Brookfield to acquire control of Brazil's Ouro Verde for $170 mln
The private equity group of Brookfield Asset Management has agreed to acquire a 55 percent controlling interest in Ouro Verde Locação e Seviços SA, a Brazilian heavy equipment and light vehicle fleet management company. Brookfield Business Partners, the group's listed affiliate, and co-investors agreed to pay about US$170 million for the stake. Brookfield will commit up to US$70 million of the equity. Established in 1973, Curitiba, Paraná-based Ouro Verde leases more than 25,000 heavy equipment and light vehicles and provides related maintenance, operations, and other services to Brazilian and global corporate clients. The deal is expected to wrap up this year.
4 September 2018•3 mins read
