Time for Fun Files IPO

Brazilian entertainment company T4F Entretenimento is preparing an IPO, according to regulatory filings. The event promoter and ticket broker operating in Brazil, Chile and Argentina has not indicated the size of the offer or use of proceeds in its initial documents. The offer will include primary and secondary shares sold by controlling shareholder and CEO Fernando Luiz Alterio, Mexican entertainment operator CIE Internacional, and Gavea Investimentos’ GIF II fund. T4F, which stands for “time for fun” booked BRL95.1m in Ebitda in 2010, up from BRL46.1m in 2009. Credit Suisse is lead coordinator of the sale, with BTG and Bradesco as bookrunners.