LONDON–(COMMERCIAL THREAD) – Emerging Markets Global Advisory Limited (EMGA), the niche investment bank focused on emerging markets, today announces a landmark senior debt fundraising transaction that will allow BTG Pactual to expand its small and medium-sized enterprises (SMEs) in Brazil.
The US $ 300 million debt facility was provided by DFC and the transaction is the largest senior debt facility ever advised by EMGA and follows a US $ 140 million transaction completed last year with DEG and Proparco, two European development institutions.
The operation comes at a time as banks around the world are exploring new cross-border financing options to continue to support businesses affected by the COVID-19 pandemic.
Commenting on the transaction, BTG Pactual’s Caio Zanette said: “BTG Pactual is very pleased with EMGA’s support in pursuing this historic transaction which will benefit our SME business in Brazil. We continue to develop all of our activities and the funding provided by DFC will help boost the initiative while generating a strong positive impact in the community by supporting the 2X Challenge and focusing on economically disadvantaged regions ”.
Sajeev Chakkalakal, Managing Director of Investment Banking Services at EMGA, said: “It has been a pleasure to assist the BTG team again by advising this landmark facility to fund BTG’s small and medium-sized business loan portfolio to across Brazil. DFC is a long-term partner of EMGA and its position as a preeminent development finance institution also provides a new source of strategic funding for BTG. Jeremy Dobson, Managing Director of EMGA, added: “It was a pleasure to work with all parties on this transaction”
DFC’s investment, the agency’s largest loan in Latin America, will support lending to SMEs, with a focus on economically disadvantaged regions of the North and Northeast and women-owned and run businesses in Brazil. Algène Sajery, DFC’s Vice President of External Affairs, Head of Global Gender Equity Initiatives, said: “We are proud to partner with BTG Pactual on this transaction to unleash the full economic potential of women and men. women and help fill rural development gaps and income inequalities in Brazil. . ”
BTG Pactual: BTG is Latin America’s largest investment bank, Brazil’s 6th largest bank in terms of equity, and a key player in providing loans and guarantees to a wide range of clients, from SMEs to large corporations. BTG is a pioneer in the promotion of climate finance in Brazil and plays a central role in channeling resources towards projects having a positive impact in the community.
DFC: US International Development Finance Corporation (DFC) is the development bank of the United States. DFC partners with the private sector to provide financing solutions aimed at solving the problems facing developing countries.
Emerging Markets Global Advisory Limited, based in London, assists financial institutions and corporations in finding debt / equity capital. The EMGA team combines the decades of experience necessary to carry out transactions in emerging countries. EMGA continues to expand and consolidate its position as a niche investment bank focused on emerging markets.