PLMJ advises on purchase of Piedade group capital by French company Oeneo

PLMJ advised Fundo de Reestruturação Empresarial on the sale of the 60% stake it held in Piedade S.A. group to Oeneo. The deal also included Oeneo’s acquisition of 40% of the shares held by the Piedade family in Piedade S.A.

Duarte Schmidt Lino, the partner who heads PLMJ’s private equity practice, headed a team that also included Eduardo Sáragga Leal, Jorge Serrote and Manuel Sequeira. One year ago, PLMJ took the decision to create an independent team specialising in private equity and M&A work as part of PLMJ’s policy to increase specialisation and in response to a growing volume of M&A, private equity and complex privatisation work. Over recent years, PLMJ’s private equity team has advised on numerous important deals including Oxy Capital, HIG Capital, TPI International and BluePipeline. The team also handled the acquisition of EFACEC Power Solution by Isabel dos Santos’ group.