Gafisa has received four offers for its high-end Alphaville unit according to Reuters, which cited a report in local newspaper Valor Economico.
It said the sale of Gafisa’s 80 per cent stake in the business could be worth BRL1.8bn ($891m), which would help it pay down its hefty debt.
Equity International is a former investor in Gafisa, having held a stake between 2006 and 2011, and led the firm’s successful IPO.
It attempted to repurchase the business in February last year in competition with Latin American private equity firm GP Investimentos, but Gafisa decided both bids undervalued the company.
Blackstone and Patria Investimentos-backed asset manager Hemisfério Sul Investimentos are also believed to be interested in Alphaville, as is private equity fund VBI Real Estate.
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