M&A Deal Summary

Equity International Acquires AGV

On August 21, 2008, private equity real estate Equity International acquired transportation company AGV

Acquisition Highlights
  • This is Equity International’s 1st transaction in the Transportation sector.
  • This is Equity International’s 4th transaction in Brazil.
Investment Fate
  • AGV was sold to a strategic buyer in 2019.
  • AGV was divested to a consortium of buyers in 2025.

M&A Deal Summary

Date 2008-08-21
Target AGV
Sector Transportation
Buyer(s) Equity International
Deal Type Buyout (LBO, MBO, MBI)

Target

AGV

Sao Paulo, Brazil
AGV is a logistics company and specializing in integrated third-party logistics (3PL) solutions for industries such as pharmaceuticals, animal health, and consumer goods. AGV Logistica was founded in 1998 and is based in Sao Paulo, Brazil.

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Buyer(S) 1

Buyer

Equity International

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Real Estate
Founded 1999
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Equity International is a private equity real estate firm focused on investment opportunities located outside the US. Equity International looks to co-invest alongside outside operating and financial partners when considering new projects or proposals. Specific areas of interest include the office, industrial, retail, entertainment, hospitality, finance, homebuilding and senior living sectors. The Firm's geographic interest lies in areas with economic growth, capital market inefficiency and limited competition. Equity International was formed in 1999 by Sam Zell and Gary Garrabrant and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 16 of 27
Sector: Transportation M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 11 of 16
Country: Brazil M&A 4 of 9
Year: 2008 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Mexico Retail Properties

Mexico City, Mexico

Mexico Retail Properties (MRP) is a privately-held company headquartered in Mexico City. Founded in 2003 by Black Creek Group and Equity International, MRP is exclusively focused on the development, acquisition and management of institutional quality retail property. This represents the second venture between Equity International and Black Creek following the formation of Corporate Properties of the Americas (CPA) in 2000.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-20 Construtora Tenda S.A.

Sao Paulo, Brazil

Construtora Tenda S.A. (?Tenda? or the ?Company?) is a publicly-traded Brazilian homebuilder focused exclusively on the affordable/entry-level segment in Brazil. Headquartered in S?o Paulo, Tenda was founded in 1994 and completed its initial public offering on the Brazilian stock exchange in October 2007 (Bovespa:TEND3), raising approximately R$603 million of equity capital in the process. In October 2008, Gafisa S.A. (NYSE:GFA; Bovespa:GFSA3), a Brazilian homebuilder also owned in part by Equity International, acquired a 60 percent majority ownership stake in Tenda through the merger of its Fit Residencial business unit with Tenda.

Buy -