ARTICLE
31 January 2013

Demarest e Almeida Advised Legrand Acquired 51% Of Daneva, With An Option To Take Full Control From April 2014

The acquisition accelerates Legrand's expansion in Brazil, following the acquisition of SMS in 2011, in line with Legrand's strategy of targeted, self-financed acquisitions of small and mid-size companies with leading market positions.
Brazil Corporate/Commercial Law

30 January 2013

DEALS AND TRANSACTIONS

Summary of Transaction

The acquisition accelerates Legrand's expansion in Brazil, following the acquisition of SMS in 2011, in line with Legrand's strategy of targeted, self-financed acquisitions of small and mid-size companies with leading market positions.

The acquisition of Daneva, uncontested leader of the Brazilian market for connection accessories (including extension cords, multi-sockets and adaptors), rounds out Legrand's offering and existing strong positions in Brazil, where the group is already No. 1 in wiring devices, door entry systems, miniature circuit-breakers, industrial enclosures and UPS.

Based near Sao Paulo, Daneva has nearly 500 employees and reported sales of around €28 million in 2011.

Date of closing

January 18 , 2013

All firms Involved

Demarest e Almeida Advogados
Pavesio Advogados Associados

Lawyers acting in transaction

Paulo Rocha (Senior Partner)
Alessandra Vilardi (Partner)

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