M&A Deal Summary

Ipiranga Produtos de Petróleo S.A. Acquires AleSat Combustíveis S.A.

On June 13, 2016, Ipiranga Produtos de Petróleo S.A. acquired energy services and equipment company AleSat Combustíveis S.A. from Darby Overseas Investments for 610M USD

Acquisition Highlights
  • This is Ipiranga Produtos de Petróleo S.A.’s 1st transaction in the Energy Services and Equipment sector.
  • This is Ipiranga Produtos de Petróleo S.A.’s largest (disclosed) transaction.
  • This is Ipiranga Produtos de Petróleo S.A.’s 1st transaction in Brazil.

M&A Deal Summary
Date 2016-06-13
Target AleSat Combustíveis S.A.
Sector Energy Services and Equipment
Buyer(s) Ipiranga Produtos de Petróleo S.A.
Sellers(s) Darby Overseas Investments
Deal Type Add-on Acquisition
Deal Value 610M USD

Target

AleSat Combustíveis S.A.

Natal, Brazil
AleSat Combustíveis S.A. is a distributor of fuel with 20 years of history. ALE distributes fuels through a network of approximately 2,000 gasoline stations and 270 convenience stores. In 2015, ALE sold 4.3 million cubic meters of diesel, gasoline, ethanol and CNG.

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Buyer(S) 1

Buyer

Ipiranga Produtos de Petróleo S.A.

Rio de Janeiro, Brazil
Category Company
Founded 1937
Sector Energy Services and Equipment
DESCRIPTION

Ipiranga, founded in 1937, is the largest private player in the Brazilian fuel distribution market, with nationwide coverage and a network of approximately 7.1 thousand service stations. Fuels distributed by Ipiranga comprise diesel, gasoline, ethanol, natural gas for vehicles (NGV), fuel oil and kerosene, besides lubricants. Through a differentiated relationship with its resellers, Ipiranga offers complementary products and services in the retail market.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Brazil) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Darby Overseas Investments

Washington, District of Columbia, United States

Investor

Category Private Equity Firm
Founded 1994
Size Large
Type Sector Agnostic
DESCRIPTION

Darby Overseas Investments is an emerging markets investment firm that sponsors and manages private equity, mezzanine finance, and fixed-income funds for institutional investors and high-net-worth individuals. Darby targets investments in Latin/South America, Asia, and Europe. Sectors of interest include consumer products, specialty retail, distribution, packaging, hotel management, energy, financial services, media and publishing. Darby was formed in 1994 and is based in Washington DC.

DEAL STATS #
Overall 9 of 10
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 4 of 5
Country (Brazil) 2 of 2
Year (2016) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-20 Fifor Polska Sp. z o.o.

Sokolów, Poland

Fifor Polska Sp. z o.o. is a dedicated Polish private label manufacturer of salty snacks (mainly potato chips and cornmeal snacks).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-12 Biopas

Bogotá, Colombia

Biopas is an independent marketing and distribution company serving international biopharmaceutical firms that focuses on carving out strong market positions for exclusive products. Biopas was founded in 2002 and is based in Bogotá, Colombia.

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Mergr

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