The Carlyle Group and Guilherme Paulus successfully sold a 45% stake in CVC Brasil Operadora e Agência de Viagens, raising approximately US$391 million while retaining a 24% ownership stake in the company.

Target Overview

CVC Brasil Operadora e Agência de Viagens is a prominent travel agency based in Brazil, recognized for its extensive range of travel services including vacation packages, airline tickets, and hotel reservations. Founded in 1972 by Guilherme Paulus and his partner, CVC has established itself as a leading player in the Brazilian tourism sector, catering to both leisure and business travelers. The company has continuously adapted to changing market dynamics while expanding its footprint throughout the country.

As one of the largest travel agencies in Brazil, CVC benefits from a significant brand reputation and a loyal customer base. Its strategic locations and comprehensive service offerings position it well to leverage the growing interest in domestic and international travel among Brazilians. Moreover, the firm's investment in technology improvements and digital platforms has enhanced its competitiveness in an increasingly digital marketplace.

Industry Overview in Brazil

The travel and tourism industry in Brazil has shown robust growth potential, driven by the increasing disposable income of the middle class and the nation's diverse attractions. Brazil, known for its rich cultural heritage