Carlyle Group Lands 85% Stake In Brazilian Toy Shops

Law360, New York (March 2, 2012, 11:56 AM EST) -- The Carlyle Group LP has purchased an 85 percent stake in Brazilian toy store chain Ri Happy Brinquedos for an undisclosed sum and will invest about $116 million in the company, the private equity firm said Friday.

Carlyle's Sao Paulo-based, $1 billion Carlyle South America Buyout Partners fund provided the equity for the deal. The terms were not disclosed.

"We are pleased to form this partnership with Ri Happy founders Ricardo Sayon and Roberto Saba and believe it will generate positive results for the company," said...
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