Industry News
GP Investments pays $225M for 30 pct stake in Brazil’s SBF
9 November 2012
(Reuters) November 9, 2012 – GP Investments Ltd, the largest listed Latin American private equity firm, paid 450 million reais ($225 million) for a 30 percent stake in Brazil’s Grupo SBF, a holding company that controls all of Lojas Centauro, the country’s biggest sports retailer. In a securities filing late on Thursday, GP said that it will commit $150 million from its GP Capital Partners V LP fund, with the remainder of the funds coming from other, unnamed partners.
Fersen Lamas Lambranho, co-chief executive officer for the Hamilton, Bermuda-based private equity firm, said that the SBF stake purchase is a step towards investing in retailing ahead of Brazil hosting the World Cup in 2014 and the 2016 Olympics. The transaction is subject to board and regulatory approvals.
You may be interested in...
-
Call for Nominations: Top & Emerging Women Investors in LatAm 2025
-
BTG Pactual-backed V.tal Launches Tecto Data Centers in Brazil; TC Latin America Partners Launches USD450m Joint Venture for Mexico Nearshoring
-
Thanks For Joining Us in NYC; Late Stage Uptick?
-
LAVCA Week 2024 Recap; Warburg Pincus Invests USD125m in Brazil’s Contabilizei