Sale of SulAmérica Capitalization Portfolio to Icatu
Olimpia Partners advised on this M&A (sell-side) transaction involving SulAmérica and Icatu, in the Insurance sector. Deal value: Confidential.
Exclusive financial advisor to SulAmérica on the sale of its capitalization portfolio.
SulAmérica & Icatu
Insurance · M&A (sell-side) · Confidential
Case Study
• Sul América S.A. has agreed to sell 100% of its saving bonds portfolio to Icatu for R$100 million with the possibility of an earn-out of up to R$83 million
– The sale is part of SulAmérica’s goal to focus on segments where the Company has competitive advantages and that present higher growth potential
• SulAmérica is the largest independent insurer in Brazil with over R$20 billion in revenues
– Sulacap operates the second largest independent savings bonds operation, being the leader and pioneer of the rent guarantee market
– In 2018, the saving bonds portfolio had R$737 million in collections
Transactions