UK-based private equity firm Apax Partners plans to make substantial investments in Brazil in the next 12 to 18 months.
Apax is planning to invest hundreds of millions of dollars, according to the Wall Street Journal.
Head of Apax Partners in Brazil and Latin America Walter Piacsek said that “if you think about Brazil in the next four, five or seven years, which is our horizon, the country is still an attractive market.”
Piacsek said that the firm is currently in talks with Brazilian companies in the retail and consumer goods, business services, technology, telecommunications and healthcare sectors.
“We have several talks ongoing, but retail/consumer and b-to-b seem to be the ones most likely to happen,” Piacsek told the publication.
He added that Apax is also considering investment opportunities in other Latin American countries including Colombia, Peru and Chile.
Last month it was reported that Apax and Nordic Capital hired financial advisors for a stock market listing of Swedish healthcare group Capio.
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