Brazil:
Demarest e Almeida Advised Legrand Acquired 51% Of Daneva, With An Option To Take Full Control From April 2014
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30 January 2013
DEALS AND TRANSACTIONS
Summary of Transaction
The acquisition accelerates Legrand's expansion in Brazil,
following the acquisition of SMS in 2011, in line with
Legrand's strategy of targeted, self-financed acquisitions of
small and mid-size companies with leading market positions.
The acquisition of Daneva, uncontested leader of the Brazilian
market for connection accessories (including extension cords,
multi-sockets and adaptors), rounds out Legrand's offering and
existing strong positions in Brazil, where the group is already No.
1 in wiring devices, door entry systems, miniature
circuit-breakers, industrial enclosures and UPS.
Based near Sao Paulo, Daneva has nearly 500 employees and
reported sales of around €28 million in 2011.
Date of closing
January 18 , 2013
All firms Involved
Demarest e Almeida Advogados
Pavesio Advogados Associados
Lawyers acting in transaction
Paulo Rocha (Senior Partner)
Alessandra Vilardi (Partner)
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