BY LAURA TESTA
TozziniFreire Advogados represented Blue Like an Orange Sustainable Fund SICAV-SIF SCS, while Bronstein, Zilberberg, Chueiri & Potenza Advogados and Maples Group represented Tembici in the transaction.
Blue like an Orange Sustainable Capital Fund executed a USD 10 million equity investment in Tembici to foster expansion of micromobility in Latin America. The investment provided by Blue like an Orange Sustainable Capital aims to support Tembici’s growth, allowing the Company to increase the number of bikes, e-bikes and enter new cities and countries in Latin America.
Tembici is a leader in technology for micromobility in Latin America, with its headquarter in Cayman Islands, focused on docked bike-sharing systems. Founded in 2010, the Company currently operates a fleet of 15k bikes across 12 cities in Brazil, Chile, and Argentina, offering an affordable and clean transportation alternative to the population, with a current coverage of more than 3 million users.
Blue like an Orange Sustainable Capital seeks opportunities to lend to companies and projects that deliver both strong risk-adjusted returns and positive social impact in support of the UN’s Sustainable Development Goals.
The TozziniFreire Advogados team included Alexei Bonamin (Partner; Picture), Bianca Peuker (Associate), Leonardo Braghetto (Associate).
The Bronstein, Zilberberg, Chueiri & Potenza Advogados team included Pedro Chueiri (Partner) and Vivian Rudge (Partner).
Involved fees earner: Pedro Chueiri – Bronstein, Zilberberg, Chueiri & Potenza Advogados; Vivian Rudge –Bronstein, Zilberberg, Chueiri & Potenza Advogados; Alexei Bonamin – TozziniFreire ; Leonardo Medeiros Braghetto – TozziniFreire ; Bianca Peuker – TozziniFreire ;
Law Firms: Bronstein, Zilberberg, Chueiri & Potenza Advogados; TozziniFreire ; Clients: Blue Like an Orange Sustainable Fund SICAV-SIF SCS ; Tembici;
