Private Equity

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TMG Capital

TMG Capital is a São Paulo-based private-equity firm executing mid-market control buyouts and growth deals across Brazilian enterprise and healthcare.

TMG Capital logo

TMG Capital

TMG Capital is a Brazilian company founded in 1997 by Luiz Francisco Novelli Viana. It advises private equity funds on investments in Brazil.

General information

Firm type

Private Equity

Year founded

1997

Location

Region

Latin America

Country

Brazil

City

Sao Paulo

Corporate office

Sao Paulo, Brazil

Sector focus

Enterprise SoftwareFinancial ServicesHealthcare ServicesConsumerIndustrial Tech

Frequently asked questions

How does TMG Capital source deals compared to larger Brazil-focused private-equity funds?

TMG Capital emphasizes direct origination through founder relationships, corporate carve-outs, and regional intermediary networks rather than competing in broad auction processes dominated by global mega-funds. The firm also acts as a local co-investment anchor for international GPs entering Brazilian mid-market transactions. This sourcing model is designed to surface deals in fragmented industries where scale players lack the operational bandwidth to diligence owner-run businesses.

What operational capabilities does TMG Capital bring to post-acquisition portfolio management?

TMG Capital maintains an embedded operating-partner bench of C-level executives who join portfolio companies post-close to lead finance, strategy, and commercial functions. This model departs from the remote quarterly-board approach common among larger Brazilian asset managers. The firm's thesis holds that mid-market value creation in Brazil requires hands-on execution — particularly around financial controls, sales-force restructuring, and add-on M&A — rather than passive governance alone.

How is TMG Capital addressing succession-driven deal flow in Brazil?

TMG has positioned for an expected wave of succession transactions as Brazil's first-generation entrepreneurial class ages and founders seek liquidity or professional management transitions. This thematic focus concentrates on mid-market services, industrial, and healthcare businesses where family ownership has historically limited institutional capital participation. By building operational-fix credibility rather than pure financial-engineering capacity, TMG aims to win founder-trust in processes where cultural fit matters as much as price.

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