Reve Group has raised equity to fund its expansion plan
September 2018 — Reve Group, Inc. has raised US$55 million via equity to finance its expansion plan. Investors included one private equity fund 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 more than 5,000 employees in Colombia. Justo & Bueno opened its first store in February 2016 and by September 2018 had more than 600 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 350 by September 2018. It offers high quality coffee, bread and sandwiches at very low prices. Reve expects revenues of around US$650 million in 2018.
Our role in the transaction
Oaklins’ team in Colombia acted as the exclusive financial advisor in this transaction.
Talk to the deal team
Related deals
Mattina Holding has sold a 5% stake in Gens Aurea via accelerated bookbuild
Mattina Holding S.A. (DVC Partners) has sold a 5% stake in Italian company Gens Aurea S.p.A. through an accelerated bookbuild, raising approximately US$69.96 million.
Learn moreKPS Food Group has joined ForFarmers Polska, a joint venture controlled by ForFarmers N.V.
ForFarmers N.V. has strengthened its position in Poland’s growing poultry market through the establishment of a joint venture with KPS Food Group, a leading poultry producer with operations spanning farming, slaughtering and food processing. ForFarmers’ existing Polish joint venture, Tasomix, and KPS’s operations have been combined to form ForFarmers Polska, which has an enterprise value of approximately US$585 million. ForFarmers holds a controlling 50.5% stake and will fully consolidate the joint venture. The founders of KPS and Tasomix remain minority shareholders.
Learn moreTNT has been acquired by PM Studio
TNT Group has been acquired by PM Studio Group, backed by Andera Partners, bringing together two complementary specialists in premium packaging for the beauty and luxury industries. TNT’s expertise in bespoke primary packaging complements PM Studio’s secondary packaging, gifting and creative design capabilities, creating a broader, integrated offering for major luxury brands. The transaction strengthens the group’s geographical footprint in Asia and the USA, diversifying its customer portfolio. The combined group generates over US$145 million in revenue and has approximately 150 employees worldwide. Following the transition of operational leadership to CEO Damon Kennish, the founders completed the sale to PM Studio while making a significant reinvestment alongside the management team, demonstrating their confidence in the combined group’s long-term potential. It aims to reach US$280 million in revenue by 2029 through organic growth, commercial synergies and further acquisitions.
Learn more