Australis Partners Fund LP (“Australis Partners”) announced today that it has entered into a definitive agreement to invest in the Reve Group (“Reve” or the “Company”), a leading Colombian retailer in the discount grocery sector and consumer food service business which operates under its flagship banners “Justo y Bueno” and “Tostao”.
Reve is a fast growing company that is uniquely positioned to capitalize on the expansion and modernization of the Colombian food retail sector. Reve has already surpassed 900 points of presence in 156 municipalities in Colombia and has a growing presence in Panama. Australis Partners is pleased to have the opportunity to work with the Company’s experienced management team to continue developing its platform across Colombia and Latin America.
The Reve Group transaction is consistent with Australis Partners’ strategy to invest in high growth businesses driven by strong underlying industry and macro trends, particularly those related to consumption growth and expansion of the middle class in the region. The transaction represents the first investment made by Australis Partners in Colombia and is expected to close in September 2018.
About Australis Partners
Australis Partners (Advisers), LLC is an independent investment firm that manages private equity funds with a focus on the Pacific Alliance countries of Chile, Colombia, Mexico and Peru. Founded in 2014 by former senior investment professionals of CVCI Latin America, our partners have led 20 investments, deployed more than $900 million in capital and developed extensive experience investing in our core markets across the region. For more information visit www.australispartners.com.
About Reve Group
Founded in 2015, the Reve Group operations are comprised of two main business units:
(i) a discount supermarket chain (“Justo & Bueno”) providing high quality consumer staples at the lowest prices; and (ii) a specialty coffee chain (“Tostao”) that offers low-priced, high-quality coffee and baked goods as well as cold beverages and ready-to-eat meals