Reve Group Inc has sold a 90% stake in RTD to Diesco
October 2019 — 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.
Our role in the transaction
Oaklins’ team in Colombia acted as the exclusive advisor to the seller in this transaction.
Talk to the deal team
Related deals
Balticovo has acquired Babičkin dvor
Balticovo has acquired 100% of the shares in Babičkin dvor. The acquisition marks Balticovo’s direct entry into the Slovak market and establishes a platform for further growth in Central Europe. Balticovo plans to expand Babičkin dvor’s production capacity through investments in new facilities, technology and know-how, supporting the continued development of domestic egg production in Slovakia.
Learn moreNutrition & Santé has divested its Spanish organic assets to Alimentos Sanygran
Nutrition & Santé Group has divested its Spanish organic assets to Alimentos Sanygran. The transaction included the Natursoy brand; the Castellterçol production site dedicated to organic chilled plant-based meat alternatives; a three-year Gerblé chilled-business license; manufacturing and transition services agreement (TSA) arrangements for Nutrition & Santé’s French Céréal Bio and Soy brands and third-party brands; distribution contracts for more than 10 organic brands; and a dedicated sales force serving specialized organic and dietetic retailers in Spain.
Learn moreBoeser Frischfleisch has secured financing for the acquisition of Vion Crailsheim
Boeser Frischfleisch GmbH has secured financing in connection with the acquisition of the Crailsheim site from Vion Group. The site specializes in the slaughtering and cutting of cattle and pigs and plays an important role in the southern German meat industry. Through the acquisition, Boeser Frischfleisch expands its value chain and strengthens its position in a market characterized by ongoing structural change and consolidation.
Learn more