Vinci Partners Investments to acquire MAV Capital to strengthen agribusiness portfolio

Vinci Partners Investments Ltd. (NASDAQ: VINP), a prominent alternative investment platform in Brazil, announced today its agreement to acquire MAV Capital, a specialized alternative asset manager in the agribusiness sector of Brazil. This acquisition brings MAV Capital’s R$550 million in assets under management into Vinci’s diverse portfolio. The transaction, which includes an initial cash component and potential additional earnout payments by 2028 based on performance targets, is set to close in the third quarter of 2024, pending regulatory approvals.

Expanding Expertise and Market Opportunities

Vinci Partners‘ CEO, Alessandro Horta, expressed enthusiasm for the acquisition, highlighting the strategic alignment with Vinci’s long-term goals of expanding its business lines. “This transaction is aligned with Vinci’s long-term goals of broadening its business lines and building leading franchises,” said Horta. The addition of MAV Capital is expected to leverage Vinci’s existing capabilities and solidify its position in the lucrative agribusiness market, which plays a critical role in Brazil’s economy due to the country’s significant agricultural outputs and export capabilities.

Founded in 2021, MAV Capital has quickly established itself with a strong focus on the agribusiness sector, managing significant assets through five investment vehicles. The firm specializes in structured credit operations across various sectors, including agribusiness, real estate, and infrastructure. MAV’s senior management, led by André Ito, brings over two decades of experience in financial operations and strategic asset management.

Strategic Implications for Vinci Partners

The acquisition is a significant addition to Vinci Partners’ already diverse investment portfolio, which includes private equity, public equities, real estate, credit, infrastructure, special situations, and more. By integrating MAV’s specialized agribusiness focus, Vinci not only diversifies its offerings but also enhances its competitive edge in a sector poised for growth due to increasing global demand for agricultural products.

Benefits to MAV Capital and Its Stakeholders

André Ito, CEO of MAV Capital, commented on the merger, “We are extremely happy to join Vinci, as we see a strong business and cultural fit.” He emphasized the synergy between MAV’s expertise in agribusiness and Vinci’s robust platform and distribution capabilities. This merger is set to expand MAV’s reach and enhance its impact within the agribusiness sector, offering more comprehensive solutions to stakeholders.

Advisory and Legal Aspects of the Transaction

Seneca Evercore served as the financial advisor to Vinci Partners, with Lefosse Advogados providing legal counsel. MAV Capital was advised by Themudo Lessa Advogados.

This acquisition marks a strategic enhancement for Vinci Partners, enabling the firm to capitalize on the growing agribusiness sector in Brazil. It also demonstrates Vinci’s proactive approach in diversifying its investment strategies and responding to market opportunities with agility and expertise. The integration of MAV Capital’s assets and expertise is poised to create significant value for Vinci’s stakeholders and further solidify its market position.