You are here

Carlyle's Brazilian developer battles mounting lawsuits

Survival of Urbplan depends on creditors' willingness to restructure 450 million reais of asset-backed securities

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.

The survival of...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to