Morrison & Foerster advised Petlove, the largest digital ecosystem for pet owners in Brazil, on its acquisition of Porto Pet, a company in the Porto Seguro business group and a leader in the animal health plan segment. Petlove’s agreement with Porto Seguro will expand the companies’ operations within the Brazilian market and result in the launch of Porto.Pet, a service that will include Health for Pet’s insurance activities and become part of the Petlove ecosystem, with Porto Seguro as a strategic shareholder.
This acquisition will strengthen Petlove’s portfolio by complementing its growth and expansion agenda, as well as focusing on what customers really care about: the health and happiness of their pets. From now on, Petlove will operate on an expanded portfolio and Porto Seguro will be able to offer Petlove’s entire set of solutions to its customer base.
MoFo previously advised Petlove on its merger with DogHero in October 2020.
The MoFo team advising Petlove was led by Miami-based Latin America Desk co-chair Randy Bullard, together with Miami Corporate associate Roberto Rodriguez and visiting international attorney Luiz Lago. The wider team included New York Technology Transactions of counsel Anthony Ramirez and associate Katherine DeVries; Palo Alto Privacy + Data Security partner Chris Lyon and Washington, D.C. associate Gina Pickerrell; and New York Tax partner Anthony Carbone and associate Katherine Erbeznik.
Read more in Petlove’s press release.