- Henri Penchas,senior executive at Itaúsa, joins Gustavo Loyola, a former Chairman of the Brazilian Central Bank, at the regional Advisory Board.
H.I.G. Capital has appointed Mr. Henri Penchas to its Latin America Advisory Board. H.I.G. established a local presence in Brazil in 2012 and is 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.
Henri 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, Itaú Unibanco, the largest bank in Brazil, Duratex and Elekeiroz.
Fernando Marques Oliveira, Managing Director and Head of H.I.G. Brazil & H.I.G. Latin America, added: “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. 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. is a leading global private equity and alternative assets investment firm with more than $17 billion of equity capital under management. Based in Miami, and with offices in New York, Boston, Chicago, Dallas, San Francisco and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris and Rio de Janeiro, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach.