PE Shop Names Sao Paulo Head

Private Equity firm General Atlantic has hired Martin Escobari as a managing director and head of its Sao Paulo office and LatAm investing program. He will lead GA’s activity in Latin America, where it has already invested more than $1bn to date in growth companies. Escobari previously spent 4 years working at PE firm Advent International, most recently as MD. He is also a founder of online retailer Submarino.com. General Atlantic’s most recent investment in the region was a co-investment with Grupo Suramericana in its purchase of ING’s LatAm assets last year.