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Announced

10 May 2023

Cardif Group to acquire the remaining stake in LuizaSeg Seguros from Magazine Luiza for $203m.

Synopsis

Cardif Group, an international insurance company, agreed to acquire the remaining stake in LuizaSeg Seguros, a insurance solutions provider, from Magazine Luiza, a Brazilian retail company, for $203m.

Principals

target

Luizaseg Seguros

bidder

Cardif Group

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Market Context

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Seller Team (1)

paulo cesar murari

General Director at LUIZASEG SEGUROS

Manager

target

Deal

£ 161 M

Total Value

Bidder Team (8)

gustavo allegretti barreiros

Lawyer at Machado Meyer Sendacz e Opice Advogados

Lawyer

bidder

Deal

£ 161 M

Total Value

renaud dumora

CEO at CARDIF GROUP

Manager

bidder

Deals

£ 498 M

Total Value

maria eugenia novis

Partner at Machado Meyer Sendacz e Opice Advogados

Lawyer

bidder

Deals

£ 26.50 B

Total Value

guilherme bueno malouf

Partner at Machado Meyer Sendacz e Opice Advogados

Lawyer

bidder

Deals

£ 1.51 B

Total Value

daniel monteiro peixoto

Partner at Machado Meyer Sendacz e Opice Advogados

Lawyer

bidder

Deal

£ 161 M

Total Value

eduardo castro

Partner at Machado Meyer Sendacz e Opice Advogados

Lawyer

bidder

Deals

£ 288 M

Total Value

fernanda sa freire figlioulo

Partner at Machado Meyer Sendacz e Opice Advogados

Lawyer

bidder

Deals

£ 161 M

Total Value

carlo verri

Lawyer at Machado Meyer Sendacz e Opice Advogados

Lawyer

bidder

Deal

£ 161 M

Total Value

Vendor Team (1)

frederico trajano inacio rodrigues

CEO at MAGAZINE LUIZA

Manager

vendor

Deals

£ 202 M

Total Value

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