Abu Dhabi’s Mubadala Development fund bought a $2 billion stake in EBX, controlled by Brazilian billionaire Eike Batista. The fund will buy 5.63 percent of Centennial Asset Brazil Equity Fund LLC and other companies owned by the Brazilian billionaire.
Isolux Infrastrucuture, a subsidiary of Spanish group Isolux Corsan, called off an initial public offering in Brazil. Isolux intended to raise as much as R$1.5 billion ($830 million) in the IPO on BM&FBovespa.
JBS, the Brazilian meatpacker, raised its stake in Pilgrim’s Pride to 75.3 percent from 68 percent, after acquiring $107 million of shares.
Tarpon sold its 11.8 percent stake in Arezzo, a shoe retailer. Tarpon was a stockholder in Arezzo for over four years. Arezzo’s market cap is R$2.6 billion ($1.4 billion).
Insurance broker ZPS, headquartered in São Paulo, was acquired by Brasil Insurance Participações e Administração for R$16.1 million ($8.6 million). The acquisition will be paid 50 percent in cash and the remainder in Brasil Insurance stock.
Tarpon Investimentos announced it acquired a 60 percent stake in Grupo Morena Rosa for R$240 million ($135 million). The clothing retailer Morena Rosa has 1,700 employees.
Fibria, a Brazilian paper and pulp producer, approved a stock sale that may reach R$1.25 billion ($700mn). Also, Fibria intends to sell its forests in the state of Bahia for R$235 million ($130 million) to the Brazil Forest Fund (Fundo Florestas do Brasil). The stock will be sold in Brazil and abroad via ADRs.
Carlyle, the private equity fund, intends to invest R$200 million in Ri Happy Brinquedos in the next three years. The fund acquired 85 percent of the toy retailer with 114 stores across Brazil. Carlyle already has stakes in the Brazilian companies CVC and Scalina. Carlyle South America Buyout Partners will fund the acquisition.
Tempo Participações announced that BC Gestão de Recursos raised its stake in the company to 5.2 percent. BC Gestão de Recursos said it does not intend to become the majority stockholder of Tempo Participações.
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