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Carlyle's Brazilian developer battles mounting lawsuits

Survival of Urbplan depends on creditors' willingness to restructure 450 million reais of asset-backed securities
Wednesday, February 15, 2017 - 05:50

Sao Paulo

A BRAZILIAN land developer controlled by Carlyle Group LP investment vehicles is buckling under mounting client and creditor lawsuits and an unsustainable debt load, highlighting legal risks facing global buyout giants in Latin America's No 1 economy.

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