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New Deal


Announced

Votorantim and Itausa to acquire an additional 15% stake in CCR for $855m.

Financials

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Transaction Value£649m
Consideration TypeCash
Capital Owned6%
Capital Bid For15%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Toll Roads

toll road company

Brazil

Pending

Private Equity

Single Bidder

Minority

Domestic

Friendly

Public

Synopsis

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Votorantim, a permanently capitalized investment holding company, and Itausa, a Brazilian multinational conglomerate, agreed to acquire an additional 15% stake in CCR, a transportation company with interests in private interstate highway concessions, airport operations, metro system in Brazil and other countries, for $855m. Votorantim already owns 5.8% of CCR and after acquiring the 14.86% stake owned by Andrade Gutierrez will split the combined stake with Itausa. Each group will end up owning 10.3% of CCR.

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