Vêneto Family Office, an independent multi-family office with R$ 6.7 billion under management, created in 2010 by Carlos Pessoa and Fernando Damasceno, is acquiring a majority stake in FC Partners, a mergers and acquisitions boutique focused on middle-market family businesses.
The two firms will continue to operate independently, but will now operate as a joint venture to serve business families at different stages of the wealth cycle.
In the new corporate structure, the partners of FC Partners remain at the helm of the business, with the exception of founding partner Ricardo Resende Silva, who is leaving the operation to dedicate himself to serving on boards of directors, investments, and strategic planning in Brazil and the United States. He will remain close to the company during the transition period.
The operation creates a group with 90 professionals, a national presence, and operations in sectors such as technology, education, agribusiness, energy, health, and construction. The idea is that the partnership will function through a coordinated flow of clients, joint projects, and integrated methodologies. The size of the acquired stake was not disclosed, nor were the transaction values.
Founded in Minas Gerais, FC Partners has been in the market for 14 years and specializes in serving family businesses. In addition to M&A , the boutique also operates in corporate governance, an area that, according to Lucas Della-Sávia, founding partner of FC Partners, increases complementarity with Vêneto.
“The synergy is very strong, with each operation generating business for the other. When the client sells the company, we generate liquidity for Veneto. And when they don't want to sell, we prepare the company's governance for succession,” he says.
FC Partners has managed over R$2 billion in transactions and works with companies valued between R$30 million and R$600 million, offering sell-side, buy-side, valuation, corporate governance, financial feasibility analysis, project finance, and business plan development services. The firm also maintains F.CEO, a group for exchanging experiences among leaders of family businesses.
From left to right: Lucas Della-Sávia, partner at FC Partners, and Carlos Pessoa, CEO of Vêneto.
Veneto, in turn, has more than 70 professionals and positions itself as an independent multi-family office with a minimum ticket of R$10 million, providing single-family office services as a service to clients with at least R$100 million in liquidity.
According to Carlos Pessoa, CEO of Vêneto, FC provides the missing piece to support its target audience: business families. "They have a lot of experience in this area and generate significant liquidity, which will certainly help boost the growth of the family office, while also increasing our commercial presence for them," he says.
The thesis behind the agreement is to address a sensitive point in the family business market. In Brazil, this sector comprises approximately 5 million businesses and accounts for 65% of the national GDP, according to data from the Dom Cabral Foundation.
At some point, most of these companies face a strategic decision: selling control, seeking a partner, reorganizing governance, or preparing for succession.
And the joint venture will address this need, with a service offering that includes valuation and business diagnostics, advice on mergers, acquisitions and divestitures, corporate governance, business plans, financial feasibility analysis, expansion projects, customized investment management, offshore operations, exclusive funds, and financial, asset and estate planning.
This move comes at a time when FC Partners sees the M&A market as hotter than it expected at the end of last year. This year, the boutique has already completed four M&A transactions, in addition to three debt mandates, and has two more deals in the pipeline for 2026.
Looking ahead to the coming months, the outlook is that the election calendar may bring some caution to both buyers and sellers. However, FC Partners expects a stronger market next year, driven by lower interest rates and investors seeking assets capable of delivering higher returns in a still unstable global environment. This will help Veneto achieve its goal of reaching R$ 14 billion under management by 2029.
