Blackstone pays $200M for stake in Brazilian rival

Blackstone Group will pay $200 million for a 40 percent stake in Brazilian private equity firm, Patria Investimentos. Blackstone will pay for the deal through a mixture of cash and stock and the acquisition is being made by Blackstone itself, not one of its private equity funds. Brazil’s economy is expected to expand this year, while the Brazilian economy already makes up 45 percent of Latin America’s GDP.

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