PE Invests In Cosan Unit

PE Invests In Cosan Unit


Private equity shops TPG Capital, from the US, and Brazil-based Gavea Investimentos are investing BRL400m to acquire a 25% stake of Cosan unit Novo Rumo. Each will take 12.5%. If a liquidity event does not occur at Rumo in the next 3 years, the new investors will have the right, for a 12-month period, to exchange their stake at Novo Rumo for 13.3m Cosan shares at BRL30 per unit. After such a period, exchange rights will cease to exist. "Although the entrance of new investors at Rumo was somehow

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