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PE Giant Eyes Raizen in New Distress Deal
16 Jun
Summary
- IG4 Capital seeks to acquire debt from Raizen.
- This move follows IG4's Braskem takeover.
- Raizen SA is a major Brazilian sugar and ethanol producer.
Private equity firm IG4 Capital is reportedly preparing to acquire debt from Raizen SA, a significant Brazilian sugar and ethanol producer. This potential move comes as Raizen undergoes a proposed restructuring due to financial distress.
IG4 Capital recently secured control of Braskem SA, a major petrochemical company, indicating a pattern of acquiring struggling Brazilian giants. The firm's interest in Raizen highlights its strategy of investing in companies facing significant financial challenges within the Brazilian market.
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