BLOOMBERG: Advent International Corp., a private-equity company, has $2 billion to make acquisitions in Brazil’s retail industry and take advantage of growth in Latin America’s largest economy, the company’s local head said. “We’re looking at various companies in niche retail areas,” Patrice Etlin, managing partner at Advent in Latin America, said in a telephone interview from SaoContinue reading “Advent Has $2 Billion for `Niche’ Brazil Retail Acquisitions, Says – Bloomberg”
Category Archives: Business
Brazilian IT companies go to trade show in California
Brazilian companies that develop IT solutions for the energy industry are now in San Diego, California participating in the 21st edition of DistribuTECH. The trade mission is coordinated by the Program for Promotion of Brazilian Software Excellence (Softex), coordinated by Sociedade Softex. “This is a field that matters to Brazil, since the United StatesContinue reading “Brazilian IT companies go to trade show in California”
The New Global Challengers by BCG
The latest Boston Consulting Group report on globalization identifies 100 companies that are shaking up the established economy. These are companies based in rapidly developing countries. BCG calls them the global challengers. “A group of companies from rapidly developing economies has begun to leapfrog past established multinationals in global industry rankings.” Brazil has 13 companies in theContinue reading “The New Global Challengers by BCG”
Please welcome: EBX International, the latest Brazilian multinational
The Rio based EBX Group is planning to strengthen its presence outside Brazil and announced the openning of an office in New York to host EBX International. According to Eike Batista, chairman of the group: “with the creation of EBX and the International office opening in New York, let’s get even closer to global investors. We areContinue reading “Please welcome: EBX International, the latest Brazilian multinational”
Banco do Brasil expands in the US and Africa
Bank of Brazil announced this week the purchase of a bank in Miami, USA and signing a joint venture with Portuguese bank Espirito Santo and Brazilian rival Bradesco. The acquisitions are part of the internationalization strategy of Brazil biggest public bank, , which includes Latin America, after the recent purchase of Banco Patagonia. In the US, targeting Brazilian High Net Wealth The institution being acquired in MiamiContinue reading “Banco do Brasil expands in the US and Africa”
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