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Cerberus Eyes Brazil Deals as Slumping Economy Creates Bargains

Cerberus Capital Management LP, the investment firm with about $25 billion under management, is eying a first acquisition in Brazil at a time the slumping domestic economy creates buying opportunities.

New York-based Cerberus is signing an agreement with Brazilian distress advisers RK Partners to find assets to invest in Latin America’s largest economy, Cerberus spokesman Chip Smith said in a statement to Bloomberg. The firm is interested in possible investments across all industries, it said.