3i Group, Neuberger Berman and Siguler Guff to Exit Óticas Carol for US$118 Million (Latin America)

Source: Luxottica

Private equity investors 3i Group, Neuberger Berman and Siguler Guff & Company have agreed to sell their interests in Brazil-based eyewear retailer Óticas Carol as part of an EUR100 million (approximately US$118 million) acquisition of 100% of the company by Italy-based eyewear group Luxottica. 3i, Neuberger Berman and Siguler Guff originally invested in Óticas Carol in 2013. The transaction, which is pending regulatory approval, is expected to close in the first half of 2017.