» PROFARMA - Restructuring

» Purpose

Support the incorporation, acquisition or merger of enterprises resulting in the creation of larger enterprises under national control and/or more verticalized.



» Clients

Legal entities governed by private law, headquartered in Brazil, effectively controlled, directly or indirectly, by an individual or a group of individuals, domiciled and resident in Brazil. These legal entities must assign ultimate decision-making powers to the majority shareholders represented by Brazilian ownership interest.



» Types of financial support

Direct.



» Modality of support

Financing and/or

Interest in the enterprise (via subscription of securities).



» Items Subject to Support

Expenses from the incorporation, merger or acquisition of enterprises of the pharmaceutical productive chain, conditioning any reduction in the total number of jobs to the implementation of measures mitigating the effects of unemployment, by the acquiring enterprise or the enterprise resulting from the merger, at BNDES discretion.


Financing Conditions

» Value of financing

Minimum of R$ 3 million.



» Interest Rate

Financial Cost + BNDES Fees

Financial Cost
Long Term Interest Rate - TJLP.

BNDES Fees
3% p.a.



» BNDES Share

Up to 75% of financeable items.



» Maturity

 Up to 10 years.



» Collaterals

Defined at the analysis of the operation.

See: Guarantees



» Additional Conditions

Upon contracting the operation with BNDES, and throughout the period during which the operation will be in force, the beneficiary must submit financial statements audited by external independent auditor registered with the Brazilian Securities and Exchange Commission [CVM].



Conditions for Operations on Subscription of Securities



» Value of funding

Minimum of R$ 500 thousand.



» BNDES share in capital stock of enterprise

Up to 40% of the shares composing the enterprise's total capital stock. 



» Redemption fund

A redemption fund will be established for BNDESPAR shares, from the enterprise's net income. 



» Additional conditions

The enterprise should be organized as a corporation, with a shareholders' agreement, provide for BNDES participation in its Board of Directors and plan the capital opening in the new market. 



» Evaluation

The enterprise will be evaluated based on its future results.



» Addressing

Support requests are forwarded to BNDES by means of a Previous Consultation - filled out under the directions of the Information Guide for Previous Consultation - forwarded by the interested enterprise to:

Banco Nacional de Desenvolvimento Econômico e Social - BNDES
Área de Planejamento-AP
Departamento de Prioridades-DEPRI
Av. República do Chile, 100 - Protocolo - Térreo
20031-917 - Rio de Janeiro, RJ



See:

PROFARMA
PROFARMA-Production 
PROFARMA-Exports
PROFARMA-Innovation 
PROFARMA-Restructuring   
PROFARMA-Public Producers.