About us

An Asset manager inspired by  the Lorentzen Group’s vision, Lorinvest preserves its mission and values, identifying and opening opportunities to develop new businesses.

We seek unique, scalable projects that are adaptable to the market’s dynamics and to changes taking place in the world economy. Such investments must be innovative, have a strong growth potential, solid cash generation and be environmentally, socially and economically sustainable.

We think globally, even when these concepts are applied in specific context. We operate in five major business development niches: shipping and logistics through Norsul; forestry assets through Norflor; fintech through Target; financial solutions through Akron Capital and industrial technology through Hankoe FIP, which currently holds investments in silica, algae and rubber regeneration projects, among others.

In addition to disseminating its organizational culture and values, Lorinvest works towards revealing new talents to develop its businesses. We strengthen the team’s identity, always respecting and valuing the diversity, knowledge and opinion of the employees of each invested company.

Timeline / Lorinvest

2009

Creation of Lorinvest
Gestão de Recursos
FIP Hankoe adquire
acquires stake in Aflopar

2010

FIP Hankoe takes control of Aflopar and acquires stake in Norsul

2012

FIP Hankoe acquires stake in New Steel

2013

FIP Hankoe sells part of Aflopar's forests and concentrates operation in seven municipalities of the state of Minas Gerais, obtaining a significant return on the divestment
FIP Hankoe takes control of New Steel
FIP Hankoe acquires stake in Target Meio de Pagamentos

2016

FIP Hankoe takes control of Target Meio de Pagamentos

2019

FIP Hankoe sells New Steel to Vale in January

Our values

To manage human and financial capital with excellence, linking the industrial and financial worlds.

To manage with excellence, combining human and financial resources, while maintaining its pioneering, innovative and sustainable approach with high returns for shareholders, the environment and the people it relates with.

Our behavior, initiatives and relationships are based on character integrity. We practice what we preach. Our conduct must be in tune with our values. Consistency between discourse and practice requires courage, discipline and dedication by each of our collaborators.

We are proud of our values and where we work. Consequently, we all think, act and take care of business with an owner’s attitude. We believe that individual commitment, with authority and responsibility, makes us reach our goals.

We believe that we can evolve in everything and that ordinary activities can be done in an extraordinary way.

We encourage teamwork, solidarity, persistence, enthusiasm, resilience and boldness. We value the diversity of talents, experience, knowledge and opinions.

We believe that individual initiatives complement and value teamwork. We support the development of our employees knowing that it depends, to a large extent, on the commitment and motivation of each individual.

We work hard with sparkling eyes to achieve our goals.

Origins

The acquisition of Esso Gás in 1953 marks the beginning of the Lorentzen Group’s operations in Brazil. Taking advantage of an opportunity to expand his family’s enterprises, Erling Lorentzen bought Exxon gas distributor in Brazil, starting a success story of over six decades.

Subsequently named Gasbras, the company merged with Supergas in 1968. The new company was then renamed Supergasbras and achieved strong growth by multiplying its client portfolio and market value. The proceeds from its sale in 1972 enabled the Lorentzen Group to make important new investments.

The foundation of Companhia de Navegação Norsul and Aracruz Florestal occurred earlier in the 1960s. Following Lorentzen family’s original talent, Norsul became the largest private dry bulk carrier along Brazil’s coast, in addition to carrying liquid bulk.

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Lorentzen Group’s operations in the chemical-industrial sector developed between 1976 and 2000, in a partnership with Norway’s Elkem, to whom it ended up selling its holdings in Carboindustrial and Carboderivados.

Aracruz represents an important milestone not only for the Lorentzen Group, but also for Brazil and the world’s pulp industry. Featuring high-performance and leadership in the segment of high-yield eucalyptus forests, the company is the world’s largest producer of bleached pulp. Aracruz was the first Brazilian company listed on the New York Stock Exchange and the only forestry company in the world to participate in the Dow Jones Sustainability Index from the very start.

After more than 30 years managing Aracruz Celulose, in 2008 the Lorentzen Group sold its shareholdings to Votorantim Group. That company held its position as world leader in the production of eucalyptus pulp, now under the name of Fibria.

Lorentzen Group’s activities have been growing since 2006, when Aflopar was founded. In 2009, Lorinvest was created with the task of managing the Group’s investments and funds, starting a new development cycle.

With hard work, determination, focus on innovation and high profitability, the Lorentzen Group built a reputation for integrity throughout its history, based on transparency and accountability.

