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De Luca Derenusson helps French construction
services company enter Brazil
Friday, 1 May 2015 (3 days ago) by Thomas Muskett-Ford
De Luca, Derenusson, Schuttoff e Azevedo Advogados has helped French rental equipment
company Loxam enter Latin America by acquiring a minority stake in Brazilian counterpart Degraus
Andaimes.
It is thought that Pinheiro Bittencourt Advogados advised Degraus Andaimes for the sale, but this
could not be confirmed prior to publication.
The deal gives Loxam, which supplies equipment to the construction sector, a 25 per cent stake in
the Brazilian company. Degraus Andaimes rents construction vehicles and equipment in the state of
São Paulo and the cities of Rio de Janeiro, Recife, Salvador and Porto Alegre.
The deal closed on 14 April.
Brazil’s construction sector and related services is expected to undergo widespread consolidation
as Brazil’s poor GDP growth curbs demand and major projects are put on hold amid wide-reaching
anti-corruption investigations. Despite the current outlook, Loxam believes the sector will rebound in
the long-term and plans to expand local operations by 2020. The Brazilian market is also becoming
an increasingly attractive prospect for foreign acquisitions as the real’s value falls.
Counsel to Loxam
De Luca, Derenusson, Schuttoff e Azevedo Advogados
Partners João Claudio De Luca Junior and Guilherme Filardi, and associates Rodrigo Kencis, Willi
Künzli, Ettore Botteselli and Stefania Martignago