Advent-backed Allied launches IPO in Brazil

Brazilian technology company Allied, backed by private equity firm Advent International, launched on Thursday an initial public offering of up to 517.5 million reais ($92.1 million), according to a Thursday filing. Allied will use the proceeds to open new stores, boost its financing business, invest in technology platforms and acquire companies. The company plans to […]

Brazilian asset manager Vinci eyes deals at home after U.S. IPO

Vinci Partners Investment Ltd will use proceeds from its $250 million U.S. initial public offering to expand in its home Brazilian market, an executive at the alternative asset manager said on Thursday. The Rio de Janeiro-based firm intends to acquire rivals to expand its product suite, including in real estate, equities, and some credit strategies, […]