Paul Hastings advised Fosun Group (“Fosun”), China’s largest private-owned conglomerate, in its acquisition of Brazilian brokerage and wealth management firm Guide Investimentos.
This marks Fosun’s third major acquisition in Brazil. Founded over 50 years ago, Guide Investimentos is a subsidiary of the Brazilian bank Banco Indusval. Banco Indusval, a Brazilian commercial bank, will retain up to a 20% stake in Guide Investimentos. The acquisition responds to Fosun’s strategy of investing and building operations in emerging markets, especially in Latin America.
Fosun International Limited operates diversified businesses. The firm, led by Guo Guangchang, Wang Qunbin and Chen Qi-Yu, in 2017 recorded $10.98 Billion Revenues.
Paul Hastings worked together with Brazilian law firm Costa e Tavares Paes Advogados to advise Fosun.
The multi-jurisdictional Paul Hastings team was led by Shanghai based partners Jia Yan (Picture) and David Wang, and Sao Paulo based partner Roberta Bassegio, with support from associate Stancy Qian.
Law Firms: Paul Hastings;
Clients: Fosun International Limited;