Of Special Interest
2nd March 2012
BTG Pactual listing will be one of largest
BTG Pactual is proceeding with its plans for an IPO and is reported to have mandated Goldman Sachs and JPMorgan Chase to lead.
In 2006 Banco Pactual was bought by UBS for 'up to $2.65bn'. In 2009 Pactual was bought out from UBS for $2.45bn and has been headed by André Esteves. Three sovereign wealth funds took a combined 18.7% stake in the bank during 2010 valuing the bank at around $10bn. Since then it has grown fast and last year merged with. The IPO later this year is expected to value the bank at something higher than $13bn.