Vinci made a purchase, acquiring local cosmetics company Farmax.
Farmax and its stakeholders relied on Azevedo Sette Advogados. The deal closed on 23 September. No value was disclosed.
The transaction hands Vinci Partners a 100% stake in Farmax. With the acquisition, the company aims to expand its investment portfolio while accelerating Farmax’s growth in the cosmetics sector.
Farmax is a Brazilian company with more than 40 years of experience manufacturing beauty and personal care products. The business operates nationwide and has over 450 items in its catalogue of products, including soaps, body creams, essential oils and makeup removers.
Counsel to Farmax: Fernando Azevedo Sette and Roberto Ribas Wilson, and associate Ana Carolina Veloso Ferreira