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GP Investments to get $200m loan

SAO PAOLO, Brazil (Bloomberg) - GP Investments Ltd., the Brazilian private-equity firm that today announced the acquisition of a dairy producer, said it received a $200 million loan due in 10 years.

The loan will be denominated in reais and was offered by the Nassau branch of Banco Itau BBA SA, Bermuda-based GP Investments said in a regulatory filing yesterday. It said the money will be used to increase its private-equity investments.

The company announced yesterday that it agreed to buy dairy producer Leitbom for 308 million reais ($183 million).