Features
Considering the extensive pipeline of highway auctions in Brazil, Way Brasil and Kinea formed a platform to invest in new highway concessions in Brazil’s Central-West region, an area well known to and operated by the group. To date, the platform has secured three new highway concessions: Way 262, Way 364 and Way 153. In addition, the group operates two existing concessions – Way 306 and Way 112 – in which Kinea holds a minority interest.
Investment Cases
Way 262
Highways
About the company
The first project of the Highways Strategy and the fourth investment of the Kinea Equity Infra I Strategy is the BR-262/MG highway concession, also known as Rota do Zebu, a stretch connecting Uberaba and Betim in the state of Minas Gerais.
Way 364
Highways
About the company
The second project of this platform is the highway concession known as Rota Agro, comprising sections of the BR-060 and BR-364 federal highways in the states of Goiás and Mato Grosso. The project includes planned capacity-expansion and improvement works, maintenance and operational services.
Way 153
Highways
About the company
The third project of this platform is the Rota Sertaneja highway concession, comprising sections of the BR-153 and BR-262 federal highways in the states of Goiás and Minas Gerais. The project includes planned capacity-expansion and improvement works, maintenance and operational services.
Way 306 and Way 112
Highways
About the company
Way Brasil operates two state highways in Mato Grosso do Sul: Way 306 and Way 112. These concessions were initially operated jointly with an asset manager that is currently divesting its Brazilian operations. Accordingly, Way Brasil, in partnership with Kinea, acquired the asset manager’s stake.
Team
André Figueira
Head of Kinea Equity Infra
André Figueira joined Kinea Investimentos in 2022 to lead its Infrastructure Private Equity business. From 2015 to 2021, André worked in the infrastructure practice at Pátria Investimentos, while also serving as CFO of Argo Energia from 2016 to 2020. Prior to Pátria, he worked as an Associate in the Investment Banking team at Bank of America Merrill Lynch. He began his career at Czarnikow Group, a sugar and biofuels trading company. André holds a degree in Business Administration from PUC-Rio and an MBA from London Business School.
Leonardo Gadelha
Investments
Leonardo joined Kinea Investimentos in 2022 as a member of the Infrastructure Private Equity team. From 2016 to 2022, he worked on the Infrastructure team at Pátria Investimentos. During that period, Leonardo participated in the structuring and management of FIPs-IE invested in wind and hydroelectric power-generation companies. He also took part in the initial public offering of Hidrovias do Brasil. Earlier in his career, he was part of the team that won ARTESP’s 2017 auction for Lot D, which led to the creation of the current Entrevias highway concessionaire. Leonardo holds a degree in Aeronautical Mechanical Engineering from the Aeronautics Institute of Technology (ITA).
Saulo Gallegos
Investments
Saulo joined Kinea Investimentos in October 2022 as a member of the Infrastructure Private Equity team. From 2020 to 2022, he worked at HIX Capital, first as an intern and subsequently as an Equity Research Analyst covering the oil and gas, logistics and transportation, and sanitation sectors. Prior to HIX, he was an intern at the NBFA law firm, associated with the Spanish firm Garrigues, where he worked on project-finance and mergers-and-acquisitions transactions, as well as strategic litigation matters. Saulo holds a law degree from PUC-SP.
Eduarda Saurin
Investments
Eduarda joined Kinea Investimentos in April 2023 as a member of the Infrastructure Private Equity team. Prior to Kinea, she was an Investment Banking intern at Morgan Stanley. In 2021, she was an intern on the Investment Banking team at One Partners. Eduarda holds a degree in Business Administration from Insper Institute of Education and Research.
Bruno Catelli
Investments
Bruno joined Kinea Investimentos in 2024 as a member of the Infrastructure Private Equity team. He holds a degree in Business Administration from Fundação Getulio Vargas (FGV-EAESP).
Victor Penayo
Investments
Victor joined Kinea Investimentos in October 2025 as a member of the Infrastructure Private Equity team. Prior to Kinea, he was an Investment Banking Analyst at Lazard. Victor holds a degree in Civil Engineering from the Polytechnic School of the University of São Paulo (Poli-USP).
Documents
| Nome do Documento | Data da Atualização | |
|---|---|---|
| Anúncio de Encerramento
1/2026 |
1/2026 | |
| Prospecto
1/2026 |
1/2026 | |
| Lâmina
1/2026 |
1/2026 | |
| Comunicado ao Mercado
1/2026 |
1/2026 | |
| Anúncio de Início
11/2025 |
11/2025 | |
| Regulamento
8/2025 |
8/2025 | |
Para documentos antigos acesse nossa seção de documentos.
