Brazil is becoming the destination of choice for private equity firms seeking to grow in emerging markets. US-based private equity companies Kohlberg Kravis Roberts, TPG Capital and 3i Group have all announced plans to establish bases in Brazil, according to fDi Markets.

And UK companies BC Partners and Permira, along with US-based Apax, are said to be considering setting up offices in the country, according to fDi Markets' Investor Signals, which tracks early-warning signs that a company may be considering investment.