Vinci Partners completes Acqui – GuruFocus.com

RIO DE JANEIRO, Brazil, Aug. 16, 2022 (GLOBE NEWSWIRE) — Vinci Partners Investments Ltd. (NASDAQ:VINP) (“Vinci Partners”, “Vinci”, “we”, “us” or “our”), the controlling company of a leading alternative investment platform in Brazil, announced today having completed the previously announced acquisition of SPS Capital (“SPS”, “Team”), a leading independent alternative asset manager focused on the special situations segment in Brazil.

Following the closing, Vinci will add around 2.0 billion reais of assets under management, spread over three vintages in the SPS flagship strategy.

“We are delighted to announce the closing of the acquisition of SPS Capital,” said Alessandro Horta, CEO of Vinci Partners. “SPS will enrich Vinci’s product offering, adding a new strategy in which we do not currently operate. We believe that the combination of Vinci’s distribution capabilities with the team’s extensive experience and track record in the special situations sector presents a key opportunity in fundraising for future vintages and complementary products.

Overview of transactions

The acquisition of SPS Capital strengthens the quality, stability and visibility of Vinci’s FRE for future results and enriches the composition of distributable profit, due to the recurring and high-visibility nature of SPS’s income stream, coming from long-term locked-in funds and a typical private market fee structure.

We expect a near-term low-to-mid-single digit increase in distributable earnings per share with the transaction, with a high-single-digit increase in the mid-term as current funds are deployed and a new flagship vintage is released. spear.

The transaction, which was announced on July 28, 2022, closed today and features an initial cash component, with additional consideration in Class A common stock of VINP through an earnout structure at pay in 2027, up to a maximum number of 1.7 million shares. , subject to the achievement of certain fundraising targets and additional management fee income.

About Vinci Partners

Vinci Partners is a leading alternative investment platform in Brazil, established in 2009. Vinci Partners’ business segments include private equity, public equity, real estate, credit, infrastructure, hedge funds and investment products and solutions, each managed by dedicated investment teams with an independent investment committee and decision-making process. We also have a financial advisory business, focusing primarily on pre-initial public offerings, or pre-IPOs, and mergers and acquisitions, or M&A, advisory services for Brazilian middle-market companies.

About SPS Capital

SPS Capital is a leading independent asset manager in Brazil, established in 2017. SPS Capital operates with an all-weather approach, with exposure to assets at different stages of the economic cycle and sectors, across five different strategies , including secondary market funding, legal claims, litigation funding and credit platforms. The flagship strategy contains three vintages and represents R$2.0 billion in assets under management.

Forward-looking statements

This press release contains forward-looking statements which can be identified by the use of words such as “anticipate”, “believe”, “could”, “expect”, “should”, “plan”, “have the ‘intent to’, ‘estimate’ and ‘potential’, among others. 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 occur in the future, whether or not outside our control. These 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 accurate. The forward-looking statements included herein speak only as of the date of this press release and we undertake no obligation to update such forward-looking statements. Past performance does not guarantee or predict future performance. Further, neither we nor our affiliates, officers, employees and agents undertake any obligation to review, update or confirm expectations or estimates or to issue revisions to any forward-looking statements to reflect events that occur or circumstances that arise in connection with the content. of this press release. Further information about these and other factors that could affect our financial results is included in the documents we have filed and will file with the United States Securities and Exchange Commission from time to time.

Contact with the media in the United States

Nick Lamplough / Kate Thompson / Katie Villany

Joele Frank, Wilkinson Brimmer Katcher

+1 (212) 355-4449

Media Contact Brazil

Danthi Communications

Carla Azevedo ([email protected])

+55 (21) 3114-0779

Contact Investor

[email protected]

NY: +1 (646) 559-8040

RJ: +55 (21) 2159-6240

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