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About us
Timeline / Lorentzen Group

1953

The Lorentzen Group starts operations in Brazil by acquiring Esso Gás

1963

Beginning of Companhia de Navegação Norsul activities

1967

Foundation of Aracruz Florestal

1968

Merger of Esso Gas with Supergas, giving origin to Supergasbras

1972

Supergasbras sale generates funds for important investments

1975

Norsul Offshore starts maritime support vessel operations

1976

Beginning of operations in the chemical-industrial sector through Carboindustrial and Carboderivados

1989

Norsul Offshore becomes Brazil’s leader in maritime support vessel operations
Creation of Norsul Internacional – Norinter

1996

Merger of Norsul Offshore with Consub, and sale of the new company in 1997

1997

Norinter becomes the largest national carrier of pulp, orange juice and loose cargo from Brazil to Europe and the USA

1999

Norsul becomes the largest private dry bulk carrier company in Brazil

2000

Sale to Elken Norway of stakes in Carboindustrial and Carboderivados

2006

Foundation of Aflopar

2008

Sale of the Lorentzen Group’s stakes in Aracruz

2009

Creation of the fund management company Lorinvest

Team

Haakon Lorentzen

Haakon Lorentzen is also Chairman of the Board of Directors of Harvard Business School in Latin America. He was a member of the Board of Aracruz Celulose from 1991 to 2009 and is currently a member of the Board of Directors of WWF Brasil, Endeavor and Ibio. With a degree in Economics from the Pontifícia Universidade Católica do Rio de Janeiro, he completed his training in the United States at Crowley Maritime Corp San Francisco (1984) and Harvard Business School Executive Education PMD (1987

Luciano Puccini Medeiros

Chief Executive Officer also in charge of Risk and Compliance at Lorinvest, Luciano Medeiros has been a member of the Lorentzen Group since 2011 as Executive Officer for Business Development. He was a partner of Barbosa Müssnich & Aragão law firm (BMA Law) for 11 years, where he led the M&A and capital markets group. With a Law degree from Universidade Cândido Mendes Law College, he worked from 1992 to 1999 at Banco Pactual, one of Brazil’s leading investment banks.

José Manuel Oliveira Carregal

Responsible for structuring and creating Lorinvest, José Manuel Carregal has been the manager of Lorinvest since 2009. Accredited by Brazil’s Securities Commission – CVM since 1994, he is the officer in charge of Managing Lorinvest’s Securities Portfolio. He was Chief Financial Officer of Embratel and its pension fund and managed Banco Liberal’s international operations desk. Besides a Bachelor degree in Economics from Cândido Mendes College, he has a postgraduate degree in Finance from IBMEC-RJ. He also holds a master’s degree in economics from EPGE/FGV and is a former postgraduate professor at FGV.

Luiz Aranha Corrêa do Lago

Member of the Board of Directors of Lorentzen Empreendimentos S.A. since 2009, he has also been a member of the Board at Companhia Brasileira de Distribuição (Grupo Pão de Açúcar) since 2014. He was officer of Lorentzen Empreendimentos from 1988 to 2006 and Member of the Board at Aracruz Celulose, Veracel and Norsul from 1988 to 2010. Luiz Aranha Corrêa do Lago was also Capital Markets Director at Brazil’s Central Bank in 1987 and 1988. From 1981 to 1986, he was Head of the Center for Monetary Studies and International Economics at Getúlio Vargas Foundation. Besides a Bachelor´s in Economics from Universidade Federal do Rio de Janeiro, he holds a Master’s degree from Duke University and a Ph.D. in Economics from Harvard University. Since 1979 he has been a professor of economics at the Pontifícia Universidade Católica do Rio de Janeiro.

Maria Clara Assis

Executive Officer at Lorinvest since 2011. Over 30 years of experience in the Paper & Pulp industry, holding different strategic positions at Aracruz Celulose, Veracel and Fibria Celulose from 1984 to 2011. Graduated in Economics from Cândido Mendes University, holds a post-graduate degree in Finance from IBMEC – RJ and specialization courses from Wharton Business School and INSEAD.

Laila Helayel

Responsible for M&A operations and corporate issues of the invested companies, Laila is a member of Lorinvest since 2011. Worked at Vale Group from 2005 to 2011: Fundação Vale do Rio Doce de Seguridade Social – Valia (2005 to 2008) and Log-In Logística Intermodal (2008 to 2011), legal counsel responsible for corporate governance area. Hold’s a Law Degree from Cândido Mendes University with Post-Graduate course in Business Law from FGV.

Pilar Perez

Member of Lorentzen Group since 2003, participated in the creation of Lorinvest in 2009. Responsible for capital market issues at Lorinvest and the investment funds and corporate affairs of the invested companies. In charge of Human Resources, Corporate Ethics and Compliance at Lorinvest. Worked in the tax and corporate law areas of Prisco Paraiso, Cattley and Carvalho Neto law office between 1999 and 2003. Graduated in Law from Cândido Mendes University, Economics and Business Law from Getulio Vargas Foundation, holds a LLM degree in International and Economic Law from the University of Warwick, England.

Ronaldo Borgerth

Works at Lorinvest since 2015 and is responsible for the company’s Investments area. Worked at Andrade Gutierrez Structured Business area, coordinating several Public-Private Partnership and Project Finance initiatives between 2013 and 2015. M&A consultant at KPMG Corporate Finance from 2011 to 2013. Graduated in Economics from PUC-Rio, holds a Master’s Degree in Business Administration with specialization in Real Options from IAG PUC-Rio. Ronaldo is certified as an Investment Specialist by Anbima.

