Business
XP Inc. Acquires Minority Stake in Capitânia Investimentos
SÃO PAULO--(BUSINESS WIRE)-- XP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in
About this update from Xp Inc.
[{"type":"text","content":" SÃO PAULO--(BUSINESS WIRE)--\nXP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today the acquisition of a minority stake in Capitânia Investimentos, an independent traditional asset manager in Brazil specializing in Corporate Credit, Real Estate and Infrastructure investment strategies. Founded in 2003, Capitânia manages over R$11 billion of assets.\n\nBy partnering with XP, Capitânia expects to accelerate growth, expand existing strategies as well as the company’s range of products to become one of the main providers of mid- and long-term capital in the Brazilian markets.\n\n“We have a longstanding relationship with Capitânia, which spans more than 10 years, and we are now taking the next step in strengthening our successful partnership,” commented Leon Goldberg, partner at XP Inc. “The investment in Capitânia is aligned with our vision of offering our clients the most complete investment ecosystem in the market including access to alternative and innovative products.”\n\nCapitânia Investimentos currently manages 30 investment funds for 140,000 individual investors and more than 80 institutional investors. Capitânia maintains an activist investment approach and seeks investment opportunities that present a superior return while managing related risks and liquidity profiles. Since its founding, Capitânia has made more than 500 investments.\n\n\"Our business model will remain focused on our investors, based on a robust investment process, intensive use of technology and strict risk control, anchoring transactions that have been structured by third parties, and always positioning ourselves as one of the leading investors in each investment,” noted Ricardo Quintero, partner at Capitânia.\n\nCapitânia Investimentos’ independence and corporate governance will remain unchanged. The asset manager will maintain a team of 30 people. In addition to Mr. Quintero, Arturo Profili and Caio Conca are co-managers and Carlos Simonetti and Flávia Krauspenhar are responsible for Investor Relations, Products and Marketing.\n\nThe completion of the transaction is subject to compliance with certain precedent conditions.\n\nAbout XP\n\nXP is a leading, technology-driven financial services platform and a trusted provider of low-fee financial products and ...