By  on March 1, 2011

RIO DE JANEIRO — Laep Investments, a Brazilian private equity fund, has bought Daslu, one of Brazil’s top luxury fashion emporiums, for 65 million reais, or $39 million at current exchange. On Thursday, Daslu’s 200 creditors, a mix of banks and suppliers, agreed to the Laep offer, which still needs court approval.

Laep said its offer to purchase the Daslu brand and its assets includes 21 million reais, or $12.6 million, in cash to capitalize the business and erases 44 million reais, or $26.4 million, in debts that Daslu had with Laep. Laep will also pay Daslu owner Eliana Tranchesi a symbolic 1,000 reais, or $602, for the stock in the company, all of which she owned. Laep must also pay 60 percent of Daslu’s $36 million in debts with other creditors, or 21.6 million reais ($13 million),in 72 monthly installments, a Laep spokesman said.

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