What is IG4 Capital's strategy to gain majority control of Raizen SA?

IG4 Capital is offering to acquire Raizen's debt as part of a proposed restructuring plan that will convert 45% of Raizen's debt into approximately 80% of its equity; by purchasing enough debt, IG4 aims to secure a stake of just over 50% after the debt-to-equity swap is completed.

How does IG4 plan to compensate creditors who accept its offer?

IG4 has sent letters to creditors proposing they choose among three options: receiving shares in a newly created investment fund designed to hold Raizen equity, a cash payment determined on a case-by-case basis, or derivatives that would generate gains when IG4 eventually sells its stake in Raizen.

IG4 Offers to Buy Raizen Debt in Quest for Majority Stake

Jun 15, 2026

Private equity firm IG4 Capital aims to acquire Raizen SA debt to secure a majority stake via a debt-to-equity swap, targeting the distressed Brazilian sugar and ethanol producer currently undergoing a historic $12.8 billion restructuring.

bloomberg

2026-06-15

IG4 Offers to Buy Raizen Debt in Quest for Majority Stake

2026-06-23

IG4 Capital Proposes Cash Deal to Acquire Raizen Debt for Control

IG4 Offers to Buy Raizen Debt in Quest for Majority Stake

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