Laep fight with GP because of the LBR

The Laep, company known for buying Parmalat in Brazil, is accusing his partner GP Investments have neglected the administration of the LBR – Dairy Company created to be a "national champion", but that is now in bankruptcy. The Laep questions the way still is being conducted this process, since the company would be liquidated. GP and Laep are partners in Monticiano holdings, the largest shareholder of the LBR, and are fighting in an arbitral tribunal, a kind of private Justice. The million-dollar damages search Laep Despite being a corporate fight, which could be behind the dispute, according to sources, is the attempt of Laep to anticipate and protect themselves from investigations around the merger that created the LBR, which had the support of the National Social Development Bank (BNDES). Last year, the CPI of the BNDES questioned 700,000,000 R$ development bank disbursed to promote the Union of LeitBom with good taste, which gave rise to the LBR. The LeitBom belonged to Monticiano, GP and Laep, and good taste have as partners the Gaucho businessman Wilson Zanatta and BNDES. The new company, established in 2010, was born with a turnover of r $ 3 billion and in order to be a species of "Ambev milk". The largest shareholder, with 40% of the company, was the Monticiano. Prejudice. The big problem that took the case to the CPI is that only two years after the money from the Bank entered the company, the LBR asked reorganization and investment turned into dust, registered as prejudice by BNDES. In the wake of that investigated in CPI, which the Laep now says GP would have had influence on bankruptcy. The main expertise of the GP, who was once owner of companies such as submarine and ground fire, is to buy companies, give a shock to management and trying to resell them further for a higher price. In the case of the LBR, the charge is that the company was poorly managed, since you have left to use tax credits, as other companies did, and that would have eroded margins. In addition, after the filing for reorganization, the GP would have been ahead of the company''s recovery plan, which allowed the sale of almost all the factories to pay creditors, liquidating the company. Sources close to Laep claim that the largest shareholder in Monticiano, LBR, could not even vote in the presentation of the company''s recovery plan, because the status of Monticiano prevented the company participate if there was consensus not voting among their partners (GP and Laep). The plan was approved by the creditors and approved by the Justice. In all, 14 factories were sold and it is estimated that R$ were collected 500,000,000, about one-third of all the liabilities of the company. Only one factory is still in operation and under the umbrella of the LBR, which today has annual sales around 200,000,000 R$. The BNDES so far recovered, according to his press office, 15,000,000 R$. The Bank has to receive R$ 334,000,000 as lender, corrected values. The BNDES is also a partner in the company, with other 400,000,000 R$ held by BNDESPar, or 30% of the LBR. If on the one hand the Laep launches as accuser, she is also the target of prosecution for his role in the Brazilian market. Its main partner, Marcus Elias, was named by Federal prosecutors as responsible for having caused a prejudice to R$ 2.5 billion to investors of Laep titles. The businessman, that responds to a criminal proceeding, claims being victim of GLG, a vulture fund-those who buy shares in the basin of souls without any inten-tion to recover them. The Manager also responds to a proceedings before the Securities and Exchange Commission to have aggrieved minority. Neither GP or Laep wanted to talk about it because the disputes in which they are involved are sensitive.
Laep accuses GP to use advisers '' orange ''
The contours of the fight societá-ria between Laep and GP began to be drawn in the meetings of the Board of Directors of Monticiano. The Laep says that the GP would have used the "oranges" as their representatives on the Board. According to the company, these oranges were unaware about the LBR and, when they were confronted at one of the meetings, did not know answer even general issues about the company. Sought, GP and Laep don''t want to comment because the dispute is classified. However, the charges for the use of oranges were public, until a month ago, according to a judicial process driven by Laep. In it, the Laep asks would-be oranges are heard by Justice as witnesses for a future lawsuit, which was denied by the judge. The strategy now will be to take the request to hear witnesses in the arbitration process. The use of oranges alleged mind would help shield the wealth of the GP, as it would put those administrators responsible for managing. Among those accused of being oranges''s lawyer Renato Pinheiro, owner of a law firm that bears his name. He wouldn''t give an interview about the LBR, but talked about his activity. When asked about what was an Advisor, said: "participates in meetings". The expertise of the Office of Pinheiro is to sell what is known in the market as "drawer companies." A company using this type of service when in a hurry to create a new CORPORATE and buys one of hundreds of companies already registered in all organs of Governments by the pine tree. Many of the largest companies in the country have in its original corporate Cleber names Would Fernandes and Sueli Ferreti, Office staff and members of dozens of companies. /J G
Parmalat has been a leader in the Country
The LBR, before going into crisis, had a coveted asset on your hands: the Parmalat brand, which was the market leader in the country. With the company''s financial crisis, the label gained notoriety by the hype of mammals came out of circulation for some years. In August 2014, Parmalat was bought by French for Lactalis, which paid relatively cheap – 250,000,000 R$ – by the four plants of the company. The for Lactalis reached relaunch the campaign of mammals last year, but the strategy has not had the same impact. To get an idea of how Parmalat already had a dominant position on the market, the company had 15% of the dairy sector, leaving behind global giants like Switzerland Nestle and Danone French. The financial difficulties have reduced the market share to about a quarter of what has been, for something around 4%.