Foreign funds stay optimistic on Brazil, favouring buyouts
Rio de Janeiro
GLOBAL private-equity funds are looking to Brazil at a time when many local firms are watching from the sidelines, betting that lucrative investment opportunities remain despite recent economic and political turmoil.
Executives at foreign buyout and consultancy firms at an industry summit in Rio de Janeiro this week are discussing potential deals, fundraising efforts and business opportunities in an economy that appears headed for its steepest recession in two decades.
While local peers are reluctant to pursue mergers and acquisitions before President Dilma Rousseff's administration wins congressional approval for spending cuts, Advent International Corp and foreign rivals are trying to get ahead. Last month, Advent purchased for-profit university Faculdade da Serra Gaúcha, marking its return to Brazil's edu…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Fed survey cites inflation, US election as key financial stability risks
Oil prices steady after Iran plays down reported Israeli attack
G7 pledges swift aid for Ukraine, seeks to calm Middle East
H5N1 strain of bird flu found in milk: WHO
China moves to boost foreign investment in domestic tech companies
Xi orders China’s biggest military reorganisation since 2015