WP Angra dos Reis Holdco and Warburg Pincus LLC buy 32% of Camil

The WP Angra dos Reis Holdco and the private equity fund Warburg Pincus LLC (WP) today announced the acquisition of all the shares of the Investment Fund FIP Camil, managed by Lehman, in Camil Foods.
The shares acquired represent 31.75% of the share capital of the company. One of the largest food processors of Latin America, the Camil recorded net revenue of 4.2 billion R$ in the financial year ended February 2016.
"We see the Camil as a platform for organic and inorganic growth. The company can expand into geographies where it is not present, "says Piero Minardi, responsible for Warburg Pincus in Brazil. The Manager''s assessment is that the Camil can extend its presence in the fields of rice, sugar and fish.
The Camil is not a new company for Minardi. Until 2014, the Executive worked in the management of private equity funds of the Gávea. This is the first investment of the Fund 12 of Warburg Pincus in Brazil. The Fund, which invests in the world, picked up $ 12 billion in November last year.
The WP Angra dos Reis Holdco and the Warburg Pincus, besides the Camil investments, also announced that they are going to issue new ordinary shares representing 3.75% of the share capital of the company. The operations must be completed in 20 days.