Macquarie Asset Management and IG4 sign definitive agreement to sell CLI to AD Ports Group

Macquarie Asset Management (“Macquarie”), through Macquarie Infrastructure Partners V (“MIP V”) and IG4 Capital (“IG4”), through its Private Equity Fund II, have entered into a definitive agreement with AD Ports Group (“AD Ports”) for the sale of a controlling stake in CLI – Corredor Logística e Infraestrutura S.A. (“CLI” or the “Company”), in a transaction valued at US$835 million. The transaction remains subject to customary closing conditions, including regulatory and antitrust approvals.

Founded with the objective of becoming an independent port operator, CLI has grown under the joint ownership of IG4 and Macquarie to become one of the leading independent port and logistics operators in Brazil. Over the past four and a half years, the Company has expanded its operational footprint, enhanced efficiency across its logistics corridors, and strengthened its position within Brazil’s infrastructure and export logistics sector.

The transaction marks AD Ports Group’s entry into the Brazilian market and is expected to support CLI’s next phase of growth, leveraging AD Ports’ global platform and experience in port and logistics operations.

The company’s management will remain unchanged, with Gabriel Motta continuing as CEO.

“IG4 Capital is proud to have completed another successful turnaround, as it did in the past with Iguá Saneamento. Today, CLI is a mature company, ready to grow by investing in sustainability and in the future of agribusiness in Brazil,” IG4 stated.

“Brazil’s agricultural export sector continues to demonstrate remarkable resilience, reinforcing the country’s position as one of the world’s leading suppliers of agricultural commodities,” said Fernando Lohmann, Head of Macquarie Asset Management in Brazil. “As a long-term investor in the country, Macquarie remains committed to acting as a responsible custodian of essential infrastructure assets that help drive economic development, improve connectivity and support Brazil’s role in global trade.”

"The outlook for CLI is highly favorable. We are strategically positioned in the Northern Arch, with the operation of the terminal at the port of Itaqui, in addition to the terminal at the port of Santos. Both have been showing consistent performance and with clear potential to evolve even more. The cycle with IG4 and Macquarie was extremely relevant, laying solid foundations for the new phase that begins. We remain confident in our ability to grow consistently and safely in the coming years," said Gabriel Motta, CEO of CLI.

Captain Mohamed Juma Al Shamisi, Managing Director & Group CEO of AD Ports Group, said, “The purchase of CLI is a game changer for AD Ports Group. The transaction extends our Group’s international reach for the first time into Latin America, and deepens our growing agrifoods activities, one of our core verticals. Under the wise guidance of our leadership in the United Arab Emirates, AD Ports Group is committed to enabling trade in one of the world’s most-important, fastest-growing agricultural commodities markets, which will not only benefit the Group’s global clients, including those in Brazil, but also strengthen the AD Ports Group global network.”

In this transaction, Citi served as the exclusive financial advisor to IG4 and Macquarie, and BTG Pactual served as exclusive financial advisor to AD Ports Group. Pinheiro Neto Advogados acted as legal counsel to IG4, Lefosse Advogados acted as legal counsel to Macquarie, and Machado Meyer Advogados acted as legal counsel to AD Ports Group.