Wednesday, January 27, 2021
Financing and M&A

BTG Pactual raises $500M

BTG Pactual (BPAC11), the investment bank from Latin America, concluded on Thursday its primary offering of shares, which raised R$2.65bn (Equivalent to 500 million US dollars). The offer, of 35.6 million units, was priced at R$74.40 per unit. With a broad exercise of first-refusal rights by minority shareholders, investor demand was 6 times greater than the amount offered and was split almost equally between local and international investors.

In the words of BTG Pactual CEO Roberto Sallouti: “We are extremely proud of what we are building and of how we conducted our businesses during this unprecedented crisis, and we are prepared to capture new opportunities, with a solid capital and liquidity position. The success of this offer reinforces our commitment to generating the best return for our shareholders and society.”

BTG Pactual was the bookrunner of the offer, together with Bradesco BBI, Itaú BBA, and Santander.

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