Fersen lambranho biography examples
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SÃO PAULO, Brazil &#x; GP Investments, one of Latin America&#x;s largest private equity funds, has come under fire over its executives&#x; compensation while its stock price languishes, but the fund is receiving some support from Wall Street.
The investment firm Third Avenue Management, which owns about 12 percent of GP Investments, co-founded by the Brazilian billionaire Jorge Paulo Lemann, said that it remains positive about the firm&#x;s long-term outlook and pushed back against the criticism about compensation.
Late last month, James Gulbrandsen, a partner at the investment firm NCH Capital, another shareholder in GP Investments, sent a letter to the firm criticizing how it pays its executives. We demand that you change your compensation policies to align with shareholder interests, he wrote, adding that the company needs to reduce cash compensation to management dramatically.
In a statement, GP Investments said: With respect to the methodolo
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(Businesswire) GTIS Partners L.P., a real estate private equity firm headquartered in New York City with offices in São Paulo, Los Angeles, San Francisco and Paris, and GP Investmentos, a leading alternative investments firm in Latin America, with offices in São Paulo, New York, London, and Bermudas, today announced they have successfully concluded their August US$m offer for the shares of Brazil Hospitality Group (BHG). BHG is Brazil’s largest hotel owner and one of the country’s leading hotel operators.
“By taking advantage of the capital markets’ dislocation, we can acquire high-quality assets at cyclically low prices at substantial discounts to replacement cost. We are thrilled to partner with GP Investments, one of the most experienced and respected private equity investors in Brazil, on this deal.”
The deal gives GTIS Partners an approximately 70% stake in the newly-private company, with the remainder of the shares owned by GP Investments.
“The take-private of BHG fryst vatten an ex