Press Release
Sao Paulo, 28 May 2025
Monte Capital Management, a Brazilian private equity manager focused on real assets, entered today into an agreement through one of its managed funds with Macquarie Infrastructure Partners VI, an investment vehicle managed by Macquarie Asset Management (MAM), for the sale of a 100 per cent stake in the Monte Rodovias S.A platform (“The Platform”). The Platform is comprised of the concessionaires for four toll roads in NE Brazil and a toll road in the central Brazilian agricultural state of Mato Grosso.
Under the terms of the agreement executed today, MAM will acquire a diversified set of five toll roads across three states totalling 740 km (460 miles). The existing roads connect the 4th largest city in Brazil with its main airport, one of the largest industrial complexes in the country and popular residential and tourist regions and include Bahia Norte (CBN) and Litoral Norte (CLN), in Bahia, and Rota do Atlântico (CRA) and Rota dos Coqueiros (CRC), in Pernambuco. In addition, the Platform includes a 30-year concession for a 344 km road in Mato Grosso, a central agricultural state in Brazil. The terms of the agreement were not disclosed.
“Monte Rodovias is deeply committed to the sustainable development of Brazil — in regions like the Northeast, where efficient service drives local economic growth and social development, and in the Center-West, where quality infrastructure helps the country’s food belt supply the global economy. We are proud to be a platform that generates value for our granting authorities, our investors, and the communities we serve — ensuring operational excellence, continuous investment, and sustainable growth,” said Fabio Bonini, CEO of Monte Rodovias.
“Today’s announcement is another demonstration of our commitment to generate positive long-term outcomes for our clients, portfolio companies and communities,” said Fernando Lohmann, Brazil Country Lead for Macquarie Asset Management. “We remain dedicated to strengthening Brazil’s critical infrastructure through the acquisition of Monte Rodovias and other investments in the future.”
The acquisition will increase Macquarie Asset Management’s portfolio of transportation infrastructure in Brazil and Latin America. Current investments include Corredor Logística e Infraestrutura (CLI) in Brazil, Supervia Poniente in Mexico and the Odinsa Transport Platform in Colombia and Ecuador. Macquarie Asset Management also has investments in the waste management, green energy and data centre sectors in Brazil. Operating since 1999 in Brazil, Macquarie is committed to driving long-term growth, sustainable development and social impact as we continue to build specialist expertise across all our businesses in the country.
“Infrastructure represents a once-in-a-generation investment opportunity in particular in Emerging Markets, where it drives job creation, enhances security, and boosts productivity. With a specialized platform strategy, Monte has committed early to the toll road sector in the Northeast of Brazil, building Monte Rodovias S.A. into the largest operator of state-level concessions in partnership with respected granting authorities. Our track record in proprietary origination, operational transformation, local community partnership and value-creation have been fundamental to this journey,” said Julio Zogbi, Founder of Monte Capital Management.
The deal between Macquarie Asset Management and Monte Capital Management is set to close during the 2S2025, subject to the customary closing conditions.
Committed to Brazil’s long term sustainable development, Monte is a Brazilian private equity fund manager fully owned by employees in a partnership. With investments in roads, water and airports it employs more than 4,000 people and benefits more than a 100 million clients.
With a strong culture and an 11-year track record in proprietary origination as well as operational and financial improvements, Monte will continue to invest in niche opportunities that create value for all stakeholders and provide a bridge for global investors to work in Brazil.
None of the entities noted in this media release is an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia) and the obligations of these entities do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (Macquarie Bank). Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these entities. In addition, if this media release relates to an investment (a) each investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group company guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment.
This press release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 regarding, among other things, future operating and financial performance, product development, market position, business strategy and objectives and the closing of the transaction described herein. These statements use words, and variations of words, such as “will,” “continue,” “build,” “future,” “increase,” “drive,” “believe,” “look,” “ahead,” “confident,” “deliver,” “outlook,” “expect,” “project” and “predict.” Other examples of forward-looking statements may include, but are not limited to, (i) statements of Company plans and objectives, including our evolving business model, or estimates or predictions of actions by suppliers, (ii) statements of future economic performance, (iii) statements of assumptions underlying other statements and statements about the Company or its business, and (iv) the Company’s ability to effectively apply the net proceeds from the transaction as described above. You are cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events and thus are inherently subject to uncertainty. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the Company’s expectations and projections. These risks, uncertainties, and other factors include: our ability to complete construction of the Ellendale HPC data center; our ability to complete the negotiation and execution of the definitive transaction documents required to close the MAM facility; our ability to raise additional capital to fund the ongoing data center construction and operations; our dependence on principal customers, including our ability to execute leases with key customers, including leases for our Ellendale HPC campus; our ability to timely and successfully build new hosting facilities with the appropriate contractual margins and efficiencies; power or other supply disruptions and equipment failures; the inability to comply with regulations, developments and changes in regulations; cash flow and access to capital; availability of financing to continue to grow our business; decline in demand for our products and services; and maintenance of third party relationships. Information in this release is as of the dates and time periods indicated herein, and the Company does not undertake to update any of the information contained in these materials, except as required by law.
Australia and New Zealand
T: +61 2 8232 2336
Email regional contact
Americas
T: +1 212 231 1310
Email regional contact
Asia
T: +852 3922 4772
Email regional contact
Europe, Middle East and Africa
T: +44 20 3037 4014
Email regional contact
