In Brazil, in particular, there is growing exasperation at the inability of companies to finance growth through issuing equity, and bankers report greater interest in this area, with private equity becoming an important source of capital for corporate growth.
International equity investors have lost a lot of money as stocks have fallen, compounded by currency devaluations. In dollar terms, Latin American equities have performed particularly badly.
“There are two types of international investors that look at Latin America,” says Enrique Corredor, head of ex Brazil equity capital markets at BTG Pactual in New York.
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