Bruno Obata

Works at Lorinvest since 2015 and is responsible for the company’s Controllership area. Research manager at Ativa Investimentos, worked in the company’s Risk area between 2011 and 2015. Graduated in Applied Mathematics for Business from the Federal University of Rio de Janeiro (Universidade Federal do Rio de Janeiro), holds a Master’s degree in Mathematical Methods for Finance from the Institute of Pure and Applied Mathematics (Instituto de Matemática Pura e Aplicada). Bruno is certified as an Investment Specialist by Anbima.

Haakon Lorentzen is also Chairman of the Board of Directors of Harvard Business School in Latin America. He was a member of the Board of Aracruz Celulose from 1991 to 2009 and is currently a member of the Board of Directors of WWF Brasil, Endeavor and Ibio. With a degree in Economics from the Pontifícia Universidade Católica do Rio de Janeiro, he completed his training in the United States at Crowley Maritime Corp San Francisco (1984) and Harvard Business School Executive Education PMD (1987

Chief Executive Officer also in charge of Risk and Compliance at Lorinvest, Luciano Medeiros has been a member of the Lorentzen Group since 2011 as Executive Officer for Business Development. He was a partner of Barbosa Müssnich & Aragão law firm (BMA Law) for 11 years, where he led the M&A and capital markets group. With a Law degree from Universidade Cândido Mendes Law College, he worked from 1992 to 1999 at Banco Pactual, one of Brazil’s leading investment banks.

Responsible for structuring and creating Lorinvest, José Manuel Carregal has been the manager of Lorinvest since 2009. Accredited by Brazil’s Securities Commission – CVM since 1994, he is the officer in charge of Managing Lorinvest’s Securities Portfolio. He was Chief Financial Officer of Embratel and its pension fund and managed Banco Liberal’s international operations desk. Besides a Bachelor degree in Economics from Cândido Mendes College, he has a postgraduate degree in Finance from IBMEC-RJ. He also holds a master’s degree in economics from EPGE/FGV and is a former postgraduate professor at FGV.

Member of the Board of Directors of Lorentzen Empreendimentos S.A. since 2009, he has also been a member of the Board at Companhia Brasileira de Distribuição (Grupo Pão de Açúcar) since 2014. He was officer of Lorentzen Empreendimentos from 1988 to 2006 and Member of the Board at Aracruz Celulose, Veracel and Norsul from 1988 to 2010. Luiz Aranha Corrêa do Lago was also Capital Markets Director at Brazil’s Central Bank in 1987 and 1988. From 1981 to 1986, he was Head of the Center for Monetary Studies and International Economics at Getúlio Vargas Foundation. Besides a Bachelor´s in Economics from Universidade Federal do Rio de Janeiro, he holds a Master’s degree from Duke University and a Ph.D. in Economics from Harvard University. Since 1979 he has been a professor of economics at the Pontifícia Universidade Católica do Rio de Janeiro.

Executive Officer at Lorinvest since 2011. Over 30 years of experience in the Paper & Pulp industry, holding different strategic positions at Aracruz Celulose, Veracel and Fibria Celulose from 1984 to 2011. Graduated in Economics from Cândido Mendes University, holds a post-graduate degree in Finance from IBMEC – RJ and specialization courses from Wharton Business School and INSEAD.

Responsible for M&A operations and corporate issues of the invested companies, Laila is a member of Lorinvest since 2011. Worked at Vale Group from 2005 to 2011: Fundação Vale do Rio Doce de Seguridade Social – Valia (2005 to 2008) and Log-In Logística Intermodal (2008 to 2011), legal counsel responsible for corporate governance area. Hold’s a Law Degree from Cândido Mendes University with Post-Graduate course in Business Law from FGV.

Member of Lorentzen Group since 2003, participated in the creation of Lorinvest in 2009. Responsible for capital market issues at Lorinvest and the investment funds and corporate affairs of the invested companies. In charge of Human Resources, Corporate Ethics and Compliance at Lorinvest. Worked in the tax and corporate law areas of Prisco Paraiso, Cattley and Carvalho Neto law office between 1999 and 2003. Graduated in Law from Cândido Mendes University, Economics and Business Law from Getulio Vargas Foundation, holds a LLM degree in International and Economic Law from the University of Warwick, England.

Works at Lorinvest since 2015 and is responsible for the company’s Investments area. Worked at Andrade Gutierrez Structured Business area, coordinating several Public-Private Partnership and Project Finance initiatives between 2013 and 2015. M&A consultant at KPMG Corporate Finance from 2011 to 2013. Graduated in Economics from PUC-Rio, holds a Master’s Degree in Business Administration with specialization in Real Options from IAG PUC-Rio. Ronaldo is certified as an Investment Specialist by Anbima.

Works at Lorinvest since 2015 and is responsible for the company’s Controllership area. Research manager at Ativa Investimentos, worked in the company’s Risk area between 2011 and 2015. Graduated in Applied Mathematics for Business from the Federal University of Rio de Janeiro (Universidade Federal do Rio de Janeiro), holds a Master’s degree in Mathematical Methods for Finance from the Institute of Pure and Applied Mathematics (Instituto de Matemática Pura e Aplicada). Bruno is certified as an Investment Specialist by Anbima.