Debevoise Advises Brookfield Asset Management in its Acquisition of Majority Stake in Odebrecht Ambiental

27 October 2016

Debevoise & Plimpton LLP is advising Brookfield Business Partners and institutional clients of Brookfield Asset Management in their acquisition of a 70% controlling stake in the business of Odebrecht Ambiental, Brazil’s largest private water distribution, collection and treatment company (the “Transaction”). The Transaction includes the core water, wastewater and industrial water treatment businesses of Odebrecht Ambiental.

The Transaction provides for an initial purchase price of US$768 million. It is also anticipated that approximately US$125 million of additional capital will be contributed to the business on or about closing to fund working capital requirements and support the expected growth of the business. Under the terms of the Transaction, a future payment to the seller of up to R$350 million (approximately US$110 million at the current exchange rate) may be added to the purchase price if the business achieves certain performance milestones over the three years following closing.

The Debevoise team is led by partner Maurizio Levi-Minzi, and includes associates Camila Amaral Surcan and Rafael Thor. Tozzini Freire acted as Brazilian counsel.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.