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 [...]

Corona and Cementos Molins

2018-04-24T20:48:05+00:00 January 6th, 2016|Colombia|

January 6, 2016 On Sept. 2015 Corona signed an agreement with Cementos Molins ("CM", http://www.cemolins.es/), a Spanish-based international player in cement with leading presence in Latam, to jointly develop the cement production and commercialization business in Colombia. The company and Victoria believe this is a great opportunity to enter into a new business line that is totally complementary to Corona's building materials portfolio. It also provides the opportunity to capitalize from its approx. 100 years' worth of limestone reserves (limestone serves as raw material for cement production), as well as from Corona's know-how for mining their limestone queries and their current vast distribution network in Colombia. This initiative will be executed via a 50%-50% JV with CM and includes the construction of a plant with a capacity of 1.4 million tons per year with a total investment of approx. USD 370 mm, located 160km northwest of Bogota [...]

Lamosa Acquisition by CORONA

2018-04-24T20:49:18+00:00 January 6th, 2016|Colombia|

January 6 - 2016 On June 2015 Corona closed the acquisition of 100% of the sanitary ware business of Lamosa in Mexico, one of the leading producers and distributors in that market and with significant exports to the US and Canada markets. The business acquired has a production capacity of 3 million pieces / year from two production facilities located in Monterrey and in Benito Juárez. This acquisition is of strategic importance not only as it strengthens Corona's presence in the Mexican market - today served via exports from Colombia, but also as it complements Mansfield' operations in the US (Corona's US sanitary ware business). Please find below links to media articles here. Source: VICTORIA

Two Awards and the Same “CORONA”

2018-04-24T20:51:03+00:00 December 8th, 2015|Colombia|

December 8 - 2015 The Corona Group Received the Environment Protection Award and its President, Carlos Enrique Moreno, the Best Business Leader Award. Carlos Enrique Moreno tends to use an image to define the role of a leader who wants to motivate the members of his team. He says that it is like flying a kite, sometimes you have to pull the line and sometimes you have to release it. And this is just one of the multiple phrases that he usually tells to his subordinates to translate into a common language his work philosophy. The other key aspect, which some of the members of the Corona Group under his responsibility highlight, is the work example and commitment that he shows. "He likes to encourage and help his people develop," states the vice-president of Corporate Affairs, Ana María Delgado, who describes him as a person [...]

Ideal Invest cashes in on Brazilian students’ loans

2018-04-24T20:52:29+00:00 November 3rd, 2015|United States|

November 3 - 2015 A  deep recession might not be the most advantageous economic backdrop for a company offering student loans. But for Ideal Invest, a Brazilian student loans company that claims to be the biggest in the country’s private sector, the doldrums afflicting Latin America’s largest economy have been a boon. The reason? A much larger rival government student loan programme, known as Fies, has scaled back under a federal budget austerity programme. As access to the government programme has been tightened for students, the private sector has become more attractive. “These changes have been very good for us,” says Gabriel Haddad, finance director of Ideal Invest. The company was founded in 2001 by Oliver Mizne, a young entrepreneur who wanted to use financial markets to increase access to education for Brazil’s lower income groups. It followed the opening up of Brazilian higher education [...]

Corona among the Top Companies with the Best Corporate Reputation in Merco 2015

2018-04-24T20:54:23+00:00 October 26th, 2015|Colombia|

October 26, 2015 Corona among the Top Companies with the Best Corporate Reputation in According to the last assessment of the study Merco Empresas, Corona was qualified by entrepreneurs, journalists, labor unions and consumers as one of the companies with the best reputation in Colombia. Bogota, October 2015- In the 2015 Merco Empresas Colombia ranking, published by the monitor, Corona occupied the eleventh place among the top 100 companies with the best reputation, climbing up one place with respect to the study conducted in 2014. Likewise, it ranked first in the Industrial Sector. Merco is a world-wide reference which allows to evaluate the reputation of companies. This ranking is prepared annually based on a rigorous poll with the participation of high-level entrepreneurs, financial analysts, NGOs, labor unions, consumer associations and economics journalists. Accordingly, at the moment of evaluating companies, the monitor considers variables such as the quality [...]

Fondo de inversión toma el control de gimnasios Energy y Hard Candy Chile

2018-04-24T20:55:50+00:00 May 3rd, 2014|Chile|

May 3 - 2014 Tras casi un año de negociaciones, el fondo de inversión independiente Victoria Capital Partners concretó la semana pasada la compra de la mayoría del paquete accionario del holding chileno propietario de la cadena de gimnasios Energy, del gimnasio de Madonna -Hard Candy Fitness Chile- y de la firma proveedora de equipamientos Global Fitness Service (GFS). Así, Energy Fitness quedó conformada por Victoria Capital Partners como socio mayoritario y por el grupo minoritario que incluye al equipo ejecutivo de Energy ligado a Alex Wiesner (en la foto) y a Hudson Capital, la división de private equity de Hudson Bankers. Wiesner se mantendrá como presidente ejecutivo de la firma, liderando el plan de crecimiento de esta empresa de fitness multimarcas en Latinoamérica en el corto plazo. En Chile, los planes contemplan cuadruplicar la empresa en cinco años, sin incluir el programa de franquicias [...]