Private equity firm Advent International is reportedly selling its 50% stake container terminal in Paranagua, Brazil, as the terminal gears up to carry out a BRL 1.1bn ($335m) expansion plan.
Boston-based Advent has hired banks Morgan Stanley and BTG to evaluate strategic options for Terminal de Conteineres de Paranagua (TCP), according to Bloomberg and local daily Diaro do Nordeste.
The reports estimate the deal could be worth $1.1bn
