Pursuits
Evercore, Rothschild Hiring for Brazil Debt-Restructuring Wave
- Half the nation's companies can't pay their debts on time
- Bankruptcy filings soared 29% to a monthly record in July
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Brazil’s political and economic crises are creating one bright spot for finance bankers and lawyers looking for work: Firms including Rothschild and G5 Evercore are hiring to help ailing companies restructure their debt.
Boutique advisory firm G5, in which Evercore Partners Inc. has a 47 percent stake, hired Ricardo Moura and Marcio Santiago Goncalves, former heads of mergers and acquisitions at Bank of America Corp. in Brazil and Patria Investimentos SA, respectively. G5, which has about 75 employees, is also adding two associates as well as analysts and other junior employees, two people with direct knowledge of the hires said. Rothschild is also hiring, a person said, without giving specifics.