GP Investments Announces the Acquisition of Centauro (Latin America)
Source: GP Investments
Brazilian private equity firm GP Investments, along with multiple co-investors, will invest BRL450 million (approximately US$221 million) to acquire a 30 percent stake in SBF Group, the owner of Brazilian sporting goods retailer Centauro. GP Investments will contribute US$150 million through its GP Capital Partners V private equity fund, with the remainder of the capital coming from co-investors. SBF operates sporting goods stores in 23 Brazilian states, and plans to use the investment to drive growth and consolidate its governance and management practices.