Transportation Services Manager Joins IPO Queue

Transportation Services Manager Joins IPO Queue

Brazil Equity

Brazil’s Sascar has become the latest transportation management company aiming to IPO in the September-October window, joining Unidas and Ouro Verde. The specialist in vehicle services including security, tracking and fleet management plans to sell primary and secondary shares. The size and exact timing remain to be set. It plans to use 80% of the proceeds for acquisitions and 20% for improving its capital structure. Initial documents don’t specify the selling shareholders in the secondary porti

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