BTG Pactual Asset Management US, LLC agreed to acquire Magnetis Consultoria De Investimentos LTDA. on August 23, 2023. The transaction is subject to the necessary regulatory approvals, including the Central Bank of Brazil. Alice Dourado and team of Madrona Advogados acted as legal advisor to BTG Pactual. Guilherme Peloia and Fernanda Yumi Nakai of Freitas e Leite Advogados acted as legal advisor to Magnetis Consultoria in this transaction.

BTG Pactual Asset Management US, LLC completed the acquisition of Magnetis Consultoria De Investimentos LTDA. in October 2023.