Vinci Partners Investments Ltd., a Brazilian alternative asset manager, will acquire Compass Group LLC to expand its footprint across Latin America, creating a combined entity that will manage over $50 billion.
Vinci will hand over 11.8 million class A shares, worth about $127.4 million at Thursday’s closing price and a cash consideration of $31.3 million in the form of Class C redeemable common stock, according to a statement.
Compass partners are entitled to an additional earn-out of up to a 7.5% stake in the combined entity subject to pre-determined metrics to be paid in Class A stock until 2028.
