Compagnie Financiere Tradition SA is set to acquire 30 per cent of CM Capital Markets Holding SA, a leading brokerage group in Spain and Brazil. In a press release, the two firms said they had agreed on an acquisition of 30 per cent and 15.2 per cent shareholding in Capital Markets Holdings.
Compagnie  Financière Tradition  SA  [...]

US based lender JPMorgan Chase & Company is to acquire Brazilian hedge fund and private equity firm Gavea. JPMorgan Chase is America’s second biggest US lender in terms of assets. The bank agreed to buy the Brazilian firm for an undisclosed amount. The reports were carried by a Brazilian paper, Veja magazine in its online [...]

US based firm Blackstone Group and Brazilian firm Patria have gone into an agreement for the takeover of a 40% stake in the Brazilian firm. The firms’ said the agreement for the partnership would as well see the two firms work together in establishing their businesses in Brazil and across South America. Patria is Brazil’s [...]

Petrobras raised $70 billion last week in what was considered the biggest share offering globally. The Brazilian state owned Oil Company now has the financial footing it required for its planned vast offshore oil reserves exploration. Petrobras had planned the share offering as it sought funds for its $224 billion war chest.
Petrobras’ investment plans are [...]

In a move targeted at investments in Brazil, Latin America’s biggest and fastest growing economy, Axxon Group Pvt Equity is mulling a raising pegged at $290 million for Brazilian investment undertakings, Bloomberg reported Thursday. According to the Bloomberg reports, Axxon Group Pvt Equity is keen on investing in the healthcare, education, retail and cosmetics industries [...]

The Brazilian national development bank, BNDES, will have its funding from the Brazilian government reduced and instead plans instituted to get it funds from the private sector, the Brazilian Finance Minister announced last week. The Minister of Finance, Guido Mantega said the government’s recent heavy funding for BNDES will be cut and more funds raised [...]

Banco BTG Pactual SA expects share sales to go up in the second half of 2010 as soon as the offer from Petroleo Brasiliero SA is concluded. Petroleo Brasiliero SA made an offering of $25 billion for the purchase of Banco BTG Pactual SA. Banco BTG is Brazil’s largest equity underwriter. According to the bank, [...]

Brazilian bank, Banco do Brasil, Monday reported that it had gone into a joint venture with Banco Bradesco and Portuguese bank, Banco Espirito Santo for expansion overseas, in Africa. Banco do Brasil is Brazil and Latin America’s biggest bank in terms of assets. The new investment vehicle will undertake its operations in Africa but on [...]

In a move aimed at rebuilding its business in Brazil, Sweden’s biggest bank, UBS AG, said Friday that it’s planning to start an investment in the Latin American state. In the move, aimed at tapping into Latin America’s biggest economy and the fastest growing as well, UBS AG said it’s undertaking the investment after raising [...]

Capital Dynamics, the major European equity manager reported Thursday it had opened a new office in the Sao Paolo state in its growth plans. The new office is seen as Capital Dynamics most current approval of the buyout industry in the Latin American market, that most investors are hopeful will provide unique global, promising growth [...]