Unigel Bondholders Said to Hire Boutique Advisory Firm in Brazil

A group of local bondholders of Brazil’s Unigel Participacoes has hired a boutique advisory firm for talks with the fertilizer maker, according to people familiar with the matter.

Asset managers that own about 80% of the total amount of Unigel’s outstanding local notes agreed to hire Valuation Consultoria Empresarial Ltda, said the people, who asked not to be identified because discussions are private. Houlihan Lokey Inc. was also hired by holders of dollar bonds, one of the people said.

Valuation has worked with Unigel in the past for the restructuring of its debt. The advisory firm declined to comment, ...