Patria Weighs Vulcabras Investment

Brazil’s Vulcabras has signed an agreement to negotiate an equity investment from private equity firm Patria Investimentos. It does not give an indication of the size of the investment being discussed with the Vulcabras’ controlling shareholders. BTG Pactual is advising Vulcabras, according to an investor relations official, who declines to offer additional details. The maker of shoes and sporting goods planned and subsequently pulled a public follow-on equity sale last year.