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Brazil's Tarpon sells apparel firm Morena Rosa back to founder

Brazilian investment firm Tarpon Investimentos SA has sold apparel company Morena Rosa SA back to its founder four years after acquiring it, two sources with knowledge of the matter said on Friday. Morena Rosa, set up in 1993 by Marco Franzato, was one of Tarpon's smallest investments. Franzato, who held 15 percent of Morena Rosa, will pay about $67 million for Tarpon's 85 percent stake, according to one of the sources, who asked for anonymity because the deal is private. Tarpon, which manages $2.6 billion in assets, had paid 240 million reais for a 60 percent stake in Morena Rosa in 2012. It later acquired another 25 percent stake. The investment firm's largest holdings are in processed food maker BRF SA, education company Somos Educacao SA and in steelmaker Metalurgica Gerdau.


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