M&A dispute in Latin America

Brattle was retained by the acquirer of a Brazilian logistics company in a dispute over the latter’s purchase price. Brattle supported two experts. A private equity expert opined on the industry custom and practice of using adjusted EBITDA in deal pricing. Adoria Lim, a Brattle accounting and due diligence expert, analyzed the acquired company’s financial records to evaluate its quality of earnings and determine appropriate purchase price adjustments. Specifically, Ms. Lim analyzed whether adjustments to EBITDA were reasonable and appropriate. The matter settled favorably for Brattle’s client.