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AIG Global Investment Group Invests in Brazil's Companhia Providencia Industria e Comercio.

Publication: PR Newswire
Publication Date: 01-FEB-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
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...



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