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M&A Deal Summary

ALTRA Investments Acquires Cromantic

On March 1, 2014, private equity firm ALTRA Investments acquired consumer products company Cromantic

Acquisition Highlights
  • This is ALTRA Investments’ 1st transaction in the Consumer Products sector.
  • This is ALTRA Investments’ 7th transaction in Colombia.

M&A Deal Summary
Date 2014-03-01
Target Cromantic
Sector Consumer Products
Buyer(s) ALTRA Investments
Deal Type Buyout (LBO, MBO, MBI)

Target

Cromantic

Bogota, Colombia
Prosalon is a cosmetics and beauty products specialty retailer with operations in Colombia. Cromantic operates a professional beauty products retail chain under the brand name Cromantic aimed at the mass market, another under the brand name Blind aimed at the prestige market, and a distribution channel catering to beauty shops and hair dressers. Prosalon offers hair care, makeup, nails and skincare products with proprietary and exclusively represented brands. Prosalon was founded in 2012 and is based in Bogota, Colombia.

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Buyer(S) 1

Buyer

ALTRA Investments

Bogota, Colombia

Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 547M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ALTRA Investments is a private equity firm focused on investment opportunities in Columbia and Peru. The firm focuses on midcap companies generating sales of $15 to $150 million. ALTRA generally favors industries with significant barriers to entry, increasing foreign investment, and consolidation possibilities. The firm invests in the range of $30 - $60 million per transactions. ALTRA will not invest in early stage situations, mining exploration, and basic manufacturing without sustainable advantages. ALTRA was formed in 2005 and has offices in Lima and Bogota.

DEAL STATS #
Overall 13 of 18
Sector: Consumer Products M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 12 of 17
Country: Colombia M&A 7 of 9
Year: 2014 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-02 Colfrigos SA

Bogota, Colombia

Colfrigos provides integrated cold chain logistics services throughout Colombia and was formed through a merger of three companies, including Colfrigos, a refrigerated warehouse facility in Bogota, Provyser, a leading cold logistics player on Colombia's Caribbean coast and TRC, the leader in refrigerated transportation in Colombia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-01 Termovalle

Palmira, Cambodia

Termovalle is a thermal power generation company, operating a combined cycle gas-fired generation plant with capacity of 205MW. The plant is strategically located in the southeastern region in Yumbo, Valle del Cauca in a free trade zone facility. Termovalle has the reliability charge as its main revenue source, which is backed by fuel oil long-term contracts. Termovalle is based in Palmira, Cambodia.

Buy -
Mergr

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