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

1953

The Lorentzen Group starts activities in Brazil, acquiring Esso Gás (currently Supergasbras).

1963

Acquisition of Norsul, a trade shipping company for dry and liquid bulk, neo-bulk, general cargo and project cargo.

1967

Acquisition of Aracruz (currently Fibria), which would become the leader in the segment of high-yield eucalyptus forests and the world's largest producer of bleached pulp.

1972

Supergasbras sale.

1992

Aracruz becomes the first Brazilian company to offer ADRs on the New York Stock Exchange.

1995

Erling Lorentzen was one of the pioneering members of the Business Council for Sustainable Development (BCSD, now the World Business Council for Sustainable Development, WBCSD

1999

Norsul becomes the largest private dry bulk transport company in the country.

2006

Aracruz becomes the first forestry company in the world to be part of the Dow Jones Sustainability Index.

2007

Acquisition of Norflor, a solutions company for the global forestry market.

2008

Sale of Aracruz to Grupo Votorantim for US$ 547 million

2009

Creation of Lorinvest, the asset management company of the Lorentzen Group.

2011

Investment in Biofílica, a company that specializes in forest conservation and the commercialization of environmental services.

2013

Norflor's operation starts to focus on municipalities in Minas Gerais with one of the worst HDIs in the country.
Investment in New Steel, a company that develops a disruptive technology for dry iron ore processing.

2016

Acquisition of Target Bank, a fintech pioneer in the integrated offer of means of payment and financial solutions for logistics companies, truck drivers and fuel networks.

2019

Investment in Gas Bridge, a pioneer company in Brazil, with solutions for the commercialization and storage of natural gas. The product is strategic in the transition to a low carbon economy, in addition to guaranteeing energy security in the country.
Investment in Akron, a financial solutions group for companies undergoing restructuring.
Sale of New Steel to Vale for US$ 500 million.

2020

Norsul becomes the first shipping company in Brazil to neutralize 100% of CO2 emissions from its transport and fuels.
Acquisition of Manati, one of the largest non-associated gas fields in Brazil.
Akron acquires an area of 1 million m2 in Bahia where, for 40 years, ClubMed operated. The new construction will be one of the largest fractional properties in Brazil.

2021

Norsul becomes a multimodal logistics solutions company, operating in road and rail transport and offering cargo storage services and special projects.

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

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.

Luiz Aranha Corrêa do Lago

Member of the Board of Directors of Lorentzen Empreendimentos S.A. since 2009, he was also a member of the Board at Companhia Brasileira de Distribuição (Grupo Pão de Açúcar) from 2014 to 2018. 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.

Christian Lorentzen

He has been working at Lorinvest since 2015 in the business development area and as CEO of one of the investee companies. He worked in the financial area of ​​New Steel for 1 year helping to develop the company. He worked 2 years at Vinci Partners Resource Management in the areas of private credit and Real Estate. Graduated in Business Administration from PUC-RIO.

Leonardo Szczerb

Economist graduated from IBMEC/RJ. MBA in Finance from FGV and IBMEC. He has more than 10 years of experience in the financial area having worked in large companies such as Banco BBM, Fundo de Pensão Embratel and Rede Globo. He joined the Lorentzen Group in 2011 and became CFO of New Steel.

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.

Peter Boot

Executive Officer, started in the group as CFO of the investee New Steel in 2012. He has 35 years of experience in the financial market in several countries in Latin America, of which 15 years at ING Bank. Graduated in Business Administration – Entrepreneurial Studies at Babson College, MA, USA.

Domenica Noronha

Domenica Noronha is responsible for evaluating and structuring new businesses, coordinating research teams, and outlining financial evaluations and investments of multiple projects. She sits in the Board of Directors of some investee companies and has joined the group in 2021.

From 2010 to 2021, she was a partner at Tempo Capital, a fundamentalist manager of Brazilian stocks. There, she performed various roles, such as research and support for external funding. During this period, she was a member of the fiscal councils of large companies, such as Oi, Usiminas, Bradespar, Light and Embratel.

She worked at Banco Morgan Stanley from 1999 to 2010, in New York and São Paulo. She was the executive director responsible for executing capital markets for Latin America. There, she coordinated equity and debt issues for several companies including Gol, BM&F, Fleury, Cesp, Telefonica, Cosan, Ultrapar, Embraer, Petrobras, BNDES, FEMSA, Copa Airlines, Bunge, among others.

She graduated with honors in Finance and International Business with a minor in Economics from Georgetown University. She holds several professional certifications: CFA Charterholder, CGA, CPA-20, Series 7, FSA.

Pilar Perez

Participated in the creation of Lorinvest in 2009. Responsible for capital market issues at Lorinvest and the investment funds, M&A operations 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. In 2018 she was one of the 100 attorneys recognized by GC Powerlist: Brazil – The Legal 500. In 2020 she completed the Post-Graduation in Specialization in Business Management from Fundação Dom Cabral and obtained the Professional Certification in Anti-Corruption Compliance – CPC-A by Legal, Ethics and Compliance in partnership with FGV Projetos.

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.

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.

Member of the Board of Directors of Lorentzen Empreendimentos S.A. since 2009, he was also a member of the Board at Companhia Brasileira de Distribuição (Grupo Pão de Açúcar) from 2014 to 2018. 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.

He has been working at Lorinvest since 2015 in the business development area and as CEO of one of the investee companies. He worked in the financial area of ​​New Steel for 1 year helping to develop the company. He worked 2 years at Vinci Partners Resource Management in the areas of private credit and Real Estate. Graduated in Business Administration from PUC-RIO.

Economist graduated from IBMEC/RJ. MBA in Finance from FGV and IBMEC. He has more than 10 years of experience in the financial area having worked in large companies such as Banco BBM, Fundo de Pensão Embratel and Rede Globo. He joined the Lorentzen Group in 2011 and became CFO of New Steel.

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.

Executive Officer, started in the group as CFO of the investee New Steel in 2012. He has 35 years of experience in the financial market in several countries in Latin America, of which 15 years at ING Bank. Graduated in Business Administration – Entrepreneurial Studies at Babson College, MA, USA.

Domenica Noronha is responsible for evaluating and structuring new businesses, coordinating research teams, and outlining financial evaluations and investments of multiple projects. She sits in the Board of Directors of some investee companies and has joined the group in 2021.

From 2010 to 2021, she was a partner at Tempo Capital, a fundamentalist manager of Brazilian stocks. There, she performed various roles, such as research and support for external funding. During this period, she was a member of the fiscal councils of large companies, such as Oi, Usiminas, Bradespar, Light and Embratel.

She worked at Banco Morgan Stanley from 1999 to 2010, in New York and São Paulo. She was the executive director responsible for executing capital markets for Latin America. There, she coordinated equity and debt issues for several companies including Gol, BM&F, Fleury, Cesp, Telefonica, Cosan, Ultrapar, Embraer, Petrobras, BNDES, FEMSA, Copa Airlines, Bunge, among others.

She graduated with honors in Finance and International Business with a minor in Economics from Georgetown University. She holds several professional certifications: CFA Charterholder, CGA, CPA-20, Series 7, FSA.

Participated in the creation of Lorinvest in 2009. Responsible for capital market issues at Lorinvest and the investment funds, M&A operations 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. In 2018 she was one of the 100 attorneys recognized by GC Powerlist: Brazil – The Legal 500. In 2020 she completed the Post-Graduation in Specialization in Business Management from Fundação Dom Cabral and obtained the Professional Certification in Anti-Corruption Compliance – CPC-A by Legal, Ethics and Compliance in partnership with FGV Projetos.

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.

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.