DLJ South American Partners To Spin Off As Private-Equity Firm

2018-04-24T21:02:25+00:00 August 8th, 2011|United States|

August 8 - 2011   South American Partners, an affiliate of Credit Suisse Group (CS, CSGN.VX), has decided to spin off as an independent firm once its debut private-equity fund is done with its investment period, said people familiar with the situation. The new firm will be called Victoria Capital Partners, these people said. The move by the team to become an independent group is being done in part to attain more of the profits and expand the firm. Presently, Credit Suisse owns 49% of DLJ South American Partners; the management team holds a 51% stake. It was agreed that Credit Suisse will hold a reduced stake of 24.9% in the new firm, one person familiar with the situation said. The Swiss bank invested at least $25 million in the firm's debut fund, DLJ South American Partners LP, which wrapped up at $300 million in 2008. [...]

Brazil’s Technos prices share sale within range

2018-07-24T02:05:45+00:00 June 28th, 2011|United States|

June 28 - 2011 Brazilian watchmaker Technos prices on Tuesday an initial public offering within the suggested price range, as recent turmoil in global financial markets prevented the company from fetching a higher value for its stock. The Rio de Janeiro-based company and shareholders raised a total 460 million reais ($291 million) through the sale of the 27.9 million common shares on offer at a price of 16.50 reais each, according to a filing with Brazilian securities regulators. The price came at the bottom of the suggested price tag of 16.50 reais and 20.50 reais, according to the filing. The deal comes as other IPOs this year have failed to draw strong interest from foreign investors -- traditionally the main buyers of new equity listings in Brazil -- due to growing risk aversion, the difficulty of comparing new issues with existing ones a perceived glut [...]

McDonald’s LatAm franchisee IPO raises $1.25 bln

2018-04-24T21:05:15+00:00 April 13th, 2011|United States|

April 13 - 2011 Arcos Dorados Holdings Inc, a large South American franchisee of U.S. fast-food chain McDonald's Corp (MCD.N), sold more shares than originally planned at a price above the proposed range in an IPO on Wednesday, a source familiar with the deal said. The company and its shareholders sold 73.5 million shares for $17 each, raising $1.25 billion, the source said. They had planned to sell 62.5 million shares for $13 to $15 each. "Neither one of those surprises me," said Morningstar senior restaurant analyst R.J. Hottovy. "The company warrants a premium valuation just because of its exposure to Latin American markets as a pure play on the consumer space as well as the strong brand like McDonald's." Argentina-based Arcos Dorados, which means Golden Arches in Spanish, is the largest McDonald's franchisee in terms of sales and number of restaurants, accounting for more [...]