Vinci Partners Investments Ltd. (NasdaqGS:VINP) entered into an agreement to acquire 90% stake in SPS Capital Gestao De Recursos Ltda. on July 28, 2022. The transaction will have an initial cash component at closing, with an additional consideration in Vinci Partners Investments' class A common stock through an earnout structure to be paid in 2027, up to a maximum number of 1.7 million shares, subject to the achievement of certain fundraising and incremental management fee revenue targets. Marcelo Mifano (Partner and Co-Founder of SPS Capital) will join Vinci's Executive Committee. The transaction is expected to close until the end of the third quarter of 2022. The transaction is immediately accretive to distributable earnings per share of Vinci Partners Investments.

Vinci Partners Investments Ltd. (NasdaqGS:VINP) completed the acquisition of 90% stake in SPS Capital Gestao De Recursos Ltda. for approximately BRL 210 million on August 16, 2022.