- Fund managed by Macquarie Asset Management to acquire 100% stake in Brazil toll road portfolio platform
- Acquisition to expand Macquarie Asset Management's existing infrastructure footprint in Latin America
Monte Capital Management, a Brazilian private equity manager focused on real assets, entered today into an agreement through one of its managed funds with Macquarie Infrastructure Partners VI, an investment vehicle managed by Macquarie Asset Management (MAM), for the sale of a 100 per cent stake in the Monte Rodovias S.A platform ("The Platform"). The Platform is comprised of the concessionaires for four toll roads in NE Brazil and a toll road in the central Brazilian agricultural state of Mato Grosso.
Under the terms of the agreement executed today, MAM will acquire a diversified set of five toll roads across three states totalling 740 km (460 miles). The existing roads connect the 4th largest city in Brazil with its main airport, one of the largest industrial complexes in the country and popular residential and tourist regions and include Bahia Norte (CBN) and Litoral Norte (CLN), in Bahia, and Rota do Atlântico (CRA) and Rota dos Coqueiros (CRC), in Pernambuco. In addition, the Platform includes a 30-year concession for a 344 km road in Mato Grosso, a central agricultural state in Brazil. The terms of the agreement were not disclosed.
"Monte Rodovias is deeply committed to the sustainable development of Brazil - in regions like the Northeast, where efficient service drives local economic growth and social development, and in the Center-West, where quality infrastructure helps the country's food belt supply the global economy. We are proud to be a platform that generates value for our granting authorities, our investors, and the communities we serve - ensuring operational excellence, continuous investment, and sustainable growth," said Fabio Bonini, CEO of Monte Rodovias.
"Today's announcement is another demonstration of our commitment to generate positive long-term outcomes for our clients, portfolio companies and communities," said Fernando Lohmann, Brazil Country Lead for Macquarie Asset Management. "We remain dedicated to strengthening Brazil's critical infrastructure through the acquisition of Monte Rodovias and other investments in the future."
The acquisition will increase Macquarie Asset Management's portfolio of transportation infrastructure in Brazil and Latin America. Current investments include Corredor Logística e Infraestrutura (CLI) in Brazil, Supervia Poniente in Mexico and the Odinsa Transport Platform in Colombia and Ecuador. Macquarie Asset Management also has investments in the waste management, green energy and data centre sectors in Brazil. Operating since 1999 in Brazil, Macquarie is committed to driving long-term growth, sustainable development and social impact as we continue to build specialist expertise across all our businesses in the country.
"Infrastructure represents a once-in-a-generation investment opportunity in particular in Emerging Markets, where it drives job creation, enhances security, and boosts productivity. With a specialized platform strategy, Monte has committed early to the toll road sector in the Northeast of Brazil, building Monte Rodovias S.A. into the largest operator of state-level concessions in partnership with respected granting authorities. Our track record in proprietary origination, operational transformation, local community partnership and value-creation have been fundamental to this journey," said Julio Zogbi, Founder of Monte Capital Management.
The deal between Macquarie Asset Management and Monte Capital Management is set to close during the 2S2025, subject to the customary closing conditions.
About Monte Capital Management
Committed to Brazil's long term sustainable development, Monte is a Brazilian private equity fund manager fully owned by employees in a partnership. With investments in roads, water and airports it employs more than 4,000 people and benefits more than a 100 million clients.
With a strong culture and an 11-year track record in proprietary origination as well as operational and financial improvements, Monte will continue to invest in niche opportunities that create value for all stakeholders and provide a bridge for global investors to work in Brazil.
