Industry News
Gavea, Vinci and Kinea Buy 47% of Unidas
3 June 2011
(Valor Economico) June 3, 2011 – Three fund managers, Gavea, Vinci and Kinea, completed the purchase of a 47.2% share of Brazilian company Unidas, which specializes in fleet management and the leasing of vehicles.
The total investment will be R$300M (approx. US$189M), with each fund contributing R$100M (approx. US$63M). Portuguese group, SAG, will maintain its majority stake in the company.
Unidas has had financial difficulties since the 2008 economic crisis.
Click here to read the entire article in Portuguese at Valoronline.com.
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