Advent Sheds Cetip Shares

Advent International has sold part of its stake in Brazilian fixed income and derivatives depository and clearing house Cetip. The sale of 15.5m shares at BRL23.61 per share netted the private equity manager BRL364.9m, according to Dealogic data. The price represents a 0.3% premium to the previous BRL23.55 closing price. The stake represents 6% of Cetip, and leaves Advent with 10%, Cetip says. Credit Suisse handled the sale, according to Dealogic.