Zell Co., Brazilian PE Firm Circling $1.3B Building Biz

Law360, New York (February 2, 2012, 2:31 PM EST) -- Brazilian homebuilding and real estate company Gafisa SA was considering an offer Thursday from the Sam Zell-run investment powerhouse Equity International and a leading Brazilian private equity firm to reportedly buy Gafisa, which is valued at $1.3 billion.

Equity International and GP Investments Ltd. — which is headquartered in the Bahamas but based in Sao Paulo — are former Gafisa investors who sold their remaining stakes in the company last year. Both companies are now interested in buying back at least some Gafisa assets, the real...
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