BTG Pactual has been meeting investors in the Middle East to pitch two private equity funds. One of the funds , called “Health”, would look for takeovers in the health industry, while the other, “Real Economy”, could have $1 billion to invest in undisclosed sectors, Valor Economico newspaper reported on Friday.
BTG Pactual started in the private equity business in 2008 with funds from its partners, buying stakes in seven different companies, including 100 percent of drugstore chain Farmais, Valor said. The group is controlled by former senior UBS banker Andre Esteves.
2 thoughts on “BTG Pactual launches two private equity funds”
Any thoughts on The Economist magazine naming Andre Esteves one of three kings of finance in 2011 (The World in 2011 Edition)?
I think he is savvy in combining the international business standards with Brazilian “jogo de cintura” if you know what I mean. (How can I translate that? Maybe, flexibility and ability of dealing with the unexpected). Many international banks came to Brazil thinking that they could impose a their view. They did not pay attention in the peculiarities of the market.