Santander Brasil Spawns $2B PE Management Co.

Law360, New York (January 19, 2012, 8:26 PM EST) -- Banco Santander Brasil SA, one of Brazil's largest banks, has created an independent company to manage its private equity funds, which are currently valued at $2.1 billion and concentrated in the infrastructure and oil and gas sectors, Santander's banking union announced Thursday.

The spinout comes in response to a global push for transparency in investment banking, according to SEEB-MT, the Mato Grosso, Brazil, banking and finance union to which Santander belongs.

The new firm, which will be known as Mantiq Investments in honor of Brazil's Mantiqueira...
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