January 22, 2020
Nelson Mullins’ Latin America Venture Capital team led by corporate partner Jackson Hwu recently represented Decorati Building Tech and its founders in a transaction involving the sale of Decorati’s control to Loft Holdings. Hwu also represented Decorati in their seed financing round in 2018 led by Canary Fund. The deal value was not disclosed.
The Nelson Mullins team included Leandro Molina and Caio Prado. As lead transaction counsel for Decorati in the U.S., Nelson Mullins worked with Brazilian law firm Veirano and the Cayman Islands law firm Carey Olsen. Loft was represented by Brazilian law firm Ulhoa Canto. The transaction was structured as a Series A financing round combined with a share exchange and involved a corporate “flip” from Delaware to the Cayman Islands, conversion of convertible notes, and secondary sales of equity interests from angel and seed investors.
Decorati is a construction company that specializes in the renovation of new apartments. The founders of Decorati (Rafael Pais and Murillo Morale) continue to be actively involved in the business under Loft’s control. Loft buys, renovates, and resells luxury apartments in São Paulo and now holds a 51.5% equity interest in Decorati. Loft recently closed their US$175 Million Series C round led by Andreessen Horowitz and Vulcan Capital.
Nelson Mullins’ Latin America Practice represents clients in connection with a wide variety of corporate and financing transactions throughout Latin America, Brazil and the Caribbean region. The LatAm VC Team, consisting of fluent Spanish- and Portuguese-speaking lawyers with cross-border experience, collaborates with clients to achieve their business goals and commercial or financing objectives. Led by corporate partner Jackson Hwu in Miami, the team represents technology companies from Latin America (especially Brazil), investors and funds in venture capital financing rounds, corporate law, joint ventures, international expansions into the US and other markets, and mergers & acquisitions. Nelson Mullins is a national firm with more than 800 lawyers and 25 offices in the United States. Its VC Practice has been ranked #12 for most active global law firms in VC deals, #10 for US VC deals, #2 for VC deals in the Southeast US, #15 for early-stage VC deals and #12 for late-stage VC deals, according to Pitchbook’s Global League Tables Q2 2019 Rakings.
Established in 1897, Nelson Mullins has more than 800 attorneys and government relations professionals with 25 offices in 11 states and Washington, DC. For more information on the firm, go to www.nelsonmullins.com.
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