Advent nets minority stake in Easynvest

Advent nets minority stake in Easynvest

Brazil Funds M&A

Advent International said it has agreed to purchase a minority stake in Easynvest, a Brazilian equity brokerage firm, for an undisclosed price. The private equity firm made the acquisition through Nyx Participacoes, a holding company controlled by Advent-managed funds, a company statement showed. VGL Financas was financial advisor to Easynvest, while Velloza & Girotto Advogados was legal counsel. Pinheiro Neto Advogados advised Advent. The transaction remains subject to regulatory approval.

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