SAO PAULO, Oct 6 (Reuters) - Investment firm Vinci
Compass said on Monday it has agreed to acquire
Brazilian asset manager Verde, one of Latin America's most
established hedge funds, in a stock and cash deal.
Rio de Janeiro-based Vinci Compass said it will acquire
50.1% of Verde for 3.1 million Class A shares and 46.8 million
reais ($8.81 million) in cash.
The firm said it agreed to acquire the remaining 49.9% five
years after closing, through an earnout valued at 127.4 million
reais, paid in stock, cash or a combination of both.
Verde, founded and led by fund manager Luis Stuhlberger,
will add 16 billion reais ($3 billion) in assets under
management to the portfolio of Vinci Compass, which manages more
than 300 billion reais in areas such as private equity and
infrastructure.
Verde will stay under an independent governance framework,
Vinci Compass said, with Stuhlberger remaining as Verde's head.
He will also become a partner of Vinci Compass.
Stuhlberger launched the Verde fund in 1997 within
Hedging-Griffo, later acquired by Credit Suisse. In 2015, he
founded Verde Asset Management after spinning off the fund.
"Verde's capabilities enhance our multi-strategy and pension
plans strategies within Global IP&S (investment products and
solutions), reinforcing earnings quality and deepening the share
of discretionary mandates," Vinci Compass said in a statement.
Verde said in July that it was in talks with Vinci Compass.
The transaction is expected to close in the fourth quarter
of 2025, subject to regulatory approvals and other closing
conditions, Vinci Compass said.
($1 = 5.3112 reais)