M&A Deal Summary |
|
|---|---|
| Date | 2003-01-01 |
| Target | CTI Movil |
| Sector | Communications |
| Buyer(s) | CoInvest Argentina S.A. |
| Deal Type | Buyout (LBO, MBO, MBI) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2002 |
| Size | Small |
| Type | Sector Agnostic |
CoInvest Argentina is a private investment firm focused on acquiring controlling stakes in Argentine companies. CoInvest will consider opportunities in a variety of industry sectors, and is a 'hands on' investor, looking to assist portfolio companies with growth strategies, as well as operational and financial improvements. Sectors of interest include telecommunications, electric utilities and food/beverages. CoInvest was formed in 2002 and is based in Buenos Aires.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 7 |
| Sector: Communications M&A | 1 of 1 |
| Type: Buyout (LBO, MBO, MBI) M&A Deals | 5 of 7 |
| Country: Argentina M&A | 5 of 7 |
| Year: 2003 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-01-01 |
GRD Leather S.A.
Argentina Over the years, GRD had become one of the most advanced tanneries in the country with a state-of-the art facility. At the beginning of 2000, financial problems with its former controlling shareholder led GRD to file for Chapter 11 bankruptcy protection, forcing the closing of the plant. In January 2003 CoInvest reached agreements with creditor banks and suppliers and arranged a syndicate of investors that acquired all of the capital stock of GRD. While on-going operational restructurings were driving GRD towards break-even, a sale process was conducted to integrate the company with one of the leading local strategic players. This sale was not successful and the company had to file for bankruptcy protection. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-01-01 |
Jardín del Pilar
Argentina Jardín del Pilar is Argentina’s largest private provider of funeral and death care services, with 5 leading cemeteries and 7 funeral homes, having the most recognized and prestigious brands in both activities. CoInvest partnered with the Ábalos Group, the former owners of cemeteries in Chile, and Julio Zorraquin, former owner of the best private cemetery in Argentina to acquire 100%-ownership of Jardín del Pilar. CoInvest and its partners appointed a new management team and designed and implemented a strategy to increase commercial productivity and achieve cost efficiencies. Two years after acquisition, CoInvest sold its stake to the Ábalos Group. |
Buy | - |
