Beccar Varela and Arap, Nishi & Uyeda advised 123Seguro on the deal, while Barcellos Tucunduva Advogados advised Fabio de Oliveira Pinto.
123Seguro LLC completed the acquisition of a 100% stake in the Brazilian company SCV Corretora de Seguros LTDA (“Seguro Com Você”) from Fabio de Oliveira Pinto, expanding its business to Brazil. The agreement was signed on December 31, 2020.
123Seguro is a recognized Argentine insurtech with 10 years of experience in the insurance sector, which leads its segment in Argentina, Colombia and Chile.
Based in the city of São Paulo, SCV Corretora de Seguros LTDA (known as Seguro Com Você) combines experience as an insurance broker with technological tools, handling agreements with 13 insurers in Brazil.
With this acquisition, 123Seguro consolidates its position as the insurtech with the greatest projection in Latin America, expanding its offer of life, commercial and automobile insurance.
Beccar Varela advised 123Seguro with a team led by partner Alejandro Poletto (Picture), assisted by counsel Eugenia Radaelli and associate Victoria Hugo.
In Brazil, Arap, Nishi & Uyeda advised 123Seguro with partners Sami Arap Sobrinho and Guilherme La Gamba Pajoli.
Involved fees earner: Sami Arap Sobrinho – Arap Nishi & Uyeda Advogados; Guilherme La Gamba Pajoli – Arap Nishi & Uyeda Advogados; Victoria Hugo – Beccar Varela; Alejandro Poletto – Beccar Varela; Eugenia Radaelli – Beccar Varela;