Fosun buys Rio Bravo Investimentos

Fosun buys Rio Bravo Investimentos

Brazil Asia China M&A Funds

Fosun Group said it has agreed to buy Brazilian investment manager Rio Bravo Investimentos for an undisclosed amount, marking the Chinese firm’s debut acquisition in Latin America. Sao Paulo-based Rio Bravo controls about BRL10bn ($3.06bn) in assets under management.Mario Fleck became the CEO of Rio Bravo in January 2009, after heading the firm's equity division for four years. Gustavo Franco, who was previously the governor of Brazil's central bank, is Rio Bravo's chief strategist and chairman

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial