Latest news with #BTGPactual
Associated Press
14-07-2025
- Business
- Associated Press
EMGA raises US$160m from AIIB for Brazil's BTG Pactual
Emerging Markets Global Advisory LLP (EMGA) announces today they have delivered another US$160m debt finance for their long-standing Brazil-based client, BTG Pactual. The US$160 million 7-year senior unsecured loan was provided by AIIB, and the transaction follows on from several prior transactions for BTG also advised by EMGA for a cumulative US$1.1bn. Sajeev Chakkalakal, Managing Director and Head of Investment Banking at EMGA, said: 'This facility again demonstrates our long-standing relationship with BTG. It has further enabled growth in their water and sanitation portfolio, thereby cementing their role as one of the pre-eminent Brazilian banks in the ESG investment sector. It was also a pleasure working with AIIB as a leading multilateral DFI on their largest deal with a Brazilian private sector bank.' Jeremy Dobson, Managing Director, and Head of Operations at EMGA, added: 'This is our first transaction with AIIB, and we look forward to working with them again in the future. To date EMGA has secured nearly USD 2bn of investment into Brazil, and it remains one of our most important markets globally.' BTG Pactual: BTG is the largest investment bank in Latin America, the 6th largest bank in Brazil by shareholders equity and a key player in providing loans and guarantees to a broad set of clients, from SMEs to large corporations. BTG is a pioneer in promoting climate finance in Brazil and plays a pivotal role in channeling resources towards projects with a positive impact in the community. The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank and international financial institution that aims to collectively improve economic and social outcomes in Asia. It is the world's second largest multilateral development institution. Emerging Markets Global Advisory LLP (EMGA), with offices in London and New York, helps financial institutions and corporates seeking new debt or equity capital. EMGA's multi-national team collectively have decades of experience in closing over USD 9bn of debt and private equity transactions for their clients within the world's emerging markets and frontier economies, including Brazil which remains a key market. With a proven track record in capital formation and strategic advisory throughout diverse economic cycles, EMGA continues to deliver geographic reach and a diverse service offering, solidifying its place in the market as a pre-eminent emerging markets specialized boutique investment bank. Contact [email protected]
Yahoo
14-07-2025
- Business
- Yahoo
EMGA raises US$160m from AIIB for Brazil's BTG Pactual
Emerging Markets Global Advisory LLP (EMGA) announces today they have delivered another US$160m debt finance for their long-standing Brazil-based client, BTG Pactual. The US$160 million 7-year senior unsecured loan was provided by AIIB, and the transaction follows on from several prior transactions for BTG also advised by EMGA for a cumulative US$1.1bn. Sajeev Chakkalakal, Managing Director and Head of Investment Banking at EMGA, said: "This facility again demonstrates our long-standing relationship with BTG. It has further enabled growth in their water and sanitation portfolio, thereby cementing their role as one of the pre-eminent Brazilian banks in the ESG investment sector. It was also a pleasure working with AIIB as a leading multilateral DFI on their largest deal with a Brazilian private sector bank.' Jeremy Dobson, Managing Director, and Head of Operations at EMGA, added: 'This is our first transaction with AIIB, and we look forward to working with them again in the future. To date EMGA has secured nearly USD 2bn of investment into Brazil, and it remains one of our most important markets globally.' BTG Pactual: BTG is the largest investment bank in Latin America, the 6th largest bank in Brazil by shareholders equity and a key player in providing loans and guarantees to a broad set of clients, from SMEs to large corporations. BTG is a pioneer in promoting climate finance in Brazil and plays a pivotal role in channeling resources towards projects with a positive impact in the community. The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank and international financial institution that aims to collectively improve economic and social outcomes in Asia. It is the world's second largest multilateral development institution. Emerging Markets Global Advisory LLP (EMGA), with offices in London and New York, helps financial institutions and corporates seeking new debt or equity capital. EMGA's multi-national team collectively have decades of experience in closing over USD 9bn of debt and private equity transactions for their clients within the world's emerging markets and frontier economies, including Brazil which remains a key market. With a proven track record in capital formation and strategic advisory throughout diverse economic cycles, EMGA continues to deliver geographic reach and a diverse service offering, solidifying its place in the market as a pre-eminent emerging markets specialized boutique investment bank. Contact info@ 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
07-07-2025
- Business
- Yahoo
Vanguard Properties plans to sell four hotels and residences in Portugal
Lisbon-based real estate developer Vanguard Properties is aiming to sell four hotels and branded residences in Comporta, Portugal, as reported by Bloomberg. The properties are currently under development and are expected to attract a valuation in the "hundreds of millions of euros", according to Vanguard CEO Jose Cardoso Botelho. The sale is part of the company's strategy to refocus its portfolio on Portugal's residential market. This move comes amidst a flurry of activity from international investors in the Portuguese hotel sector, including a €150m ($177m) investment by Brazilian bank BTG Pactual and British asset manager Arrow Global's purchase of two hotels, a golf course, and a marina near Comporta. Hotels have been a resilient segment in European real estate, particularly as the continent grapples with rising interest rates that began in 2022. The sector has benefited from the ability to increase room rates, mitigating inflationary pressures, and a surge in demand fuelled by the post-Covid travel boom. Portugal, in particular, saw a record 31.6 million tourists last year. According to a January report by Cushman & Wakefield, investment in Portuguese commercial property increased by 28% to €2.2bn in 2024, with hotels accounting for approximately one-fifth of this investment. Foreign investors were responsible for 74% of the total investment in the sector. According to Bloomberg, Botelho said: 'The tourism sector is experiencing strong growth, both in Portugal and across key international markets. 'This is the ideal moment to proceed with asset sales.' He also commented that Vanguard anticipates completing the sale of the Comporta properties by 2026 and has engaged financial services company Alantra for assistance with the transactions. The hotels will offer between 70 and 150 rooms, alongside 50 to 90 residences per property. Additionally, Vanguard is looking to sell 20 apartments in the Algarve region due to licensing delays that have impacted the company's strategy for the project. Botelho said that this decision is not related to the company's financial health, noting that Vanguard's debt levels are at their lowest since 2018. Co-founded by Botelho and Swiss-French billionaire Claude Berda, Vanguard has grown to become one of Portugal's largest developers, boasting an investment portfolio exceeding €1.2bn. "Vanguard Properties plans to sell four hotels and residences in Portugal" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
03-07-2025
- Business
- Yahoo
Banco do Brasil boosts farm credit plan as investors question exposure
By Gabriel Araujo SAO PAULO (Reuters) -Brazilian state-run lender Banco do Brasil said on Thursday it would bump up the money it allocates to national farm credit in the 2025/26 season, as markets grow increasingly worried about its exposure to the sector. Banco do Brasil is typically a pillar of the country's "Plano Safra," a government program providing farmers with subsidized loans, which is seen as critical to boosting output in the South American agricultural powerhouse. The bank said in a statement it would allocate 230 billion reais ($42.41 billion) this season, up 2% on a yearly basis. The government had disclosed its program totaling 605.2 billion reais earlier this week. "The bank kept its leadership in financing for both family farming and agribusiness, posting growth across all parts of the government's Plano Safra," CEO Tarciana Medeiros said, referring to the previous season. The announcement comes as investors voice concern over the bank's agricultural footprint, after it reported a profit miss in the first quarter and pulled some full-year projections due to the worsening of its agribusiness credit book delinquency. Shares of the state-run lender have plunged nearly 25% since it published its first-quarter results in May, with analysts at XP and BTG Pactual downgrading their recommendation on the stock. Asset manager Legacy Capital revealed in a report on Wednesday that it has been holding a short position on Banco do Brasil for some time now, saying that the market "still underestimates risks stemming from its agribusiness loan book." Banco do Brasil's agribusiness portfolio stood at 406.2 billion reais at the end of the first quarter, up 9% year-on-year, with a delinquency rate of 3.04%. The lender's overall outlook for expansion of its agribusiness credit portfolio this year ranges from 5% to 9%. Banco do Brasil shares were up 1.5% on Thursday, in line with benchmark stock index Bovespa. Some farmers in Brazil - a top global supplier of grains, coffee, meat, cotton and sugar - have struggled in recent years with bad weather, high interest rates and elevated input costs, leading to an increase in the number of bankruptcy filings. ($1 = 5.4237 reais) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-06-2025
- Business
- Yahoo
KEO World Launches WORKEO for Payments Between Companies and Transaction Financing
New solution integrates payment management and financing, with extended terms for suppliers and accelerated collections. MIAMI, FL / / June 14, 2025 / KEO World, a global leader in digital technology and innovation, announces its entry into the Brazilian market. The company, specialized in innovative and fully digital payment and financing solutions between companies, launches, in partnership with BTG Pactual, Workeo - a financing platform powered by artificial intelligence and with a payment core based on blockchain, transforming the global B2B payments and inventory financing market. Workeo's technology democratizes access to a platform that was previously restricted to large corporations, now available for companies of all sizes in Brazil. The solution facilitates transactions, making them safer and more efficient while establishing a new standard for financial accessibility and operational excellence. The launch comes at a strategic moment for the Brazilian market, where a significant portion of companies, especially medium-sized ones, still face difficulties accessing working capital credit essential for driving their businesses. According to studies from SEBRAE and data from CNDL/SPC Brazil, many of these companies continue to operate outside the traditional financial system - a reality also recognized by the Central Bank of Brazil. "The arrival in Brazil marks a strategic step for KEO World. Together with BTG Pactual, we combine cutting-edge technology with the financial solidity of one of the most respected institutions in Latin America. Together, we will expand access to working capital quickly, safely, and intelligently, driving the growth of thousands of Brazilian companies," highlights Paolo Fidanza, CEO and founder of KEO World. Through this partnership, KEO World and BTG Pactual Empresas offer a complete digital platform that covers all stages of B2B payments - from financing to transaction execution. The solution enables fast, secure, and transparent payments with financing options of up to 90 days per invoice, providing greater flexibility in cash flow and significant efficiency gains in financial operations. *Personalized digital experience* Unlike standardized solutions offered by traditional banks and fintechs, Workeo provides personalized digital credit lines with flexible use and automatic reuse, without hidden fees and with conditions tailored to each client's cash flow and profile. The platform also allows for global multi-currency inventory financing as well as real-time invoice settlement even when suppliers do not offer credit. The solution promotes cash flow optimization and increases companies' purchasing power by significantly reducing costs and eliminating inefficiencies by replacing manual processes with a 100% digital experience powered by artificial intelligence. "We are committed to offering innovative solutions that meet the real needs of Brazilian companies. The partnership with KEO World represents another significant technological advancement in our credit offering to entrepreneurs," states Gabriel Motomura, partner and co-head of BTG Pactual About KEO World Founded in 2020 and based in Miami, USA, KEO World has processed over $1 billion in revenue volume with direct clients and operates in markets such as the United States, Mexico, Canada, Colombia, and Peru. The company is recognized for its exclusive technology and customized solutions for B2B payments and digital inventory financing. Media Contact Organization: KEO WorldContact Person Name: Carlos MejiaWebsite: press@ Number: +13057338167City: MiamiState: FLCountry: United States SOURCE: KEO World View the original press release on ACCESS Newswire Sign in to access your portfolio
