|
|
Article: AIG Global Investment Group Invests in Brazil's Companhia Providencia Industria e Comercio.
- Article from:
- PR Newswire
- Article date:
- February 1, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
SAO PAULO, Brazil, Feb. 1 /PRNewswire/ -- AIG Global Investment Group today announced that an investor consortium led by AIG Capital Partners, Inc., a member company, has acquired the private company Companhia Providencia Industria e Comercio ("Providencia") for a total purchase price of US$432.6 million (R$930.0 million) after receiving all necessary regulatory approvals. Part of the transaction, which consisted of the acquisition of 100% of Providencia's shares from existing shareholders, was funded from the AIG Global Emerging Markets Fund II, L.P. (GEM II). AIG Capital Partners led the execution of this leveraged buy-out acquisition as a member of a consortium ...