Buyout firm Advent International Corp has hired Morgan Stanley & Co and Grupo BTG Pactual SA to advise on the sale of a controlling stake in TCP Terminal de Contêineres de Paranaguá SA, Brazil’s second-busiest container port, according to two people with direct knowledge of the plans.

Earlier this year, Boston-based Advent had announced plans to sell the 50 percent stake it has in TCP, which can handle about 1.5 million tonnes of cargo containers annually. BTG Pactual (BBTG11.SA) joined Morgan Stanley as advisor to Advent at the start of July, the people said.

The sources, who spoke with Reuters in recent days, asked for anonymity because the plan remained confidential.

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