Acon Investments LLC through affiliates of Acon Latin America Opportunities Fund V LP have acquired an equity stake in Sapore S.A.
Sapore is a privately-owned corporate foodservice firm serving blue-chip clients across over 1,100 facilities in Brazil. The firm serves over 1 million meals to firms within business, healthcare and education sectors and reached over R$2 billion in gross revenue. The investment is intended to support shareholders and management as the firm continues its growth plan within technological innovation. The firm is currently preparing for a public offering.
“Acon sees significant opportunity as more companies outsource food and facilities management services in Brazil. We believe Sapore is well positioned to benefit from this trend and from cross selling these services” added Rodrigo Galvão, Acon’s Partner based in São Paulo.