UPDATE – GIC Mulls $980 Million Investment in Brazilian Hospital Company

UPDATE – May 27, 2015
GIC Private Limited has acquired a stake in Rede D’Or São Luiz SA from BTG Pactual for 1.6 billion BRL (US$ 509.5 million). GIC has also agreed to purchase an equal number of shares from Jorge Moll and his family. This theoretically brings the deal to 3.2 billion BRL, giving GIC a 15.2% shareholding of the company.

Singapore’s GIC Private Limited is in discussions to acquire a stake in Brazilian hospital care provider Rede D’Or São Luiz SA for nearly US$ 980 million. The wealth fund could acquire up to a 14% position in the company from the Moll family and Grupo BTG Pactual SA (diluting their positions further). In April, The Carlyle Group paid around 1.75 billion BRL (US$ 600 million) for an 8.3% in Rede D’Or Sao Luiz. The Carlyle deal valued Rede D’Or São Luiz SA at approximately 19 billion BRL. Carlyle used capital from Carlyle Partners VI, Carlyle South America Buyout Find and a Brazilian investment entity that raised capital with Banco do Brasil SA. Rede D’Or Sao Luiz was advised by BTG Pactual on the Carlyle deal and law firms Kirkland Ellis LLP and Barbosa, Mussnich & Aragão.

Rede D’Or São Luiz SA Ownership

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