Carlyle to Take Majority Stake in Peru-based Hermes
August 18, 2015
The Carlyle Group has announced the acquisition of 85.42% of Hermes, a Peru-based cash management company that provides cash in transit services, processing and custody of money, document management, mining services, messaging, collections and payments. Equity capital for the transaction will come from the $324 million Carlyle Peru Fund, which closed in 2013, and Carlyle South America Buyout Fund, which closed on $776 million in 2011. The transaction could close by month end.