Carlyle Gains Controlling Stake In Brazil Furniture Co.

Law360, New York (September 13, 2012, 12:31 PM EDT) -- The Carlyle Group snapped up a controlling stake in Brazil's top specialty furniture retailer, the pair said Thursday, the latest in a recent flurry of acquisitions for the Washington-based private equity firm.

Under the deal's terms, Carlyle bought a 60 percent interest in family-owned Tok&Stok, which leads the Brazilian specialty furniture market in sales. Founders Ghislaine and Regis Dubrule will hang onto a 40 percent stake in the 34-year-old company, with Ghislaine Dubrule continuing as its CEO, according to the firm.

The two did not disclose...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.