Gávea Partially Exits Brazil’s Armac via ~USD288m IPO
Source(s): Istoé Dinheiro
Gávea Investimentos’ Speed fund partially exited Armac, a Brazilian equipment rental company for agribusiness, mining and infrastructure, via the company’s BRL1.5b (~USD288m) IPO on the B3. The secondary offering raised BRL532m (~USD102m). Read more