Greenhill & Co Inc and other global boutique investment firms are moving into Brazil, aiming to take advantage of strong mergers and acquisitions activity by poaching clients and deals from big-name banks. Wealthy Brazilian investors such as retail tycoon Abilio Diniz and Jo�o Alves de Queiroz Filho, who controls drug and beauty care products maker Hypermarcas SA, are increasingly tapping boutiques to oversee some deals and help them find potential investment opportunities locally and abroad.Worried about potential conflicts of interest with banks that act as both lenders and advisors, more Brazilian companies are turning to boutiques to help with cross-border takeovers and debt restructurings.Major banks often seek top-notch deals as a springboard to selling loans, derivatives and other products while boutiques provide tailor-made advisory services.The number of Brazilian takeovers involving boutiques has risen almost 20 percent since 2009, according to Thomson Reuters data.
Greenhill & Co., Inc. (Greenhill)is an independent investment bank focused on providing financial advice on mergers, acquisitions, restructurings, financings and capital raising to corporations, partnerships, institutions and governments. Shares of GHL traded higher by 0.69% or $0.33/share to $48.41. In the past year, the shares have traded as low as $43.21 and as high as $60.98. On average, 454184 shares of GHL exchange hands on a given day and today's volume is recorded at 33662.
Thomson Reuters Corporation (Thomson Reuters), is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.28% or $-0.1/share to $35.72. In the past year, the shares have traded as low as $31.38 and as high as $38.73. On average, 815786 shares of TRI exchange hands on a given day and today's volume is recorded at 132015.
Thomson Reuters Corporation (Thomson Reuters), is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.38% or $-0.15/share to $38.89. In the past year, the shares have traded as low as $33.08 and as high as $42.10. On average, 832475 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 548629.
Source
