Company:

Daycoval Bank

Fund:

Cartesian Capital Group

Sector:

Financial

Date:

June 2009

Exit or corporate event:

Conversion of warrants + divestment (2010)

Banco Daycoval is a Brazilian financial institution founded in 1968 and headquartered in São Paulo. Specializing in credit for both companies and individuals, the bank excels in corporate credit, payroll loans, vehicle financing, foreign exchange, asset management, and investment services. It operates approximately 50 branches across 21 states, alongside an international unit in the Cayman Islands. Recognized for its financial solidity, conservative risk management, historically low default rates, and strong profitability, Banco Daycoval maintains a diversified loan portfolio focused on small and medium-sized enterprises (SMEs) and large companies. Additionally, the bank provides services in insurance, capital markets, and fiduciary management for corporate and retail clients. Banco Daycoval held a public listing on the B3 stock exchange from 2007 until 2016, when it was taken private.