ACON Investments Expands Portfolio with Investment in KiSabor Food Brand

ACON Investments Welcomes KiSabor to Its Portfolio

In a strategic move to bolster its presence in Latin America, ACON Investments, a prominent private equity firm based in Washington, D.C., has announced a definitive agreement to invest in Food Brands Indústria de Produtos Alimentícios S.A., commonly known as KiSabor. This marks ACON's 44th investment in the Latin American region under its fifth fund.

Founded in 2004 and headquartered in São Paulo, KiSabor has carved out a significant niche in the Brazilian consumer food market, offering an extensive portfolio that includes over 800 stock-keeping units (SKUs) ranging from sauces and dressings to popcorn and food condiments. The company caters to over 3,000 retailers and wholesalers, demonstrating its wide-reaching distribution capabilities and product diversity.

The investment comes at a crucial time for KiSabor as it gears up for further expansion. The leadership team, consisting of CEO Donizeti Ferreira, CFO Flavia Tempeste, and Industrial Director Leandro Tempeste, expressed enthusiasm about partnering with ACON. Ferreira stated, "We are eager to collaborate with ACON to enhance our growth strategy and position in the competitive Brazilian food sector."

Flavia Tempeste emphasized the importance of ACON's global reach and experience, which she believes will be instrumental in KiSabor’s development. "We are excited about entering this new phase of growth together with ACON," she said, highlighting the strategic synergies expected from the partnership.

Leandro Tempeste added his confidence in ACON being the right partner to help elevate KiSabor to new heights, reinforcing the firm’s reputation for nurturing growth in the consumer goods sector.

Rodrigo Galvão, a partner at ACON, noted, "KiSabor has established itself as a premium provider of consumer food products, leveraging health-conscious trends among consumers. We anticipate that our investment will significantly enhance the company's distribution footprint and brand visibility across Brazil."

The investment also underscores ACON's commitment to the consumer food segment, following its successful exit from Dori, a leading Brazilian snack producer. Diogo Yano, another director at ACON, highlighted their rich history in the consumer food space and expressed optimism about KiSabor’s future.

This transaction is anticipated to undergo some pending conditions before its finalization, though the specifics regarding the financial terms remain undisclosed. In the meantime, BR Finance served as the exclusive financial advisor to KiSabor during this transaction.

As ACON continues to grow its footprint in the Latin American market, the partnership with KiSabor is poised to drive significant advancements in both companies' objectives, ultimately realizing their potential in an ever-evolving sector. Investors and stakeholders are encouraged to stay tuned for further developments as this partnership unfolds.

For additional insights on ACON Investments and their expansive portfolio, visit www.aconinvestments.com.