14 August 2022
Enterprise capital agency Votorantim and Singapore’s Temasek introduced a strategic partnership to discover new funding alternatives in development capital in numerous sectors of the Brazilian financial system.
By the phrases of the settlement, Votorantim and Temasek will likely be companions in a brand new funding fund, through which each events have dedicated to take a position as much as US$700 million (about R$3.6 billion).
With greater than 100 years of historical past in Brazil, Votorantim is an funding holding firms in Latin America, holding stakes in companies throughout numerous financial sectors, together with constructing supplies, monetary providers, renewable vitality, metals & mining, actual property, infrastructure, and agriculture.
In the meantime, Temasek is a worldwide funding firm headquartered in Singapore, with a web portfolio worth of S$403 billion.
João Schmidt
João Schmidt, CEO of Votorantim stated,
“We’re excited to announce this extremely strategic partnership with Temasek, a worldwide investor that shares the identical constructive imaginative and prescient on Brazil’s potential.
Collectively by this new platform we’ll associate up with entrepreneurs and excessive development firms to help them in the long term to turn out to be champions of their sectors”.
Dilhan Pillay
Dilhan Pillay, Government Director and Chief Government Officer of Temasek stated,
“Our partnership with Votorantim is an evolutionary part in our funding technique and engagement in Brazil, representing a brand new and thrilling method to discover funding alternatives on this geographically essential market, with a like-minded investor that shares our long-term funding philosophy and brings robust home functionality alongside Temasek’s world presence.
We see the power of our approaches being mixed into this new funding automobile which is able to present a brand new platform to associate Brazilian firms with development capital, and we’ve got each confidence that our group will carry the DNA and spirit of Temasek with them to excel in a difficult surroundings.”
In an extra evolution, the Temasek funding group in Brazil, led by Matheus Villares, will transfer on to type a partnership with Votorantim known as 23S Capital.
The brand new funding platform is based upon an entrepreneurial DNA shared by each Votorantim and Temasek, specializing in long-term investments and sustainable worth creation.
This partnership represents the convergence of native information, business expertise, a worldwide community, and the monetary power wanted to foster the long run generations of Brazilian firms.
The creation of 23S Capital has acquired regulatory approval by Conselho Administrativo de Defesa Econômica (CADE).
Featured picture credit score: Edited from Pexels
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