Brazilian Software Specialist Preps IPO

Brazilian Software Specialist Preps IPO

Brazil Equity

Linx, a Brazilian provider of software to the retail sector, is preparing to go public, according to regulatory documents. The IPO is to include primary shares as well as secondary shares sold by a private equity fund linked to Itau. The size and timing remain to be determined. Linx booked BRL56m ($27m) in Ebitda in 2011, up from BRL40m in 2010. It is seeking to raise funds for acquisitions and for working capital. BTG Pactual, Credit Suisse, Itau and Morgan Stanley have been hired to manage the

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