Brazil

Private equity and venture capital news from Brazil

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• Apax makes debut Brazil investment 10 May 2010. Source: AltAssets. Apax Partners has is set to acquire a 54.25 per cent stake in Brazilian IT company Tivit, marking the first deal in the country for the London-headquartered private equity firm.

• First Reserve backs new Brazilian venture with $500m 04 May 2010. Source: AltAssets. First Reserve Corporation, an energy industry-focused private equity and infrastructure firm, has backed Brazilian exploration and production company Barra Energia Petróleo e Gás with a $500m investment.

• Darby takes $20m stake in Brazil grain port 29 Apr 2010. Source: AltAssets. The private equity arm of California investment management firm Franklin Templeton Investments has invested BRL$35m ($20m) in the grain terminal of Latin America’s largest port.

• Brazilian PE fundraising to triple for year to June 2011 14 Apr 2010. Source: AltAssets. Brazil-based private equity funds could raise up to $15bn from investors by mid-2011, driven by a growing economy and increased financial risk-taking, according to Reuters.

• Standard Bank augments PE capabilities with three new hires 13 Apr 2010. Source: AltAssets. Standard Bank has hired three new senior executives to its private equity arm, augmenting the capabilities of the emerging markets-focused bank in the asset class.

• Brazilian buy-out funds sitting on $9bn in dry powder 01 Mar 2010. Source: AltAssets. Brazilian private equity funds are poised to spend billions, spurred by what people familiar with the country say is the strongest investment environment for 20 years. Brazilian buy-out groups have $9bn in dry powder to deploy in the country, according to Bloomberg, who cited representatives of the country’s private equity and venture capital association, Abvcap.

• Carlyle makes first Brazil deal with $250m buy-out of holiday package firm 08 Jan 2010. Source: AltAssets. The Carlyle Group has made its maiden private equity investment in Brazil, acquiring CVC Brasil, said to be the largest tour operator in Latin America.

• Banco Bradesco, Banco Espírito Santo establish Brazilian private equity firm 2bCapital 17 Sep 2009. Source: AltAssets. Banco Bradesco and Banco Espírito Santo have partnered to create 2bCapital, a new private equity fund manager targeting Brazil. 2bCapital will be controlled on an equal basis by the subsidiaries BRAM - Bradesco Asset Management and Espírito Santo Capital, according to a statement.

• IBM looks to boost innovation in Brazil for venture capital investments 19 Aug 2009. Source: AltAssets. IBM has launched an initiative to help boost innovation with venture capitalists in Brazil in support of demand for digital infrastructure projects in telecommunications, healthcare and energy industries.

• Advent International takes 50 per cent stake in Brazilian holding company 25 Jun 2009. Source: AltAssets. Advent International, the global private equity firm which recently approached German aluminium producer Almatis about providing new funds for its debt restructuring plan, has acquired 50 per cent of Pitágoras Administração e Participação (PAP). PAP is the Brazilian holding company that controls private education company Kroton Educacional.

• Citigroup to invest up to $500m in Brazilian private equity 17 Jun 2009. Source: AltAssets. Citigroup intends to invest as much as $500m in Brazilian private equity after exiting a number of Brazilian investments at the height of the economic crisis, Bloomberg reports.

• Advent in largest Brazilian private equity deal of the year 11 May 2009. Source: AltAssets. Advent International, a global private equity firm headquartered in Boston, has acquired a 30 per cent stake in CETIP, a central depository for private fixed-income securities and over-the-counter (OTC) derivatives in Latin America.

• Latin America saw $4.4bn in private equity investments in 2008 01 Apr 2009. More than 100 private equity firms invested $4.4bn in 184 deals in Latin America last year, according to research by the Latin American Venture Capital Association.

• General Atlantic appoints Fernando Marques Oliveira to lead Latin American investment 02 Dec 2008. Source: AltAssets. US-headquartered growth investor General Atlantic has appointed Fernando Marques Oliveira as managing director to head the firm’s São Paulo office. In his new role, he will lead GA’s investment activity in Brazil and the rest of Latin America.

• Paladin Capital leads $1bn funding for Brazilian renewable energy projects 14 Nov 2008. Source: AltAssets. Washington DC-based multi stage private equity firm Paladin Capital Group has led a $1bn funding round for Vital Renewable Energy Company's Brazilian ethanol projects. Leaf Clean Energy Company, Petercam Asset Management and PCG Clean Energy & Technology Fund also participated in the round.

• Private equity investment in Latin America reaches $1.7bn in first half of 2008 21 Oct 2008. Source: AltAssets. Private equity investors put $1.7bn into Latin America during the first half of 2008, down from $2.3bn invested in the first half of 2007, according to Venture Equity Latin America's 2008 Mid-Year Report.

• Darby closes R$387.5m mezzanine infrastructure fund for Brazil 29 Sep 2008. Source: AltAssets. Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, and Stratus Group have closed their Brazil Mezzanine Infrastructure Fund on R$387.5m.

• GP Investments to acquire R$259m stake in Brazilian company Estácio 12 May 2008. Source: AltAssets. Latin American private equity firm GP Investments has agreed to acquire a 20 per cent stake in listed Brazilian educational company Estácio Participações from the founders of the business. The total value of the transaction is R$259m (US$155m), or R$5.50 per share (equivalent to R$16.50 per unit), according to a statement.

• AIG Brazil Special Situations Fund II closes on $692m 22 Apr 2008. Source: AltAssets. AIG Capital Partners has closed its AIG Brazil Special Situations Fund II on $691.9m, exceeding its target of $400m. The fund held a previous close in June 2007.

• Luiz Eugenio Figueiredo takes over as chairman of ABVCAP 08 Apr 2008. Source: AltAssets. The Brazilian venture capital and private equity association ABVCAP has appointed Luiz Eugenio Figueiredo as its chairman for the 2008-2010 period. He has succeeded Marcus Regueira of FIR Capital.

• DLJ South American Partners closes $300m fund for Argentina, Brazil, Chile 01 Apr 2008. Source: AltAssets. DLJ South American Partners, a firm established in December 2006 by Credit Suisse's Alternative Investments business and a team of South America-based investment professionals led by Carlos Garcia and Marcelo Medeiros, has closed its first private equity fund on $300m.

• GP Investments closes $1.3bn fund 22 Oct 2007. Source: AltAssets. Latin American private equity firm GP Investments has closed its new private equity fund, GP Capital Partners IV, on $1.3bn, well above its $600m target. Fundraising started in April 2007 and a first closing was achieved on $1.25bn in July 2007.

• Advent International to acquire Brazilian restaurant chain Viena 15 Oct 2007. Source: AltAssets. Mid-market buy-out firm Advent International has agreed to buy 100 per cent of Brazilian restaurant chain Viena from the company's founding shareholder. Financial details of the transaction were not disclosed.