NEW YORK, Oct. 25, 2016 /PRNewswire/ -- Based in
Brazil, Prudent Group are a highly
renowned investment firm who provide working capital to SMEs across
the country. It is a company that has a broad range of experience
and expertise. The team has gradually come together over an
extensive time period; in some cases the team members have worked
together for more than two decades.
Wealth & Finance International of AI Magazine (Acquisition
International), interviewed Prudent Group CEO, Giovanni Cataldi, in Brazil, who spoke about opportunities in the
Brazilian market and the "Best in Funds 2016"
award.
Giovanni Cataldi – Our
background.
We initially set up in 2010, and today have offices in both
Porto Alegre and Sao Paulo. The firm's Brazilian headquarters
are in Sao Paulo, and we conduct
most of our collateralized lending activities in the southern part
of Brazil, which is the economic
powerhouse of the country. In fact, something like 80% of
Brazil's GDP is generated in the
regions where we are located.
Throughout the years, Prudent has financed a high volume of
short-term secured commercial transactions with the typical
receivable maturing in 60 days. We participate in the supply chain
financing of businesses through receivable transactions with
recourse (recourse means we have personal guarantees by the owners
of the company). We firmly believe that our non-banking financial
industry, is playing a vital role in the recovery of the Brazilian
economy, whereas the banking sector continues to shrink their loan
books.
Giovanni Cataldi –
Opportunities in Brazil.
A continuing trend in our economy is that the demand for working
capital is increasing as suppliers who have survived the great
recession look to fill a growing order book. However, the banking
sector is reluctant to increase their credit exposure to small
and medium sized companies, and therefore this has provided the big
opportunity for Prudent to grow and generate superior returns.
As such, the volume of commercial transactions that we can
finance is growing. At Prudent, we provide a variety of entry
points for global capital to participate. For equity investors, we
have the Prudent Investment Fund domiciled in Luxembourg. For alternative fixed income and
private equity investors, we have the Prudent Enhanced Yield Note
Program also domiciled in Luxembourg. By providing an alternative to the
traditional banking sectors support of working capital, Prudent
provides a chance for the clients we work with to add more
employees, increase velocity of capital, and simply take in and
fill more orders.
Giovanni Cataldi – The
Brazilian team.
As CEO, I split my time between our office in Porto Alegre and our main office in
Sao Paulo. I am also a director of
the fund vehicles domiciled in Luxembourg. The challenge that I face every
day, is to run the business in a way that meets global standards,
while at the same time is consistent with how Brazilian employees
are used to working effectively. Our local staff in Brazil is almost exclusively Brazilian, except
for our chief investment officer. Furthermore, there are capital
controls and a myriad of administrative rules which complicate some
aspects of our business.
At the same time, I am very excited about our opportunities and
our operation's growth potential. With Brazilian banks pulling back
and cutting credit lines, the field is open for us to expand the
volume of commercial financing that we are doing. Furthermore, we
have recently initiated an insured business, where the receivables
that we work with are insured by one of Europe's leading insurance companies. This is
a validation of our operation and provides additional protection
for our investors.
Looking to the future, we are confident that we will continue to
expand our current client portfolio. We offer many different
products to different type of investors.
"On a final note, I would just like to say that we sincerely
appreciate this award by Wealth & Finance International," said
Giovanni Cataldi to express his
thanks.
More information on the Prudent Group:
www.prudentgroup.us / www.prudentbrazil.com
Contact: +55 51 92746580
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SOURCE AltaGroup Agency and Prudent Group