The deal helps BTG Pactual to become active in the regions Celfin already has a footprint, namely Chile, Peru and Columbia.
Following completion of the merger, BTG Pactual will have $69bn in its asset management unit and $28bn in its wealth management division and Celfin Capital will hold an equity interest in BTG Pactual.
BTG Pactual CEO Andre Esteves said that they want to be a reference for corporations, institutional investors and high net worth individuals with interest or business in Latin America.
"The flow of investment between the regions’ various countries’ is increasing strongly and capital markets are developing at a fast pace in Colombia and Peru," added Esteves.
The transaction is subject to regulatory approvals.
