Qualicorp Sets Selldown Date

Brazil’s Qualicorp will start meeting investors March 28 ahead of the April 12 pricing of its equity follow-on, according to a prospectus. In the all-secondary share deal, private equity firm Carlyle and founder Jose Seripieri Filho stand to earn BRL836m ($465m) from the sale of 55.8m shares, based on Monday’s BRL 14.99 close and assuming a 15% greenshoe is used. Both were sellers in the BRL731m secondary portion of last year’s IPO, and are further reducing their holdings. Carlyle is set to go from a 39.49% stake to 26.03%, and Seripieri from 27.85% to 19.85%, assuming the greenshoe is exercised. Bank of America Merrill Lynch, Bradesco, Credit Suisse and Goldman Sachs are managing the transaction.