JC Flowers-led investor consortium considering Brazilian bank stake

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US private equity firm JC Flowers is leading an investor group in talks to acquire a stake in privately-held Brazilian bank Banco BTG Pactual SA, according to reports.

The investor group, which also includes sovereign wealth fund Government of Singapore Investment Corp, is considering picking up a 15 per cent stake in the bank, which could fetch $1.5bn, with an announcement expected as early as this week.

Brazil is not the only region where the financial services-focused firm is targeting banks. JC Flowers is also said to be among the bidders for EBS, Ireland’s biggest customer-owned lender, which is seeking to shore up its capital base following the collapse of the Irish property market.

The firm also recently became the first private equity firm to invest in the UK building society when it took a 40 per cent stake in Kent Reliance.

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