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Carlyle buys majority stake in Brazilian retailer Tok&Stok
September 13, 2012 / 12:16 PM / 5 years ago

Carlyle buys majority stake in Brazilian retailer Tok&Stok

Sept 13 (Reuters) - Private equity firm Carlyle Group said it bought a 60 percent stake in Brazilian furniture retailer Tok&Stok from the company’s founders for an undisclosed sum.

Tok&Stok’s founders, Ghislaine and Régis Dubrule, will retain a 40 percent stake in the company.

Carlyle said capital for the transaction would come from the $1 billion managed by its South America Buyout Fund and another local fund advised by the firm and Banco do Brasil.

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