XP acquisition of a minority stake in Jive Investments
Davis Polk advised XP Inc. on its acquisition of a minority stake in Jive Investments Consultoria S.A. Upon closing of the transaction, Jive stockholders received Class A common shares of XP Inc. in exchange for certain shares of Jive Investments, pursuant to an exemption from registration under Regulation S.
Jive is the largest independent alternative investment manager in Brazil, offering credit recovery, real estate and other distressed asset strategies. Jive manages approximately R$8 billion in assets, R$21 billion in face value with more than 1,300 investors in Brazil and abroad. The partnership allows Jive to originate and distribute assets directly or through approximately 9,000 IFAs plugged into XP's network.
The Davis Polk corporate team included partner Byron B. Rooney and associate Hugo Casella. Members of the Davis Polk team are based in the New York and São Paulo offices.