On the last day of July, after approval from the antitrust agency and the signing of the contracts, the acquisition of SecuriCenter – one of the largest distributors of equipment and solutions for the electronic security segment in the country – by Positivo Tecnologia was finalized. Positivo Tecnologia is a publicly-traded company listed on the New Market of B3 (Brazilian Stock Exchange) and regulated by CVM (Securities and Exchange Commission of Brazil), and it’s one of Brazil’s largest developers and manufacturers of hardware-based technology. All legal due diligence and negotiation of the contract and closing terms were carried out by Martinelli Advogados, who represented the buying party.
This was yet another successful M&A (Mergers and Acquisitions) operation carried out by Martinelli, one of the largest law firms in the country. “We provided all the necessary legal support to Positivo Tecnologia for a secure operation, conducting audits, checking contingencies, and drafting the legal instruments for the formalization of the contracts,” says lawyer Guilherme Gama de Oliveira, a specialist in corporate law and M&A, who led Martinelli’s team on the operation.
The acquisition, the value of which is included in the estimated investments of R$ 40 million announced by Positivo Tecnologia on the last 13th of June, intensifies the entry into the electronic automation and security segment, in addition to reinforcing the company’s intention to establish itself as a relevant player in this market.
To ensure that the legal procedures of the negotiation had all the necessary legal security for an operation of such size, the professionals from Martinelli were involved from the very beginning of the process, advising the buyer.
The guidance from Martinelli was extremely important for the successful completion of a secure and meticulous operation in all legal aspects and within the timetable. It allowed us to acquire a company with a significant presence in the segment of automation and electronic security solutions in the cities of São Paulo and Recife,” says Anderson Prehs, Corporate Legal Director, and Compliance at Positivo Tecnologia.
Martinelli Advogados’s involvement in the M&A area encompasses services such as Due Diligence, legal audits, tax planning, analysis, and definition of the legal structure of operations, and drafting of the necessary instruments for their completion, including purchase and sale contracts, ancillary contracts to the operation, corporate acts, amendments to the articles of association, and others, as well as dealings with regulatory agencies. In addition to the involvement of lawyer Guilherme Gama de Oliveira, the conduct of the operation’s proceedings was also supported by lawyer Aleff Davantel Ribeiro da Silva, also from Martinelli.
About Martinelli Advogados
Martinelli Advogados is a full-solution law firm focused on corporate law, which also operates with a strong emphasis in Legal, Tax, Fiscal, and Corporate Financial consulting. Founded in 1997 in Joinville, Santa Catarina, the firm quickly evolved from a small office to one of the top 10 most admired law firms in Brazil. Today, it employs more than 900 professionals, operating in its own units in some of Brazil’s major cities, including São Paulo, Ribeirão Preto, and Campinas (SP); Rio de Janeiro (RJ); Brasília (DF); Belo Horizonte (MG); Curitiba, Maringá, and Cascavel (PR); Porto Alegre, Caxias do Sul, and Passo Fundo (RS); Joinville, Florianópolis, Criciúma, and Chapecó (SC); and Sinop (MT).