(Dow Jones) August 8, 2011 – The controlling shareholder of Brazilian travel agency CVC Brasil Operadora e Agencia de Viagens SA is planning an initial public offering on the Brazilian Stock Exchange, the BMFBovespa, the company said Monday.

CVC is controlled by private-equity firm Carlyle Group, which has a 63.6% stake in the company, and its founder Guilherme Paulus, who holds the remaining stake.

Itau BBA, Morgan Stanley, Bank Of America Merrill Lynch, BTG Pactual and J.P Morgan were hired to coordinate the operation, the company said in the preliminary prospectus.

The company, however, didn’t unveil the volume of shares or the timetable of the operation, which still must be approved by the Brazilian Securities and Exchange Commission.

The shares to be sold in the IPO, via a secondary offer, are held by Carlyle, said CVC.

The company will list its shares on the Novo Mercado mechanism, which has the most rigorous listing rules on the exchange. To qualify, a company must sell a minimum stake of 25%, and all of the company’s shares must be common rather than preferred stock.

 By Rogerio Jelmayer