American Fund closes R$ 226,000,000 business with St. Marche

The American Fund Catterton closed a contribution of 226,000,000 in R$ St. Marche, food retailer focussed in classes A and b. Second found the newspaper Estado de s. Paulo, upon completion of the deal, the private equity Fund (buying stakes in companies to, in the future, resell them at a profit) will have 52% of the brazilian company. In addition to the 18 stores with the flag St. Marche, the Group owns the Santa Maria and the Emporium Eataly Italian food market, which also houses restaurants.
The resources will be used to accelerate the company''s expansion plan and to strengthen the capital structure of the Marche St. In Exchange for the cash injection in the company, the American Fund will have, according to sources, much of the participation of five Brazilian partners – which together hold 70% of the company. Among the shareholders are national Bernardo Ouro Preto and Victor Leal (with most relevant slices) and Rodrigo Luna. The other 30% of the company belong to the Bond Fund Managment, family office of the American investor Malone Mitchell.
Sought, the Brazilian partners of St. Marche preferred not to comment. Representative of the American Fund Catterton in Brazil did not return the contact of the report.
Brazil debut set to be completed in the fourth quarter of this year, the deal with the Group St. March marks the premiere of Catterton in the country. In the U.S., the Fund has investments in about 100 brands, operating in the food and beverage retail, restaurants and consumer goods. According to a source in the financial market, the Catterton sees potential in the Brazilian market of food back to classes A and B, but would be willing to look at other retail segments in the country.
In January this year, the Fund announced a merger with the private equity arm of LVMH, L Capital, creating L Catterton, which became the largest investment company in the world with a focus on consumption.
Second report published in the State in July, before closing with the background, the St network would have been offered the Marche strategic investors in Brazil – among them, Carrefour, Grupo Pão de Açúcar and Peninsula investment arm of the family of Abilio Diniz.