PE-Backed Lacteos Brasil Files for Bankruptcy

Brazilian dairy producer Lacteos Brasil SA LBR, which is partly owned by private equity firm Laep Investment Ltd, filed for bankruptcy protection under Brazilian law late on Thursday, according to a securities filing. Laep has an indirect stake in LBR through investment holding company Monticiano SA. It had announced last month the sale of $10 million of shares to bolster its capital against potential losses in key investments, Reuters reported.

(Reuters) – Brazilian dairy producer Lacteos Brasil SA LBR, which is partly owned by private equity firm Laep Investment Ltd, filed for bankruptcy protection under Brazilian law late on Thursday, according to a securities filing.

Laep has an indirect stake in LBR through investment holding company Monticiano SA. It had announced last month the sale of $10 million of shares to bolster its capital against potential losses in key investments.

(Reporting by Alberto Alerigi Jr.; Writing by Silvio Cascione; Editing by Lisa Von Ahn)

Leave a Reply

PEHUB Community

Join the 12506 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget