Tuesday, 5 May 2015
Last updated 7 hours ago
Apr 11 2011 | 8:33am ET
Private equity specialist 3i Group has appointed Standard Bank vet Marcelo Di Lorenzo to head its newly established Brazilian office.
Di Lorenzo will head a team that has participated in a number of significant Latin American p.e. transactions over the past 15 years, including the car rental company Localiza, the ISP UOL and the disposable healthcare products maker Cremer.
Approximately 20% of 3i’s core portfolio companies generate revenues from Latin America.
In addition to Di Lorenzo, the Brazilian team will initially consist of three other former Standard Bank private equity professionals, Edward Hanmer, Felipe Vivacqua and Carlos Lopes, all based in São Paulo. 3i will look to invest between $30 million and $100 million per transaction in businesses with an enterprise value of up to $200 million for minority or majority shareholdings. The main focus will be on businesses in the consumer and business services sectors.
Bob Stefanowski, who leads 3i’s American and Asian business, commented: “We believe the team, led by Marcelo, will be a great addition to the group. The formation of 3i Brazil will enhance our global investment capabilities and will provide our portfolio companies, many of which are already active across Latin America, with further access to this growing region.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…