Brasilinvest Group is a Brazilian private

development bank Development finance institution (DFI), also known as a Development bank, is a financial institution that provides risk capital for economic development projects on a non-commercial basis. DFIs are often established and owned by governments or ...

and investment

company A company, abbreviated as co., is a Legal personality, legal entity representing an association of legal people, whether Natural person, natural, Juridical person, juridical or a mixture of both, with a specific objective. Company members ...

that was established in 1975 by Mário Garnero. The company is headquarters in

São Paulo São Paulo (; ; Portuguese for 'Paul the Apostle, Saint Paul') is the capital of the São Paulo (state), state of São Paulo, as well as the List of cities in Brazil by population, most populous city in Brazil, the List of largest cities in the ...

and has investments in a number of major businesses in Brazil. , the Brasilinvest Group ranked number 128 on the annual report of Brazil's largest corporations, published by Brazilian financial magazine Gazeta Mercantil.

History

Brasilinvest was established in 1975 by Mário Garnero. The 1980s began with drastic changes in Brazilian politics, with the aim of controlling inflation and the balance of payments deficit. In 1983, NEC Brasil, the Brazilian subsidiary of

NEC Corporation is a Japanese multinational information technology and electronics corporation, headquartered at the NEC Supertower in Minato, Tokyo, Japan. It provides IT and network solutions, including cloud computing, artificial intelligence (AI), Inter ...

(Nippon Electric Company) could not operate in Brazil because of Brazilian government's rules to protect local industries. In order to comply with the government measures, Brasilinvest group, through a joint venture, took over the controlling interest in NEC Brasil. In 1985 the

Central Bank of Brazil The Central Bank of Brazil (, ) is Brazil's central bank, the bank is autonomous in exercising its functions, and its main objective is to achieve stability in the purchasing power of the national currency. It was established on Thursday, 31 Dece ...

liquidated Brasilinvest. The irregularities found led the then Minister of Finance, Francisco Dornelles, to seek the preventive detention of Mário Garnero. The Communications Minister Antônio Carlos Magalhães suspended the payment of a debt of equivalent US$30 million from a contract to supply equipment already delivered by NEC Brasil to Telebrás. The transfer of NEC Brasil's shareholding control from entrepreneur Mário Garnero to publisher Roberto Marinho was completed in October 1986. Over its history, the Brasilinvest Group consolidated dozens of economic projects from the transference and nationalization of ''ITT-Standard Electric SA'' and

NEC is a Japanese multinational information technology and electronics corporation, headquartered at the NEC Supertower in Minato, Tokyo, Japan. It provides IT and network solutions, including cloud computing, artificial intelligence (AI), Inte ...

, in the 1980s, to the assessment, in the 1990s, of the new partnership structure of ''Cofap'' and Bombril. It also assisted the stock-option restructuring of

Fiat Fiat Automobiles S.p.A., commonly known as simply Fiat ( , ; ), is an Italian automobile manufacturer. It became a part of Fiat Chrysler Automobiles in 2014 and, in 2021, became a subsidiary of Stellantis through its Italian division, Stellant ...

, the creation of

Volkswagen Volkswagen (VW; )English: , . is a German automotive industry, automobile manufacturer based in Wolfsburg, Lower Saxony, Germany. Established in 1937 by German Labour Front, The German Labour Front, it was revitalized into the global brand it ...

’s leasing unit, as well as

Varig VARIG (''Viação Aérea Rio-Grandense'', 'Rio Grandean Airways') was the first airline founded in Brazil, in 1927. From 1965 until 1990, it was Brazil's leading airline and virtually its only international one. In 2005, Varig went into judici ...

and Volkswagen's rent-a-car units. In the

agribusiness Agribusiness is the industry, enterprises, and the field of study of value chains in agriculture and in the bio-economy, in which case it is also called bio-business or bio-enterprise. The primary goal of agribusiness is to maximize profit ...

sector, it has assisted the process of industrial installation of Boehringer in Suape Port,

Pernambuco Pernambuco ( , , ) is a States of Brazil, state of Brazil located in the Northeast Region, Brazil, Northeast region of the country. With an estimated population of 9.5 million people as of 2024, it is the List of Brazilian states by population, ...

, and took part in enterprises such as ''Celupa'' (Paper and Cellulose Industrial Company Guaiba) and Mellita. Brasilinvest has been a pioneer in discussing themes such as globalization and its effects on the Brazilian market along with supporting important conferences and events aiming to promote investment opportunities in Brazil. Particular distinction included the

Salzburg Salzburg is the List of cities and towns in Austria, fourth-largest city in Austria. In 2020 its population was 156,852. The city lies on the Salzach, Salzach River, near the border with Germany and at the foot of the Austrian Alps, Alps moun ...

Conference in,

Austria Austria, formally the Republic of Austria, is a landlocked country in Central Europe, lying in the Eastern Alps. It is a federation of nine Federal states of Austria, states, of which the capital Vienna is the List of largest cities in Aust ...

(1975), and events in the

Principality of Monaco Monaco, officially the Principality of Monaco, is a sovereign city-state and microstate on the French Riviera a few kilometres west of the Italian region of Liguria, in Western Europe, on the Mediterranean Sea. It is a semi-enclave borde ...

(2000),

Paris Paris () is the Capital city, capital and List of communes in France with over 20,000 inhabitants, largest city of France. With an estimated population of 2,048,472 residents in January 2025 in an area of more than , Paris is the List of ci ...

(2003),

Rome Rome (Italian language, Italian and , ) is the capital city and most populated (municipality) of Italy. It is also the administrative centre of the Lazio Regions of Italy, region and of the Metropolitan City of Rome. A special named with 2, ...

(2004),

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

(2005), and in

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

(2007-2008). It has also led business initiatives in the Asian market, with the increase in commercial and capital exchange through the establishment of the first Brazilian representation office in

Beijing Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

, in 1981. Brasilinvest has a history in real estate projects, being responsible for the development of over 3.7 million square meters of improvements in the State of

, as well as important real estate projects in the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

and

Europe Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...

References

{{reflist Banks of Brazil Companies based in São Paulo Banks established in 1975 Financial services companies established in 1975

History

See also

References