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The Carlyle Group to Invest US$186 Million for Minority Stake in Madero

Global alternative asset manager the Carlyle Group has agreed to acquire a 23 percent stake in Madero, a Brazil-based restaurant chain operator with 140 locations, for BRL700 million (approximately US$186 million). The transaction reportedly comprises BRL100 million (US$27 million) to acquire existing shares in the company and BRL600 million (US$159 million) in new capital. Madero plans to use the majority of the proceeds to retire outstanding debt, including debentures issued to Brazil-based fund manager Hemisfério Sul Investimentos (HSI). Carlyle will invest through Carlyle Partners VII. The transaction is subject to regulatory approval.