(Exame) São Paulo – Two years ago private equity funds Gávea , Kinea and Vinci bought 47% stake in vehicle rental company Unidas for R$300 million. The funds now have a controlling stake in the company with an investment equal to R$1.5 billion. Read more
Gávea Invests R$ 1.5b in Vehicle Rental Company, Unidas (em português)
Tags: Brazil, Gavea, Kina, Private Equity, Retail, Unidas, Vinci
Gávea Investimentos closed new investment round in Colombo (em português)
Tags: Colombo, Consumer, Gavea Investimentos, Private Equity, Retail
(Valor Econômico) Gávea Investimentos, private equity fund manager founded by former Central Bank President Arminio Fraga, has closed a new investment round in Camisaria Colombo, the largest retailer of menswear in Brazil. Gávea also converted into shares its initial investment, made in 2011 in the form of debentures, and became a partner in the company. Terms of the deal were not disclosed, but the estimate is that the contributions adds up to at least R$ 150 million. Read more
Minimalist design and maximum quality: Basico receives investment to create clothes (em português)
Tags: Basico, Brazil, Consumer, Initial Capital, Retail, Venture Capital
(Startupi) The entrepreneur Alexandre Veiga, known as Bio Veiga, announced today that he raised a round of investment for his new fashion company, Basico. The investment comes from Initial Capital and Guilherme Soarez, former senior executive at C&A in Brazil, investing together a total of BR$ 1million. Read more
3i buys Brazil eyewear group Óticas Carol
Tags: 3i, Brazil, Oticas Carol, Retail
(Financial Times) 3i Group has made its second investment in Brazil, acquiring Óticas Carol, the country’s second-largest eyewear retail chain by sales.
The R$108m (£36.7m) deal is part of an expansion by the UK-based private equity group in Latin America’s largest economy that stands in contrast to its restructuring efforts in its traditional markets. Read more
Member Profile: An Interview with Fernando Borges, The Carlyle Group
Tags: Brazil, Member Firm, Profiles, Retail
LAVCA spoke with Fernando Borges, Managing Director at The Carlyle Group, about his firm’s focus on Brazilian consumer sector growth and Carlyle’s successful partnership with Banco do Brasil. Read more
The Carlyle Group acquires 85% of Ri Happy, Brazil’s largest toy retailer
(Carlyle) March 2, 2012 – Global alternative asset manager The Carlyle Group today announced it has acquired an 85% ownership stake in Ri Happy, Brazil’s largest retail toy chain with 114 stores in 18 Brazilian states and around 2,300 employees. Terms of the transaction were not disclosed. Read more
