The Carlyle Group Acquires GP Investments’ Remaining Stake in Tempo Participações (Latin America)
Source: GP Investments
Global alternative asset manager The Carlyle Group has acquired a stake in Brazil-listed specialized support and call center services company Tempo Participações from Latin America-focused alternative investment firm GP Investments as part of Carlyle’s delisting of the company. GP Investments originally invested in the company in January 2007 in a transaction structured through its fund GP Capital Partners III. Carlyle, which acquired a 51 percent stake in Tempo Participações from GP Investments in November 2015 as the first stage of the delisting process, has now acquired GP Investments’ remaining holding in the company. Financial details of the transaction were not disclosed.