Industry Newsroom

Confrapar and GEF Acquire 49 Percent Stake in Unicoba Baterias

Brazilian technology-focused fund manager Confrapar and global alternative asset manager GEF Capital Partners have agreed to acquire a 49 percent stake in Unicoba Baterias, a Brazil-based electronic components manufacturer, for BRL100 million (approximately USD25 million) from J.P. Morgan subsidiary One Equity Partners and Unicoba’s controlling family. The company produces rechargeable batteries, GPS navigators, LED lighting, and welding equipment, and also offers network and energy storage solutions.