Veirano Advogados and Pinheiro Neto Advogados are advising the Canada Pension Plan Investment Board and Singapore Investment Corporation in the acquisition in acquisition of combined 66% stake in a São Paulo shopping mall from Aliansce.
Canada Pension Plan Investment Board is a state owned pension fund sponsor. The firm invests in the public and private markets across Canada. It invests in the public equity, fixed income, and alternative markets of Canada. The firm also invests in private equity, real estate and infrastructure projects, and energy and natural resources.
GIC Pte. Ltd formerly known as Government of Singapore Investment Corporation Pte Ltd., is a sovereign wealth fund of the Government of Singapore. The firm manages foreign exchange reserves of the Government of Singapore. Government of Singapore Investment Corporation was founded in 1981 and is based in Singapore with additional across Asia, North America, South America, and Europe.
Canada Pension Plan Investment Board, advised by Pinheiro Neto, and Singapore Investment Corporation, counselled by Veirano, will buy 50 per cent of Santana Parque from São Paulo-based operator General Shopping, for around US$67 million. At the same time they will buy an additional 16 per cent stake from the mall's other owner, Rio de Janeiro-based mall operator Aliansce, for US$22 million – leaving CPPIB, GIC and Aliansce each with a one-third share.
Pinheiro Neto Advogados advised Canada Pension Plan with Alexandre Bertoldi, Sofia Toledo Piza and Martina Zajakoff.
Ulhôa Canto, Rezende e Guerra Advogados advises Aliansce with Marcelo Maria Santos, Aloysio Miranda, and Pedro Chueiri.
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