Davis Polk & Wardwell LLP is advising Grupo Qualicorp in connection with the acquisition of a controlling stake in the company by The Carlyle Group. As part of the transaction, minority shareholder General Atlantic, LLC, will sell 100% of its shares in Qualicorp to Carlyle and exit the investment. The financial terms of the transaction were not disclosed. The transaction is expected to close in August subject to Brazilian regulatory approval.

Grupo Qualicorp is the leader in health benefits management services in Brazil. The Carlyle Group is a global alternative asset manager with $90 billion of assets under management committed to 67 funds as of March 31, 2010.

The Davis Polk corporate team includes partners John D. Amorosi, Marc O. Williams and Manuel Garciadiaz, associates Robert A. Rizzo and Patrick Delaney and summer associate Samuel Burley. Partner Frank J. Azzopardi and associate Randy Samson are providing intellectual property advice. Partner Gail A. Flesher and associates Hayden Baker and Emma L. Ahrens are providing environmental advice. The tax team includes partner Kathleen L. Ferrell and associate Anthony L. Oliva (not yet admitted). Partner Joseph P. Hadley is providing credit advice. Associate Ivana Martins is providing capital markets advice. All members of the Davis Polk team are based in the New York office.