BTG Pactual Buys Minority Stake in Brazil’s Leader (Latin America)

Source: BTG Pactual

Brazilian investment bank BTG Pactual’s private equity fund, BTG Pactual Principal Investments FIP, and BTG Pactual subsidiary holding company, BTG Investments LP, have reached an agreement to acquire 42.3 percent of Leader Participações for BRL665 million (approximately US$333 million), through a combined purchase of existing equity and new shares. Leader is an apparel and household goods retailer based in Brazil. The deal also includes an option to purchase common shares that could increase BTG Pactual’s stake in the company by an additional 20 to 30 percent.