Awwal 14, 1432 H/Feb 17, 2011, SPA -- U.S. private equity firm Silver Lake says it plans to invest $1 billion in Brazil in the next five years, buying and investing in local technology companies, according to AP. Co-founder David Roux tells Brazil's Valor Economico business newspaper that Brazil has become the «highest priority» for Silver Lake. Roux said in an interview published Thursday that the firm is looking for companies leading their segments and already focused on growth. He said the firm will open offices in Sao Paulo and will likely hire a local team. The announcement comes a few months after Silver Lake bought the Brazilian web hosting company Locaweb. Silver Lake has offices in Menlo Park and San Francisco, California, as well as in London, Hong Kong and Tokyo. -- SPA
