Press release
VINCI PARTNERS COMPLETES ACQUISITION OF MAV CAPITAL
RIO DE JANEIRO, June 28, 2024 /PRNewswire/ -- Vinci Partners Investments Ltd. (NASDAQ: VINP) ("Vinci Partners," "Vinci," "we," "us," or "our"), the
About this update from Vinci Compass Investments Ltd.
[{"type":"text","content":"RIO DE JANEIRO, June 28, 2024 /PRNewswire/ -- Vinci Partners Investments Ltd. (NASDAQ: VINP) (\"Vinci Partners,\" \"Vinci,\" \"we,\" \"us,\" or \"our\"), the controlling company of a leading alternative investment platform in Brazil, announced today that it has completed the previously announced acquisition of MAV Capital (\"MAV\", \"Team\"), an alternative asset manager focused on the agribusiness segment in Brazil.\n\nAs a result of the closing, Vinci will add approximately R$550 million in assets under management, distributed mainly across two vintages in MAV's flagship strategy.\n\"We are thrilled to announce the closing of the acquisition of MAV Capital.\", said Alessandro Horta, Vinci Partners' Chief Executive Officer and Director. \"We are confident that the MAV team is a valuable addition to our platform, strengthening our presence in agribusiness. This transaction aligns with our long-term goals of expanding business lines and building leading franchises.\"\nTransaction Overview\nThe Transaction, which was announced on April 25th, 2024, closed today and has an initial cash component, with an additional consideration in cash through an earnout structure to be paid in 2028, subject to the achievement of certain incremental management fee revenue targets.\nAbout Vinci Partners\nVinci Partners is a leading alternative investment platform in Brazil, established in 2009. Vinci Partners' business segments include private equity, public equities, real estate, private credit, infrastructure, special situations, investment products and solutions and retirement services, each managed by dedicated investment teams with an independent investment committee and decision-making process. We also have a corporate advisory business, focusing mostly on pre-initial public offering, or pre-IPO, and merger and acquisition, or M&A, advisory services for Brazilian middle-market companies.\nAbout MAV Capital\nMAV Capital is an alternative asset manager focused on the agribusiness sector, founded in 2021, led by a seasoned management team with an extensive track record, managing approximately R$550 million in assets through five investment funds.\nForward-Looking Statements\nThis press release contains forward-looking statements that can be identified by the use of words such as \"anticipate,\" \"believe,\" \"could,\" \"expect,\" \"should,\" \"pl...