The debt restructuring of Maquina de Vendas Group involves approximately R$3billion (approximately US$730 million) and is considered to be Brazil’s largest ever debt restructuring by a retailer.
Starboard’s investment, in the amount of R$250 million (approximately US$61 million), will play a fundamental role in the debt restructuring of Maquina de Vendas Group. The investment, which is subject to the fulfilment of certain conditions, will represent a 72.5% stake in Maquina de Vendas.
Campos Mello worked on the due diligence of Maquina de Vendas Group, as well as the negotiation of the restructuring and preparation of the investment documents.
The Campos Mello team was led by Partner Marcus Bitencourt and included partners Marcelo Araujo Pereira and Leandro Rinaldi, and associate Camila Caetano Cardoso.