Industry News
Cerberus Capital Management Partners with Brasil Brokers (em português)
7 June 2019
US Real Estate firm Cerberus Capital Management has entered the Brazilian market through a partnership with local real estate manager Brasil Brokers. Brasil Brokers issued R$120m of debentures of which 73% was purchased by Cerberus. If converted this would give Cerberus a 29% stake in Brasil Brokers making them the main shareholder. Cerberus will serve as a strategic partner seeking to invest and utilize Brasil Brokers’ network.
(Valor Econômico) A Brasil Brokers entra em nova fase a partir da captação de R$ 120 milhões por meio de debêntures conversíveis em ações, em operação encabeçada pela gestora Cerberus, que será também parceira estratégica da segunda maior rede de imobiliárias do país. Das 120 milhões de debêntures emitidas pela companhia, a R$ 1 por papel, a Cerberus subscreveu 73%, o correspondente a R$ 87,6 milhões. A operação marca o primeiro investimento da Cerberus no mercado imobiliário brasileiro.
Read More at Valor Econômico.
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