
Partners recommended by Chambers, Leaders League, Análise Advocacia, Lexology, Lacca and IFLR1000.
Partner experience in M&A, venture capital, insurance and financial markets.

One firm. Clear execution.
Panucci, Severo e Nebias Advogados brings together partners with over two decades of experience in M&A, venture capital, insurance and financial regulation. We also work in capital markets, crypto and administrative and judicial litigation. Our partners come from leading national and international firms and are among Brazil's most recognized lawyers.
We advise founders, venture capital funds, investors, insurers, financial institutions and fintechs on deals where the contract and the regulator move together. Every matter has a partner close by, from first contact to closing, with a dedicated team.
What clients can expect:
Buying and selling companies, including regulated ones, shareholder agreements and governance.
Funding rounds, VC funds and CVC, stock options and ongoing counsel.
Insurer licensing, change of control and SUSEP regulation.
Licensing and day-to-day regulation before the Central Bank.
CRA, CPR-F, debentures, commercial notes, FIDC and crowdfunding.
VASP licensing, tokenization and AML/CFT.
Judicial and arbitral disputes and administrative sanctioning proceedings.
Infrastructure debentures, concessions and energy and infrastructure projects.
Photos: Banco Central do Brasil (CC BY 3.0)
Our portfolio
A snapshot of recent M&A, venture capital and banking matters where our partners led the legal workstream from diligence to closing.

M&A · Corporate
Loovi: buyback of Pablo Marçal's equity stake

Authorization · Crowdfunding · CVM
Bora Antecipar: authorization as a crowdfunding platform (CVM Resolution 88)

Authorization · Crowdfunding · CVM
IBR Capital: authorization as a crowdfunding platform (CVM Resolution 88)

Authorization · S4 · SUSEP
Guardian Seguradora: authorization as an insurance carrier

Authorization · S4 · SUSEP
2P Seguros: authorization as an insurance carrier

Authorization · S3 · SUSEP
Split Risk Seguradora: from the Sandbox to the S3 segment

Venture capital
Bradesco: investment in PX Data (R$ 15 million round)

Venture capital · Series A
Bradesco: investment in Saúde Bliss (R$ 57 million Series A)

M&A · Buy-side
Hospital São Domingos: leveraged buyout from Dasa (R$ 1.2 billion)

Capital markets · Acquisition finance
Hospital São Domingos: acquisition finance (commercial paper, debentures and takeout)

Authorization · S3 · SUSEP
LTI Seguros: from the Sandbox to the S3 segment

Venture capital · Seed
Jumpad: seed round

M&A · Sell-side
Bradesco (FIP Inovabra I): sale of a minority stake in Skyone to Advent International

Authorization · SCD · BCB
Guardian SCD: authorization as a Direct Credit Company (SCD)

Capital markets · FIDC
Matrix Energia: public FIDC offering backed by energy trading and battery storage credits

M&A · Sell-side
Bradesco (FIP Inovabra I): sale of control of Smartbrain to its founders

Capital markets · CRA
Rural producers: CRAs for production financing

Capital markets · CRA
Dagoberto Barcellos: CRA secured by mining rights

Authorization · PI · BCB
Apusdigital: authorization as a payment institution

Capital markets · CRA
Deale: CRA for production financing

Capital markets · Debentures
éxes and Celeste Energia: debentures for solar plant development

M&A · Buy-side
MH SCD (uahubank): acquisition

Capital markets · CRA
Agrosepac: CRA for debt restructuring

M&A · Sell-side
Flapper: sale of an equity stake by minority shareholders

Capital markets · CRA
Morro Verde: CRA for production financing

M&A · Sell-side
Frente Corretora: sale of an equity stake by minority shareholders

Authorization · P&C · SUSEP
Você Seguradora: authorization to write property and casualty insurance

Authorization · Control · SUSEP
Hoje Previdência: approval of transfer of control
What clients say
Directories interview clients confidentially and publish their comments without naming them.
An insurance lawyer who provides us with very close and direct service, Roberto Panucci works confidently on our sensitive regulatory and structuring matters, managing situations without clear precedents really well.
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