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LAVCA | The Association for Private Capital Investment in Latin America

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Lone Star Lends US$200m to Odebrecht’s Atvos (en español)

April 2, 2018

Dallas-based private equity firm Lone Star Funds has provided US$200m in financing to ethanol and sugar producer Atvos, a subsidiary of Brazilian conglomerate Odebrecht SA.

(Gestión) Lone Star Funds, la firma de inversión con sede en Dallas fundada por el multimillonario John Grayken, prestó cerca de US$200 millones a Atvos, una división de la brasileña Odebrecht SA que produce azúcar y etanol, dijeron tres personas con conocimiento del asunto.

El préstamo está denominado en dólares, dijeron las personas, que pidieron que no se revelara su identidad porque no se ha hecho un anuncio público.

Atvos, que confirmó la participación de Lone Star, rehusó dar detalles sobre el tamaño o las condiciones del préstamo. Las ganancias se usarán para capital de trabajo e inversiones, dijo la compañía. Lone Star rehusó comentar.

Lone Star está invirtiendo en la mayor economía de América Latina tras la peor recesión en la historia de Brasil y después de que una investigación de corrupción a nivel nacional resultase en un aumento de la deuda morosa y de las compañías en quiebra.

El año pasado el fondo adquirió Apoema Capital Partners, una firma brasileña que en ese momento administraba unos 4,500 millones de reales (US$ 1,300 millones) en activos en dificultades.

La compra de Apoema siguió al intento fallido de Lone Star, en 2015, de comprar Recovery do Brasil Consultoria SA, la mayor firma de gestión de deudas en dificultades de América Latina. Itaú Unibanco Holding SA más tarde adquirió la mayor parte de Recovery de Grupo BTG Pactual y ahora posee el 96 por ciento de la compañía.

Reestructuración de 2016
Atvos, anteriormente conocida como Odebrecht Agroindustrial, concluyó una reestructuración de deuda de 11,000 millones de reales en 2016 para ampliar sus vencimientos a 13 años.

La empresa matriz, que ha estado luchando por recuperarse de su vinculación a una investigación nacional de corrupción, proporcionó una inyección de 4,000 millones de reales a Atvos en 2016 y entregó parte de sus acciones en el productor petroquímico Braskem SA como garantía a los bancos, dijo una persona en ese momento.

También se podrían haber otorgado otros 2,000 millones de reales en activos de energía como garantía para permitir que los vencimientos de Odebrecht Agroindustrial se amplíen sin reducir la cantidad de principal pendiente, dijo la persona.

Lone Star Lends US$200m to Odebrecht’s Atvos (en español) was last modified: May 23rd, 2018 by Editor
AtvosLone StarOdebrechtReal AssetsReal Estate
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