Carlyle adds senior advisor in Brazil

The firm has added former CEO of Petrobras fuel distribution subsidiary Petrobras Distribuidora Luiz Viana as a senior advisor to Carlyle’s South America buyout team.

The Carlyle Group has appointed Luiz Viana, the former chief executive officer of Petrobras fuel distribution subsidiary Petrobras Distribuidora, as a senior advisor in Sao Paulo, it said in a statement.

Viana will advise Carlyle’s South America buyout team on range of operational, financing and investment activities and will counsel Carlyle’s investment professionals on new business initiatives and investment strategy. In addition to his post at Petrobras, Viana previously acted as CEO of Brazilian retailer Grupo Pao de Acucar, multi-service cable company Net Servicos and Brazilian supermarket chain Makro Atacdista. He is expected to serve on the board of directors of Carlyle’s South American portfolio companies.

“South America in general and Brazil in particular hold great promise and the insights [Viana] brings will help us capitalise on investment opportunities throughout the region,” Carlyle managing director Fernando Borges said in a statement.

Earlier this month, Carlyle held final closes for two funds totaling $1 billion for South America: Carlyle South America Buyout Fund and a fund raised in partnership with Banco do Brasil. The amount raised was double the amount initially targeted by Carlyle, the firm said in a statement. The fundraisings bring Carlyle’s assets under management in emerging markets to $14 billion, which represents 13 percent of its overall group-wide AUM. 

Carlyle’s nine-strong South America team is based in Sao Paulo, Brazil and was established in 2008. It has completed three deals since its inception, deploying almost $1 billion in equity. The firm also plans to open an office in Peruvian capital Lima before the end of this year, having agreed a joint venture with Peruvian financial services group Credicorp in March.