Good Things Always Come in Threes

2018-04-24T20:07:58+00:00 February 10th, 2018|Argentina|

February - 2018 Carlos García, leader of the fund that acquired Los Grobo in 2017, prepares the launch of his third vehicle to invest in the region. He defines himself as a generalist but does not look at regulated sectors. He goes unnoticed, hidden behind his common name and last name. But Carlos García is not just somebody else in the private equity world: he leads Victoria Capital, a company that raised three funds for US$ 1700, focused on Latin America and created in 2002 by practically the same management of Donaldson Lufkin & Jenrette – known in the industry by its acronym, DLJ – a company that García joined in 1995 and where he led all the investments for Latin America. But that’s history: last December, Victoria Capital finished its second fund, of US$850 million, and is preparing the third one, which apparently will [...]

Los Grobo sells 75 percent of its equity to the fund Victoria Capital

2018-04-24T20:43:12+00:00 November 18th, 2016|Argentina|

November 18 - 2016 After a year of stormy negotiations, when they decided to sign the agreement at exactly 3am, the printer failed. What seemed impossible, happened: they run out of toner. The transaction that changed the history of Los Grobo Group, one of the main agribusiness players, was finalized hours later. In this context, Victoria Capital Partners makes a capital injection of US$ 100 million into the Company. Furthermore, for an undisclosed amount, it buys 75% of the Company which has annual revenues of US$ 550 million, 700 employees, 50,000 hectares of crops, ventured into agrochemicals with Agrofina, leads the precision agriculture with Frontec in association with INVAP, produces seeds and even offers financial services through a mutual credit guarantee company. Victoria Capital acquires the stock that was still owned by the Brazilian Vinci group and by Gabriela and Andrea Grobocopatel. Gustavo and his [...]

Former Peñaflor owners invest in Grupo Los Grobo

2018-04-24T20:44:22+00:00 November 18th, 2016|Argentina|

November 18 - 2016 It’s the VCP Fund, led by Carlos García, former CEO of the winery from Mendoza, which will invest close to US$100 million to participate in the Grobocopatel family’s company. by MANUEL PARERA Grupo Los Grobo, controlling company of Los Grobo Agropecuaria, informed in a press release that it has entered into an agreement with the fund VSAP Agriservices L.P., for a possible share subscription of the agribusiness holding controlled by the "soybean king". This confirms the intention expressed by Gustavo Grobocopatel, who had already mentioned that he was looking for a new investor who could contribute cash to capitalize its businesses and develop investment opportunities in one of the main agribusiness companies in the country. Even though the Company preferred not to comment (apart from the press release that it sent to the Comisión Nacional de Valores-CNV), and they did not [...]

Grobocopatel handed over control of the Company to an international group

2018-07-24T01:08:49+00:00 November 18th, 2016|Argentina|

November 18  - 2016 Victoria Capital Partners led the investment group making a capital injection of US$ 100 million in Los Grobo together with the IFC, a Dutch fund and the University of Texas’ fund; keeps between 70-75% of equity stake. And Grobocopatel, seated, with García and Santiago Cotter. Photo: Santiago Filipuzzi A global investment group takes control of Los Grobo, the company led by businessman Gustavo Grobocopatel. This is the first international investment in a local agribusiness company during the Macri Administration. Los Grobo, with annual revenues of US$ 550 million, 1,8 million tons of grain origination, 50,000 production hectares and US$ 130 million in sales from its agrochemicals division Agrofina, plans to double its size in the next 4 years. Along these lines, yesterday at 4am, at a law firm where at some point during the night they run out of toner given [...]

Grupo Los Grobo announces a capital increase with the addition of an investment group led by Victoria Capital Partners

2018-04-24T20:46:35+00:00 November 17th, 2016|Argentina|

November 17, 2016 Grupo Los Grobo (“Los Grobo”) announced today the completion of the negotiations for the incorporation as a new shareholder of an international investment group led by Victoria Capital Partners (“VCP”), one of the most respected private equity firms in Latin America. This capital increase of US$100,000,000 will be used to strengthen the capital structure of the company and support its current growth plan aiming at doubling its size in the next 4 years. Simultaneously, VCP acquires a block of additional shares from certain shareholders of the Company. This is a very important transaction due to the high quality of the investment group led by VCP, which includes The University of Texas Investment Management Company (“UTIMCO”), the International Finance Corporation (“IFC”) and FMO the Dutch development bank. In connection with this announcement Gustavo Grobocopatel who will remain as President of the company said: “Under the [...]