July 19, 2011
US private equity firm Starwood Capital has acquired a 33.3% stake in MRV L
US private equity firm Starwood Capital has acquired a 33.3% stake in MRV Log for BRL250m ($159m). Meanwhile, existing shareholders will contribute BRL100m in equity for the subsidiary of Brazilian real estate company MRV. MRV says the funds will be used to increase construction capacity and expand its real estate portfolio. Credit Suisse advised MRV on the deal. Starwood did not use an advisor on the deal.