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SoftBank to Reinvest in LatAm Portfolio Firms for M&A Funding

  • Head of SoftBank Brazil says valuations have been improving
  • Company will allocate more to reinvest in its portfolio firms

SoftBank Group Corp. plans to focus its investments in Latin America on startups already in its portfolio, a strategy aimed at helping to fund mergers and acquisitions amid a slump in valuations.

The idea is to dedicate about 50% of its capital investments to those companies in the next 12 to 18 months, up from 10% in recent years, Alex Szapiro, SoftBank’s head of Brazil, said in an interview in Sao Paulo.