CVC Capital Plans São Paulo OfficeBy
RIO DE JANEIRO — The private equity firm CVC Capital Partners plans to open an office in São Paulo and take on a prominent Brazilian investment banker to run it.
Jean-Marc Etlin will join as head of the Latin America operation, beginning in January, CVC said in a statement on Wednesday. Mr. Etlin is the longtime chief executive of Itaú BBA Investment Bank, part of Banco Itaú, which he joined in 2005.
In the decade that followed, he played a key role in its rise, both when Brazil’s economy boomed and experienced a record number of initial public offerings but also in recent years, when mergers and acquisitions have become the only viable exits for companies here and when private equity’s role in those deals grew…
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