Carlyle Plans Travel Agent Selldown

Carlyle Plans Travel Agent Selldown

Brazil Equity Funds

The Carlyle Group plans to float a portion of travel services provider CVC Brasil Operadora e Agencia de Viagens, according to a prospectus announcing an all-secondary share IPO. CVC, 63% controlled by the US private equity group, had been expected to be among this year’s Bovespa debutants, though the success of deals sitting in the Brazilian pipeline has been made less clear due to recent volatility. As it is just the initial filing, CVC does not yet indicate the size or timing of the deal

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