Portland Caribbean Fund II completes fifth investment: Grupo IGA

Colombia
Marzo 1, 2017

Highlights

  • Grupo IGA restaurant platform merges iconic Colombian brands Andres Carnes de Res, Kokoriko, and Mimo’s

  • Significant operational and administrative synergies to be captured

  • Domestic and international expansion strategy

Portland Private Equity, a leading private equity fund management company, is pleased to announce the completion of Portland Caribbean Fund II’s fifth investment, an equity and debt participation in the creation of Grupo IGA, a significant restaurant platform with stores in 43 Colombian cities. Grupo IGA is the result of the merger of Inmaculada de Guadeloupe y Amigos CIA and Grupo Conboca and involves some of Colombia’s most iconic restaurant brands including Andres Carnes de Res, Kokoriko, and Mimo’s. Portafolio, a leading Colombian business newspaper summarized the transaction: www.portafolio.co/negocios/empresas/buscaran-internacionalizar-a-andres-505097

Contactar: 

For more information visit www.portlandpe.com or contact Douglas Hewson at dhewson@portlandpe.com.

About Portland Private Equity: 

Portland Private Equity is a private equity fund management company currently focused on private equity growth opportunities in the broader Caribbean region through its management of the AIC Caribbean Fund and its successor, Portland Caribbean Fund II.