RIO DE JANEIRO, BRAZIL - With investors developing a growing appetite for riskier investments, the Latin American region is expected to be the target of at least R$16.5 billion (US$3 billion) of inflows from "blank check" companies this year.
According to Bank of America's previous projection, this is the estimate of offerings by Spacs** (Special purpose acquisition company) dedicated to the region in 2021. In general, at the end of the process, the Spac will become a minority shareholder with about 20% of the invested company's equity, having written a check that usually exceeds US$200 . . .