Macquarie × Solví — Recurring Corporate Governance via RSI
A mandate different from M&A: the board that has no end date.
▶ QUICK SUMMARY
Solví Participações — one of Brazil's largest waste management platforms, with R$3.5 billion in revenue and operations in three countries — has been a Macquarie Asset Management portfolio company since 2019. During the pandemic, Alex Barros interpreted via RSI the monthly board meetings between Solví's Brazilian leadership and Macquarie's Australian representatives, in a mandate with no defined end date.
A different mandate — governance, not M&A
Most simultaneous interpretation cases in corporate finance are one-off: an M&A deal with a beginning, middle and end — lingo interprets the management presentation, the due diligence, the signing, and the mandate ends.
The Macquarie × Solví mandate is different in nature. A company board like Solví's has no end date — it meets monthly, for years, to deliberate on strategy, investments, ESG, governance and operational performance. With Australian Macquarie representatives in a distant time zone and meetings that became fully remote during the pandemic, lingo provided RSI on a recurring basis for several years.
In M&A, the interpreter prepares a glossary, interprets the event, and it's done. In recurring corporate governance, the interpreter builds a terminological memory of the company — internal projects, the metrics the board tracks, executive names, the company's specific vocabulary. Terminological consistency across meetings is as important as precision in any single meeting.
Solví and its scale
Solví isn't a small company. With R$3.5 billion in revenue and operations in Brazil, Peru and Argentina, it's one of the anchors of Macquarie's infrastructure portfolio in Brazil — accounting for more than 20% of all urban solid waste properly disposed of in the country, serving more than 10 million people.
The Caieiras Biomethane Plant — part of Macquarie's investment in Solví's waste-to-energy process — produces approximately 70,000 m³/day of biomethane, a renewable fuel essential to the energy transition. Solví was a pioneer in Brazil in trading landfill carbon credits.
Macquarie Asset Management is the asset management arm of the Australian financial group Macquarie Group (ASX:MQG), with more than US$646 billion in assets under management across 33 countries. In Brazil, besides Solví, Macquarie holds stakes in CLI (Corredor Logística e Infraestrutura) and Ventos de São Zacarias, among other infrastructure assets.
RSI during the pandemic — the mandate that didn't stop
In March 2020, in-person meetings with international participants became impossible. For companies with foreign investors — like Solví with Australian Macquarie — corporate governance needed to keep happening, regardless of travel restrictions and distancing.
lingo provided RSI for the board meetings throughout the pandemic period, allowing Macquarie's Australian executives and Solví's Brazilian leadership to deliberate with precision — in English and Portuguese — via videoconferencing platform, as if they were in the same room.
This is one of the least documented aspects of RSI: it isn't just large conference events that need remote interpretation. Boards of directors with international members need interpretation every meeting — a continuous, recurring flow, invisible to outsiders.
Vocabulary — waste, energy and governance
| Term (EN) | Equivalent (PT) | Context |
|---|---|---|
| Waste-to-energy / biomethane | Waste-to-energy / biomethane | Process of converting landfill biogas into biomethane — energy transition vocabulary in waste management |
| Carbon credits / REDD+ | Carbon credits / landfills | Solví was a pioneer in landfill carbon credits in Brazil — voluntary carbon market and corporate ESG vocabulary |
| Tipping fee / gate fee | Waste disposal fee | Fee charged per ton of waste received — central revenue metric for landfills and processing units |
| Landfill / sanitary landfill | Landfill / sanitary landfill | Important sector distinction: controlled landfill vs. sanitary landfill with EVTEA — relevant for licensing and carbon credits |
| Portfolio company / investee | Portfolio company / investee | Private equity investor language for the company that received the investment |
| Board resolution / quorum | Board resolution / quorum | Governance vocabulary requiring absolute precision — a misinterpreted resolution can have legal consequences |
Frequently asked questions
What is Solví Participações?+
One of Brazil's largest waste management platforms, with R$3.5 billion in revenue and operations in Brazil, Peru and Argentina. It accounts for more than 20% of all urban solid waste properly disposed of in the country, serving more than 10 million people. It's been a Macquarie Asset Management portfolio company since 2019.
What is Macquarie Asset Management?+
The asset management arm of the Australian financial group Macquarie Group (ASX:MQG), with more than US$646 billion in assets under management across 33 countries. In Brazil, it holds stakes in Solví, CLI and Ventos de São Zacarias, among other assets.
Why was RSI used for board meetings during the pandemic?+
In-person meetings with international participants became impossible starting March 2020. lingo provided RSI for Solví's board meetings with Australian Macquarie representatives, allowing corporate governance to continue normally.
What's the difference between interpreting corporate governance and M&A?+
M&A is one-off — weeks or months with a defined start and end. Corporate governance is a recurring mandate: the same board meets monthly for years, requiring terminological consistency over time, not just in a single isolated event.
Does the interpreter sign an NDA for board meetings?+
Yes. For mandates involving non-public information — board deliberations, strategy, investments — lingo signs a bilateral NDA before the service begins.
Does your board have international members?
Recurring mandate, RSI or in-person — tell lingo the format.
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