EQUITY: Private Equity Lurches

EQUITY: Private Equity Lurches


Selective distress in the corporate sector has done little for valuations, and buyers of all kinds – strategic M&A and financial sponsors – are wary of quality and unsure about timing acquisitions. Shuttered debt markets have meanwhile laid dormant Brazil’s budding LBO trend, which started in 2006 with the availability of cheap local and cross border bank debt. “Things have quieted down a lot on our end,” Antonio Bonchristiano, co-CEO of GP Investments tells LatinFinance, referring to new acquisitions. He says his shop has been looking at select distressed situations in Brazil, but few look attractive. GP was heard assessing SantelisaVale with measured interest. Loui

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