Emerging Markets Global Advisory Limited (EMGA), the niche investment bank focused on emerging markets, has announced a Senior Debt capital raise transaction that will allow BTG Pactual to expand its small and medium-sized enterprise (SME) activities in Brazil.
The US$300 million debt facility was provided by DFC and follows on from a US$140 million transaction completed last year with DEG and Proparco, two European development institutions.
Commenting on the transaction, BTG Pactual’s Caio Zanette said, “BTG Pactual is very pleased with the support of EMGA on pursuing this landmark transaction that will benefit our SME activities in Brazil. We continue to develop all our activities and the funding provided by DFC will help boost the initiative while generating strong positive impact in the community by supporting the 2X Challenge and focusing on economically disadvantaged regions”.
Sajeev Chakkalakal, Managing Director of Investment Banking at EMGA, said, “It was a pleasure to help BTG’s team again by advising this landmark facility aimed at funding BTG’s small and medium enterprise loan portfolio across Brazil. DFC is a long-term partner of EMGA and its position as a pre-eminent development finance institution also offers a new strategic funding source for BTG.” Jeremy Dobson, Managing Director of EMGA, added: “It’s been a pleasure to work with all parties on this transaction”
Algene Sajery, DFC’s Vice President of the Office of External Affairs and Head of Global Gender Equity Initiatives, said, “We are proud to partner with BTG Pactual through this transaction to unlock the full economic potential of women and help address rural development gaps and income inequality in Brazil.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.