Brazilian asset management company Plural Capital Ltda has appointed former BTG partners Evandro Pereira and Pedro Guimaraes as part of the plan to become a full-service investment bank, Bloomberg reported.
Plural Capital founded by two former Banco BTG Pactual SA executives, currently manages 600 million reais ($362 million).
It will have a banking license from an August deal to buy Banco Modal SA. The Brazilian asset management company is in advanced stages of communication to buy local brokerage Flow Corretora de Mercadorias, said some sources.
The Flow partners include Jorge Felipe “Pipo” Lemann, son of Brazilian billionaire and 3G Capital Inc partner Jorge Paulo Lemann , one of the owners of Anheuser InBev NV.
The competition is getting stronger for investment banking services in Brazil, the second largest developing economy after China, amid a surge in equity offerings and deals.
The companies founded by former Brazilian executives who left the investment banks handled around 25 mergers and acquisitions this year to date worth a combined $1.65 billion, the reports said.
Rodolfo Riechert and Andre Schwartz created Plural in November 2009 after leaving BTG, the Brazilian investment bank led by billionaire Andre Esteves. Plural’s plan to become an investment bank coincided with the end of a non-competition deal in July between BTG and its partners.
The Brazilian AMC will have an initial capital of about 400 million reais, said people familiar with the expansion plan. Plural Capital is a company providing investment management and financial advisory services.
It maintains high quality standards in all of its operations, be it IPO, transactions, financial structuring and advisory, mergers and acquisitions, or asset management and treasury operations in the domestic and international markets.
Plural Capital founded by two former Banco BTG Pactual SA executives, currently manages 600 million reais ($362 million).
It will have a banking license from an August deal to buy Banco Modal SA. The Brazilian asset management company is in advanced stages of communication to buy local brokerage Flow Corretora de Mercadorias, said some sources.
The Flow partners include Jorge Felipe “Pipo” Lemann, son of Brazilian billionaire and 3G Capital Inc partner Jorge Paulo Lemann , one of the owners of Anheuser InBev NV.
The competition is getting stronger for investment banking services in Brazil, the second largest developing economy after China, amid a surge in equity offerings and deals.
The companies founded by former Brazilian executives who left the investment banks handled around 25 mergers and acquisitions this year to date worth a combined $1.65 billion, the reports said.
Rodolfo Riechert and Andre Schwartz created Plural in November 2009 after leaving BTG, the Brazilian investment bank led by billionaire Andre Esteves. Plural’s plan to become an investment bank coincided with the end of a non-competition deal in July between BTG and its partners.
The Brazilian AMC will have an initial capital of about 400 million reais, said people familiar with the expansion plan. Plural Capital is a company providing investment management and financial advisory services.
It maintains high quality standards in all of its operations, be it IPO, transactions, financial structuring and advisory, mergers and acquisitions, or asset management and treasury operations in the domestic and international markets.
