Acquisition of a minority stake in Ademicon by 23S Capital
Olimpia Partners advised on this M&A (buy-side) transaction involving 23S, in the Financial Services sector. Deal value: Confidential.
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23S
Financial Services · M&A (buy-side) · Confidential
Case Study
• In February 2023, 23S Capital completed the acquisition of a minority stake in Ademicon, which already has the presence of the private equity fund Treecorp
– The entry of 23S Capital strengthens Ademicon's governance and expansion agenda, combining the long-term investment expertise and governance best practices knowledge of the new partner with the company's 30+ year trajectory
– 23S Capital's investment in Ademicon was driven by the company's accelerated growth and positive results in the consortium segment, where it holds a leading position and competitive advantages in a high-growth potential sector. Furthermore, Ademicon's services contribute to democratizing the financial sector by enabling greater access to high-ticket products such as real estate and vehicles
• Ademicon was the first investment of a newly launched fund with a capital of R$3.6 billion, created through the strategic partnership between Votorantim and Temasek (a global investor headquartered in Singapore) with the aim of investing in high-growth companies in Brazil
• Ademicon was established in 1991 and ranks among the top five companies in the active credit segment, including banks. In 2022, it traded R$12 billion in credits, a 46% increase compared to the previous year and over the last five years, the company has experienced approximately 40% growth, nearly double the market average
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