Carlyle Shrinks Qualicorp Holding

Carlyle continues to exit its position in Brazilian insurance provider Qualicorp, having shed a 46m share stake worth BRL955m ($455m) at Friday’s BRL20.75 closing price. The sale of the 17.47% portion through various market transactions brings the private equity firm’s position to 5.93%. Carlyle held a 40% position prior to Qualicorp’s BRL759m follow-on in April, in which it sold secondary shares.