BTG Pactual Agrees to Partially Exit Brazil-based Bravante to Existing Shareholders (Latin America)

Source: O Estado de São Paulo  |  Author(s): Monica Scaramuzzo

Latin America-focused investment bank BTG Pactual’s private equity arm has agreed to reduce its stake in Brazil-based Bravante, a service provider for offshore oil platforms, from 47 percent to 10 percent via a sale to existing shareholders in the company. BTG Pactual originally invested in Bravante in 2010. Financial details of the transaction were not disclosed.