From the Wall Street Journal:
Carlyle Group LP Buys 51% Stake In Brazil's Scalina- Report
U.S.-based private-equity firm Carlyle Group L.P. acquired the control of Brazilian company Scalina for 280 million Brazilian reals ($160 million), local newspaper Folha de S. Paulo reported in its Sunday edition.
The newspaper, which quoted an unnamed person close to the operation, said Carlyle acquired a 51% stake in the Brazilian company. Scalina, which produces the local famous panty hose called Trifil, posted a revenue of BRL400 million last year.
The deal came amid Carlyle's growing interest in Brazil.
In July, Carlyle announced the creation of a fund with Brazil's largest bank, the state-run Banco do Brasil SA (BBAS3.BR, BDORY), in order to invest in Brazilian companies. The fund, with up to BRL400 million, will invest in local companies with plans to expand international operations.
Earlier this year, Carlyle Group acquired a controlling stake in Brazilian health-care company Grupo Qualicorp for an undisclosed amount. In January, it acquired control of the largest local travel agency, CVC.
