UK PE Enters Brazil with Cable Buy

UK PE Enters Brazil with Cable Buy

Brazil Equity

Private equity firm 3i has spent BRL100m ($54m) to acquire a minority stake in cable TV and broadband company Blue Interactive Group, marking the private equity firm’s first foray into Brazil. Officials at Blue Interactive declined to discuss the actual stake to be acquired, the valuation of the transaction or the advisors, if any, involved in the deal. A 3i spokesman says that 3i’s stake “is significant but still a minority holding.” Blue Interactive registered revenues of more than BRL100m in

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