Vinci Partners to combine with Compass

Vinci Partners Investments announced an agreement for a combination with Compass. Once closed, the Transaction will create a full-service Latin American alternative asset manager with more than $50B in assets under management, across private markets, investment products and solutions, public equities and corporate advisory segments. “This combination with Compass marks the most significant step so far in our long-term strategic growth plan presented at our Investor Day, allowing us to expand our footprint into Latin America, one of the most attractive markets for alternatives,” said Alessandro Horta, Chief Executive Officer of Vinci Partners. The Transaction will have a total upfront consideration of 11,783,384 shares of VINP Class A common stock, and a cash consideration of $31.3M, in the form of VINP Class C redeemable common stock. Under the agreement, Compass partners are entitled to an earn-out of up to an additional 7.5% stake in the combined entity, subject to the achievement of pre-determined metrics, to be paid in VINP Class A common stock until 2028. Upon Transaction closing, Manuel Balbontin, partner, founder and Chairman of Compass, and Jaime de la Barra, partner, founder and Vice Chairman of Compass, will join Vinci’s Board of Directors. Compass executives and senior management will continue in their current roles and remain fully committed to the combined business, with a long-term plan aligned with the plan that is currently in place for Vinci’s executive partners. The Transaction is expected to close in the third quarter of 2024, subject to regulatory approvals and other customary closing conditions.