Press Release

by / Friday, 20 September 2013 / Published in Transactions

Lincoln International advises GDF Suez in the acquisition of the Brazilian company Emac

Lincoln International, a leading global mid-market investment bank, has announced that GDF Suez, through its subsidiary Cofely do Brasil, has acquired 51% of Emac Engenharia de Manutenção, a leading Brazilian company specialized in the operation and maintenance of air-conditioning systems (HVAC) and multi-technical services.

Headquartered in Belo Horizonte, state of Minas Gerais and founded more than 35 years ago, Emac is the largest Brazilian company specialized in operation and maintenance of air conditioning. It has more than 850 employees, operating in 11 states and serving more than 300 cities. Among its clients are large Brazilian and multinational groups in the mining, steel, financial institutions, hospitals and shopping malls sector. Over the past three years the company showed robust growth of over 30% per year.

GDF SUEZ (GSZ.PA: CAC), founded in France in the early 19th century, currently is one of the largest conglomerates in the world, with extensive operations in the industry of energy generation and distribution, natural gas and energy services. The largest independent electricity producer in the world with 117 GW of installed capacity and second largest buyer of natural gas in Europe. The Group has 138,000 employees and annual consolidated revenue of EUR 80 billion in 2012.

Lincoln International acted as the exclusive financial advisor to GDF Suez, identifying acquisition targets, performing financial models, advising on negotiations, coordinating due diligence, reviewing documentation and coordinating all steps until closing of the transaction.

About Lincoln International

Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With fifteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at