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Latest Industry News

Brazil Has Become a Hot Market for IPOs. Here’s How to Find the Opportunities Added in 10/9/2020
A raging pandemic and 5% economic contraction might seem like a poor backdrop for initial public offerings. But Brazil’s IPO market is defying macro gravity with its hottest year since 2007.

Source: Barron's

Track the Bovespa in USD for a clearer picture on BR levels Added in 8/21/2020
So if the global stock markets seem to have dislocated itself from economics and earnings reality right now, where should Brazil be trading? For better insight, stop looking at the local currency number and use the Bovespa in USD chart instead. In early 2016 the Index in USD terms traded its lows for the decade near to $10,000 pushed by the effects of a devastating economic recession and the beginning of the impeachment process for the then leader of the Government Dilma Rousseff. In April this year, as we recoiled from the full brunt of the COVID-19 led selloff, the index in USD terms fell again almost that far to $12,500 but has since rallied to over $19,000 in line with the improving global perspective. While the highs of this recovery phase have been impressive in local currency terms, the continued weakness if the Real FX has kept us nowhere near the decade highs of early 2019 ($29,400) and severely underperforming the US market which has already recovered to its record high levels this year. Until we achieve that 2019 high level, the 3rd leg down of the W is still the likeliest picture with $15800 the target and the PE opportunity will be far greater than in the public markets.  

ABVCAP´s Webcasts Added in 8/19/2020
Since April ABVCAP has been running webcasts on several themes. Most of them are in Portuguese. We invite you to access our channel for the most recent updates including the IPO scenario in Brazil.

Source: Abvcap

WDC seeks investors for R$ 1 bi round Added in 8/17/2020
WDC Networks, the largest supplier of fiber optic products in Brazil, which has among its investors 2bcapital, has mandated BTG Pactual to raise R$ 1 billion, a move that will relieve the company's expansion amid the explosion in demand for high-speed broadband. Conversations are at an early stage with private equity and infrastructure funds.

Source: Brazil Journal

Stone raises about $1.5 billion in follow-on Added in 8/17/2020
Stone, a Brazilian payment fintech listed on Nasdaq, announced on August 17 that it raised approximately US$ 1.5 billion in a follow-on offering, through the issuance of 31,481,250 Class A shares, including an additional lot of 4,106,250 shares, at US$ 47.50 per paper.

Source: ISTO É Dinheiro

Jestor raises R$ 1.7 million to facilitate startups and SME management Added in 8/17/2020
Jestor,  a startup that provides management software for SMEs and startups has raised R$ 1.7 million led by Canary, an early-stage local VC. The round also counted with the participation of Renato Freitas (99), Paulo Silveira (Alura) and FEAP. The startup  was inspired by one of the founders mother's difficulty in running her own pharmacy.
Sigma raises $13 million in Canada and completed lithium project financing Added in 8/15/2020
The project conducted by Sigma Lithium - a mining development company - in Minas Gerais, which provides lithium production and processing for the electric car battery industry, raised US$ 13.3 million last week on the Canadian stock exchange, where the company trades its shares.

Source: Valor Econômico

Mobility Startup raises R$2.2 million via crowdfunding equity platform Added in 8/14/2020
Joycar, a corporate carsharing startup, has just raised R$2.2 million through EqSeed, Brazil's online venture capital platform. Despite adverse market conditions due to the crisis, the company attracted 218 investors, who contributed an average ticket of R$10,000.

Source: Startupi - Matérias

Wildlife raises US$ 120 million Added in 8/14/2020
Wildlife, a São Paulo-based gaming startup, has just raised an investment of US$120 million, led by the U.S. fund Vulcan Capital, which has already bet on companies such as Loft. The new round made the startup, which has more than 100 million active monthly users in its games, worth US$3 billion.

Source: O Estado de S. Paulo

Healthtechs double in number in the past two years in Brazil Added in 8/13/2020
Healthtechs are growing in Brazil. The pandemic only put in more evidence local health hurdles and also opportunities for specialized startups. Brazil has now 542 against 248 from two years ago.

Source: Pequenas Empresas & Grandes Negócios | August 13, 2020

Walmart Brazil is now Grupo BIG Added in 8/13/2020
Just over two years after the private equity firm Advent bought 80% of Walmart's Brazilian subsidiary, the American brand is no longer used in the country. Grupo Big (the new name for the operation in Brazil) ends the conversion of the chain's 100 hypermarkets to the Big and Big Bompreço hypermarkets.

Source: Valor Econômico

BTG Pactual can invest with clients in private equity funds, says executive Added in 8/11/2020
BTG Pactual will be able to invest together with customers in private equity funds managed by the bank, said the institution's vice president of finance, João Dantas. Dantas said that, unlike BTG's previous strategy of investing heavily in companies, the bank now wants to show customers that it is taking risks with them, with stakes that can reach 5% of the funds' capital.

Source: Reuters Brasil

Oi fibre optic network attracts at least 10 companies Added in 8/11/2020
While following the process of selling its mobile telephony operation to Claro, Vivo and TIM for RS 16.5 billion, Oi - one of the largest telecom providers in Brazil - has been keeping behind the scenes an intense negotiation to get rid of part of its fiber optic network, InfraCo. Ten companies, including banks, investment funds and energy giants have already analyzed the asset, which includes about 400 thousand kilometers of fiber in the country.

Source: O Globo

CPPIB plans to double its investments in Brazil Added in 7/7/2020
The Canadian Pension Plan Investment Board (CPPIB) plans to double its investments in the country by 2025. Today, Latin America accounts for 4% of CPPIB's global portfolio, which represents about R$ 64 billion. The group's goal is to take this share to 7% or 8% - in the region, half of the investments are allocated in Brazil.

Source: Valor Econômico

Atlas Renewable Energy wants to double assets in Brazil Added in 7/7/2020
Atlas Renewable Energy is excited about business prospects in Brazil and has plans to double its portfolio of assets in the country in the coming years, even amid the projected strong downturn in the local economy due to the coronavirus.

Source: Reuters Brasil

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