However, WorldVest will continue implementing the focused growth of WV Financial, while simultaneously building its platform development companies, WorldVest Korea Group and Hurricane Global Resources, through its equity development & asset management subsidiary, WorldVest Partners.
WV Financial will seek to achieve significant growth within the Brazilian banking & finance sector with the pending launch of WorldVest Brasil Finance FIDC, a securitized credit receivables fund aimed at deploying capital into the Brazilian consumer finance and credit card markets.
WV Financial will also work toward finalizing the acquisition of a Brazilian multiple license commercial and investment bank, currently under Letter of Intent.
Additionally, WV Financial anticipates accelerated growth in its Chinese deal flow through its wholly owned Chinese financial advisory subsidiary, FutureVest Management (Shenyang) operating as China WorldVest Advisors, and the continued expansion of its US corporate finance & advisory business. Further, WV Financial looks to pursue additional banking & finance related M&A opportunities in the US and Brazil.
Garrett Krause, chairman and CEO of WorldVest, said: “WorldVest Financial represents the beginning of truly integrated international banking & finance company poised for independent growth alongside WorldVest’s global equity development & asset management operations. With this complementary infrastructure, WorldVest is further positioned to realize its long-term growth potential as an emerging global merchant bank within an ever-convergent global marketplace.”
