January 19, 2012
FFrom its creation in 1983 as a modest securities dealer shop in Rio de Janeiro, BTG Pactual has covered a lot of ground, becoming one of the leading investment banks in Brazil under chief executive André Esteves.
It was probably an indication of the bank’s success, and the rising fortunes of Brazil itself, that BTG Pactual managed to raise $1.8 billion from the sale of an 18.6% stake in its business in December 2010 to a group of the world’s most recognized investors, including sovereign wealth funds.
The transaction diversified the bank’s investor base, and also gave the financial institution the funds to strengthen its investment banking, asset management and wealth management busines
BTG Pactual $1.8bn Stake Purchase