What Pantalica Partners does

Pantalica Partners is a Brazilian boutique corporate finance advisory firm headquartered in São Paulo, with branch offices in Ribeirão Preto and Miami. Founded in 2014 by Salvatore Milanese and Bruno Carvalho, the firm delivers restructuring, turnaround, M&A, capital raising, operational excellence, governance/succession, and distressed-asset advisory services to family businesses, mid-to-large corporates, and special-situations investors across Latin America. Service lines span ten integrated areas covering M&A (buy- and sell-side), capital raising (debt and equity, including IPO advisory and structured finance such as CRI, CRA, FII, FIDC), operational and performance improvement, turnaround planning and implementation, financial restructuring and creditor assistance, crisis cash management, judicial and extrajudicial recovery, exit planning, distressed-asset advisory, and corporate governance/succession for family businesses.

The firm operates on a senior-led professional services model: every engagement is run by partners, and the 7-person public senior team (Milanese, Carvalho, Reichmann, Lotti, Gouveia, Chen, Luzenti) is drawn from Big Four restructuring practices (KPMG, PwC), major Brazilian banks (Unibanco, Bradesco, BBVA), and operating-side experience including a Nasdaq-listed sterilization business. Co-founders Milanese and Carvalho are also active in industry bodies (TMA Brazil) and academia (FGV, FIA). Engagements are project-based or retainer engagements typical of boutique advisory mandates, sourced exclusively through direct senior-level client relationships rather than intermediaries.

Pantalica's reported scale metrics include 200+ transactions, 70+ restructuring projects, and debt restructuring processes exceeding R$ 80 billion in Brazil. The firm is recognized by Debtwire as a top-3 most-sought restructuring advisor in Latin America and by Leaders League as one of the best and most active consulting firms in the region. Legally, the operating entity is PANTALICA CONSULTORIA ESTRATÉGIA LTDA., privately held by its founding partners, with no parent company, subsidiaries, or external funding disclosed; the firm complies with Brazilian data protection (LGPD) and Marco Civil regulations.

Name

Pantalica Partners

Legal name

PANTALICA CONSULTORIA ESTRATÉGIA LTDA.

Website

https://pantalica.com.br

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Pantalica Partners is a Brazilian boutique corporate finance advisory firm, founded in 2014 and headquartered in São Paulo, that delivers restructuring, turnaround, M&A, capital raising, governance, and distressed-asset advisory to family businesses, mid-to-large companies, and special-situations investors across Latin America.

Ownership category

akta.pro rank

Product category

Corporate Finance Advisory

NAICS

Other Management Consulting Services (541618)

SIC

Services-Management Consulting Services (8742), Investment Advice (6282)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

Keywords

• Corporate finance advisory
• Financial restructuring services
• Mergers and acquisitions advisory
• Turnaround consulting
• Capital raising advisory

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Advisory and Consulting Services: Pantalica generates revenue through professional services fees charged for corporate finance advisory engagements, including restructuring and turnaround consulting, M&A advisory, capital raising, operational excellence, governance, and distressed asset advisory. Services are tailored to each client and mandate, with fees likely structured as project-based or retainer arrangements typical of boutique advisory firms.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Pantalica Partners is a boutique corporate finance advisory firm providing senior-led consulting services in M&A, capital raising (debt and equity), turnaround planning, financial restructuring, cash flow/crisis management, judicial and extrajudicial recovery, distressed assets advisory, exit planning, and corporate governance for family businesses. The firm serves family-owned businesses, mid-sized companies, and large enterprises facing financial distress, operational challenges, or strategic transitions in Brazil and across Latin America.

Product overview

Pantalica Partners is a boutique corporate finance consulting firm offering a comprehensive suite of advisory services. The firm operates across 10 integrated service areas: M&A (Mergers and Acquisitions), Capital Raising (including capital markets, mezzanine, structured finance, and IPO advisory), Operational Excellence/Performance Improvement, Turnaround Planning, Financial Restructuring, Cash Flow/Crisis Cash Management, Judicial & Extrajudicial Recovery and Bankruptcy, Exit Planning, Distressed Assets Advisory, and Corporate Governance/Succession services for family businesses. These services are delivered through senior professional teams with expertise in restructuring, turnaround, capital markets, and special situations across Latin America.

