PROJECT

Projects

Summary of Investment Information

Project Number

37235

Company Name

RENOVA COMPANHIA SECURITIZADORA DE CREDITOS FINANCEIROS SA

Date SPI Disclosed

Aug 21, 2015

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Sep 24, 2015

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

May 4, 2024

Department

Regional Industry - FIG LAC

Industry

Financial Markets

Previous Events

Approved : Sep 24, 2015
Signed : Nov 13, 2015
Invested : Dec 22, 2017

Sector

Distressed Assets SPV

Project Description

The Project (“DARP SFPRenovaII”) consists of increasing IFC’s investment in the existing platform that IFC has for acquiring and servicing pools of non-performing loans (“NPL”) in Brazil (the “DARP Platform”). Recovery do Brasil, S.A. (the “Company” or “Recovery”), market leader in asset resolution in Brazil, will continue to service the NPL portfolios acquired by this DARP Platform in Brazil, with Banco BTG Pactual S.A. (“BTG”) as a co-investor.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation