Advisor to JJ Martins Group’s judicial recovery plan and creditor restructuring
Exclusive financial advisor to JJ Martins Group
May 2015• In May 2015, JJ Martins Group received initial approval of its judicial recovery plan and creditor restructuring
– At its peak, the JJ Martins Group had market share of 13% in the Metropolitan area of Rio de Janeiro
• Olimpia Partners acted as adviser to JJ Martins Group to structure and negotiate its judicial recovery plan, including:
– Model and evaluate the financial feasibility of the plan
– Assisted the management on negotiations with creditors
– Worked together with legal council on negotiation and documentation
• Summary of the plan:
– Total Indebtedness of R$406,5 million
– Creditors will be paid with resources from JJ Martins Group operating cash flow and from the sale of properties which were valued at R$137.6 million
• JJ Martins Group is one of the largest automotive retailers in the Rio de Janeiro Metropolitan area with significant assets in real estate enterprises
– JJ Martins Group has Chevrolet, Renault, Kia and Ford automobile dealerships
– R$427 million in revenues and 8 thousand vehicles sold in 2015
– The group has also been extensively involved in residential real estate development in the city of Rio de Janeiro