Carlyle injects more $53 mln into Brazilian junk food chain Madero

SAO PAULO, Nov 22 (Reuters) – Buyout company Carlyle Group Inc (CG.O) will inject an extra 300 million reais ($534 million) into Brazilian junk food chain Madero, the business stated in a securities filing.

Carlyle, currently an investor in Madero, is getting from creator Junior Durski an extra 2.4 million typical shares, however Durski will stay as managing investor in the business. Madero will utilize the profits for growth of its network of 250 dining establishments, it stated.

Carlyle, an investor given that 2018, has a 27.6%stake in Madero. The chain has actually just recently employed banks for a going public.

($ 1=5.6135 reais)

Reporting by Tatiana Bautzer, Editing by Louise Heavens

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