Today, Brazil still attracts more investment than any of its Latin American neighbors. Concern about the pandemic reaches new highs while Bolsonaro goes to court against social isolation. Congress upholds pro-market sanitation rules, leading one state firm to go public.
? Breaking
The Federal Police arrested a man suspected of stealing and leaking private data from 223 million Brazilians (including deceased ones), in what was the biggest data leak in Brazilian history. We will bring more details in today’s Tech Roundup.
Brazil still Latin America’s main investment destination
Despite its sluggish economy, a raging pandemic, and a rapidly devaluing currency, Brazil is still the recipient of 78 percent of all private equity investment in Latin America. The data comes from a recent report by consultancy firm Bain & Company.
Why it matters. Private equity investment amounted to USD 7 billion in 2020 and brought money to important sectors of the economy, such as tech, healthcare, retail, and infrastructure — as well as financial services.
Unscathed. Despite the massive effects of the pandemic on economic growth, private equity bounced back after Q3 2020. “The rapid recovery of the sector is not surprising. Recessions usually offer private equity funds a relatively easy...