Vinicius Diaz
BroadSpan Capital
Grupo Boa Praça
Deal Type
Company sale
Sector
Business Services
Completion Date
17th December 2024
Deal Value
Not disclosed
Company Background
Grupo Boa Praça, headquartered in Vitória, in the state of Espírito Santo, Brazil, is composed of three business units:
(i) Boa Praça General Ship Supplier: national leader in ship supplies, including food, beverages, hygiene and cleaning materials, safety equipment, lubricants and deck equipment. It serves 25 Brazilian ports from 4 operational bases located in Rio de Janeiro, Macaé, Vitória and Recife, with a storage capacity of 11,500 m² and around 3,000 annual deliveries;
(ii) Boa Praça EPI: a unit specializing in the sale of safety equipment; and
(iii) Boalog: focused on the storage, handling and transportation of materials.
Deal Summary
BroadSpan Capital acted as exclusive financial advisor to Grupo Boa Praça's shareholders in the sale of 100% of its ship supply operations to Wrist Ship Supply.
BroadSpan played a pivotal role in the success of a complex and challenging process, initiated in December 2022. This process involved extensive negotiations and the carve-out of operations, culminating in the establishment of a company dedicated to ship supply activities.
This acquisition aligns with Wrist's strategy to extend its commercial and operational presence to a new continent, reinforcing the company’s commitment to the continuous expansion of its global maritime services and supply network.
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