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Our History

BTG Pactual, in its 30-year history, has become the leading Investment Bank in Latin America.

Our history began in 1983, when Pactual was founded in Rio de Janeiro as a brokerage.

Since its inception, Pactual has been run as a partnership, via an association established between its founding partners. In the ensuing 13 years, the company has grown considerably, becoming a fully-fledged bank with several offices throughout Brazil.

In May 2006, UBS AG purchased Pactual, creating "UBS Pactual", the division of UBS in Latin American countries. André Esteves became CEO of all of UBS' Latin American operations.

In July 2008, André Esteves and a group of partners left UBS Pactual to create a new company based on the same culture they had previously implemented at Banco Pactual. They were joined by Persio Arida and some former managing directors of UBS, and in October 2008 they created BTG, a global investment company with offices in São Paulo, Rio de Janeiro, London, New York and Hong Kong.

On April 19 2009, BTG acquired UBS Pactual. The transaction was finalized in September 2009, resulting in the creation of BTG Pactual. With the acquisition, the partners who left the Bank in 2008 were reunited with the partners who decided to stay on at the institution throughout the period following the bank’s sale to UBS.

In December 2010, we issued US$1.8bn in capital to a consortium of renowned international investors and partners, representing 18.65% of BTG Pactual. The consortium provided us with a relevant group of investors, consolidating and expanding our global network.

In 2011, we purchased a 37.64% stake in Banco PanAmericano, comprising 51.00% of its voting shares and 21.97% of its non-voting shares.

In 2012, we acquired Celfin, the leading brokerage in Chile, which also operates in Peru and Colombia, and Bolsa y Renta, the largest brokerage (in equity volumes) in Colombia. Celfin has a broad range of products and services in the areas of Investment Banking, Products and Financial Services, Asset Management and Wealth Management.

We also held our IPO in 2012, raising R$3.65bn and making us one of the 20 largest listed companies on the BM&FBovespa. This operation gives us more liquidity and reinforces our solid, fast-growing business platform.

In 2013, Banco BTG Pactual, via its subsidiary BTG Pactual Timberland Investments Group LLC, acquired timberland management contracts from Regions Timberland Group ("RTG"), a division of Regions Bank. This acquisition, which expands the Bank’s timberland investment platform, makes BTG Pactual the largest independent timberland manager in Latin America and one of the largest worldwide, with committed and invested assets of around US$3bn and a portfolio of over 716,000 hectares, spread across the US, Latin America, Europe and South Africa.

Timeline

1983

Founded as brokerage house in Rio de Janeiro

1989

Opening of São Paulo office

Beginning of Internationalization

1994

Commencement of Wealth Management activities

2000

Creation of Pactual Asset Management

2006

UBS acquires Banco Pactual creating UBS Pactual

2008

Creation of BTG, an investment global company

2009

BTG acquires UBS Pactual, establishing BTG Pactual

2010

US$ 1.8bn capital increase from international investors from Asia, Midlle East, Europe and America`s.

2011

Acquisition of co-controlling stake in Banco PanAmericano

2012

BTG Pactual became a public company


Acquisition of Celfin Capital in Chile


Acquisition of Bolsa y Renta in Colombia

2013



Release of offices

Non-Brazilian Investor

Please, read the following comments about information published in the website.

This document is published exclusively for the purpose of providing information and conferring transparency to the management carried out by BTG Pactual, and it is not the Offering Memorandum of the Funds and is not to be considered as an offer for the sale of shares of the Funds or of any other security.

Some of the Funds are not listed on the Cayman Islands Stock Exchange and are accordingly prohibited from making an offering to the public in the Cayman Islands.

In some cases, no registration statement has been filed with the United States Securities and Exchange Commission or any State Securities Authority with respect to the offering of the Funds shares.

Not all the Funds presented here have their shares registered under the United States Securities Act of 1933, as amended.

This document is not destined to investors with residence in Brazil.

The Funds may not be offered, sold, redeemed or transferred in Brazil.

The offer and sale of the Funds shares in certain jurisdictions may be restricted by law.

Before subscribing for the shares, each prospective investor should (i) carefully read and retain the Offering Memorandum of the Funds and the relevant Supplement or Annex in respect of the portfolio and/or class of shares; (ii) consult with his/her/its own counsel and advisors as to all legal, tax, regulatory, financial and related matters concerning an investment in the Funds.

Past performance does not guarantee future results.

BTG Pactual takes no responsibility for the accidental publication of incorrect information, nor for investment decisions taken based on this material.

Access to this document or use of the services or information provided herein is prohibited by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law, rule or regulation.