3i Expands into Brazil

Private equity firm 3i Group has opened new offices in Brazil and named Marcelo Di Lorenzo to lead the effort. Di Lorenzo worked previously of Standard Bank Private Equity. The rest of the São Paulo-based team includes Edward Hanmer, Felipe Vivacqua and Carlos Lopes – all formerly of Standard Bank Private Equity. 3i will look to invest between $30 million and $100 million per transaction, in businesses with an enterprise value of up to $200 million. The main focus will be on businesses in the consumer and business services sectors, the company said.

ManagersNorth AmericaUSBriefs