"The team at Portland Private Equity understands the property and casualty insurance business and the nuances of business building in Jamaica. They have proven to be deeply knowledgable and well connected investors and I view them as valuable mentors and constructive contributors on the board of directors."
Grupo IGA
Date of Investment:
March, 2017
Deal Value:
$17 million
Status:
unrealized
Website:
www.andrescarnederes.com
Website:
www.kokoriko.com.co
ESG:
details In 2010, Portland Private Equity was introduced by one of its limited partners to MAS Equity Partners ("MEP"), A Colombian private equity firm. MEP invited Portland to participate in the creation of Grupo IGA through the merger of two of its portfolio companies. Grupo IGA is a dominant food service platform in the Colombian market and has some of Colombia's most iconic brands, including Kokoriko, Andrés Carnes de Res, and Mimo's.The merger will introduce administrative and operational synergies while providing a baseline from which significant expansion is anticipated.
The Portland Private Equity Difference:
Portland Private Equity added value by:
-
Providing a flexible financing structure customized to the complexities of the transaction
-
Delivering access to the investment opportunity to Portland Caribbean Fund II
-
Working with MEP and the shareholder group to consummate the transaction while committing to serve alongside Grupo IGA's strategic sponsors on its board of directors