Acquisitions in Peru

Cooke Inc. acquired 100% of Corporacion Pesquera Inca S.A.C. (Copeinca), one of the world’s largest fishmeal and fish oil producers and Peru’s largest fishing company. Antarctica Advisors International Corp acted as sell-side investment banking co-advisor to Copeinca’s shareholders in the transaction.

Franco-Nevada Corporation acquired from Compañía de Minas Buenaventura and its subsidiary an existing 1.8% net smelter return (NSR) royalty covering Newmont’s Yanacocha mine and adjacent mineral properties (including Conga) in Peru. Consideration consists of $210 million in cash at closing plus a contingent $15 million payment in Franco-Nevada shares payable upon the Conga project achieving commercial production. The royalty acquisition is effective July 1, 2024, and Franco-Nevada also received a right of first refusal on certain Buenaventura royalty interests.

ESTELA, a Latin America-focused digital and tax compliance software platform backed by Accel-KKR, announced the acquisition of Peruvian tax compliance software company TCI. The deal expands ESTELA’s regional reach in Peru by adding TCI’s e-invoicing and digital intermediation capabilities to better serve local and multi-country compliance needs.

Ardian, through its Ardian Clean Energy Evergreen Fund (ACEEF), has agreed to acquire 100% of an unnamed Peru-based hydropower company. The seller group includes funds managed by BTG Pactual, Patria Investments, and GMR Holding B.V. The acquired business owns six operational run-of-river hydroelectric power plants in Peru totaling 73.4 MW under long-term, government-awarded power contracts.

Charles Taylor Adjusting, a division of Charles Taylor, acquired Lima, Peru-based loss adjusting firm Herrera DKP; financial terms were not disclosed. The deal expands Charles Taylor Adjusting’s presence in Peru and strengthens its broader Latin American claims and loss adjusting capabilities, with Herrera DKP’s leadership team continuing to run the business under the regional organization.

An affiliate of H.I.G. Capital completed the acquisition of a majority stake in Grupo Ransa (Ransa), a leading third-party logistics (3PL) provider operating across the Andean region and Central America. Peru-based conglomerate Grupo Romero, a longstanding shareholder, will remain invested as a strategic partner, and Ransa’s management team led by CEO Paolo Sacchi will continue to run the business. Financial terms were not disclosed.

Emergent Cold Latin America launched with a $450 million capital raise backed by anchor investors Lineage Logistics, Stonepeak Partners, and D1 Capital Partners. Alongside the launch, the company completed its first acquisition: Peru’s newest individually quick-frozen (IQF) fruit processing facility in Piura, together with its 7,300-pallet-position cold storage warehouse serving domestic and import/export customers via Paita Port.

The Carlyle Group acquired 100% of Atracciones Coney Island SAC and its subsidiaries (Divertrónica Medellín SAS and Yukids SpA). The business operates more than 130 family entertainment centers across Peru, Colombia, and Chile, and was purchased from Grupo El Comercio and the company’s founders/shareholders; financial terms were not disclosed.