Vinci sets up debt sale for real estate buy

Vinci sets up debt sale for real estate buy

Debenture Debt Corporate & Sovereign Strategy Capital Markets Funds M&A Brazil Latin America

Brazilian private equity firm Vinci Partners plans to sell BRL275 million ($50.6 million) worth of debentures to finance an acquisition from real estate developer BR Properties, according to securities filings. Vinci Offices Fundo de Investimentos Imobiliário agreed to pay BRL120 million for stakes in four commercial buildings in the cities of São Paulo, Brasília and Rio Grande do Sul, the real estate developer said on Wednesday. The deal still needs approval from BR Properties' board and the wa

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