Unique transactions, with strategy, determination and discretion

Advice of the highest level in Mergers and Acquisitions (M&A) supporting entrepreneurs and business families in moments of critical decisions, in which the experience and direct dedication of our senior partners raise the quality of judgment and maximize the result of the transaction.

We build unique transactions, through a versatile approach, appropriate strategies for each moment of the process, pace and dedication in execution and with absolute discretion.

Our Team

Partners with more than 25 years of experience, leading every step of the process

Each Pulsar's transaction is personally conducted by partners with more than 25 years of experience, who always work in pairs, combining complementary backgrounds and ensuring a senior, integrated and responsible performance throughout the process.

Alexandre Flues Ivanoff

André Salomão

Daniel Baldin

Flavio Ramirez

Marco Serra

If you are going through decisions that involve the sale of your business, a corporate restructuring, the purchase of a new business, fundraising, do not hesitate to contact us under absolute confidentiality.

Transactions

Background built on a transaction-by-transaction basis

More than 50 transactions built in the last ten years, total and partial sales, mergers, acquisitions, fundraising, IPO and corporate restructuring

Pulsar acted as exclusive advisor to Pearson, fully conducting the stages of valuation, negotiation and structuring of the sale transaction of Yázigi

January, 2026

Pulsar acted as exclusive advisor to Tirolez in the acquisition process of 100% of the share capital of Levitare

October, 2025

Pulsar acted as exclusive advisor to the minority shareholders of AUTOMOB in the sale of all their remaining shares to Grupo Simpar

JANUARY, 2025

Pulsar acted as exclusive advisor to the shareholders of Lello Condomínio and Hubert Condomínios in the merger of their operations and consolidation of leadership in the condominium management sector

SEPTEMBER, 2024

Services

Mergers & Acquisitions (M&A)

Most companies go into a M&A process without being prepared. This costs transaction multiples, bargaining power, and often transaction failure. At Pulsar, we work before and during the process, so that the client shows up at the negotiation table at the best possible position.

We prepare the company to maximize the value perceived by the investor. Well-prepared companies are worth more and get better negotiating conditions.

We identify opportunities to maximize value from an in-depth reading of the company, the market, and the competitive dynamics of the sector.

Together with the leadership, we build the strategic thesis and a clear and ambitious vision of the future, strengthening the client's business position, justifying higher multiples.

We act with qualified listening, understanding interests, concerns and expectations, and we conduct the process respecting the group's decision-making rhythm, including more complex family and corporate contexts.

We manage each step with discipline, focus and a sense of priority. When the process calls for traction, we accelerate, but with special care in moments of caution, always with the leadership of the senior partners.

We rigorously take care of the details that make a difference, anticipating challenges and preparing the client in advance for each phase of the transaction.

We conduct a broad, structured and persistent search and approach for the ideal investor or target, supported by our local and international network built over more than 25 years.

We act with proximity and aligned interests, with contractual models connected to the results expected by the client. We win when the customer wins.

Strategic Value Creation

Preparation of the company for value maximization and readiness for the transaction, resulting in valuation multiples exceeding the industry benchmark.

We structure controls and reports that increase investor confidence and are directly reflected in the value of the transaction.

We develop ambitious and well-founded business plans capable of evidencing future value creation and sustaining superior multiples.

We support the definition of roles, key leaderships and succession plans. For the investor, knowing that the business continues to work well without depending on a single person is a direct factor in pricing.

We perform quick and in-depth analyses to identify operational inefficiencies and uncaptured revenues, aiming to capture value before the transaction and increase the attractiveness of the business.

We structure the transaction in advance to improve tax efficiency, simplify execution, and maximize value for the client.

Holding a degree in Business Administration from Insper, Alexandre has been working since 2008 in the structuring of mergers and acquisitions and structured debt transactions, advising family-owned businesses and national and multinational groups on strategic and transformational deals.

He built his career in financial markets within the investment banking divisions of Santander and Banco Safra, developing expertise in complex, high-value-added transactions across the corporate and condominium segments.

Throughout his career, he has led and participated in significant transactions in the technology, insurance, agribusiness, infrastructure, and healthcare sectors, maintaining a consistent presence across different market cycles and environments in Brazil. He served on the boards of Quiver and Ahreas, and is a board member of NGO Passos Mágicos.

A partner at Pulsar since 2013, he is focused on creating value for companies and structuring unique, successful transactions for his clients.

Holding a degree in business administration from FGV in 1998 and a postgraduate degree in Corporate Finance and Investments from UCLA in 1999, André has over 25 years of experience in private equity and M&A advisory. He is currently completing a Professional Board Member Training Program at Insper, with expected completion in June 2026.

