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Spice Teams with Carlyle for Rede D’Or Brazilian Hospital Deal

22 October 2015

(Press Release) Spice Private Equity has co-invested with The Carlyle Group to acquire a minority stake in Rede D’Or São Luiz, the largest private hospital operator in Brazil. Spice Private Equity’s total commitment in this investment was US$12.2m.

Rede D’Or has more than 4,600 beds in 28 owned and 2 managed hospitals, in addition to 30 oncology clinics, with a presence in various regions throughout Brazil. The company is uniquely positioned to expand and strengthen its platform as a leading company in the Brazilian healthcare market. This investment represents a defensive play in a domestic sector with strong growth potential and stable fundamentals.

The co-investment opportunity is lead by The Carlyle Group. The opportunity was proprietarily originated through the network of Spice Private Equity and its exclusive manager GP Advisors, which has a long standing relationship with The Carlyle Group.

This transaction represents a further step in the implementation of Spice Private Equity’s overall emerging markets strategy with focus on Asia Pacific, Sub-Saharan Africa and Latin America and is the
initial co-investment in Latin America since the strategic re-positioning of the Company.