CVC Capital Partners, one of the world's largest private equity and investment advisory firms, today announced that it will open in early 2016 a new office in São Paulo, Brazil, to cover Latin America, enhancing its extensive global network to 24 offices. Jean-Marc Etlin, a leading banker in the region with more than 30 years of experience, will join the firm in January as Head of Latin America.

Etlin joins CVC Capital Partners from Itaú BBA, the largest corporate investment bank in Brazil, where as a member of the Management Committee since 2005, he was the Chief Executive Officer of Itaú BBA Investment Bank and was also responsible for the Product Division. Jean-Marc previously served as a Managing Director and Co-Head of Latin America Investment Banking at UBS.

Bertrand Meunier, Managing Partner at CVC Capital Partners said, "Having closely monitored the Latin American market and in particular Brazil, for several years, we believe now is the right time to build a strong, local and experienced team, further extending our global network. Latin America with its 650 million population and its vast natural resources provides interesting investment opportunities, as fast growing companies see the benefit of partnering with a provider of thoughtful capital. Jean-Marc's reputation and experience will be of great value to CVC Capital Partners and allow us to build out our presence in this exciting market."

Jean-Marc Etlin commented, "I have always been impressed by CVC Capital Partners, particularly its bottom-up investment approach, grounded in local market knowledge, and the quality of its professionals and global network. I am excited to join a firm with such an outstanding reputation and I look forward to working with the CVC Capital Partners team."

CVC Capital Partners plans to make investments in Latin America from CVC Capital Partners VI, which was raised in 2013 and has more than €10.9 billion in capital commitments.