Differentiator

Problem solved

Functional benefit

Products and services

• M&A (Mergers and Acquisitions) Advisory Corporate finance advisory for buy-side and sell-side acquisitions, mergers, and joint ventures across sectors including commodities, agriculture, infrastructure, energy, financial services, retail, technology, and education. Target audience: mid-sized companies, large enterprises, and family businesses pursuing strategic transactions.
• Capital Raising Advisory services for obtaining project financing, growth capital, and working capital through capital markets (CRA, CRI, promissory notes), mezzanine operations (warrants, PIK notes, subordinated debt), structured finance (sale & lease back, syndicated loans, FII and FIDC funds), and IPO advisory. Target audience: companies seeking debt or equity financing.
• Operational Excellence / Performance Improvement Services including strategic planning, financial modeling, corporate governance, cost reduction, productivity improvement, labor optimization, revenue increase, working capital optimization, supply chain management, and technological innovation/process improvement. Target audience: companies seeking operational performance enhancements.
• Turnaround Planning and Implementation Planning and execution of turnaround plans addressing sales decline, working capital deterioration, market condition challenges, crisis management, and liquidity concerns, including technology master plans and process redesign. Target audience: companies in financial or operational distress.
• Financial Restructuring / Assistance to Creditors Advisory on debt restructuring, credit covenant compliance, relationship rebuilding with banks and financiers, and ensuring adequate financial structure for business plans. Target audience: companies facing indebtedness and their creditors.
• Cash Flow Management / Crisis Cash Management Short-term cash position management, immediate resource needs assessment, cash generation and preservation actions, and stakeholder relationship management including banks and potential investors. Target audience: companies facing liquidity crises.
• Judicial & Extrajudicial Recovery and Bankruptcy Insolvency advisory, formal protection against creditor actions, asset sale optimization, and end-to-end guidance through judicial and extrajudicial recovery processes and bankruptcy. Target audience: insolvent companies and their stakeholders.
• Exit Plan Advisory on asset/business sales for liquidity generation, non-core area disposition, negotiation strategy, transition period financing, and coordination of sale processes including offer letters and contracts. Target audience: companies seeking to divest assets or operations.
• Distressed Assets Advisory Advisory for specialized investors and multinationals on troubled assets, including business continuation under bankruptcy, asset management for orderly liquidation or rehabilitation, and credit recovery solutions. Target audience: investors in distressed assets and creditors.
• Corporate Governance, Succession and Professionalization for Family Businesses Implementation of corporate governance programs, family succession planning, company professionalization, board establishment (Board of Directors, Advisory Board, Family Council), and conflict mediation. Target audience: family-owned businesses.

Quantifiable outcome

• 200+ transactions completed in Brazil
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Partnerships for Latin America and EuropeminorOthersPantalica has established partnerships for on-site service delivery in other Latin American countries and Europe, complementing its own offices in Brazil and the USA. These alliances enable the firm to serve clients in jurisdictions where it does not maintain a physical office.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• BTG Pactual: Leading Brazilian investment bank with significant M&A, restructuring, and capital markets advisory; competes for larger mid-market and large-cap mandates in Brazil and across LatAm.
• EY-Parthenon (Turnaround, Brazil): Strategy and transactions arm of EY with restructuring capabilities; competes for M&A, turnaround, and restructuring mandates in the Brazilian market.
• PwC (Restructuring, Brazil): Big 4 with a financial restructuring practice in Brazil; multiple Pantalica partners originated here, and the firm competes on similar turnaround and restructuring mandates.
• Deloitte (Restructuring, Brazil): Big 4 with a restructuring and turnaround practice in Brazil; competes for similar mid-to-large distressed mandates and operational improvement engagements.
• KPMG (Turnaround & Restructuring, Brazil): Big 4 with a T&R practice in Brazil; this is precisely where Pantalica's founders previously led teams, making it both a competitor and a primary talent source — competes on larger mandates.
• Lazard (Brazil): Global investment bank with a Brazilian M&A and restructuring advisory presence; competes for sell-side, buy-side, and special situations mandates, especially at the larger end.

Direct peers

• AlixPartners: Global turnaround, restructuring, and performance improvement firm; directly competes for the same Latin American distressed mandates and operational improvement engagements as Pantalica.
• FTI Consulting: Global advisory firm with a dedicated restructuring and special situations practice, active in Latin America; competes for M&A, restructuring, and distressed-asset mandates.
• Alvarez & Marsal: Global restructuring and turnaround specialist with strong Latin America presence; competes directly with Pantalica for distressed and special situations advisory mandates from corporates and creditors.
• Zella Capital Advisors: Brazilian boutique corporate finance and restructuring advisory firm; comparable in scale and service mix to Pantalica, serving mid-market companies in distress and special situations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCme8vdDSJQhaOoUnFLVfxEQ/featured
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• LinkedInlinkedin.com/company/pantalica-partners

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Pantalica Partners