Reve Group Inc has sold a 90% stake in RTD to Diesco
Reve Group Inc has sold a 90% stake in RTD S.A.S., a soft drinks manufacturer, to Diesco, a Caribbean business conglomerate.
RTD was founded in Colombia in 2013 to manufacture non-alcoholic beverages. The company’s product portfolio includes private label and commercial brands and it currently offers water (still, sparkling, and flavored), carbonated soft drinks, sports drinks, ready-to-drink teas and energy drinks.
Diesco is a diversified group of companies in the Caribbean Basin. The company is headquartered in Santo Domingo, Dominican Republic, and operates in businesses such as packaging, beverages, project management, and has business units specializing in capital and financial investments.
Reve Group is a food retailer with operations in Colombia and Panama. The company was established in October 2015 and is vertically integrated in order to secure a stable and high quality supply of its products. Reve Group operates in the hard discount retailing, coffeehouse chains, soft drinks, sauces, jellies and premixes, and dairy products manufacturing industries. Reve’s main revenue generator is its hard discount business focused on basic necessity goods with high inventory turnover.
Oaklins’ team in Colombia acted as the exclusive advisor to the seller 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