Tenda

Previous Investment

Tenda was a publicly traded Brazilian homebuilder headquartered in São Paulo, focused on the affordable and entry-level segment in Brazil. In March 2009, EI acquired a block of shares from the founding shareholders. In February 2010, Gafisa, the Brazilian homebuilder, completed the acquisition of 100% of Tenda’s shares to expand its activities in the affordable housing sector. As a result, ZEI Fund IV’s interest in Tenda was converted into Gafisa common shares. EI monetized its investment in Gafisa through a series of public transactions.

Investment Vehicle

ZEI Fund IV

Region

Brazil

Sector

Residential

Milestones

Founded 1994
EI Initial Investment 2009
EI Exit 2010

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