Transaction creates the Gateway to Alternative
Asset Management in Latin America,
with US$52 billion in assets under
management
RIO DE
JANEIRO, Oct. 29, 2024 /PRNewswire/ -- Vinci
Partners Investments Ltd. (NASDAQ: VINP) ("Vinci Partners," "we,"
"us," or "our"), the controlling company of a leading alternative
investment platform in Brazil,
announced today that it has completed its previously announced
combination with Compass ("Transaction"), a leading asset manager
and investment advisory firm in Latin
America.
The Transaction creates a full-service Latin
American alternative asset manager, that as of June 2024, had more than US$52 billion in assets under management across
Private Markets, Investment Products and Solutions, Public Equities
and Corporate Advisory segments.
"We are thrilled to announce this groundbreaking
combination with Compass, which marks a transformative new chapter
for our organization," said Alessandro
Horta, Chief Executive Officer of Vinci Partners. "The
combination with Compass allows us to expand our focus beyond
Brazil and into the broader Latin
American market, a region we believe is one of the most compelling
globally for future growth with the increasing penetration of
alternative investments.
Together, we are poised to enhance our service
offering to clients through our position as a comprehensive
full-service player, equipped to serve local and international
clients across the entire product spectrum. With tailored
investment strategies that address local, regional and global
dynamics, we believe we are exceptionally well positioned to
capture the significant opportunities in Latin America and emerge as the leading player
in the region."
"We are excited about the future and the
opportunities that lie ahead with our integration into Vinci's
platform. We have been working on the integration process with the
Vinci team since the signing back in March
2024, and were already able to act on several of the
opportunities identified. We will continue to work together to
further capitalize on those as one combined entity," said Jaime
Martí, Chief Executive Officer of Compass. "As time passed from the
Transaction announcement, it became even more clear that the
cultural alignment and shared long-term vision between our teams
are key drivers to ensure the success of this partnership as we
move forward together."
Goldman Sachs & Co. LLC acted as financial
advisor to Vinci, with Simpson Thacher & Bartlett LLP as
transaction legal counsel and Carey Abogados as Latin American
legal counsel. Morgan Stanley & Co. LLC acted as financial
advisor to Compass, with Skadden, Arps Slate, Meagher & Flom
LLP as transaction legal counsel.
Conference Call and Webcast
Information
Vinci Partners will host a conference call on
November 25, 2024 at 8:00 am (Eastern Time) to further discuss the
Transaction, provide updates on the integration process and the
strategic focus of the combined platforms going forward. A detailed
presentation will be posted on Vinci's IR website and on the SEC
website at www.sec.gov in advance of the conference call.
To access the webcast and presentation please
visit the Events & Presentations' section of the Company's
website at:
www.ir.vincipartners.com/news-and-events/events-and-presentations.
For those unable to listen to the live broadcast, there will be a
webcast replay on the same section of the website.
About Vinci Partners
Vinci Partners is a leading alternative
investment platform in Brazil,
established in 2009. Vinci Partners' business segments include
private equity, public equities, real estate, private credit,
infrastructure, special situations, investment products and
solutions and retirement services, each managed by dedicated
investment teams with an independent investment committee and
decision-making process. We also have a corporate advisory
business, focusing mostly on pre-initial public offering, or
pre-IPO, and merger and acquisition, or M&A, advisory services
for Brazilian middle-market companies.
About Compass
Compass is a leading independent asset management
firm in Latin America, providing
investment advisory to institutional investors, intermediaries,
family offices, and high-net worth individuals. Founded in
New York in 1995, the firm has
over 25 years of experience and a team of more than 300
professionals currently present in seven countries in Latin America, the U.S. and UK. Compass had,
as of June 2024, US$40 billion in assets under management and
advisory and maintains strategic relationships with world renowned
asset managers.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. You can identify these forward-looking
statements by the use of words such as "outlook", "indicator",
"continue", "may", "will", "anticipate," "believe," "could,"
"expect," "should," "plan," "intend," "seek", "predict",
"estimate", "approximate", and "potential," among others, or the
negative version of these words or other comparable words. By their
nature, forward-looking statements are necessarily subject to a
high degree of uncertainty and involve known and unknown risks,
uncertainties, assumptions and other factors because they relate to
events and depend on circumstances that will occur in the future
whether or not outside of our control. Such factors may cause
actual results, performance or developments to differ materially
from those expressed or implied by such forward-looking statements
and there can be no assurance that such forward-looking statements
will prove to be correct. In particular, there can be no assurance
that we will be able to effectively integrate Compass and achieve
the synergies that are currently expected. Accordingly, you
should not place undue reliance on forward-looking statements. The
forward-looking statements included herein speak only as at the
date of this presentation and we do not undertake any obligation to
update these forward-looking statements, whether as a result of new
information, future developments or otherwise, and if we do update
one or more forward-looking statements, no inference should be
drawn that we will make additional updates with respect to those or
other forward-looking statements. Past performance does not
guarantee or predict future performance. Moreover, neither we nor
our affiliates, officers, employees and agents undertake any
obligation to review, update or confirm expectations or estimates
or to release any revisions to any forward-looking statements to
reflect events that occur or circumstances that arise in relation
to the content of the presentation. Further information on
these and other factors that could affect our financial results is
included in filings we have made and will make with the U.S.
Securities and Exchange Commission (the "SEC") from time to time,
including in the section titled "Risk Factors" in our latest
fillings with the SEC, as such factors may be updated from time to
time in our periodic filings with the SEC. These factors should not
be construed as exhaustive and should be read in conjunction with
the other cautionary statements that are included in our periodic
filings. There can be no assurance that the proposed transactions
described in this press release, which are subject to certain
closing conditions, will be completed, nor can there be any
assurance, if the transactions are completed, that any potential
benefits of the transactions will be realized. The description of
the transactions contained herein is only a summary and does not
purport to be complete.
USA Media
Contact
Nick Lamplough /
Kate Thompson / Katie Villany
Joele Frank,
Wilkinson Brimmer Katcher
+1 (212) 355-4449
Brazil Media Contact
Danthi Comunicações
Carla Azevedo
(carla@danthicomunicacoes.com.br)
+55 (21) 3114-0779
Investor Contact
ShareholderRelations@vincipartners.com
NY: +1 (646) 559-8040
RJ: +55 (21) 2159-6240
View original
content:https://www.prnewswire.com/news-releases/vinci-partners-completes-combination-with-compass-302290094.html
SOURCE Vinci Partners Investments Ltd.
