HIG Capital completes strategic investment in Grupo Ransa
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BOGOTÁ – HIG Capital (“HIG”), one of the world’s leading alternative investment firms with over $ 45 billion in equity under management, is pleased to announce that one of its subsidiaries has completed the acquisition of a majority stake in Grupo Ransa (“Ransa” or the “Company”), a leading player in third party logistics (“3PL”) in Latin America. Grupo Romero, one of Peru’s largest conglomerates and long-time shareholder of Ransa, will remain a strategic partner of the Company alongside HIG Capital. Ransa’s current management team, led by CEO Paolo Sacchi, will continue to lead the company. Additional terms of the transaction were not disclosed.
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Ransa, headquartered in Peru, is the largest and most comprehensive integrated 3PL platform in the Andean region and Central America, with operations in 8 countries and 34 cities. The Company is present in attractive and growing markets for logistics operators given increasing international trade, outsourcing trends and high growth economies and industries. Ransa is a one-stop-shop solutions provider, offering efficient and comprehensive 3PL service, foreign trade, warehousing, cold storage, transportation, distribution, file storage and value-added services.
Paolo Sacchi, CEO of Grupo Ransa, said: “We are happy to welcome HIG to the Ransa family. This investment is a recognition of our 7,000 employees, our talents and our customer-centric culture – elements that constitute our true competitive advantage – and confirms that we have taken the right direction in the strategy that we have defined. during the last years. We are excited about the opportunities that lie ahead and believe that HIG will help us accelerate our growth trajectory and continue to provide high quality services to our clients.
“We believe that Ransa is an ideal Latin American player and leader to enter an industry in which HIG has strong conviction and extensive global experience. From our first interactions with the company, we have been very impressed with its unique regional footprint and long-term client portfolio comprised of leading brands across multiple industries. We are delighted to partner with Paolo and his talented management team alongside a partner of the caliber of Grupo Romero, ”said Fabio Saad, Andean Region Manager for HIG.
Fernando Marques Oliveira, Managing Director and Head of HIG Brazil and Latin America, also commented: “This significant investment in Ransa reaffirms our commitment to the Andean region, where we see significant growth opportunities. We hope to accelerate our capital deployment strategy there, and this historic investment is an important step in that direction to consolidate HIG as one of the largest and most active global investors in Latin America. ”
Luis Romero Belismelis, President of Grupo Ransa, added: “Grupo Ransa and its team have done a phenomenal job in making the company a leading regional player in the field of logistics. We look forward to working with HIG Capital throughout this new phase of growth for Ransa. ”
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Credit Suisse Securities (USA) LLC acted as exclusive financial advisor and Garrigues and Simpson Thacher & Bartlett LLP acted as principal legal advisers to Grupo Romero and the company.
Lazard served as exclusive financial advisor and Rebaza Alcazar & De las Casas, Debevoise & Plimpton LLP and Roca Junyent served as lead legal advisor to HIG
Founded over 80 years ago, Ransa is one of the leading Third Party Logistics Operators (“3PLs”) in Latin America with operations in the Andean and Central American regions. The company has a large regional footprint with critical mass and a network in 8 countries and 34 cities, in which it has more than 7,000 employees and operates more than 3.5 million square meters of infrastructure. It has become a one-stop-shop solution, providing efficient and comprehensive 3PL service to blue chip clients and large multinationals in Latin America. Ransa has a very diverse client revenue base with +2,500 clients operating in various industries such as consumer, food & beverage, retail, fishing & agribusiness, mining & l energy, freight forwarding, automotive and electronics, among others. For more information, please visit https://www.ransa.biz/.
About Grupo Romero
The Romero Group is a Peru-based business conglomerate with over 132 years of history and comprised of competitive companies operating in a wide range of sectors including agro-industry, mass consumption, ports, energy and diversified services. The more than 15 companies of the Romero Group are located in different regions of Peru and in various Latin American countries, offering their customers – belonging to different economic sectors – a high quality and value-added service. For more information, please refer to http://www.gruporomero.com.pe
About HIG Capital
HIG is a leading alternative asset investment firm with over $ 45 billion in equity under management. * Headquartered in Miami and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco and Atlanta in the United States, as well as as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, HIG specializes in providing debt and equity capital to small and medium enterprises, using an added approach:
- HIG’s equity funds invest in management buyouts, recapitalizations and company exclusions of profitable and underperforming manufacturing and service companies.
- HIG Debt Funds invest in senior, unitranche and junior debt financing to companies of all sizes, both on a primary basis (direct origination) as well as in secondary markets. HIG is also a primary manager of CLO, through its WhiteHorse family of vehicles, and operates a publicly traded BDC, WhiteHorse Finance.
- HIG’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
- HIG Infrastructure focuses on making value-added and core plus investments in the infrastructure sector.
Since its inception in 1993, HIG has invested and managed more than 300 companies around the world. The company’s current portfolio includes more than 100 companies with combined sales of over $ 30 billion. For more information, please visit HIG’s website at www.higcapital.com.
* Based on total capital commitments managed by HIG Capital and its subsidiaries.
Head of the Andean region