Carlyle buys majority stake in Brazilian retailer Tok&Stok
Private equity firm Carlyle Group (CG.O) said it bought a 60 percent stake in Brazilian furniture retailer Tok&Stok from the company's founders for an undisclosed sum.
Tok&Stok's founders, Ghislaine and Régis Dubrule, will retain a 40 percent stake in the company.
Carlyle said capital for the transaction would come from the $1 billion managed by its South America Buyout Fund and another local fund advised by the firm and Banco do Brasil.
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