Industry Newsroom

Advent to Exit Brazilian Home Improvement Retailer Quero-Quero via IPO for up to USD359m

Advent International has agreed to sell its 88% stake in Brazil-based home improvement retailer Lojas Quero-Quero via the company’s IPO for up to BRL1.9b (approximately USD359m). Advent originally invested BRL300m (approximately USD57m) in the company in 2008. Read more