Equity International Invests R$400 million in Estapar

–Proceeds to be used for growth in Brazil’s parking infrastructure
and urban-mobility segment–

CHICAGO & SÃO PAULO–(BUSINESS WIRE)–Equity International (“EI”), the investment firm founded by Sam Zell
that focuses on emerging markets, has agreed to invest R$400 million in
Estapar Estacionamentos, the largest parking infrastructure and services
operator in Brazil. The transaction is expected to close by the fourth
quarter of this year.


“Estapar continues to pursue its objective of transitioning from a
parking services company into a full-solution parking and urban-mobility
infrastructure company,” said Estapar’s Chief Executive Officer Andre
Lasi. “EI’s investment will enable us to continue to broaden our
portfolio to include parking infrastructure in airports, arenas,
concessions and private long-term contracts. We offer attractive
solutions for traditional infrastructure players, municipalities and
owners of captive parking facilities.”

EI, which will take a seat on Estapar’s board of directors when the
transaction closes, adds to the company’s strong institutional
ownership, joining BTG Pactual, Bozano Investimentos and Templeton
Emerging Markets. This is the third institutional capital raise for
Estapar.

“Urban mobility and related infrastructure are important to Brazil’s
economy,” commented Tom Heneghan, Chief Executive Officer of EI.
“Estapar’s existing size, scalable platform, seasoned management team,
sophisticated technology and attractive pipeline make Estapar a unique
investment opportunity.”

Since BTG Pactual’s investment in Estapar in 2009, the company has grown
parking units and spaces under management from 195 and 110,000, to 1,000
and over 360,000, respectively. Estapar estimates full-year 2016
consolidated revenues of over R$1 billion, representing a CAGR above 30%
since 2009. The company has a mature pipeline greater than R$1.5 billion
in investments through 2018.

“EI’s investment endorses the investment thesis of Estapar and
strengthens the company’s position as the primary strategic platform in
a highly attractive segment of the Brazilian economy,” said Marcelo
Hallack, Board Member of Estapar and Managing Partner of BTG Pactual
Private Equity. “There is embedded demand in this sector, which we
believe will provide continued growth opportunities for the foreseeable
future.”

Edwyn Neves, also Board Member of Estapar and a partner of BTG Pactual
in its Private Equity group added, “EI brings global expertise and a
long-term view to the shareholder base, both important attributes that
we strongly value in Estapar’s continuing evolution.”

Brian Finerty, EI’s Chief Investment Officer and future Board Member of
Estapar concluded by saying, “This investment is a great example of the
type of transaction we look for – a savvy ownership and management group
that values EI’s sponsorship and ability to help develop
institutional-quality companies.”

About Estapar

Founded in 1981, Estapar is a leader in Latin America’s parking and
urban mobility segment, managing over 1,000 parking lots in 75
municipalities and 17 states. The operation has over 360,000 parking
spaces under management, serving 15 million vehicles on a monthly basis.
In the off-street segment (paid parking on public roads), Estapar is the
concessionaire in 19 cities, managing 30,000 parking spots.
Headquartered in São Paulo, Estapar employs over 8,500 employees. Web: www.estapar.com.br

About BTG Pactual

BTG Pactual (BOVESPA: BBTG11) is an innovative global financial company
that operates in the markets of Investment Banking, Corporate Lending,
Sales & Trading, Wealth Management and Asset Management. Since its
inception, in 1983, BTG Pactual has been run as a partnership and
currently has 198 partners, 4,859 employees and net equity of R$23.2
billion. BTG Pactual has offices in 20 countries and is headquartered in
São Paulo, Brazil. Web: www.btgpactual.com

About Equity International

Equity International (EI), founded by Sam Zell in 1999, invests in real
estate and infrastructure platforms in the emerging markets. EI’s
investment and value go beyond its capital by providing its portfolio
companies with: institutional credibility, exceptional corporate
governance, best practices, a unique operating perspective, and access
to a powerful global network. EI employs an active ownership approach,
partnering with portfolio company leadership to achieve strategic growth
and industry leadership. As a result, EI is recognized as a partner of
choice around the world. Web: http://www.equityinternational.com

Contacts

Estapar
Paulo de Araujo
+55 11 3514-0701
paulo.araujo@hdpr.com.br
or
BTG
Pactual
Leandro Modé
+55 11 3165-9573
btgpactual@fsb.com.br
or
Equity
International
Terry Holt
+1 (312) 466-3979
tholt@egii.com