Advent International’s 10th Latin American financial services deal – the purchase of a minority stake in Latin America’s largest central depository for private fixed income securities and over-the-counter (OTC) derivatives – puts the firm in position to capitalise on projected growth in Brazil’s credit markets.
“On a global scale, Brazil is the only large market that is still under-leveraged and is likely to see higher-than-average credit growth in the near future,” Martín Escobari, a managing director in Advent’s São Paulo office, said in a statement.
