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.
