Billionaire Marcelo Claure, the former SoftBank Group Corp. executive, said he made an investment in Brazil’s EB Capital that gives him a “significant” stake in the investment firm, and that he will become a company partner and vice chairman.
EB Capital, based in Sao Paulo, has 5 billion reais ($987 million) under management and stakes in companies including health-care, education, green-energy and telecommunications firms. Claure and EB Capital declined to say how big an interest he’s acquiring or how much he’ll pay for it. The investment was made through the Claure Group family office, which has $4 billion under management, according to a statement.
“Brazil’s emerging as potentially the green power in the entire world,” Claure said in an interview from New York. “So I’m incredibly bullish. My next step was to go find the right partners. And I found in EB Capital what I like to call an emerging platform — one that is fast-growing and, more importantly, one that shares the same vision that I have for the country.”
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