Brazilian investment bank BTG Pactual has agreed to sell a $1.8 billion stake to an investor group led by three of the world’s largest sovereign wealth funds, according to the Financial Times.
Skadden, Arps, Slate, Meagher & Flom‘s close ties to Sao Paulo-based BTG helped it land the work on the capital investment by the investor group, which Bloomberg reports is comprised of the Government of Singapore Investment Corp., China Investment Corp., the Abu Dhabi Investment Council, the Ontario Teachers’ Pension Plan, and U.S. investment firm J.C. Flowers & Co. Skadden M&A partner Alan Myers in New York led a team from the firm working on the deal for BTG.
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