PRINT THIS PAGE DLJ South American Partners closes $300m fund for Argentina, Brazil, Chile01/04/2008. Source: AltAssets. 
DLJ South American Partners, a firm established in December 2006 by Credit Suisse's Alternative Investments business and a team of South America-based investment professionals led by Carlos Garcia and Marcelo Medeiros, has closed its first private equity fund on $300m. The new fund targets investment opportunities in Latin America, with a focus on Argentina, Brazil and Chile. It has already completed three investments. The fund, together with other investors, established Arcos Dorados to acquire the master franchise of McDonald's restaurants in Latin America and the Caribbean. DLJ SAP has also acquired Fispal, a promoter of food and beverage trade shows in Brazil, and has become the largest shareholder of EBEC, an Brazilian educational company.
'Latin America remains a largely untapped region, rich with dynamic investment opportunities with significant growth potential,' said Carlos Garcia and Marcelo Medeiros in a joint statement. 'We believe our unique relationships with local business leaders, coupled with our in-depth knowledge of the region's culture, will enable us to generate attractive returns for our investors. We look forward to successfully executing on our highly disciplined, opportunistic investment strategy and building on our strong performance track record in the years to come.'
Garcia previously led the private equity investment efforts in South America for Credit Suisse's private equity affiliate DLJ Merchant Banking Partners.
Medeiros used to be responsible for managing the Brazil Private Equity Fund, a Brazilian fund established by Banco Garantia, which Credit Suisse later acquired.
Copyright © 2008 AltAssets
|
