( Bloomberg Linea) Brazilian financial advisory boutique has sought to grow in new businesses, such as debt structuring
Bloomberg — Seneca Evercore , a Brazilian boutique financial advisory firm, is moving into a new office more than double the size of its current space as it expands its team and enters new business ventures.
Specializing in advising on mergers and acquisitions and debt restructuring, Seneca Evercore began structuring local debt securities this year at a time when the Brazilian market is growing due to rising interest rates.
The company is leaving its office in the Plaza Iguatemi building in São Paulo’s financial center, at 2,277 Brigadeiro Faria Lima Avenue, and moving to Salma Towers, on the same avenue and at number 3,603, according to an email to Bloomberg .
New York-based Evercore said in July 2021 it had bought a 20% stake in Seneca Evercore after a year of maintaining a “strategic alliance” with the company.
Former Goldman Sachs partner Daniel Wainstein and other executives have retained most of the company. Seneca Evercore now has 50 employees, up from 25 about three years ago.
Brazil's debt issuances have reached a record R$424.35 billion so far this year, 87.60% more than in the same period last year.
Seneca Evercore advised Latin America's largest alternative asset manager Vinci Partners Investments on the acquisition of MAV Capital Gestora de Recursos, an investment company focused on agribusiness, in a deal announced in April.
It also structured R$435 million in securities backed by real estate assets called Real Estate Receivables Certificates for the developer FGR Incorporações, based in Goiânia, in two 17-year installments.
Published in Bloomberg Linea on 12/16/24 and available at https://www.bloomberglinea.com.br/2024/12/16/seneca-evercore-expande-equipe-e-muda-para-escritorio-maior-em-sao-paulo/
Comments