Global private equity and venture capital news and research

General Atlantic grabs 30% XP Investimentos stake

3 Dec 2012

Global growth investor General Atlantic has reportedly agreed a BRL1.2bn ($562m) deal for a 30 per cent stake in Brazilian brokerage XP Investimentos.

Brazilian newspaper Veja reported the deal, saying Guilherme Benchimol and Marcelo Maisonnave would remain as controlling shareholders.

UK emerging markets investor Actis took a minority stake in XP, Brazil’s largest independent brokerage, for $58m in 2010.

Actis said it made the investment to finance the development of XP’s technology and network, before preparing the company for an IPO that would see it become the first publicly-traded brokerage in Brazil.

General Atlantic also owns a stake in Brazilian health insurance broker Qualicorp, which it extended when Carlyle bought into the company in July 2010.

Carlyle is thought to be interested in selling half its stake in a deal that could fetch BRL850m ($500m).

Copyright © 2012 AltAssets

Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: WeWork 4001, 1 Fore Street, London, EC2Y 5EJ
Content is © AltAssets 2000-2016