Rogério Penalva

•In January of 2010, Mr. Penalva founded Synesi, an M&A boutique focused in healthcare, education, renewable energy and death industry. As Synesi's client, DASA pointed Mr. Penalva as head for all M&A activities from 2010 to 2011, been responsible for the merge with MD1, an $1 billion transaction, one of the largest in the diagnostic sector in Brazil. Concomitantly, Mr. Penalva worked, between 2010 and 2011, for Brasil Plural Capital, been part of the group that executed the sale of the Hospital Samaritano, one of the most recognized hospitals in Rio de Janeiro.

•From 2008 to 2009 he was Director of Private Equity at Vision Brazil Investments, a hedge fund with $2 billion under management. He was at the Board of the invested companies, raised funds for new projects and supervised 4 projects: cattle, land, ethanol and renewable energy. From 2004 to 2007 worked as a Director for Patria been responsible for all M&A activity for DASA, an invested company of Patria at that time, also responsible for the sale for some Patria's first fund assets such as Fototica. From 2001 to 2004 he was head of M&A for Allen Global Advisors LLC in Brazil, an M&A boutique focused in cross border transactions in Latin America. Between 1999 and 2001 worked at JP Morgan/Chase, participated in large operations such as the Whirlpool's stock buyback in Brazil, the sale of Ipiranga Group and the spin-off of non financial assets of Bradesco and the creation of Bradespar.

•Between 1996 and 1998 worked at Banco Patrimônio as part of the equity asset management team and responsible for the relationship with Darby Overseas, executing 3 transactions for them, Dixie Toga, Livraria Siciliano and Atlantica Hotels. In the end of 1998 Banco Patrimônio was sold to Chase.

•Previously worked as an equity research analyst at Banco Votorantim, covering sectors such as telecom, auto parts, textile and beverage.

•Mr. Penalva holds a degree in Mechanical Engineering from Universidade de São Paulo - Escola Politecnica