
Senior Partner
Rio de Janeiro
(+55 21) 3993 3605
eDUCATION
Master’s Degree in Business Law – Pontifícia Universidade Católica de São Paulo (2010)
Postgraduate degree in Finance – Ibmec-RJ (2002)
Bachelor of Laws – Pontifícia Universidade Católica do Rio de Janeiro (1997)
PRACTICE AREAS
LANGUAGES
Portuguese, English and Spanish
Paulo Eduardo Penna has been a lawyer since 1998. He is a founding partner of Novotny, Ney, Saldanha, Penna, Ponte, Vianna & Corrêa Advogados, with extensive experience in transactional matters and corporate law.
He advises a wide range of international and domestic clients, including large, middle-cap and small private companies, publicly held companies, investment funds, private equity and venture capital funds, strategic and institutional investors, startups and individuals.
Paulo provides comprehensive corporate legal counsel, assisting clients with the structuring and restructuring of companies and joint ventures, corporate governance matters, and both strategic and day-to-day business issues. He also advises foreign investors on doing business in Brazil, as well as Brazilian clients in cross-border investments and operations.
One of his main areas of expertise is M&A. He has broad experience leading both domestic and international M&A transactions, including negotiating share and asset purchase agreements, shareholders’ agreements, and joint venture instruments across a variety of industries, such as technology, real estate, shopping centers, education, healthcare, and mining. He is also active in private equity and venture capital deals and the related regulatory landscape.
Paulo has significant experience in capital markets, advising listed companies, investors, investment funds, and market agents on a wide range of legal and regulatory matters, including public offerings and securities issuances.
He is also highly experienced in negotiating and advising on a wide range of business and financing agreements. His practice includes corporate restructurings, asset reorganization, and wealth and estate planning.
Paulo has consistently been acknowledged as one of Brazil’s leading lawyers in M&A, corporate, and business law over the years, with ongoing recognition from publications like Chambers & Partners and Leaders League.
He is a member of the Capital Markets and Business Law Committees of the Brazilian Bar Association (OAB-RJ), and served on the Regulatory Committee of the Brazilian Private Equity and Venture Capital Association (ABVCAP) from 2015 to 2018.
Paulo combines professional experience with academic activities. Since 2009 he has been a professor at the Law School of Pontifícia Universidade Católica do Rio de Janeiro, where he teaches courses on business contracts and M&A. He is also a frequent speaker in seminars and conferences. He has authored a book on the sale of control of public companies and several articles on M&A and corporate law, among other topics.

						Pesquisa sobre o direito ao tag along no informe sobre o Código Brasileiro de Governança Corporativa – Companhias Abertas
						Other Publications
						Corporate Governance In Brazil
						Article
						O Papel da Comissão de Valores Mobiliários na Alienação de Controle de Companhia Aberta
						Article
						Preço das Ações na Oferta Pública por Alienação de Controle de Companhia Aberta
						ARTICLE
						Preço Contingente em Operações de Fusões e Aquisições (M&A): A Cláusula de Earn-Out
						Article
Luisa Shinzato de Pinhodez.2017
						Controle Minoritário no Direito Brasileiro
						Article
						Opportunities in Brazil’s New Infrastructure Program
						Article
Luisa Shinzato de Pinhomar.2017
						Oferta Pública de Aquisição de Controle de Companhias Abertas
						Article
						Fechamento Branco de Capital e Oferta Pública de Aquisição de Ações por Aumento de Participação
						Article
						Investment Committees in Brazilian Private Equity Funds
						Article
						Alienação de Controle de Companhia Aberta
						Article
						Brazilian FIA-MAs: a New Option for Investments in Mid-Market Companies and Private Equity
						Artilce
						Private Equity Investments: Tax Advantages of Brazilian FIPs
						Article
Paulo Pennaset.2014
						Flexibility in Structuring M&A Transactions – the Earnout Provision
						Article
						Proposed Regulatory Changes to D&O Insurance in Brazil
						Article
						Understanding the Roles of Administrative and Investment Managers of Brazilian FIPs
						Article
						Structuring Exit Strategies in Private Equity Investments in Brazil: the BOVESPA MAIS Alternative
						Article
						O BOVESPA MAIS como alternativa de saída em investimentos de private equity
						Article
						Investment Adviser Regulation in Brazil
						Article
						Os Acionistas Minoritários e o Direito ao ‘tag along’
						Article
RJ (+55 21) 3993 3601 
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Botafogo, Rio de Janeiro, RJ
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Centro, Rio de Janeiro 
20091-902
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