+80
+500
Portuguese, English, German, Chinese, Spanish, Korean, Italian
WLG, IBA, L&E
TozziniFreire is a premier, full-service law firm that consistently provides legal services to domestic and international companies in a wide variety of business sectors. Along these years, we have played a major role in many of the most significant transactions in the Brazilian market, becoming one of the largest and most prestigious firms in Latin America.
We see ourselves as one cohesive entity and act accordingly. With fully-owned offices in several cities in Brazil, we are able to guarantee our clients the same outstanding services and one-firm resource throughout the country. This concept enables us to safeguard, every day, the firm’s culture, mission, and values – which are the essence of who we are and what we do.
Our expertise has been consistently recognized by international and national specialized publications. TozziniFreire and its partners are regularly recognized and recommended as leaders in their field of practice.
- Asset finance
- Banking
- Capital markets: Debt
- Capital markets: Equity
- Competition
- Financial restructuring
- Investment funds
- M&A
- Private equity funds
- Project development
- Restructuring and insolvency
Partner Carlos Barbosa Mello
carlos.mello@tozzinifreire.com.br
Corporate and M&A
1. Deal counsel to J&F Investimentos on the acquisition of Eletrobras’ entire shareholding interest in Eletronuclear, the company responsible for the Angra 1, 2 and 3 nuclear power plants, for approximately BRL 3 billion, resulting in J&F holding 68% of the company’s total capital and 35.3% of its voting capital, while the Brazilian government retains control through ENBPar. The deal, which is still subject to regulatory approval, marks the first entry of a private-sector player into Brazil’s nuclear energy sector and represents a strategic milestone in J&F’s expansion in energy.
2. TozziniFreire is advising Marfrig ("MRFG3") on its merger with BRF ("BRFS3"), creating a company with synergy potential of over BRL 805 million per year. This is a big-ticket and highly sophisticated deal involving two listed companies, with all the complexity that brings in an M&A process. The merger between BRF and Marfrig will result in the creation of MBRF Global Foods Company, a jointly owned entity. Under the agreement, all BRF shares will be incorporated into Marfrig. Currently, MBRF generates 43% of its revenue from the US, 24% from Brazil, 20% from Asia, and 13% from other markets. The deal marks the culmination of Marfrig’s gradual acquisition of BRF since 2021.
Banking & Finance
Brazilian counsel to IFC in connection with a loan of USD 100,000,000 (one hundred million United States dollars) provided to Equatorial Alagoas Distribuidora de Energia S.A. (“Equatorial Alagoas”), backed by a corporate guarantee from Equatorial S.A. This loan forms part of IFC’s broader investment package of up to USD 250 million for Grupo Equatorial, to be allocated to one or more of its subsidiaries. The first loan, committed on March 28, 2025, consists of a green loan of up to USD 100 million from IFC’s own account to Equatorial Alagoas. The collaboration aims to expand energy access, improve system reliability, and reduce environmental impacts amid growing demand, with the resources dedicated to modernizing Brazil’s power distribution infrastructure and supporting sustainable economic development.
Capital Markets
TozziniFreire acted as Brazilian counsel to UBS BB Corretora (“underwriter”), in Azul S.A.’s issuance of over 723.8 billion new common shares and 723.8 billion new preferred shares, totaling approximately BRL 7.44 billion. The offering formed a key component of Azul’s Chapter 11 restructuring in the United States, enabling the mandatory capitalization of certain indebtedness, including the equitization of senior secured notes, pursuant to the court‑approved plan. This transaction also represented the second‑largest equity offering in Brazil since the 2023 Eletrobras privatization.
- Agriculture
- Automotive
- Banking
- Construction and materials
- Consumer goods and services
- Energy
- Financial services
- Food and beverage
- Gaming
- Government and public policy
- Healthcare
- Industrials
- Insurance
- Investment management
- Media
- Natural resources
- Pharmaceutical and life sciences
- Real estate
- Technology and telecommunications
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Campinas
13092-599
Brazil
T: +55 (19) 319 9-1900
E: mail@tozzinifreire.com.br
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Ed. Opus One – 5th floor
Porto Alegre
90480-000
Brazil
T: +55 51 3025-2200
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Praia de Botafogo, 228
Edifício Argentina – 17th Floor
Rio de Janeiro
22250-906
Brazil
T: +55 (21) 3535-2100
E: mail@tozzinifreire.com.br
W: https://tozzinifreire.com.br/en -
SCS Quadra 1, Bloco H, 11º Andar
Ed. Morro Vermelho
Brasília, DF - Brasil
Zip Code 70399-900
T: +55 (61) 3426-8000
E: mail@tozzinifreire.com.br
W: https://tozzinifreire.com.br/en
