IG4 Offers to Buy Raizen Debt in Quest for Majority Stake
AI Summary
IG4 Capital, a private equity firm known for acquiring control of Braskem SA, is now targeting a majority stake in Brazilian sugar and ethanol producer Raizen SA, which is experiencing financial distress.
Private equity firm IG4 Capital, fresh off a deal to take control of petrochemical giant Braskem SA, is now setting its sights on sugar and ethanol producer Raizen SA, another major Brazilian company in distress.