Private-equity funds get control of Unidas for R$1,500

Valor Econômico International June 10 2013
For little less than R$1,500, private-equity funds of asset managers Gávea, Kinea and Vinci have taken control of rental-car company Unidas. With the deal, the firms now have a combined stake of 65.25% in the company. The asset-management firms had invested in Unidas two years ago, when they bought a 47% stake for R$300 million. Portugal’s SAG, which did not take part of the capital increase approved last week, had its stake diluted to 34.75% from 52.7%.
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