Equipment Finance News Brookfield acquires and refinances Ouro Verde Published: 9th August 2019 Share Asset management firm Brookfield Business Partners has fully acquired Brazilian heavy equipment and fleet management company Ouro Verde. The acquisition included a refinancing package, in which Ouro received a 500 million Brazilian Real ($131 million) cash injection “to strengthen the company’s balance sheet and support its growth strategy and assumed certain liabilities,” according to Brookfield. The two companies have been associated since September 2018, when Brookfield purchased a 55% stake in Ouro, while the latest move sees the former business take full control of the latter. Brookfield announced that it will provide around $50 million of the equity using existing liquidity and that, after closing, the investment may be syndicated to other parties. Asset Finance Connect Asset Finance Connect brings you news and updates about UK and European auto, equipment and asset finance providers. Sign up to our newsletter Featured Stories NewsFoundation report reveals challenges in US construction industry NewsCHG-MERIDIAN establishes ISO-certified management systems throughout Europe NewsLondon electric taxi firm secures £1.6m to drive further growth Equipment Finance
