Private Equity & Venture Capital Analysis of Brazilian Industry
30/01/2008. This Monitor Group/ABVCAP study provides an overview of the private equity and venture capital activity in Brazil.

Brazilian private equity market survey
04/05/2004. After two consecutive years of a declining trend, the value of private equity and venture capital investment in Brazil increased by 32 per cent in 2003, according to the Brazilian Venture Capital Association. A total of 54 companies received $451m last year, compared with $342 in 79 companies in 2002.

The Mae is dead! Long live the Mae!
13/06/2003. Prospects have improved considerably for Brazil's energy sector since the government replaced the self-regulating Mercado Atacadista de Energia (MAE) with a new government- controlled entity last year, according to Matthew Fowler of Coudert Brothers. Governmental reorganisation of the company and the market conditions that govern it have created a fertile energy sector but it remains to be seen if the reforms will translate into a sustainable regulatory framework for Brazil's wholesale energy market.

Brazil Venture News Issue 19
14/02/2003. The figures for venture capital and private equity activity in Brazil for 2002 confirm the lacklustre year for the country in this arena. Private equity firms invested $164m in 34 deals last year, which represents a reduction of 76 per cent in dollars invested and 50 per cent in number of deals compared to 2001. This poor performance could be attributed to a delay in implementing investment plans by private equity firms and portfolio companies and the high volatility of foreign exchange rates, according to Stratus Investimentos.

Brazil Venture News Issue 18
21/01/2003. The Brazilian government, elected in October 2002, has already shown its support for the country's venture capital community by expressing a need for greater development of capital markets. Such support is not expected to cause an immediate surge in venture capital activity but it does have positive implications for the future, says Stratus Investimentos.

A prescription for building a venture capital industry in Brazil
11/12/2002. Brazil has slowly been opening its doors to venture capital since the mid 1990s. In the intervening years, the industry has become increasingly professional. Robert Binder of the Brazilian Venture Capital Association charts the rise of the industry in Brazil but argues that more must be done to ensure its future success.

Brazil venture news
27/09/2002. The first half of 2002 showed a marked decline in the Brazilian venture capital industry when compared with the previous year. But there are some positive signs with a natural selection process now occurring in the country, according to Stratus Investimentos. There are fewer funds, more experienced and committed teams, and possibly more deals.

Brazil venture news
27/09/2002. There has been a continued global decrease in investments in the private equity industry in recent months. Stratus Investimentos highlights the most interesting figures and places Brazil within this context.

Brazil venture news
13/08/2002. Fundraising in Brazil took a dramatic downturn in 2001. The positive aspects, such as the removal of important restrictions for local institutional investors, were far outweighed by the negatives. The crisis in Argentina, the international macro-economic uncertainties, the performance of existing venture capital funds and the extended regulatory transition of the local pension funds industry all helped to accelerate the decline, according to Stratus Investimentos.

Impact of recent legislative developments on private equity investments in Brazil
12/08/2002. Venture capital investment relies strongly on the quality of rights of minority shareholders of the target company and the quality of corporate governance standards as a whole. The easier the enforceability of shareholders' rights, the more transparent the management of the company will be and the friendlier the environment for private equity investments. Augusto Cesar Barbosa de Souza of Vieira, Rezende, Barbosa e Guerreiro examine how far Brazil has developed laws to encourage foreign investment.

Brazil Venture News Q1 2002
28/05/2002. Almost half of investment firms in Brazil are currently managed by international players. However, macroeconomic uncertainties and the September 11th attacks have slowed foreign activity in this region. This is according to the Stratus monthly newsletter.

Brazil Venture News
07/03/2002. Investment activity in venture capital remained steady in Brazil throughout 2001, according to Stratus. However, the outlook for 2002 is still uncertain with investment activity probably being influenced by an uncertain political situation and macro-economic developments.