BGL Announces M&A Transaction in Logistics

Sao Paulo | Brown Gibbons Lang & Company (BGL), a leading independent middle market investment bank, together with its Brazilian partner, are pleased to announce the acquisition of the remaining 50 percent equity stake in Tecondi Terminal Para Contêineres Da Margem Direita S/A (Tecondi Group) by Formitex Empreendimentos e Participações Ltda (Grupo Formitex), in a transaction valued at $614 million. The Barbeito Group sold its equity interest to Formitex which is now the sole shareholder.

Founded in 2000 and based in Santos, Brazil, Tecondi Group operates the third-largest container terminal in Brazil’s Port of Santos. Tecondi engages in port operations which includes the loading and unloading of containers and general cargo and import and export storage services.

Sao Paulo, Brazil-based Grupo Formitex has diversified operations in paper, laminate, chemical, infrastructure, and logistics businesses. The company exports its products to countries in Europe, Asia, the Middle East, North America, South America, and Central America.

About Brown Gibbons Lang & Company

Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers & acquisitions advisory services, debt & equity placements, financial restructuring advice, and valuations & financial opinions, with global industry teams in healthcare, consumer, business services, basic industrials, and real estate. BGL has offices in Chicago, Cleveland and Salt Lake City, and Global M&A partner offices in more than 40 countries across 5 continents, which allows us to deliver our clients unparalleled access to corporations, investors, and opportunities globally. For more information, visit www.bglco.com.