Carlyle Group divests three companies in Peruvian portfolio

The divestment comprised the transfer of non-controlling indirect interest in the Peruvian companies with securities registered in the Peruvian Public Registry of the Securities Market.

The Carlyle Group is a US-based multinational private equity, alternative asset management and financial services corporation, with $382 billion of assets under management, and which specializes in private equity, real estate assets and private credit, and is one of the world’s largest mega-funds.

 The divestment was carried out together with other funds of the same group.

Peruvian law firms Hernandez & Cía. and Payet, Rey, Cauvi, Perez acted as counsel to The Carlyle Group, providing legal advice regarding local companies and the applicable regulations, as the transaction involved the transfer of non-controlling indirect interest in the Peruvian companies.

Hernandez & Cía.'s advisory services were related to Azzaro Trading, a holding company of the Liderman business, a leading private security company in Peru, Chile and Ecuador, while Payet, Rey, Cauvi, Perez provided advice regarding Inca Rail, a rail transport company, and Expertia, which sells tourism and travel packages.

The legal advisory for the operation was led by Debevoise & Plimpton in New York.