BR Partners was founded in 2009 by Ricardo Lacerda and other successful executives in the Investment Banking sector, with the objective of building an independent franchise, free of interest conflicts, and fully dedicated to its clients. Since then, BR Partners has established itself as one of Brazil’s leading independent investment banks, ranking among the top in a wide range of specialized financial advisory services, including mergers and acquisitions, debt issuances, restructurings, treasury services, wealth management, and proprietary investments.

Our daily goal is to generate long-term value for our clients and to promote capital investments and ideas to enhance the growth of our country. We are aware that private investments will be the main driver of Brazil’s development process, which further motivates our efforts.

At the beginning of our journey, approximately R$100 million was raised from seed investors with the goal of expanding the scope of our operations—an effort that inevitably led to higher governance standards.

It is also important to note that BR Partners operates as a partnership guided by the principle of meritocracy and the alignment of partner’s interests in favor of long-term business sustainability.

The Company’s IPO took place in June 2021, when R$400 million was raised— the funding was essential for the development of the Capital Markets division. Through the strategic capital use, we were able to access new debt issuance products, such as debentures and CRA (Certificates of Agribusiness Receivables), as well as strengthen our balance sheet and support the structuring of derivatives for clients through the Treasury Sales & Structuring division.

In October 2023, the Company conducted a secondary share offering (follow-on) in order to expand its free float, through the partial divestment by the seed investors. As a result, the free float increased from 24% to 45%, providing greater flexibility for investor repositioning.

At the same time, the partnership acquired from the seed investors the equivalent of 8% of total capital, promoting direct alignment between executive partners and minority shareholders. Consequently, the partner’s shares increased from 47% to 55%.

Also in 2023, the Company announced the wealth management business entry, reinforcing the Company’s core mission—creating value for its clients—while also exploring new avenues for growth and diversification of its service portfolio. Wealth Management is a specialized division focused on managing the wealth of high-net-worth families, composed of a senior team with vast market experience. The main objective is to preserve or maximize clients’ wealth generation, offering tailored advisory and risk management aligned with each client’s profile.

The Company believes that Wealth Management Is highly synergistic with Investment Banking activities. With this new area, the Company aims to manage clients wealth following liquidity events. In addition, the area has a dedicated team focused on acquiring new clients to drive organic growth in a market that reached more than R$460 billion in June 2023, according to data published by ANBIMA. Finally, Wealth Management will also be an important pillar for generating new business opportunities across the Company, promoting cross-selling within the institution.

In the Investment Banking, BR Partners has advised R$475 billion in transactions since its founding in 2009, and has led the top rankings (Bloomberg, Dealogic, and Thomson Reuters) in 2019 and 2020. In 2021, the Company maintained its leadership position, securing 2^nd place in the Bloomberg ranking. In 2022, it ranked 4^th, and in 2023, once again 2^nd. In 2024, it ranked 5^th in the Dealogic ranking.

We have participated over R$38 billion in Capital Markets debt issuances, which led to our recognition as the “Best Capital Markets Bank of 2024” by the Euromoney Securities House Awards. Additionally, we ranked 3^rd and 4^th in FII and CRI issuances, respectively, according to ANBIMA. In 2019 and 2020, we led the FII and CRI issuance rankings. In 2022, the Company received the “Best Investment Bank in M&A” award at the 3^rd Edition of the Finance & Law Summit and Awards, granted by Leaders League.

In 2024, BR Partners Investment Bank received a double rating upgrade and is now rated ‘brAA’ by S&P Global and ‘AA (bra)’ by Fitch, both with a stable outlook. This reflects the strong commitment of the Bank’s management to prudent capital management.