Vinci Partners Completes Acquisition of SPS Capital
RIO DE JANEIRO, Brazil, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Vinci Partners Investments Ltd. (NASDAQ: VINP) ("Vinci Partners, Vinci, "we," "us," or "our"), the controlling company of a leading alternative investment platform in Brazil, announced today that it has completed the previously announced acquisition of SPS Capital (SPS, Team), a leading independent alternative asset manager focused on the Special Situations segment in Brazil.
- RIO DE JANEIRO, Brazil, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Vinci Partners Investments Ltd. (NASDAQ: VINP) ("Vinci Partners, Vinci, "we," "us," or "our"), the controlling company of a leading alternative investment platform in Brazil, announced today that it has completed the previously announced acquisition of SPS Capital (SPS, Team), a leading independent alternative asset manager focused on the Special Situations segment in Brazil.
- We are thrilled to announce the closing of the acquisition of SPS Capital, said Alessandro Horta, Vinci Partners CEO.
- SPS will enhance Vincis product offering, adding a new strategy in which we currently do not operate.
- The acquisition of SPS Capital strengthens Vincis FRE quality, stability, and visibility for future earnings results and enriches Distributable Earnings composition, due to the recurring and high-visibility nature of SPS revenue stream, coming from funds with long-term lockups and a typical private market fee structure.