Financial Times June 07 2013
Blackstone Group and its Brazilian partner are set to sign a $1bn deal with homebuilder Gafisa for a controlling stake in its high-end residential subsidiary, according to people familiar with the matter. The US private equity group, which has a 40 per cent holding in Brazil’s Pátria Investimentos, will take a majority stake in Alphaville Urbanismo, developer of gated communities, as the New York-based group seeks to expand its global footprint. The people did not reveal the size of the stake in Alphaville.
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Blackstone in $1bn Brazil property venture
