has completed three transactions

Duff & Phelps, A Kroll Business, Advised Piemonte Holding on Its Transactions with Oi S.A., Globo Comunicação e Participações S/A and Goldman Sachs Asset Management

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From March 2021 through October 2021, Piemonte Holding ("Piemonte") acquired Oi S.A. ("Oi") and Globo Comunicação e Participações S/A ("Globo"). In addition, Piemonte sold an equity stake of its data center subsidiary, Elea Digital ("Elea"), to a private credit business within Goldman Sachs Asset Management ("Goldman Sachs").

The Brazilian Business Services M&A practice of Duff & Phelps, A Kroll Business, served as the exclusive financial advisor to Piemonte in connection with the transactions.

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About Piemonte Holding
Headquartered in Rio de Janeiro, Brazil, Piemonte Holding is a financial group founded in 2012. Piemonte provides highly sophisticated services to selected clients and invests its own capital to foster sustainable digitalization of the economy. Piemonte endeavors to provide excellence and ethical values in any transaction, utilizing competencies to design and manage large-scale projects, driven by technological innovation as well as infrastructure and economic development.

About Oi S.A. 
Oi S.A. is a Brazilian telecommunications company and a pioneer in convergent broadband services, wireless telephone services, pay TV, local and long-distance voice transmission. Oi has the biggest fiber optics network capillarity, with over 400,000 kilometers of fiber, guaranteeing its nationwide presence and reaching remote areas to promote digital inclusion of the population. In addition to telecommunications services for the retail and corporate markets, Oi also offers innovative IT solutions for companies of all sizes through a cloud computing platform.

About Globo Comunicação e Participações S/A 
Globo Comunicação e Participações S/A is a Brazilian private multinational conglomerate corporation based in Rio de Janeiro, Brazil. Founded in 1925, Globo brings together open TV and pay TV channels, as well as digital products and services. Its linear channels are broadcast to over 100 million people every day in Brazil. Due to its broad network of partnerships throughout the country, it manages to be local, regional and national at the same time. It offers a comprehensive experience to users, combining the ability to produce high-quality content with technological expertise to be distributed across many platforms, such as Globo TV (open TV), 26 pay TV channels, Globoplay (streaming); its digital journalism websites such as G1; sports with GE.globe; and Gshow entertainment, among others.

About Elea Digital
Founded by Piemonte Holding in 2019, Elea Digital is a data center infrastructure platform, having wide geographical presence across Brazil. Elea Digital's five data centers are at the edge of the central Latin American cloud region in key Brazilian metro-areas: Porto Alegre, Curitiba, Brasília and São Paulo. Currently, Elea's core revenues derive from colocation and cross-connectivity infrastructure services provided to a wide range of customers, mainly concentrated in the information technology, telecom, banking, media and public sectors. 

About Goldman Sachs Asset Management 
Goldman Sachs delivers investment and advisory services to the world's leading institutions, financial advisors, and individuals, drawing from their deeply connected global network and expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of September 30, 2021. Goldman Sachs Asset Management invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure. Established in 1996, the private credit business within Goldman Sachs Asset Management is one of the world's largest private credit investors with over $75 billion in assets across direct lending, mezzanine debt, hybrid capital and asset-based lending strategies. 


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