The Carlyle Group announced a deal to purchase a 60 percent stake in Brazil’s largest furniture retailer by sales (~$495 million in 2011), Tok&Stok, for a reported $347 million on Thursday. The agreement marks growing confidence in the 200 million consumer market as government tax cuts have seen recent marked growth in consumer spending. Only two weeks ago, the firm struck a deal to purchase a 25 percent stake in the Brazilian equipment rental company Grupo Orguel. Both announcements add to Carlyle’s Brazilian portfolio, which includes CVC (a tourism company), Qualicorp (a health plan broker), Scalina (a lingerie manufacturer) and Ri Happy (Brazil’s largest chain of toy stores).
--
Editorial Staff
No comments:
Post a Comment