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: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...