quinta-feira, 13 de julho, 2017

Advent makes acquisition to consolidate business of spare parts

The American Fund Advent announced yesterday the purchase of spare parts, Menil Ribeirão Preto (SP), through your controlled Fortbras. The acquisition, whose value was not revealed, is part of a move to consolidate the management company in this segment. The expectation of the private equity fund-buying stakes in companies – is to achieve R $600,000,000 in billing in the market for used cars in 2017, an increase of 20% compared to last year. The Fortbras is present in 13 States of the country and will continue to seek to expand their business assets. The expectation is to achieve revenue of R $2 billion in five years. Szachnowicz said that, for now, there are no plans to open the capital of the company. "With economic crisis and the automotive industry, the auto parts aftermarket firm must follow. We''re going to do acquisitions, but also invest in opening new stores and expansion of the product portfolio, "he said. The Executive noted that the performance was, so far, restricted to electrical parts and now will cover areas such as suspension, brake, clutch and steering. Diversification. In recent months, the purchases of Advent were sprayed by various sectors. In December 2016, the American Fund made an acquisition in the area of education – with the purchase of Cesuca, Rio Grande do Sul. The expectation is that the Manager, former partner of Kroton, the largest company of the country''s education, can buy other assets in this segment. In January, the Fund disbursed R $550,000,000 by quantiQ, chemical distribution company that belonged to Braskem, the Odebrecht Group, through its subsidiary GTM. In March, the Advent paid about R $200,000,000 for control of the Easynvest brokerage. The Manager also is preparing to open the capital of your company, Biotoscana. Disinvestment. Another move expected by the market is the sale of TCP, Paraná port terminal that is being negotiated with China Merchants Group (GMG), operation in which the Fund is advised by banco Santander. The total value of the asset is estimated at $ $1 billion, but the figure may be revised. The Advent is the controller of the business. Sought, the Asian Group did not return requests for interviews. The Advent didn''t want to comment on this matter. Sources familiar with the issue reported that the negotiations are in the process of legal analysis. Another person familiar with the matter said that, with the current political turmoil, the talks for the sale of TCP have reduced the pace, but still firm. The TCP was target of Dubai Ports World (DP World), but the Chinese came out in front, as was the use of the State.
Estadão - 13/07/17 Noticia traduzida automaticamente
clique AQUI para ver a original
Outras noticias
DATAMARK LTDA. © Copyright 1998-2019 ®All rights reserved.Av. Brig. Faria Lima,1993 3º andar 01452-001 São Paulo/SP