Carlyle Group invests USD 603 million in Brazilian hospital chain Rede D’Or São Luiz
The Carlyle Group has invested RUB 1.75 billion (USD 603 million) in Rede D’Or and the group will own 8.3% stake in Rede D’Or. The family of the company’s founder, Dr. Jorge Moll will remain the controlling shareholder with 68.2% share while BTG Pactual will own the remaining 23.5% stake. Rede d’Or is strategizing to use the new capital for expansion, which includes the construction of new hospitals, expansion of existing facilities and financing of fresh acquisitions. The Carlyle Group’s investment happened after the Brazilian government’s decision earlier this year to allow foreign investors to own hospitals.