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April 7, 2022

Acon Investments acquires stake in Brazil’s Sapore

São Paulo-based Sapore operates more than 1,100 facilities in Brazil.

Acon Investments has acquired an equity stake in Brazil-based privately-owned corporate foodservice business Sapore.

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The size of the stake and financial terms of the deal were not disclosed.

Founded in 1992, São Paulo-based Sapore operates more than 1,100 facilities across the country, with around 15,000 employees.

Led by chairman Daniel Mendez and CEO Elezir Júnior, the firm caters to companies across the business, industry, healthcare and education segments.

Last year, it registered more than $424m (R$2bn) in gross revenue.

Acon’s investment will help Sapore accelerate its ongoing growth strategy. The company intends to leverage the fresh capital to fund its expansion plans and technological advancement as it readies for a public market offering.

Mendez said: “The entire management team is excited about our partnership with Acon. We look forward to working with Acon to further strengthen Sapore’s position in the corporate foodservices and facilities management segments, as well as to enhance its growth profile and offer the full outsourcing solution to our clients.”

Acon managing director Andre Bhatia added: “Sapore has established itself as a leading player in the market for corporate foodservice businesses in Brazil.

“We have been very impressed by the executive team, the strength of the brand and the positioning of its services throughout Brazil.”

In January, ride-hailing company Uber decided to stop its restaurant delivery service Uber Eats in Brazil.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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