3i Group Taps Di Lorenzo To Head New Brazilian Office

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.”

 


In Depth

Q&A: MackeyRMS's Chris Mackey On A High Tech Fix To Broker Votes

Jun 23 2017 | 8:17pm ET

The looming implementation of the EU’s MiFID II rules regarding research has put...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of