US-based Carlyle Group is to acquire an 8% stake in Rede D'Or São Luiz SA
The Carlyle Group, the US private equity firm in which Abu Dhabi’s Mubadala Development Company owns a 7.5 percent stake, agreed this week to pay about 1.75 billion reais ($600 million) for an 8 percent stake in Rede D'Or São Luiz SA, Brazil's largest hospital chain, a source with direct knowledge of the deal said.
Washington, DC-based Carlyle will acquire the stake through a capital increase, with founder and controlling shareholder Jorge Moll and partner Grupo BTG Pactual SA agreeing to being diluted to welcome their new partner, said the source, who requested anonymity since the deal remains private.
Carlyle Group was founded in 1987. Abu Dhabi wealth fund Mubadala bought a 7.5 percent stake the company in 2007.