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NEWS

Moove Acquires PetroChoice from Golden Gate Capital

May 23, 2022

São Paulo, Brazil – Paul Hastings LLP, a leading global law firm, announced today that it represented Moove, a leading global producer and distributor of lubricants and base oils, in its acquisition of PetroChoice Lubrication Solutions from Golden Gate Capital for US$479 million. Moove is a subsidiary of Cosan S.A., one of Brazil’s largest business groups with investments in energy and logistics.

PetroChoice is the largest distributor and manufacturer of value-added lubricant solutions in the United States, delivering approximately 62 million gallons annually to the industrial, commercial, and passenger vehicle customer segments.

The acquisition establishes a market-leading presence and distribution footprint for Moove in the $33 billion U.S. lubricants market, where Moove will leverage its lubes market expertise, technology, manufacturing capabilities and investment capabilities to support the continued development of PetroChoice and its growth plans.

The transaction was led by Paul Hastings’ São Paulo office, including partner Jon Kellner and associates Filipe Lima and Thomas Ayres.

Additional advice was provided by partners Aaron Charfoos, Adrian Chiodo, Bradley Ritter, David Makso, Deborah Schmall, Jeffrey Goldfarb, Eric Keller; Michael Wise, Pedro Jimenez, Scott Flicker, Todd Schneider; and associates David Stanek, April White, Ben Regan, Grace Aviles, Jacob Beaupre, Matt Seely, Palmer Sealy, Rob Wilson, Will Gray, and William McCue.

Dedicated to helping the world’s leading Wall Street and global investment banks, asset managers and corporations achieve their business and legal goals, Paul Hastings is a premier global finance law firm with elite teams in finance, mergers and acquisitions, private equity and litigation. We are one of only a handful of law firms ranked across multiple core finance areas including: structured credit, leveraged finance, private credit, capital markets and real estate finance.

Our unmatched client service has helped us become one of the legal profession’s most admired firms, known for a diverse and highly collaborative culture that delivers innovative solutions

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