DEAL OF THE YEAR: Private Equity Deal

DEAL OF THE YEAR: Private Equity Deal

Brazil Middle East M&A Funds Equity Corporate & Sovereign Strategy

Most things Brazilian billionaire Eike Batista does publicly make headlines. But a $2 billion deal for a stake in his holdco – EBX – from Mubadala Development Company got LatAm growth companies dreaming. The world’s sovereign wealth funds are highly prized private investors, however, actual transactions in Latin America have been few. So for Mubadala, Abu Dhabi’s sovereign vehicle, this was a double first – its first LatAm investment, and the first time Batista had let a strategic partner into his holding company, the umbrella for one of Brazil’s most visible and high-growth conglomerates. The deal gave Mubadala preferred equity securities worth 5.63% – the unusual decimal reflecting Bat

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