The purchase of Lacan is anticipated to be instantly accretive to Rate Matching Profits in line with proportion and Distributable Profits in line with proportion.
Pinheiro Neto Advogados acted as prison suggest to Vinci. Cepeda Advogados acted as prison suggest for Lacan.
About Vinci Companions
Vinci Companions is a prominent supplementary funding platform in Brazil, established in 2009. Vinci Companions’ industry sections come with non-public fairness, community equities, actual property, non-public credit score, infrastructure, particular statuses, funding merchandise and answers and leaving products and services, every controlled via devoted funding groups with an distant funding committee and decision-making procedure. We even have a monetary advisory industry, focusing most commonly on pre-initial community providing, or pre-IPO, and merger and acquisition, or M&A, advisory products and services for Brazilian middle-market firms. On October 29, 2024, Vinci introduced the latter of the mix with Compass, a prominent distant asset control company in Latin The usa, making a full-service Latin American supplementary asset supervisor, that as of June 2024, had greater than US$52 billion in belongings underneath control.
About Lacan
Lacan is a prominent Timberland Funding Control Group (TIMO) in Brazil, led via an skilled senior control crew with a confirmed monitor report. The crew manages roughly R$1.5 billion in belongings via one flagship technique that incorporates 3 funding price range raised between 2009 and 2020, along with the fourth antique lately in fundraising procedure.
Ahead-Taking a look Statements
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USA Media Touch
Nick Lamplough / Kate Thompson / Katie Villany
Joele Frank, Wilkinson Brimmer Katcher
+1 (212) 355-4449
Brazil Media Touch
Danthi Comunicações
Carla Azevedo ([email protected])
+55 (21) 3114-0779
Investor Touch
[email protected]
NY: +1 (646) 559-8040
RJ: +55 (21) 2159-6240
SOURCE Vinci Companions Investments Ltd.
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