Macquarie, IG4 sell Brazil logistics stake to AD Ports for $835M

Key facts

• Macquarie Asset Management and IG4 Capital agreed to sell a controlling stake in CLI to AD Ports Group.
• The transaction value is $835 million.
• CLI is a Brazilian agri-bulk port terminal operator.
• The deal aims to establish new trade routes linking Brazil with Khalifa Port and Abu Dhabi Food Hub.
• CLI's management will remain unchanged post-acquisition.
• The transaction is subject to regulatory and antitrust approvals.

Macquarie Asset Management and IG4 Capital have agreed to sell a controlling stake in the Brazilian logistics and infrastructure company Corredor Logística e Infraestrutura S.A. (CLI) to AD Ports Group for $835 million. This strategic acquisition by AD Ports is expected to facilitate the creation of new trade routes that will link Brazil directly with Khalifa Port and the Abu Dhabi Food Hub. CLI, a leading Brazilian sugar export terminal operator and a key export terminal for corn and soybean, will see its management, including CEO Gabriel Motta, remain unchanged. The deal, which is AD Ports' largest ever purchase, is subject to regulatory and antitrust approvals. Macquarie Asset Management, through its Macquarie Infrastructure Partners V fund, and IG4 Capital, through its Private Equity Fund II, are the sellers. Fernando Lohmann, head of Macquarie Asset Management in Brazil, stated Macquarie's continued commitment as a long-term investor in Brazil's essential infrastructure.