Vinci Partners Exits Cecrisa to Duratex
Posted On: 23 May 2019 | Source(s): Reuters | Author(s): Tatiana Bautzer
Brazil-focused alternative investment fund manager Vinci Partners has exited Brazil-based ceramic tile manufacturer Cecrisa to Duratex, a wood panel producer also based in Brazil. Duratex will acquire the company from Vinci and other shareholders for BRL539 million (approximately USD132 million). Cecrisa operates three plants with 1,700 employees. The transaction is subject to regulatory approval.