By Brazil Stock Guide – Vinci Compass (NASDAQ: VINP) announced on Monday (Oct. 6) the acquisition of 50.1% of Verde Asset Management, the investment firm founded by Luis Stuhlberger, one of Brazil’s most prominent fund managers. The transaction is expected to close in the fourth quarter of 2025, pending regulatory approvals, and includes a call option for full ownership within five years.
Vinci, which has been expanding globally through acquisitions, currently manages more than R$300 billion in assets. Verde, which managed over R$50 billion at its peak five years ago, now oversees around R$16 billion ($3 billion) in assets under management.
The deal values Verde at approximately R$350 million (US$66 million), excluding potential earnouts, and will be carried out in two phases.
In the first phase, Vinci will pay R$221 million for a 50.1% stake, mostly in shares. Verde’s current shareholders will receive Vinci Class A shares valued at R$175 million, based on market price, plus R$46.8 million in cash.
In the second phase, expected to take place in five years, Vinci will acquire the remaining 49.9%, also paying in a mix of cash and shares, with proportions to be determined by the buyer. The estimated payout is R$127.4 million, subject to performance targets and adjustments (earnout).
“Verde is one of Brazil’s most iconic investment houses. Combining its heritage with Vinci’s scale and governance creates a new benchmark in alternative and multi-strategy asset management,” said Alessandro Horta, Vinci’s CEO.
Verde’s governance and investment committees will remain independent, while Stuhlberger and his senior management team will become partners at Vinci, subject to a lock-up period. The partnership is expected to expand Vinci’s reach among institutional, high-net-worth, and intermediary clients, while opening room for new strategies that bridge global macro and alternative investments.