Martin Escobari, Managing Director, Advent International

Mark Bishop

Chapter 15 in The Future of Private Equity, 2012, pp 162-173 from Palgrave Macmillan

Abstract: Abstract I mentioned in Chapter 12 that South America has a boom-and-bust, famine-and-feast reputation as a destination for private equity investment. At the time of writing, the market was exhibiting both characteristics simultaneously: boom in that investors’ capital continued to flow into the region and, in Brazil especially, owners’ valuation expectations for private businesses remained frothy; bust in that the region’s key stock market, Brazil’s Bovespa, remained subdued, trading at a PE ratio of less than six on the back of sober projections of Asian demand for the commodities and energy that comprise much of the index, due to concerns about anaemic recovery in Western consumer markets.

Keywords: Hedge Fund; Private Equity; Private Business; Portfolio Company; Private Equity Fund (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-29586-6_16

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DOI: 10.1057/9781137295866_16

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