CSN Steel Expands Portuguese Footprint with GramPerfil Acquisition
Deal News | Mar 28, 2025 | Iberian Lawyer
In recent developments, the law firm PLMJ has provided legal counsel on three significant M&A transactions encompassing operations in Portugal, France, and Brazil. The transactions include CSN Steel's acquisition of GramPerfil, marking an expansion into the Portuguese market with a company that exports 70% of its production. This deal, managed by PLMJ's Diogo Perestrelo and his team, enhances CSN's operations in Europe. Additionally, PLMJ was instrumental in Ardian's acquisition of Akuo, furthering the private equity's commitment to renewable energy. This acquisition underlines Ardians ongoing strategy to lead in energy transition initiatives. Furthermore, PLMJ advised Ascendi in the sale of Via Verde to Brisa, although detailed specifics of this deal were not provided. PLMJ's involvement included negotiations, regulatory approvals, and due diligence across these significant transactions, showcasing their expertise in cross-border M&As.
Sectors
- Legal Advisory
- Steel
- Renewable Energy
Geography
- Portugal – GramPerfil and several related entities, including Lusosider, are based in Portugal, making it a central geographical focus.
- France – Akuo, a target company acquired by Ardian, is based in France, highlighting cross-border M&A activity.
- Brazil – CSN Steel is a Brazilian corporation expanding its footprint in the European market through acquisition.
Industry
- Legal Advisory – PLMJ is providing legal services in M&A, advising companies on significant acquisitions.
- Steel – The acquisition of GramPerfil by CSN Steel involves entities within the steel manufacturing sector.
- Renewable Energy – Ardian's acquisition of Akuo is notable within the renewable energy industry, reflecting ongoing investments in sustainable infrastructure.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PLMJ | Legal Advisor | Company | A law firm providing comprehensive legal advisory services in the highlighted M&A transactions. |
| CSN Steel | Acquirer | Company | CSN Steel is a Brazilian steel company acquiring Portuguese firm GramPerfil. |
| GramPerfil | Target Company | Company | A Portuguese company with a strong export-driven business acquired by CSN Steel. |
| Ardian | Acquirer | Private Equity | A private equity firm focused on investing in renewable energy, acquiring French company Akuo. |
| Akuo | Target Company | Company | A French renewable energy producer acquired by Ardian, enhancing their energy portfolio. |
| Ascendi | Vendor | Company | Seller of Via Verde to Brisa for which PLMJ provided advisory services. |
| Brisa | Acquirer | Company | Company acquiring Via Verde from Ascendi. |