H.I.G. Capital Appoints Penchas to Latin America Advisory Board

Apr 20 2015 | 12:07pm ET

Private equity firm H.I.G. Capital announced it has appointed Henri Penchas to its Latin America Advisory Board.

The company, which established a local presence in Brazil in 2012, has been one of the most active private investors in the country. Its 31-member team, operating out of four offices across Brazil, has completed nine transactions to date.

Penchas is a senior executive at Itaúsa, one of the largest conglomerates in Brazil, with whom he has been associated since 1985. He is currently a member of several Boards of Directors, including those of Itaúsa (ITSA4), Itaú Unibanco (ITUB4), the largest bank in Brazil, Duratex (DTEX3) and Elekeiroz (ELEK4).

“The creation of a regional Advisory Board, which already includes Gustavo Loyola, a former Chairman of the Brazilian Central Bank, is another strong statement of our long-term commitment to Brazil and Latin America," Fernando Marques Oliveira, Managing Director and Head of H.I.G. Brazil & H.I.G. Latin America, said "It is with great pleasure that I welcome Mr. Penchas, with whom I have already worked in the past, to our Advisory Board. He is one of the most influential business leaders in Brazil and I am confident he will make a significant contribution to our team and to our success.”

H.I.G. Capital currently has more than $17 billion of capital under management.

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