RGS Partners

What RGS Partners does

RGS Partners is an independent, partner-led financial advisory boutique headquartered in São Paulo, Brazil, specializing in mergers and acquisitions and debt capital markets advisory for the Brazilian middle market. Founded in 2011, the firm employs approximately 50 professionals and has led more than 300 transactions, completed more than 80 deals, and transacted over R$15 billion in cumulative deal value, with roughly 30% of mandates involving cross-border counterparties. Its service offering spans sell-side and buy-side M&A advisory, joint ventures, equity fundraising, and a dedicated DCM practice covering Commercial Notes (Notas Comerciais), Debentures, CRIs, CRAs, and FIDCs with a stated minimum ticket of R$30 million.

The firm's competitive position rests on a proprietary network of 2,000+ strategic buyer relationships and 250+ investment funds, a partner-driven execution model in which senior leaders participate directly in deal strategy, and a roster of partners sourced from BTG Pactual, J.P. Morgan, Credit Suisse, Deutsche Bank and top Brazilian academic institutions. RGS Partners has held top-tier positioning in the Leaders League M&A Brasil ranking for four consecutive years and was recognized in the Mergermarket (Acuris) 2022 transaction-based ranking, reinforcing its brand authority in the independent advisory segment.

Revenue is generated on a transaction-fee basis, tied to successful completion of M&A and DCM mandates, with no recurring subscription or platform revenue streams. The firm operates without a proprietary technology platform, without external institutional ownership, and without public funding rounds disclosed in the available data; growth is organically funded through deal economics and partner reinvestment. No API, software product, or AI/ML capabilities are disclosed — service delivery is human-capital and relationship intensive.

Name

RGS Partners

Legal name

RGS Partners Assessoria Financeira Ltda.

Website

https://rgspartners.com.br

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

RGS Partners is an independent São Paulo-based M&A and debt capital markets boutique serving Brazilian middle-market companies and cross-border acquirers, led by ~50 professionals with a track record of R$15B+ in transacted deal value.

Ownership category

akta.pro rank

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. M&A Advisory Fees: Transaction-based fees for sell-side and buy-side advisory services, mergers, joint ventures, and equity fundraising. Revenue generated upon successful completion of transactions.
2. Capital Markets Advisory: Advisory fees for debt capital market operations including Notes Comerciais, Debêntures, CRIs, CRAs and FIDCs. Operations starting from R$ 30 million minimum.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

RGS Partners is an independent M&A boutique investment bank providing sell-side and buy-side mergers and acquisitions advisory, joint ventures, and equity fundraising for Brazilian middle-market companies. Its Capital Markets practice advises on debt capital market transactions including Notas Comerciais (Commercial Notes), Debentures, CRIs, CRAs, and FIDCs, with a minimum transaction size of R$ 30 million. Engagements are delivered by approximately 50 professionals with partners directly involved in execution strategy.

Product overview

RGS Partners operates as a financial advisory firm offering two core service lines: M&A Advisory and Capital Markets Advisory (DCM). The firm provides sell-side and buy-side advisory, joint ventures, and equity fundraising under its M&A practice, while its capital markets arm focuses on debt instruments including Notas Comerciais, Debentures, CRIs, CRAs, and FIDCs. The firm does not offer a technology product but rather professional advisory services delivered by a team of approximately 50 professionals.

Differentiator

Problem solved

Functional benefit

Products and services

• M&A Advisory (Mergers and Acquisitions)
• Capital Markets Advisory (DCM)

Quantifiable outcome

• 300+ transactions led
• +3 more outcomes

Named customers16 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• BR Partners: Brazilian boutique investment bank focused on M&A advisory and capital markets for middle-market clients — the closest structural analogue to RGS Partners in Brazil.
• Lincoln International: Global mid-market M&A advisory boutique; similar deal size profile, sector-agnostic approach, and relationship-driven execution model to RGS.
• Houlihan Lokey: Global independent investment bank specializing in M&A and capital markets advisory for mid-market clients; comparable business model to RGS's independent, relationship-led boutique structure.

Broad incumbents

• Lazard: Global financial advisory firm with strong Latin America M&A coverage; competes with RGS on larger Brazilian mid-market and cross-border mandates.
• BTG Pactual: Brazil's largest independent investment bank offering full-service M&A, DCM and ECM coverage; competes with RGS for mid-market mandates and is the alumni source of several RGS partners.
• Banco Votorantim: Brazilian universal bank with an active investment banking practice covering M&A and DCM in the mid-market, competing for advisory mandates.
• Itaú BBA: Investment banking arm of Itaú Unibanco with broad M&A and DCM capabilities across Brazilian mid- and large-cap; a recurring competitor on RGS's mandates.
• Banco Safra (BBI): Brazilian full-service bank with a strong investment banking division active in M&A and DCM in the middle market.
• Morgan Stanley (Brazil): Global bulge-bracket bank with an established São Paulo office covering Brazilian M&A; competes with RGS on larger and cross-border processes.

Regional players

• Vinci Partners: Brazilian alternative asset manager and advisory firm with M&A and capital markets capabilities serving Brazilian corporates; overlaps with RGS on advisory mandates and PE exit work.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RGS Partners