He built his career in financial markets working in private equity from 2001 to 2019. He started as an analyst at AIG Capital Partners do Brasil in 2001 and, in 2009, alongside four other AIG professionals, co-founded Kinea Private Equity, affiliated with Itaú. At Kinea, he became a partner in 2014 and a member of the investment committee in 2018. Throughout this period, he led and participated in numerous investments and divestitures across the healthcare, education, retail, services, and agribusiness sectors, among others. He served as a formal or advisory board member at companies such as Americanas.com, Sendas Distribuidora, Wizard Language Schools, Delfin Medicina Diagnóstica, and Alliar.

A partner at Pulsar since February 2020, he has led and participated in transactions across the consumer goods, professional services, education, and retail sectors, and has served as an advisory board member at CEMA Hospital Oftalmológico and Grupo Mixed.

Working alongside shareholders, board members, and investors, he pursues excellence in decision-making grounded in detailed analysis and critical thinking, combined with an ethical and professional approach.

Holding a degree in Business Administration from EAESP-FGV and a postgraduate qualification in Corporate Finance from Ibmec/SP, Daniel has over 25 years of experience in investments, mergers and acquisitions, and capital markets, leading strategic and transformational transactions primarily for family-owned businesses in Brazil.

He began his career at Banco Fator, in the research and private equity divisions, before co-founding one of Brazil's most established venture capital firms, DGF Investimentos, together with one of the bank's directors. He subsequently worked as an associate at Brasilpar, one of the largest and most prominent M&A advisory firms of the 1990s and 2000s, before leaving alongside Marco Serra to co-found Pulsar Invest in 2009.

He has led and participated in landmark transactions in the Brazilian market, primarily in the retail and financial services sectors, including the sale of Luck Salgados to PepsiCo, the sale of GPS Investimentos to Swiss bank Julius Baer, and the sale of Consenso Investimentos to UBS, among others. He also served as an advisory board member at companies such as Asvotec Termoindustrial and Mastermaq.

As a founding partner of Pulsar, he operates with a long-term strategic vision, respecting the history, timing, and characteristics of each company, and is consistently focused on generating value for shareholders and family businesses in a precise, ethical, and transparent manner.

Holding a degree in Business Administration from Mackenzie and a postgraduate qualification in Finance from the University of California, Berkeley, Flavio has over 20 years of experience in corporate finance, mergers and acquisitions, and capital markets, leading strategic and transformational transactions for family-owned businesses and multinational groups in Brazil.

He began his career at multinationals such as Shell, Yamaha, and Canon before establishing himself in the financial markets, where he held leadership positions at institutions including Banco ABC, Haitong, BES Investimento, KPMG Corporate Finance, and UBS (the latter in San Francisco, United States).

He has led and participated in landmark transactions in the Brazilian market, primarily in the consumer goods, retail, agribusiness, and telecom sectors, including the sale of Vivo to Telefónica by Portugal Telecom, the merger of Drogarias Pacheco and Drogaria São Paulo, the acquisition of Belagrícola by Chinese group Pengxin, the sale of TBN's river assets (held by Vale) to the J&F group, and the SmartFit IPO process, among others.

A partner at Pulsar since May 2023, he operates with a long-term strategic vision, respecting the history, timing, and characteristics of each company, and is consistently focused on generating value for shareholders and family businesses in a precise, ethical, and transparent manner.

Holding a degree in business administration from Mackenzie University, a degree in Agronomic Engineering from UNESP and MBA from Insper, Marco has over 25 years of experience in mergers and acquisitions and Investments, leading complex, high-impact strategic transactions.

He built his career at top-tier institutions such as Booz-Allen and Lloyds, and was a partner at Brasilpar and GPS Investimentos before founding Pulsar. Throughout his career, he led the origination, structuring, and execution of transactions that created value and redefined industries.

He has been involved in some of the country's most significant deals, including the largest transactions in wealth management, K-12 education, hardware as a service, educational publishing, and snack food, as well as operations in banking technology, aviation, agribusiness, and software. He also played a key role in structuring transactions that created market leaders in wealth management, condominium management, dairy and cheese, and software.

He has served on the boards of companies and institutions such as TAM, Laticínios Tirolez, Microcity, GPS, IT Mídia, Escola Móbile, and Mixed.

He serves as a strategic partner to shareholders, CEOs, and investors in critical decisions around growth, liquidity, and repositioning, delivering precise and confidential execution.