Vinci Partners and P2 Brasil to Buy CBO and Estaleiro Aliança (Latin America)

Source: Valor International

Brazil-focused alternative investment and asset management firm Vinci Partners and P2 Brasil, a partnership of Pátria Investimentos and Promon, have signed a deal to buy Brazil-based offshore shipping company Companhia Brasileira de Offshore (CBO) and shipyard Estaleiro Aliança, both previously controlled by Fischer group, a multinational Brazilian company involved in the logistical operation of support vessels to maritime petroleum platforms. The transaction is reportedly worth BRL500 million (approximately US$229.6 million). Vinci Partners and P2 Brasil intend to combine CBO, Aliança and Oceana, a shipyard controlled by P2 Brasil and Brazilian development bank BNDESpar.