Industry Newsroom

Carrefour to Acquire Advent-Backed Grupo BIG Brasil for ~USD1.3b

Grupo Carrefour Brasil has agreed to acquire Grupo BIG Brasil, a Brazil-based food retailer backed by Advent International, for BRL7b (~USD1.3b). Once the deal is completed, Advent and Walmart will retain a combined 5.6% stake in the company. Read more