The Carlyle Group said Thursday that it has acquired a major stake in a cruise ship and tour operating company in Brazil, a move that marks its first buyout investment in that country and further expands its overseas operations.
The District-based private equity giant paid $250 million for a 63.6 percent stake in CVC Brasil Operadora e Agência de Viagens, according to a source familiar with the transaction who was not authorized to speak about the finances of the deal. CVC’s chairman, Guilherme Paulus, will retain a significant minority equity stake in the company.
Founded in 1972, CVC is headquartered in Santo André, Brazil. It is the largest tour operator in Latin America with 900 employees selling travel packages to more than 2 million passengers a year.
Brazil Portal 
One thought on “Carlyle Group acquires Brazilian tour operator CVC”