Carlyle buys 51 pct stake in Brazil Scalina-report

* Carlyle seeking to tap demand from rising middle class

* Buys 51 percent stake in owner of pantyhose maker

* Deal worth 280 million reais ($159.7 mln)

BRASILIA, Aug 29 (BestGrowthStock) – Private equity fund Carlyle
Group concluded the purchase of a 51 percent stake in Brazil’s
Scalina, the owner of a pantyhose maker, Folha de S. Paulo
reported on Sunday.

The funds for the 280 million reais-deal ($159.7 mln) will
come from South America Buyout, a Carlyle fund, and a fund
Carlyle has in partnership with state-run Banco do Brasil
(BBAS3.SA: ), Folha said.

“The rise of the middle class, the increase in consumption
and investments in infrastructure, which will eliminate
bottlenecks in the sector, are some of the reasons for the
investment in Scalina,” Juan Carlos Felix, director of Carlyle
in Brazil told Folha.

“The strategy is to work to open stores aggressively,
strengthen client relations, to launch products and to work on
distribution channels to triple sales within five years.”

The aim is also to increase the company’s participation in
international markets, Folha reported.

The news of the new acquisition comes as Carlyle is seeking
greater presence in Latin America’s largest economy in a bid to
tap the country’s growing middle class.

In July, the group said it had agreed to buy Brazilian
health services provider Grupo Qualicorp, and in January it
announced it was buying 63.6 percent of Brazil’s CVC, the
biggest tour operator in Latin America.

($1=1.753 reais)

(Reporting by Ana Nicolaci da Costa; Editing by Diane
Craft)

Carlyle buys 51 pct stake in Brazil Scalina-report