Debevoise Advised Brookfield in Its Acquisition of Ouro Verde

9 July 2019

Debevoise & Plimpton LLP advised Brookfield Business Partners LP (NYSE:BBU) (TSX:BBU.UN) and its affiliates (collectively, “Brookfield”) in its acquisition of Ouro Verde Locação e Seviços S.A. (“Ouro Verde”), a leading Brazilian heavy equipment and light vehicle management company.

As part of the closing arrangements, Brookfield sponsored a recapitalization in which Ouro Verde received R$500 million ($131 million) to strengthen the company's balance sheet and support its growth strategy. Brookfield and Ouro Verde originally entered into a transaction in 2018 for Brookfield to acquire a 55% controlling interest in the company, an arrangement which was significantly modified into a new agreement under which Brookfield acquired all of the equity in Ouro Verde.

Brookfield Business Partners is a business services and industrials company focused on owning and operating high-quality businesses that benefit from barriers to entry and/or low production costs.

The Debevoise team was led by partners Maurizio Levi-Minzi and Peter A. Furci and included associates Rafael Thor and Carolina de Barros.

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.