CVC Capital Partners will open a new office in São Paulo, Brazil to cover the Latin American market, the private equity firm announced today.
Jean-Marc Etlin, who has been CEO of Itaú BBA Investment Bank since 2005, will lead the new office.
Prior to joining Itaú BBA, Etlin worked at UBS where he was managing director and co-head of Latin American investment banking.
According to CVC, the firm plans to make investments in Latin America from its sixth fund, which closed more than 10.9 billion euros in funding in 2013.
With this new office in Brazil, CVC’s overall total of global offices is now at 24.
Photo of Brazil’s flag courtesy of Shutterstock