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Brazil: New CVM Regulation Encourages Private Equity Funds To Invest In Smaller Companies

(Mondaq) The Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários – “CVM”) enacted on November 26, 2013 Regulation No. 540 to amend Regulation No. 391, which regulates equity funds (“fundos de investimentos em participações – FIP”) intended to boost investments in small and medium-sized companies. The regulation would allow private equity funds to invest up to 35% of its owners’ equity in companies that the fund does not participate in the management of, provided that these companies are listed in a segment oriented to the alternative investment market with corporate governance standards stricter than those required under the law. Continue reading “Brazil: New CVM Regulation Encourages Private Equity Funds To Invest In Smaller Companies”

Advent and Warburg Pincus acquire control of Dudalina (em português)

(Warburg Pincus) Two of the largest investment funds in the U.S., Warburg Pincus and Advent, took control of Dudalina, a shirt manufacturer in Santa Catarina with 93 stores in the country and two overseas. The two U.S. investment funds acquired 72.27% of Dudalina. Transaction values were not disclosed, but ISTO É DNHEIRO estimated the operation at around R$600m. Continue reading “Advent and Warburg Pincus acquire control of Dudalina (em português)”

New Fiscal Regime for Brazilian SMEs

(Startupi) In Brazil, nearly half a million micro and small businesses with under R$3.6min revenues may be included in Supersimples and have an average 40% reduction in their tax burden. These are startups, medical clinics, dentists’ offices, law firms, real estate and over 200 other activities that are currently framed in the presumed profit regime because the current law prohibits its adherence to Supersimples. Continue reading “New Fiscal Regime for Brazilian SMEs”

Previ Will Have R$1b for Private Equity Funds in 2014

(Estadao) In 2014, the Previ, the pension fund for employees of Banco do Brazil, will have R$1b available to invest in private equity funds. The value is very significant. Since 2006, when Previ started to invest in smaller companies, the average annual contributions did not exceed R$200m. Continue reading “Previ Will Have R$1b for Private Equity Funds in 2014”

Riverwood’s Portfolio Company Globant Said to Plan IPO for First Quarter 2014

(Businessweek) Globant, a Buenos Aires-based technology-services provider whose clients include Google Inc., plans to hold its initial public offering early next year, a person with knowledge of the matter said. Continue reading “Riverwood’s Portfolio Company Globant Said to Plan IPO for First Quarter 2014”