November 14, 2016 |
Equity capital markets came back to life in September, giving observers hope that a backlog of deals might finally start to clear.Brazil’s change in government was understood to offer confidence for several equity issuers to push ahead with long-awaited plans. Brazilian software provider Linx raised 444 million reais ($137.8 million) in a follow-on offering, while meatpacker BRF Foods is poised to list its Sadia Halal unit in London and the United Arab Emirates.“Brazil’s had this pipeline sitting and waiting patiently for so long now,” a São Paulo-based banker says. “Now that market conditions are in place — the new government is favorable to investors — expect these deals to come through.”B
After a long wait, some of the region’s largest equity and M&A trades have finally arrived.