Reve Group has raised equity to fund its expansion plan
Reve Group, Inc. has raised US$60 million via equity and a convertible loan to finance its expansion plan. Investors included two private equity funds and one family office.
Reve Group, one of the fastest-growing companies in Colombia, is a hard discount food retailer with two different formats. Justo & Bueno, a retailer in Colombia and Panama offering food and other basic necessity goods, and Tostao’, a discount coffee shop chain in Colombia. Reve is vertically integrated with some of its most important suppliers and has has more than 5,000 employees in Colombia. Justo & Bueno opened its first store in February 2016 and by November 2017 had more than 400 stores. It offers prices significantly lower than traditional retailers and has convenient locations. Tostao’ opened its first shop in December 2015 and had more than 210 by November 2017. It offers high quality coffee, bread and sandwiches at very low prices. Reve expects revenues of around US$300 million in 2017.
Oaklins’ team in Colombia acted as the exclusive financial advisor in this transaction.
Talk to the deal team
Related deals
Sunrise Eggs has been acquired by Agrova International
Sunrise Eggs, one of the UK’s best-established independent egg producers and distributors, has joined Agrova International AS, a European poultry and agri-foods group.
Learn moreAgrova International has acquired Sunrise Eggs
Agrova International, led by its founder Jurijs Adamovičs, has acquired 100 percent of the shares in Sunrise Eggs, a UK-based egg production and distribution company. This acquisition significantly expands Agrova’s operational footprint and strengthens its position as a pan-European player in the egg and egg protein industry. The transaction was supported with funding from Accession Capital Partners (ACP), a growth capital provider with experience in the agriculture sector.
Learn moreRugenbräu AG has secured succession and remains locally owned
Two members of Rugenbräu AG’s management team, Remo Kobluk, CEO, and Christian Schneiter, head of finance and HR, together with Bernese entrepreneur Bernard Fuhrer, owner and CEO of Felsenau Brewery, and Bern-based attorney Dominique Gottret, have jointly acquired the traditional brewery in the canton of Bern. This transaction ensures that Rugenbräu AG remains in Bernese hands, led by individuals who have known the company for many years and share a close connection with it.
Learn more