Jive Investments sold a 49% stake in select distressed assets for USD25.5m.

(Global Legal Chronicle) Demarest Advised Jive Asset Gestao de Recursos Ltda. and Jive Investments Consultoria S.A. on the transaction

Jive Asset Gestão de Recursos LTDA and Jive Investments Consultoria S.A executed the sale $25.5 million sale of 49% of certain assets owned by 3 receivables investment funds invested by Jive Distressed Fundo de Investimento Multimercado – Crédito Privado (Fund I), all managed by Jive Asset.

The funds are managed by MAF Distribuidora de Títulos e Valores Mobiliários S.A. and administered by Jive Asset, and their first issue shares were subject to a public offering with restricted distribution efforts, in accordance with CVM Instruction 476/09. The Funds were specially structured in order to acquire distressed assets and special situations, as presented by Jive.

Jive is the leading independent investment manager in Brazil, focused on distressed and special situations. 

Demarest advised Jive Asset Gestão de Recursos LTDA and Jive Investments Consultoria S.A. with a team including Thiago Giantomassi (Picture) and João Minetto, Isadora Barretto Almeida and Marcela Venturacci.