Reuters - General Atlantic Buys Stake in Brazilian Brokerage

U.S.-based buyout firm General Atlantic agreed to pay 420 million reais ($200 million) for a 31 percent stake in XP Investimentos CCTVM SA, Brazil's largest independent brokerage, the companies said on Wednesday. XP, founded in 2001, boasts more than 70,000 retail investors and handles more than 20 billion reais ($9.6 billion) worth of trading each month.

DealsNorth AmericaUSBriefs