Swiss Givaudan Teams-up with Nanovetores of Brazil

Givaudan do Brazil acquired 47% non-voting stock in tech innovator Nanovetores do Brasil

Givaudan teams-up with Nanovetores through the acquisition by its subsidiary Givaudan do Brasil of 4,585 preferred shares held by Criatec in the capital stock of Nanovetores, representing 47% of the capital stock of Nanovetores.

The transaction reinforces Givaudan’s presence in Brazil, a manufacturer of aromas, fragrances and active cosmetic ingredients, which represents a synergy of nanotechnology solutions for the cosmetic industry, and points out to the business success of an innovative company such as Nanovetores.

The deal is subject to the antitrust approval of the Brazilian Competition Authority (CADE).

Givaudan do Brasil is the Brazilian subsidiary of Swiss multinational manufacturer of flavours, fragrances and active cosmetic ingredients Givaudan. As of 2008, it is the world’s largest company in the flavor and fragrance industries.

Nanovetores, founded by Ricardo Henrique Ramos and Betina Giehl Zanetti Ramos, develops nano and micro encapsulated active ingredients.

As Givaudan teams-up with Nanovetores the Swiss conglomerate will acquire knowledge of key technology for future development of its products.

The Esquires and The Firms Behind the Deal

TozziniFreire Advogados advised Nanovetores Tecnologia S.A. with a team led by partners João Busin and Fernando Silveira Carvalho and associates Bárbara Neri Marques and Luis Felipe Bueno Sima.

Demarest Advogados advised Givaudan do Brasil Ltda. and counted with the partner Andre Alarcon and associates Camila Smith and Beatriz Nogueira Buchaim.