Privateequity
Two quick notes. First, a relatively superficial story about Brazil’s pre-salt oil’s potential for changing the country for good – or bad. It’s interesting to see how this story is being told abroad. Second, an interesting story on Jeffrey Kaplan, who for 24 years was involved with M&A – including some of the largest deals such as the HCA LBO. The interview is an interesting inside view on M&A, private equity, even debt markets.
The Economist yesterday ran a story on the frothiness of the Brazilian markets, especially for Private Equity and Hedge funds. It’s great that the country has seen a wave of IPOs and that more sectors of the economy are now represented in the exchanges. Increasing Private Equity investments and a healthy market providing an exit strategy could mean that, over time, more interesting companies and business models come to the market. But as we’ve argued in our latest report, an excerpt of which we include in this post, some caution is due.
GP Investments’ Antonio Bonchristiano and Fersen Lambranho gave an interview for Valor Economico (in Portuguese) that should be pretty interesting for those interested in Private Equity in Brazil – not the least because it’s above-average in terms of frankness.
Motivated by the recent LBO of IMS Health by TPG (the private equity group) and Canada Pension Plan, we have a few links inside about the company. We had been looking at it at least since 2007, when we started to look at the healthcare industry globally.
