Biosev Changes up Banks for Second IPO Attempt

Biosev has hired BTG Pactual, Banco do Brasil, Bradesco and JPMorgan to manage its next attempt at an IPO, according to a prospectus. The lineup keeps BdB, Bradesco and JPMorgan from last year’s try, while adding BTG and removing Banco Votorantim, Itau and Santander. The Brazilian sugar, ethanol and bioenergy unit of Louis Dreyfus Commodities still does not indicate size or timing. Biosev pulled a first attempt at a deal last year in July, after it was unable to get demand within its price range. It was targeting about $350m-$400m-equivalent.