BTG PE Makes Domestic Goods Investment

BTG Pactual’s private equity arm has agreed to acquire 40% of retailer Leader Participacoes for BRL665m ($334m), it says. Under the terms of the deal, BTG’s funds will pay BRL558m for a 35.88% position. Leader will then hold a rights offering, through which BTG will buy new shares worth another 6.42%. The deal also allows BTG to buy an additional 20%-30% during a 90-day period following the rights offering. Leader operates in the clothing and housewares sector. The transaction is subject to regulatory approval.